Today we are going to discuss in detail the share price target of Indian Oil Corporations Ltd (IOC), one of the companies with a large market cap in India. We will see IOC share price target 2024, 2025, 2026, 2030, 2035 and 2040 respectively in the article. We will predict the stock price using the background and technical analysis of the company. Join us till the end of the article for complete information.
About Indian Oil Corporation Ltd (IOC)
Indian Oil Corporation Limited (IOC) stands as a cornerstone of India\’s energy landscape since its establishment in 1959. As a leading state-owned entity, IOC is renowned across Asia for its prowess in oil refining and marketing. Its primary objective revolves around refining crude oil into indispensable petroleum products such as gasoline, diesel, and lubricants. Bolstered by an extensive network of petrol stations, IOC ensures the seamless distribution of fuel across the nation, vital for transportation, industry, and everyday life.
Beyond refining, IOC diversifies its portfolio with ventures into petrochemical production, pipeline transportation, and exploration & production activities. This multifaceted approach not only strengthens India\’s energy security but also propels its economic growth. Committed to environmental sustainability, IOC operates with a steadfast dedication to adhering to stringent environmental standards while delivering top-notch energy solutions.
IOC\’s contributions extend far beyond mere energy provision. By significantly impacting India\’s industrial landscape, it creates employment opportunities and fosters technological advancements within the energy sector. Through a culture of continuous innovation and strategic collaborations, IOC remains at the forefront of India\’s energy sector, spearheading progress and prosperity for the nation.
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Company Profile
| Segments | Details |
|---|---|
| Company Name | Indian Oil Corporations Ltd (IOCL) |
| Company Type | PSU |
| Traded as | NSE: IOC BSE: 530965 |
| ISIN | INE242A01010 |
| Indusry | Energy : Gas & Oil |
| Founded | 1959 |
| Headquarters | New Delhi, India |
| Area served | Worldwide |
| Products | LNG, Lubricants, Natural gas, Petrochemicals, Petroleum |
| Owner | Ministry of petroleum, Government of India |
| Number of Employees | 30,450 |
| Website | www.iocl.com |
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Indian Oil Corporation Ltd (IOC) Fundamentals
Indian Oil Corporation Limited (IOC) is a key player in India\’s energy sector, specializing in oil refining, marketing, and distribution. With a robust infrastructure of refineries and petrol stations, IOCL ensures widespread availability of essential petroleum products.
.Let us look at the fundamentals of the IOC company. We will discuss in detail about the company\’s financial results, shareholding pattern, share price history at below.
| Segment | Details |
|---|---|
| Market Cap | ₹ 2,38,507 Cr |
| P/E Ratio | 5.57 |
| P/B Ratio | 1.22 |
| ROE | 6.20% |
| ROCE | 6.54% |
| Dividend Yield | 7.55% |
| Debt to Equity | 0.98 |
| Revenue | ₹ 8,66,345 Cr |
| Net Profit | ₹ 39,619 Cr |
| Net Profit Margin | 4.57% |
IOC Shareholding Pattern
- 51.50% : Promoters
- 27.48% : DII
- 10.20% : Retail and Others
- 8.49% : FII
- 2.34% : Mutual Funds
IOC Financial Results
- March 2022: In the financial year of 2021-22, IOC Generate total revenue of rupees 5,98,160 Cr. If we talk about the net profit margin, it was 24,184 crores INR.
- March 2023: Total 839,472 crores rupees revenue generate in FY 2022-23 and the net profit was seen around 8,241 crores rupees.
- March 2024: In the FY 22-24, Indian oil generate total revenue of 8,66,345 crores rupees and net profit become around rupees 39,618 Cr.
IOC Share Price History Chart
If we talk about the history of share price of Indian Oil, it can be seen on the above chart. The share price all-time high is rupees 196 and all time low is 5.91 rupees. Indian Oil Company is famous for paying dividends.The company has paid dividends to the shareholders at the time indicated in the chart. During the corona epidemic, the share price of the company reached a very low level, but since then, a good growth has been seen in the share price till now.
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Indian Oil Corporation Ltd (IOC) Share Price Target
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹ 187.20 | ₹ 195.50 |
| 2025 | ₹ 205.30 | ₹ 211.10 |
| 2026 | ₹ 225.60 | ₹ 234.40 |
| 2027 | ₹ 248.50 | ₹ 257.20 |
| 2028 | ₹ 275.70 | ₹ 282.60 |
| 2029 | ₹ 310.50 | ₹ 315.20 |
| 2030 | ₹ 330.10 | ₹ 341.50 |
| 2035 | ₹ 520.50 | ₹ 560.40 |
| 2040 | ₹ 856.40 | ₹ 910.30 |
IOC Share Price Target 2024
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2024 | ₹ 187.20 | ₹ 195.50 |
Indian Oil is a company that refines and sells a petroleum product domestically and exports abroad. This field is very large and extensive, and the prospects are being expressed that the Indian Oil Company can take advantage of it and give good returns in the future.
In the year of 2024, IOC Share Price Target 2024 can be around 187.20 rupees and second target can be possible rupees 195.50 at the end of the year 2024.
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IOC Share Price Target 2025
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2025 | ₹ 205.30 | ₹ 211.10 |
Indian Oil has a leading position in India in refining crude oil and their competitors are Reliance, HP, BP, Essar, etc. Their sales are also good in the by-products of petroleum products. Now they have succeeded in setting up their petrol pumps in most parts of India, which is benefiting the direct sales of the company.
According to our research and technical data, IOC Share Price Target 2025 can be around 205.30 rupees and if first target hit we plan second target, and second Indian oil corporation share price target 2025 may be possible around 211.10 rupees in the year of 2025.
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IOC Share Price Target 2026
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2026 | ₹ 225.60 | ₹ 234.40 |
Indian Oil is a government owned company run by the Ministry of Petroleum. Looking at the future of electric vehicles, Indian Oil is now focusing more on building charging stations. There is no more hassle for them to build charging stations as they already have a good network across India.
In the year 2026, IOC Share Price Target 2026 may be hit 225.60 rupees and second target can be possible around 234.40 rupees at the end of the year 2026.
IOC Share Price Target 2030
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2030 | ₹ 310.10 | ₹ 341.50 |
In 2030, IOC Share Price Target 2030 can be around 310.10 rupees and second target can be around 341.50 rupees at end of the year 2030.
IOC Share Price Target 2035
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2035 | ₹ 520.50 | ₹ 560.40 |
Indian Oil has a large market cap and their products are also used on a daily basis so there is very little chance of a decline in their sales. Their proper management plays an important role in the growth of the company.
In the year of 2035, IOC Share Price Target 2035 can be around 520.50 rupees and second target can be around 560.40 rupees in the year of 2035.
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IOC Share Price Target 2040
| Year | 1st Target | 2nd Target |
|---|---|---|
| 2040 | ₹ 856.40 | ₹ 910.30 |
Almost half of the company\’s participation comes from promoters and another major share comes from domestic institutions due to which the share price is increasing with a stability.
From technical analysis, IOC Share Price Target 2040 can be around 856.40 rupees and second target can be around 910.30 rupees in the year of 2040.
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Risk and Consideration
Talking about risk, Indian Oil refines crude oil and sells it as a petroleum product. Everyone knows that the supply of petrol is not sustainable, it is an unobtainable commodity that will run out in the future. There are many more years to look forward to but if we look at the long term i.e. up to 20 years, it may come across as a risk.
Talking about the second risk, the entire raw material of the company comes from Middle East countries, in which Iran and Saudi Arabia are at the forefront. There are often war situations in the Middle East which can directly affect the shares of such companies. The company needs to work methodically from now on to face such future challenges.
Our Opinion
Currently, the work of the Indian government is progressing very well due to which foreign companies are investing in India in good proportion. Indian Oil can be called a government company as it is run by the Ministry of Petroleum. Since now PSU stocks are giving very good returns due to which investors are also seen investing in them in good proportion.
If you want to invest in Indian oil then you can invest in it but you need to understand the risk and do more research. Although we have given stock price targets through technical and fundamental analysis, you need to do your own research. Indian Oil is a good company to invest in but any investment in the stock should be done at one\’s own risk.
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Conclusion
The article offers a detailed analysis of Indian Oil Corporation Ltd (IOC), covering its background, financials, shareholding, and future projections. It predicts a bullish trajectory for IOC\’s share price, citing its market dominance, diverse portfolio, and strategic ventures like electric vehicle infrastructure. However, it cautions investors about risks such as resource depletion and geopolitical instability. While highlighting IOC as a promising investment, it underscores the need for thorough research and advisory consultation. In essence, the article advocates informed decision-making based on individual risk tolerance and investment objectives.
FAQs
IOC Share Price Target 2024
From technical and fundamentals analysis, IOC Share Price Target 2024 can be around rupees 187.20 and second target can be around 195.50 rupees possible.
IOC Share Price Target 2025
In the year of 2025, IOC Share Price Target 2025 may be reach around 205.30 rupees target, after hit first target we can plan for a second target and second target is around 211.10 rupees possible.
IOC Share Price Target 2030
In 2030, IOC Share Price Target 2030 can be around 310.10 rupees and second target can be around 341.50 rupees at end of the year 2030.
IOC Share Price Target 2040
From the technical analysis and fundamentals data, IOC Share Price Target 2040 can be around 856.40 rupees and second target can be around 910.30 rupees in the year of 2040.
Disclaimer: The information provided by us is for education purpose. Don\’t take investment advice….Read more
