The Indian Oil Corporation Ltd. or IOC belongs to Nifty 50 group of companies. For this reason fluctuations in IOC, share price affects the benchmark index.
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IOC Share Price Graph
Founded in 1959, Indian Oil Corporation Ltd. is a large cap company in Indian petroleum sector. Indian Oil Corporation Ltd has a long history associated with it. In 1959 it was incorporated as Indian Oil Company. Later, in 1964 it merged with Indian Refineries Ltd. and the new company was named Indian Oil Corporation Ltd.
IOC runs 10 refineries out 20 in India and has the capacity to produce 60.2 million metric tons of fuel annually. It has the largest pipeline network in India, spanning across 10000 kms.
IOC controls a big network of operations catering to millions of Indians households and commercial needs. It has 35000 sale outlets backed by an infrastructure of 89 LPG (liquid petroleum gas) bottling centre, 101 ATF (aviation turbine fuel) refilling points and 167 storage terminal and depots for bulk storage. In addition, the company has 7,335 bulk fuel outlets for bulk consumers in India.
In addition, it sells Liquid Petroleum Gas (LPG) to a vast 53 million households through its network of 5300 Indane distributors in 2700 markets in India making it the largest company in this sector.
The Indian Oil Corporation Ltd. earns its revenue by marketing petroleum products. It extracts crude which is sent to refineries for the production of different petroleum products like ATF (Aviation Turbine Fuel), Kerosene, Diesel, Petrol, Naptha, Petroleum Jelly, Mobil Oil and Grease. A strong backup of exploration and research activity supports the company. As per latest data, the company holds over 61% of market share in the ATF sub-sector.
Indian Oil Corporation Ltd. has big business interest abroad. It supplies petroleum and related products to Thailand, Indonesia, Turkey, Vietnam, Oman and Norway.
Company Financials – IOC share price is Rs 382 (as on 23.06.17, 09.59 hrs.) in BSE. As per latest data, the standalone basis P/E is 10 versus average industry PE of 12.91, EPS is Rs 39.35. Market cap is Rs 1,91,104 crores. The face value of a share is Rs 10.
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