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.
IOC Share Price Graph
Founded in 1959, Indian Oil Corporation Ltd. is a large-cap company in the 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 km.
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 the 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.
IOC share price is Rs 382 (as on 23.06.17, 09.59 hrs.) in BSE. As per the 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.
IOC share closed at Rs 148.25 on 02 November 2018 in the NSE. The present market cap is Rs 143929.02 crores. The earning per share or EPS is Rs 23.87 as per the average trailing 12 months data. The price over earning ratio or P/E stands at 5.97. The Book Value per share is Rs 122.41. The price over book value ratio or P/BV 1.16. The Dividend yield is 14.79%. The 52 weeks high price is Rs 213.70 and 52 weeks low is Rs 105.25.
With the recent turmoil in the international crude market and rising price of the crude has impacted the financials of the company. India being basically an oil importing country, the companies operating in the Indian petroleum sector have to heavily depend on crude import. Thus the price of international crude oil makes a direct impact on petroleum companies operating in India. IOC is basically an OMC or oil marketing company. Higher crude price increases the under-recovery of the company causing a decrease in profit margin and fall of the share price.
Indian Oil Corporation Ltd. more commonly known as IOCL or IOC is a Large Cap company and the current market cap is Rs 143929.02 crores. The company operates in the Indian Petroleum sector.
IOC earns its revenue from mostly from the sale of petroleum products. But there are other sources of earning as well. The audited financial report of Indian Oil Corporation Ltd. for the year ended 31 March 2018 shows that the company has earned Rs 497400.43 crores from the sales of petroleum products amounting to 98.21% of total sales, other operating revenue contributed Rs 5521.34 crores which is equivalent to 1.09% of total sales. IOC also earned Rs 3196.34 crores from Grants amounting to 0.63% of total sales value, earned Rs 139.11 crores from the sale of scraps (0.02%) of total sales, revenue from the sale of services contributed Rs 96.16 crores ( 0.01% of total sales ) and earned Rs 81.11 crores from subsidy amounting to 0.01% of the total sales value.
For the quarter ended 30 September 2018, the company reported a standalone sales of Rs 132357.08 crores which is up by 2.84% from the last quarter (ended in March 2018) sales of Rs 128707.13 crores and sales increased by 47.89% from the sales of a similar quarter of the previous year which was Rs 89498.77 crores. In the second quarter of this financial year, the company has reported a net profit of Rs 2950.80 crores.
The company’s top management includes Dr S S V Ramakumar, Dr Jagdish Kishwan, Dr S S V Ramakumar, Mr Akshay Kumar Singh, Mr A K Sharma, Mr Ashutosh Jindal, Mr Chitta Ranjan Biswal, Mr B V Rama Gopal, Mr D S Shekhawat, Mr Gurmeet Singh, Mr G K Satish, Mr Parindu Bhagat, Mr Samirendra Chatterjee, Mr Ranjan Kumar Mohapatra, Mr Sanjay Kapoor, Mr Shankar Chakraborti, Mr Sanjiv Singh, Ms Indrani Kaushal, Mr Vinoo Mathur.
The company has appointed M/S V Singhi & Associates as its auditors.
As on 30 September 2018, the company has a total of 9,711,809,928 nos of shares outstanding.
The shareholding pattern of the Indian Oil Corporation Ltd. currently has different shareholders in the manner as stated below.
- The promoters and promoter group of the company hold 5,511,546,048 nos of shares which is equivalent to 56.75% of total shares.
- The financial institutions hold 677,493,297 nos of shares amounting to 6.98% of total shares.
- Others hold 2,192,080,729 nos or shares or 22.57% of total shares.
- The nationalised banks and mutual funds together hold 395,140,990 nos of shares or 4.07% of total shares.
- The foreign institutions or FIIs hold 581,250,027 nos of shares amounting to 5.98% of total shares.
- General public holds 343,498,837 nos of shares which is equivalent to 3.54% of total shares.
- In addition, the Central Government itself holds a total number of 10,800,000 shares which are equivalent to 0.11% of total shares.
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