INDIAN OIL CORPORATION (IOC) SHARE PRICE TARGET 2024, 2025 to 2030

One of India’s largest oil marketing and refining enterprises is the Indian Oil Corporation. The company’s share price has always been a subject of curiosity for investors due to its significant presence in both the domestic and international markets. What is the share price target for Indian Oil Corporation? Can I buy IOC in March 2024?

To establish the prospective share price target for Indian Oil Corporation. between 2024 and 2030, we will examine the company’s financials, recent developments, and market trends in this article. So, let’s investigate and see if this stock is worthwhile to buy.

Indian Oil Corporation Price Prediction

About Indian Oil Corporation

Indian Oil Corporation, a premier integrated energy major in India, stands as a beacon of excellence in the oil, gas, petrochemicals, and renewable energy sectors. With an expansive network of over 58,000 customer touch-points, 34,000 fuel stations, and a refining capacity of 70.05 MMTPA, IndianOil delivers essential petroleum products and services to millions of Indians daily.

Beyond its impressive operational scope, the corporation is also at the forefront of sustainable initiatives, championing research in hydrogen, promoting green energy with solar and wind capacities, and actively engaging in social responsibility projects across healthcare, education, empowerment, and environmental stewardship.

What kind of business is IOC in?

Indian Oil Corporation (IndianOil) operates in various sectors within the energy industry. It is a diversified and integrated energy major with a significant presence in the following business segments:

  1. Oil Refining: IndianOil is a major player in oil refining, with a refining capacity of 70.05 million metric tonnes per annum (MMTPA). It refines crude oil into various petroleum products like petrol, diesel, aviation fuel, and more.
  2. Marketing and Distribution: IndianOil operates over 34,000 fuel stations across India, reaching every corner of the country. It markets and distributes a wide range of petroleum products to consumers, ensuring a steady supply of fuels.
  3. Petrochemicals: IndianOil is a significant player in the petrochemical industry, with a petrochemical production capacity of nearly 3,200 KTA (kilotonnes per annum). It produces a variety of petrochemical products used in manufacturing and various industries.
  4. Renewable Energy: IndianOil has ventured into renewable energy sources like solar and wind. It has a solar PV capacity of around 70 MW and a wind capacity of 168 MW, contributing to India’s clean energy goals.
  5. Research and Development: IndianOil’s R&D Center in Faridabad is a hub for downstream petroleum research. The centre develops advanced technologies, innovative products, and solutions for the energy industry.
  6. City Gas Distribution (CGD): IndianOil is a leading player in the City Gas Distribution sector, providing natural gas to households, industries, and vehicles in cities across India.
  7. Alternative Fuels: IndianOil is actively involved in research and development related to alternative fuels, including hydrogen production, storage, and applications like fuel cells. It is also investing in Green Hydrogen Plants and is a promoter of sustainable transportation through initiatives like the SATAT scheme.
  8. Corporate Social Responsibility (CSR): IndianOil is committed to social responsibility, engaging in initiatives related to healthcare, education, women empowerment, environmental sustainability, and more.
  9. Battery Technology: IndianOil collaborates with partners to explore and commercialize innovative battery technologies, such as the Aluminium-Air Battery technology in collaboration with Phinergy Limited.

Indian Oil Corporation’s business spans a wide range of energy-related sectors, including oil refining, marketing and distribution, petrochemicals, renewable energy, research and development, alternative fuels, city gas distribution, and socially responsible initiatives.

Indian Oil Corp. (IOCL) Q4 FY24 Highlights

  • Indian Oil Corporation’s Q4 2024 results, announced on April 30, 2024, depict a challenging financial scenario.
  • Revenue declined by 3.06% year-on-year, with a further decrease of 1.43% compared to the previous quarter.
  • Profit plummeted by 49.96% year-on-year and 42.98% quarter-on-quarter, indicating significant financial strain.
  • Operating income witnessed a notable decline, down by 33.75% quarter-on-quarter and 45.34% year-on-year.
  • Selling, general, and administrative expenses surged by 7.55% quarter-on-quarter and 21.79% year-on-year, exacerbating financial pressures.
  • Earnings per share (EPS) for Q4 stood at ₹3.78, marking a substantial 50.37% decrease year-on-year.
  • Indian Oil Corporation faces significant challenges in restoring investor confidence and navigating through the volatile market conditions.

How to purchase Indian Oil Corporation (IOC) shares?

Below are the trading platforms that you can use to purchase Indian Oil Corporation shares:

➤ Zerodha

➤ Upstox

Finances rule

➤ Groww

➤ AngelOne

➤ ICICIDirect

Indian Oil Corporation Share Price Prediction: 2024, 2025 to 2030

IOC Share Price Target 2024

When Maximum Price Minimum Price
May 2024 175.64 152.73
June 2024 181.96 158.23
July 2024 180.14 156.64
August 2024 187.35 162.91
September 2024 194.84 169.43
October 2024 191.02 166.10
November 2024 198.66 172.75
December 2024 200.65 174.48

In May 2024, IOC’s shares are expected to fluctuate between a maximum price of ₹175.64 and a minimum price of ₹152.73. Moving into June, prices may rise, with projections ranging from ₹181.96 to ₹158.23. July could see a slight dip, with prices anticipated to range between ₹180.14 and ₹156.64. As the year progresses, prices are projected to increase steadily, reaching ₹200.65 (max) and ₹174.48 (min) by December 2024.

IOC Share Price Target 2025

When Maximum Price Minimum Price
January 2025 202.65 155.89
February 2025 204.70 157.46
March 2025 209.00 160.77
April 2025 206.93 159.18
May 2025 200.90 154.54
June 2025 209.94 161.49
July 2025 205.83 158.33
August 2025 212.19 163.22
September 2025 214.74 165.18
October 2025 220.32 169.48
November 2025 225.83 173.72
December 2025 235.99 181.53

As we step into January 2025, IOC’s shares are expected to trade between ₹202.65 (maximum) and ₹155.89 (minimum), with February projecting a range of ₹204.70 to ₹157.46. March may witness further increases, with prices ranging from ₹209.00 to ₹160.77. As the months progress, IOC’s share prices are anticipated to fluctuate, reaching a maximum of ₹235.99 and a minimum of ₹181.53 by December 2025.

Indian Oil Corporation (IOC) Share Price Target 2026

When Maximum Price Minimum Price
January 2026 243.07 186.98
February 2026 237.00 182.30
March 2026 241.74 185.95
April 2026 246.67 189.75
May 2026 244.23 187.87
June 2026 250.33 192.56
July 2026 245.42 188.79
August 2026 253.01 194.63
September 2026 258.07 198.52
October 2026 264.78 203.68
November 2026 271.40 208.77
December 2026 278.19 213.99

IOC Share Price Target 2027

When Maximum Price Minimum Price
January 2027 280.97 216.13
February 2027 288.18 221.67
March 2027 299.41 230.32
April 2027 293.54 225.80
May 2027 284.99 219.23
June 2027 297.82 229.09
July 2027 291.98 224.60
August 2027 301.01 231.55
September 2027 311.54 239.65
October 2027 319.64 245.88
November 2027 327.64 252.03
December 2027 335.83 258.33

Indian Oil Corporation (IOC) Share Price Target 2028

When Maximum Price Minimum Price
January 2028 342.54 263.49
February 2028 351.33 270.25
March 2028 365.03 280.79
April 2028 357.87 275.28
May 2028 347.45 267.27
June 2028 363.08 279.29
July 2028 355.96 273.82
August 2028 366.97 282.29
September 2028 379.82 292.17
October 2028 389.69 299.76
November 2028 399.43 307.26
December 2028 409.42 314.94

IOC Share Price Target 2029

When Maximum Price Minimum Price
January 2029 417.61 321.24
February 2029 428.32 329.47
March 2029 445.02 342.32
April 2029 436.29 335.61
May 2029 423.59 325.84
June 2029 442.65 340.50
July 2029 433.97 333.82
August 2029 447.39 344.15
September 2029 463.05 356.19
October 2029 475.09 365.45
November 2029 486.96 374.59
December 2029 499.14 383.95

Indian Oil Corporation (IOC) Share Price Target 2030

When Maximum Price Minimum Price
January 2030 509.12 391.63
February 2030 522.18 401.67
March 2030 542.54 417.34
April 2030 531.90 409.16
May 2030 516.41 397.24
June 2030 539.65 415.11
July 2030 529.07 406.98
August 2030 545.43 419.56
September 2030 564.52 434.25
October 2030 579.20 445.54
November 2030 593.68 456.68
December 2030 608.52 468.09

Throughout January 2030, IOC’s shares are projected to trade between ₹509.12 (maximum) and ₹391.63 (minimum), with February anticipating a range of ₹522.18 to ₹401.67. March is likely to witness further increases, with prices ranging from ₹542.54 to ₹417.34. As the months progress, IOC’s share prices are expected to fluctuate, reaching a maximum of ₹608.52 and a minimum of ₹468.09 by December 2030.

Financial Condition of Indian Oil Corporation (IOC): Last 5 years

Indian Oil Corporation has experienced fluctuating growth over the last five years.

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Sales + 483,763 363,950 589,321 841,756 776,352
Expenses + 467,710 324,021 541,563 811,010 700,761
Operating Profit 16,053 39,929 47,758 30,745 75,591
OPM % 3% 11% 8% 4% 10%
Other Income + -7,165 4,696 4,332 5,061 5,389
Interest 5,792 2,933 5,454 7,588 7,826
Depreciation 10,273 10,941 12,348 13,181 15,866
Profit before tax -7,177 30,751 34,289 15,038 57,288
Tax % 74.00% 29.00% 25.00% 22.00% 25.00%
Net Profit + -1,876 21,762 25,727 11,704 43,161
EPS in Rs -0.63 15.32 17.78 6.93 29.55
Dividend Payout % -437% 51% 46% 42% 41%

The financial performance of the company over the past five years reflects a dynamic landscape marked by significant fluctuations. Sales figures surged from March 2020 to March 2023, reaching an impressive ₹841,756 crores, showcasing the company’s capacity for revenue generation. However, there was a slight downturn in sales to ₹776,352 crores by March 2024, indicating potential market challenges or shifts in consumer demand.

Operating profit demonstrated a similar trend, experiencing peaks in March 2021 and March 2024, suggesting periods of robust operational efficiency. Despite these highs, maintaining consistent profitability proved challenging, as evidenced by fluctuations in net profit margins and negative earnings per share in March 2020 and March 2023. This indicates potential areas for operational refinement or cost management strategies to stabilize earnings and enhance shareholder value over time.

Moreover, the dividend payout percentage exhibited variability, with a substantial decrease from -437% in March 2020 to 41% in March 2024. This suggests a shift in the company’s dividend policy or capital allocation strategies, which could impact investor perceptions and shareholder returns. Overall, the financial data underscores the need for strategic adaptation and proactive measures to navigate the evolving market landscape effectively and ensure long-term sustainability and growth.

Motilal Oswal on Indian Oil Corporation Share Price

Motilal Oswal advises investors to buy Indian Oil Corporation Shares, setting a target price of Rs 195.00.

FAQS

What is the current share price of Indian Oil Corporation?

As of May 4th, 2024, the current price for the shares of Indian Oil Corporation is set at ₹171.

What is the share price target of IOC by 2024?

As per our prediction, Indian Oil Corporation is expected to reach a maximum of ₹200.65 by the end of December 2024

Can IOC’s share price reach 500 INR by 2025?

IOC share price target for 2025 shows IOC could be trading ₹235.99 and ₹154.54. We do not think the Indian Oil Corporation may reach Rs. 500 by 2025.

What is the growth potential of Indian Oil Corporation?

Indian Oil Corporation has significant growth potential due to its dominant market position in the Indian oil and gas industry and its expansion into new sectors such as electric vehicle charging and renewable energy.

What are the financials of Indian Oil Corporation in the last five years?

Indian Oil Corporation has shown a mixed financial performance in the last five years, with revenue growth fluctuating and net profit showing a decline in some years.

What are the factors affecting IOC’s share price?

Several factors such as global crude oil prices, government policies, competition, and the Indian economy can affect the share price of Indian Oil Corporation.

What is the dividend history of Indian Oil Corporation?

Indian Oil Corporation has a good dividend history, with a high dividend payout ratio in some years.

What are the recommendations of experts for investing in Indian Oil Corporation shares?

It is recommended to conduct thorough research and analysis before investing in Indian Oil Corporation shares, as the market can be volatile.

ALSO READ:

Conclusion: Is it a good time to invest in Indian Oil Corporation shares?

In conclusion, Indian Oil Corporation’s financial journey over the past five years reflects a mix of achievements and challenges. While the company demonstrated robust revenue growth and operational efficiency during certain periods, it also faced fluctuations in profitability and dividend payouts. The slight downturn in sales by March 2024 and the variability in net profit margins underscore the need for strategic adaptation and prudent financial management to address market challenges effectively. Despite these fluctuations, Indian Oil Corporation’s dominant market position in the Indian oil and gas industry, coupled with its expansion into new sectors such as electric vehicle charging and renewable energy, suggests significant growth potential in the future. Investors should conduct thorough research and analysis before making investment decisions, considering factors such as global crude oil prices, government policies, competition, and the overall economic landscape.

The decision to invest in Indian Oil Corporation shares depends on individual investment goals and market conditions. It is recommended to consult with a financial advisor before investing. According to our analysis, I would avoid investing in Indian Oil Corporation as of May 4, 2024.

Even if I invest, I will only invest a small amount, that too in dips.

Financesrule telegram

Author: Neelam KushwahaNeelam Kushwaha is a Bachelor's student in Computer Science at Hansraj College with a keen interest in finance and the stock market. She is a senior editor at Financesrule, where she shares her insights and expertise in researching stock price predictions. Neelam's analytical skills and unique perspectives make her a valuable asset to the financial community. In her free time, she enjoys reading and traveling.

Leave a Reply