IOC Share Price Target 2025, 2026, 2030, 2040, 2050
Indian Oil Corporation Ltd (IOC) is one of India’s leading oil and gas companies engaged in refining, transportation and marketing of petroleum products, refining, exploration of crude oil and natural gas production, leading suppliers of petrol and diesel as well as in key areas such as petrochemicals, natural gas exploration and green energy development, among others. The company was founded on June 30, 1959 and is headquartered in New Delhi, India.
This blog will provide a detailed analysis of its IOC share price targets as far as 25 years from now (2025 – 2050).
What is Indian Oil Corporation Ltd NSE: IOC?
IOC plays a vital role in India’s energy infrastructure and serves over 61,000 customers across India. Operating one of the largest pipeline networks in the world and developing renewable energy projects, such as investments in electric vehicle infrastructure, as well as research in areas such as hydrogen and solar energy for a cleaner future.
Fundamental Data
| Metric | Value |
|---|---|
| Market Cap | ₹1,65,475 Cr. |
| Current Price | ₹117 |
| Stock P/E | 17.0 |
| Book Value | ₹128 |
| Dividend Yield | 10.2% |
| ROCE | 21.1% |
| ROE | 25.7% |
| Face Value | ₹10.0 |
| Industry P/E | 19.0 |
| Net Profit | ₹10,909 Cr. |
| Debt | ₹1,63,401 Cr. |
| Current Liabilities | ₹2,43,312 Cr. |
| Current Assets | ₹1,65,833 Cr. |
| Debt to Equity | 0.90 |
| Price to Book Value | 0.91 |
| Graham Number | ₹147 |
| PBT (Annual) | ₹57,288 Cr. |
| EPS | ₹7.52 |
| Promoter Holding | 51.5% |
| PEG Ratio | 0.89 |
Peer Comparisons
| S.No. | Company Name | CMP (₹) | P/E | Market Cap (₹ Cr.) | Dividend Yield (%) | Net Profit (₹ Cr.) | Quarterly Profit Growth (%) | Quarterly Sales (₹ Cr.) | Quarterly Sales Growth (%) | ROCE (%) |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Reliance Industries | 1217.25 | 23.80 | 16,470,92 | 0.41 | 21,930 | 7.38 | 2,39,986 | 6.62 | 9.61 |
| 2 | Indian Oil Corporation | 117.25 | 17.05 | 1,65,475 | 10.23 | 2,147 | -81.87 | 1,94,014 | -2.95 | 21.14 |
| 3 | BPCL | 251.00 | 7.78 | 1,09,024 | 8.37 | 3,805 | 19.27 | 1,13,165 | -2.02 | 32.09 |
| 4 | HPCL | 312.35 | 11.03 | 66,493 | 6.72 | 2,543 | 256.83 | 1,10,607 | -0.66 | 21.26 |
| 5 | MRPL | 110.67 | 23.38 | 19,390 | 2.71 | 309 | -21.11 | 21,870 | -11.34 | 25.75 |
| 6 | CPCL | 479.35 | 19.19 | 7,138 | 11.47 | 20.78 | -94.31 | 12,925 | -25.61 | 35.07 |
| 7 | Gandhar Oil Refinery | 148.64 | 18.79 | 1,454 | 0.34 | 20.42 | -59.15 | 1,005 | -8.83 | 21.63 |
| Period | Share Price (INR) |
|---|---|
| Before 1 Year | ₹189 |
| Before 6 Months | ₹170 |
| Before 5 Years | ₹74 |
| All-Time High | ₹194 |
Indian Oil Corporation Ltd (IOC) has a strong market cap of ₹1.65 lakh crore and boasts impressive fundamentals, including a 10.2% dividend yield, 25.7% ROE, and a P/E of 17. The price may fluctuate tomorrow, but the long-term growth potential remains strong.
| Day | Minimum Price Target (₹) | Maximum Price Target (₹) |
|---|---|---|
| Tomorrow | -₹3.5 from today’s price | +₹6.2 from today’s price |
IOC Indicator Based Technical Analysis
NOTE!
Signals may differ across timeframes. If you’re planning to purchase IOC and keep it for more than one week, it’s suggested that you choose signals from weekly and daily timeframes. For trading in the short term, signals that range from 5 minutes to 1-hour timeframes are better appropriate.
Indian Oil Corporation (IOC) is forecast to grow significantly until 2025, driven by the expansion of refining capacity and its strong market position in petroleum products. With projects such as refinery expansion and pipeline capacity additions, Indian Oil Corporation is poised to maintain its market dominance in the Indian energy sector, which makes the share price target even more encouraging.
Our analysis shows that the share price is expected to be between Rs 90 and Rs 150.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2025 | 90 | 150 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 90 | 130 |
| February | 95 | 135 |
| March | 100 | 120 |
| April | 105 | 125 |
| May | 110 | 130 |
| June | 115 | 135 |
| July | 120 | 140 |
| August | 125 | 145 |
| September | 130 | 150 |
| October | 135 | 150 |
| November | 140 | 150 |
| December | 145 | 150 |
By 2026, IOC’s share price could rise due to continued efforts to strengthen its natural gas and petrochemicals business. Through investments in green energy and hydrogen initiatives, as well as ongoing projects to expand fuel distribution and electric vehicle infrastructure, the company plans to strengthen its market position while contributing to a further increase in share price and share value.
Our analysis shows that the share price is expected to be between Rs 120 and Rs 190.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2026 | 120 | 190 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 120 | 160 |
| February | 125 | 165 |
| March | 130 | 170 |
| April | 135 | 175 |
| May | 140 | 180 |
| June | 145 | 185 |
| July | 150 | 185 |
| August | 155 | 190 |
| September | 160 | 190 |
| October | 165 | 190 |
| November | 170 | 190 |
| December | 175 | 190 |
The future looks bright for IOC until 2030 as the company plans to increase petrochemicals’ intensity and continue refineries’ expansion. In addition, investment in renewable energies such as biofuels and green technologies should provide growth opportunities and strengthen IOC’s share price in the long term.
Our analysis shows that the share price is expected to be between Rs 250 and Rs 390.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2030 | 250 | 390 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 250 | 290 |
| February | 260 | 300 |
| March | 270 | 310 |
| April | 280 | 320 |
| May | 290 | 330 |
| June | 300 | 340 |
| July | 310 | 350 |
| August | 320 | 360 |
| September | 330 | 370 |
| October | 340 | 380 |
| November | 350 | 380 |
| December | 360 | 390 |
In 2040, Indian Oil should benefit from its substantial presence in refining, pipeline and gas distribution, while its renewable energy initiatives should drive future growth. Expanding green energy capacity and improving hydrogen infrastructure could see the stock rise steadily over the long term.
Our analysis shows that the share price is expected to be between Rs 680 and Rs 890.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2040 | 680 | 890 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 680 | 720 |
| February | 690 | 730 |
| March | 700 | 740 |
| April | 710 | 750 |
| May | 720 | 760 |
| June | 730 | 770 |
| July | 740 | 780 |
| August | 750 | 790 |
| September | 760 | 800 |
| October | 770 | 820 |
| November | 780 | 850 |
| December | 790 | 890 |
By 2050, IOC’s continued dominance in the refining and energy sector and its successful transition to clean energy will likely ensure that it remains an industry leader. Investments in sustainable energy and expanding charging infrastructure for electric vehicles and hydrogen will be crucial in further increasing long-term share price growth.
Our analysis shows that the share price is expected to be between Rs 1675 and Rs 2050.
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2050 | 1,675 | 2,050 |
| Month | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| January | 1,675 | 1,725 |
| February | 1,700 | 1,750 |
| March | 1,725 | 1,775 |
| April | 1,750 | 1,800 |
| May | 1,775 | 1,825 |
| June | 1,800 | 1,850 |
| July | 1,825 | 1,875 |
| August | 1,850 | 1,900 |
| September | 1,875 | 1,925 |
| October | 1,900 | 1,950 |
| November | 1,925 | 2,000 |
| December | 1,950 | 2,050 |
| Year | Minimum Price (Rs) | Maximum Price (Rs) |
|---|---|---|
| 2025 | 2,250 | 4,750 |
| 2026 | 2,400 | 4,750 |
| 2030 | 2,500 | 3,900 |
| 2040 | 6,800 | 8,900 |
| 2050 | 1,675 | 2,050 |
| Shareholding Category | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|
| Promoters | 51.50% | 51.50% | 51.50% | 51.50% |
| FIIs | 7.43% | 7.90% | 7.79% | 8.49% |
| DIIs | 10.08% | 10.43% | 10.04% | 10.23% |
| Government | 19.57% | 19.57% | 19.57% | 19.57% |
| Public | 11.39% | 10.59% | 11.07% | 10.18% |
| No. of Shareholders | 30,82,717 | 27,81,746 | 27,29,165 | 24,28,561 |
MRPL Share Price Target 2025, 2026, 2030, 2040, 2050
Should I Buy IOC Stock?
The promoters of IOC hold 51.5% of the shares, while public and institutional investors also hold significant stakes. Both foreign institutional investors (FIIs and DIIs) and domestic institutional investors investing in this company indicate stability, so it could be time to buy IOC shares; remember to do your homework before deciding!
Indian Oil Corporation Ltd Earning Results (Financials)
| Metric | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
| Sales | 761,485 | 776,352 | 841,756 | 589,321 | 363,950 |
| Expenses | 728,555 | 700,706 | 811,073 | 541,563 | 324,021 |
| Operating Profit | 32,930 | 75,646 | 30,683 | 47,758 | 39,929 |
| OPM % | 4% | 10% | 4% | 8% | 11% |
| Other Income | 7,285 | 5,389 | 5,124 | 4,332 | 4,696 |
| Interest | 9,231 | 7,881 | 7,588 | 5,454 | 2,933 |
| Depreciation | 16,546 | 15,866 | 13,181 | 12,348 | 10,941 |
| Profit before tax | 14,438 | 57,288 | 15,038 | 34,289 | 30,751 |
| Tax % | 25% | 22% | 25% | 29% | |
| Net Profit | 10,909 | 43,161 | 11,704 | 25,727 | 21,762 |
| EPS in Rs | 7.53 | 29.55 | 6.93 | 17.78 | 15.32 |
| Dividend Payout % | 40% | 42% | 46% | 51% |
Expert Forecasts On The Future Of Indian Oil Corporation Ltd
The future prospects of the IOC are good, as turnover and profit are expected to increase steadily. Experts believe that IOC’s strong sales growth and efficient cost control will drive performance. IOC’s solid fundamentals and market leadership will keep the company at the top, benefiting investors.
Is IOC Stock Good to Buy? (Bull case & Bear case)
Bullish Case:
- Strong promoter participation.
- Steady growth in sales and profits.
- Government support as PSU.
- Good dividend payouts.
Bearish Case:
- Fluctuating oil prices can affect profits.
- High competition in the energy sector.
- Market fluctuations and regulatory changes.
Conclusion
IOC is an established player in the Indian energy sector with an excellent track record in refining, distribution and retail. While price volatility poses a short-term challenge to IOC’s long-term prospects, its ongoing expansion plans and government support offer long-term stability – an attractive prospect for those seeking steady growth. If you’re considering an investment, you should read the full article for details about the company’s performance and future stock projections.
