IOC Indian Oil Corporation Share Price Target 2022 2023 2025 2030

IOC Indian Oil Corporation Share Price Target

Mkt cap 1.25LCr

About IOC (Indian Oil Corporation) :

Indian Oil Corporation Ltd. was incorporated in the year 1959. Its today’s share price is 132.55. Its current market capitalisation stands at Rs 124784.68 Cr. In the latest quarter, company has reported Gross Sales of Rs. 5250946 Cr and Total Income of Rs.3901403.6 Cr. The company’s management includes Kamal Kumar Gwalani, Lata Usendi, Indrani Kaushal, Navneet Mohan Kothari, SK Gupta, Ranjan Kumar Mohapatra, SSV Ramakumar, SM Vaidya.

52-wk high 140.00
52-wk low 76.85
P/E ratio 4.78
Div yield 9.04%

About IOC (Indian Oil Corporation) Share :

  • Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 124,784.68 Crore) operating in Gas & Petroleum sector.
  • Indian Oil Corporation Ltd. key Products/Revenue Segments include Petroleum Refinery Products, Other Operating Revenue, Other Services, Sale of services, Scrap and Subsidy for the year ending 31-Mar-2021.
  • For the quarter ended 30-09-2021, the company has reported a Consolidated Total Income of Rs 172,646.31 Crore, up 9.95 % from last quarter Total Income of Rs 157,018.41 Crore and up 108.35 % from last year same quarter Total Income of Rs 82,862.42 Crore.
  • Company has reported net profit after tax of Rs 5,813.41 Crore in latest quarter.
  • The company’s top management includes Mr.Shrikant Madhav Vaidya, Mr.G K Satish, Dr.S S V Ramakumar, Mr.Ranjan Kumar Mohapatra, Mr.Sandeep Kumar Gupta, Ms.Lata Usendi, Mr.Navneet Mohan Kothari, Ms.Indrani Kaushal.

IOC Share Price Target 2021 Q4

  • November 2021 – 135.20 Rs
  • December 2021 – 133.50 Rs

 

IOC share price target 2022

  1. 2022 Jan – 149.00 Rs
  2. 2022 Feb – 150.10 Rs
  3. 2022 Mar – 155.50 Rs
  4. 2022 Apr – 142.10 Rs
  5. 2022 May – 167.65 Rs
  6. 2022 Jun –  160.35 Rs
  7. 2022 Jul –  162.15 Rs
  8. 2022 Aug – 167.05 Rs
  9. 2022 Sep –  168.89 Rs
  10. 2022 Oct – 170.35 Rs
  11. 2022 Nov –  165.95 Rs
  12. 2022 Dec –  171.26 Rs

IOC share price target 2023  – 162.25 Rs 

IOC share price target 2024 –  189.15 Rs

IOC share price target 2025 –  211.50 Rs

IOC share price target 2026 –  230.30 Rs

IOC share price target 2027 –  278.35 Rs

IOC share price target 2028 – 315.20 Rs

IOC share price target 2029 – 390. 80 Rs

IOC share price target 2030 – 425.00 Rs

 

IOC Share Price Target 2021

If the country’s well-known stock brokerage Motilal Oswal is to be believed, according to him, the attractive margin of 10% that the company has achieved is the result of disinvestment by BPCL in IOC. In addition, IOC shares should be bought with a price target of ₹157.

Further, according to Emkay Global, the refinery utilization was 90% in the month of July. In which IOC did a lot of business, as the IOC-Petronas joint venture seeks to expand into several areas, including transportation fuels.

Therefore the business of Indian Oil Corporation will increase further and you can get to see IOC Share Price Target 2021 around Rs 130.

 

IOC Share Price Target 2022

Since the way the company has got the margin and the way its share price has increased in the last year. Looking at that, we can estimate that by the end of FY 2022, IOC Share Price Target 2022, you can get to see the first target of Rs 130 and the second target Rs 150.

IOC Share Price Target 2025

On the possibility of increasing IOC share price in future, Motilal Oswal says that the company is going to operate many projects, which will start in the next 3 years.

Therefore, you will see more growth in its business as a result of investment by the company by 2025. From which we can estimate that in IOC Share Price Target 2025, the first target can go beyond Rs 350 and the second target Rs 390.

IOC Share Price Target 2030

The company has also invested in new areas of energy, including aluminum air batteries (a joint venture with Israel-based Phinergy) and hydrogen, and new areas including used cooking oil and CBG plants.

Apart from this, the company says that they will also run hydrogen-powered buses in cities like Delhi Agra. Apart from this, it wants to set up Green Hydrogen Plant in Mathura Refinery. The IOC has also been invited to the World Hydrogen Council.

Looking at the investments made by the company in new areas of energy, we can predict that the company will grow a lot in the coming 10 years.

So there is every possibility that in 2030 IOC Share Price Target may cross the price target of Rs 1100 with the first target around Rs 800 and the second target.

 

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IOC Share Future

Looking at the analysis of the balance sheet of IOC, it can be said that the way the company is investing in new areas. This shows that the company does not have any kind of problem related to money.

The business fundamentals of the company are very good and it has a good Retail Fuel Network. Also, looking at the way the company is receiving dividends and its past track record, it can be said that the company is absolutely right to invest.

Let us tell you that Indian Oil Corporation Limited is the largest oil producing company in India, which has strong support from the central government.

Apart from this, the company is well advertised and branded and it is a recognized brand. So you can place its stocks in your portfolio.

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