What is the main business of IOC?
1.Refining, Pipelines and Marketing
As one of India’s leading downstream oil and gas Companies, ioc continue to broaden their range offerings and introduce innovative energy solutions. ioc Pipelines Division reached a major milestone in 2023-24, with the completion of the largest-ever pipeline expansion, showcasing their dedication to strengthening their infrastructure and extending their coverage. Concurrently, they are enhancing their petroleum marketing and distribution network to fortify their leadership and gain market share.
2.Natural Gas
Foraying into the natural gas domain since 2004, they have emerged as a major player, investing in LNG sourcing, import terminals, cross-country pipelines and City Gas Distribution (CGD) networks. With a sharper focus on reliability and sustainability, they are committed to expanding our reach and ensuring a steady supply of clean energy nationwide.
3.Petrochemicals
riven by their ambition to lead the petrochemical market in India, they are intensifying their downstream operations and expanding globally. With significant investments planned, the aim to leverage existing refinery streams for petrochemical production, positioning theyselves among Southeast Asia’s front- runner in the long run.
Pioneering Future Mobility
Company is also making significant strides in the realm of electric mobility, underpinning their drive to greener transportation solutions. As of June 2024, they have commissioned 10,028 EV charging stations, which constitute 59.7% of all EV charging stations in the country. Additionally, battery swapping services are available at 99 fuel stations, providing flexible and efficient solutions for electric vehicle users. This expansion aims to enhance the accessibility and convenience of EV charging infrastructure, to support the growing adoption of electric vehicles across the country.
Financial Analysis
(Data as of date : November, 2024 )
| Market Cap | ₹ 1,95,762.73 Cr |
| No. of Shares | 1,412.12 Cr. |
| P/E | 12.45 |
| P/B | 1.12 |
| Div. Yield | 8.65 % |
| DEBT | ₹ 1,16,495.74 Cr. |
| Promoter Holding | 51.5 % |
| ROE | 25.44 % |
Shareholding Pattern
- Promoter 51.5%
- DII 30.01%
- FII 7.9%
- Public 10.6%
Profit & Loss
(All Figures in Cr. Adjusted EPS in Rs.)
| Year | 2020 | 2021 | 2022 | 2023 | 2024 |
| Net Sales | 4,89,305.21 | 3,84,762.56 | 5,98,149.21 | 8,39,472.20 | 7,74,348.59 |
| Profit Before Tax | -3,694.11 | 29,715.65 | 31,733.07 | 9,698.14 | 52,344.21 |
| Net Profit | 1,313.23 | 21,836.04 | 24,184.10 | 8,241.82 | 39,618.84 |
| Adjusted EPS (Rs.) | 0.95 | 15.86 | 17.56 | 5.98 | 28.77 |
- Company has shown a good profit growth of 21.97% for the Past 3 years.
- The company has shown a good revenue growth of 26.25% for the Past 3 years.
- Company has a healthy Interest coverage ratio of 8.11.
- Company’s PEG ratio is 0.03.
- The company has a high promoter holding of 51.50%.
Indian oil – Steering India’s Green Mobility
- Operating 15 hydrogen buses in Delhi-NCR that emit only water vapour.
- Indian oil refineries to set-up green hydrogen plants.
- Leading the SATAT initiative, biofuels as a sustainable automotive option.
- Leading the charge in e-mobility with EV charging station, aluminium batteries, battery swapping, lithium-iron cells.
- First indian company to launch a commercial CBG(Compress Biogas) brand, indigreen.
They are also exploring a broad spectrum of green transition pathways. their cliyer cearing vision aligns with the nation’s blueprint for a just and equitable transition to a low-carbon future with an aim to achieve Net-Zero emissions by 2070 To strengthen a circular economy, they are driving resource efficiency and minimising the impact of our operations on the natural environment.
Demonstration of 15 Green Hydrogen PEM fuel cell buses in Delhi NCR and the establishment of
hydrogen refuelling infrastructure for FC electric
Deployment of fuel cell buses across the country for various functional streams, including Défense Forces (Army, Navy, Air Force), tourism, airline operations, and State Transport Undertakings (STUs) buses at iconic routes.
Water Management
Water management is a crucial concern for their Company, reflecting they commitment to responsible resource utilisation. As they navigate the challenges posed by water scarcity and escalating environmental pressures, they recognise the need to adopt proactive measures
to safeguard this precious resource.
Alternative Energy
During the year, the Company achieved highest ever renewable power generation of 401.50 Million units leading to mitigation of 368.98 TMT of CO2 equivalent emissions through its portfolio of
246.94 MW of Renewable Energy, which consists of 167.60 MW of wind capacity and 79.34 MW of solar photo voltaic capacity as on March 31, 2024.
The Company aims to set up 30 CBG Plants across India through Joint Venture Companies to achieve its Renewable Energy aspirations as well as Net-Zero operational emissions 2046 targets. The Company is also associating with State Agriculture Universities (Punjab, Raipur, Himachal Pradesh, Madhya Pradesh) for undertaking multi location field trials of Fermented Organic Manure to establish its efficacy and role in yield improvement.
The Company has initiated 21 Expression of Interests (EoIs) to procure Biodiesel derived from Used Cooking Oil (UCO) in 2 phases, aiming to explore Biofuel for blending purposes. As of March 31, 2024, the Company has issued 31 LOIs for the establishment of Biodiesel plants, with an annual cumulative
capacity of 23.5 Crore Liters.
Share Holder Dividend
During the year, the Company declared Interim Dividend of ₹ 5 per share in the month of October, 2023 which was paid to the eligible members within the stipulated period of 30 days as provided under the Companies Act 2013.
In addition, a final dividend of H 7 per share, as recommended by the Board of Directors, subject to approval of the members of the Company at the AGM, shall be paid to the eligible members within the stipulated period of 30 days, after the AGM, as provided under the Companies Act, 2013.
Management’s Discussion & Analysis
India, the world’s 3 rd largest energy consumer, recorded a 7.3% y-o-y increase in its energy demand, in 2023, much above its ten years’ average of 4.2%.
India’s power demand rose by 7.6% in 2023-24, more than double the 5-year pre-pandemic average (2015-16 to 2019-20) of 3.7%. In addition to resilient economic activity, sub-par and uneven monsoon and heatwaves also drove up electricity demand. In 2023-24, India’s installed power generation capacity increased by 26 GW to 442 GW of which 18.5 GW was of renewable energy (excluding large
hydropower), which was a new high for renewable energy capacity addition in the country. The Government of India and State Governments have demonstrated strong support for the renewable energy sector by establishing policies to support growth and setting ambitious renewable energy
targets.
To become an integrated and resilient company of the future, the Company entered Exploration & Production and Petrochemicals business over two decades ago. The journey continued with sizeable investments in the supply chain of the cleanest hydrocarbon i.e., natural gas. Today, the Company has created significant portfolios in each of these and opportunities ahead in terms of growth prospects and policy support. The importance of these business lines to overall vitality of the Company are driving future growth in these areas.
The Company has a well-balanced sourcing strategy consisting a mix of long-term contract and spot purchase to ensure affordable supplies and mitigate price fluctuations. In this context, the Company has secured deals with ADNOC (HOA signed) and TotalEnergies (SPA signed) for long term supplies beginning from 2026.
Indian Oil Energy Brands
President Of India
- President Of India Holdings In IOC 1,00,814.51 Cr.
- The End
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