Indian Oil Share Price

Indian Oil Corporation Limited is the largest Indian oil refining and marketing company. The company operates i͏n the energy industry and is involved in the refining of crude oil, the transportation of products via pipelines, selling petroleum products through a wide network of retail outlets and the production of petrochemical products. Its operations cover refining, pipeline transportation and fuel marketing, makes IOC a key player in India’s downstream energy sector. IOC share price on the NSE and BSE indicates how investors perceive the company performance within the broader oil and energy industry. 

IOC stock ͏price is influenced by energy-industry-specific factors such as world crude oil prices, refining margins, ͏and supply chain issues. Fluctuations in crude oil ͏prices directly impact the company’s production costs and refining margins, and changes in product margins impact overall earnings power. 

IOC live price now provides you with the latest information on last traded price, bid and ask quotes along with the trading volume. These are indications of market interest and liquidity and reveal how the stock reacts to earnings announcements, crude price trends and geopolitical developments. Real-time share price information enables obeservers to observe short-term volatility and to gauge how IOC’s stock performs against broader market indices. 

Additionally, you may also view the IOC share price today to track its performance against other listed energy and petroleum refining companies and applicable market benchmarks. This comparison demonstrates how IOC’s stock moves within the energy sector and relative to the overall equity market. 

Indian Oil Corporation Limited Company Fundamentals 

IOC Company Background 

Indian Oil Corporation Limited was originally incorporated as Indian Oil Company Ltd. on 30 June 1959, and its operations began shortly thereafter as a national oil marketing and logistics entity in India. On 1 September 1964, following the merger with Indian Refineries Ltd., the company was renamed Indian Oil Corporation Limited (IOCL), forming an integrated energy major engaged in refining, pipeline transportation, and marketing of petroleum products. Since its inception, Indian Oil Corporation Limited has played a central role in supporting India’s energy journey. The company is engaged in refining, pipeline transportation, and marketing, Indian Oil Corporation Ltd. Ranked 127th on the Fortune Global 500, Indian Oil is the country’s highest-ranked energy PSU. It operates over 40,000 fuel stations and more than 63,000 customer touchpoints nationwide.  

The company serves nearly 3.2 crore customers daily, refills over 27 lakh LPG cylinders every day, and fuels around 2,800 flights across 130 airports. Backed by almost 20,000 km of pipelines, Indian Oil ensures uninterrupted energy supply. With strong participation in Ujjwala Yojana and investments in green hydrogen, biofuels, and alternative energy, Indian Oil continues to follow a nation-first, future-focused approach. 

IOC Company Product Lines 

Petroleum Fuels & Fuel Products 

• Petrol (Motor Spirit / Gasoline) – regular & premium (e.g., XtraPremium, XP95, XP100) 
• Diesel – regular & premium (e.g., XtraMile) 
• Kerosene (domestic and industrial use) 
• Naphtha (raw petrochemical feedstock) 
• Furnace Oil (various grades) 
• Bitumen (road and industrial use) 

 Petrochemicals 

• Linear Alkyl Benzene (LAB) – Gujarat Refinery 
• Paraxylene / Purified Terephthalic Acid (PX/PTA) – Panipat 
• Polypropylene (PP) – Panipat & Paradip 
• Homopolymers, BOPP, TQ Film, fibers & filament, extrusion coating 
• Polyethylene (HDPE, LDPE, LLDPE) 
• Mono Ethylene Glycol (MEG) 
• Butadiene & Butene 
• Aromatics & other chemical intermediates for detergents, textiles, packaging, plastics 
• Export to 76 countries, integrated logistics network 

Exploration & Production (E&P) 

• Domestic: 14 assets (participation 3–100%), producing and non-producing blocks 
• Overseas: 10 assets – Libya, Nigeria, USA, Venezuela, Canada, Russia, Oman, UAE 
• CBM gas production in Jharkhand (BK-CBM, NK-CBM) 
• Acquired Mercator Petroleum Limited – Block CB-ONN-2005/9 (Cambay Basin, Gujarat) 

ANWESHAN: in-house data interpretation centre for operated & non-operated assets 

LNG & Natural Gas Value Chain 

• LNG import terminals: Dahej, Kochi, Kamarajar Port (Ennore) 
• LNG regasification capacity: 13.18 MMTPA across multiple terminals 
• Long-term and spot LNG procurement: ADNOC, TotalEnergies, QatarEnergy 
• Cross-country pipelines: Dadri–Panipat, Dahej–Koyali, MBBVPL, MBPL, BJSPL 
• “LNG at Doorstep”: on-site LNG re-gasification for off-grid customers 
• City Gas Distribution (CGD) via joint ventures: Green Gas Ltd. & IOAGPL 

Cryogenics 

• Cryocans (0.5–55 L) – biological samples, bull semen, stem cells, IVF clinics, dermatology 
• Small Industrial Cryogenic Vessels (110–1000 L) 
• Medium & Large Cryogenic Vessels (1000–1,50,000 L) 
• Cryogenic Transport Vessels (500–46,000 L) – LNG, LOX, LIN, LAR 
• Pressure Vessels (Carbon Steel, Stainless Steel) – up to 1,00,000 L capacity 
• Turnkey specialized projects: LOX storage & delivery, PLC/SCADA/DCS systems 

Aviation Equipment & Fuel Handling 

• Aviation Refuellers (6KL–40KL) 
• Aviation Hydrant Dispensers 
• Containerized Aviation Fuel Tanks (15KL, 35KL) 
• Pit Cleaning Refuelling Units 
• Heavy Duty & Portable Refuelling Skids 

Pipelines & Transport Infrastructure 

• 20,000+ km network of crude oil, petroleum product, and natural gas pipelines 
• Capacity: ~130 MMT per year oil, ~49 MSCMD gas 
• EPMC services for pipeline projects 
• Recent expansions: Paradip–Hyderabad pipeline, Bhubaneswar ATF pipeline 

IOC Company Revenue Model 

Indian Oil Corporation Limited generates revenue through integrated operations involving production, supply, and distribution of energy products. 

• Domestic fuel sales 
• Export of petrochemical products 
• LPG and gas distribution 
• Retail outlets and aviation fuel services 

IOC Geographic Presence 

Indian Oil has a pan-India presence and serves customers across every Indian state and union territory—from Kashmir in the north to Kanyakumari in the south and from the western deserts to the eastern hills. It operates its products and services across the entire country through its extensive infrastructure. 

• Fuel Retail Network: 
  • Over 40,000 fuel stations nationwide serving millions of customers daily. 
  • Includes urban outlets, highway stations, and Kisan Seva Kendras in rural areas. 
• LPG Distribution: 
  • Indane LPG brand with millions of connections served through thousands of distributors across India. 
• Natural Gas & CNG/PNG: 
  • Extensive distribution networks of CNG stations and PNG supply to homes and industries. 
• Cross-Country Pipelines: 
  • Over 20,000 km of crude oil, petroleum product, and gas pipelines connecting key production, refining, and consumption centers nationwide. 

Refineries and Major Operational Hubs (India) 

IndianOil operates multiple refining complexes strategically placed to serve regional energy needs: 

• Digboi Refinery – Assam 
• Barauni Refinery – Bihar 
• Gujarat Refinery – Vadodara, Gujarat 
• Guwahati Refinery – Assam 
• Haldia Refinery – West Bengal 
• Mathura Refinery – Uttar Pradesh 
• Panipat Refinery & Petrochemical Complex – Haryana 
• Bongaigaon Refinery – Assam 
• Paradip Refinery – Odisha 

Corporate & Strategic Centers 

• Corporate Office: New Delhi (Headquarters) 
• Registered Office: Mumbai 
• R&D Centre: Near Faridabad, Haryana – one of Asia’s major energy research hubs 

International Presence 

IndianOil’s global footprint spans Africa, Middle East, Europe, North America, and Asia through subsidiaries, joint ventures, offices, and E&P assets. 

IOC Key Milestones 

• 1959: Indian Oil Company Limited established. 
• 1964: Merger with Indian Refineries Limited. 
• 1964: Nationalized and renamed Indian Oil Corporation Limited. 
• 1965: Ventured into LPG sector with brand name “Indane.” 
• 1992: Developed 82 lubricant formulations; created fuel-efficient hurricane lantern. 
• 1993: Implemented Computer Remote Automatic LPG Filling System (RALFS) at Calcutta bottling plant. 
• 1996: SERVO expanded globally; joint ventures with Indian Oil Tanking Ltd and Petronet India Ltd. 
• 2003: Railways partnered for bio-diesel; MoU with Tata Motors; crude import pact with BP; launched ‘bagful of offers’ campaign; $100M oil import financing from BNP Paribas. 
• 2009: Ranked 105th in Fortune Global 500; MoU Excellence Award; City Gas Distribution MoU with Adani Energy; MoU with PA LLC, Florida. 
• 2017: Plans for 28 petrol outlets and ethanol plant; second-generation ethanol plant in Panipat; deal with LanzaTech for off-gas-to-bioethanol unit. 
• 2018: Becomes most profitable government corporation. 
• 2022: Wins Global Healthy Workplace Award; launches 3rd phase of “Parivartan-Prison to Pride”; MoU with National Tiger Conservation Authority; agreement with NTPC for renewable energy; first Oil Marketing Company in India to produce AVGAS 100 LL; removed from Nifty 50 index by Apollo Hospitals. 

Leadership 

Some of the key leaders of IndianOil, as of January 2026 are – 

• Shri A S Sahney – Chairman 
• Shri Anuj Jain – Director (Finance) 
• Dr. Alok Sharma – Director (Research and Development) 
• Ms. Rashmi Govil – Director (Human Resources) 
• Shri Arvind Kumar – Director (Refineries) 
• Shri Suman Kumar – Director (Planning & Business Development) 
• Shri Saumitra Priya Srivastava – Director (Marketing) 

IOC Industry Perspective 

India’s oil and gas industry plays a central role in supporting transport, industry, power generation, and household energy needs. In 2024, the sector recorded an estimated market size of about USD 336.9 billion and grew at a CAGR of roughly 4.3% between 2019 and 2024. Forecasts suggest the market could expand at around 5.0% CAGR between 2025 and 2030, driven by rising fuel consumption and infrastructure growth. 

Petroleum product demand is expected to grow at about 5.37% CAGR from 2025 to 2030, while India’s crude oil demand may increase by nearly 37% by 2035. Natural gas consumption could rise by close to 60% by 2030 as pipeline and city gas networks expand. India’s refining capacity reached about 258.1 MMTPA by FY25 and is expected to rise further through planned expansions. Despite this, India imports over 85% of its crude oil, keeping energy security a key policy focus. 

IOC will benefit from rising fuel demand, higher refining throughput, expanding pipeline infrastructure, and growth in natural gas and petrochemicals. Capacity additions support higher volumes, while wider gas adoption supports diversification. Infrastructure investments and supply-chain integration improve operational stability and allow IOC to serve expanding domestic and export markets efficiently. 

Indian Oil Corporation Limited Stock Market Presence: Listings & Index Representation 

Indian Oil Corporation Limited is a prominent company in the Indian stock market, listed on major exchanges such as NSE (IOC) and BSE (530965). Its presence on these principal exchanges ensures that investors can observe and trade the company’s shares within India’s primary equity markets.  

IOC’s stock forms part of several key market indices that represent broader industry and economy segments. It is included in indices such as Nifty Next 50, Nifty 100, Nifty 200, Nifty 500, Nifty Energy, Nifty Infrastructure, Nifty PSE, and Nifty Oil & Gas. Inclusion in these indices reflects the company’s scale within its sector and its integration into benchmarks that track large, mid, and sector-specific stocks in the Indian market.  

Listing on the NSE and BSE provides consistent market visibility and liquidity. Representation across multiple indices, especially sector-focused ones like Nifty Energy and Nifty Oil & Gas, allows the stock to be part of broader investment and benchmarking activities related to the energy and infrastructure segments of the equity market. 

Indian Oil Corporation Limited Stock Performance and Share Price History 

Indian Oil Corporation Limited (IOC) stock performance reflects the trading patterns of one of India’s largest integrated oil and gas companies. The company’s operations across refining, pipelines, marketing, and natural gas distribution have shaped its share price history. Over the years, IOC shares have shown periods of sharp growth, volatility, and recovery, driven by global crude prices, refining margins, domestic fuel demand, and government pricing policies. 

 The early 2000s saw strong gains in IOC stock, particularly between 2003 and 2007, when the company benefited from rising global oil prices and expansion of refining and pipeline infrastructure. In 2008, the stock experienced significant volatility with a sharp decline of 44.49% due to the global financial crisis and falling oil demand, followed by a strong recovery of 43.81% in 2009 as energy markets stabilized. Between 2010 and 2014, IOC delivered high-return years, including 63.44% growth in 2014, supported by robust operational performance and gradual expansion of refining capacity. 

The period from 2015 to 2018 witnessed mixed performance. While refining margin volatility and fluctuating crude prices caused a decline of 21.74% in 2018, other years such as 2016 saw a substantial gain of 54.55%, reflecting higher oil demand and operational efficiencies. From 2019 onwards, IOC stock experienced moderate movements, with a sharp recovery of 80.46% in 2023 following improved refining margins and increased fuel consumption, alongside moderate gains of 19.50% in 2025. 

IOC’s stock performance over decades also mirrors global energy cycles, domestic policy changes, and sector-specific developments.  

Long-term investors can observe meaningful wealth creation over time, marked by periods of rapid growth during oil price booms, operational expansion, and capacity additions, as well as periods of correction during global crude price declines or geopolitical uncertainties. IOC stock history demonstrates resilience amid market fluctuations, reflecting the company’s integrated operations and strategic role within India’s energy sector. 

Indian Oil Corporation Limited Investor Relevance and Portfolio Role 

Indian Oil Corporation Limited forms a core holding within energy, commodities, and public-sector enterprise portfolios, offering exposure to refining, fuel marketing, pipelines, petrochemicals, and natural gas distribution. Its inclusion in sector-focused indices such as Nifty Energy, Nifty Oil & Gas, and Nifty PSE reflects its scale within India’s energy system and its link to fuel consumption, infrastructure development, and industrial activity. Portfolio managers use IOC equity to represent downstream energy exposure within broader diversified allocations. 

IOC equity is held by a wide mix of domestic and global institutional investors, reflecting its role within India’s public-sector and energy investment landscape. Major institutional holders include India, Oil and Natural Gas Corporation Limited, Life Insurance Corporation of India, Oil India Limited, IOC Shares Trust, ICICI Prudential Asset Management Company Limited, SBI Funds Management Limited, BlackRock, The Vanguard Group, and Kotak Mahindra Asset Management Company Limited. 

Prominent mutual fund and global fund holders include SBI Mutual Fund, Vanguard STAR Funds – Vanguard Total International Stock ETF, SBI Energy Opportunities Fund, ICICI Prudential Energy Opportunities Fund, Vanguard FTSE Emerging Markets ETF, Government Pension Fund Global, SBI Contra Fund, Kotak Flexicap Fund, iShares Core MSCI Emerging Markets ETF, and Vanguard Fiduciary Trust Company Institutional. This ownership profile shows how the stock remains integrated into both domestic sector funds and global emerging market portfolios. 

Beyond ownership, market participants actively track IOC in derivatives markets, where open interest, rollover behaviour, and F&O quotes reflect positioning around crude price trends, refining margins, government fuel policies, and earnings cycles. Futures and options activity often increases ahead of quarterly results, changes in global oil benchmarks, or policy announcements affecting fuel pricing. 

Technical indicators such as IOC RSI, MACD, and MFI provide visibility into short-term price momentum and trading activity. These indicators support monitoring of sentiment and volatility, particularly during periods of high sector movement or macro-driven price changes. 

IOC beta values show how the stock behaves relative to the broader market across timeframes. The long-term beta stands at 1.45. The daily one-month range shows 0.451, while the daily three-month range stands at 0.751. These figures show how IOC’s volatility varies across short-term and long-term market cycles, reflecting sensitivity to energy prices, sector shifts, and macroeconomic changes. 

Indian Oil Corporation Ltd. Sectoral Relevance and Peer Positioning 

Indian Oil Corporation Ltd. derives its sector relevance from its scale across refining, fuel marketing, pipelines, petrochemicals, and gas distribution, placing it at the centre of India’s downstream energy system. Peer comparisons with Bharat Petroleum Corporation, Hindustan Petroleum Corporation, Reliance Industries (refining segment), and global refiners focus on refining capacity, crude throughput, marketing volumes, pipeline length, and integration across the value chain rather than short-term stock movements. These benchmarks allow consistent assessment of operational scale, asset intensity, and sector alignment within the oil and gas ecosystem. Institutional tracking of refining margins, fuel demand, inventory cycles, and policy-linked pricing further reflects IOC’s positioning within India’s energy markets. 

IOC’s sectoral role also appears clearly in its financial and market metrics, which reflect its size, cyclicality, and economic linkage to global energy trends. 

Indian Oil P/E ratio shows how the market has valued the company’s earnings relative to refining margins, fuel marketing profitability, and sector cycles. The P/E ratio moved across wide ranges over time, reflecting earnings volatility linked to crude prices and inventory gains or losses. The ratio stood at 5.25 in 2024, rose to 13.0 in 2025, and reached a trailing twelve-month level of 17.2 as of December 2025. Earlier years showed sharper fluctuations, including 9.37 in 2023, 3.59 in 2022, 2.99 in 2021, and a negative reading in 2020. These shifts aligned with the company’s earnings cycle and broader energy market conditions. 

Alongside valuation, Indian Oil EPS shows income generation from refining, marketing, and petrochemical operations. EPS increased to ₹32.67 in 2024 following ₹7.78 in 2023, then eased to ₹10.38 in 2025 and ₹8.93 on a TTM basis, reflecting normalisation after an unusually strong earnings year. Earlier periods showed wide movement, including ₹21.58 in 2022, ₹19.29 in 2021, and -₹0.77 in 2020, highlighting the sector’s sensitivity to price cycles and inventory effects. 

Indian Oil market cap reflects its prominence within India’s listed energy space. As of December 2025, the company recorded a market capitalisation of ₹2.287 trillion, ranking among the largest publicly traded energy companies globally. Market cap expanded from ₹1.932 trillion in 2024 and ₹1.789 trillion in 2023, compared with ₹1.080 trillion in 2022 and ₹1.049 trillion in 2021. Over the longer term, market cap increased from ₹806.68 billion in 2014 to ₹2.287 trillion in 2025, showing how scale, capacity expansion, and sector recovery influenced valuation. 

Finally, Indian Oil’s earnings trajectory shows the cyclic nature of energy-sector profitability. Earnings reached ₹636.26 billion in 2023, following ₹111.70 billion in 2022 and ₹358.66 billion in 2021, before adjusting to ₹144.38 billion in 2024 and ₹209.72 billion on a TTM basis in 2025. Earlier years recorded ₹253.34 billion in 2018, ₹191.60 billion in 2019, and ₹19.65 billion in 2020, reflecting sharp swings driven by crude price movements, inventory valuation, and global demand changes. These patterns reflect the structural cyclicality of refining and fuel marketing within the energy sector. 

Summary 

Indian Oil Corporation Limited remains closely linked to India’s energy demand, refining capacity, fuel distribution, and policy environment. Its integrated operations across refining, pipelines, marketing, and petrochemicals shape long-term performance and market perception. Movements in crude prices, margins, demand trends, and regulations continue to influence earnings and valuation cycles. Within this framework, the IOC share price reflects sector dynamics rather than isolated company events, offering a clear lens into how energy markets, infrastructure growth, and macroeconomic shifts interact over time.