Indian Oil Corporation Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
Indian Oil Corporation Limited (IOCL), is among the largest companies with a market share of 44.6%. IndianOil was established as a PSU in 1964 when Indian Oil Company Ltd and Indian Refineries Ltd were merged. Headquartered in New Delhi, IOCL is owned by the Government of India’s Ministry of Petroleum and Natural Gas. The current chairman is A S Sahney. In addition to seeking new energy options, IOCL boasts an extensive network of more than 61,000 customer touchpoints across India. IndianOil has setup a bold objective to reach Net-Zero Emissions by 2046, aligning with India’s wider vision for 2070. The firm maintains a global foothold in Asia across Nepal, Sri Lanka, the Maldives, the Middle East, as well as in Europe and the USA.
Incorporation Year: 1959
Headquarters: New Delhi, India
Top Management: Government of India
Industry: Gas Distribution
Website: iocl.com
Featured In Fortune India Ranking
Fortune 500 India
#3(2024)
#2(2023)
#3(2022)
#3(2021)
#2(2020)
#2(2019)
#1(2018)
#1(2017)
#1(2016)
#1(2015)
#1(2014)
#1(2013)
#1(2012)
#1(2011)
#1(2010)
#3(2024)#2(2023)#3(2022)#3(2021)#2(2020)#2(2019)#1(2018)#1(2017)#1(2016)#1(2015)#1(2014)#1(2013)#1(2012)#1(2011)#1(2010)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
780,509
(INR Cr)
Net Operating Income
776,352
(INR Cr)
Assets
326,519
(INR Cr)
Profit
41,730
(INR Cr)
Net Worth
183,416
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 780509 -8.5% | 853210 37.4% | 620974 65.7% | 374828 -24.0% | 493317 -7.9% | 535802 26.3% | 424361 13.2% | 374973 8.3% | 346263 -23.4% | 451911 -9.8% | 500963 5.3% | 475821 13.2% | 420287 30.1% | 323123 21.3% | 266299 -8.5% | 291076 - |
| Net Operating Income (INR Cr) | 776352 -7.77% | 841756 39.61% | 602931 65.66% | 363950 -24.77% | 483763 -8.41% | 528158 25.31% | 421492 18.60% | 355379 2.70% | 346045 -24.09% | 455890 -7.81% | 494528 5.93% | 466837 12.94% | 413358 31.62% | 314062 23.91% | 253457 -12.20% | 288670 25.59% |
| Profit (INR Cr) | 41730 326.2% | 9792 -61.0% | 25102 16.0% | 21638 - | -893 - | 17377 -21.7% | 22189 11.8% | 19849 65.1% | 12022 144.8% | 4912 -30.7% | 7086 59.3% | 4449 5.3% | 4226 -46.0% | 7831 -26.9% | 10713 312.1% | 2599 - |
| Assets (INR Cr) | 326519 9.8% | 297468 9.3% | 272142 16.1% | 234491 1.7% | 230499 6.9% | 215539 15.9% | 185993 8.3% | 171712 0.6% | 170779 11.9% | 152574 -14.4% | 178134 7.4% | 165844 8.7% | 152540 29.3% | 117969 13.7% | 103768 9.9% | 94424 - |
| Net Worth (INR Cr) | 183416 31.3% | 139720 4.6% | 133535 19.4% | 111838 17.2% | 95398 -15.2% | 112469 -1.2% | 113874 11.5% | 102096 13.5% | 89980 30.7% | 68832 1.4% | 67913 7.7% | 63037 4.4% | 60373 4.9% | 57575 9.8% | 52462 15.4% | 45483 4.3% |
| Employee Cost (INR Cr) | 11671 24.7% | 9359 -19.2% | 11583 2.4% | 11309 21.1% | 9337 -19.5% | 11596 8.6% | 10681 4.1% | 10263 36.8% | 7502 -2.1% | 7662 7.4% | 7137 -8.3% | 7784 47.0% | 5297 -21.3% | 6734 11.0% | 6068 2.5% | 5923 - |
| Interest Cost (INR Cr) | 7881 | 7588 | 5454 | 2933 | 5792 | 4925 | 3875 | 3743 | 3487 | 4201 | 5948 | 7165 | 5948 | 3017 | 1777 | 4282 |
| Cash & Bank Balance (INR Cr) | 3159 | 2097 | 1820 | 2475 | 2296 | 1061 | 496 | 410 | 1050 | 1225 | 3705 | 1220 | 822 | 1538 | 1598 | 1005 |
| Total Debt (INR Cr) | 132628 | 148977 | 132020 | 116649 | 129790 | 96765 | 65650 | 63271 | 58552 | 64893 | 94916 | 89671 | 80015 | 57763 | 49472 | 47347 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.4% | 1.2% | 4.0% | 5.8% | - | 3.2% | 5.2% | 5.3% | 3.5% | 1.1% | 1.4% | 0.9% | 1.0% | 2.4% | 4.0% | 0.9% |
| Profit As % Of Assets | 12.8% | 3.3% | 9.2% | 9.2% | - | 8.1% | 11.9% | 11.6% | 7.0% | 3.2% | 4.0% | 2.7% | 2.8% | 6.6% | 10.3% | 2.8% |
| Profit As % Of Networth | 22.8% | 7.0% | 18.8% | 19.4% | - | 15.5% | 19.5% | 19.4% | 13.4% | 7.1% | 10.4% | 7.1% | 7.0% | 13.6% | 20.4% | 5.7% |
| Interest Cost to EBITDA % | 10.4% | 24.7% | 11.4% | 7.3% | 122.0% | 14.0% | 9.3% | 11.0% | 14.9% | 39.8% | 34.8% | 51.6% | 50.4% | 20.6% | 13.8% | 72.3% |
| Debt to Equity Ratio | 0.72 | 1.07 | 0.99 | 1.04 | 1.36 | 0.86 | 0.58 | 0.62 | 0.65 | 0.94 | 1.40 | 1.42 | 1.33 | 1.00 | 0.94 | 1.04 |
| RONW | 26.7% | 8.6% | 21.0% | 21.0% | - | 15.3% | 21.0% | 21.2% | 15.6% | 5.5% | 8.8% | 5.7% | 17.6% | 14.2% | 21.7% | 6.4% |
| ROCE | 21.2% | 8.0% | 15.8% | 14.6% | 4.5% | 15.5% | 21.7% | 18.7% | 13.4% | 5.8% | 8.3% | 7.3% | 13.1% | 11.9% | 17.0% | 9.8% |