IOCL Share Price Target 2024, 2025, 2027, 2030 and 2040 - Home

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Table Of Contents

What is Indian Oil Corporation Limited (IOCL)?
Historical Performance of IOCL Share
IOCL Share Price Target for 2024
IOCL Share Price Target for 2025
IOCL Share Price Target for 2027
IOCL Share Price Target for 2030
IOCL Share Price Target for 2040
How to Purchase IOCL Shares
Peer Comparison of IOCL
Investor Types and Ratios
Advantages and Disadvantages of Investing in IOCL Shares
FAQs
Conclusion

When considering the best shares to invest in, one cannot overlook the potential of Indian Oil Corporation Limited (IOCL). In this blog, we will delve deep into the IOCL share price target for the years 2024, 2025, 2027, 2030, and 2040. We’ve conducted thorough research and consulted financial experts to bring you insights into the company’s growth, financial performance, and future prospects.

What is Indian Oil Corporation Limited (IOCL)?

Indian Oil Corporation Limited (IOCL) is an Indian multinational oil and gas company under the Ministry of Petroleum and Natural Gas. Established in 1959, the company has grown to become one of the leading oil producers in India. Headquartered in New Delhi, IOCL has a refining capacity of 80.50 million metric tonnes per annum (MMTPA) and plans to increase this to 107 MMTPA by 2024-25. The company is involved in various aspects of the hydrocarbon value chain, including refining, pipeline transportation, and marketing of petroleum products, along with the production of petrochemicals and natural gas.

Company Name: Indian Oil Corporation Limited
Market Cap: ₹2,40,123.80 Crore
P/B Ratio: 1.36
Face Value: ₹10
Book Value: ₹125.39
52 Week High: ₹197.52
52 Week Low: ₹85.50
Dividend Yield: 7.14%

IOCL’s Market Presence IOCL is a government-owned entity that dominates the Indian oil market with a 32% share of the national refining capacity. The company operates several refineries, including those in Gujarat, Haldia, Guwahati, Paradip, and Mathura, and produces a wide range of products such as LPG, motor spirit, high-speed diesel, kerosene oil, and naphtha.

Historical Performance of IOCL Share

Understanding the historical performance of IOCL shares is crucial for predicting future trends. The company has demonstrated significant growth over the years, making it a potentially lucrative investment.

Period	Share Price Growth (%)	Share Price Increase (₹)
Last 6 months	+36.60%	+27.58
Last 1 year	+74.05%	+77.74
Last 5 years	+67.83%	+66.85
Maximum Growth	+157.44%	+1,327.49

IOCL Share Price Target for 2024

IOCL is poised to continue its growth trajectory in 2024. The company’s ongoing expansion in refining capacity and investment in petrochemicals and natural gas positions it well for future success.

Year	IOCL Share Price Target 2024
1st Target	₹155.85
2nd Target	₹195.52

Financial Projections for 2024 Total Revenue (March 2024): ₹2,35,123.80 Crore ROE (Return on Equity): 6.25%

IOCL Share Price Target for 2025

In 2025, IOCL is expected to capitalize on its strong position in the energy sector and its expansion plans in petrochemicals and natural gas. This growth is likely to reflect in its share price.

Year	IOCL Share Price Target 2025
1st Target	₹205.23
2nd Target	₹240.69

Financial Projections for 2025 Profit Growth: 61.80% over 3 years Net Profit (March 2023): ₹95.12 Crore

IOCL Share Price Target for 2027

By 2027, IOCL is expected to make significant inroads in the petrochemicals and natural gas sectors, offering products and solutions crucial to the energy industry. This expansion is anticipated to drive substantial share price growth.

Year	IOCL Share Price Target 2027
1st Target	₹290.63
2nd Target	₹330.78

Financial Projections for 2027 Sales Growth: 11.52% over the last year Net Sales (March 2024): ₹605.12 Crore

IOCL Share Price Target for 2030

As we look towards 2030, IOCL’s strong foothold in the energy sector and its innovative solutions for the petrochemicals and natural gas industries are expected to pay dividends. The company’s advancements in these areas are likely to push its stock prices higher.

Year	IOCL Share Price Target 2030
1st Target	₹405.12
2nd Target	₹430.98

Financial Projections for 2030 Promoter Holding: 51.10% – 60% Total Expenditure (March 2024): ₹473.01 Crore

IOCL Share Price Target for 2040

Looking two decades into the future, IOCL is expected to be a dominant player across multiple industries, including energy, petrochemicals, and natural gas. Its continued innovation and expansion into new sectors will likely result in a significant increase in share prices.

Year	IOCL Share Price Target 2040
1st Target	₹930.25
2nd Target	₹955.85

Financial Projections for 2040 Tax Amount (March 2024): ₹27.82 Crore ROCE (Return on Capital Employed): 14.01%

How to Purchase IOCL Shares

Investing in IOCL shares is a straightforward process, and several platforms are available for purchasing these shares. Below are some of the most popular trading platforms in India:

Zerodha
Upstox
Groww
Angelone

Peer Comparison of IOCL

IOCL competes with several other companies in the energy sector. Here’s a look at some of its key competitors:

Bharat Petroleum Corporation Limited (BPCL)
Mangalore Refinery and Petrochemicals Limited (MRPL)
Chennai Petroleum Corporation Limited (CPCL)
Gandhar Oil Refinery India Limited
Hindustan Petroleum Corporation Limited (HPCL)

Investor Types and Ratios

Understanding the types of investors and their ratios is crucial for analyzing the company’s growth potential.

Investor Type: Promoters Holding (51.10%), Public Holding (10.40%), FII (Foreign Institutional Investors) (9.10%), DII (Domestic Institutional Investors) (29.40%)

Advantages and Disadvantages of Investing in IOCL Shares

Before making an investment decision, it’s essential to weigh the pros and cons.

Strong Profit Growth: The company’s profit growth over the last three years has been impressive, standing at 85.52%.
Consistent Revenue Growth: IOCL has demonstrated robust revenue growth of 19.72% over the last three years.
High Promoter Holding: The promoter holding is robust, which often indicates confidence in the company’s future.
Efficient Cash Conversion Cycle: The company has a good cash conversion cycle of 26.04 days.
Increasing Book Value: The company’s book value has been steadily increasing over the past two years.
Solid Cash Flow Management: The cash flow management is robust, with a PAT ratio of 1.55.
Zero Promoter Pledges: The company has no promoter pledges, indicating financial stability.
Decline in Net Profit: The company’s net profit has decreased in the last year.
Reduced Revenue: There has been a decrease in revenue in the last quarter.
Decreasing ROE: The return on equity has dropped to 6.5% in the last year.

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FAQs

What is the full form of IOCL?

Indian Oil Corporation Limited.

What is the main function of IOCL?

IOCL is involved in refining, pipeline transportation, and marketing of petroleum products and is also associated with the production of petrochemicals and natural gas.

Who is the CEO of IOCL?

The CEO of IOCL is S. M. Vaidya.

Is IOCL a government-owned company?

Yes, IOCL is a government-owned company under the Ministry of Petroleum and Natural Gas.

What is the future growth potential of IOCL?

With its plans to expand refining capacity and invest in petrochemicals and natural gas, IOCL has a strong growth potential for the future.

Should I invest in IOCL shares right now?

While IOCL has shown consistent growth and offers a good dividend yield, potential investors should consider current market conditions and consult with a financial advisor before making any investment decisions.

What is the IOCL Share Price Target for 2024?

The IOCL share price target for 2024 is ₹155.85 to ₹195.52.

What is the IOCL Share Price Target for 2025?

The IOCL share price target for 2025 is ₹205.23 to ₹240.69.

What is the IOCL Share Price Target for 2027?

The IOCL share price target for 2027 is ₹290.63 to ₹330.78.

What is the IOCL Share Price Target for 2030?

The IOCL share price target for 2030 is ₹405.12 to ₹430.98.

What is the IOCL Share Price Target for 2040?

The IOCL share price target for 2040 is ₹930.25 to ₹955.85.

Conclusion

Investing in IOCL shares could be a profitable venture for those looking to invest in a government-backed company with a strong market presence and growth potential. While there are some risks associated with investing in any stock, IOCL’s diversified business model and plans for future expansion make it a compelling option for long-term investors. However, it’s crucial to stay informed and consider various factors before making any investment decisions.

Disclaimer: This blog is for educational purposes only and should not be considered as financial advice. Always consult with a SEBI-registered advisor before making any investment decisions.