Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 87787.03 Crore) operating in Gas & Petroleum sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated sales of Rs 147810.23 Crore, up 80.91 % from last quarter Sales of Rs 81704.43 Crore and up 19.27 % from last year same quarter Sales of Rs 123929.51 Crore. Company reported net profit after tax of Rs 3826.51 Crore in latest quarter.
Investment Rationale
Return ratios are set to improve and the discount gap to peers should shrink as refining margins move up the trough.
Promoter/FII Holdings
Promoters held 51.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 5.8 per cent, DIIs 13.7 per cent and public and others 29 per cent.
