Leading oil and petrol firm in India, Indian Oil Company Limited (IOCL) is active in pipeline transportation, marketing, and refining. The company has a proven track record of success, which is fueled by its vast distribution network and wise investments in petrochemicals and refining. Understanding IOCL’s future growth possibilities and share price forecasts over the coming few years is crucial for investors and analysts.
The share price target for Indian Oil Company Ltd. from 2023 to 2030 will be more thoroughly examined in this article. To assess the company’s growth prospects, we’ll examine its financial results, growth factors, and market trends. Also, we’ll talk about various dangers and difficulties that can affect the share price of IOCL and provide our estimates.
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INDIAN OIL IN RECENT NEWS
- CEO World Magazine has named SM Vaidya, the Chairman of Indian Oil, as the top CEO in India.
- While the Nifty is gaining, shares of Indian Oil Corp. have increased by 0.13%.
- Indian Oil outlets will provide Maruti owners with additional benefits when they refuel their vehicles.
INDIAN OIL SHARE PRICE TARGET 2023
|INDIAN OIL SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
In March 2023, the IOC share price is projected to be at ₹76.90, which is expected to increase in April to ₹84.59. May is anticipated to see a dip in the share price to ₹70.49, which is then predicted to increase again in June to ₹84.59.
The share price is expected to rise significantly in July 2023, with a projected value of ₹101.51. This trend is likely to continue in August 2023, with a predicted share price of ₹111.66. The trend is projected to continue in September 2023, with a forecasted share price of ₹117.24.
In October 2023, the share price is expected to remain the same as the August value of ₹111.66. The share price is expected to increase further in November to ₹122.82, which is expected to continue in December with a projected value of ₹137.56.
INDIAN OIL SHARE PRICE TARGET 2024
|INDIAN OIL SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
Based on the provided data, the Indian Oil Corporation Limited (IOCL) share price target for the year 2024 is expected to be volatile with significant fluctuations. In January 2024, the maximum price target is ₹144.80, while the minimum price target is ₹1037.03, which is a vast difference compared to the other months. The share price is expected to increase gradually from February to June 2024, with the maximum price target being ₹171.26 in March 2024, and then start to fluctuate again. The minimum price target for the year is ₹99.80 in May 2024, while the maximum price target is ₹192.60 in December 2024, indicating a significant upward trend towards the end of the year. Overall, investors need to be cautious and keep track of the market trends and news related to the IOCL to make informed investment decisions.
INDIAN OIL SHARE PRICE TARGET 2025
|INDIAN OIL SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
The maximum and minimum share price target for Indian Oil Corporation Ltd. in 2025 are ₹233.62 and ₹135.57, respectively. The share price is expected to rise steadily from January 2025 and reach its maximum value in November 2025. In January 2025, the share price is expected to be around ₹196.45, and it is expected to increase in the following months to reach its peak in November 2025 at around ₹229.04. The share price is then expected to decrease in December 2025 to a minimum of ₹179.71.
INDIAN OIL SHARE PRICE TARGET 2026 TO 2030
|INDIAN OIL SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
In 2026, the maximum price target for Indian Oil is ₹163.53, and the minimum price target is ₹114.47. In 2027, the maximum price target is ₹139.00, and the minimum price target is ₹97.30. Moving forward, in 2028, the maximum price target is ₹250.21, and the minimum price target is ₹175.15. In 2029, the maximum price target increases significantly to ₹513.97, with a minimum price target of ₹359.78. Finally, in 2030, the maximum price target for Indian Oil is ₹572.37, with a minimum price target of ₹400.66. It is important to note that these price targets are based on historical data and are subject to change based on various factors that can affect the stock market.
FINANCIAL STRENGTH OF INDIAN OIL CORPORATION LTD (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Revenue Growth (%)||61.22||-24.48||-8.35||24.94||18.28|
|Total Expenses Growth (%)||65.54||-30.15||-4.45||29.37||17.91|
|Profit after Tax (PAT)||25,102.23||21,638.21||-893.14||17,376.70||22,189.45|
|PAT Growth (%)||16.01||–||-105.14||-21.69||11.79|
|Operating Profit Margin (%)||6.52||9.10||1.93||5.57||8.86|
|Net Profit Margin (%)||4.25||5.94||-0.18||3.29||5.26|
|Basic EPS (₹)||27.34||23.57||-0.97||18.41||23.41|
Looking at the financial statements of INDIAN OIL over the past five years, the company has shown a mixed trend in terms of its growth. The total revenue has fluctuated with a growth rate of 61.22% in FY 2022, while in FY 2021, it declined by 24.48%. Similarly, the total expenses have also shown a similar pattern with a growth rate of 65.54% in FY 2022 and a decline of 30.15% in FY 2021. However, the profit after tax (PAT) has shown a positive growth rate of 16.01% in FY 2022 compared to the previous year. The operating profit margin has declined from 9.10% in FY 2021 to 6.52% in FY 2022, while the net profit margin has also declined from 5.94% in FY 2021 to 4.25% in FY 2022. The basic EPS has increased from ₹23.57 in FY 2021 to ₹27.34 in FY 2022. It is worth noting that the company faced a loss of ₹893.14 in FY 2020, which is a considerable setback. However, the company has managed to recover in the following year and has shown a positive growth rate. Overall, INDIAN OIL has shown mixed results in terms of its financial performance in the last five years, with fluctuations in revenue growth, expenses growth, and profit growth.
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What is the maximum share price target of India Oil in 2026?
The maximum share price target of Indian Oil in 2026 is Rs. 163.53
What is the maximum share price target of India Oil in 2027?
The maximum share price target of Indian Oil in 2027 is Rs. 139.00
What is the maximum share price target of India Oil in 2028?
The maximum share price target of Indian Oil in 2028 is Rs. 250.21
What is the maximum share price target of India Oil in 2029?
The maximum share price target of Indian Oil in 2029 is Rs. 513.97
What is the maximum share price target of India Oil in 2030?
The maximum share price target of Indian Oil in 2030 is Rs. 572.37
CONCLUSION: INDIAN OIL CORPORATION LTD SHARE PRICE TARGET
According to financial data from the last five years, Indian Oil’s performance in terms of income growth, PAT, revenue growth, and profit growth has been inconsistent. The company’s overall income and expenses have grown significantly, with a 61.22% increase in FY2022, but profit after tax (PAT) has decreased, with a negative growth of 105.14% in FY2020. Nonetheless, the business has made a strong comeback in the years since, with PAT growing by 16.01% in FY2022. In FY2022, Indian Oil’s net profit margin and operating profit margin were both average at 4.25% and 6.52%, respectively. Overall, the financial information indicates that, given the company’s steady growth, Indian Oil’s shares can be a viable investment choice for long-term investors