Are you searching to know about Indian Oil Corporation Ltd’s share price target for the upcoming years 2022, 2023, 2024, 2025, and 2030? You are in the right article.
Indian Oil Corporation Ltd is a government Refineries company that has a large market cap of ₹1,01,884.73 Cr. but It has a large amount of debt of ₹1,02,327.49 Cr. because of this reason its share price is trading under ₹100.
If you read the full article carefully you will get all the important terms of fundamental analysis with sufficient and accurate data. You will also get all possible targets that will achieve in the upcoming years.
Indian Oil Corporation Ltd. is an Indian Government-owned corporation that comes under the ownership of the Ministry of Petroleum and Natural Gas. Its headquartered in New Delhi. It is the largest government-owned Oil Corporation in our country with a profit of around $6.1 billion for the financial year 2021. The present Chairman is Shrikant Madhav Vaidya.
Indian Oil Corporation Ltd Quarterly Report Analysis
In the June quarter of the financial year 2021, Indian Oil Corporation Ltd made sales of Rs.1,55,056.27 Cr. in which they made a profit of about Rs.5,941.37 Cr. after paying taxes. In the September quarter of the financial year 2021, Company made sales of Rs.1,69,770.77 Cr. through which they make a profit of around Rs.6,360.05 Cr. after paying all the essential taxes to government bodies.
In the December quarter of 2021, the company made sales of around Rs.1,97,172.01 Cr. in which they made a profit of about Rs.5,860.80 Cr. after paying all the taxes. In the March quarter of 2022, the company made sales of around Rs.2,06,460.89 Cr. In which they made a profit of about Rs.6,021.88 Cr. after paying all the taxes. In the June quarter of the financial year 2022, the company made sales of around Rs.2,51,932.89 Cr. by which they made a loss of about Rs.1,992.53 Cr. after paying all the taxes to government bodies according to their sector resemblance.
Indian Oil Corporation Ltd Annual Report Analysis
As the company’s annual reports are given in the year 2017 company made net sales of Rs.3,60,149.39 Cr. and make a profit of it around Rs.19,106.40 Cr. and In the following year, 2018 company made sales of about Rs.4,24,038.70 Cr. make a profit of around Rs.21,346.12 Cr. as I told you earlier IOC is a company from where the Government of India getting huge revenue every year without investing that much in that sector.
In the year 2019, Company makes net sales of Rs.4,89,305.21 Cr. and makes a profit of around Rs.1,313.23 Cr. after paying all the taxes which are required to pay. In the following year, 2020 Company made sales of Rs.4,89,305.21 Cr. and profit of about Rs.1,313.23 Cr. after giving all the taxes. In the last year which is 2021 company made sales of Rs.3,84,762.56 Cr. and a profit of around Rs.21,836.04 Cr. after paying all the taxes.
In the annual result of March 2022 it has made Rs.5,98,163.75 Cr. of sales and Rs.24,184.10 Cr. of profit. As the Data indicate for the last 5 years company sales and profit are increasing year by year.
Indian Oil Corporation Ltd Balance Sheet Analysis
In the year 2017 Company invest around Rs.40,109 Cr. and the Current Assets of Indian Oil Corporation are about Rs.1,09,086.75 Cr. and the total assets of the company available at that time is around Rs.2,75,805.45 Cr. in the following year, 2018 Company invest around Rs.39,088.94 Cr. and Current Assets of Indian Oil Corporation is about Rs.1,03,058.37 Cr. and total assets of the company available at that time in 2018 are around Rs.33,41,187.04 Cr. In the year 2019 Company invested around Rs.41,421.88 Cr. and the Current Assets of Indian Oil Corporation are about Rs.1,22,935.29 Cr. and the total assets of the company available at that time is around Rs.3,34,187.04 Cr.
In 2020 Company invests around Rs.31,052.17 Cr. and the Current Assets of Indian Oil Corporation in the year 2020 are about Rs.1,06,152.86 Cr. and total assets of the company available at that time in 2020 are around Rs.3,30,063.77 Cr. In the financial year, 2021 Company invest around Rs.25,085.12 Cr. and the Current Assets of Indian Oil Corporation are about Rs.1,14,688.17 Cr. and the total assets of the company are available at that time were around Rs.3,56,963.69 Cr.
In this section, I am going to predict a possible target that the shares of Indian Oil Corporation can cross in the upcoming years to come. We go with our possible targets for the upcoming years which are attached below.
| Year | Target Of IOC |
|---|---|
| 2022(Target-1) | Rs.100 |
| (Target-2) | Rs.130 |
| 2023(Target-1) | Rs.170 |
| (Target-2) | Rs.190 |
| 2024(Target-1) | Rs.230 |
| (Target-2) | Rs.270 |
| 2025(Target-1) | Rs.330 |
| (Target-2) | Rs.390 |
| 2030(Target-1) | Rs.780 |
| (Target-2) | Rs.1180 |
When we go through the chart for predicting possible targets for the year 2022 we can set the first target of around Rs.100 and the second possible target for the same year is about Rs.130 This increase in share prices in the year 2022 is the result of investing their funds in developing new technology which helps them now.
For the year 2023, we can set the first possible target as around Rs.170 and after attaining these numbers in that year we can set the second possible target for the year 2023 as around Rs.190 which is the result of their investment in producing oil from the renewable source which can be a masterstroke for this company.
In the year 2024, we can predict two possible targets which the shares of Indian Oil Corporation will beat easily first is around Rs.230 and the second is about Rs.270 as I told earlier that ONGC share prices will move in an uptrend in the future and share prices of this company share will increase day by day in upcoming years.
We can predict the first target for the year 2025 is Rs.330 and after attaining these values in the year 2025 they can show some downward movement for a while but surely move in an uptrend because of their product need in an Indian market so we set a second possible target which they can move around in the year 2025 is about Rs.390.
Till the end of this decade, IOC will emerge as one of the best in their business according to their productivity. So, we predict the first target is around Rs.780 and the second possible target which they can cross is about Rs.1180 as we can see through the share price we can say this will be the lifetime high of Indian Oil Corporation at the end of this decade.
Conclusion
In this article, We have done a detailed analysis of the Indian Oil Corporation. We tried to include every fundamental aspect in our article that is important.
Before ending this article, I am going to tell you some strengths of Indian Oil Corporation which are really important to become the highest revenue-generating company.
- Largest producer Oil in the whole nation.
- Backing of the central government.
- Well recognized brand name as IOC.
- Strong Advertising and Branding of Company.
Thank you for reading.
I am a share market expert for the last five years. I have expertise in technical analysis, and fundamental analysis of stocks, and assets. On this website, I write content like analysis of shares, predict future targets of shares based on analysis, simplify technical analyses, and intraday trading.