Indian Oil Corporation Limited (NSE:IOC)
India flag India · Delayed Price · Currency is INR
135.71
+0.77 (0.57%)
Sep 11, 2026, 3:15 PM IST

Indian Oil Corporation Stock Forecast

Stock Price Forecast

According to 31 analysts polled by S&P Global, Indian Oil Corporation stock has a consensus rating of "Buy" and an average price target of ₹160.00. The average 1-year stock price forecast is 17.90% higher than the current stock price, while the lowest is ₹105.00 (-22.63%) and the highest is ₹230.00 (+69.48%).

Price Target: ₹160.00 (+17.90%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₹105.00₹160.00₹156.00₹230.00
Change-22.63%+17.90%+14.95%+69.48%
* Price targets were last updated on Aug 4, 2026.

Analyst Ratings

The average analyst rating for Indian Oil Corporation stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Chart
RatingMar '26Apr '26May '26Jun '26Jul '26Aug '26
Strong Buy119991010
Buy677657
Hold778877
Sell343564
Strong Sell444333
Total313131313131

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Jefferies
Jefferies
Buy
Maintains
₹175.00₹180.00
BuyMaintains₹175.00₹180.00+32.64%Aug 4, 2026
Goldman Sachs
Goldman Sachs
Sell
Maintains
₹110.00
SellMaintains₹110.00-18.94%Jul 24, 2026

Financial Forecast

Revenue This Year
9.58T
from 7.84T
Increased by 22.11%
Revenue Next Year
9.29T
from 9.58T
Decreased by -3.03%
EPS This Year
10.91
from 26.72
Decreased by -59.17%
EPS Next Year
18.69
from 10.91
Increased by 71.32%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingMar 31, 2022Mar 31, 2023Mar 31, 2024Mar 31, 2025Mar 31, 2026Mar 31, 2027
Revenue
5.89T8.42T7.76T7.58T7.84T9.58T
Revenue Growth
61.92%42.84%-7.77%-2.35%3.47%22.11%
Gross Profit
974.01B880.81B1.31T939.97B1.44T1.02T
Gross Margin
16.53%10.46%16.92%12.40%18.36%10.67%
Operating Income
370.42B250.46B609.76B216.73B676.32B288.45B
Net Income
251.02B97.92B417.30B135.98B420.96B184.79B
EPS
----26.7210.91
EPS Growth
----221.12%-59.17%
Forward PE
5.4211.977.639.386.0512.44
Dividend / Share
8.403.0012.003.008.254.01
Dividend Growth
5.00%-64.29%300.00%-75.00%175.00%-51.41%
Free Cash Flow
-53.58B-134.24B223.45B-156.14B318.17B-134.48B
No. Analysts
-----18
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue202720282029
High11.8T
Avg9.6T
Low5.7T

Revenue Growth

Revenue Growth202720282029
High
49.8%
Avg
22.1%
Low
-26.9%

EPS Forecast

EPS202720282029
High24.10
Avg10.91
Low1.25

EPS Growth

EPS Growth202720282029
High
-9.8%
Avg
-59.2%
Low
-95.3%