Indian Oil Corporation Limited (NSE:IOC)
India flag India · Delayed Price · Currency is INR
131.34
-3.59 (-2.66%)
Oct 1, 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 ₹159.84. The average 1-year stock price forecast is 21.70% higher than the current stock price, while the lowest is ₹105.00 (-20.05%) and the highest is ₹230.00 (+75.12%).

Price Target: ₹159.84 (+21.70%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price₹105.00₹159.84₹156.00₹230.00
Change-20.05%+21.70%+18.78%+75.12%
* 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
RatingApr '26May '26Jun '26Jul '26Aug '26Sep '26
Strong Buy999101010
Buy776577
Hold788777
Sell435644
Strong Sell443333
Total313131313131

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Jefferies
Jefferies
Buy
Maintains
₹175.00 → ₹180.00
BuyMaintains₹175.00 → ₹180.00+37.05%Aug 4, 2026
Goldman Sachs
Goldman Sachs
Sell
Maintains
₹110.00
SellMaintains₹110.00-16.25%Jul 24, 2026

Financial Forecast

Revenue This Year
9.27T
from 7.84T
Increased by 18.12%
Revenue Next Year
8.97T
from 9.27T
Decreased by -3.19%
EPS This Year
5.00
from 26.72
Decreased by -81.27%
EPS Next Year
16.65
from 5.00
Increased by 232.70%
Fiscal YearFY 2022FY 2023FY 2024FY 2025FY 2026FY 2027
Period EndingMar 31, 2022Mar 31, 2023Mar 31, 2024Mar 31, 2025Mar 31, 2026Mar 31, 2027
Revenue
5.89T8.42T7.76T7.58T7.84T9.27T
Revenue Growth
61.92%42.84%-7.77%-2.35%3.47%18.12%
Gross Profit
974.01B880.81B1.31T939.97B1.44T988.32B
Gross Margin
16.53%10.46%16.92%12.40%18.36%10.67%
Operating Income
370.42B250.46B609.76B216.73B676.32B283.20B
Net Income
251.02B97.92B417.30B135.98B420.96B27.90B
EPS
----26.725.00
EPS Growth
----203.92%-81.27%
Forward PE
5.4211.977.639.386.0526.24
Dividend / Share
8.403.0012.003.008.252.89
Dividend Growth
5.00%-64.29%300.00%-75.00%175.00%-65.02%
Free Cash Flow
----477.79B-269.28B
No. Analysts
-----15
EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is INR.

Revenue Forecast

Revenue202720282029
High10.9T
Avg9.3T
Low7.7T

Revenue Growth

Revenue Growth202720282029
High
38.9%
Avg
18.1%
Low
-1.7%

EPS Forecast

EPS202720282029
High15.90
Avg5.00
Low-11.38

EPS Growth

EPS Growth202720282029
High
-40.5%
Avg
-81.3%
Low-