Sell Indian Oil, target price Rs 130: JM Financial

JM Financial recommends a Sell call on Indian Oil Corporation (IOCL) with a target price of Rs 130, while the current market price is Rs 142.35.The time period given by the analyst is a year when Indian Oil Corporation price can reach the defined target. IOCL, incorporated in 1959, is a Large Cap company with a market cap of Rs 200309.77 crore, with business interests straddling the entire hydrocarbon value chain.

Indian Oil Corporation's key products/revenue segments include Petroleum Products, Petrochemical Products, Gas & others for the year ending 31-Mar 2025.

Financials

For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 222598.08 crore, up .93 % from last quarter Total Income of Rs 195036.06 220543.92 crore and down -1.11 % from last year same quarter Total Income of Rs 225099.08 crore. The company has reported net profit after tax of Rs 8367.63 crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.5 per cent stake in the company as of 31-Mar-2025, while FIIs owned 7.39 per cent, DIIs 9.96 per cent.