Sell Indian Oil, target price Rs 130: JM Financial

JM Financial has a Sell call on Indian Oil Corporation with a target price of Rs 130. The current market price of Indian Oil Corporation 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, operating in Gas & Petroleum sector.

Indian Oil Corporation’s key products/revenue segments include Petroleum Refinery Products, Other Operating Revenue, Scrap, Sale of services and Subsidy for the year ending 31-Mar-2024.

Financials
For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 196508.13 crore, up .75 % from last quarter Total Income of Rs 195036.06 crore and down -1.80 % from last year same quarter Total Income of Rs 200103.28 crore. The company has reported net profit after tax of Rs 8088.01 crore in latest quarter. The company’s top management includes Mr.Shrikant Madhav Vaidya, Mr.Krishnan Sadagopan, Mr.Sudipta Kumar Ray, Mr.Prasenjit Biswas, Dr.Dattatreya Rao Sirpurker, Prof. (Dr)Ashutosh Pant, Mr.Dilip Gogoi Lalung, Dr.Sujata Sharma, Mr.Arvind Kumar, Ms.Rashmi Govil, Mr.Alok Sharma, Mr.Anuj Jain, Mr.N Senthil Kumar, Mr.Sujoy Choudhury, Mr.Satish Kumar Vaduguri, Prof. (Dr)Ram Naresh Singh. Company has SRB & Associates as its auditors. As on 31-03-2025, the company has a total of 1,412 Crore shares outstanding.

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.