• Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Write for Us
Facebook Twitter Pinterest
  • Business
  • Finance
  • Credit Cards
    • SBI Credit Card
    • IDBI Bank Credit Card Online
    • American Express Credit Card Review
  • Banking
    • Punjab National Bank Internet Banking
    • Syndicate Bank Net Banking
    • Abu Dhabi Commercial Bank Internet Banking
  • Insurance
  • Submit a Guest Post
Menu

Pages

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Write for Us

Categories

  • Business
  • Finance
  • Credit Cards
  • Banking
  • Insurance
  • Submit a Guest Post

Indian Oil Share Price Target 2023 to 2030: Should you buy IOCL?

By: Suhani Bhat | In: PRICE TARGET | Last updated: February 15, 2023 0

Indian Oil Corporation Limited (IOCL) is one of the largest oil and gas companies in India and its shares are publicly traded on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). The share price of Indian Oil has been a topic of interest for many investors, with analysts setting a target price for the stock in the coming years.

Whether to buy Indian Oil shares or not is a decision that requires careful consideration of multiple factors such as the company’s financial performance, industry trends, and macroeconomic conditions. In this article, we will take a look at the Indian Oil share price target for 2023 to 2030 and discuss whether it is a good investment opportunity for investors.

Contents

INDIAN OIL IN RECENT NEWS

  • ICICI Securities recommends purchasing shares of Indian Oil Corporation with a target price of Rs. 118.
  • Indian Oil’s Q3 results have revealed a net profit of Rs. 448 crore, surpassing analysts’ expectations. The oil and gas company also reported revenue that exceeded predictions.

Click here to know more: Central Bank of India 2023 to 2030: Can Central Bank of India reach 200 INR?

Indian Oil Share Price Target for 2023

INDIAN OIL SHARE PRICE TARGET 2023 Maximum Price Minimum Price
February 2023 ₹79.10 ₹60.85
March 2023 ₹59.33 ₹45.63
April 2023 ₹65.26 ₹50.20
May 2023 ₹54.38 ₹41.83
June 2023 ₹65.26 ₹50.20
July 2023 ₹78.31 ₹60.24
August 2023 ₹86.14 ₹66.26
September 2023 ₹90.45 ₹69.57
October 2023 ₹86.14 ₹66.26
November 2023 ₹94.75 ₹72.89
December 2023 ₹106.12 ₹81.63

The Indian Oil share price is expected to show positive growth in 2023, according to the predictions in the table. 

The share price is expected to be bullish with a clear uptrend, reaching a maximum price of up to ₹106.12 in December 2023. The minimum price is expected to be ₹41.83 in May 2023. 

This represents a growth percentage of over 70% from the minimum price to the maximum price. The trend is expected to continue throughout the year with the share price remaining above ₹60 in most months. 

Overall, Indian Oil’s share price is expected to show strong growth in 2023, making it a good investment opportunity for investors.

Indian Oil Share Price Target for 2024

INDIAN OIL SHARE PRICE TARGET 2024       MAXIMUM PRICE MINIMUM PRICE
February 2024 ₹125.52 ₹104.60
March 2024 ₹132.12 ₹107.42
April 2024 ₹120.11 ₹92.39
May 2024 ₹100.09 ₹76.99
June 2024 ₹120.11 ₹92.39
July 2024 ₹102.09 ₹79.14
August 2024 ₹112.30 ₹89.13
September 2024 ₹117.92 ₹90.71
October 2024 ₹138.73 ₹106.71
November 2024 ₹145.67 ₹112.05
December 2024 ₹148.58 ₹114.29

The predictions for Indian Oil’s share price in 2024 suggest a positive outlook for investors, with the stock expected to show a steady uptrend throughout the year. 

The maximum price is expected to be ₹148.58 in December 2024 and the minimum price is expected to be ₹76.99 in May 2024. 

This represents a growth of nearly 100% from the minimum price to the maximum price. The share price is expected to be particularly high in October and November 2024, with predictions of ₹138.73 and ₹145.67 respectively. 

Despite a dip in April 2024, the share price is expected to remain above ₹100 throughout the year. 

Overall, Indian Oil’s share price is expected to show significant growth in 2024, making it a potential investment opportunity for investors.

Indian Oil Share Price Target for 2025

INDIAN OIL SHARE PRICE TARGET 2025 MAXIMUM PRICE MINIMUM PRICE
February 2025 ₹159.53 ₹122.71
March 2025 ₹167.50 ₹128.85
April 2025 ₹149.56 ₹115.04
May 2025 ₹135.96 ₹104.58
June 2025 ₹149.56 ₹115.04
July 2025 ₹142.43 ₹109.56
August 2025 ₹148.37 ₹114.13
September 2025 ₹155.79 ₹119.84
October 2025 ₹165.13 ₹127.03
November 2025 ₹176.69 ₹135.92
December 2025 ₹180.23 ₹138.64

The predictions for Indian Oil’s share price in 2025 suggest continued growth and stability for investors. 

The maximum price is expected to reach ₹180.23 in December 2025, while the minimum price is expected to be ₹104.58 in May 2025. 

This represents a growth of over 70% from the minimum price to the maximum price. The share price is expected to remain above ₹135 throughout the year and show a clear upward trend, with predictions of ₹167.50 in March 2025 and ₹176.69 in November 2025. 

Despite a dip in April 2025, the share price is expected to remain above ₹140 for most of the year. 

In conclusion, Indian Oil’s share price is expected to continue showing growth and stability in 2025, making it a potential investment opportunity for investors.

Click here to know more about price targets:

Axis Bank Share Price Target 2023 to 2030: Can Axis Bank reach 5000 INR?

Indian Oil Share Price Target for 2026 to 2030

INDIAN OIL SHARE PRICE TARGET BY Maximum Price Minimum Price
2026 ₹126.16 ₹88.31
2027 ₹107.24 ₹75.07
2028 ₹193.02 ₹135.12
2029 ₹396.50 ₹277.55
2030 ₹441.56 ₹309.09

The predictions for Indian Oil’s share price over the next five years show significant growth opportunities for investors. 

The minimum price is expected to reach ₹75.07 in 2027, while the maximum price is expected to be ₹441.56 in 2030, representing a growth of almost 500%. The 2026 to 2030 period is expected to see steady growth, with the minimum price of ₹88.31 in 2026 and a maximum price of ₹193.02 in 2028. 

The year 2029 is expected to be particularly bullish, with a maximum price prediction of ₹396.50. 

In conclusion, Indian Oil is expected to show strong growth and stability over the next five years, making it a worthwhile investment opportunity for investors seeking long-term growth.

Indian Oil Financial Strength (2018 to 2022)

ANNUAL FY 2022 FY 2021 FY 2020 FY 2019 FY 2018
Total Revenue 5,92,417.96 3,67,449.21 4,86,536.66 5,30,871.78 4,24,911.70
Total Revenue Growth (%) 61.22 -24.48 -8.35 24.94 18.28
Total Expenses 5,59,364.90 3,37,895.21 4,83,775.12 5,06,329.26 3,91,372.63
Total Expenses Growth (%) 65.54 -30.15 -4.45 29.37 17.91
Profit after Tax (PAT) 25,102.23 21,638.21 -893.14 17,376.70 22,189.45
PAT Growth (%) 16.01 – -105.14 -21.69 11.79
Operating Profit Margin (%) 6.52 9.10 1.93 5.57 8.86
Net Profit Margin (%) 4.25 5.94 -0.18 3.29 5.26
Basic EPS (₹) 27.34 23.57 -0.97 18.41 23.41

 

The Indian Oil Corporation Limited has had a rollercoaster ride in terms of financial performance in the last five years. The total revenue for FY 2022 was ₹5,92,417.96, with a growth of 61.22% from the previous year. 

The company’s expenses also increased by 65.54% in the same period. Despite the increase in expenses, the company managed to achieve a profit after tax (PAT) of ₹25,102.23, with a growth of 16.01% from the previous year. The operating profit margin stood at 6.52% while the net profit margin was at 4.25%. The basic earnings per share (EPS) was ₹27.34. 

However, in FY 2020, the company saw a net loss of ₹893.14, with a decrease of 105.14% in PAT growth and a negative net profit margin of 0.18%. 

The minimum revenue growth was seen in FY 2020 at -24.48% while the maximum was seen in FY 2022 at 61.22%. The minimum profit growth was seen in FY 2020 at -105.14% while the maximum was seen in FY 2022 at 16.01%.

INDIAN OIL SHARE PRICE BY EXPERTS

  • ICICI Direct recommends purchasing shares of Indian Oil Corporation with a target price of Rs.79.7.
  • Yes Securities advises buying shares of Indian Oil Corporation, targeting a price of Rs.88.
  • Kotak Securities suggests buying shares of Indian Oil Corporation, with a target price of Rs.75.

Click here to know more: SBI Share Price Target 2023 to 2030: Can SBI reach 1000 INR?

FAQ’s

What is the Indian Oil share price target for 2025?

The Indian Oil share price target for 2025 is 180.23 INR.

What is the Indian Oil share price target for 2027?

The Indian Oil share price target for 2027 is 107.24 INR.

What is the Indian Oil share price target for 2030?

The Indian Oil share price target for 2030 is 441.56 INR.

What is the Indian Oil share price in the next 5 years?

The Indian Oil share price in the next 5 years is 193.02 INR.

Click here to know more: HDFC Bank Share Price Target 2023 to 2030: Can HDFC reach 3000 INR?

The Bottom Line: Indian Oil Share Price Target 2023 to 2030

Based on the last five years of financial data, Indian Oil has experienced significant growth in its total revenue, with a 61.22% increase in FY 2022. 

However, the company’s expenses have also seen a significant increase, growing by 65.54% in the same fiscal year. Despite this, the company has managed to maintain a steady profit after tax (PAT) growth of 16.01%. 

The operating profit margin and net profit margin for the company have also improved over the last five years, reflecting the company’s success in optimising its operations. 

However, the company’s basic earnings per share have seen fluctuations over the years, with a dip in FY 2020. 

In conclusion, while the growth in revenue and PAT are positive indicators, potential investors should carefully consider all aspects of the company’s financial performance before making a decision on whether to invest in Indian Oil shares.

Suhani Bhat
Suhani Bhat
Tweet
Share
Pin
Share
0 Shares
INDIAN OIL SHARE PRICE IOCL

Recent Posts

  • KARNATAKA BANK SHARE PRICE TARGET 2023 TO 2030: CAN KARNATAKA BANK REACH 1000 INR?
  • UJJIVAN SMALL FINANCE BANK LTD SHARE PRICE TARGET 2023 TO 2030: CAN UJJIVAN BANK REACH 200 INR?
  • EQUITAS SMALL FINANCE BANK LTD SHARE PRICE TARGET 2023 TO 2030: CAN ES BANK REACH 500 INR?
  • TAMILNAD MERCANTILE BANK LTD SHARE PRICE TARGET 2023 TO 2030: CAN TMB REACH 5000 INR?
  • KARUR VYSYA BANK LTD SHARE PRICE TARGET 2023 TO 2030: CAN KV BANK REACH 1000 INR?
  • RBL BANK SHARE PRICE TARGET 2023 TO 2030: CAN RBI REACH 1000 INR?
  • CITY UNION BANK SHARE PRICE TARGET 2023 TO 2030: CAN CU BANK REACH 1000 INR?

Recent Posts

  • KARNATAKA BANK SHARE PRICE TARGET 2023 TO 2030: CAN KARNATAKA BANK REACH 1000 INR?
  • UJJIVAN SMALL FINANCE BANK LTD SHARE PRICE TARGET 2023 TO 2030: CAN UJJIVAN BANK REACH 200 INR?
  • EQUITAS SMALL FINANCE BANK LTD SHARE PRICE TARGET 2023 TO 2030: CAN ES BANK REACH 500 INR?
  • TAMILNAD MERCANTILE BANK LTD SHARE PRICE TARGET 2023 TO 2030: CAN TMB REACH 5000 INR?
  • KARUR VYSYA BANK LTD SHARE PRICE TARGET 2023 TO 2030: CAN KV BANK REACH 1000 INR?
  • RBL BANK SHARE PRICE TARGET 2023 TO 2030: CAN RBI REACH 1000 INR?
  • CITY UNION BANK SHARE PRICE TARGET 2023 TO 2030: CAN CU BANK REACH 1000 INR?

About Us

It is India’s fastest growing online publication Blog for Entrepreneurs, Small business, Bloggers and personal finance experts. FinanceGradeUp is now on providing content and information on how one can make their business grow to how an individual can save money when in debts.

financegradeup009@gmail.com

About Us

It is India’s fastest growing online publication Blog for Entrepreneurs, Small business, Bloggers and personal finance experts. FinanceGradeUp is now on providing content and information on how one can make their business grow to how an individual can save money when in debts.

financegradeup009@gmail.com

Important Pages

About Us

Contact Us

Privacy Policy 

Write For Us

Site Links

  • About Us
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • Contact Us
  • Write for Us

Popular Posts

Do you need help managing your cash flow?Do you need help managing your cash flow?
How to Save Money When Buying Office SuppliesHow to Save Money When Buying Office Supplies
A brief guide to P2P lending system and its pros and consA brief guide to P2P lending system and its pros and cons

Follow Us

About Us

It is India’s fastest growing online publication Blog for Entrepreneurs, Small business, Bloggers and personal finance experts. FinanceGradeUp is now on providing content and information on how one can make their business grow to how an individual can save money when in debts.

financegradeup009@gmail.com

© 2023 Finance Gradeup - All Rights Reserved