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.
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.
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|INDIAN OIL SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
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 2024||MAXIMUM PRICE||MINIMUM PRICE|
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 2025||MAXIMUM PRICE||MINIMUM PRICE|
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.
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|INDIAN OIL SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
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 Growth (%)||61.22||-24.48||-8.35||24.94||18.28|
|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.
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The Indian Oil share price target for 2025 is 180.23 INR.
The Indian Oil share price target for 2027 is 107.24 INR.
The Indian Oil share price target for 2030 is 441.56 INR.
The Indian Oil share price in the next 5 years is 193.02 INR.
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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.