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INDIAN OIL CORPORATION
PE (Price/Earnings) Ratio

The Current P/E Ratio of INDIAN OIL CORPORATION is 12.37.

Share Price ₹138.9Nov 04,2024
Market Cap ₹196,143.5 Cr
Earnings-TTM₹15,856.0 CrTTM-Consolidated Results
Price/Earnings12.37xCalculated as Market Cap/Earnings
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Definition & Calculation of PE (Price/Earnings) ratio of INDIAN OIL CORPORATION

Price-to-Earnings ratio, P/E Multiple, or P/E Ratio is an important valuation multiple that is defined as:

P/E = Market Capitalization / Net Income

or, using per-share numbers:

P/E = Stock Price / Earnings Per Share (EPS)

Applying the above formula, P/E ratio of INDIAN OIL CORPORATION is calculated as :

Current Market Cap [ ₹196,143.5 Cr] as on Nov 04,2024

(/) Earnings [ ₹15,856.0 Cr] based on TTM-Consolidated Results

(=) P/E Ratio [ 12.37x ]

P/E Ratio indicates the multiple of earnings investors are willing to pay to own one share of the company.

Thus, for INDIAN OIL CORPORATION , the investors are currently willing to pay 12.37 times earnings to own 1 share of the company.

PE Multiples are the most widely used valuation multiple in practice.

Since P/E ratio uses Net Income in the calculation, P/E multiples are not always reliable for valuing companies with negative earnings.

In such cases, you may consider using Price to Book ratio or Price to Sales ratio of INDIAN OIL CORPORATION !

P/E ratios, also, would not adjust for differences in the capital structure between companies.

The chart below summarizes the trend in P/E Ratio of INDIAN OIL CORPORATION over the last five years.

Historical PE (Price/Earnings) ratio chart of INDIAN OIL CORPORATION


PE Ratio Performance Analysis for INDIAN OIL CORPORATION

- INDIAN OIL CORPORATION 's latest p/e ratio is 12.37x.

- INDIAN OIL CORPORATION 's p/e ratio for fiscal years ending Mar2024 to Mar2020 averaged 4.40x.

- INDIAN OIL CORPORATION 's operated at median p/e ratio of 2.9x from fiscal years ending March 2018 to 2022.

- Looking back at the last 5 fiscal years, INDIAN OIL CORPORATION 's p/e ratio peaked in Mar2023 at 10.96x.

- INDIAN OIL CORPORATION 's p/e ratio hit its five-year low in Mar2020 of 0x.


How does INDIAN OIL CORPORATION 's P/E Ratio benchmark against top 10 peers in Refineries Industry?

Peer Comparison (Refineries Industry)Earnings-TTM (Cr)PE RatioMarket Cap
INDIAN OIL CORPORATION 15,856.0012.37196,143.5
RELIANCE INDUSTRIES LTD77,180.0022.831,761,920.0
BHARAT PETROLEUM CORPORATION LTD11,785.8011.17131,673.0
HINDUSTAN PETROLEUM CORPORATION LTD3,793.3920.6778,410.3
MANGALORE REFINERY AND PETROCHEMICALS LTD884.6529.2025,833.3
CHENNAI PETROLEUM CORPORATION LTD667.1613.729,153.6

Refineries Industry Benchmark (Top 10) PE Analysis vs INDIAN OIL CORPORATION 's P/E Ratio

Top 10 Industry PeersPE Ratio
Min industry PE 11.17x
Max industry PE 29.20x
Median industry PE 20.67x
Average industry PE 18.33x



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