Indian Oil Corporation Limited (IOC) - Net Assets

Latest as of March 2026: Rs2.26 Trillion INR ≈ $24.39 Billion USD

Based on the latest financial reports, Indian Oil Corporation Limited (IOC) has net assets worth Rs2.26 Trillion INR (≈ $24.39 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.29 Trillion ≈ $57.20 Billion USD) and total liabilities (Rs3.03 Trillion ≈ $32.81 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Indian Oil Corporation Limited strategic capital allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs2.26 Trillion
% of Total Assets	42.64%
Annual Growth Rate	11.54%
5-Year Change	66.92%
10-Year Change	116.87%
Growth Volatility	10.95

Indian Oil Corporation Limited - Net Assets Trend (2002–2026)

This chart illustrates how Indian Oil Corporation Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Indian Oil Corporation Limited.

Annual Net Assets for Indian Oil Corporation Limited (2002–2026)

The table below shows the annual net assets of Indian Oil Corporation Limited from 2002 to 2026. Also explore how fast is Indian Oil Corporation Limited growing its equity to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	Rs2.26 Trillion ≈ $24.39 Billion	+18.07%
2025-03-31	Rs1.91 Trillion ≈ $20.66 Billion	+1.52%
2024-03-31	Rs1.88 Trillion ≈ $20.35 Billion	+31.39%
2023-03-31	Rs1.43 Trillion ≈ $15.49 Billion	+5.99%
2022-03-31	Rs1.35 Trillion ≈ $14.61 Billion	+19.78%
2021-03-31	Rs1.13 Trillion ≈ $12.20 Billion	+17.18%
2020-03-31	Rs962.74 Billion ≈ $10.41 Billion	-15.80%
2019-03-31	Rs1.14 Trillion ≈ $12.37 Billion	-1.45%
2018-03-31	Rs1.16 Trillion ≈ $12.55 Billion	+11.56%
2017-03-31	Rs1.04 Trillion ≈ $11.25 Billion	+34.35%
2016-03-31	Rs774.08 Billion ≈ $8.37 Billion	+10.73%
2015-03-31	Rs699.06 Billion ≈ $7.56 Billion	+1.19%
2014-03-31	Rs690.84 Billion ≈ $7.47 Billion	+7.44%
2013-03-31	Rs642.98 Billion ≈ $6.95 Billion	+3.18%
2012-03-31	Rs623.17 Billion ≈ $6.74 Billion	+4.61%
2011-03-31	Rs595.68 Billion ≈ $6.44 Billion	+9.71%
2010-03-31	Rs542.95 Billion ≈ $5.87 Billion	+15.33%
2009-03-31	Rs470.77 Billion ≈ $5.09 Billion	+2.74%
2008-03-31	Rs458.20 Billion ≈ $4.96 Billion	+19.81%
2007-03-31	Rs382.42 Billion ≈ $4.14 Billion	+18.09%
2006-03-31	Rs323.84 Billion ≈ $3.50 Billion	+11.07%
2005-03-31	Rs291.57 Billion ≈ $3.15 Billion	+15.49%
2004-03-31	Rs252.46 Billion ≈ $2.73 Billion	+23.56%
2003-03-31	Rs204.31 Billion ≈ $2.21 Billion	+24.53%
2002-03-31	Rs164.06 Billion ≈ $1.77 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Indian Oil Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 2101225194.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	Rs357.21 Billion	16.27%
Common Stock	Rs141.21 Billion	6.43%
Other Comprehensive Income	Rs2.06 Trillion	93.73%
Total Equity	Rs2.20 Trillion	100.00%

Indian Oil Corporation Limited Competitors by Market Cap

The table below lists competitors of Indian Oil Corporation Limited ranked by their market capitalization.

Company	Market Cap
CyberArk Software Ltd NASDAQ:CYBR	$20.64 Billion
China Tungsten and Hightech Materials Co Ltd SHE:000657	$20.69 Billion
CMS Energy Corporation NYSE:CMS	$20.69 Billion
China Everbright Bank Co Ltd SHG:601818	$20.71 Billion
Expand Energy Corporation NASDAQ:EXE	$20.54 Billion
First Solar Inc NASDAQ:FSLR	$20.53 Billion
Telefonica MC:TEF	$20.50 Billion
Roku Inc NASDAQ:ROKU	$20.50 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Indian Oil Corporation Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 1,864,873,200,000 to 2,195,175,500,000, a change of 330,302,300,000 (17.7%).
Net income of 420,962,600,000 contributed positively to equity growth.
Dividend payments of 137,024,400,000 reduced retained earnings.
Other comprehensive income increased equity by 522,055,100,000.
Other factors decreased equity by 475,691,000,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs420.96 Billion	+19.18%
Dividends Paid	Rs137.02 Billion	-6.24%
Other Comprehensive Income	Rs522.06 Billion	+23.78%
Other Changes	Rs-475.69 Billion	-21.67%
Total Change	Rs-	17.71%

Book Value vs Market Value Analysis

This analysis compares Indian Oil Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.85x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 7.75x to 0.85x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-03-31	Rs17.39	Rs134.75	x
2005-03-31	Rs19.93	Rs134.75	x
2006-03-31	Rs22.25	Rs134.75	x
2007-03-31	Rs26.54	Rs134.75	x
2008-03-31	Rs31.67	Rs134.75	x
2009-03-31	Rs33.04	Rs134.75	x
2010-03-31	Rs38.09	Rs134.75	x
2011-03-31	Rs41.81	Rs134.75	x
2012-03-31	Rs43.84	Rs134.75	x
2013-03-31	Rs45.77	Rs134.75	x
2014-03-31	Rs49.31	Rs134.75	x
2015-03-31	Rs49.98	Rs134.75	x
2016-03-31	Rs55.18	Rs134.75	x
2017-03-31	Rs74.14	Rs134.75	x
2018-03-31	Rs82.69	Rs134.75	x
2019-03-31	Rs81.67	Rs134.75	x
2020-03-31	Rs69.27	Rs134.75	x
2021-03-31	Rs81.21	Rs134.75	x
2022-03-31	Rs96.96	Rs134.75	x
2023-03-31	Rs101.46	Rs134.75	x
2024-03-31	Rs133.18	Rs134.75	x
2025-03-31	Rs135.36	Rs134.75	x
2026-03-31	Rs159.41	Rs134.75	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Indian Oil Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 19.18%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.37%
• Asset Turnover: 1.48x
• Equity Multiplier: 2.41x
Recent ROE (19.18%) is above the historical average (16.02%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2002	18.10%	2.48%	1.97x	3.72x	Rs12.56 Billion
2003	33.89%	5.49%	1.95x	3.16x	Rs46.38 Billion
2004	32.72%	6.91%	1.74x	2.73x	Rs54.42 Billion
2005	21.50%	4.48%	1.68x	2.85x	Rs31.56 Billion
2006	16.70%	3.36%	1.62x	3.08x	Rs20.52 Billion
2007	22.38%	4.43%	1.77x	2.85x	Rs45.25 Billion
2008	19.60%	4.12%	1.64x	2.89x	Rs41.89 Billion
2009	5.27%	0.99%	1.77x	2.99x	Rs-21.55 Billion
2010	20.96%	4.71%	1.51x	2.95x	Rs57.52 Billion
2011	14.04%	2.85%	1.54x	3.21x	Rs23.28 Billion
2012	7.00%	1.03%	1.86x	3.64x	Rs-18.11 Billion
2013	7.06%	0.96%	1.94x	3.77x	Rs-18.55 Billion
2014	10.43%	1.45%	1.83x	3.93x	Rs2.94 Billion
2015	7.14%	1.09%	1.92x	3.40x	Rs-19.71 Billion
2016	15.82%	3.47%	1.43x	3.18x	Rs44.23 Billion
2017	19.44%	5.59%	1.30x	2.68x	Rs96.40 Billion
2018	19.49%	5.16%	1.46x	2.60x	Rs108.02 Billion
2019	15.45%	3.28%	1.58x	2.98x	Rs61.30 Billion
2020	-0.94%	-0.18%	1.48x	3.46x	Rs-104.33 Billion
2021	19.35%	5.95%	1.03x	3.17x	Rs104.54 Billion
2022	18.80%	4.26%	1.44x	3.08x	Rs117.49 Billion
2023	7.01%	1.16%	1.91x	3.16x	Rs-41.80 Billion
2024	22.75%	5.38%	1.61x	2.63x	Rs233.88 Billion
2025	7.29%	1.79%	1.50x	2.72x	Rs-50.51 Billion
2026	19.18%	5.37%	1.48x	2.41x	Rs201.45 Billion

Industry Comparison

This section compares Indian Oil Corporation Limited's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.

Industry Context

Industry: Oil & Gas Refining & Marketing
Average net assets among peers: $332,781,630,588
Average return on equity (ROE) among peers: 9.25%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Indian Oil Corporation Limited (IOC)	Rs2.26 Trillion	18.10%	1.35x	$20.58 Billion
Bharat Petroleum Corporation Limited (BPCL)	$178.52 Billion	10.54%	3.46x	$14.02 Billion
Castrol India Limited (CASTROLIND)	$14.14 Billion	41.22%	0.69x	$2.02 Billion
Gandhar Oil Refinery (India) Limited (GANDHAR)	$3.84 Billion	4.87%	2.31x	$274.11 Million
GP Petroleums Limited (GULFPETRO)	$2.19 Billion	7.10%	0.35x	$33.69 Million
Hindustan Petroleum Corporation Limited (HINDPETRO)	$322.63 Billion	-21.64%	4.00x	$8.06 Billion
Mangalore Refinery and Petrochemicals Limited (MRPL)	$141.97 Billion	13.56%	2.13x	$3.15 Billion
Panama Petrochem Limited (PANAMAPET)	$2.49 Billion	7.11%	1.00x	$295.41 Million
Reliance Industries Limited (RELIANCE)	$2.00 Trillion	11.27%	1.15x	$181.47 Billion

About Indian Oil Corporation Limited

NSE:IOC India Oil & Gas Refining & Marketing

Market Cap

$20.58 Billion

Rs1.90 Trillion INR

Market Cap Rank

#1250 Global

#35 in India

Share Price

Rs134.75

Change (1 day)

+2.06%

52-Week Range

Rs131.81 - Rs187.47

All Time High

Rs187.47