Indian Oil Corporation Limited (IOC) - Net Assets

Latest as of September 2025: Rs2.02 Trillion INR ≈ $21.84 Billion USD

Based on the latest financial reports, Indian Oil Corporation Limited (IOC) has net assets worth Rs2.02 Trillion INR (≈ $21.84 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.16 Trillion ≈ $55.85 Billion USD) and total liabilities (Rs3.15 Trillion ≈ $34.01 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 IOC asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs2.02 Trillion
% of Total Assets	39.1%
Annual Growth Rate	11.26%
5-Year Change	69.33%
10-Year Change	146.78%
Growth Volatility	11.11

Indian Oil Corporation Limited - Net Assets Trend (2002–2025)

This chart illustrates how Indian Oil Corporation Limited's net assets have evolved over time, based on quarterly financial data. Also explore Indian Oil Corporation Limited total assets for the complete picture of this company's asset base.

Annual Net Assets for Indian Oil Corporation Limited (2002–2025)

The table below shows the annual net assets of Indian Oil Corporation Limited from 2002 to 2025. For live valuation and market cap data, see Indian Oil Corporation Limited (IOC) total market value.

Year	Net Assets	Change
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 1123255194.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs190.95 Billion	10.24%
Common Stock	Rs137.72 Billion	7.38%
Other Comprehensive Income	Rs1.54 Trillion	82.33%
Other Components	Rs799.40 Million	0.04%
Total Equity	Rs1.86 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
Veralto Corporation NYSE:VLTO	$21.76 Billion
Coles Group Ltd AU:COL	$21.77 Billion
VONOVIA SE ADR 1/2/O.N F:VNAA	$21.78 Billion
POP MART INT.GRP.DL-0001 F:735	$21.78 Billion
Airports of Thailand Public Company Limited F:NYVQ	$21.71 Billion
BOE Technology Group Co Ltd SHE:000725	$21.70 Billion
Telefonica MC:TEF	$21.69 Billion
Veolia Environnement VE SA PA:VIE	$21.66 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 2024 to 2025, total equity changed from 1,834,162,700,000 to 1,864,873,200,000, a change of 30,710,500,000 (1.7%).
Net income of 135,978,400,000 contributed positively to equity growth.
Dividend payments of 95,451,000,000 reduced retained earnings.
Other comprehensive income increased equity by 1,228,009,400,000.
Other factors decreased equity by 1,237,826,300,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs135.98 Billion	+7.29%
Dividends Paid	Rs95.45 Billion	-5.12%
Other Comprehensive Income	Rs1.23 Trillion	+65.85%
Other Changes	Rs-1.24 Trillion	-66.38%
Total Change	Rs-	1.67%

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: 1.05x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 8.18x to 1.05x 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	Rs142.25	x
2005-03-31	Rs19.93	Rs142.25	x
2006-03-31	Rs22.25	Rs142.25	x
2007-03-31	Rs26.54	Rs142.25	x
2008-03-31	Rs31.67	Rs142.25	x
2009-03-31	Rs33.04	Rs142.25	x
2010-03-31	Rs38.09	Rs142.25	x
2011-03-31	Rs41.81	Rs142.25	x
2012-03-31	Rs43.84	Rs142.25	x
2013-03-31	Rs45.77	Rs142.25	x
2014-03-31	Rs49.31	Rs142.25	x
2015-03-31	Rs49.98	Rs142.25	x
2016-03-31	Rs55.18	Rs142.25	x
2017-03-31	Rs74.14	Rs142.25	x
2018-03-31	Rs82.69	Rs142.25	x
2019-03-31	Rs81.67	Rs142.25	x
2020-03-31	Rs69.27	Rs142.25	x
2021-03-31	Rs81.21	Rs142.25	x
2022-03-31	Rs96.96	Rs142.25	x
2023-03-31	Rs101.46	Rs142.25	x
2024-03-31	Rs133.18	Rs142.25	x
2025-03-31	Rs135.36	Rs142.25	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): 7.29%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.79%
• Asset Turnover: 1.50x
• Equity Multiplier: 2.72x
Recent ROE (7.29%) is below the historical average (15.89%), suggesting potential challenges in 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

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: $268,326,591,241
Average return on equity (ROE) among peers: 20.23%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Indian Oil Corporation Limited (IOC)	Rs2.02 Trillion	18.10%	1.56x	$21.72 Billion
Bharat Petroleum Corporation Limited (BPCL)	$385.89 Billion	7.92%	2.91x	$14.10 Billion
Castrol India Limited (CASTROLIND)	$6.04 Billion	79.61%	1.33x	$1.98 Billion
Gandhar Oil Refinery (India) Limited (GANDHAR)	$1.40 Billion	21.94%	4.43x	$146.85 Million
GP Petroleums Limited (GULFPETRO)	$1.27 Billion	3.97%	0.80x	$18.12 Million
Hindustan Petroleum Corporation Limited (HINDPETRO)	$309.81 Billion	8.52%	2.77x	$8.62 Billion
Mangalore Refinery and Petrochemicals Limited (MRPL)	$23.95 Billion	15.51%	2.47x	$3.18 Billion
Panama Petrochem Limited (PANAMAPET)	$2.49 Billion	7.11%	1.00x	$183.06 Million
Reliance Industries Limited (RELIANCE)	$1.42 Trillion	17.25%	0.83x	$209.40 Billion

About Indian Oil Corporation Limited

NSE:IOC India Oil & Gas Refining & Marketing

Market Cap

$21.72 Billion

Rs2.01 Trillion INR

Market Cap Rank

#1169 Global

#34 in India

Share Price

Rs142.25

Change (1 day)

-1.35%

52-Week Range

Rs134.05 - Rs187.47

All Time High

Rs187.47