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HomeINVESTMENTShare Price Only ₹173; Ready To Cross ₹215; Company Is Set To...

Share Price Only ₹173; Ready To Cross ₹215; Company Is Set To Give Dividend

Indian Oil Corporation Ltd (NSE: IOC): There is a trend of bullishness in the market. The earning season has also started from Thursday’s trading session, in which Tata Group’s largest company Tata Consultancy Services i.e. TCS will present the results of the first quarter of this year. 

Meanwhile, there will be a flow of dividend-related news in the market for the next few days.

Indian Oil Corporation Ltd Dividend

Indian Oil Corporation Ltd (IOC) is all set to give dividends to its investors. The Indian Oil dividend was announced by the board during the Q4 FY2024 results. Apart from this, the Indian Oil Corporation Ltd Board had already fixed the ex-date and record date.

Indian Oil Corporation Ltd shares were trading at Rs 173.20 at 10 am on Thursday. It is ready to cross ₹215 level.

According to the exchange filing, the board of Indian Oil Corporation Ltd had approved the proposal to pay a 70 percent final dividend to the shareholders on each stock with a face value of Rs 10. Accordingly, a 70 percent dividend means a payment of Rs 7.

Indian Oil Corporation Ltd had said in an April 30 filing, “…the board has proposed an annual dividend that is 70 percent throughout 2023-24. i.e. 7 rupees per equity share, based on at least Rs10 on share capital that has been paid.”

Later in May, Indian Oil announced the ex-date and record date for the 70 percent dividend payment. Shares of Indian Oil will trade on July 12, the ex-date for the dividend of Rs 7, which is also the record date.

“Friday, July 12, 2024, has been selected as the record date to determine the eligibility of members to receive the final dividend for the year ended March 31, 2024,” IOC had said in a filing on May 30.

Indian Oil Corporation Ltd Dividend History

Indian Oil Corporation Ltd paid dividends on two occasions in 2023. The dividend was Rs 5.50 in November, and three rupees in July.

In the year 2022, Indian Oil Corporation Ltd rewarded its investors by paying a dividend of Rs 2.40 in August and Rs 4 in February. In July of that same calendar year, IOC gave out bonus shares with a ratio of 1:2.

In the year 2021, Indian Oil distributed dividends on four occasions. It gave a dividend that was Rs 5.50 in November as well as 1.50 in August, 1.50 rupees for August, 3.50 rupees in March, and the dividend was 7.50 rupees for February.

Indian Oil Corporation Ltd Stock Performance

Current Price₹ 174
52-wk High₹ 197 
52-wk Low₹ 85.5
5 Days Return2.17%
1 Month Return3.98%

Key Fundamentals Parameters

Market Cap₹ 2,45,427 Cr.
Stock P/E5.90
Book Value₹ 130
Dividend6.91 %
ROCE21.2 %
ROE25.8 %
Face Value₹ 10.0
P/B Value1.33
OPM9.74 %
EPS₹ 29.6
Debt₹ 1,32,628 Cr.
Debt to Equity0.72

Indian Oil Corporation Ltd Shareholding Pattern

Promoters Holding
Mar 202351.50%
June 202351.50%
Sept 202351.50%
Dec 202351.50%
Mar 202451.50%
FII Holding
Mar 20236.91%
Jun 20237.56%
Sep 20237.84%
Dec 20238.84%
Mar 20248.49%
DII Holding
Mar 202311.92%
Jun 202311.55%
Sep 202310.70%
Dec 20239.90%
Mar 202410.23%
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Govt. Holding
Mar 202319.60%
Jun 202319.60%
Sep 202319.60%
Dec 202319.60%
Mar 202419.57%
Public Holding
Mar 202310.06%
Jun 20239.77%
Sep 202310.36%
Dec 202310.13%
Mar 202410.18%

Indian Oil Corporation Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 483,763 Cr
2021₹ 363,950 Cr
2022₹ 589,321 Cr
2023₹ 841,756 Cr
2024₹ 776,352 Cr

Last 5 Years’ Net Profit:

2020₹ -1,876 Cr
2021₹ 21,762 Cr
2022₹ 25,727 Cr
2023₹ 11,704 Cr
2024₹ 43,161 Cr

Conclusion

This article provides a detail guide about Indian Oil Corporation Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. 

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