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HomePRICE TARGETIndian Oil Corporation(IOC) Share Price Target 2023, 2024, 2025, 2026, 2030

Indian Oil Corporation(IOC) Share Price Target 2023, 2024, 2025, 2026, 2030

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Hello friends, the stock market is such a place where if good companies are selected at the right time, then this company can give you a good profit.

The more the share prices of these companies increase the higher profits you will earn. However, getting started isn’t as easy as it appears.

Choosing a good company is a big deal for a person. Some people earn money in the long term from the stock market while some people earn money by trading in the short term. Everyone’s risk and Reward points vary.

Now you have to make a proper investment plan according to your risk-to-reward ratio, so without wasting any time let us move ahead

The company we are going to discuss today is a Maharatna company which is run by the government that is Indian Oil Corporation Ltd(IOC).

Its current market cap is Rs 1,34,092 crore. The company provides a strong dividend to its investors.

With this, its face value is ₹ 10, return on equity is more than 7.17%, profit growth is more than 23 percent, the company has reserves of ₹ 125949 crore, the company has liabilities of ₹ 206647 crore and assets of ₹ 148706 crore.

If we analyze the sales of the business the company is showing an ever-growing number of sales and their net profits of business is also growing continuously.

IOC Share Overview

Indian Oil Corporation Limited (IOCL) is the country’s biggest commercial enterprise and is an official Fortune Global 500 company. 

The company works in sectors like Refinery, Pipeline, Transportation, Marketing of Petroleum Products, distribution of natural gas, Research and Development, Exploration and Production, along with marketing.

Its natural gas and petrochemicals have India’s largest refinery, along with this the company owns 11 more refineries.

The company is a part of pipelines, refineries, and marketing terminals and is present across all sectors of the value chain. 

It also participates in the development and research of new technologies in order to increase the effectiveness and sustain ableness in its business.

With a strong dedication to social responsibility, Indian Oil is actively engaged in numerous CSR programs in the fields of health, education, as well as community growth. 

In general, Indian Oil is a significant participant in the Indian energy sector, ensuring security in energy and promoting economic growth.

IOC Share Price Target 2023

Indian Oil Corporation Limited is a Government of India corporation owned by the Department of Petroleum and Natural Gas. Its headquarters for IOC is located in New Delhi. 

It is the biggest oil company owned by the state in India and has an estimated net profit of 6.1 crore in the 2021 fiscal year. The IOC is a part of companies that filter oil. 

IOC was founded in 1959, as the Indian Oil Company, but was later changed to Indian Oil Corporation in 1964 because of the addition of smaller refineries.

In this portion of the report, We are going to try to understand and forecast two stock prices that IOC could target. The first target price for IOC Share price Target 2023 is likely to be around 120. The second target is Rs 125.

IOC Share Price Target 2024

Indian Oil Corporation was awarded the title ‘Maharatna’ in recognition of generating the highest profits and revenue in the Government of India. 

Indian Oil Corporation has very diverse business interests that it is able to accomplish by establishing joint ventures with different business firms in India and overseas to assess its possibilities on the international market. 

IOC intends to invest around Rs 7000 crore. In the process of establishing gas distribution networks for cities in cities in which IOC has been able to receive its license during recent tenders.

The cost of the two shares that are targeted by IOC that the company has the potential of achieving within the next year 2023. 

IOC Stock Price Target 2024: The first share target in 2024 is about Rs 140. The second target for the stock is about Rs 150.

IOC Share Price Target 2025

IOC was named for the Fortune Global 500 company of India. IOC does not just operate in the refining business but is involved in other businesses relating to transportation pipelines as well as petroleum chemicals and gas marketing. 

IOC is planning to close 10,000 charging stations for electric vehicles in the next three years as the government seeks to impress the public by reducing electricity waste to zero in 2070. 

IOC is working to establish a charging network that offers convenience to individuals, allowing them to charge their electric vehicles.

In this section of the article, we will try to give the IOC share price target that which IOC is capable of achieving by 2025. 

IOC Share Price Target in 2025: The first share price target the company has been capable of achieving was around 170 rupees. The second target for the share price is 180 rupees.

IOC Share Price Target 2026

In the financial year 2021, IOC received approval from its board of directors to purchase 4.93 percent of the shares of the capital IGX which is also called The Indian Gas Exchange. 

Return on assets is also known as ROA which is a measure of the extent to which a business’s success can be in its investment in assets. 

IOC ROA is around 6.36 percent which is a negative indication of the future of their performance. IOC Developers holds 51.5 percent of the company’s market share.

IOC The Share Price Target 2026: The first share price target of 2026 could be around Rs 220. The second share target of the stock could be around Rs 240.

IOC Share Price Target 2030

IOC’s profit growth during the past financial year is thought to be the most of any company with 1562.77 percent which is a positive indicator for any business. 

ROE percent equity for the year ended was around 21.38 percent. The ROCE% of IOC over the past year was about 15.91 percent. IOC has a good rate of 8.52.

The two targets for share prices for Indian Oil Corporation Company have been reached by the end of the decade i.e. by 2030. 

IOC Share Price Target 2030: The first share price target for 2030 is about 400 rupees. The next share price target is about Rs 450.

analysis of future business prospects of Indian Oil Corporation Limited:

Here’s a brief summary of the business plans for the future of Indian Oil Corporation Limited (IOC):

Development in the Indian economy Growth: The Indian economy is expected to expand at an impressive rate in the upcoming years, resulting in a surge in the demand for petroleum products. IOC is well-positioned to profit from this increase since it is the biggest refinery and marketing company in India.

A greater focus on renewable energy sources: IOC invests heavily in renewable sources of energy such as solar and wind power. It is line with the goals of the government to reach net zero emissions in 2070. Renewable energy in the IOC’s portfolio is set to grow significantly over the coming years.

Expanding into new markets: IOC is also planning to expand into other markets including Africa as well as Southeast Asia. This will enable the company to increase its income streams and decrease its dependency on the Indian market.

Stronger financial position: IOC is in a good financial position with a healthy balance sheet as well as very low levels of debt. This allows IOC to invest in new projects as well as acquisitions.

The business prospects for IOC are optimistic: The company is well placed to profit from the expansion in India’s Indian economic system, as well as its emphasis on renewable energy and the expansion of its business in new areas of business.

Here are a few specific aspects that could affect the future prospects of IOC:

The cost for crude oil: IOC is a crude oil-based company, and therefore the cost of oil in the crude market will be a major impact on its profits.

Policies of the government: The policies of the government on emissions, fuel prices as well as renewable energy, will influence the IOC’s business.

The challenge: IOC faces competition from other companies in the field of oil and gas in both the domestic and international markets.

The speed of technological advancement: The rate of technological changes in the industry of oil and gas is swift and IOC will have to invest in the latest technologies to stay competitive.

Overall, the business prospects for IOC are favorable. But IOC must be able to be able to handle the risks that come with the gas and oil industry to realize its maximum potential.

When it comes to whether IOC is a great stock to invest in we would suggest that it is dependent on your investment objectives and your risk tolerance. IOC is a huge and established company with solid financial standing. 

However, it’s an uncyclical stock, which means that its price could fluctuate in the short term. 

If you’re looking for an investment with a long-term outlook, IOC could be a suitable alternative. If, however, you’re cautious about risk, you might be interested in other options.

Indian Oil Corporation Shareholding Pattern

The shareholding pattern for IOC Share (IOCL) follows:

  • Government share: 54.92 percent
  • Promoters: 51.50 percent
  • Retail & Other Companies: 30.21%
  • Other Domestic Institutions Holding: 8.98%
  • Foreign Institutions Holding: 7.22%
  • Mutual Funds Holding: 2.09%

conclusion

This article is a complete guide to IOC Share Price Target, where you can find out what IOC is, its businesses, and IOC Share Price Target 2023, 2024, 2025, 2026, 2030.

Share price forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. Also, We have talked in detail about IOC’s future prospects and growth potential.

Hopefully, this information will help by having all the share price details of IOC so that you can consider investing in the future. If you have any questions, please contact us in the comment box.

We will be happy to answer any questions you may have. If you like this information, share the article with as many people as possible.

FAQ

What is the share price of IOC share in 2025?

Based on the extensive research conducted on IOC, the value of IOC in 2025 is likely to be between Rs 170 to Rs 180.

What is the future share price of IOC in the next 10 years?

Based on the study, the price of IOC in the next 10 years will be between Rs 800 to Rs 960 in 2033. The price of the shares of IOC could be lower or higher than anticipated, but that is the range of prices expected.

Is IOC Profitable?

According to a report that was conducted in September, this firm is currently performing well in its field and the profit it earned was higher than more than 25,000 Cr.

Is IOC good for long-term investment?

The company is currently doing extremely well in its industry. In the near future, IOC plans to install EV Charging Stations with distances from 25 km to 50 km. 

We can conclude that IOC is positive in the long term if the company achieves positive results within the next few years.

Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. Though this is just for informational purposes, We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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