Indian Oil Corporation

Indian Oil Corporation ROCE

The Return on Capital Employed (ROCE) of Indian Oil Corporation (IOC.NS) as of Nov 12, 2026 is 26.50 %. In the previous year, Return on Capital Employed (ROCE) was 42.41 % — a change of -37.51% (lower).

ROCE

26.50 %

YoY

-37.51%

Last updated:

In 2026, Indian Oil Corporation's return on capital employed (ROCE) was 26.50 %, a -37.51% increase from the 42.41 % ROCE in the previous year.

The Indian Oil Corporation ROCE history

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ROCE
Date
ROCE
Jan 1, 2019
58.83 INR
Jan 1, 2020
53.77 INR
Jan 1, 2021
63.84 INR
Jan 1, 2022
61.81 INR
Jan 1, 2023
53.19 INR
Jan 1, 2024
62.20 INR
Jan 1, 2025
42.41 INR
Jan 1, 2026
26.50 INR
The Indian Oil Corporation ROCE history
YEARROCEYoY
26.50 %-37.51%
42.41 %-31.81%
62.20 %+16.95%
53.19 %-13.95%
61.81 %-3.18%
63.84 %+18.73%
53.77 %-8.61%
58.83 %+0.23%
58.70 %-7.25%
63.28 %-0.36%
63.52 %+15.75%
54.87 %+69.14%
32.44 %—

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Indian Oil Corporation Stock analysis

What does Indian Oil Corporation do? Indian Oil Corporation Ltd, or IOC for short, is a state-owned company and the largest refinery company in India. It was established in 1959 as Indian Oil Company Limited with the main goal of supplying the country with petroleum products that were previously imported from foreign companies. Today, Indian Oil Corporation is active in the entire petroleum production supply chain, from exploration, production, and processing to the sale of petroleum products and the development of solar energy and biomass. The company has around 44,000 fuel stations in India and serves over 120 million customers per day. It also operates in Nepal, Sri Lanka, Bhutan, and Mauritius. Its main business areas include refining, transportation, and marketing of oil products. In the refining sector, the company owns seven refineries in India and one in Sri Lanka, with a total capacity of 80.7 million metric tons per year. The company produces a wide range of products such as gasoline, diesel, heavy oil, liquefied petroleum gas, kerosene, lubricants, as well as petrochemical products like ethylene, propylene, polypropylene, and polyethylene. Another important business area is pipeline transportation. The company operates a network of around 13,000 kilometers of pipelines in India, allowing it to transport crude oil and petrochemical products and supply its refineries with raw materials. The third pillar of Indian Oil Corporation's business model is the sale of petroleum products. The company operates a network of retail fuel stations in India. It also supplies industrial fuels to companies such as power and manufacturing companies and other large customers. Indian Oil Corporation also has a strong presence in the renewable energy sector. It is the largest producer of biofuels in India and operates a solar and wind energy plant. The company is currently also developing ways to utilize biomass as an alternative energy source. The company has also emerged as a leader in fuel efficiency and offers various low-emission fuels that contribute to reducing environmental impact. One example is the "XP100" fuel system, which provides improved engine efficiency and reduced greenhouse gas emissions. Overall, Indian Oil Corporation Ltd is a significant company in the Indian energy sector. It has a strong presence throughout the petroleum production supply chain and has also taken a leading role in renewable energy and fuel efficiency. With its comprehensive efforts in harnessing solar, wind, and biomass energy sources, as well as its extensive promotion of alternative fuels and energy efficiency, the company seems well-equipped to continue advancing and driving innovation in the Indian energy sector. Indian Oil Corporation is one of the most popular companies on Eulerpool.

ROCE Details

Unraveling Indian Oil Corporation's Return on Capital Employed (ROCE)

Indian Oil Corporation's Return on Capital Employed (ROCE) is a financial metric that measures the company's profitability and efficiency with respect to the capital employed. It is calculated by dividing earnings before interest and tax (EBIT) by the employed capital. A higher ROCE indicates that the company is effectively utilizing its capital to generate profits.

Year-to-Year Comparison

Analyzing Indian Oil Corporation's ROCE annually provides valuable insights into its efficiency in using its capital to generate profits. An increasing ROCE indicates improved profitability and operational efficiency, whereas a decrease might signal potential issues in capital utilization or business operations.

Impact on Investments

Indian Oil Corporation's ROCE is a critical factor for investors and analysts for evaluating the company’s efficiency and profitability. A higher ROCE can make the company an attractive investment, as it often signifies that the firm is generating adequate profits from its employed capital.

Interpreting ROCE Fluctuations

Changes in Indian Oil Corporation’s ROCE are attributed to variations in EBIT or the capital employed. These fluctuations offer insights into the company’s operational efficiency, financial performance, and strategic financial management, assisting investors in making informed investment decisions.

Frequently Asked Questions about Indian Oil Corporation stock

Return on Capital Employed (ROCE) of Indian Oil Corporation is 26.50 % in 2026.

Return on Capital Employed (ROCE) of Indian Oil Corporation changed from 42.41 % to 26.50 %, representing a -37.51% change. The value is lower than the previous year.

On Eulerpool you can find the complete historical development of Return on Capital Employed (ROCE) Indian Oil Corporation since 2006 – with annual values, charts, and detailed analysis.

ROCE is a profitability measure and stands for Return on Capital Employed or the return on invested capital. The measure shows the ratio of operating profit to the interest-bearing capital employed. The higher the return on capital employed, the more profitable a company operates and the higher the important free cash flow. The free cash flow refers to the portion of profits that is not needed for expanding the company at the end of a period, but is available to shareholders.

A 'good' varies by industry and company stage. On Eulerpool, you can compare Return on Capital Employed (ROCE)'s Indian Oil Corporation with sector peers and the industry average to assess whether it is attractive.

To evaluate Return on Capital Employed (ROCE)'s, it is essential to compare it with peers in the same industry and sector. On Eulerpool, you can find direct industry comparisons for Return on Capital Employed (ROCE).

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Profitability — Indian Oil Corporation

ROEROAROCEROICAsset TurnoverInventory TurnoverReceivables TurnoverDays Sales OutstandingDays Inventory OutstandingDays Payable OutstandingCash Conversion CycleCROICGross Profit/AssetsFixed Asset TurnoverEquity TurnoverWorking Capital TurnoverPayables TurnoverCapital IntensityReceivables/RevenueInventory/RevenueEBIT/Assets

All Key Metrics — Indian Oil Corporation