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IOC Share Price Target 2024, 2025, 2030, 2040, 2050

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This company is involved in everything related to oil and gas. As it is an Indian company, so they got lots of orders from the government to fulfill the needs of the country.

What is Indian Oil Corporation Ltd NSE: IOC?

It is an Indian company, that is one of the top competitors in oil refining and petroleum marketing in India. It is the biggest refining company in India, with 11 refineries across the country.

It works in all areas of the oil and gas business, including refining, transporting, and selling petroleum products, doing research, selling natural gas, and more.

IOC Share Price Target 2024

Top investors in India believe that Indian Oil will bring good returns in the future. This company also export their product to other countries. This business is very large, and people think Indian Oil can do well and make good profits in the future. IOC is good at refining oil, with a total capacity of 71.23 million metric tons per year. It handles 32% of the country’s oil refining. So we expect 220 rs would be the price target in 2024.

YearMinimum PriceMaximum Price
2024123220
MonthMinimum PriceMaximum Price
November131211
December120220

IOC Share Price Target 2025

Indian Oil is a leading company in refining crude oil. They also sell a lot of other oil products. They have set up petrol pumps all over India, which helps them sell more. it had the world’s largest oil pipeline, which handled 95.06 million metric tons. The company also added a new 2,451 km pipeline that year. Petrol and diesel prices are increasing from time to time If oil prices keep increasing, the value of Indian Oil’s shares should also go up. In 2025, the price target would be 252 rs.

YearMinimum PriceMaximum Price
2025120252
MonthMinimum PriceMaximum Price
January120165
February132177
March135202
April140219
May154225
June150232
July161235
August170236
September175240
October178241
November185245
December184252

IOC Share Price Target 2030

Indian Oil is a big company, and its products are used every day, so its sales are likely to stay strong. Good management helps the company grow. Its share price is rising fast. Investors are paying close attention, and more people are buying shares. The company is growing quickly and is expected to keep doing well because we all know the future of oil, and gas are likely to be in demand. By keeping in mind these factors the price target would be 712 rs in 2030.

YearMinimum PriceMaximum Price
2030504712
MonthMinimum PriceMaximum Price
January504609
February503615
March505620
April511627
May520637
June526646
July538650
August540652
September545660
October554675
November564689
December580712

Share Price Target 2040

The company does oil business and also provides Gas with underground pipelines, delivering Compressed Natural Gas and Piped Natural Gas to homes and businesses. They cover 49 areas in 105 districts across 21 states. They also supply explosives for mining operations in India. On the other hand half of the company’s shares are owned by promoters, and a lot of shares are held by local institutions. This stable ownership helps keep the share price steady and rising. The future of this company is bright and we can expect 1020 rs as the price target in 2040.

YearMinimum PriceMaximum Price
20247901020
MonthMinimum PriceMaximum Price
January790800
February795819
March812829
April830838
May839850
June845860
July852870
August880900
September886921
October890960
November920970
December9501020

Share Price Target 2050

The company’s refining and petrochemical operations are making it more profitable. Also, their big distribution network helps them lead in fuel sales. New areas like gas and biofuels are growing well, and they’re investing more in hydrogen, electric vehicles, and batteries. They’re also improving profits by using better technology and becoming more efficient. The future outlook is going to be very bright so for the long term, this stock would be the one you need to look it. So in 2050, the price target would be 1800 rs as per our analysis.

YearMinimum PriceMaximum Price
205014001800
MonthMinimum PriceMaximum Price
January14701500
February14801570
March15201600
April15901622
May16001630
June16101650
July16161690
August16501710
September16951760
October17301750
November17401770
December17551800

Price Summary

YearMinimum PriceMaximum Price
2024123220
2025120252
2030504712
20407901020
205014001800

Should I Buy IOC Stock?

Fuel is one of the most demanding things in the world and its consumption is increasing from time to time. IOC is an Indian company which supplies petrol, gas, and diesel and their demand and price are increasing with time. Also, the company’s fundamentals are very good and have a very bright future. So this stock should be on your watchlist.

Indian Oil Corporation Ltd Earning Results(March 2024)

Market Cap₹ 2,38,507 Cr
P/E Ratio5.57
P/B Ratio1.22
ROE6.20%
ROCE6.54%
Dividend Yield7.55%
Debt to Equity0.98
Total Revenue223,649.85 Cr
Other Operating Expenses Total13,043.89 Cr
Operating Income7,876.69 Cr
Net Income5,148.87 Cr

Is IOC Stock Good to Buy? (Bull case & Bear case)

Bull Case:

  • It is well-established having a very big network for selling fuel, which helps it make steady money.
  • The company is expanding into electric vehicles, natural gas, biofuels, hydrogen, and batteries, which could lead to future growth.
  • It pays high dividends, which makes it attractive for investors.
  • It is using better technology and becoming more efficient, which can increase profits.

Bear Case:

  • Its profits are affected by changes in oil prices. If it is decreased by the government then there will be less profit.
  • The company is investing in new areas like hydrogen and EVs as it is a new business for them, so if it does not go well then there will be a loss.

Conclusion

In this article, we have given you the all details information about the IOC. The company is one of the leading companies among its competitors. The fundamentals of the company are good and it gives good returns to the investors. The is dominator on its business. The future of the company looks very bright.

FAQs

It is investing in cleaner energy sources like biofuels and electric vehicles to be more environmentally friendly.

The company has a very strong value in the market, and as it does business with oil and fuel, it is good for investment.

The company plans to provide eco-friendly energy like biofuels, and electric power stations to charge EVs.

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