IndianOil Valuation Multiples

IndianOil Overview

About IndianOil

Indian Oil Corp Ltd conducts business across the entire hydrocarbon value chain, from refining, pipeline transportation and marketing, to exploration and production of crude oil and gas, petrochemicals, gas marketing, alternative energy sources, and globalisation of downstream operations. The group is engaged in the following business segments: Sale of Petroleum Products, Sale of Petrochemicals, Sale of Gas, and the Other operating segment, which includes oil and gas exploration activities, explosives and cryogenic business, and windmill and solar power generation. The majority of its revenue is generated from the sale of petroleum products such as motor spirit, high speed diesel, liquified petroleum gas, aviation turbine fuel, and others. Geographically, it derives key revenue from India.

Founded

1959

HQ

Employees

29.9K

Website

iocl.com

Sectors

UtilitiesOil & GasEnergy Production

Financials (LTM)

Revenue: $82B

EBITDA: $7B

EV

$36B

Valuation Multiples

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IndianOil Financials

IndianOil reported last 12-month revenue of $82B and EBITDA of $7B.

In the same LTM period, IndianOil generated $15B in gross profit, $7B in EBITDA, and $4B in net income.

IndianOil P&L

In the most recent fiscal year, IndianOil reported revenue of $102B and EBITDA of $5B.

IndianOil expects next 12-month revenue of XXX and NTM EBITDA of XXX

IndianOil Stock Performance

IndianOil has current market cap of $22B, and enterprise value of $36B.

IndianOil's stock price is $1.59.

IndianOil Valuation Multiples

IndianOil trades at 0.4x EV/Revenue multiple, and 5.2x EV/EBITDA.

IndianOil Financial Valuation Multiples

As of April 21, 2026, IndianOil has market cap of $22B and EV of $36B.

Equity research analysts estimate IndianOil's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

IndianOil has a P/E ratio of 6.3x.

IndianOil Margins & Growth Rates

IndianOil's revenue in the last 12 month grew by 10%.

IndianOil's revenue per employee in the last FY averaged $3.4M, while opex per employee averaged $0.2M for the same period.

IndianOil's rule of 40 is 15% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

IndianOil's rule of X is 26% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

IndianOil Public Comps

See public comps and valuation multiples for other Utilities and Oil & Gas comps.

IndianOil M&A Activity

IndianOil acquired XXX companies to date.

Last acquisition by IndianOil was on XXXXXXXX, XXXXX. IndianOil acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

IndianOil Investment Activity

IndianOil invested in XXX companies to date.

IndianOil made its latest investment on XXXXXXXX, XXXXX. IndianOil invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).