Indian Oil Corporation Ltd.
ABOUT
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation, and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has a leadership position in the Oil refining & petroleum marketing sector of India.
KEY POINTS
Refining Capacity
The Largest Refining Company in India. The company owns 11 refineries across India with a total capacity of 80.60 MMTPA. It possesses 32% of the total refining capacity of India. Two of its refineries in Chennai are owned by its subsidiary Chennai Petroleum Corporation Ltd in which the company owns a 52% stake. Market share of more than 32% share in the domestic refining sector as on June 30, 2022.
Capacity Utilization
Utilization for FY21 fell to 90% from previously 100% but was back up again to 97% for FY22
Pipeline Network
Presently, the company has ~15,000 km of pipelines spread across India with a total capacity of ~96 MMTPA liquid pipeline capacity and ~21.7 MMSCMD Gas pipeline capacity.
It owns ~73% of Crude Pipelines and ~52% of Product pipelines that are spread across India. The average capacity utilization of pipelines for the past 3 years has been ~85%.
Revenue Breakup
As of FY22, High-speed diesel (HSD) accounts for ~47% of revenues, followed by Motor spirit (22%), liquefied petroleum gas (13%), Aviation turbine fuel (3%), Superior Kerosene Oil (1%) and others (14%).
Customer Touch-Points
Presently, the company operates ~34,500 retail outlets (petrol pumps), ~12,800 LPG distributors, ~7,000 bulk consumer pumps, and ~3,900 SKO/ LDO Dealerships.
The company is a leader in market infrastructure and controls 42% of retail outlets, 51% of LPG distributorships, and 48% of Aviation Fuel stations in India.
Crude Imports
The company fulfills its crude oil requirements by importing crude from across the world. It sources 65% of its needs from the Middle East, followed by Africa (27%), North America (4%), South-East Asia (1%), Europe(1%), and Central Asia (1%).
Geographical Presence
The company also has a presence in Sri Lanka, Mauritius, UAE, Singapore, Sweden, the USA, and the Netherlands through its subsidiaries.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Aggressive long in FUT.
2. Average traded volume.
3. 80 is a crucial level in option chain data.
FUNDAMENTAL ANALYSIS.
Sector: Refineries
1. Market Cap - ₹ 111,417 Cr.
2. Stock P/E - 8.73
3. Price to book value - ₹ 90.2
4. Debt to equity - 1.26
5. Free Cash Flow - ₹ 1,533 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #oil
ABOUT
Indian Oil Corporation Ltd is a Maharatna Company controlled by GOI that has business interests straddling the entire hydrocarbon value chain - from Refining, Pipeline transportation, and marketing of Petroleum products to R&D, Exploration & production, marketing of natural gas and petrochemicals. It has a leadership position in the Oil refining & petroleum marketing sector of India.
KEY POINTS
Refining Capacity
The Largest Refining Company in India. The company owns 11 refineries across India with a total capacity of 80.60 MMTPA. It possesses 32% of the total refining capacity of India. Two of its refineries in Chennai are owned by its subsidiary Chennai Petroleum Corporation Ltd in which the company owns a 52% stake. Market share of more than 32% share in the domestic refining sector as on June 30, 2022.
Capacity Utilization
Utilization for FY21 fell to 90% from previously 100% but was back up again to 97% for FY22
Pipeline Network
Presently, the company has ~15,000 km of pipelines spread across India with a total capacity of ~96 MMTPA liquid pipeline capacity and ~21.7 MMSCMD Gas pipeline capacity.
It owns ~73% of Crude Pipelines and ~52% of Product pipelines that are spread across India. The average capacity utilization of pipelines for the past 3 years has been ~85%.
Revenue Breakup
As of FY22, High-speed diesel (HSD) accounts for ~47% of revenues, followed by Motor spirit (22%), liquefied petroleum gas (13%), Aviation turbine fuel (3%), Superior Kerosene Oil (1%) and others (14%).
Customer Touch-Points
Presently, the company operates ~34,500 retail outlets (petrol pumps), ~12,800 LPG distributors, ~7,000 bulk consumer pumps, and ~3,900 SKO/ LDO Dealerships.
The company is a leader in market infrastructure and controls 42% of retail outlets, 51% of LPG distributorships, and 48% of Aviation Fuel stations in India.
Crude Imports
The company fulfills its crude oil requirements by importing crude from across the world. It sources 65% of its needs from the Middle East, followed by Africa (27%), North America (4%), South-East Asia (1%), Europe(1%), and Central Asia (1%).
Geographical Presence
The company also has a presence in Sri Lanka, Mauritius, UAE, Singapore, Sweden, the USA, and the Netherlands through its subsidiaries.
TECHNICAL ANALYSIS.
Time Frame - 1D.
1. Aggressive long in FUT.
2. Average traded volume.
3. 80 is a crucial level in option chain data.
FUNDAMENTAL ANALYSIS.
Sector: Refineries
1. Market Cap - ₹ 111,417 Cr.
2. Stock P/E - 8.73
3. Price to book value - ₹ 90.2
4. Debt to equity - 1.26
5. Free Cash Flow - ₹ 1,533 Cr.
DISCLAIMER - All analyses are for educational purposes. it is not trading or investment advice.
#education #markets #equities #stockmarket #technicalanalysis #stocks #investment #trading #india #finance #fundamentalanalysis #nse #bse #supertrend #education #investing #investments #financialmarkets #learningeveryday #learning #oil