{"id":12152,"date":"2017-09-25T17:30:35","date_gmt":"2017-09-25T12:00:35","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=12152"},"modified":"2017-09-25T17:36:39","modified_gmt":"2017-09-25T12:06:39","slug":"indian-oil-corporation-ltd","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/equities\/indian-oil-corporation-ltd\/12152","title":{"rendered":"Indian Oil Corporation Ltd."},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Paradip refinery to drive better profitability<\/strong><\/p>\n<p style=\"text-align: justify;\">Indian Oil Corporation Ltd. (IOCL) has a strong presence in refining, marketing, pipelines networks and petrochemicals. It is the largest oil marketing company in India with a ~43% market share. Further, it has the largest network of retail outlets across the country (more than 26,000 outlets). IOCL also has minor interest in the upstream segment.<\/p>\n<div class=\"blog-highlight\" style=\"clear: both; background: #3ba010; border: none; width: 60%; text-align: center; box-shadow: 0 5px 5px rgba(0, 0, 0, 0.5);\"><a style=\"text-decoration: none;\" href=\"http:\/\/www.fundsindia.com\/content\/jsp\/registration\/login.jsp?ref=blog-button\" target=\"_blank\"> <span style=\"color: #fff; font-weight: bold;\">Open<\/span> <span style=\"color: #fff; font-weight: bold; text-decoration: none;\"> a FREE Account Now! <\/span><\/a><\/div>\n<p style=\"text-align: justify;\">Valuation: Within state oil marketing companies (OMCs), IOCL is our top pick given its diversified business model, further ramp-up of Paradeep refinery and potential upside in marketing segment. Moreover, IOCL also offers an attractive dividend yield of ~4.6%. Hence, we continue to maintain BUY rating to the stock with a target price (TP) of Rs. 468 using sum of the part (SOTP) valuation methodology wherein we value its standalone business at Rs. 427 (P\/E of 10.0x for FY19E) and investments at Rs. 41.<\/p>\n<p><a href=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2017\/09\/Research-Report-Indian-Oil-Corporation-Ltd.pdf\">Research Report Indian Oil Corporation Ltd<\/a><\/p>\n<p><i>Investments in equity shares, debentures, etc., are not obligations of, or guaranteed by Wealth India Financial Services Pvt. Ltd., and are subject to investment risks.\u00a0<a href=\"http:\/\/pages.fundsindia.com\/pages\/disclaimer-equities\/\">Click here<\/a>\u00a0to read our full disclaimer.<\/i><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Paradip refinery to drive better profitability Indian Oil Corporation Ltd. (IOCL) has a strong presence in refining, marketing, pipelines networks and petrochemicals. It is the largest oil marketing company in India with a ~43% market share. Further, it has the largest network of retail outlets across the country (more than 26,000 outlets). IOCL also has [&hellip;]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[59],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian Oil Corporation Ltd.<\/title>\n<meta name=\"description\" content=\"Find the latest research report on Indian Oil Corporation Ltd. On FundsIndia Marketplace\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fundsindia.com\/blog\/equities\/indian-oil-corporation-ltd\/12152\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Oil Corporation Ltd.\" \/>\n<meta property=\"og:description\" content=\"Find the latest research report on Indian Oil Corporation Ltd. 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