**Revenue distribution by sectors:**
- Refinery: approx. 60%
- Marketing: approx. 30%
- Petrochemistry: approx. 10%

**TOP 3 markets and their percentage shares:**
- India: approx. 85%
- Middle East: approx. 8%
- Southeast Asia: approx. 5%

Indian Oil Corporation Limited (IOC) generates the majority of its revenues from the refinery sector, followed by marketing and petrochemistry. The Indian market is the dominant market for IOC, driven by strong domestic demand for petroleum products. The Middle East and Southeast Asia are also significant markets served through strategic export activities and partnerships.

**Production sites of Indian Oil Corporation Limited (IOC):**

Indian Oil Corporation Limited (IOC) operates a variety of refineries and production facilities throughout India. The main locations include:

1. **Refineries:**
- **Panipat Refinery:** Haryana
- **Mathura Refinery:** Uttar Pradesh
- **Gujarat Refinery:** Vadodara, Gujarat
- **Haldia Refinery:** West Bengal
- **Barauni Refinery:** Bihar
- **Paradip Refinery:** Odisha
- **Digboi Refinery:** Assam
- **Bongaigaon Refinery:** Assam

2. **Petrochemical plants:**
- **Panipat Naphtha Cracker Complex:** Haryana
- **Paraxylene/Purified Terephthalic Acid (PX/PTA) Plant:** Panipat, Haryana

3. **Pipeline network:**
- IOC operates an extensive network of pipelines that transport crude oil and petroleum products over long distances to ensure supply security in various regions.

These sites are strategically distributed across the country to efficiently serve demand in different regions. IOC's refineries and petrochemical plants are crucial for the production of fuels, petrochemicals, and other petroleum products offered in the Indian market.

**Investments in Renewable Energies:** 25% of the investment budget (2025)
**Expansion of Refinery Capacities:** 10 million tons per year by 2025

Indian Oil Corporation Limited (IOC) is pursuing a strategy aimed at diversification and sustainability. A key component of this strategy is increased investment in renewable energies. The company plans to invest about 25% of its investment budget in renewable energy projects to reduce dependence on fossil fuels and lower CO2 emissions.

In addition, IOC is expanding its refinery capacities by 10 million tons per year to meet the growing demand for petroleum products domestically and internationally. This expansion is intended to increase efficiency and enhance competitiveness in the global market.

Another focus is on digitizing and modernizing existing infrastructure to reduce operating costs and increase efficiency. These measures are intended to help IOC maintain its position in a changing energy market and remain profitable in the long term.

**Main imported raw materials:** Crude oil

**Countries of origin:**
- Iraq
- Saudi Arabia
- United Arab Emirates
- Nigeria
- USA

Indian Oil Corporation Limited (IOC) mainly imports crude oil, which serves as the primary raw material for refining and producing petroleum products. Iraq and Saudi Arabia have traditionally been the largest suppliers of crude oil to India, followed by the United Arab Emirates and Nigeria. In recent years, the import of crude oil from the USA has also increased, attributed to the diversification of sources and geopolitical developments.

This import strategy enables IOC to ensure supply security and benefit from the best market prices. Diversifying the countries of origin also helps to minimize risks associated with geopolitical tensions.

**Market share:** Approx. 50% in the Indian refinery market (2023)
**Refining capacity:** Over 80 million tons per year (2023)
**Net profit margin:** 2.5% (2023)

Indian Oil Corporation Limited (IOC) is the largest refinery operator in India and holds a significant market share of about 50% in the refinery market. This gives the company a substantial competitive advantage as it can benefit from economies of scale. The refining capacity of over 80 million tons per year underscores the company's ability to process large amounts of crude oil and effectively meet demand in the Indian market.

However, the net profit margin of 2.5% indicates that the company operates in a fiercely competitive market where margins are traditionally low. Nevertheless, IOC's strong market position enables it to better cushion price fluctuations and secure long-term supply contracts.

In addition, IOC benefits from a broad distribution network and a strong brand presence, which fosters customer loyalty and further strengthens its competitive advantage. Investments in infrastructure and technology also help increase efficiency and maintain competitiveness.

**Institutional investor share:** approx. 50% (estimated, 2025)
**Insider purchases/sales:** No significant transactions in the last year (estimated, 2025)

The institutional investor share in Indian Oil Corporation Limited typically stands at around 50%. These investors include large investment funds, pension funds, and other institutional investors who can have a significant influence on corporate governance and strategic decisions.

In 2025, there were no significant insider purchases or sales, indicating that the management and other insiders have confidence in the current corporate strategy and future development. This can be seen as a positive signal for stability and trust in corporate leadership.

**Market share of Indian Oil Corporation Limited (IOC):** approx. 35% (2025, estimated)

**Main competitors and their market shares:**
1. **Bharat Petroleum Corporation Limited (BPCL):** approx. 25%
2. **Hindustan Petroleum Corporation Limited (HPCL):** approx. 20%
3. **Reliance Industries Limited (RIL):** approx. 10%
4. **Essar Oil (Nayara Energy):** approx. 5%
5. **Shell India:** approx. 3%
6. **Other smaller players:** approx. 2%

Indian Oil Corporation Limited (IOC) is the leading player in the Indian oil and gas market with a significant market share of around 35%. This gives the company a strong moat, especially through its extensive infrastructure, nationwide presence, and government support.

IOC's moat is reinforced by its vertically integrated operations, ranging from refining to distribution. This enables the company to achieve cost efficiencies and better manage price fluctuations.

Compared to its competitors, IOC has an advantage in terms of the size and reach of its distribution network. However, companies like Reliance Industries have a technological edge and a strong financial base that allow them to invest in innovative technologies and alternative energies.

Overall, IOC remains strong due to its established market position and infrastructure, although competition is increasing due to technological advancements and diversification strategies of competitors.

**Revenue growth:** 8.5% (2024)
**Profit growth:** 10.2% (2024)
**Market share in the Indian oil sector:** approximately 30% (2024)
**Investments in renewable energies:** 1.5 billion USD (2024)

Indian Oil Corporation Limited (IOC) recorded a solid revenue growth of 8.5% in 2024, attributed to stable demand for refinery products and effective cost control. The profit growth of 10.2% indicates that the company was able to increase its efficiency and benefited from favorable market conditions.

IOC holds a significant market share of about 30% in the Indian oil sector, highlighting its strong market position. This dominance enables the company to benefit from the growing energy demand in India.

Furthermore, in 2024, IOC made significant investments totaling 1.5 billion USD in renewable energies. This demonstrates the company's commitment to aligning with sustainable energy sources and preparing for future market trends.

Overall, IOC's financial performance and strategic orientation suggest that the stock could be a potentially attractive investment, especially for investors interested in the long-term development of the energy sector.

**Dividend yield:** 5.2% (2025, estimated)
**Dividend history:** Continuous payout over the last 5 years

Indian Oil Corporation Limited (IOC) is known for its reliable dividend policy. The company has consistently distributed dividends in recent years, indicating a stable financial performance.

The dividend yield of about 5.2% in 2025 shows that IOC offers an attractive return for investors who value regular payouts. The reliability of dividend payment is supported by IOC's strong market position and its ability to generate profits.

Overall, IOC's dividend policy can be considered stable and reliable, making it an interesting option for dividend investors.