Indian Oil (NSE:IOC) EPS without NRI: ₹31.20 (TTM As of Mar. 2026)


NSE:IOC Indian Oil Corp Ltd NSE:IOC
87 GF Score
Price ₹138.96
GF Value ₹156.04
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Indian Oil EPS without NRI?

Indian Oil NSE:IOC +0.51% 87 EPS without NRI is ₹31.20 as of Mar. 2026. GuruFocus rates NSE:IOC with a GF Score™ of 87/100 and a GF Value™ of ₹156.04 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 730 Oil & Gas companies, Indian Oil ranks better than 92.74% on this metric.

Indian Oil's earnings per share without non-recurring items for the three months ended in Mar. 2026 was ₹10.87. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was ₹31.20.

During the past 12 months, Indian Oil's average earnings per share (NRI) Growth Rate was 249.70% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 58.90% per year. During the past 5 years, the average earnings per share (NRI) Growth Rate was 6.70% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 7.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Indian Oil's EPS without NRI or its related term are showing as below:

NSE:IOC' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -35.2   Med: 11.25   Max: 104.4
Current: 58.9

During the past 13 years, Indian Oil's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 104.40% per year. The lowest was -35.20% per year. And the median was 11.25% per year.

NSE:IOC's 3-Year EPS without NRI Growth Rate is ranked better than
92.74% of 730 companies
in the Oil & Gas industry
Industry Median: -2.2 vs NSE:IOC: 58.90

Indian Oil's EPS (Diluted) for the three months ended in Mar. 2026 was ₹10.50. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹30.57.

Indian Oil's EPS (Basic) for the three months ended in Mar. 2026 was ₹10.50. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was ₹30.57.


Indian Oil  (NSE:IOC) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Indian Oil EPS without NRI Related Terms


Indian Oil EPS without NRI Historical Data

* Premium members only.

The historical data trend for Indian Oil's EPS without NRI can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Indian Oil EPS without NRI Chart

Indian Oil Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.36 7.78 30.35 8.92 31.20

Indian Oil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 4.95 5.69 9.70 10.87

NSE:IOC vs VLO, MPC, PSX: EPS without NRI Comparison

For the Oil & Gas Refining & Marketing subindustry, Indian Oil's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Indian Oil PE Ratio without NRI vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Indian Oil's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Indian Oil's PE Ratio without NRI falls into.


NSE:IOC
87GF Score
Indian Oil Corp Ltd NSE:IOC
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indian Oil EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹31.20

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of ₹31.20 mean?
Indian Oil (NSE:IOC) has a EPS without NRI of ₹31.20 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Indian Oil and its competitors. According to the industry distribution chart, Indian Oil ranks #53 out of 730 companies in the Oil & Gas industry, placing it in the top 7.3%.
Is Indian Oil's EPS without NRI too high?
Indian Oil's current EPS without NRI is ₹31.20. Based on the distribution chart, Indian Oil ranks #53 out of 730 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Indian Oil has a GF Score™ of 87/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Oil's EPS without NRI compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Indian Oil ranks #53 out of 730 companies for EPS without NRI. This places Indian Oil in the top 7% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for an Oil & Gas company?
A good EPS without NRI depends on the Oil & Gas industry context. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Indian Oil and its competitors. Indian Oil's current EPS without NRI is ₹31.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Indian Oil stock overvalued right now?
Based on GuruFocus' analysis, Indian Oil (NSE:IOC) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹156.04, compared to a current price of ₹138.96 — trading 10.9% below its estimated fair value. The current EPS without NRI is ₹31.20. Indian Oil's overall GF Score™ is 87/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Indian Oil (NSE:IOC), the current EPS without NRI is ₹31.20 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Indian Oil (NSE:IOC) Overvalued in 2026?

Based on GuruFocus' analysis, Indian Oil stock appears to be undervalued. The current stock price of ₹138.96 is trading 10.9% below its estimated GF Value™ of ₹156.04. GuruFocus considers Indian Oil to be Modestly Undervalued.

Key valuation signals for NSE:IOC:

  • EPS without NRI: ₹31.20
  • GF Value™: ₹156.04 vs. price of ₹138.96 (10.9% below fair value)
  • GF Score™: 87/100 with 5 warning signs

No single metric tells the full story. See the NSE:IOC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Indian Oil Business Description

Industry EnergyOil & Gas
Other Exchanges 530965:India
Address J.B. Tito Marg, 3079/3, Sadiq Nagar, New Delhi, IND, 110049
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.
87GF Score

Get the complete analysis for NSE:IOC

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹138.96
Price
₹156.04
GF Value