FCF Margin % is calculated as Free Cash Flow divided by its Revenue. Indian Oil's Free Cash Flow for the
three
months ended in Mar. 2026 was ₹0 Mil. Indian Oil's Revenue for the
three
months ended in Mar. 2026 was ₹2,082,893 Mil. Therefore, Indian Oil's FCF Margin % for the quarter that ended in Mar. 2026 was 0.00%.
The historical rank and industry rank for Indian Oil's FCF Margin % or its related term are showing as below:
NSE:IOC'
s FCF Margin % Range Over the Past 10 Years
Min: -5.23 Med: 1.01 Max: 7.51
Current: 6.09
During the past 13 years, the highest FCF Margin % of Indian Oil was 7.51%. The lowest was -5.23%. And the median was 1.01%.
NSE:IOC's FCF Margin % is ranked better than 58.83% of 906
companies
in the Oil & Gas industry
Industry Median: 3.285
vs NSE:IOC: 6.09
Indian Oil FCF Margin % Related Terms
Indian Oil FCF Margin % Historical Data
* Premium members only.
The historical data trend for Indian Oil's FCF Margin % 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.
For the Oil & Gas Refining & Marketing subindustry, Indian Oil's FCF Margin %, along with its competitors' market caps and FCF Margin % 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 FCF Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Indian Oil's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Indian Oil's FCF Margin % falls into.
* 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 (NSE:IOC) has a FCF Margin % of 0.00% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Indian Oil and its competitors. According to the industry distribution chart, Indian Oil ranks #373 out of 906 companies in the Oil & Gas industry, placing it in the top 41.2%.
Is Indian Oil's FCF Margin % too high?
Indian Oil's current FCF Margin % is 0.00%. Based on the distribution chart, Indian Oil ranks #373 out of 906 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Indian Oil has a GF Score™ of 83/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Oil's FCF Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Indian Oil ranks #373 out of 906 companies for FCF Margin %. This puts Indian Oil in the upper half of its industry. The industry median FCF Margin % is 3.29. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for an Oil & Gas company?
The median FCF Margin % among Oil & Gas companies is 3.29, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % 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 FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Indian Oil and its competitors. For the Oil & Gas industry, the median FCF Margin % is 3.29 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Oil's current FCF Margin % is 0.00%. 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 Fairly Valued. The stock's GF Value™ is ₹154.47, compared to a current price of ₹146.30 — trading 5.3% below its estimated fair value. The current FCF Margin % is 0.00%. Indian Oil's overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Indian Oil (NSE:IOC), the current FCF Margin % is 0.00% 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 ₹146.30 is trading 5.3% below its estimated GF Value™ of ₹154.47.
GuruFocus considers Indian Oil to be Fairly Valued.
Key valuation signals for NSE:IOC:
FCF Margin %: 0.00%
GF Value™: ₹154.47 vs. price of ₹146.30 (5.3% below fair value)
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 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.
83GF Score
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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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