Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Indian Oil's share price for the quarter that ended in Mar. 2026 was ₹135.4. Indian Oil's Shares Outstanding (EOP) for the quarter that ended in Mar. 2026 was 14,121 Mil. Therefore, Indian Oil's market cap for the quarter that ended in Mar. 2026 was ₹1,912,016 Mil.
Indian Oil's quarterly market cap
increased
from Sep. 2025 (₹2,115,220 Mil) to Dec. 2025 (₹2,350,621 Mil) but then
declined
from Dec. 2025 (₹2,350,621 Mil) to Mar. 2026 (₹1,912,016 Mil).
Indian Oil's annual market cap
declined
from Mar. 2024 (₹2,310,179 Mil) to Mar. 2025 (₹1,758,628 Mil) but then
increased
from Mar. 2025 (₹1,758,628 Mil) to Mar. 2026 (₹1,912,016 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Indian Oil's Enterprise Value for Today is ₹3,248,328 Mil.
Indian Oil (NSE:IOC) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Indian Oil Market Cap Related Terms
Indian Oil Market Cap Historical Data
* Premium members only.
The historical data trend for Indian Oil's Market Cap 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 Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Indian Oil's Market Cap distribution charts can be found below:
* The bar in red indicates where Indian Oil's Market Cap falls into.
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Indian Oil's Market Cap for the fiscal year that ended in Mar. 2026 is calculated as
* 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 Market Cap of ₹2,031,905 Mil as of Jun. 29, 2026. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Indian Oil and its competitors. According to the industry distribution chart, Indian Oil ranks #60 out of 1046 companies in the Oil & Gas industry, placing it in the top 5.7%.
Is Indian Oil's Market Cap too high?
Indian Oil's current Market Cap is ₹2,031,905 Mil. Based on the distribution chart, Indian Oil ranks #60 out of 1046 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 84/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Oil's Market Cap compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Indian Oil ranks #60 out of 1046 companies for Market Cap. This places Indian Oil in the top 6% of its industry — outperforming the majority of peers. The industry median Market Cap is 213.99. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Market Cap for an Oil & Gas company?
The median Market Cap among Oil & Gas companies is 213.99, based on 1,046 companies in the industry. Companies in the top quartile (top 25%) have a Market Cap significantly above this median, while those in the bottom quartile fall well below. However, Market Cap 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 Market Cap mean?
A high Market Cap can signal that a stock is expensive relative to its fundamentals. Market cap equals the total value of a company's shares: price times shares outstanding. View historical data on Indian Oil and its competitors. For the Oil & Gas industry, the median Market Cap is 213.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Oil's current Market Cap is ₹2,031,905 Mil. 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 ₹154.55, compared to a current price of ₹143.89 — trading 6.9% below its estimated fair value. The current Market Cap is ₹2,031,905 Mil. Indian Oil's overall GF Score™ is 84/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Market Cap calculated?
Market Cap is calculated from a company's financial statements. For Indian Oil (NSE:IOC), the current Market Cap is ₹2,031,905 Mil as of Jun. 29, 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 ₹143.89 is trading 6.9% below its estimated GF Value™ of ₹154.55.
GuruFocus considers Indian Oil to be Fairly Valued.
Key valuation signals for NSE:IOC:
Market Cap: ₹2,031,905 Mil
GF Value™: ₹154.55 vs. price of ₹143.89 (6.9% 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.
84GF Score
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