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Indian OilBOM:530965 -0.88%72 Net Margin % is 6.94% as of Mar. 2026, which is 44% above its 10-year median of 4.83. GuruFocus rates BOM:530965 with a GF Score™ of 72/100 and a GF Value™ of ₹157.13 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 918 Oil & Gas companies, Indian Oil ranks better than 56.1% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Indian Oil's Net Income for the
three
months ended in Mar. 2026 was ₹144,581 Mil. Indian Oil's Revenue for the
three
months ended in Mar. 2026 was ₹2,082,893 Mil. Therefore, Indian Oil's net margin for the quarter that ended in Mar. 2026 was 6.94%.
The historical rank and industry rank for Indian Oil's Net Margin % or its related term are showing as below:
BOM:530965'
s Net Margin % Range Over the Past 10 Years
Min: -0.19 Med: 4.83 Max: 5.99
Current: 5.37
BOM:530965's Net Margin % is ranked better than 56.1% of 918
companies
in the Oil & Gas industry
Industry Median: 3.455
vs BOM:530965: 5.37
Indian Oil (BOM:530965) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Indian Oil Net Margin % Related Terms
Indian Oil Net Margin % Historical Data
* Premium members only.
The historical data trend for Indian Oil's Net 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.
BOM:530965 vs MPC, VLO, PSX: Net Margin % Comparison
For the Oil & Gas Refining & Marketing subindustry, Indian Oil's Net Margin %, along with its competitors' market caps and Net 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 Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Indian Oil's Net Margin % distribution charts can be found below:
* The bar in red indicates where Indian Oil's Net 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 (BOM:530965) has a Net Margin % of 6.94% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Indian Oil and its competitors. This is 44% above median its historical median of 4.83. According to the industry distribution chart, Indian Oil ranks #403 out of 918 companies in the Oil & Gas industry, placing it in the top 43.9%.
Is Indian Oil's Net Margin % too high?
Indian Oil's current Net Margin % of 6.94% is 44% above median its 10-year median of 4.83. The Oil & Gas industry median Net Margin % is 3.46. Indian Oil's value of 6.94% is 100.9% above this industry median. Based on the distribution chart, Indian Oil ranks #403 out of 918 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Indian Oil has a GF Score™ of 72/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Oil's Net Margin % compare to MPC and VLO?
According to the Oil & Gas industry distribution chart, Indian Oil ranks #403 out of 918 companies for Net Margin %. This puts Indian Oil in the upper half of its industry. The industry median Net Margin % is 3.46. Indian Oil's value of 6.94% is 100.9% above this benchmark. While the company's 10-year median is 4.83 vs. the industry median of 3.46, Indian Oil has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.46, based on 918 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indian Oil's current Net Margin % of 6.94% is 100.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Indian Oil and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.46 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Oil's current Net Margin % is 6.94%, which is 44% above median its own 10-year median of 4.83. 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 (BOM:530965) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹157.13, compared to a current price of ₹140.05 — trading 10.9% below its estimated fair value. The current Net Margin % is 6.94%, which is 44% above median its 10-year median of 4.83 and 100.9% above the Oil & Gas industry median of 3.46. Indian Oil's overall GF Score™ is 72/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Indian Oil (BOM:530965), the current Net Margin % is 6.94% 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 (BOM:530965) Overvalued in 2026?
Based on GuruFocus' analysis, Indian Oil stock appears to be undervalued.
The current stock price of ₹140.05 is trading 10.9% below its estimated GF Value™ of ₹157.13.
GuruFocus considers Indian Oil to be Modestly Undervalued.
Key valuation signals for BOM:530965:
Net Margin %: 6.94% (44% above median its 10-year median of 4.83)
GF Value™: ₹157.13 vs. price of ₹140.05 (10.9% below fair value)
Industry Position: 100.9% above the Oil & Gas median (#403 of 918)
No single metric tells the full story. See the BOM:530965 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.
72GF Score
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