Indian Oil (NSE:IOC) ROE % Adjusted to Book Value: 30.29% (As of Mar. 2026)


NSE:IOC Indian Oil Corp Ltd NSE:IOC
84 GF Score
Price ₹139.83
GF Value ₹155.06
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Indian Oil ROE % Adjusted to Book Value?

Indian Oil NSE:IOC +0.32% 84 ROE % Adjusted to Book Value is 30.29% as of Mar. 2026. GuruFocus rates NSE:IOC with a GF Score™ of 84/100 and a GF Value™ of ₹155.06 (Modestly Undervalued). The stock has 5 warning signs investors should review.

Indian Oil's ROE % for the quarter that ended in Mar. 2026 was 26.35%. Indian Oil's PB Ratio for the quarter that ended in Mar. 2026 was 0.87. Indian Oil's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 was 30.29%.


Indian Oil ROE % Adjusted to Book Value Related Terms


Indian Oil ROE % Adjusted to Book Value Historical Data

* Premium members only.

The historical data trend for Indian Oil's ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value Chart

Indian Oil Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE % Adjusted to Book Value
Get a 7-Day Free Trial Premium Member Only Premium Member Only 24.95 9.31 20.50 7.82 23.84

Indian Oil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Adjusted to Book Value 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 18.53 0.00 14.83 0.00 30.29

NSE:IOC vs VLO, MPC, PSX: ROE % Adjusted to Book Value Comparison

For the Oil & Gas Refining & Marketing subindustry, Indian Oil's ROE % Adjusted to Book Value, along with its competitors' market caps and ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Indian Oil's ROE % Adjusted to Book Value distribution charts can be found below:

* The bar in red indicates where Indian Oil's ROE % Adjusted to Book Value falls into.


NSE:IOC
84GF Score
Indian Oil Corp Ltd NSE:IOC
ROE % Adjusted to Book Value is just one metric. See GF Score™, valuation, warning signs, and more.
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Indian Oil ROE % Adjusted to Book Value Calculation

Indian Oil's ROE % Adjusted to Book Value for the fiscal year that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=20.74% / 0.87
=23.84%

Indian Oil's ROE % Adjusted to Book Value for the quarter that ended in Mar. 2026 is calculated as

ROE % Adjusted to Book Value=ROE % / PB Ratio
=26.35% / 0.87
=30.29%

* 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.

What does a ROE % Adjusted to Book Value of 30.29% mean?
Indian Oil (NSE:IOC) has a ROE % Adjusted to Book Value of 30.29% as of Mar. 2026. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Indian Oil and its competitors.
Is Indian Oil's ROE % Adjusted to Book Value too high?
Indian Oil's current ROE % Adjusted to Book Value is 30.29%. Overall, Indian Oil has a GF Score™ of 84/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Indian Oil's ROE % Adjusted to Book Value compare to VLO and MPC?
Indian Oil's ROE % Adjusted to Book Value of 30.29% can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % Adjusted to Book Value for an Oil & Gas company?
A good ROE % Adjusted to Book Value depends on the Oil & Gas industry context. However, ROE % Adjusted to Book Value 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 ROE % Adjusted to Book Value mean?
A high ROE % Adjusted to Book Value can signal that a stock is expensive relative to its fundamentals. Return on equity adjusted to book is the ratio of return on equity to price-book ratio. View historical data on Indian Oil and its competitors. Indian Oil's current ROE % Adjusted to Book Value is 30.29%. 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 ₹155.06, compared to a current price of ₹139.83 — trading 9.8% below its estimated fair value. The current ROE % Adjusted to Book Value is 30.29%. 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 ROE % Adjusted to Book Value calculated?
ROE % Adjusted to Book Value is calculated from a company's financial statements. For Indian Oil (NSE:IOC), the current ROE % Adjusted to Book Value is 30.29% 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 ₹139.83 is trading 9.8% below its estimated GF Value™ of ₹155.06. GuruFocus considers Indian Oil to be Modestly Undervalued.

Key valuation signals for NSE:IOC:

  • ROE % Adjusted to Book Value: 30.29%
  • GF Value™: ₹155.06 vs. price of ₹139.83 (9.8% below fair value)
  • GF Score™: 84/100 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.
84GF Score

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ROE % Adjusted to Book Value is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹139.83
Price
₹155.06
GF Value