Indian Oil (NSE:IOC) 5-Year RORE % : 16.35% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:IOC Indian Oil Corp Ltd NSE:IOC
85 GF Score
Price ₹141.80
GF Value ₹155.93
Valuation Fairly Valued
! 5 Warning Signs
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What is Indian Oil 5-Year RORE %?

Indian Oil NSE:IOC +1.11% 85 5-Year RORE % is 16.35 as of Mar. 2026. GuruFocus rates NSE:IOC with a GF Score™ of 85/100 and a GF Value™ of ₹155.93 (Fairly Valued). The stock has 5 warning signs investors should review. Among 849 Oil & Gas companies, Indian Oil ranks better than 63.49% on this metric.

Return on Retained Earnings (RORE) is an indicator of a company's growth potential, it shows how much a company earns by reinvesting its retained earnings, i.e. profits after dividend payments. Indian Oil's 5-Year RORE % for the quarter that ended in Mar. 2026 was 16.35%.

The industry rank for Indian Oil's 5-Year RORE % or its related term are showing as below:

NSE:IOC's 5-Year RORE % is ranked better than
63.49% of 849 companies
in the Oil & Gas industry
Industry Median: 2.83 vs NSE:IOC: 16.35

Indian Oil  (NSE:IOC) 5-Year RORE % Explanation

Return on Retained Earnings (RORE) is important to investors because it reveals a company's efficiency and growth potential. A higher RORE indicates a higher return. A high RORE indicates that the company should reinvest profits into the business. A lower RORE suggests that the company should distribute profits to shareholders by paying out dividends, since those dollars aren't generating much additional growth for the company.

There are a several different ways to arrive at the Return on Retained Earnings. The simplest way to calculate it is by using published information on Earnings per Share (EPS) and Dividend per Share (DPS) over a selected period. Here, 5-year period is chosen.

Be Aware

Please keep in mind that the RORE is relative to the nature of the business and its competitors. If another company in the same sector is producing a lower return on retained earnings, it doesn’t necessarily mean it’s a bad investment. It may just suggest the company is older and no longer in a high growth stage. At such a stage in the business cycle, it would be expected to see a lower RORE and higher dividend payout.


Indian Oil 5-Year RORE % Related Terms


Indian Oil 5-Year RORE % Historical Data

* Premium members only.

The historical data trend for Indian Oil's 5-Year RORE % 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 5-Year RORE % Chart

Indian Oil Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
5-Year RORE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.95 -18.33 68.74 -11.20 16.35

Indian Oil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
5-Year RORE % 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 -11.20 -11.29 -1.09 6.90 16.35

NSE:IOC vs VLO, MPC, PSX: 5-Year RORE % Comparison

For the Oil & Gas Refining & Marketing subindustry, Indian Oil's 5-Year RORE %, along with its competitors' market caps and 5-Year RORE % 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 5-Year RORE % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Indian Oil's 5-Year RORE % distribution charts can be found below:

* The bar in red indicates where Indian Oil's 5-Year RORE % falls into.


NSE:IOC
85GF Score
Indian Oil Corp Ltd NSE:IOC
5-Year RORE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Indian Oil 5-Year RORE % Calculation

Indian Oil's 5-Year RORE % for the quarter that ended in Mar. 2026 is calculated as:

5-Year RORE %=( Most Recent EPS (Diluted)- First Period EPS (Diluted) )/( Cumulative EPS (Diluted) for 5-year -Cumulative Dividends per Share for 5-year )
=( 30.57-20.449 )/( 98.319-36.4 )
=10.121/61.919
=16.35 %

* 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.

In the calculation of 5-Year RORE %, the most recent and first period EPS (Diluted) is the trailing twelve months (TTM) data ended in Mar. 2026 and 5-year before.

Frequently Asked Questions Learn more about 5-Year RORE % →
What does a 5-Year RORE % of 16.35 mean?
Indian Oil (NSE:IOC) has a 5-Year RORE % of 16.35 as of Mar. 2026. 5-Year RORE % shows how much a company earns by reinvesting its retained earnings in 5-year. View historical data on Indian Oil and its competitors. According to the industry distribution chart, Indian Oil ranks #310 out of 849 companies in the Oil & Gas industry, placing it in the top 36.5%.
Is Indian Oil's 5-Year RORE % too high?
Indian Oil's current 5-Year RORE % is 16.35. The Oil & Gas industry median 5-Year RORE % is 2.83. Indian Oil's value of 16.35 is 477.7% above this industry median. Based on the distribution chart, Indian Oil ranks #310 out of 849 companies in the Oil & Gas industry, which is above the industry midpoint. Overall, Indian Oil has a GF Score™ of 85/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Indian Oil's 5-Year RORE % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Indian Oil ranks #310 out of 849 companies for 5-Year RORE %. This puts Indian Oil in the upper half of its industry. The industry median 5-Year RORE % is 2.83. Indian Oil's value of 16.35 is 477.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 5-Year RORE % for an Oil & Gas company?
The median 5-Year RORE % among Oil & Gas companies is 2.83, based on 849 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year RORE % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year RORE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Indian Oil's current 5-Year RORE % of 16.35 is 477.7% 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 5-Year RORE % mean?
A high 5-Year RORE % can signal that a stock is expensive relative to its fundamentals. 5-Year RORE % shows how much a company earns by reinvesting its retained earnings in 5-year. View historical data on Indian Oil and its competitors. For the Oil & Gas industry, the median 5-Year RORE % is 2.83 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Indian Oil's current 5-Year RORE % is 16.35. 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 ₹155.93, compared to a current price of ₹141.80 — trading 9.1% below its estimated fair value. The current 5-Year RORE % is 16.35 and 477.7% above the Oil & Gas industry median of 2.83. Indian Oil's overall GF Score™ is 85/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year RORE % calculated?
5-Year RORE % is calculated from a company's financial statements. For Indian Oil (NSE:IOC), the current 5-Year RORE % is 16.35 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 ₹141.80 is trading 9.1% below its estimated GF Value™ of ₹155.93. GuruFocus considers Indian Oil to be Fairly Valued.

Key valuation signals for NSE:IOC:

  • 5-Year RORE %: 16.35
  • GF Value™: ₹155.93 vs. price of ₹141.80 (9.1% below fair value)
  • GF Score™: 85/100 with 5 warning signs
  • Industry Position: 477.7% above the Oil & Gas median (#310 of 849)

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.
85GF Score

Get the complete analysis for NSE:IOC

5-Year RORE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹141.80
Price
₹155.93
GF Value