IOC (Indian Oil Corporation Limited) was established in 1964 and headquartered in New Delhi, India. The company is engaged in refining, pipeline transportation, marketing of petroleum products and many other businesses. In this forecast, we will predict IOC’s share price for the years 2024, 2025, 2028, 2030 and 2035.
However, the company has shown bullish momentum and the share price has increased by 89.39% in just 3 months. Top market experts are suggesting a “Buy” tag for a long-term perspective and our analysis is also showing positive results.
It is the highest-ranked Indian oil company in the Fortune Global 500 list, ranked 94th in the year 2023. According to the company, reported revenue of Rs 1,79,752 crore and a net income is Rs 13,712 crore in the Sept-23 quarter.
The current share price is Rs 130.40, which represents a rise of 89.39 percent in just 3 months and the market capitalization is Rs 1,429,395.00 crore. Based on our research and analysis, the IOC share price may reach Rs 172.50 to Rs 193.32 level by 2025.
IOC Fundamentals
IOC is the largest commercial oil company and is involved in the exploration, refining, production and marketing of oil and gas products.
The company’s shares are traded on the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). See below for more details:
IOC Share Price Forecast – 2024 to 2035
IOCL is an established company with a good financial track record in the Oil & Gas Industry. The major market share is in the refining, and marketing of petroleum products.
| Year | Target Price | Change |
|---|---|---|
| 2024 | 162.12 | 13.08% |
| 2025 | 183.32 | 25.97% |
| 2026 | 204.23 | 37.87% |
| 2027 | 223.52 | 56.80% |
| 2028 | 254.21 | 75.99% |
| 2029 | 285.32 | 91.31% |
| 2030 | 310.15 | 120.89% |
| 2032 | 358.10 | 241.86% |
| 2035 | 554.23 | 260.37% |
Note: Readers are advised that the target price is based on our analysis. It is only an estimated value that may differ from the actual price. You are advised to do your research and consult with your financial advisor.
Related – Zomato share price target
2024
The minimum and maximum target price for IOC shares will be Rs 142.05 to Rs 172.12 by 2024.
| Month 2024 | Target Price |
|---|---|
| January | Rs 138 |
| February | Rs 142 |
| March | Rs 148 |
| April | Rs 152 |
| May | Rs 158 |
| June | Rs 168 |
| July | Rs 160 |
| August | Rs 162 |
| September | Rs 155 |
| October | Rs 170 |
| November | Rs 163 |
| December | Rs 172 |
- Target-I: Rs142.05
- Target-II: Rs 172.12
2025
Based on our analysis, the maximum target price for IOC shares in 2025 is Rs 172.18 to Rs 193.32. Which will be a 25.97% up.
| Month 2025 | Target Price |
|---|---|
| January | |
| February | |
| March | Rs 172 |
| April | |
| May | |
| June | Rs 178 |
| July | |
| August | |
| September | Rs 185 |
| October | |
| November | |
| December | Rs 193.32 |
- Target-I: Rs 173.30
- Target-II: Rs 193.32
See also – Tata Motors share price target
2026
In 2026, the minimum price of IOC shares can reach the level of Rs 195.20 and the maximum share price can reach the level of Rs 224.23.
| Month 2026 | Target Price |
|---|---|
| January | |
| February | |
| March | Rs 195 |
| April | |
| May | |
| June | Rs 204 |
| July | |
| August | |
| September | Rs 218 |
| October | |
| November | |
| December | Rs 224 |
- Target-I: Rs 195.20
- Target-II: Rs 204.23
IOC Forecast:
2027
In 2027, the minimum and maximum target prices of IOC shares can reach Rs 230.10 and Rs 253.52 levels respectively.
| Month 2027 | Target Price |
|---|---|
| January | |
| February | |
| March | Rs 230 |
| April | |
| May | |
| June | Rs 238 |
| July | |
| August | |
| September | Rs 245 |
| October | |
| November | |
| December | Rs 252 |
- Target-I: Rs 203.10
- Target-II: Rs 223.52
2028
Based on our research and analysis, the lowest price for IOC shares will be Rs 254.35. At the same time, the maximum target price for IOC shares can reach the level of Rs 274.21 by 2028. This represents an increase of 75.99% in the share price of IOC.
| Month 2028 | Target Price |
|---|---|
| January | |
| February | |
| March | Rs 254 |
| April | |
| May | |
| June | Rs 262 |
| July | |
| August | |
| September | Rs 270 |
| October | |
| November | |
| December | Rs 274 |
- Target-I: Rs 254.35
- Target-II: Rs 274.21
2029
The minimum target price of IOC shares in 2029 can be Rs 272.70 and the maximum share price of IOC can be Rs 294.25.
| Target-I | Rs 272.20 |
| Target-II | Rs 295.32 |
2030
According to our forecast system, the minimum share price of IOC Company will be Rs 292.30. At the same time, by 2030 the maximum price of the share can reach the level of Rs 330.15.
| Month 2030 | Target Price |
|---|---|
| January | |
| February | |
| March | Rs 292.30 |
| April | |
| May | |
| June | Rs 302 |
| July | |
| August | |
| September | Rs 312 |
| October | |
| November | |
| December | Rs 330 |
- Target-I: Rs 292.30
- Target-II: Rs 330.15
See also – Reliance share price target
2032
The lowest target price for IOC shares can reach Rs 346.40 and the highest target price for IOC shares can reach Rs 378.10 by 2032.
| Month 2032 | Target Price |
|---|---|
| January | |
| February | |
| March | Rs 346 |
| April | |
| May | |
| June | Rs 357 |
| July | |
| August | |
| September | Rs 362 |
| October | |
| November | |
| December | Rs 378.10 |
- Target-I: Rs 346.40
- Target-II: Rs 378.10
2035
The company will remain bullish for a long period and the minimum price of IOC shares can be Rs 474.65. Similarly, the highest target price for IOC shares could reach Rs 554.23 by 2035. Which would represent an increase of 260.37% in IOC stock.
| Month 2035 | Target Price |
|---|---|
| January | |
| February | |
| March | Rs 474 |
| April | |
| May | |
| June | Rs 492 |
| July | |
| August | |
| September | Rs 515 |
| October | |
| November | |
| December | Rs 554 |
- Target-I: Rs 474
- Target-II: Rs 554
Is IOC a Good Stock to Buy?
IOC is the largest commercial oil company and has the largest market share in the refining and marketing of petroleum products. The company has maintained good financial records in the market for a long time and has consistently provided dividends to its shareholders. So on this basis, we can consider it a good stock for investment.
See also:
- Asian Paints share price target
- ShalimarPaints share price target
- Bajaj Finserv share price target
- Borosil share price target
IOC FAQs
A: IOC is a good stock for the long term and we can expect the IOC share price to rise by 205% over the next 10 years.
A: The target price for IOC shares is Rs 288.30 to Rs 310.15 by 2030.
A: IOC’s current dividend per share is 5%, but this may change over time and you can see this above.
A: The target share price of IOC is Rs 163.30 to Rs 183.32 by 2025.
A: The ticker symbol of IOC in NSE is IOC and for BSE is 530965.
Conclusion
Indian Oil Corporation Limited (IOCL) is the largest petroleum products company. In recent times, the company has given good returns of up to 89 percent in 2/3 years. So, if you are looking for a longer term, this could be a good option. But, always do thorough research and consult a financial advisor before making any investment decision.
Disclaimer: The target price on our website (bankshala.com) is for general information only. We are not SEBI-registered financial advisors and no part of the website content should be considered financial advice. Before investing in any company you should do your research and consult your financial advisor.
