IntroductionIndian Oil Corporation Ltd. is India's largest company by sales with a turnover of Rs. 4,57,553 crore and profit of Rs 7,019 crore for the year 2013-14.

IndianOil is the highest ranked Indian company in the latest Fortune Global 500 listings, ranked at the 96th position. IndianOil's vision is driven by a group of dynamic leaders who have made it a name to reckon with.

In this section, read about IndianOils business and its spread across the country & abroad. You can also know about IndianOil's current financial performance, special initiatives and recognitions & awards that have come its way.

Group CompaniesExpanding Horizons

IndianOil is currently metamorphosing from a pure sectoral company with dominance in downstream in India to a vertically integrated, transnational energy behemoth. The Corporation is already on the way to becoming a major player in petrochemicals by integrating its core refining business with petrochemical activities, besides making large investments in E&P and import/marketing ventures for oil&gas in India and abroad.

NameBusiness

Chennai PetroleumCorporation LimitedRefining of crude oil and manufacture of petroleum & petrochemical products

IndianOil - CREDABiofuels LimitedFarming, cultivating, manufacturing, production and selling biomass, bio-fuels and allied products & services

Indo Cat Pvt. Ltd.Manufacturing & marketing of FCC catalysts and additives

IndianOil (Mauritius) Ltd.Terminalling, Retailing & Aviation refueling

Lanka IOC Plc.Retailing, Terminalling & Bunkering of Petroleum Products

IOC Middle East FZELube blending & Marketing of Lubricants

IOC Sweden ABFor investment in the Carabobo Heavy Oil project in Venezuela

IOCL (USA) Inc.For acquiring 10% stake in Carrizo Asset, USA

IndOil GlobalB.V. NetherlandsFor acquiring 10% stapled interest in Pacific North West LNG project, Canada

IndianOil Major UnitsRegistered Office

Registered OfficeIndianOil Bhavan,G-9, Ali Yavar Jung Marg,Bandra (East), Mumbai -400 051View Map

Corporate Office

Refineries Division

Head OfficeSCOPE Complex, Core-27, Institutional Area, Lodhi RoadNew Delhi -110003View Map

Barauni RefineryP.O. Barauni Refinery,Dist. Begusarai -861 114 (Bihar)View Map

Gujarat RefineryP.O. Jawahar Nagar,Dist. Vadodara -391 320(Gujarat)View Map

Guwahati RefineryP.O. Noonmati,Guwahati-781020 (Assam)View Map

Haldia RefineryP.O. Haldia RefineryDist. Midnapur-721 606(West Bengal)View Map

Mathura RefineryP.O. Mathura Refinery,Mathura -281 005(Uttar Pradesh)View Map

Panipat RefineryP.O. Panipat Refinery,Panipat-132140(Haryana)View Map

Bongaigaon RefineryP.O. Dhaligaon,Dist. Chirang, Assam - 783 385View Map

Pipelines Division

Head OfficeA-1 Udyog Marg,Sector-1, Noida-201301(Uttar Pradesh)View Map

Northern RegionP.O. Panipat RefineryPanipat -132 140 (Haryana)View Map

Western RegionP.O. Box 1007,Bedipara,Morvi Road,Gauridad,Rajkot-360 003 (Gujarat)View Map

Southern Region139, Nungambakkam High RoadChennai - 600034View Map

Eastern Region14, Lee Road,Kolkata-700020View Map

Marketing Division

Head OfficeIndianOil Bhavan,G-9, Ali Yavar Jung Marg,Bandra (East), Mumbai -400 051View Map

Northern RegionIndianOil Bhavan,1, Aurobindo Marg, Yusuf SaraiNew Delhi -110016View Map

Eastern RegionIndianOil Bhavan,2, Gariahat Road, South (Dhakuria)Kolkata -700 068View Map

Western RegionIndianOil Bhavan,Plot No. 33, G BlockBandra Kurla Complex,Bandra East, Mumbai - 400051View Map

Southern RegionIndianOil Bhavan139, Nungambakkam High RoadChennai -600034View Map

R&D Centre

R&D CentreSector 13 Faridabad -121 007(Haryana)View Map

Assam Oil Division

Assam Oil DivisionP.O. Digboi -768 171(Assam)View Map

IBP Division

IBP Division34-A, Nirmal Chandra Street,Kolkata - 700 013View Map

Group Companies

Chennai Petroleum Corporation Ltd.536, Anna Salai,Teynampet, Chennai - 600 018View Map

IndianOil (Mauritius) Ltd.Mer RougePort LouisMaruritiusView Map

Lanka IOC PLCLanka IOC Head OfficeLevel 20, West Tower,World Trade Center,Echelon Square, Colombo - 01,Sri Lanka.View Map

IOC Middle East FZELOB- 14 329, Jebel Ali Free Zone,P.O.Box: 261338View Map

IndianOil - CREDA Biofuels LimitedGround floor, Chawla Towers,Shankar Nagar, RaipurChattisgarhView Map

Balance Sheet of Indian Oil Corporation------------------- in Rs. Cr. -------------------

Mar '14Mar '12Mar '11Mar '10Mar '09

12 mths12 mths12 mths12 mths12 mths

Sources Of Funds

Total Share Capital2,427.952,427.952,427.952,427.951,192.37

Equity Share Capital2,427.952,427.952,427.952,427.951,192.37

Share Application Money0.000.000.000.0021.60

Preference Share Capital0.000.000.000.000.00

Reserves63,564.1355,448.7552,904.3748,124.8842,789.29

Revaluation Reserves0.000.000.000.000.00

Networth65,992.0857,876.7055,332.3250,552.8344,003.26

Secured Loans17,865.9913,045.9720,379.6518,292.4517,565.13

Unsecured Loans62,733.1357,277.9632,354.2226,273.8027,406.93

Total Debt80,599.1270,323.9352,733.8744,566.2544,972.06

Total Liabilities146,591.20128,200.63108,066.1995,119.0888,975.32

Mar '14Mar '12Mar '11Mar '10Mar '09

12 mths12 mths12 mths12 mths12 mths

Application Of Funds

Gross Block111,730.1399,455.4692,696.6971,780.6062,104.64

Less: Accum. Depreciation48,781.3439,336.1334,509.2930,199.5327,326.19

Net Block62,948.7960,119.3358,187.4041,581.0734,778.45

Capital Work in Progress33,879.2313,434.7712,620.4421,268.6318,186.05

Investments23,594.1918,678.4619,544.7622,370.2532,232.13

Inventories64,697.3756,829.2049,284.5236,404.0825,149.60

Sundry Debtors11,023.1015,502.878,869.655,799.285,937.86

Cash and Bank Balance2,608.53307.01643.92916.56796.56

Total Current Assets78,329.0072,639.0858,798.0943,119.9231,884.02

Loans and Advances53,662.5744,988.1125,454.4917,453.0113,348.99

Fixed Deposits0.000.00650.50398.551.46

Total CA, Loans & Advances131,991.57117,627.1984,903.0860,971.4845,234.47

Deffered Credit0.000.000.000.000.00

Current Liabilities79,044.2066,510.5860,441.1840,818.9638,890.28

Provisions26,778.3815,148.546,763.4610,271.562,603.46

Total CL & Provisions105,822.5881,659.1267,204.6451,090.5241,493.74

Net Current Assets26,168.9935,968.0717,698.449,880.963,740.73

Miscellaneous Expenses0.000.0015.1518.1737.96

Total Assets146,591.20128,200.63108,066.1995,119.0888,975.32

Contingent Liabilities56,409.3628,085.5931,505.3325,715.0726,317.31

Book Value (Rs)271.80238.38227.90208.21368.86

Indian Oil Corporation

Consolidated Profit & Loss account------------------- in Rs. Cr. -------------------

Mar '14Mar '13Mar '12Mar '11Mar '10

12 mths12 mths12 mths12 mths12 mths

Income

Sales Turnover488,344.93461,779.67408,924.03343,348.64279,686.60

Excise Duty0.000.000.0030,860.9426,050.02

Net Sales488,344.93461,779.67408,924.03312,487.70253,636.58

Other Income5,189.183,511.64-4,520.694,264.344,000.41

Stock Adjustments1,252.885,515.073,470.955,613.615,386.87

Total Income494,786.99470,806.38407,874.29322,365.65263,023.86

Expenditure

Raw Materials435,787.29421,701.76366,218.29279,768.75223,133.71

Power & Fuel Cost6,341.775,442.623,881.792,129.59592.08

Employee Cost7,137.417,783.885,300.096,729.706,046.75

Other Manufacturing Expenses0.000.0010,848.611,763.151,789.05

Selling and Admin Expenses0.000.000.0013,210.7611,670.20

Miscellaneous Expenses23,190.8318,602.016,696.531,953.931,084.10

Preoperative Exp Capitalised0.000.000.00-945.24-1,121.28

Total Expenses472,457.30453,530.27392,945.31304,610.64243,194.61

Mar '14Mar '13Mar '12Mar '11Mar '10

12 mths12 mths12 mths12 mths12 mths

Operating Profit17,140.5113,764.4719,449.6713,490.6715,828.84

PBDIT22,329.6917,276.1114,928.9817,755.0119,829.25

Interest5,907.887,083.525,894.653,017.381,777.36

PBDT16,421.8110,192.599,034.3314,737.6318,051.89

Depreciation6,359.995,691.505,309.264,932.603,555.16

Other Written Off0.000.000.000.000.00

Profit Before Tax10,061.824,501.093,725.079,805.0314,496.73

Extra-ordinary items-83.970.00270.25247.58748.70

PBT (Post Extra-ord Items)9,977.854,501.093,995.3210,052.6115,245.43

Tax3,011.27873.79-269.951,903.774,049.92

Reported Net Profit6,966.583,627.304,265.278,085.6210,998.68

Minority Interest-119.01-821.7139.29254.90285.49

Share Of P/L Of Associates0.000.000.000.000.00

Net P/L After Minority Interest & Share Of Associates5,422.764,449.0111,663.557,583.149,964.49

Total Value Addition36,670.0131,828.5126,727.0224,841.8920,060.90

Preference Dividend0.000.000.000.000.00

Equity Dividend2,221.881,870.331,275.902,349.263,181.31

Corporate Dividend Tax376.330.00213.12399.86546.46

Per share data (annualised)

Shares in issue (lakhs)24,279.5224,279.5224,279.5224,279.5224,279.52

Earning Per Share (Rs)28.6914.9417.5733.3045.30

Equity Dividend (%)0.000.000.000.000.00

Book Value (Rs)279.71259.63248.66237.13216.08

Financial RatioIndian Oil Corporation

------------------- in Rs. Cr. -------------------

Mar '14Mar '13Mar '12Mar '11Mar '10

Investment Valuation Ratios

Face Value10.0010.0010.0010.0010.00

Dividend Per Share----------

Operating Profit Per Share (Rs)70.6056.6980.1155.3064.38

Net Operating Profit Per Share (Rs)2,011.341,922.761,684.231,287.041,044.65

Free Reserves Per Share (Rs)------219.40198.77

Bonus in Equity Capital93.9193.9193.9193.9193.91

Profitability Ratios

Operating Profit Margin(%)3.502.984.754.296.16

Profit Before Interest And Tax Margin(%)2.191.733.432.684.68

Gross Profit Margin(%)2.201.743.452.714.76

Cash Profit Margin(%)2.372.004.123.945.34

Adjusted Cash Margin(%)2.371.984.123.945.34

Net Profit Margin(%)1.440.941.022.474.15

Adjusted Net Profit Margin(%)1.440.951.022.474.15

Return On Capital Employed(%)9.067.7312.8310.8115.74

Return On Net Worth(%)10.437.056.9913.6020.42

Adjusted Return on Net Worth(%)7.805.7419.3813.1419.48

Return on Assets Excluding Revaluations279.71259.63248.66237.07216.00

Return on Assets Including Revaluations279.71259.63248.66237.07216.00

Return on Long Term Funds(%)13.7013.2022.0215.5521.59

Liquidity And Solvency Ratios

Current Ratio0.810.840.830.810.80

Quick Ratio0.620.780.700.500.56

Debt Equity Ratio1.311.381.241.000.94

Long Term Debt Equity Ratio0.530.390.300.390.42

Debt Coverage Ratios

Interest Cover2.411.642.944.199.30

Total Debt to Owners Fund1.311.381.241.000.94

Financial Charges Coverage Ratio3.482.443.845.7711.03

Financial Charges Coverage Ratio Post Tax3.282.432.625.239.03

Management Efficiency Ratios

Inventory Turnover Ratio6.756.936.406.527.12

Debtors Turnover Ratio38.9938.4042.5847.1348.83

Investments Turnover Ratio6.757.426.866.527.12

Fixed Assets Turnover Ratio3.904.073.863.153.25

Total Assets Turnover Ratio3.113.083.012.502.32

Asset Turnover Ratio3.163.243.222.833.25

Average Raw Material Holding------60.1451.86

Average Finished Goods Held------27.9628.97

Number of Days In Working Capital25.0036.7134.5925.1019.94

Profit & Loss Account Ratios

Material Cost Composition89.2390.3389.5589.5287.97

Imported Composition of Raw Materials Consumed----------

Selling Distribution Cost Composition--1.08--3.874.26

Expenses as Composition of Total Sales----------

Cash Flow Indicator Ratios

Dividend Payout Ratio Net Profit36.6642.0335.2335.1034.79

Dividend Payout Ratio Cash Profit19.3218.4415.6121.5326.12

Earning Retention Ratio51.0248.4087.2863.6663.53

Cash Earning Retention Ratio77.7379.9391.2578.0172.95

AdjustedCash Flow Times7.629.314.394.633.59

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