IOC Share Price Target 2022, 2023, 2024, 2025, 2030– Friends, today we will know how a leading company in India related to oil refining & petroleum marketing business has the ability to show its performance in the coming time. However, being a government company, the performance of the company’s share price did not get as much performance in the long run. Where the performance of IOC can be seen going in the coming years, today we will try to know by analyzing the complete information of the company. Let us know in detail-
IOC Share Price Target 2022
Indian Oil Corporation Ltd is an Indian Government corporation owned by the Department of Petroleum and Natural Gas. IOC headquarters are in New Delhi. It is the largest state-owned oil company in our country with an estimated profit of $ 6.1 billion in the 2021 financial year. The IOC operates in the field of Filtering Companies. The IOC was established as an Indian Oil Company in 1959 but later in 1964 it was renamed Indian Oil Corporation due to the incorporation of other small refining Company.
In this section of the article, we are here trying to analyze and attempt to predict the two target stock prices of Indian Oil Corporation which the Company is able to exceed by the year 2022. The initial target price of the IOC can be Rs.140. And the target price for the second quarter of 2022 is approximately Rs. 145.
IOC Share Price Target 2023
The Indian Oil Corporation was awarded the name ‘Maharatna’ for providing the largest amount of profits and revenue to the Government of India. Indian Oil Corporation has a very diverse Business interest the Company is able to achieve by establishing a joint venture with another Business Company in India and Abroad to evaluate its Opportunities in the International Market. The IOC plans to invest an estimated Rs.7000 cr. by establishing urban gas distribution networks in cities where the IOC has been able to obtain its license in recent bids.
The price of two shares targeted by the IOC which the Company is able to acquire approximately in the coming year of 2023. The first share price target of IOC Company can achieve is approximately Rs. 164. And the second predicted target for the same share in 2023 is approximately Rs. 172.
IOC Share Price Target 2024
The IOC was named after India’s Fortune Global 500 Company. The IOC does not only work in the refining sector but also the Company is also involved in Business regarding the Transport Pipeline, Petroleum Chemicals and gas marketing. The IOC plans to shut down 10,000 electric vehicle charging stations over the next 3 years as the Government tries to influence people by wasting electricity leading to zero by 2070. The IOC is trying to create a network of electrical charging stations that will provide people with convenience. charging their electric cars.
Here in this section of the article, we try to provide the price of shares target of IOC which the Company is able to achieve by the year 2024. The first share price target of IOC which the Company was able to acquire was approximately Rs. 195. And the second predicted target for Same Share in Year 2024 is about Rs. 200.
IOC Share Price Target 2025
Last month in the 2021 financial year, the IOC received approval from its Board of Directors to acquire 4.93% of all shares in the Capital of IGX known as the Indian Gas Exchange. Assets Return called ROA which helps us measure how successful the Company can be from its investment in assets. The IOC ROA is about 6.36% which is a bad sign for their future performance. IOC developers own 51.5 percent of the Company’s total stock market share.
The share price targeted by IOC shares the Company was able to acquire around 2025. The first share price target of IOC can be Rs. 235. And the second share price target of IOC shares is almost Rs. 244.
IOC Share Price Target 2030
The present Market Cap is valued at Rs.118147.69cr. Current IOC Debts are estimated at Rs.1,02,327.49cr. IOC Profit Growth in the last financial year is the highest of any Company estimated at 1562.77% which is a good sign for any Company. The ROE% Equity Rate in the last financial year is approximately 21.38%. The ROCE% of the IOC is almost 15.91% in the last one year. The IOC has a healthy interest rate of 8.52.
The price of two targets shares in Indian Oil Corporation Company has been acquired by the end of this decade which is the year 2030. The first share price target of IOC shares by 2030 is almost Rs. 450. And Second share price target for IOC shares for 2030 is about Rs. 470.
IOC Share Price Target 2022, 2023, 2024, 2025, 2030 Table
|Year||IOC Share Price Target|
|2022 First Target||Rs 140|
|2022 Second Target||Rs 145|
|2023 First Target||Rs 164|
|2023 Second Target||Rs 172|
|2024 First Target||Rs 195|
|2024 Second Target||Rs 200|
|2025 First Target||Rs 235|
|2025 Second Target||Rs 244|
|2030 First Target||Rs 450|
|2030 Second Target||Rs 470|
Future Prospectus of the IOC Share
The IOC plans to invest an estimated Rs.7000 cr. by establishing urban gas distribution networks in cities where the IOC has been able to obtain its license in recent bids. The IOC plans to shut down 10,000 electric vehicle charging stations over the next 3 years as the Government tries to influence people by wasting electricity leading to zero by 2070. The IOC is trying to create a network of electrical charging stations that will provide people with convenience. charging their electric cars. The IOC will try to bid for a large number of CNG sales licenses for cars in the latest round of city gas bidding.
Risks of the IOC Share
- The IOC has shown a negative profit margin over the past 3 years of about 0.76% for the Company to improve in the coming years.
- The IOC has shown a negative increase in revenue over the past 3 years which is about 3.19% which the Company has to show in the coming years.
- The ROA% of the IOC is about 6.36% which works as a bad omen for future performance.
- The current IOC average is about 0.74 which helps to measure a company’s ability to pay off its short-term debt and its short-term assets.
After analyzing all the factors needed to study to consider whether investing in IOC shares is a good investment or not. The short-term trend of IOC shares is positive and upward. The long-term trend of IOC shares is also positive and going up. Therefore, I suggest that you invest in IOC shares in the long run to get better returns and higher returns in the coming years up to 20-25%.
I hope that after reading the post IOC Share Price Target 2022, 2023, 2024, 2025, 2030 you must have got the idea, which way the company’s performance can be seen going in the coming time. If you still have any question related to this post in your mind, then do not forget to tell in the comment. To stay updated with such important information related to the share market, do not forget to stay tuned with Market In India.