Docstoc

IOC - Download as PDF

Document Sample
IOC - Download as PDF Powered By Docstoc
					                                                                                             Regd off: Indian Oil Bhavan, G-9, Ali Yavar Jung Marg, Bandra (E), Mumbai - 51
INDIAN OIL CORPORATION LIMITED                                                               E-Mail:    investors@indianoil.co.in
                                                                                             Web site: www.iocl.com
                                                                                             Telephone: (022) 2644 7616 Fax: (022) 2644 7961
ENERGY SOURCES                                                         GOVERNMENT            Tr agent: Karvy Computershare, Plot 17-24, Vithalrao Nagar, Madhapur, Hyd. - 81
Chairman: Sarthak Behuria                                                      SEC: Raju Ranganathan                                      AUD: K. K. S. & Co.
Yr of Inc   B. Code       BL. Code      F.V.       Price       % ch 1-m        % ch 12-m       P/E       P/CF           Yield           Mkt cap               Vol.             ISIN
 1959   530965             IOCL:IN      10         578.5         9.9             45.8          27.0          12.1        1.3            702,226.7             115.4        INE242A01010
SHAREHOLDING                                                    FX Transaction (FY09)                               ADJUSTED DAILY SHARE PRICE DATA
Indian Promoters            : 78.9%             Exports (fob)          Rs m 147,856
Foreign collaborators       :   0.0%            Imports (cif)          Rs m 1325937                   (Rs)
Indian inst/Mut Fund        :   5.5%            Fx inflow              Rs m 149626             900
FIIs/GDR                    :   0.9%            Fx outflow             Rs m 1499433                                                                            DAILY
Free float                  : 14.7%             Net fx                 Rs m-1349807
Shareholders                : 196,589                                                                                                                          100 DMA
                                                                                               725
                           No. of months                  12           12             12
                             Year ending            31/03/07     31/03/08       31/03/09
EQUITY SHARE DATA
                                                                                               550
High                                    Rs              622             810           490
Low                                     Rs              310             355           299
Sales per share                         Rs          1,592.4        1,752.2        2,060.8
Earnings per share                      Rs             67.4            66.4          21.8      375
Cash flow per share                     Rs             92.3            91.9          48.5
Dividends per share                     Rs            19.00            5.50          7.50
Dividend yield (eoy)                    %               4.1             0.9           1.9
                                                                                               200
Book value per share                    Rs            311.5           364.8         381.3
Shares outstanding (eoy)                m          1,168.00       1,192.37      1,192.37        Aug-06              May-07              Feb-08            Nov-08               Aug-09
Bonus/Rights/Conversions                                   -               A             -
Price / Sales ratio                     x                0.3             0.3           0.2                                  No. of months               12             12            12
Avg P/E ratio                           x                6.9             8.8         18.1                                     Year ending         31/03/07       31/03/08      31/03/09
                                                                                              CASH FLOW
P/CF ratio (eoy)                        x                5.0             6.3           8.1
Price / Book Value ratio                x                1.5             1.6           1.0    From Operations                           Rs   m      -11,760          -88,671   -213,520
Dividend payout                         %              28.2             8.3          34.4     From Investments                          Rs   m       61,862           34,831    183,480
Avg Mkt Cap                             Rs m        544,288        694,556       470,390      From Financial Activity                   Rs   m      -49,863           53,675     29,489
No. of employees                        `000             30              32            34     Net Cashflow                              Rs   m          239             -165       -550
Total wages/salary                      Rs m         29,024         32,103        59,173
Avg. sales/employee                     Rs Th      62,282.4       65,401.7      72,275.3                                          INTERIM RESULTS
Avg. wages/employee                     Rs Th         971.9        1,004.9       1,740.5                                              2QFY09    3QFY09           4QFY09         1QFY10
Avg. net profit/employee                Rs Th       2,634.6         2,477.0         764.6     Net sales                      Rs   m   864,663   705,341          599,377        591,796
                                                                                              Gross profit                   Rs   m    -58,890   33,831           89,582         49,990
INCOME DATA                                                                                   Gross profit margin            %             -6.8      4.8            14.9             8.4
Net Sales                               Rs     m 1,859,876       2,089,257     2,457,216      Net profit                     Rs   m    -70,471   29,586           66,230         36,829
Other income                            Rs     m   167,064         236,330       452,245      Net profit margin              %             -8.2      4.2            11.0             6.2
Total revenues                          Rs     m 2,026,940       2,325,587     2,909,461
Gross profit                            Rs     m   -22,213         -62,404      -345,667                                              KEY DATA
Depreciation                            Rs     m    29,156          30,417        31,894      Parameters                            Unit              FY07             FY08       FY09
Interest                                Rs     m    17,430          18,000        42,076      Installed refinery capacity           MMTPA               43               47         50
Profit before tax                       Rs     m    98,265         125,509        32,608      Production                            MMTPA               40               43         47
Minority Interest                       Rs     m     -3,119         -6,378         2,036      Capacity utilisation                  %                   93               91         94
Prior Period Items                      Rs     m       -268           -399         3,902      Product sales                         MMT                 58               63         66
Extraordinary Inc (Exp)                 Rs     m    18,120            -224           -18      Pipelines throughput                  MMT                 52               57         60
Tax                                     Rs     m    34,324          39,381        12,533
                                                                                                                                       NOTES
Profit after tax                        Rs     m    78,674          79,127        25,995
Gross profit margin                     %               -1.2           -3.0        -14.1     Indian Oil Corporation Limited (Indian Oil) is the largest oil refining and marketing
Effective tax rate                      %              34.9           31.4          38.4     company in India. Apart from the 60 MMTPA (million tonnes per annum) of existing
                                                                                             refining capacity within the Indian Oil group, a new refinery at Paradip, Orissa is
Net profit margin                       %                4.2            3.8           1.1
                                                                                             coming up with a capacity of 15 MMTPA. The company also operates over 10,000
BALANCE SHEET DATA                                                                           kilometers of crude oil and product pipelines. It also has a retail network of over
                                                                                             17,000 outlets. Its group companies include Chennai Petroleum Corporation Limited,
Current assets                          Rs m   423,019             582,682       472,027     IndianOil (Mauritius) Ltd, Lanka IOC PLC, IOC Middle East FZE, IndianOil
Current liabilities                     Rs m   303,723             354,139       358,654     Technologies Ltd and IndianOil - CREDA Biofuels Limited.
Net working cap to sales                %           6.4               10.9            4.6
Current ratio                           x           1.4                 1.6           1.3    During FY09, Indian Oil recorded a topline growth of 15%. Average gross refining
Inventory Turnover                      Days         57                 65             42    margins during the year was US$ 3.69 per barrel. In order to compensate for the
Debtors Turnover                        Days        10                    9             7    under recoveries on petrol, diesel, kerosene and LPG, ONGC/GAIL/OIL provided
Net fixed assets                        Rs m   419,898             466,673       572,137     discounts of Rs 167.6 bn on crude oil and products purchased from them. The
Share capital                           Rs m    11,680              11,924        11,924     government also provided 'OMC GOI Special Bonds' to the tune of Rs 403.8 bn
"Free" reserves                         Rs m   341,356             408,812       422,711     during the year. FY09 witnessed hectic project activity with capital expenditure worth
                                                                                             Rs 300 bn under progress.
Net worth                               Rs m   363,859             434,944       454,660
Long term debt                          Rs m   134,110             116,198       190,101     The company plans a capital expenditure of Rs 434 bn during the 11th five year plan.
Total assets                            Rs m 1,039,968           1,260,428     1,362,248     While volume off take is likely to remain robust going forward, the company's financial
Interest coverage                       x           6.6                 8.0           1.8    performance will depend on crude oil prices, rupee-dollar exchange rates, interest
Debt to equity ratio                    x           0.4                 0.3           0.4    costs and most importantly, government regulations of product prices.
Sales to assets ratio                   x           1.8                 1.7           1.8
Return on assets                        %         19.3                17.6          10.6
Return on equity                        %         21.6                18.2            5.7
Return on capital                       %         26.2                24.8          12.5
Exports to sales                        %           4.9                 5.5           6.0
Imports to sales                        %         47.1                51.0          54.0
                                                                       GET MORE INFO AT WWW.EQUITYMASTER.COM

				
DOCUMENT INFO
Shared By:
Categories:
Tags:
Stats:
views:15
posted:11/6/2010
language:English
pages:1