Indian Oil Corporation's intrinsic value using Intellectual Capital analysis

Indian Oil Corporation

BSE : 530965

|

NSE : IOC

Industry : Refineries

|

ISIN : INE242A01010

|

FreeFloat : 23.92%

|

FnO : Yes

|

LotSize : 9750

BSE 100 | BSE 100 Largecap TMC | BSE 200 | BSE 250 LargeMidcap | BSE Largecap | BSE LargeMidcap | BSE SENSEX Next 50 | Nifty 100 | Nifty 200 | Nifty LargeMidcap 250 | Nifty Next 50 | Nifty100 Equal Weight | BSE Energy | BSE Oil & Gas | Nifty Energy | Nifty Oil and Gas | BSE Dividend Stability | BSE Enhanced Value | Nifty Dividend Opp 50 | Nifty Low Volatility 50 | Nifty100 Low Volatility 30 | Nifty500 Value 50 | BSE 100 ESG | BSE CARBONEX | NIFTY 100 ESG Sector Leaders | Nifty100 Enhanced ESG | Nifty100 ESG | BSE Bharat 22 | BSE CPSE | BSE PSU | Nifty Commodities | Nifty India Manufacturing | Nifty Infrastructure | Nifty Mobility | Nifty PSE

Intellectual Capital (IC)	50,634.45
Net Worth (NW)	129,781.70
Intrinsic Worth (IW)	180,416.20
Market Cap (MC)	108,027.50
Economic Value Added	-5,109.22

Discount Rate	%
Liquidity Premium	%

Knowledge Basis (IC/IW)	28.07%
IC Gross Margin (EBITDA/IC)	82.22%
IC Net Margin (NPT/IC)	33.15%
Knowledge Turnover (Sales/IC)	20.75
Market to Intrinsic Value (MC/IW)	0.60

As Of	Intrinsic Value	Market Price
31 Dec 2022	Rs. 127.76	Rs. 76.50
20 Mar 2023	----	Rs. 80.60
20 Mar 2023	----	1.30 1.61%

Fundamental - medium term		Technical - near term		Combined outlook
EVA > 0 : No	Sell	10 DMA : Rs. 79.00	Buy	Hold
KB > 50% : No		50 DMA : Rs. 79.85
0 < M2IV < 1 : Yes		Vol-Price trend : Rising
Disclaimer: Stock outlook is based on data calculations only and does NOT constitute investment advice.

Question 3 - Is this stock undervalued?

Question 2 - Does this business have significant knowledge assets?

Question 1 - Is this business generating enough profits to cover its cost of capital?

* EVA is a registered trademark of Stern Stewart and Co.

Quarterly Results (Rs. Cr)

Quarter

Type*

Sales

Income

EBITDA

EBIT

PBT

PAT

NPT

Mar-20
C
118007.30
119255.60
-3111.62
-5764.15
-17852.48
-9101.32
-7782.55

Jun-20
C
60528.68
61198.30
6258.98
3645.86
2983.38
2129.23
2350.25

Sep-20
C
81704.43
82862.42
10191.92
7535.58
8373.31
6032.38
6025.81

Dec-20
C
101969.50
102928.50
9793.75
7070.63
7296.00
3826.51
4359.11

Mar-21
C
119747.10
120460.00
14340.38
11391.51
10901.31
8577.37
9026.49

Jun-21
C
156519.20
157018.40
11498.92
8567.60
7683.42
5793.90
6109.69

Sep-21
C
171787.20
172646.30
12477.60
9465.30
8350.99
6203.74
6139.29

Dec-21
C
199375.30
200518.50
12247.15
9135.13
8016.06
6143.08
5903.51

Mar-22
C
209049.20
209629.90
14989.84
11697.90
9891.42
6645.72
6523.78

Jun-22
C
255381.60
256004.60
6409.43
3251.11
1343.61
882.96
3424.79

Sep-22
C
233013.60
233801.00
4310.98
1027.82
-526.61
-910.21
-1113.42

Dec-22
C
232303.20
233876.50
6035.57
2584.15
462.08
890.28
-29.10

* C - Consolidated, S - Standalone