Slick Returns Of 10,390%: IOC’s Success Story

10,390% returns!

That’s how much the Indian Oil Corporation Ltd multiplied investors’ ₹1 lakh capital to ₹2.09 crores over a period of two decades. It has also presented its investors with ₹1,05,72,641 worth of dividends. Let’s check out this stellar stock’s multibagger journey!

🛢️ Stock Name: Indian Oil Corporation Ltd.
🛢️ NSE: $IOC

⭐ About The Company
The Indian Oil Corporation (IOC) is among the Maharatna companies that are under the control of the Government of India.

It has business interests across the entire hydrocarbon value chain, which comprises of:
⛽ Refining
⛽ Pipeline Transportation
⛽ Research and development
⛽ Exploration and production
⛽ Marketing of petroleum products, natural gas and petrochemicals

It is the largest refining company in India and owns 11 refineries across India with a total capacity of 81.2 MMTPA (million metric tonnes per annum) and possesses 32% of the total refining capacity.

IOC operates through:
⚡ 29,000 retail outlets of petrol pumps
⚡ 12,500 LPG distributors
⚡ 7,000 bulk consumer pumps
⚡ 3,900 superior kerosene oil dealerships

The Maharatna company is a leader in market infrastructure and controls 42% of retail outlets, 50% of LPG distributorships and 47% of aviation fuel stations in India. Globally, it has a presence in Sri Lanka, Mauritius, UAE, Singapore, Sweden, USA and the Netherlands through its subsidiaries.

💰 Stock Value
💵 IOC had 5 bonus issues :
📅 On 14th August 2003 in the ratio of 1:2 (8733 x 1.5)
📅 On 29th October 2009 in the ratio of 1:1 (13099 x 2)
📅 On 18th October 2016 in the ratio of 1:1 (26198 x 2)
📅 On 15th March 2018 in the ratio of 1:1 (52396 x 2)
📅 On 30th June 2022 in the ratio of 1:2 (104792 x 1.5)

The effective number of shares went from 8,733 to 1,57,188

💵 On September 30, 2002, the shares of the company were trading at ₹11.45, while they were priced at ₹66.10 as of September 29, 2022.