Reliance Industries Limited vs Indian Oil Corporation Limited
An objective side-by-side of RELIANCE and IOC, both in Refineries: valuation, profitability, growth, balance sheet, ownership and share-price performance. Where one number is clearly better on its own terms (lower P/E, higher ROE), it is shaded. That is a description, not a recommendation.
Prices as of 2026-11-05 close
Latest results: RELIANCE Sep 2026 · IOC Sep 2026
At a glance
- Reliance Industries Limited is the larger company by market value, about 8.7 times the size of Indian Oil Corporation Limited.
- On trailing earnings, Indian Oil Corporation Limited trades at the lower P/E (4.1 against 18.6).
- Indian Oil Corporation Limited earns the higher return on equity (21.5% against 10.1%).
- Over three years Indian Oil Corporation Limited has grown profits faster (63% a year against 5%).
- Over the past year the share prices returned -11.8% (RELIANCE) and -11.6% (IOC).
| Metric | Reliance Industries RELIANCE |
Indian Oil IOC |
|---|---|---|
| Size and price | ||
| Market cap | ₹1,777,355 Cr | ₹204,052 Cr |
| Share price | ₹1,313.40 | ₹144.50 |
| Valuation | ||
| P/E | 18.59 | 4.08 |
| P/B | 1.88 | 0.87 |
| EV/EBITDA | 11.23 | 4.03 |
| PEG | 3.72 | 0.06 |
| Dividend yield | 0.5% | 4.7% |
| Profitability | ||
| ROE | 10.1% | 21.5% |
| ROCE | 10.0% | 19.0% |
| Operating margin | 16.1% | 8.9% |
| Sales (TTM) | ₹1,206,006 Cr | ₹964,920 Cr |
| Net profit (TTM) | ₹95,625 Cr | ₹50,040 Cr |
| Growth | ||
| Latest quarter sales YoY | +27.7% | +23.0% |
| Latest quarter profit YoY | +33.4% | +174.7% |
| Sales CAGR 3Y | +6.0% | -2.0% |
| Profit CAGR 3Y | +5.0% | +63.0% |
| Sales CAGR 5Y | +18.0% | +17.0% |
| Profit CAGR 5Y | +12.0% | +14.0% |
| Financial strength | ||
| Debt/Equity | 0.43 | 0.60 |
| Interest cover | 4.48 | 7.06 |
| Ownership | ||
| Promoter holding | 50.4% | 51.5% |
| Promoter change (4 qtrs) | +0.43 pp | +0.00 pp |
| Price performance | ||
| Return 1M | +7.83% | +9.80% |
| Return 3M | +2.61% | +0.35% |
| Return 1Y | -11.76% | -11.63% |
| Return YTD | -16.37% | -13.19% |
| Technical condition | ||
| Technical score | 73 | 66 |
| RS rating (1-99) | 56.00 | 54.00 |
| % vs 200-DMA | -0.95% | -0.38% |
| RSI (14) | 67.34 | 73.23 |
| % from 52-week high | -18.51% | -23.53% |
