Indian Oil Corporation vs Reliance Industries: Share Price, Valuation and Results Compared

Indian Oil Corporation Ltd (IOCL) (NSE: IOC) and Reliance Industries Ltd (RIL) (NSE: RELIANCE) are both listed in the Petroleum and Petroleum Products industry. Indian Oil Corporation has a market capitalisation of ₹1,85,351 Cr and Reliance Industries ₹17,59,230 Cr, as of 9 Nov 2026. Their P/E ratios are 4.4 and 21.8 respectively. Return on equity is 20.97% for Indian Oil Corporation and 9.14% for Reliance Industries. Over one year, Indian Oil Corporation's share price is down 12.4% and Reliance Industries's is down 10.8%.

Indian Oil Corporation vs Reliance Industries — Key Figures

MetricIndian Oil CorporationReliance Industries
NSE SymbolIOCRELIANCE
BSE Code530965500325
Share Price₹146.85₹1,325.00
Market Cap₹1,85,351 Cr₹17,59,230 Cr
P/E Ratio4.421.8
Return on Equity20.97%9.14%
Return on Assets8.16%3.67%
Dividend Yield2.79%0.46%
Beta (1Y)0.52-0.06
1-Year Price Change-12.4%-10.8%
3-Month Price Change+3.4%-0.2%
52-Week Range₹124.92 – ₹188.96₹1,152.20 – ₹1,611.80
Latest QuarterQ2 FY27Q2 FY27
Quarterly Revenue₹2,68,039 Cr₹3,32,861 Cr
Quarterly Net Profit₹22,503 Cr₹29,550 Cr
Net Margin8.4%8.9%
EPS (Basic, Quarter)₹15.54₹18.88
Results Basisconsolidatedconsolidated
HeadquartersNew Delhi, DelhiMumbai, Maharashtra

The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.

About the Companies

Indian Oil Corporation Ltd (IOCL)

Indian Oil Corporation Limited, together with its subsidiaries, engages in the oil, gas, petrochemicals, and alternative energy source businesses in India and internationally. It operates through Sale of Petroleum Products, Sale of Petrochemicals, Sale of Gas, and Other segments. The company is involved in the refining of petroleum products; exploration and production of crude oil and gas; explosives and cryogenic businesses; pipeline transportation of crude oil, petroleum, and gas; petrochemicals and gasoline; gas and LPG marketing; research and development; city gas distribution; and downstr…

Reliance Industries Ltd (RIL)

Reliance Industries Limited engages in the hydrocarbon exploration and production, oil and chemicals, retail, and digital service businesses worldwide. It operates through Oil to Chemicals, Oil and Gas, Retail, Digital Services, and Others segments. The company offers refining and marketing products, including liquefied petroleum gas, propylene, naphtha, gasoline, jet/aviation turbine fuel, kerosine oil, diesel, sulphur, and petroleum coke. It also provides polymers, including high-density and low-density polyethylene (PE), linear low-density PE, homopolymer, random and impact copolymer, and p…

Frequently Asked Questions

Which is larger by market cap, Indian Oil Corporation or Reliance Industries?

Reliance Industries has a market capitalisation of ₹17,59,230 Cr, against ₹1,85,351 Cr for Indian Oil Corporation as of 9 Nov 2026, about 9.5 times the size by market cap.

What is the P/E ratio of Indian Oil Corporation and Reliance Industries?

Indian Oil Corporation has a P/E of 4.4 and Reliance Industries a P/E of 21.8 as of 9 Nov 2026.

What is the return on equity of Indian Oil Corporation and Reliance Industries?

Indian Oil Corporation has a return on equity of 20.97% and Reliance Industries 9.14%.

How have Indian Oil Corporation and Reliance Industries shares moved over one year?

Indian Oil Corporation's share price is down 12.4% over one year and Reliance Industries's is down 10.8%.

What were the latest quarterly results of Indian Oil Corporation and Reliance Industries?

Indian Oil Corporation reported revenue of ₹2,68,039 Cr and net profit of ₹22,503 Cr for Q2 FY27. Reliance Industries reported revenue of ₹3,32,861 Cr and net profit of ₹29,550 Cr for Q2 FY27. Figures are parsed from each company's exchange filing.

Which industry are Indian Oil Corporation and Reliance Industries in?

Both are classified under Oil, Gas and Consumable Fuels > Oil and Gas Refining and Marketing > Petroleum and Petroleum Products on FinBizNet.

Is this comparison a recommendation to buy or sell Indian Oil Corporation or Reliance Industries?

No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.

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Data as of 9 Nov 2026. Descriptive market data only — not investment advice.