INDIAN OIL CORPORATION EQUITY SHARE ANALYSIS AND RECOMMENDATION

INDIAN OIL CORPORATION EQUITY SHARE ANALYSIS

INDIAN OIL CORPORATION SHARE AT 52 WEEKS LOW. BEST FOR BUY AT RS. 105 TO RS. 110 LEVEL

ANALYSIS FOR RECOMMENDATION

RECOMMENDATION FOR BUY BETWEEN RS. 105-RS.110

CURRENT VALUE - RS. 115- RS. 120

TARGET - RS. 150 - RS.160

QUALITY - GOOD

VALUATION - AVERAGE

FINANCIAL TREND - DOWN

LAST THREE YEAR SALES GROWTH - 15 %

PE - 9.90 (<10 GOOD)

FACE VALUE - 10

EARNING YIELD MORE THAT 11% BETTER THAN BANK CURRENT INTEREST LEVEL

BOOK VALUE - 119 HIGHER THAT CURRENT MARKET PRICE

OWNER - GOVERNMENT OF INDIA SO RISK FREE

LAST ONE YEAR LOW - RS. 117

EPS GROWTH - GOOD

CONTINUOUSLY MAKING PROFIT FROM LAST 10 YEARS

DIVIDEND TOO PAYING CONTINUOUSLY

PROS:

Stock is trading at 0.98 times its book value

Stock is providing a good dividend yield of 7.68%.

Company has been maintaining a healthy dividend payout of 61.31%

CONS:

Promoter holding has decreased by -0.68% over last quarter