TickerKhojComparison · NSE · data 2026-11-02
Indian Oil Corp. Ltd. vs Reliance Industries Limited
In plain words
Size: Reliance Industries Limited is about 8.6 times the market value of Indian Oil Corp. Ltd..
Valuation (P/E): Reliance Industries Limited 20.4 vs Indian Oil Corp. Ltd. 3.9.
Return on equity: Indian Oil Corp. Ltd. 20.7% vs Reliance Industries Limited 9.2%.
Profit growth over 3 years: Indian Oil Corp. Ltd. 62.6% a year vs Reliance Industries Limited 6.6% a year.
Debt to equity: Indian Oil Corp. Ltd. 0.6 vs Reliance Industries Limited 0.44.
Differences in the numbers, not a recommendation of either stock.
Side by side
| IOC | RELIANCE | |
|---|---|---|
| Price | ₹134.31 | ₹1,237.5 |
| Market cap | ₹1,83,576 cr | ₹15,74,579 cr |
| P/E | 3.9 | 20.4 |
| P/B | 0.8 | 1.8 |
| ROE | 20.7% | 9.2% |
| ROCE | 20.8% | 7.9% |
| Debt / equity | 0.6 | 0.44 |
| Operating margin | 7.3% | 11.2% |
| Dividend yield | 6.35% | 0.52% |
| Sales growth, 3 years (yearly) | -2.2% | 6.4% |
| Profit growth, 3 years (yearly) | 62.6% | 6.6% |
| 1-year return | -17.9% | -17.0% |
| Revenue, last 12 months | ₹9,33,821 cr | ₹11,99,033 cr |
| Net profit, last 12 months | ₹47,242 cr | ₹82,110 cr |
| Latest quarter | Sept 2026 | Sept 2026 |
| Quarter net profit | ₹21,408 cr | ₹25,548 cr |
| Quarter profit vs a year earlier | +173.8% | +40.6% |
| Promoter holding | 51.50% | 50.44% |
| Health check | Strong (7.1/10) | Average (5/10) |
Common questions
Which has a higher P/E, Indian Oil Corp. Ltd. or Reliance Industries Limited?
Reliance Industries Limited trades at the higher P/E (20.4 against 3.9). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Indian Oil Corp. Ltd. (20.7% against 9.2%).
Which carries more debt?
Indian Oil Corp. Ltd. has the higher debt-to-equity ratio (0.6 against 0.44).