` IOC (Indian Oil Corporation Ltd) vs BPCL (Bharat Petroleum Corporation Ltd) Comparison - Alpha Spread

IOC
vs
BPCL

Over the past 12 months, IOC has underperformed BPCL, delivering a return of -12% compared to the BPCL's 6% growth.

Valuation Comparison

IOC Intrinsic Value
210.66 INR
Undervaluation 34%
Intrinsic Value
Price
BPCL Intrinsic Value
489.88 INR
Undervaluation 36%
Intrinsic Value
Price
Company Last Price Intrinsic Value DCF Value Relative Value Wall St Target
Indian Oil Corporation Ltd
NSE:IOC
139.93 INR
Bharat Petroleum Corporation Ltd
NSE:BPCL
313.25 INR

Financials Comparison

Growth Over Time
IOC vs BPCL

IOC
BPCL
Add Stock
Revenue
www.alphaspread.com
Company LTM Historical Growth Growth Streak % Positive Years Max Drawdown Volatility Forecasted Growth
3 Years 5 Years 10 Years 1 Year 3 Years
Indian Oil Corporation Ltd
Revenue
Bharat Petroleum Corporation Ltd
Revenue

All metrics are calculated based on data from the last 10 years.

Profitability Comparison

Free Cash Flow
IOC vs BPCL

IOC
BPCL
Add Stock
Free Cash Flow
www.alphaspread.com
Company LTM Average Historical Growth FCF Margin Conversion
3 Years 5 Years 3 Years 5 Years 10 Years
Indian Oil Corporation Ltd
NSE:IOC
Bharat Petroleum Corporation Ltd
NSE:BPCL
What is Free Cash Flow?

Gross Margin

IOC
11.8%
BPCL
11%

Operating Margin

IOC
2.3%
BPCL
3.6%

Net Margin

IOC
1.6%
BPCL
2.7%

FCF Margin

IOC
0%
BPCL
1.7%

ROE

IOC
7.5%
BPCL
17%

ROA

IOC
2.7%
BPCL
6.3%

ROIC

IOC
3.7%
BPCL
8%

ROCE

IOC
7.3%
BPCL
14.6%

Stocks Performance

Stocks Performance
IOC vs BPCL

Loading
IOC
BPCL
Add Stock
www.alphaspread.com
1Y 3Y 5Y 10Y 15Y 20Y

Performance Gap
IOC vs BPCL

Loading
IOC
BPCL
Difference
www.alphaspread.com
1Y 3Y 5Y 10Y 15Y 20Y

Performance By Year
IOC vs BPCL

Loading
IOC
BPCL
Add Stock
Unlock Full Access to Alpha Spread
Create Free Account
ALPHA SPREAD
Follow us
Join more than 263,300+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.