BPCL vs IOC: Stock Comparison
INDIAN OIL CORP is the larger company by market capitalisation. BHARAT PETROLEUM CORP LT shows a higher ROE, a higher dividend yield and lower leverage, while INDIAN OIL CORP shows a lower P/E. These are relative readings on individual metrics — weigh valuation against growth, margins, leverage and capital efficiency rather than treating any single number as decisive.
Metric snapshot
BPCL leads 7; IOC leads 5 of 13
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✓ marks the usual favourable reading; it is not a recommendation.
Key Differences
Each difference is a single, relative reading — StockeZee does not name an overall winner.
Profile
| Metric | BPCL | IOC |
|---|---|---|
| Sector | Oil Gas & Consumable Fuels | Oil Gas & Consumable Fuels |
| Industry | Refineries & Marketing | Refineries & Marketing |
Price
| Metric | BPCL | IOC |
|---|---|---|
| Live Price | ₹289.2 | ₹130.41 |
| Day Change | 0.77% | 0.2% |
| Volume | 27.86 L | 78.01 L |
| 52-Week High | ₹391.65 | ₹188.96 |
| 52-Week Low | ₹266.6 | ₹124.92 |
| Distance from 52W High | -26.16% | -30.99% |
Valuation
| Metric | BPCL | IOC |
|---|---|---|
| Market Cap | ₹1.25 L Cr | ₹1.84 L Cr |
| P/E Ratio | 7.92x | 5.46x |
| P/B Ratio | 1.23x | 0.84x |
| EPS | ₹35.9 | ₹-1.15 |
| Book Value | ₹237.44 | ₹159.72 |
| Dividend Yield | 6.77% | 6.36% |
Growth
| Metric | BPCL | IOC |
|---|---|---|
| Revenue Growth (TTM YoY) | 6.7% | 6.7% |
| EPS Growth (TTM YoY) | 28% | 78.1% |
| Qtr Sales Growth | -1.07% | 0% |
| Qtr Profit Growth | 359.68% | 0% |
Profitability & Leverage
| Metric | BPCL | IOC |
|---|---|---|
| ROE | 24.47% | 19.37% |
| ROCE | 23.27% | 13.19% |
| Net Margin | 5.68% | 5.29% |
| Operating Margin | 6.26% | 6.97% |
| Debt to Equity | 0.11x | 0.58x |
Shareholding
As of Sep 2026 • change vs previous quarter| Metric | BPCL | IOC |
|---|---|---|
| Promoter Holding | 52.98% | 51.5% |
| FII Holding | 16.66%▼ 0.18 pp | 8.61%▼ 0.47 pp |
| DII Holding | 21.58%▲ 0.51 pp | 10.05%▲ 0.43 pp |
| Public Holding | 7.93%▼ 0.32 pp | 10.37%▲ 0.05 pp |
How to Read This Comparison
Valuation ratios (P/E, P/B) use the latest consolidated figures where available; growth numbers compare against the same period last year; shareholding percentages come from the most recent quarterly filings, with the change shown against the prior quarter. A "more favourable" highlight is relative between these two companies only — it is not a rating, a recommendation, or a comparison against the wider sector. Rows with no reported data for either company are hidden rather than shown empty.
Deep-dive each company on its stock page for quarterly results, technicals, filings and the full peer set: BHARAT PETROLEUM CORP LT and INDIAN OIL CORP.
Related Comparisons
Data source: NSE and company filings via StockeZee. This comparison is informational — it is not investment advice, and StockeZee is not a SEBI-registered investment adviser.

