IOCL Ka Profit Kaise Hua Itna Mast?
Yaar, IOCL ne fiscal year mein ₹36,802 Crore ka Net Profit book kiya hai, jo pichle saal ke ₹12,962 Crore se almost 3 guna hai. Iske peeche sabse bada reason hai 'inventory gains', matlab stocks ki value badh gayi. Q4 mein bhi revenue 7% badh kar ₹2.3 lakh Crore pahunch gaya aur sales volume 5% tezi se 89 million metric tonnes ho gaya.
New Future: SAF Mein Entry!
Ab company future ko dhyan mein rakhte hue SAF (Sustainable Aviation Fuel) business mein bhi utar rahi hai. Iske liye M11 Energy Transition ke saath 50:50 ka joint venture banaya hai, jisme ₹1,064 Crore lagayenge Paradip mein SAF plant banane ke liye. Ye ek step hai green energy ki taraf.
Future Plans Aur paisa!
FY25-26 ke liye IOCL ₹33,494 Crore ka capital spending karne ka plan bana rahi hai refinery, petrochemicals aur energy transition projects ke liye. Iske liye company ₹15,000 Crore tak ka debt bhi raise kar sakti hai March 2025 tak.
Brokers Kya Keh Rahe Hain?
Analysts kaafi positive hain IOCL ko lekar. Zyadatar 'Buy' ki rating de rahe hain aur 12 mahine ka target price ₹165 se ₹179 ke beech mein de rahe hain. P/E ratio bhi competitors jaise BPCL (5.53x) aur HPCL (4.71x) ke aas-paas hai.
Thodi Challenges Bhi Hain...
Sab kuch profit nahi hai. Company ka jo high profit dikh raha hai woh inventory gains se hai, actual mein petrol aur diesel sales par margin kam hai. Crude oil prices ke upar-neeche hone se problem ho sakti hai. Plus, company debt bhi raise kar rahi hai capital spending ke liye, jisse debt-to-equity ratio thoda manage karna padega. LPG subsidies se bhi cash flow pe fark pad sakta hai agar compensation delay ho.