Which stock is cheaper: IOC or BPCL?

Based on Price to Earnings, IOC trades at a P/E of 5.5 while BPCL trades at a P/E of 7.6.

Does IOC or BPCL have higher ROCE?

IOC generates an ROCE of 33.0% compared to BPCL's ROCE of 32.7%.

INDIAN OIL CORP LTD (IOC) has a market cap of ₹1,90,792 Cr compared to BHARAT PETROLEUM CORP LT (BPCL) with ₹1,30,100 Cr.

IOCEnergy

Leads (4/5)

₹130.15-0.20%

Market Cap: ₹1,90,792 Cr

BPCLEnergy

₹284.90-1.49%

Market Cap: ₹1,30,100 Cr

Automated quantitative breakdown of fundamental strengths between IOC and BPCL.

Attractive ValuationIOC (P/E 5.5)Trades at lower Price-to-Earnings

Capital EfficiencyIOC (ROCE 33.0%)Superior operating return on capital

Balance Sheet SafetyBPCLLower debt-to-equity ratio

Shareholder YieldIOC (482.52%)Higher annual dividend yield

Green highlight indicates the stronger metric

Financial Metric	IOC	BPCL
Valuation Multiples
Market Capitalization	₹1,90,792 Cr	₹1,30,100 Cr
Price to Earnings (P/E)	5.52	7.56
Price to Book (P/B)	0.93	1.37
Profitability & Capital Efficiency
Return on Capital Employed (ROCE)	33.00%	32.75%
Return on Equity (ROE)	15.71%	21.56%
Operating Profit Margin (OPM)	6.49%	5.17%
Net Profit Margin (NPM)	4.25%	6.14%
Balance Sheet & Solvency
Debt to Equity Ratio	0.60	0.22
Dividend Yield	482.52%	234.47%
Historical Growth
3-Year Sales Growth (CAGR)	13.47%	12.33%
Latest Quarter Financial Results
Quarterly Revenue (30 Jun 2026)	₹2,66,407 Cr	₹1,51,277 Cr
Quarterly Net Profit	₹-1,631 Cr	₹-1,873 Cr