{"id":192186,"date":"2026-08-10T10:22:34","date_gmt":"2026-08-10T04:52:34","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=192186"},"modified":"2026-08-10T10:22:35","modified_gmt":"2026-08-10T04:52:35","slug":"hpcl-vs-indian-oil-corporation-comparison","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/hpcl-vs-indian-oil-corporation-comparison\/","title":{"rendered":"Hindustan Petroleum Corporation vs Indian Oil Corporation: Which Stock Should You Track"},"content":{"rendered":"
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HPCL MCap Rs 84,028 Cr, PE 50.31x (cyclical), ROE 27.53%, D\/E 0.85, Div 6.14%. IOC MCap Rs 2,02,216 Cr, PE 5.66x, ROE 19.18%, D\/E 0.60.<\/em><\/p>\n

HPCL vs Indian Oil Corporation (IOC) is a comparison investors look up when evaluating India’s listed oil marketing companies (OMCs). Both are government-owned PSUs refining and marketing petroleum products across India. Indian Oil Corporation is the largest by revenue and refining capacity, while HPCL (Hindustan Petroleum Corporation) is a smaller OMC with a focus on retail fuel marketing and a growing green hydrogen and LNG strategy. Both are sensitive to crude oil prices, government fuel pricing policy and refining margins (GRMs).<\/p>\n

This Hindustan Petroleum Corporation vs Indian Oil Corporation article covers reach and market position, key products, latest declared results and stock valuation. The Hindustan Petroleum Corporation vs Indian Oil Corporation data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.<\/p>\n

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