Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 13 Oct - CARE reaffirmed KIOCL’s ₹1,050 crore bank facilities at BBB+/A2; outlook revised to Stable from Negative.
Source: Bse
KIOCL Limited (KIOCL)
Small CapPower stocks · Small cap · NSE
KIOCL Limited operates in Oil Refining / Marketing, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:11 am IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Power P/E 16.8 (n=92)
Technical timing lens
Trend score and candlestick chart
27Bearishfull bear SMA stack · SMA20 -5.5% / mo · MACD +
Stock trend: 27
Sector RS: —
Power FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
KIOCLD candles · FIT view-18.4%Latest close ₹337.90 on 2026-10-21
Bar
-4.7%
RSI
41
MACD hist
1.26
52W pos
27%
2026-10-21O ₹354.75H ₹354.75L ₹335.10C ₹337.90Vol 56,452 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
KIOCLNifty PowerNifty 500
- KIOCL
- -8.4%
- Nifty 500
- -6.5%
- Nifty Power
- -14.5%
- Vs Nifty 500
- -1.9 pp
Chart stats
21 Oct 2026- From 52W high
- -33.0%
- 52W range position
- 22%
- ATR (14)
- 4.5%
- Volume vs 20D
- 0.57x
- Avg traded value
- ₹3.6 Cr
- 20D price channel
- ₹321 - ₹384.9
₹504.4
₹290.7 - ₹504.4
₹15.4
Latest completed session
20-session average
43.9% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · OVERVALUED18
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average45
Revenue +73.6% · PAT NDF YoY
Technical
Bearish27
Price trend and sector-relative-strength timing.
Valuation
Legacy model-53492.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence64
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 45/100Rev +74% YoY · margin expansion
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹158 Cr | +73.6% | -28.2% |
| EBITDA | ₹-27 Cr | +35.7% | -184.4% |
| Operating margin | -17.0% | +2900 bps | -3100 bps |
| PAT | ₹-15 Cr | NDF | -128.3% |
| PAT margin | -9.5% | +3227 bps | -3358 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 502.00
- P/B
- 11.29
- EV/EBITDA
- 788.68
- Market Cap
- 19525.00Cr
Profitability
- ROE
- 0.92%
- ROCE
- 1.35%
- ROA
- 1.65%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -24.00%
- EPS 5Y
- -44.00%
- Revenue 3Y
- -26.00%
- EPS 3Y
- 29.00%
Balance Sheet
- Debt/Equity
- 0.11
- Interest Coverage
- -0.80×
- Altman Z
- 7.20
- Book Value
- 28.60
Cash Flow
- FCF Yield
- 0.11%
- FCF Positive Y
- 8/5
- OCF
- 79.00 Cr
- EPS TTM
- 0.65
Shareholding
- Promoter Hold
- 99.03%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 9%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 158-28.2% vs prev
Net Profit
₹ CrLatest: -15.0-128.3% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 41.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~5.8% over last month) — short-term momentum negative.
- RSI(14) at 41 — falling, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 27% off 52W high · 16% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
37
RS percentile
Stage 1 Base / Transition
1M return
-0.9%
3M return
-8.4%
6M return
-18.0%
1Y return
-22.3%
RS 1D
-1
RS 20D
+5
Sector rank
#12
Industry rank
-
Stage evidence
- Price is 10.2% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed +1.0% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 81.24-2.83%
RS vs Nifty 50081
Valuation & peers
U-Score 18 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 18 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation0/30
Growth2/25
Quality0/20
Balance Sheet8/15
Cash Flow4/10
Piotroski
6/9 (+3)
Penalties
1
Raw sum
18
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
18/100 · legacy band OVERVALUED
Positive drivers
- Balance sheet contributes 8/15 to the score.
- Cash flow contributes 4/10 to the score.
- Growth contributes 2/25 to the score.
Main drags
- Fair-value margin of safety is negative at -53492.8%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Quality is weaker at 0/20; verify the latest quarterly trend.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
502.0
PB
11.3
EV/EBITDA
788.7
ROE
0.9%
ROCE
1.4%
FCF Yield
0.1%
Debt/Equity
0.1
MoS
-53492.8%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
18
Previous: 18
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-53492.8%
Previous: -55570.1%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
18
18
18
18
18
18
18
18
18
18
18
18
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹20.45
-1552.2% MoS
Growth-justified P/E
1.0
Growth-justified Value
₹0.63
-53492.8% MoS
PEG
—
Comparable companies
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
KREBSBIO
Small
Krebs Biochemicals and Industries Limited
Oil Refining & Marketing
match 165
7
—
—
—
OVERVALUED
BHARATCOAL
Small
Bharat Coking Coal Limited
Oil & Gas
match 99
20
—
1.9%
—
OVERVALUED
CESC
Small
CESC Limited
Power Generation
match 96
35
11.4
12.0%
-29%
WATCHLIST
GUJENERGY
Small
GUJARAT ENERGY LIMITED
City Gas Distribution
match 93
68
11.1
10.2%
+69%
UNDERVALUED
HINDOILEXP
Small
Hindustan Oil Exploration Company Limited
Oil & Gas
match 92
29
86.8
2.1%
-1391%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
KIOCL Limited operates in Oil Refining / Marketing, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
64Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 42nd percentile of the scored universe and 47th percentile within Power. Main check: financial discipline is weak at 30/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
42nd percentile
overall median 67 · Power: 47th pctile, median 65 · Small: 47th pctile, median 66
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
30
weak · capital discipline
Results
38
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 99%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.1%.
- ▸8 years of positive FCF.
Trust risks
- ▸ROCE is low at 1.4%.
- ▸ROE is low at 1%.
- ▸ROCE trend is -12.3%.
- ▸1 of the latest 4 quarters had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching KIOCL Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 5 Aug - Ministry of Steel appointed three non-official independent directors to KIOCL board for three years from July 14, 2026.
Source: Bse
AnnouncementApr 2026
Apr 2026 · Announcement under Regulation 30 (LODR)-Cessation 16 Apr - Shri Changdev S Kamble’s tenure as Independent Director ended on 15 April 2026.
Source: Bse
AnnouncementApr 2026
Apr 2026 · Closure of Trading Window 27 Mar
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual reportMar 2026
Mar 2026 · Annual Report 2026
Source: Bse
Annual reportMar 2025
Mar 2025 · Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.