Oil & Natural Gas Corpn Ltd
ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production
- Market Cap ₹ 3,38,472 Cr.
- Current Price ₹ 269
- High / Low ₹ 278 / 205
- Stock P/E 10.4
- Book Value ₹ 267
- Dividend Yield 4.55 %
- ROCE 14.8 %
- ROE 11.4 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 1.01 times its book value
- Stock is providing a good dividend yield of 4.55%.
- Company has been maintaining a healthy dividend payout of 39.2%
Cons
- The company has delivered a poor sales growth of 6.85% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Energy Oil, Gas & Consumable Fuels Oil Oil Exploration & Production
Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 83,534 | 82,583 | 77,509 | 77,670 | 84,930 | 109,628 | 96,116 | 68,087 | 110,319 | 144,513 | 129,741 | 133,863 | 133,732 | |
| 47,458 | 50,124 | 45,269 | 46,719 | 47,942 | 58,916 | 55,512 | 41,660 | 55,889 | 73,015 | 62,926 | 68,626 | 68,855 | |
| Operating Profit | 36,076 | 32,459 | 32,240 | 30,950 | 36,988 | 50,712 | 40,603 | 26,427 | 54,430 | 71,499 | 66,815 | 65,237 | 64,878 |
| OPM % | 43% | 39% | 42% | 40% | 44% | 46% | 42% | 39% | 49% | 49% | 52% | 49% | 49% |
| 6,963 | 5,367 | 3,783 | 7,676 | 7,884 | 7,265 | 1,206 | 8,518 | 6,516 | -1,609 | 10,778 | 10,479 | 8,431 | |
| Interest | 0 | 3 | 1,324 | 1,222 | 1,508 | 2,492 | 2,824 | 2,215 | 2,360 | 2,700 | 4,081 | 4,604 | 4,496 |
| Depreciation | 10,607 | 11,268 | 11,100 | 12,190 | 14,470 | 15,456 | 18,617 | 16,327 | 17,546 | 16,795 | 20,496 | 24,352 | 25,757 |
| Profit before tax | 32,432 | 26,555 | 23,599 | 25,216 | 28,892 | 40,029 | 20,369 | 16,403 | 41,040 | 50,395 | 53,016 | 46,760 | 43,057 |
| Tax % | 32% | 33% | 32% | 29% | 31% | 33% | 34% | 31% | 2% | 23% | 24% | 24% | |
| 22,095 | 17,733 | 16,140 | 17,900 | 19,945 | 26,765 | 13,445 | 11,246 | 40,306 | 38,829 | 40,526 | 35,610 | 32,560 | |
| EPS in Rs | 17.22 | 13.82 | 12.58 | 13.95 | 15.54 | 21.28 | 10.69 | 8.94 | 32.04 | 30.86 | 32.21 | 28.31 | 25.89 |
| Dividend Payout % | 37% | 46% | 45% | 54% | 42% | 33% | 47% | 40% | 33% | 36% | 38% | 43% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 7% |
| 3 Years: | 7% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 17% |
| 3 Years: | -4% |
| TTM: | -20% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 22% |
| 3 Years: | 23% |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 11% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4,278 | 4,278 | 4,278 | 6,417 | 6,417 | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 |
| Reserves | 132,447 | 140,323 | 161,497 | 179,122 | 186,968 | 195,499 | 188,048 | 198,268 | 230,858 | 251,556 | 299,686 | 309,993 | 329,829 |
| 0 | 1,393 | 0 | 0 | 25,592 | 21,635 | 23,776 | 25,444 | 16,413 | 16,102 | 35,139 | 37,847 | 33,131 | |
| 63,105 | 62,586 | 56,654 | 62,070 | 72,631 | 76,750 | 79,139 | 89,125 | 84,410 | 93,759 | 105,644 | 98,254 | 97,136 | |
| Total Liabilities | 199,830 | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 297,253 | 319,127 | 337,971 | 367,707 | 446,760 | 452,384 | 466,387 |
| 96,063 | 98,202 | 94,279 | 104,807 | 119,628 | 121,936 | 127,699 | 130,700 | 136,936 | 141,615 | 179,122 | 188,583 | 209,108 | |
| CWIP | 25,558 | 28,579 | 33,896 | 34,956 | 35,384 | 35,050 | 36,226 | 40,949 | 41,971 | 46,368 | 53,114 | 51,643 | 32,625 |
| Investments | 17,204 | 18,124 | 39,831 | 54,150 | 85,731 | 84,882 | 72,430 | 81,376 | 85,173 | 84,986 | 105,569 | 112,678 | 116,920 |
| 61,005 | 63,675 | 54,422 | 53,695 | 50,865 | 58,307 | 60,898 | 66,102 | 73,891 | 94,738 | 108,955 | 99,480 | 107,734 | |
| Total Assets | 199,830 | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 297,253 | 319,127 | 337,971 | 367,707 | 446,760 | 452,384 | 466,387 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 37,888 | 24,964 | 39,894 | 32,788 | 37,537 | 42,304 | 57,785 | 27,665 | 49,301 | 79,121 | 65,336 | 73,010 | |
| -30,550 | -17,991 | -32,683 | -21,304 | -53,730 | -22,088 | -34,958 | -20,657 | -23,502 | -55,648 | -42,694 | -46,789 | |
| -9,757 | -8,098 | -7,316 | -11,455 | 16,180 | -20,230 | -22,747 | -6,984 | -25,869 | -23,445 | -22,685 | -26,246 | |
| Net Cash Flow | -2,420 | -1,125 | -105 | 29 | -13 | -13 | 80 | 24 | -70 | 27 | -43 | -24 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 36 | 60 | 26 | 30 | 33 | 28 | 18 | 42 | 39 | 26 | 32 | 28 |
| Inventory Days | 400 | 465 | 411 | 422 | ||||||||
| Days Payable | 316 | 482 | 444 | 329 | ||||||||
| Cash Conversion Cycle | 36 | 60 | 26 | 114 | 16 | -5 | 112 | 42 | 39 | 26 | 32 | 28 |
| Working Capital Days | 2 | 34 | 2 | -10 | -122 | -61 | -53 | -25 | -1 | -23 | -15 | 1 |
| ROCE % | 25% | 19% | 18% | 15% | 15% | 19% | 13% | 8% | 18% | 24% | 19% | 15% |
Documents
Announcements
- Intimation Of Record Date 1d
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Change In Senior Management
1 Feb - Executive Director Ajay Dixit superannuates effective 01.02.2026.
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Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results For The Quarter And Nine Months Ended 31St December, 2025 And Recommendation Of 2Nd Interim Dividend, If Any.
30 Jan - Board meeting on 12 Feb 2026 to approve Q3/9M results (ended 31 Dec 2025) and consider 2nd interim dividend.
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Rumour verification - Regulation 30(11)
29 Jan - 29 Jan 2026: ONGC denies negotiations with ExxonMobil regarding joint bids for oil and gas blocks.
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Clarification sought from Oil and Natural Gas Corporation Ltd
29 Jan - Exchange has sought clarification from Oil and Natural Gas Corporation Ltd on January 29, 2026, with reference to news appeared in https://www.livemint.com dated January 29, …
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Nov 2025TranscriptPPTREC
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Aug 2025TranscriptPPTREC
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May 2025TranscriptPPT
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Feb 2025Transcript PPT
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Nov 2024TranscriptPPTREC
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Aug 2024TranscriptPPT
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Jun 2024TranscriptAI SummaryPPT
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Jun 2024TranscriptAI SummaryPPT
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May 2024TranscriptPPT
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Apr 2023TranscriptAI SummaryPPT
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May 2022TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
Business Overview
The company specialises in the exploration and production of crude oil and natural gas. It has joint ventures for oil fields in Vietnam, Norway, Egypt, Tunisia, Iran, and Australia. ONGC contributes to 70% of India's crude oil and around 84% of its natural gas production. [1]