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 ₹ 3,01,373 Cr.
- Current Price ₹ 240
- High / Low ₹ 308 / 228
- Stock P/E 9.15
- Book Value ₹ 264
- Dividend Yield 5.07 %
- ROCE 13.0 %
- ROE 10.2 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.91 times its book value
- Stock is providing a good dividend yield of 5.08%.
- Company has been maintaining a healthy dividend payout of 44.0%
Cons
- Company has a low return on equity of 11.9% over last 3 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 82,583 | 77,509 | 77,670 | 84,930 | 109,628 | 96,116 | 68,087 | 110,319 | 144,513 | 129,741 | 133,863 | 132,508 | |
| 50,124 | 45,269 | 46,719 | 47,942 | 58,916 | 55,512 | 41,660 | 55,889 | 73,015 | 62,926 | 68,626 | 70,786 | |
| Operating Profit | 32,459 | 32,240 | 30,950 | 36,988 | 50,712 | 40,603 | 26,427 | 54,430 | 71,499 | 66,815 | 65,237 | 61,722 |
| OPM % | 39% | 42% | 40% | 44% | 46% | 42% | 39% | 49% | 49% | 52% | 49% | 47% |
| 5,367 | 3,783 | 7,676 | 7,884 | 7,265 | 1,206 | 8,518 | 6,516 | -1,609 | 10,778 | 10,479 | 10,356 | |
| Interest | 3 | 1,324 | 1,222 | 1,508 | 2,492 | 2,824 | 2,215 | 2,360 | 2,700 | 4,081 | 4,604 | 4,529 |
| Depreciation | 11,268 | 11,100 | 12,190 | 14,470 | 15,456 | 18,617 | 16,327 | 17,546 | 16,795 | 20,496 | 24,352 | 25,134 |
| Profit before tax | 26,555 | 23,599 | 25,216 | 28,892 | 40,029 | 20,369 | 16,403 | 41,040 | 50,395 | 53,016 | 46,760 | 42,415 |
| Tax % | 33% | 32% | 29% | 31% | 33% | 34% | 31% | 2% | 23% | 24% | 24% | 22% |
| 17,733 | 16,140 | 17,900 | 19,945 | 26,765 | 13,445 | 11,246 | 40,306 | 38,829 | 40,526 | 35,610 | 32,894 | |
| EPS in Rs | 13.82 | 12.58 | 13.95 | 15.54 | 21.28 | 10.69 | 8.94 | 32.04 | 30.86 | 32.21 | 28.31 | 26.15 |
| Dividend Payout % | 46% | 45% | 54% | 42% | 33% | 47% | 40% | 33% | 36% | 38% | 43% | 51% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 14% |
| 3 Years: | -3% |
| TTM: | -1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 26% |
| 3 Years: | -10% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 16% |
| 3 Years: | 12% |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 14% |
| 3 Years: | 12% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 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 | 140,323 | 161,497 | 179,122 | 186,968 | 195,499 | 188,048 | 198,268 | 230,858 | 251,556 | 299,686 | 309,993 | 325,480 |
| 1,393 | 0 | 0 | 25,592 | 21,635 | 23,776 | 25,444 | 16,413 | 16,102 | 35,139 | 37,847 | 33,645 | |
| 62,586 | 56,654 | 62,070 | 72,631 | 76,750 | 79,139 | 89,125 | 84,410 | 93,759 | 105,644 | 98,254 | 95,861 | |
| Total Liabilities | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 297,253 | 319,127 | 337,971 | 367,707 | 446,760 | 452,384 | 461,276 |
| 98,202 | 94,279 | 104,807 | 119,628 | 121,936 | 127,699 | 130,700 | 136,936 | 141,615 | 179,122 | 188,583 | 200,446 | |
| CWIP | 28,579 | 33,896 | 34,956 | 35,384 | 35,050 | 36,226 | 40,949 | 41,971 | 46,368 | 53,114 | 51,643 | 34,947 |
| Investments | 18,124 | 39,831 | 54,150 | 85,731 | 84,882 | 72,430 | 81,376 | 85,173 | 84,986 | 105,569 | 112,678 | 113,379 |
| 63,675 | 54,422 | 53,695 | 50,865 | 58,307 | 60,898 | 66,102 | 73,891 | 94,738 | 108,955 | 99,480 | 112,504 | |
| Total Assets | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 297,253 | 319,127 | 337,971 | 367,707 | 446,760 | 452,384 | 461,276 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 24,964 | 39,894 | 32,788 | 37,537 | 42,304 | 57,785 | 27,665 | 49,301 | 79,121 | 65,336 | 73,010 | 69,272 | |
| -17,991 | -32,683 | -21,304 | -53,730 | -22,088 | -34,958 | -20,657 | -23,502 | -55,648 | -42,694 | -46,789 | -38,760 | |
| -8,098 | -7,316 | -11,455 | 16,180 | -20,230 | -22,747 | -6,984 | -25,869 | -23,445 | -22,685 | -26,246 | -30,438 | |
| Net Cash Flow | -1,125 | -105 | 29 | -13 | -13 | 80 | 24 | -70 | 27 | -43 | -24 | 73 |
| Free Cash Flow | 16,731 | 29,753 | 23,274 | 19,300 | 31,059 | 34,844 | 12,569 | 31,640 | 54,005 | 41,220 | 45,933 | 42,427 |
| CFO/OP | 101% | 145% | 125% | 121% | 106% | 159% | 115% | 109% | 129% | 116% | 132% | 133% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 60 | 26 | 30 | 33 | 28 | 18 | 42 | 39 | 26 | 32 | 28 | 36 |
| Inventory Days | 400 | 465 | 411 | 422 | ||||||||
| Days Payable | 316 | 482 | 444 | 329 | ||||||||
| Cash Conversion Cycle | 60 | 26 | 114 | 16 | -5 | 112 | 42 | 39 | 26 | 32 | 28 | 36 |
| Working Capital Days | 34 | 2 | -10 | -122 | -61 | -53 | -25 | -1 | -23 | -15 | 1 | -11 |
| ROCE % | 19% | 18% | 15% | 15% | 19% | 13% | 8% | 18% | 24% | 19% | 15% | 13% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1P Proved Reserves (Group) MMTOE |
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| Crude Oil Production (Standalone) MMT |
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| Natural Gas Production (Standalone) BCM |
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| ONGC Videsh Production (O+OEG) MMTOE |
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| Reserves Accretion (Domestic) MMTOE |
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| Value Added Products (VAP) Production KT |
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| Wells Drilled (Total) Number |
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| Reserve Replacement Ratio (RRR) Ratio |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Outcome for Outcome Of Board Meeting
19h - Board approved USD 500 million parent company guarantee for MRPL to import crude from Saudi Aramco.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Jul - ONGC spudded exploratory deepwater well MN-DW18-1-H-D in Mahanadi Basin on 25 July 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
17 Jul - ONGC completed geothermal wells GT#02 and GT#03 at Puga on 17 July 2026.
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Announcement under Regulation 30 (LODR)-Credit Rating
16 Jul - Fitch affirmed ONGC at BBB-/Stable and raised SCP to bbb+ on 16 July 2026.
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Board Meeting Outcome for Outcome Of Board Meeting
9 Jul - Board approved 1.75 MMT strategic petroleum reserves development at Mangalore Phase-I Extension on 09.07.2026.
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
from nse
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Financial Year 2012
from nse
Concalls
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May 2026TranscriptPPT
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Feb 2026TranscriptPPT
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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]