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 ₹ 1,99,964 Cr.
- Current Price ₹ 159
- High / Low ₹ 169 / 120
- Stock P/E 4.35
- Book Value ₹ 205
- Dividend Yield 6.77 %
- ROCE 23.6 %
- ROE 18.6 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 0.78 times its book value
- Stock is providing a good dividend yield of 6.77%.
- Company is expected to give good quarter
- Company has delivered good profit growth of 18.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 36.5%
- Debtor days have improved from 35.0 to 24.1 days.
Cons
* 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
Sector: Crude Oil & Natural Gas Industry: Oil Drilling / Allied Services
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
76,154 | 82,586 | 83,534 | 82,583 | 77,509 | 77,670 | 84,930 | 109,628 | 96,166 | 68,087 | 110,319 | 155,517 | |
42,724 | 49,024 | 47,458 | 50,124 | 45,269 | 46,719 | 47,942 | 58,916 | 55,563 | 41,660 | 55,889 | 84,019 | |
Operating Profit | 33,430 | 33,562 | 36,076 | 32,459 | 32,240 | 30,950 | 36,988 | 50,712 | 40,603 | 26,427 | 54,430 | 71,499 |
OPM % | 44% | 41% | 43% | 39% | 42% | 40% | 44% | 46% | 42% | 39% | 49% | 46% |
10,744 | 5,384 | 6,963 | 5,367 | 3,783 | 7,676 | 7,884 | 7,265 | 1,711 | 8,518 | 6,516 | -1,609 | |
Interest | 35 | 28 | 0 | 3 | 1,324 | 1,222 | 1,508 | 2,492 | 3,310 | 2,215 | 2,360 | 2,700 |
Depreciation | 7,496 | 8,374 | 10,607 | 11,268 | 11,100 | 12,190 | 14,470 | 15,456 | 18,617 | 16,327 | 17,546 | 16,795 |
Profit before tax | 36,643 | 30,544 | 32,432 | 26,555 | 23,599 | 25,216 | 28,892 | 40,029 | 20,388 | 16,403 | 41,040 | 50,395 |
Tax % | 31% | 31% | 32% | 33% | 32% | 29% | 31% | 33% | 34% | 31% | 2% | 23% |
Net Profit | 25,123 | 20,926 | 22,095 | 17,733 | 16,140 | 17,900 | 19,945 | 26,765 | 13,464 | 11,246 | 40,306 | 38,829 |
EPS in Rs | 19.58 | 16.31 | 17.22 | 13.82 | 12.58 | 13.95 | 15.54 | 21.28 | 10.70 | 8.94 | 32.04 | 30.86 |
Dividend Payout % | 33% | 39% | 37% | 46% | 45% | 54% | 42% | 33% | 47% | 40% | 33% | 36% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | 13% |
3 Years: | 17% |
TTM: | 41% |
Compounded Profit Growth | |
---|---|
10 Years: | 8% |
5 Years: | 18% |
3 Years: | 40% |
TTM: | 14% |
Stock Price CAGR | |
---|---|
10 Years: | -3% |
5 Years: | -2% |
3 Years: | 24% |
1 Year: | 10% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 19% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
4,278 | 4,278 | 4,278 | 4,278 | 4,278 | 6,417 | 6,417 | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 | |
Reserves | 108,679 | 120,175 | 132,447 | 140,323 | 161,497 | 179,122 | 186,968 | 195,499 | 186,805 | 198,268 | 230,858 | 251,556 |
4,500 | -0 | -0 | 1,393 | -0 | -0 | 25,592 | 21,635 | 23,776 | 25,444 | 16,413 | 16,102 | |
54,639 | 54,128 | 63,105 | 62,586 | 56,654 | 62,070 | 72,631 | 76,750 | 87,038 | 89,125 | 84,410 | 93,089 | |
Total Liabilities | 172,096 | 178,581 | 199,830 | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 303,908 | 319,127 | 337,971 | 367,037 |
21,680 | 27,483 | 30,279 | 31,491 | 8,600 | 9,276 | 9,364 | 9,818 | 19,222 | 20,021 | 20,058 | 155,091 | |
CWIP | 26,879 | 24,891 | 25,558 | 28,579 | 33,896 | 34,956 | 35,384 | 35,050 | 36,226 | 40,949 | 41,971 | 32,892 |
Investments | 5,216 | 9,173 | 17,204 | 18,124 | 39,831 | 54,150 | 85,731 | 84,882 | 79,086 | 81,376 | 85,173 | 84,986 |
118,320 | 117,033 | 126,788 | 130,386 | 140,101 | 149,227 | 161,130 | 170,425 | 169,375 | 176,781 | 190,769 | 94,068 | |
Total Assets | 172,096 | 178,581 | 199,830 | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 303,908 | 319,127 | 337,971 | 367,037 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
35,051 | 32,201 | 37,888 | 24,964 | 39,894 | 32,788 | 37,537 | 42,304 | 57,807 | 27,665 | 49,301 | ||
-25,449 | -23,659 | -30,550 | -17,991 | -32,683 | -21,304 | -53,730 | -22,088 | -34,980 | -20,657 | -23,502 | ||
-3,959 | -15,448 | -9,757 | -8,098 | -7,316 | -11,455 | 16,180 | -20,230 | -22,747 | -6,984 | -25,869 | ||
Net Cash Flow | 5,643 | -6,906 | -2,420 | -1,125 | -105 | 29 | -13 | -13 | 80 | 24 | -70 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 30 | 30 | 36 | 60 | 26 | 30 | 33 | 28 | 18 | 42 | 39 | 24 |
Inventory Days | 400 | 465 | 411 | |||||||||
Days Payable | 316 | 482 | 444 | |||||||||
Cash Conversion Cycle | 30 | 30 | 36 | 60 | 26 | 114 | 16 | -5 | 18 | 42 | 39 | 24 |
Working Capital Days | -25 | 1 | 2 | 40 | 2 | -10 | -12 | 11 | -19 | 44 | 14 | -5 |
ROCE % | 31% | 25% | 25% | 19% | 18% | 15% | 15% | 19% | 13% | 8% | 18% | 24% |
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2h - Annual Secretarial Compliance Report for the year ended 31st March 2023 as issued by M/s JMC & Associates, Practicing Company Secretaries, New Delhi, is submitted …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19h - Investors' and Analyst' Meet 2023- Audio Recording and Presentation
- Related Party Transactions For The Half Year Ended 31St March 2023 26 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
26 May - ONGC declares results for FY 2023; posts net profit of Rs 38,829 crore for FY 2023, highest ever total dividend of 225 percent for FY …
- Audited Financial Results (Standalone And Consolidated) For The Quarter And Year Ended 31St March, 2023 26 May
Annual reports
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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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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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History[1] ONGC was established in 1956 by the Government of India for oil exploration. With 60+ years of oil exploration, ONGC has discovered 8 out of 9 producing basins of India: 1958 at Gujarat, 1963 at Assam, 1967 at Rajasthan, 1974 at Mumbai, 1980 at Krishna Godavari, 1985 at Cauvery, 2019 at Bengal & 2022 at Vindhyan.