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 ₹ 3,08,343 Cr.
- Current Price ₹ 245
- High / Low ₹ 345 / 205
- Stock P/E 7.94
- Book Value ₹ 260
- Dividend Yield 5.05 %
- ROCE 18.5 %
- ROE 14.3 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.93 times its book value
- Stock is providing a good dividend yield of 5.00%.
- Company has been maintaining a healthy dividend payout of 35.4%
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
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 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
82,586 | 83,534 | 82,583 | 77,509 | 77,670 | 84,930 | 109,628 | 96,166 | 68,087 | 110,319 | 144,513 | 129,741 | 137,501 | |
49,024 | 47,458 | 50,124 | 45,269 | 46,719 | 47,942 | 58,916 | 55,563 | 41,660 | 55,889 | 71,297 | 62,926 | 70,567 | |
Operating Profit | 33,562 | 36,076 | 32,459 | 32,240 | 30,950 | 36,988 | 50,712 | 40,603 | 26,427 | 54,430 | 73,217 | 66,815 | 66,933 |
OPM % | 41% | 43% | 39% | 42% | 40% | 44% | 46% | 42% | 39% | 49% | 51% | 52% | 49% |
5,384 | 6,963 | 5,367 | 3,783 | 7,676 | 7,884 | 7,265 | 1,711 | 8,518 | 6,516 | -1,609 | 10,778 | 12,318 | |
Interest | 28 | 0 | 3 | 1,324 | 1,222 | 1,508 | 2,492 | 3,310 | 2,215 | 2,360 | 2,700 | 4,081 | 4,449 |
Depreciation | 8,374 | 10,607 | 11,268 | 11,100 | 12,190 | 14,470 | 15,456 | 18,617 | 16,327 | 17,546 | 16,820 | 20,496 | 23,949 |
Profit before tax | 30,544 | 32,432 | 26,555 | 23,599 | 25,216 | 28,892 | 40,029 | 20,388 | 16,403 | 41,040 | 52,089 | 53,016 | 50,853 |
Tax % | 31% | 32% | 33% | 32% | 29% | 31% | 33% | 34% | 31% | 2% | 23% | 24% | |
20,926 | 22,095 | 17,733 | 16,140 | 17,900 | 19,945 | 26,765 | 13,464 | 11,246 | 40,306 | 40,096 | 40,526 | 39,031 | |
EPS in Rs | 16.31 | 17.22 | 13.82 | 12.58 | 13.95 | 15.54 | 21.28 | 10.70 | 8.94 | 32.04 | 31.87 | 32.21 | 31.03 |
Dividend Payout % | 39% | 37% | 46% | 45% | 54% | 42% | 33% | 47% | 40% | 33% | 35% | 38% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 3% |
3 Years: | 24% |
TTM: | -2% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 9% |
3 Years: | 58% |
TTM: | -2% |
Stock Price CAGR | |
---|---|
10 Years: | 1% |
5 Years: | 26% |
3 Years: | 16% |
1 Year: | -12% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 13% |
3 Years: | 17% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 4,278 | 4,278 | 4,278 | 4,278 | 6,417 | 6,417 | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 |
Reserves | 120,175 | 132,447 | 140,323 | 161,497 | 179,122 | 186,968 | 195,499 | 186,805 | 198,268 | 230,858 | 253,682 | 299,686 | 320,598 |
0 | 0 | 1,393 | 0 | 0 | 25,592 | 21,635 | 23,776 | 25,444 | 16,413 | 16,102 | 35,139 | 35,011 | |
54,128 | 63,105 | 62,586 | 56,654 | 62,070 | 72,631 | 76,750 | 87,038 | 89,125 | 84,410 | 94,474 | 105,644 | 97,863 | |
Total Liabilities | 178,581 | 199,830 | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 303,908 | 319,127 | 337,971 | 370,548 | 446,760 | 459,762 |
79,924 | 96,063 | 98,202 | 94,279 | 104,807 | 119,628 | 121,936 | 127,699 | 130,700 | 136,936 | 141,896 | 179,122 | 206,082 | |
CWIP | 24,891 | 25,558 | 28,579 | 33,896 | 34,956 | 35,384 | 35,050 | 36,226 | 40,949 | 41,971 | 48,928 | 53,114 | 30,545 |
Investments | 9,173 | 17,204 | 18,124 | 39,831 | 54,150 | 85,731 | 84,882 | 79,086 | 81,376 | 85,173 | 84,986 | 105,569 | 111,019 |
64,593 | 61,005 | 63,675 | 54,422 | 53,695 | 50,865 | 58,307 | 60,898 | 66,102 | 73,891 | 94,739 | 108,955 | 112,116 | |
Total Assets | 178,581 | 199,830 | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 303,908 | 319,127 | 337,971 | 370,548 | 446,760 | 459,762 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
32,201 | 37,888 | 24,964 | 39,894 | 32,788 | 37,537 | 42,304 | 57,807 | 27,665 | 49,301 | 80,838 | 65,336 | |
-23,659 | -30,550 | -17,991 | -32,683 | -21,304 | -53,730 | -22,088 | -34,980 | -20,657 | -23,502 | -57,365 | -42,694 | |
-15,448 | -9,757 | -8,098 | -7,316 | -11,455 | 16,180 | -20,230 | -22,747 | -6,984 | -25,869 | -23,445 | -22,685 | |
Net Cash Flow | -6,906 | -2,420 | -1,125 | -105 | 29 | -13 | -13 | 80 | 24 | -70 | 27 | -43 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 30 | 36 | 60 | 26 | 30 | 33 | 28 | 18 | 42 | 39 | 26 | 32 |
Inventory Days | 400 | 465 | 411 | |||||||||
Days Payable | 316 | 482 | 444 | |||||||||
Cash Conversion Cycle | 30 | 36 | 60 | 26 | 114 | 16 | -5 | 18 | 42 | 39 | 26 | 32 |
Working Capital Days | 1 | 2 | 40 | 2 | -10 | -12 | 11 | -19 | 44 | 14 | -4 | 12 |
ROCE % | 25% | 25% | 19% | 18% | 15% | 15% | 19% | 13% | 8% | 18% | 24% | 18% |
Documents
Announcements
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Rumour verification - Regulation 30(11)
8 May - ONGC denies cancelling Mumbai High tender; confirms ongoing bp partnership as Technical Services Provider.
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Board Meeting Intimation for Consideration And Approval Of Audited Financial Results Of The Company For The Quarter And Financial Year Ended 31St March, 2025 And Recommendation Of Final Dividend, If Any, For The Financial Year Ended On 31St March, 2025.
8 May - Board meeting on 21 May 2025 to approve FY25 results and consider final dividend.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
5 May - India's first offshore decommissioning project completed by Shell, Reliance, ONGC, setting industry benchmark.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
3 May - ONGC shareholders approve advances, loans, and guarantees for Mozambique energy projects via postal ballot.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
3 May - Shareholders approved advances, loans, and guarantees for ONGC's Mozambique energy projects.
Annual reports
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Financial Year 2024
from bse
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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
from bse
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Financial Year 2013
from nse
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Financial Year 2012
from nse
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Financial Year 2012
from bse
Concalls
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Feb 2025Transcript PPT
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Nov 2024TranscriptPPTREC
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Aug 2024TranscriptPPT
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Jun 2024TranscriptNotesPPT
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Jun 2024TranscriptNotesPPT
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May 2024TranscriptPPT
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Feb 2024TranscriptPPT
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Nov 2023TranscriptPPT
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Apr 2023TranscriptNotesPPT
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May 2022TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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]