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 ₹ 2,83,547 Cr.
- Current Price ₹ 225
- High / Low ₹ 308 / 218
- Stock P/E 6.77
- Book Value ₹ 264
- Dividend Yield 5.88 %
- ROCE 13.0 %
- ROE 10.2 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.85 times its book value
- Company has been maintaining a healthy dividend payout of 36.3%
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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 82,583 | 77,509 | 77,670 | 84,930 | 109,628 | 96,116 | 68,087 | 110,319 | 144,513 | 129,741 | 133,863 | 132,506 | 146,966 | |
| 50,124 | 45,269 | 46,719 | 47,942 | 58,916 | 55,512 | 41,660 | 55,889 | 73,015 | 62,926 | 68,626 | 70,784 | 74,074 | |
| 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 | 72,892 |
| OPM % | 39% | 42% | 40% | 44% | 46% | 42% | 39% | 49% | 49% | 52% | 49% | 47% | 50% |
| 5,367 | 3,783 | 7,676 | 7,884 | 7,265 | 1,206 | 8,518 | 6,516 | -1,609 | 10,778 | 10,479 | 10,356 | 11,006 | |
| Interest | 3 | 1,324 | 1,222 | 1,508 | 2,492 | 2,824 | 2,215 | 2,360 | 2,700 | 4,081 | 4,604 | 4,529 | 4,494 |
| 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 | 24,886 |
| 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 | 54,519 |
| 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 | 41,904 | |
| 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 | 33.31 |
| Dividend Payout % | 46% | 45% | 54% | 42% | 33% | 47% | 40% | 33% | 36% | 38% | 43% | 28% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 14% |
| 3 Years: | -3% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 26% |
| 3 Years: | -10% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 8% |
| 3 Years: | 6% |
| 1 Year: | -12% |
| 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 | 96,886 | |
| Total Liabilities | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 297,253 | 319,127 | 337,971 | 367,707 | 446,760 | 452,384 | 462,302 |
| 98,202 | 94,279 | 104,807 | 119,628 | 121,936 | 127,699 | 130,700 | 136,936 | 141,615 | 179,122 | 190,167 | 181,583 | |
| CWIP | 28,579 | 33,896 | 34,956 | 35,384 | 35,050 | 36,226 | 40,949 | 41,971 | 46,368 | 53,114 | 50,060 | 54,994 |
| 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 | 112,346 | |
| Total Assets | 208,580 | 222,428 | 247,608 | 291,608 | 300,175 | 297,253 | 319,127 | 337,971 | 367,707 | 446,760 | 452,384 | 462,302 |
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 101% | 145% | 125% | 121% | 106% | 159% | 115% | 109% | 129% | 116% | 132% | 133% |
Ratios
Standalone / 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 | -8 |
| 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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1P Proved Reserves (Group) MMTOE |
|
||||||||||
| Crude Oil Production (Standalone) MMT |
|||||||||||
| Natural Gas Production (Standalone) BCM |
|||||||||||
| ONGC Videsh Production (O+OEG) MMTOE |
|||||||||||
| Reserves Accretion (Domestic) MMTOE |
|||||||||||
| Value Added Products (VAP) Production KT |
|||||||||||
| Wells Drilled (Total) Number |
|||||||||||
| Reserve Replacement Ratio (RRR) Ratio |
|||||||||||
Extracted by Screener AI
Documents
Announcements
-
Change In Senior Management
- ONGC reports Executive Director change: Sanjay Kumar Singh superannuates 1 Nov 2026; Deepali Masirkar appointed on deputation from 28 Oct 2026.
-
Intimation Of Record Date
- ONGC fixed 12 November 2026 record date for 1st interim dividend FY27, if declared on 5 November 2026.
-
Announcement under Regulation 30 (LODR)-Credit Rating
- India Ratings affirmed ONGC’s bank loans ₹350,000 million, commercial papers ₹100,000 million, and NCDs ₹10,000 million.
-
Board Meeting Intimation for Consideration Of Un-Audited Financial Results And Recommendation Of 1St Interim Dividend, If Any.
- Board meets on 5 Nov 2026 to approve Q2 FY27 results and consider first interim dividend.
-
Letter From Administrative Ministry Regarding Appointment Of Chairman
- ACC approves Shri Sunil Kumar as ONGC Chairman from 07.12.2026, for three years.
Annual reports
-
Annual Report 2026
from bse
-
Annual Report 2025
from bse
-
Annual Report 2024
from bse
-
Annual Report 2023
from bse
-
Annual Report 2022
from bse
-
Annual Report 2021
from bse
-
Annual Report 2020
from bse
-
Annual Report 2019
from bse
-
Annual Report 2018
from bse
-
Annual Report 2017
from bse
-
Annual Report 2016
from bse
-
Annual Report 2015
from bse
-
Annual Report 2014
from bse
-
Annual Report 2013
from bse
-
Annual Report 2013
from nse
Concalls
-
Aug 2026Transcript REC
-
May 2026Transcript
-
Feb 2026Transcript
-
Nov 2025Transcript REC
-
Aug 2025Transcript REC
-
May 2025Transcript
-
Feb 2025Transcript PPT
-
Nov 2024Transcript REC
-
Aug 2024Transcript
-
Jun 2024PPT
-
Jun 2024PPT
-
May 2024Transcript
-
Feb 2024Transcript
-
Nov 2023Transcript
-
Apr 2023PPT
-
May 2022PPT
-
Aug 2018PPT
-
May 2017PPT
Business Overview:[1] [2]
The company is India’s largest crude oil and natural gas company, with in-house capabilities across the exploration and production of Oil and Gas and related oil-field services. Its crude oil serves as a key raw material for downstream companies like IOC, BPCL, HPCL and MRPL, which process it into products including petrol, diesel, kerosene, naphtha and LPG. It has produced 2,152 MMTOE of oil and gas to
date. In FY26, the company produced 73%
of India’s crude oil and 57% of its natural gas, accounting for 64.3% of the country’s total hydrocarbon output.