Oil & Natural Gas Corpn Ltd

₹ 133 -0.90%
06 Oct 3:45 p.m.
About

ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production

Key Points

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.

  • Market Cap 166,940 Cr.
  • Current Price 133
  • High / Low 195 / 120
  • Stock P/E 3.30
  • Book Value 189
  • Dividend Yield 7.87 %
  • ROCE 18.0 %
  • ROE 18.2 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.72 times its book value
  • Stock is providing a good dividend yield of 7.82%.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 39.9%

Cons

  • The company has delivered a poor sales growth of 7.27% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 10.9% over last 3 years.
  • Promoter holding has decreased over last 3 years: -5.36%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
26,555 24,493 23,710 21,456 13,011 16,917 17,024 21,189 23,022 24,354 28,473 34,497 42,321
13,773 12,800 13,131 15,907 8,230 9,928 10,516 13,040 12,020 11,826 13,622 18,448 17,590
Operating Profit 12,782 11,692 10,579 5,549 4,781 6,989 6,508 8,149 11,002 12,528 14,851 16,049 24,731
OPM % 48% 48% 45% 26% 37% 41% 38% 38% 48% 51% 52% 47% 58%
748 2,660 1,402 -3,573 437 998 1,219 5,746 534 3,147 1,492 1,344 758
Interest 646 682 626 986 492 438 598 569 620 579 582 580 636
Depreciation 3,826 4,578 5,302 4,999 3,822 3,679 4,427 4,399 4,166 3,943 4,338 5,099 4,510
Profit before tax 9,057 9,093 6,054 -4,008 904 3,870 2,701 8,928 6,750 11,152 11,423 11,714 20,343
Tax % 35% 30% 30% 20% 45% 29% 53% 25% 36% -65% 23% 24% 25%
Net Profit 5,904 6,336 4,226 -3,214 496 2,758 1,258 6,734 4,335 18,348 8,764 8,860 15,206
EPS in Rs 4.69 5.04 3.36 -2.56 0.39 2.19 1.00 5.35 3.45 14.58 6.97 7.04 12.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
62,126 76,154 82,586 83,534 82,583 77,509 77,670 84,930 109,628 96,166 68,087 110,319 129,644
35,651 42,724 49,024 47,458 50,124 45,269 46,719 47,942 58,916 55,563 41,660 55,889 61,485
Operating Profit 26,474 33,430 33,562 36,076 32,459 32,240 30,950 36,988 50,712 40,603 26,427 54,430 68,159
OPM % 43% 44% 41% 43% 39% 42% 40% 44% 46% 42% 39% 49% 53%
3,407 10,744 5,384 6,963 5,367 3,783 7,676 7,884 7,265 1,711 8,518 6,516 6,740
Interest 25 35 28 0 3 1,324 1,222 1,508 2,492 3,310 2,215 2,360 2,376
Depreciation 2,240 7,496 8,374 10,607 11,268 11,100 12,190 14,470 15,456 18,617 16,327 17,546 17,890
Profit before tax 27,616 36,643 30,544 32,432 26,555 23,599 25,216 28,892 40,029 20,388 16,403 41,040 54,633
Tax % 31% 31% 31% 32% 33% 32% 29% 31% 33% 34% 31% 2%
Net Profit 18,924 25,123 20,926 22,095 17,733 16,140 17,900 19,945 26,765 13,464 11,246 40,306 51,177
EPS in Rs 14.75 19.58 16.31 17.22 13.82 12.58 13.95 15.54 21.28 10.70 8.94 32.04 40.68
Dividend Payout % 40% 33% 39% 37% 46% 45% 54% 42% 33% 47% 40% 33%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 0%
TTM: 66%
Compounded Profit Growth
10 Years: 6%
5 Years: 18%
3 Years: 15%
TTM: 269%
Stock Price CAGR
10 Years: -3%
5 Years: -5%
3 Years: 2%
1 Year: -20%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 11%
Last Year: 18%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
4,278 4,278 4,278 4,278 4,278 4,278 6,417 6,417 6,290 6,290 6,290 6,290
Reserves 93,227 108,679 120,175 132,447 140,323 161,497 179,122 186,968 195,499 186,805 198,268 230,858
-0 4,500 -0 -0 1,393 -0 -0 25,592 21,635 23,776 25,444 16,413
50,872 54,639 54,128 63,105 62,586 56,654 62,070 72,631 76,750 87,038 89,125 84,410
Total Liabilities 148,376 172,096 178,581 199,830 208,580 222,428 247,608 291,608 300,175 303,908 319,127 337,971
18,640 21,680 27,483 30,279 31,491 8,600 9,276 9,364 9,818 19,222 20,021 20,058
CWIP 21,724 26,879 24,891 25,558 28,579 33,896 34,956 35,384 35,050 36,226 40,949 41,971
Investments 5,183 5,216 9,173 17,204 18,124 39,831 54,150 85,731 84,882 79,086 81,376 85,173
102,830 118,320 117,033 126,788 130,386 140,101 149,227 161,130 170,425 169,375 176,781 190,769
Total Assets 148,376 172,096 178,581 199,830 208,580 222,428 247,608 291,608 300,175 303,908 319,127 337,971

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
39,338 35,051 32,201 37,888 24,964 39,894 32,788 37,537 42,304 57,807 27,665 49,301
-24,644 -25,449 -23,659 -30,550 -17,991 -32,683 -21,304 -53,730 -22,088 -34,980 -20,657 -23,502
-11,723 -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 2,971 5,643 -6,906 -2,420 -1,125 -105 29 -13 -13 80 24 -70

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 23 30 30 36 60 26 30 33 28 18 42 39
Inventory Days 400 465 411
Days Payable 316 482 444
Cash Conversion Cycle 23 30 30 36 60 26 114 16 -5 18 42 39
Working Capital Days -43 -25 1 2 40 2 -10 -12 11 -19 44 14
ROCE % 27% 31% 25% 25% 19% 18% 15% 15% 19% 13% 8% 18%

Shareholding Pattern

Numbers in percentages

10 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
62.98 62.78 60.41 60.41 60.41 60.41 60.41 60.41 60.41 60.41 58.91 58.89
8.24 8.65 7.62 8.10 7.69 7.67 8.08 8.06 8.08 8.87 9.91 9.97
16.00 15.74 17.87 17.37 17.54 17.71 17.48 17.60 17.87 17.19 16.36 17.83
12.79 12.83 14.10 14.13 14.36 14.21 14.03 13.93 13.64 13.53 14.82 13.31

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