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 ₹ 3,44,763 Cr.
- Current Price ₹ 274
- High / Low ₹ 308 / 229
- Stock P/E 10.5
- Book Value ₹ 264
- Dividend Yield 4.47 %
- ROCE 13.0 %
- ROE 10.2 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 1.04 times its book value
- Stock is providing a good dividend yield of 4.47%.
- 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: | 7% |
| 5 Years: | 20% |
| 3 Years: | 20% |
| 1 Year: | 13% |
| 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 | ||
| -17,991 | -32,683 | -21,304 | -53,730 | -22,088 | -34,958 | -20,657 | -23,502 | -55,648 | -42,694 | -46,789 | ||
| -8,098 | -7,316 | -11,455 | 16,180 | -20,230 | -22,747 | -6,984 | -25,869 | -23,445 | -22,685 | -26,246 | ||
| Net Cash Flow | -1,125 | -105 | 29 | -13 | -13 | 80 | 24 | -70 | 27 | -43 | -24 | |
| 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 | |
| CFO/OP | 101% | 145% | 125% | 121% | 106% | 159% | 115% | 109% | 129% | 116% | 132% |
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 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Crude Oil Production (Standalone) MMT |
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| Natural Gas Production (Standalone) BCM |
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| Value Added Products (VAP) Production MMT |
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| Reserve Replacement Ratio (2P RRR) Ratio |
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| Total Wells Drilled Number |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Directorate
23h - Shri Satyan Kumar appointed Director (Strategy & Corporate Affairs) at ONGC effective 27 May 2026 till superannuation.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
1d - ONGC uploaded audio recording of 27 May 2026 analyst and investor conference call.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - ONGC Q4 FY26 net profit up 53%, FY26 dividend ₹16,669 crore; DUDP gas monetization begins.
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Board Meeting Outcome for Outcome Of Board Meeting
1d - Board approved FY26 audited results, ₹1 dividend, and 50:50 JV for 5 MMTPA Dahej liquid port.
- Financial Results For The Financial Year Ended 31.03.2026 1d
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
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Financial Year 2012
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Concalls
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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]