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 ₹ 2,96,718 Cr.
- Current Price ₹ 236
- High / Low ₹ 308 / 228
- Stock P/E 6.79
- Book Value ₹ 296
- Dividend Yield 5.62 %
- ROCE 14.2 %
- ROE 11.6 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.80 times its book value
- Company has been maintaining a healthy dividend payout of 32.0%
Cons
- Company has a low return on equity of 12.7% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 160,923 | 124,036 | 282,506 | 322,706 | 421,624 | 396,728 | 303,849 | 491,246 | 632,291 | 601,581 | 612,064 | 608,663 | 704,123 | |
| 118,610 | 84,901 | 229,702 | 265,817 | 346,805 | 344,623 | 254,375 | 411,373 | 556,764 | 499,198 | 523,207 | 505,543 | 611,429 | |
| Operating Profit | 42,312 | 39,135 | 52,804 | 56,889 | 74,819 | 52,105 | 49,473 | 79,874 | 75,527 | 102,383 | 88,857 | 103,120 | 92,694 |
| OPM % | 26% | 32% | 19% | 18% | 18% | 13% | 16% | 16% | 12% | 17% | 15% | 17% | 13% |
| 5,955 | 1,067 | 12,724 | 10,429 | 9,567 | 982 | 11,271 | 6,797 | -30 | 14,712 | 13,282 | 14,923 | 16,458 | |
| Interest | 2,864 | 3,766 | 3,591 | 4,999 | 5,837 | 7,489 | 5,079 | 5,696 | 7,889 | 13,026 | 14,535 | 13,029 | 12,541 |
| Depreciation | 18,033 | 16,384 | 20,219 | 23,112 | 23,704 | 26,635 | 25,538 | 26,883 | 24,557 | 30,440 | 35,206 | 37,391 | 37,484 |
| Profit before tax | 27,370 | 20,052 | 41,718 | 39,208 | 54,846 | 18,962 | 30,126 | 54,091 | 43,051 | 73,629 | 52,398 | 67,623 | 59,127 |
| Tax % | 35% | 35% | 30% | 34% | 38% | 40% | 29% | 9% | 24% | 25% | 27% | 26% | |
| 17,703 | 13,102 | 29,169 | 26,068 | 33,938 | 11,456 | 21,360 | 49,294 | 32,778 | 55,273 | 38,329 | 49,793 | 44,793 | |
| EPS in Rs | 14.29 | 10.03 | 19.03 | 17.23 | 24.28 | 8.59 | 12.96 | 36.19 | 28.17 | 39.06 | 28.80 | 32.93 | 34.59 |
| Dividend Payout % | 44% | 56% | 40% | 38% | 29% | 58% | 28% | 29% | 40% | 31% | 43% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 17% |
| 5 Years: | 15% |
| 3 Years: | -1% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 21% |
| 3 Years: | 1% |
| TTM: | 21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 11% |
| 3 Years: | 8% |
| 1 Year: | -1% |
| Return on Equity | |
|---|---|
| 10 Years: | 13% |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 176,177 | 193,536 | 187,969 | 197,602 | 210,644 | 198,814 | 214,691 | 253,213 | 274,357 | 332,779 | 337,150 | 365,478 |
| 53,944 | 45,500 | 80,029 | 106,550 | 107,742 | 129,473 | 133,187 | 121,986 | 142,255 | 191,195 | 187,817 | 174,316 | |
| 103,448 | 98,459 | 170,111 | 148,664 | 167,667 | 173,787 | 187,580 | 201,771 | 190,212 | 206,357 | 221,401 | 239,518 | |
| Total Liabilities | 337,847 | 341,772 | 444,525 | 459,232 | 492,343 | 508,364 | 541,748 | 583,260 | 613,115 | 736,621 | 752,658 | 785,602 |
| 179,933 | 166,277 | 211,125 | 226,058 | 230,391 | 243,892 | 243,746 | 254,402 | 250,819 | 317,183 | 340,175 | 346,073 | |
| CWIP | 63,393 | 57,668 | 59,042 | 61,512 | 69,056 | 83,832 | 100,309 | 106,719 | 113,945 | 118,729 | 112,614 | 116,272 |
| Investments | 4,749 | 33,387 | 70,746 | 67,335 | 66,909 | 56,755 | 60,320 | 66,642 | 78,873 | 100,862 | 95,617 | 101,084 |
| 89,771 | 84,440 | 103,612 | 104,328 | 125,987 | 123,884 | 137,372 | 155,496 | 169,478 | 199,847 | 204,252 | 222,173 | |
| Total Assets | 337,847 | 341,772 | 444,525 | 459,232 | 492,343 | 508,364 | 541,748 | 583,260 | 613,115 | 736,621 | 752,658 | 785,602 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 33,950 | 46,292 | 45,780 | 56,792 | 61,458 | 70,593 | 47,185 | 78,248 | 84,211 | 98,847 | 90,856 | 112,719 | |
| -30,058 | -38,256 | -43,815 | -66,798 | -37,132 | -53,159 | -39,141 | -41,197 | -72,799 | -57,423 | -42,879 | -57,419 | |
| -10,641 | -8,972 | -1,867 | 9,909 | -23,324 | -16,726 | -8,239 | -35,790 | -12,916 | -45,009 | -47,908 | -56,331 | |
| Net Cash Flow | -6,749 | -935 | 99 | -97 | 1,001 | 708 | -195 | 1,261 | -1,504 | -3,586 | 68 | -1,031 |
| Free Cash Flow | 17,053 | 31,199 | 25,445 | 29,061 | 35,697 | 28,735 | 15,147 | 45,158 | 47,758 | 60,965 | 50,143 | 72,219 |
| CFO/OP | 102% | 138% | 105% | 119% | 103% | 155% | 111% | 115% | 132% | 111% | 118% | 128% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 43 | 25 | 16 | 16 | 13 | 8 | 19 | 14 | 11 | 12 | 13 | 13 |
| Inventory Days | 65 | 105 | 65 | 56 | 48 | 46 | 85 | 90 | 61 | 87 | 99 | 119 |
| Days Payable | 175 | 290 | 51 | 48 | 41 | 31 | 51 | 66 | 46 | 61 | 64 | 84 |
| Cash Conversion Cycle | -67 | -161 | 30 | 24 | 21 | 23 | 54 | 39 | 27 | 38 | 47 | 48 |
| Working Capital Days | -30 | -59 | -85 | -61 | -44 | -54 | -50 | -24 | -30 | -46 | -37 | -37 |
| ROCE % | 13% | 13% | 17% | 14% | 19% | 10% | 9% | 16% | 14% | 18% | 12% | 14% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1P Proved Reserves (Group) MMTOE |
|
|||||||||
| Crude Oil Production (Standalone) MMT ・Standalone data |
||||||||||
| Natural Gas Production (Standalone) BCM ・Standalone data |
||||||||||
| ONGC Videsh Production (O+OEG) MMTOE |
||||||||||
| Reserves Accretion (Domestic) MMTOE ・Standalone data |
||||||||||
| Value Added Products (VAP) Production KT ・Standalone data |
||||||||||
| Wells Drilled (Total) Number ・Standalone data |
||||||||||
| Reserve Replacement Ratio (RRR) Ratio ・Standalone data |
||||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- ONGC struck gas in Mahanadi deepwater well MN-DW18-1-H-D on 18 September 2026.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- Bhaskar Chowdary Nettem appointed Director (Production) effective 21 Sep 2026 until superannuation or further orders.
-
Intimation Regarding ESG Rating
- ONGC received Crisil ESG report; disputes scores of 57/65 and factual error in director attendance.
-
Board Meeting Outcome for Outcome Of Board Meeting
- Board approved appointment of three cost auditors for FY2026-27 on 17 September 2026.
-
Intimation Regarding ESG Rating
- ONGC received ESG rating report; overall score 44, which it disputes.
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.