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 ₹ 3,06,330 Cr.
- Current Price ₹ 244
- High / Low ₹ 345 / 205
- Stock P/E 8.41
- Book Value ₹ 273
- Dividend Yield 5.05 %
- ROCE 12.4 %
- ROE 10.7 %
- Face Value ₹ 5.00
Pros
- Stock is trading at 0.89 times its book value
- Stock is providing a good dividend yield of 5.01%.
- Company has been maintaining a healthy dividend payout of 37.9%
Cons
- The company has delivered a poor sales growth of 10.8% over past five years.
- Company has a low return on equity of 13.6% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
174,121 | 160,923 | 124,036 | 282,506 | 322,706 | 421,624 | 396,728 | 303,849 | 491,246 | 632,291 | 591,396 | 663,262 | |
124,991 | 118,610 | 84,901 | 229,702 | 265,817 | 346,805 | 344,623 | 254,375 | 411,373 | 556,764 | 488,561 | 574,402 | |
Operating Profit | 49,130 | 42,312 | 39,135 | 52,804 | 56,889 | 74,819 | 52,105 | 49,473 | 79,874 | 75,527 | 102,835 | 88,861 |
OPM % | 28% | 26% | 32% | 19% | 18% | 18% | 13% | 16% | 16% | 12% | 17% | 13% |
7,170 | 5,955 | 1,067 | 12,724 | 10,429 | 9,567 | 982 | 11,271 | 6,797 | -30 | 12,982 | 13,278 | |
Interest | 624 | 2,864 | 3,766 | 3,591 | 4,999 | 5,837 | 7,489 | 5,079 | 5,696 | 7,889 | 10,194 | 14,535 |
Depreciation | 16,262 | 18,033 | 16,384 | 20,219 | 23,112 | 23,704 | 26,635 | 25,538 | 26,883 | 24,557 | 28,763 | 35,206 |
Profit before tax | 39,413 | 27,370 | 20,052 | 41,718 | 39,208 | 54,846 | 18,962 | 30,126 | 54,091 | 43,051 | 76,860 | 52,398 |
Tax % | 32% | 35% | 35% | 30% | 34% | 38% | 40% | 29% | 9% | 24% | 26% | 27% |
26,665 | 17,703 | 13,102 | 29,169 | 26,068 | 33,938 | 11,456 | 21,360 | 49,294 | 32,778 | 57,101 | 38,329 | |
EPS in Rs | 20.65 | 14.29 | 10.03 | 19.03 | 17.23 | 24.28 | 8.59 | 12.96 | 36.19 | 28.17 | 39.13 | 28.80 |
Dividend Payout % | 31% | 44% | 56% | 40% | 38% | 29% | 58% | 28% | 29% | 40% | 31% | 43% |
Compounded Sales Growth | |
---|---|
10 Years: | 15% |
5 Years: | 11% |
3 Years: | 11% |
TTM: | 12% |
Compounded Profit Growth | |
---|---|
10 Years: | 7% |
5 Years: | 19% |
3 Years: | -8% |
TTM: | -28% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 23% |
3 Years: | 14% |
1 Year: | -6% |
Return on Equity | |
---|---|
10 Years: | 13% |
5 Years: | 14% |
3 Years: | 14% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 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 | 167,874 | 176,177 | 193,536 | 187,969 | 197,602 | 210,644 | 198,814 | 214,691 | 253,213 | 274,357 | 330,780 | 337,150 |
49,113 | 53,944 | 45,500 | 80,029 | 106,550 | 107,742 | 129,473 | 133,187 | 121,986 | 142,255 | 153,181 | 187,817 | |
103,711 | 103,448 | 98,459 | 170,111 | 148,664 | 167,667 | 173,787 | 187,580 | 201,771 | 190,212 | 219,523 | 227,465 | |
Total Liabilities | 324,976 | 337,847 | 341,772 | 444,525 | 459,232 | 492,343 | 508,364 | 541,748 | 583,260 | 613,115 | 709,774 | 758,723 |
155,923 | 179,933 | 166,277 | 211,125 | 226,058 | 230,391 | 243,892 | 243,746 | 254,402 | 250,819 | 298,454 | 365,498 | |
CWIP | 72,034 | 63,393 | 57,668 | 59,042 | 61,512 | 69,056 | 83,832 | 100,309 | 106,719 | 113,945 | 116,022 | 87,037 |
Investments | 4,746 | 4,749 | 33,387 | 70,746 | 67,335 | 66,909 | 56,755 | 60,320 | 66,642 | 78,873 | 102,207 | 95,617 |
92,273 | 89,771 | 84,440 | 103,612 | 104,328 | 125,987 | 123,884 | 137,372 | 155,496 | 169,478 | 193,091 | 210,571 | |
Total Assets | 324,976 | 337,847 | 341,772 | 444,525 | 459,232 | 492,343 | 508,364 | 541,748 | 583,260 | 613,115 | 709,774 | 758,723 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
53,270 | 33,950 | 46,292 | 45,780 | 56,792 | 61,458 | 70,593 | 47,185 | 78,248 | 86,062 | 99,263 | 90,868 | |
-63,633 | -30,058 | -38,256 | -43,815 | -66,798 | -37,132 | -53,159 | -39,141 | -41,197 | -74,690 | -57,203 | -43,022 | |
15,225 | -10,641 | -8,972 | -1,867 | 9,909 | -23,324 | -16,726 | -8,239 | -35,790 | -12,876 | -45,650 | -47,908 | |
Net Cash Flow | 4,862 | -6,749 | -935 | 99 | -97 | 1,001 | 708 | -195 | 1,261 | -1,504 | -3,591 | -61 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 34 | 43 | 25 | 16 | 16 | 13 | 8 | 19 | 14 | 11 | 12 | 12 |
Inventory Days | 79 | 65 | 105 | 65 | 56 | 48 | 46 | 85 | 90 | 61 | 86 | 50 |
Days Payable | 155 | 175 | 290 | 51 | 48 | 41 | 31 | 51 | 66 | 46 | 61 | 33 |
Cash Conversion Cycle | -43 | -67 | -161 | 30 | 24 | 21 | 23 | 54 | 39 | 27 | 38 | 29 |
Working Capital Days | -29 | -18 | -46 | -57 | -9 | -2 | -20 | 3 | -6 | -9 | -6 | 3 |
ROCE % | 20% | 13% | 13% | 17% | 14% | 19% | 10% | 9% | 16% | 14% | 18% | 12% |
Documents
Announcements
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Disclosure Of Event Or Information Under Regulation 30 Of SEBI (LODR) Regulations, 2015
30 May - ONGC fined ₹13.03 lakh each by BSE and NSE for board composition non-compliance, seeking fine waiver.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - ONGC's FY 2024-25 secretarial compliance report shows governance non-compliances; waiver requests submitted for fines.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
29 May - ONGC schedules investor meetings at Bank of America and Morgan Stanley India forums on June 4, 2025.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 28 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 May - Production resumed at offshore PY-3 field after 14 years; Phase I completed, Phase II planned for enhanced recovery.
Annual reports
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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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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]