Oil & Natural Gas Corpn Ltd

₹ 141 0.79%
25 Nov - close price
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 176,816 Cr.
  • Current Price 141
  • High / Low 195 / 120
  • Stock P/E 4.59
  • Book Value 222
  • Dividend Yield 7.47 %
  • ROCE 16.8 %
  • ROE 19.5 %
  • Face Value 5.00

Pros

  • Stock is trading at 0.63 times its book value
  • Stock is providing a good dividend yield of 7.47%.
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 38.3%

Cons

  • The company has delivered a poor sales growth of 11.7% over past five years.
  • Company has a low return on equity of 11.7% over last 3 years.
  • Contingent liabilities of Rs.76,693 Cr.
  • Promoter holding has decreased over last 3 years: -4.09%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
101,575 109,466 104,374 62,496 83,619 100,289 114,124 108,105 122,066 145,675 155,920 182,894 168,656
85,560 93,828 100,837 54,218 69,750 89,009 98,639 91,822 104,270 124,255 131,888 164,039 155,313
Operating Profit 16,015 15,638 3,537 8,278 13,869 11,279 15,485 16,283 17,796 21,420 24,032 18,855 13,343
OPM % 16% 14% 3% 13% 17% 11% 14% 15% 15% 15% 15% 10% 8%
1,640 2,245 -5,128 1,198 1,371 2,379 6,883 1,775 1,913 2,829 623 1,617 2,317
Interest 1,751 1,536 2,314 1,627 1,179 1,158 1,116 1,440 1,377 1,388 1,491 1,640 1,993
Depreciation 6,645 7,457 6,775 5,848 5,624 6,495 7,572 6,423 6,230 6,850 7,380 6,611 4,443
Profit before tax 9,260 8,890 -10,680 2,002 8,438 6,006 13,681 10,194 12,102 16,011 15,784 12,221 9,224
Tax % 40% 39% 37% 46% 33% 39% 20% 33% -55% 27% 24% 30% 26%
Net Profit 5,560 5,459 -6,726 1,085 5,675 3,637 10,963 6,847 18,749 11,637 12,061 8,581 6,830
EPS in Rs 4.25 3.96 -5.04 0.09 3.35 2.00 7.52 4.76 14.35 8.69 8.39 9.49 6.60
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
113,844 140,147 161,984 174,121 160,923 124,036 282,506 322,706 421,624 396,728 303,849 491,216 653,146
79,928 94,797 118,482 124,991 118,610 84,901 229,702 265,817 346,805 344,623 254,375 411,342 575,495
Operating Profit 33,916 45,350 43,501 49,130 42,312 39,135 52,804 56,889 74,819 52,105 49,473 79,874 77,650
OPM % 30% 32% 27% 28% 26% 32% 19% 18% 18% 13% 16% 16% 12%
3,718 11,075 5,488 7,170 5,955 1,067 12,724 10,429 9,567 982 11,271 6,797 7,385
Interest 438 435 484 624 2,864 3,766 3,591 4,999 5,837 7,489 5,079 5,696 6,512
Depreciation 2,883 13,187 11,763 16,262 18,033 16,384 20,219 23,112 23,704 26,635 25,538 26,883 25,284
Profit before tax 34,313 42,804 36,742 39,413 27,370 20,052 41,718 39,208 54,846 18,962 30,126 54,091 53,240
Tax % 33% 34% 35% 32% 35% 35% 30% 34% 38% 40% 29% 9%
Net Profit 22,828 28,428 23,994 26,665 17,703 13,102 29,169 26,068 33,938 11,456 21,360 49,294 39,109
EPS in Rs 17.50 21.93 18.87 20.65 14.29 10.03 19.03 17.23 24.28 8.59 12.96 36.19 33.17
Dividend Payout % 33% 30% 34% 31% 44% 56% 40% 38% 29% 58% 28% 29%
Compounded Sales Growth
10 Years: 13%
5 Years: 12%
3 Years: 5%
TTM: 47%
Compounded Profit Growth
10 Years: 6%
5 Years: 14%
3 Years: 14%
TTM: 12%
Stock Price CAGR
10 Years: -2%
5 Years: -5%
3 Years: 2%
1 Year: -4%
Return on Equity
10 Years: 12%
5 Years: 12%
3 Years: 12%
Last Year: 20%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 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 6,290
Reserves 111,049 132,161 148,250 167,874 176,177 193,536 187,969 197,602 210,644 198,814 214,691 253,213 272,621
6,704 15,973 20,686 49,113 53,944 45,500 80,029 106,550 107,742 129,473 133,187 121,986 150,352
71,495 79,771 80,211 103,711 103,448 98,459 170,111 148,664 167,667 173,787 187,580 201,830 199,294
Total Liabilities 193,527 232,183 253,424 324,976 337,847 341,772 444,525 459,232 492,343 508,364 541,748 583,319 628,557
35,859 38,542 49,104 64,655 88,928 46,385 81,510 82,970 86,011 103,848 104,466 111,050 295,544
CWIP 34,760 49,698 53,385 72,034 63,393 57,668 59,042 61,512 69,056 83,832 100,309 106,719 75,893
Investments 3,100 2,921 2,128 4,746 4,749 33,387 70,746 67,335 66,909 56,755 60,320 66,642 71,044
119,808 141,022 148,807 183,541 180,776 204,332 233,227 247,416 270,367 263,929 276,653 298,907 186,076
Total Assets 193,527 232,183 253,424 324,976 337,847 341,772 444,525 459,232 492,343 508,364 541,748 583,319 628,557

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
49,085 46,129 39,874 53,270 33,950 46,292 45,780 56,792 61,458 70,593 47,185 78,000
-32,120 -38,375 -41,220 -63,633 -30,058 -38,256 -43,815 -66,798 -37,132 -53,159 -39,141 -40,345
-11,670 102 -6,927 15,225 -10,641 -8,972 -1,867 9,909 -23,324 -16,726 -8,239 -35,979
Net Cash Flow 5,295 7,856 -8,273 4,862 -6,749 -935 99 -97 1,001 708 -195 1,676

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 32 31 35 34 43 25 16 16 13 8 19 14
Inventory Days 99 108 80 79 65 105 65 56 48 46 85 60
Days Payable 170 139 112 155 175 290 51 48 41 31 51 44
Cash Conversion Cycle -39 -0 3 -43 -67 -161 30 24 21 23 54 31
Working Capital Days -34 -19 -1 -29 -18 -46 -57 -9 -2 -20 3 -6
ROCE % 28% 29% 23% 20% 13% 13% 17% 15% 20% 11% 10% 17%

Shareholding Pattern

Numbers in percentages

7 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
62.78 60.41 60.41 60.41 60.41 60.41 60.41 60.41 60.41 58.91 58.89 58.89
8.65 7.62 8.10 7.69 7.67 8.08 8.06 8.08 8.87 9.91 9.97 8.96
15.74 17.87 17.37 17.54 17.71 17.48 17.60 17.87 17.19 16.36 17.83 18.53
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 10.30
12.83 14.10 14.13 14.36 14.21 14.03 13.93 13.64 13.53 14.82 13.31 3.32

Documents

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