Oil & Natural Gas Corpn Ltd

ONGC is engaged in exploration, development and production of crude oil, natural gas and value added products in India and acquisition of oil and Gas acreages outside India for exploration, development and production, downstream (Refining and marketing of(Source : 201903 Annual Report Page No:323)

Pros:
Stock is trading at 0.74 times its book value
Stock is providing a good dividend yield of 5.43%.
Company has been maintaining a healthy dividend payout of 35.62%
Cons:
Promoter's stake has decreased
Company has a low return on equity of 12.76% for last 3 years.
Contingent liabilities of Rs.69479.17 Cr.

Peer Comparison Sector: Crude Oil & Natural Gas // Industry: Oil Drilling / Allied Services

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Quarterly Results Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Mar 2019 Jun 2019
110,367 112,316 109,515
89,819 94,931 92,627
Operating Profit 20,548 17,385 16,887
OPM % 19% 15% 15%
Other Income 1,970 1,871 1,872
Interest 1,583 1,441 1,520
Depreciation 6,073 6,310 5,848
Profit before tax 14,862 11,505 11,392
Tax % 37% 47% 38%
Net Profit 8,287 4,381 6,694
EPS in Rs 6.46 3.44 5.32
Notes Notes Notes

Profit & Loss Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
90,473 97,795 95,663 113,844 140,147 161,984 174,121 160,923 124,036 282,506 322,706 421,385
61,318 69,361 67,940 79,928 91,656 118,492 124,749 118,610 85,008 229,702 265,817 346,763
Operating Profit 29,154 28,433 27,723 33,916 48,491 43,492 49,372 42,312 39,028 52,804 56,889 74,623
OPM % 32% 29% 29% 30% 35% 27% 28% 26% 31% 19% 18% 18%
Other Income 4,667 5,138 5,271 3,718 7,934 5,497 6,928 5,955 1,174 12,724 10,429 10,008
Interest 114 239 502 438 435 484 624 2,864 3,766 3,591 4,999 5,837
Depreciation 2,791 2,167 2,065 2,883 13,187 11,763 16,262 18,033 16,384 20,219 23,112 24,026
Profit before tax 30,917 31,166 30,427 34,313 42,804 36,742 39,413 27,370 20,052 41,718 39,208 54,767
Tax % 35% 35% 35% 33% 34% 35% 32% 35% 35% 30% 34% 38%
Net Profit 19,872 19,795 19,404 22,456 28,144 24,220 26,507 18,334 12,875 24,419 22,106 30,495
EPS in Rs 14.55 14.49 14.19 16.52 20.87 17.85 19.57 13.01 10.03 19.03 17.23 24.24
Dividend Payout % 34% 35% 36% 33% 30% 34% 31% 44% 56% 40% 38% 29%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:15.73%
5 Years:19.33%
3 Years:50.33%
TTM:30.58%
Compounded Profit Growth
10 Years:4.77%
5 Years:3.62%
3 Years:20.62%
TTM:43.39%
Return on Equity
10 Years:14.42%
5 Years:11.69%
3 Years:12.76%
Last Year:14.91%

Balance Sheet Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
2,139 2,139 2,139 4,278 4,278 4,278 4,278 4,278 4,278 6,417 6,417 6,290
Reserves 75,933 90,085 99,268 111,049 132,161 148,250 167,874 176,177 193,536 187,969 197,602 211,851
Borrowings 13,877 23,704 23,726 6,704 15,973 20,686 49,113 53,944 45,500 80,029 106,550 107,742
39,229 46,470 50,003 79,663 80,312 89,305 103,724 116,887 100,116 171,657 150,363 170,634
Total Liabilities 131,178 162,398 175,136 201,695 232,724 262,518 324,988 351,286 343,430 446,071 460,931 496,517
21,974 29,899 33,915 35,859 38,542 49,104 64,655 88,928 46,385 81,510 82,970 86,274
CWIP 14,423 24,758 25,614 34,760 49,698 53,385 72,034 63,393 57,668 59,042 61,512 69,056
Investments 4,482 3,480 5,159 3,100 2,921 2,128 4,746 4,749 33,387 70,746 67,335 66,911
90,299 104,260 110,448 127,976 141,563 157,901 183,553 194,215 205,989 234,773 249,115 274,276
Total Assets 131,178 162,398 175,136 201,695 232,724 262,518 324,988 351,286 343,430 446,071 460,931 496,517

Cash Flows Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
29,029 28,998 28,783 49,085 46,129 39,874 53,270 33,950 46,292 45,780 56,792 61,248
-16,286 -28,171 -21,102 -32,120 -38,375 -41,220 -63,633 -30,058 -38,256 -43,815 -66,798 -33,967
-8,365 -3,289 -8,273 -11,670 102 -6,927 15,225 -10,641 -8,972 -1,867 9,909 -25,996
Net Cash Flow 4,378 -2,463 -592 5,295 7,856 -8,273 4,862 -6,749 -935 99 -97 1,285

Ratios Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 35% 30% 26% 28% 29% 23% 20% 13% 13% 17% 15% 20%
Debtor Days 28 27 27 32 31 35 34 43 25 16 16 13
Inventory Turnover 12.94 13.31 12.25 12.85 12.32 11.97 12.05 11.96 11.22 13.67 10.44 12.53