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ONGC

₹236.9 1.7 | 0.7%

Market Cap ₹298002 Cr.

Stock P/E 7.8

P/B 0.8

Current Price ₹236.9

Book Value ₹ 282.4

Face Value 5

52W High ₹302

Dividend Yield 5.17%

52W Low ₹ 205

ONGC Research see more...

Overview Inc. Year: 1993Industry: Oil Exploration

Oil and Natural Gas Corporation Limited is an India-based company, that is engaged in exploration, development and production of crude oil, natural gas and value-added merchandise. Its segments include Exploration and Production; and Refining and Marketing. The Company's geographical segments encompass operations in India, which includes Onshore and Offshore, and Outside India. It is likewise involved in acquisition of oil and gas acreages out of India for exploration, development, and production, downstream (Refining and advertising of petroleum products), petrochemicals, power technology, LNG supply, pipeline transportation, special economic zone (SEZ) improvement and helicopter services. It is concerned in offshore extraction of crude petroleum, offshore extraction of natural fuel and offerings incidental to offshore oil extraction. Its subsidiaries encompass Mangalore Refinery and Petrochemicals Ltd, ONGC Videsh Ltd and Petronet MHB Ltd.

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ONGC Share Price

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ONGC Quarterly Results

#(Fig in Cr.) Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
Net Sales 164067 163824 147614 167357 172137 168968 158329 166097 170812 163108
Other Income 2658 2544 2517 3756 3367 2761 4163 2411 2977 2573
Total Income 166725 166367 150131 171113 175504 171729 162493 168508 173789 165681
Total Expenditure 142004 133029 119534 146996 148913 147183 137822 141454 148727 137201
Operating Profit 24721 33338 30597 24117 26590 24547 24670 27054 25061 28480
Interest 2068 2364 3243 3203 3608 3694 3749 3670 3500 3341
Depreciation 6744 7078 7079 7494 8420 8501 8209 9497 9043 9384
Exceptional Income / Expenses -7445 0 96 1 -1733 0 0 0 -151 -19
Profit Before Tax 8465 23896 20372 13420 12829 12352 12712 13887 12367 15736
Provision for Tax 463 6529 5260 3451 3474 3349 2822 3739 4150 3954
Profit After Tax 8001 17368 15112 9969 9355 9003 9891 10148 8217 11782
Adjustments -3509 -2723 -1409 734 677 972 382 -1527 -894 -1978
Profit After Adjustments 4492 14644 13703 10703 10032 9974 10273 8622 7323 9804
Adjusted Earnings Per Share 3.6 11.6 10.9 8.5 8 7.9 8.2 6.9 5.8 7.8

ONGC Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 161212 124074 282506 322706 421626 396763 303892 491301 632326 601581 612065 658346
Other Income 27809 25769 28801 26165 26564 24035 22539 23025 28259 33155 33739 12124
Total Income 189021 149843 311307 348871 448190 420797 326431 514326 660585 634736 645804 670471
Total Expenditure 140754 102564 249180 283892 365060 359047 266528 425717 573518 518724 543354 565204
Operating Profit 48267 47279 62127 64979 83130 61751 59903 88609 87067 116012 102450 105265
Interest 2864 3766 3591 5621 6418 8058 6176 6994 9636 14624 15731 14260
Depreciation 18033 16384 20219 23112 23704 26635 25538 26883 24581 30440 35206 36133
Exceptional Income / Expenses 0 -7943 591 248 -1591 -9028 919 -2105 -8138 -1636 -151 -170
Profit Before Tax 27370 20052 41718 39208 54846 18962 30126 54091 44746 73629 52398 54702
Provision for Tax 9697 6951 12548 13140 20908 7506 8766 4797 10700 18356 14069 14665
Profit After Tax 17673 13102 29169 26068 33938 11456 21360 49294 34046 55273 38329 40038
Adjustments 661 -226 -4750 -3962 -3392 -653 -5056 -3772 2663 -6129 -2103 -4017
Profit After Adjustments 18334 12875 24419 22106 30546 10804 16304 45522 36709 49144 36226 36022
Adjusted Earnings Per Share 14.3 10 19 17.2 24.3 8.6 13 36.2 29.2 39.1 28.8 28.7

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 2% 8% 9% 14%
Operating Profit CAGR -12% 5% 11% 8%
PAT CAGR -31% -8% 27% 8%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% 22% 26% 4%
ROE Average 11% 14% 14% 13%
ROCE Average 14% 16% 15% 14%

ONGC Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 180454 197814 194385 204019 216935 205105 220981 259503 282775 339069 343440
Minority's Interest 2473 2652 13292 15606 18106 18406 21616 23825 20608 20555 30795
Borrowings 47575 40229 52772 55025 52168 72932 79162 88043 98360 96971 98474
Other Non-Current Liabilities 71009 77583 96411 103411 123446 85836 95560 83327 80945 109674 112094
Total Current Liabilities 56532 58734 132742 126821 129758 125073 123267 127365 132907 169256 166842
Total Liabilities 358044 377012 489602 504881 540413 507350 540585 582062 615594 735616 751646
Fixed Assets 179933 166277 211125 232890 230383 243884 243738 254394 251092 320256 340167
Other Non-Current Assets 119054 145100 190542 189707 222566 182757 203725 221678 249711 275139 276682
Total Current Assets 58499 65625 87935 82276 87336 80695 93105 105926 114736 140142 134783
Total Assets 358044 377012 489602 504881 540413 507350 540585 582062 615594 735616 751646

ONGC Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 12466 2768 -48 51 -45 956 1664 1468 2729 1229 -2357
Cash Flow from Operating Activities 33950 46292 45780 56792 61458 70593 47185 78248 86062 98847 90868
Cash Flow from Investing Activities -30320 -38283 -45056 -67111 -37332 -53498 -39092 -41330 -75095 -57485 -43022
Cash Flow from Financing Activities -10641 -8972 -1867 9909 -23324 -16726 -8239 -35790 -12876 -45009 -47908
Net Cash Inflow / Outflow -7010 -962 -1143 -410 801 368 -146 1129 -1909 -3648 -61
Closing Cash & Cash Equivalent 5717 1832 51 -45 956 1664 1468 2729 1225 -2357 -2298

ONGC Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 14.29 10.03 19.03 17.23 24.28 8.59 12.96 36.19 29.18 39.06 28.8
CEPS(Rs) 27.82 22.98 38.48 38.32 45.82 30.28 37.28 60.55 46.6 68.13 58.45
DPS(Rs) 9.5 8.5 9.08 6.6 7 5 3.6 10.5 11.25 12.25 12.25
Book NAV/Share(Rs) 140.18 154.14 151.47 158.98 172.44 163.04 175.66 206.28 224.78 269.52 273
Core EBITDA Margin(%) 12.3 15.86 10.17 10.65 12.4 8.83 10.3 12.27 8.55 12.62 10.29
EBIT Margin(%) 18.17 17.56 13.83 12.3 13.43 6.32 10.01 11.43 7.9 13.44 10.21
Pre Tax Margin(%) 16.45 14.78 12.73 10.76 12.02 4.44 8.31 10.12 6.5 11.21 7.85
PAT Margin (%) 10.62 9.66 8.9 7.15 7.44 2.68 5.89 9.22 4.95 8.42 5.74
Cash Profit Margin (%) 21.46 21.73 15.08 13.49 12.63 8.91 12.93 14.25 8.52 13.05 11.02
ROA(%) 4.97 3.56 6.73 5.24 6.49 2.19 4.08 8.78 5.69 8.18 5.15
ROE(%) 10.06 6.94 14.87 13.09 16.12 5.43 10.03 20.52 12.56 17.78 11.23
ROCE(%) 13.31 9.98 17.5 15.33 19.31 8.37 10.98 17.27 13.96 19.42 13.71
Receivable days 38.22 36.52 11.63 13.24 11.72 10.49 12.68 12.02 10.06 10.69 11.19
Inventory Days 27.88 27.63 22.17 30.26 26.27 29.12 39.06 33.71 26.1 27.25 30.83
Payable days 6155.98 0 98.75 75.73 64.13 54.82 69.41 54.85 50.16 57.04 63.37
PER(x) 14.32 14.27 9.73 10.32 6.57 7.95 7.88 4.53 5.17 6.86 8.56
Price/Book(x) 1.46 0.93 1.22 1.12 0.93 0.42 0.58 0.79 0.67 0.99 0.9
Dividend Yield(%) 3.1 3.96 4.9 3.71 4.39 7.32 3.52 6.41 7.45 4.57 4.97
EV/Net Sales(x) 1.86 1.65 1.08 1.02 0.72 0.49 0.79 0.63 0.46 0.75 0.71
EV/Core EBITDA(x) 6.22 4.33 4.9 5.07 3.64 3.12 4.01 3.47 3.33 3.9 4.26
Net Sales Growth(%) -7.6 -23.04 127.69 14.23 30.65 -5.9 -23.41 61.67 28.7 -4.86 1.74
EBIT Growth(%) -24.49 -21.22 90.23 -1.06 36.66 -55.89 39.16 68.27 -10.97 62.29 -22.8
PAT Growth(%) -33.69 -25.87 122.64 -10.63 30.19 -66.24 102.98 130.77 -30.93 62.35 -30.66
EPS Growth(%) -30.83 -29.77 89.66 -9.47 40.96 -64.63 50.92 179.2 -19.36 33.87 -26.29
Debt/Equity(x) 0.3 0.23 0.41 0.52 0.49 0.57 0.54 0.42 0.46 0.47 0.45
Current Ratio(x) 1.03 1.12 0.66 0.65 0.67 0.65 0.76 0.83 0.86 0.83 0.81
Quick Ratio(x) 0.85 0.95 0.44 0.41 0.4 0.38 0.39 0.41 0.53 0.51 0.45
Interest Cover(x) 10.56 6.33 12.62 7.98 9.55 3.35 5.88 8.73 5.64 6.03 4.33
Total Debt/Mcap(x) 0.21 0.25 0.34 0.47 0.53 1.35 0.93 0.52 0.68 0.47 0.5

ONGC Shareholding Pattern

# Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
Promoter 58.89 58.89 58.89 58.89 58.89 58.89 58.89 58.89 58.89 58.89
FII 7.97 8.11 8.38 9.19 8.88 8.57 8.12 7.53 7.12 7.09
DII 30.18 30.13 29.89 29.03 29.18 29.05 29.34 29.71 30.24 30.14
Public 2.95 2.87 2.84 2.89 3.05 3.49 3.65 3.87 3.76 3.88
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Stock is trading at 0.8 times its book value
  • Company has delivered good profit growth of 27% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 57.04 to 63.37days.

* 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.

ONGC News

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