Oil and Natural Gas Dividends and Buybacks
Dividend criteria checks 5/6
Oil and Natural Gas is a dividend paying company with a current yield of 5.42% that is well covered by earnings.
Key information
5.4%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 6.5% |
| Dividend Growth | 10.1% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 40% |
Recent dividend and buyback updates
Recent updates
Narrative Update • Jun 15
ONGC: Future Cash Flows Will Support Dividends As Petrochemical JV Expands
Narrative Update on Oil and Natural Gas The analyst price target for the oil and natural gas sector has been adjusted slightly lower, with fair value moving by ₹4.0 to ₹308.1, as analysts factor in a marginally lower profit margin outlook and a slightly reduced future P/E of 10.19x, while keeping revenue growth and discount rate assumptions broadly unchanged. Analyst Commentary Recent Street research around cyclical and AI linked sectors offers useful context for how analysts are thinking about valuation, growth and execution risk.Narrative Update • Jun 01
ONGC: Future Cash Flows Will Support Dividends As Petrochemical JV Scales
Analysts have adjusted the sector fair value estimate to ₹312.10 from ₹305.27, reflecting updated views on discount rates, more measured revenue growth, slightly lower profit margins, and a higher assumed future P/E, consistent with the broader pattern of raised price targets seen in recent research. Analyst Commentary Oil and natural gas stocks are not the focus of recent Street research excerpts, which are centered on semiconductor companies.Analysis Article • May 29
Oil and Natural Gas Corporation Limited (NSE:ONGC) Just Reported Full-Year Earnings: Have Analysts Changed Their Mind On The Stock?
Oil and Natural Gas Corporation Limited ( NSE:ONGC ) shareholders are probably feeling a little disappointed, since its...Narrative Update • May 03
ONGC: Future Cash Flows Will Balance Dividends And Cyclical Execution Risks
Analysts have lifted their price target for the Oil and Natural Gas sector to ₹305.27, citing slightly higher assumed revenue growth and profit margins, along with a modestly lower future P/E multiple in their updated models. Analyst Commentary Recent Street research around related cyclicals, including semiconductor names, gives some context for how analysts are thinking about sectors that are sensitive to capital spending and industrial demand.Narrative Update • Apr 19
ONGC: Future Cash Flows Will Balance Dividend Policy And Energy Partnership Execution
Analysts lifted their price target for the Oil and Natural Gas segment to ₹305.27 from ₹281.81, citing updated assumptions about higher revenue growth, slightly stronger profit margins, and a modestly lower future P/E multiple in their models. Analyst Commentary Recent Street research on related cyclical and capital intensive sectors points to an active debate that investors in Oil and Natural Gas should keep in mind.
Narrative Update • Apr 03
ONGC: Deepwater Collaboration And Ethane Shipping Are Expected To Support Future Cash Flows
The analyst price target for the Oil and Natural Gas segment has been revised higher to ₹391.17 from ₹363.71. Analysts attribute this change to updated assumptions that reflect slightly lower discount rates, modestly stronger revenue growth expectations, a small adjustment to profit margins and a higher assumed future P/E multiple.Narrative Update • Mar 20
ONGC: Ethane Logistics And Deepwater Tie Up Will Support Future Cash Flows
Analysts have lifted their average price target for the oil and natural gas name from ₹330 to about ₹363.71, citing modestly higher revenue growth and profit margin assumptions, as well as a slightly lower future P/E, as key drivers of the change. Analyst Commentary Recent Street research on the broader energy and industrial complex signals how quickly sentiment can pivot when analysts see improving execution, clearer growth drivers or a more comfortable valuation.Narrative Update • Mar 06
ONGC: Future Cash Flows Will Balance Semiconductor Sentiment And Energy Partnership Execution
Analysts have inched their consolidated price target on the Oil and Natural Gas segment higher to about ₹281.81 from roughly ₹281.13. This reflects small adjustments to fair value, discount rate and long term P/E assumptions after a recent wave of refreshed coverage and target hikes across the broader semiconductor peer group.Narrative Update • Feb 19
ONGC: Future Cash Flows Will Reflect Balanced Execution And Commodity Pricing Risks
Narrative Update on Oil and Natural Gas The analyst price target for Oil and Natural Gas has been revised higher to ₹281.13 from ₹276.90, with analysts citing updated assumptions that reflect a slightly lower discount rate, adjusted revenue growth expectations, a modest tweak to profit margin estimates, and a higher future P/E multiple. Analyst Commentary Recent Street research around the broader energy and cyclical complex, including work on other sectors such as semiconductors, gives some context for how analysts are thinking about valuation, execution risk, and growth when they update targets like the one for Oil and Natural Gas.Analysis Article • Feb 15
Revenue Beat: Oil and Natural Gas Corporation Limited Beat Analyst Estimates By 76%
Oil and Natural Gas Corporation Limited ( NSE:ONGC ) just released its quarterly report and things are looking bullish...Narrative Update • Feb 05
ONGC: Ethane Logistics Buildout Will Support Future Cash Flow Visibility
For Oil and Natural Gas, the analyst price target stays at $330. The small shifts in discount rate, revenue growth, profit margin and future P/E reflect analysts' updated views after a series of recent price target increases and upgrades across the broader sector.Narrative Update • Jan 22
ONGC: Ethane Infrastructure Expansion And Green Energy Arm Will Support Future Cash Flows
Analysts left their oil and natural gas price target unchanged at $330, citing only minor adjustments in discount rates, revenue growth and margin assumptions, rather than any change in their overall view. Analyst Commentary While the official price target for oil and natural gas is unchanged at $330, recent Street research around cyclical, capital intensive sectors highlights how analysts are thinking about valuation, execution and growth potential when they adjust targets or ratings.Narrative Update • Jan 08
ONGC: Future Utilization Discipline And Ethane Alliances Will Support Asset Productivity
Narrative Update on Oil and Natural Gas The analyst price target for the oil and natural gas segment has moved from $340.00 to $330.00, with analysts pointing to adjusted discount rate assumptions, slightly revised long term revenue growth and profit margin forecasts, and a lower future P/E multiple as key drivers of the change. Analyst Commentary Recent Street research on comparable industrial and automotive exposed names in the semiconductor space gives a sense of how bullish analysts are thinking about companies tied to long cycle capital spending and electrification themes, which are also key narratives for many oil and natural gas businesses transitioning their portfolios.Analysis Article • Jan 08
Is Oil and Natural Gas (NSE:ONGC) A Risky Investment?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Dec 20
ONGC: Future Cash Flows Will Support Long-Term Shareholder Upside
Analysts have modestly reduced their price target on Oil and Natural Gas to approximately $277 from about $279, reflecting slightly softer long term revenue growth and profit margin assumptions. They also note that the company remains well positioned in key end markets and benefits from ongoing secular demand trends.Narrative Update • Dec 06
ONGC: Future Cash Flows Will Support Strong Shareholder Returns
Analysts made a modest adjustment to their oil and natural gas price target, reflecting a slightly higher discount rate. This was driven by cautious expectations for only incremental improvements in long term growth and profitability, even as secular demand trends and potential upside risks in industrial and auto related end markets remain intact.Narrative Update • Nov 22
ONGC: Revenue Momentum And Margin Gains Will Drive Future Performance
The analyst price target for oil and natural gas has been raised by nearly $10 to $279.30. This change reflects updated expectations for stronger revenue growth and slightly improved profit margins according to analysts.Analysis Article • Nov 12
There's No Escaping Oil and Natural Gas Corporation Limited's (NSE:ONGC) Muted Earnings
When close to half the companies in India have price-to-earnings ratios (or "P/E's") above 28x, you may consider Oil...Narrative Update • Nov 06
ONGC: Sector Resilience And Demand Trends Will Shape Performance Amid Cautious Outlook
The Analyst Price Target for the oil and natural gas sector has been updated, reflecting a modest adjustment informed by analysts citing tempered demand trends and ongoing industry positioning. Analyst Commentary Recent analyst commentary on the oil and natural gas sector highlights a diverse range of perspectives regarding the near-term outlook for the industry.Analysis Article • Oct 23
Oil and Natural Gas (NSE:ONGC) Is Doing The Right Things To Multiply Its Share Price
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Amongst other things...Narrative Update • Oct 22
Analysts Adjust Price Target for Oil and Natural Gas as Growth Outlook Remains Cautious
The analyst price target for Oil and Natural Gas was modestly reduced from $270.14 to $269.69. Analysts cited slower revenue growth and a muted recovery outlook as drivers for the adjustment.Narrative Update • Oct 08
KG Basin And LNG Expansion Will Spur Future Energy Demand
The analyst price target for oil and natural gas was reduced slightly from $273.41 to $270.14. Analysts cited continued margin headwinds and muted recovery expectations due to channel inventory build and ongoing manufacturing rationalization.Narrative Update • Sep 04
KG Basin And LNG Expansion Will Spur Future Energy Demand
The consensus analyst price target for Oil and Natural Gas was held steady at ₹273.41, as analysts balanced improving auto and industrial trends and robust AI demand against ongoing margin pressures, muted near-term recovery, and concerns about overexposure to the auto sector. Analyst Commentary Auto and industrial segments are showing mixed but improving trends, with China EV pipeline remaining resilient while U.S. and European auto demand lags.
New Narrative • Nov 24
ONGC's Calculated Expansion And Innovative Projects Poised To Boost Future Profitability
ONGC aims to boost oil and gas production through new wells and projects, potentially increasing revenues and profitability amid high market prices.Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ONGC's dividend payments have been volatile in the past 10 years.
Growing Dividend: ONGC's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Oil and Natural Gas Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ONGC) | 5.4% |
| Market Bottom 25% (IN) | 0.3% |
| Market Top 25% (IN) | 1.5% |
| Industry Average (Oil and Gas) | 2.5% |
| Analyst forecast (ONGC) (up to 3 years) | 6.5% |
Notable Dividend: ONGC's dividend (5.42%) is higher than the bottom 25% of dividend payers in the Indian market (0.29%).
High Dividend: ONGC's dividend (5.42%) is in the top 25% of dividend payers in the Indian market (1.46%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (40.2%), ONGC's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (28.4%), ONGC's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/23 16:05 |
| End of Day Share Price | 2026/06/23 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Oil and Natural Gas Corporation Limited is covered by 58 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Siddharth Chauhan | 360 ONE Capital Market Private Limited |
| Vivekanand Subbaraman | Ambit Capital |
| Nitin Bhasin | Ambit Capital |