Oil and Natural Gas (ONGC) Stock Overview
Engages in the exploration, development, production, and distribution of crude oil, natural gas, and value-added products in India and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 2/6 |
| Financial Health | 4/6 |
| Dividends | 5/6 |
ONGC Community Fair Values
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Analyst Price Targets
Oil and Natural Gas Corporation Limited Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹290.00 |
| 52 Week High | ₹307.50 |
| 52 Week Low | ₹228.61 |
| Beta | 0.19 |
| 1 Month Change | 1.83% |
| 3 Month Change | 5.21% |
| 1 Year Change | 18.74% |
| 3 Year Change | 77.10% |
| 5 Year Change | 158.12% |
| Change since IPO | 443.75% |
Recent News & Updates
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.Recent updates
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.Analysis Article • Jun 14
Returns At Oil and Natural Gas (NSE:ONGC) Are On The Way Up
What are the early trends we should look for to identify a stock that could multiply in value over the long term...
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.Shareholder Returns
| ONGC | IN Oil and Gas | IN Market | |
|---|---|---|---|
| 7D | -3.1% | 0.9% | 0.5% |
| 1Y | 18.7% | 0.09% | -0.5% |
Return vs Industry: ONGC exceeded the Indian Oil and Gas industry which returned 0.1% over the past year.
Return vs Market: ONGC exceeded the Indian Market which returned -0.5% over the past year.
Price Volatility
| ONGC volatility | |
|---|---|
| ONGC Average Weekly Movement | 3.6% |
| Oil and Gas Industry Average Movement | 6.6% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in IN Market | 10.1% |
| 10% least volatile stocks in IN Market | 4.8% |
Stable Share Price: ONGC has not had significant price volatility in the past 3 months compared to the Indian market.
Volatility Over Time: ONGC's weekly volatility (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1955 | 24,378 | Arun Singh | www.ongcindia.com |
Oil and Natural Gas Corporation Limited, together with its subsidiaries, engages in the exploration, development, production, and distribution of crude oil, natural gas, and value-added products in India and internationally. It operates through Exploration and Production, Refining & Marketing, and Petrochemicals segments. The company engages in the refining and marketing of petroleum products; liquefied natural gas supply; pipelines for transportation of petroleum products; SEZ development; helicopter services; and production of ethanol, sugar, petrochemicals, liquefied petroleum gas, naphtha, ethane, propane, butane, kerosene oil, low sulphur heavy stock, residual crude oil, mineral turpentine oil, aviation turbine fuel, and high speed diesel.
Oil and Natural Gas Corporation Limited Fundamentals Summary
| ONGC fundamental statistics | |
|---|---|
| Market cap | ₹3.65t |
| Earnings (TTM) | ₹380.36b |
| Revenue (TTM) | ₹6.56t |
9.6x
P/E Ratio0.6x
P/S RatioIs ONGC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| ONGC income statement (TTM) | |
|---|---|
| Revenue | ₹6.56t |
| Cost of Revenue | ₹5.28t |
| Gross Profit | ₹1.28t |
| Other Expenses | ₹900.91b |
| Earnings | ₹380.36b |
Last Reported Earnings
Dec 31, 2025
Next Earnings Date
May 26, 2026
| Earnings per share (EPS) | 30.23 |
| Gross Margin | 19.53% |
| Net Profit Margin | 5.80% |
| Debt/Equity Ratio | 43.8% |
How did ONGC perform over the long term?
See historical performance and comparisonDividends
4.7%
Current Dividend Yield45%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/24 08:04 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/03/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 69 analysts. 19 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 |
| null null | 360 ONE Capital Market Private Limited |
| Ashwin Mehta | Ambit Capital |