Executive Summary
Oil and Natural Gas Corporation Limited explores for, develops, and produces crude oil and natural gas in India and internationally. More Details
Rewards
Risk Analysis
Snowflake Analysis
Reasonable growth potential with mediocre balance sheet.
Similar Companies
Share Price & News
How has Oil and Natural Gas's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ONGC is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: ONGC's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
11.2%
ONGC
-1.0%
IN Oil and Gas
0.3%
IN Market
1 Year Return
-39.8%
ONGC
2.3%
IN Oil and Gas
7.0%
IN Market
Return vs Industry: ONGC underperformed the Indian Oil and Gas industry which returned 2.3% over the past year.
Return vs Market: ONGC underperformed the Indian Market which returned 7% over the past year.
Shareholder returns
| ONGC | Industry | Market | |
|---|---|---|---|
| 7 Day | 11.2% | -1.0% | 0.3% |
| 30 Day | 20.0% | -0.3% | 9.0% |
| 90 Day | -0.2% | -6.7% | 8.8% |
| 1 Year | -35.3%-39.8% | 6.1%2.3% | 8.9%7.0% |
| 3 Year | -48.9%-55.6% | 28.2%15.2% | 5.1%0.009% |
| 5 Year | -35.6%-47.6% | 110.7%73.3% | 51.8%40.4% |
Long-Term Price Volatility Vs. Market
How volatile is Oil and Natural Gas's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Would Shareholders Who Purchased Oil and Natural Gas'(NSE:ONGC) Stock Three Years Be Happy With The Share price Today?3 months ago | Simply Wall St
Is Oil and Natural Gas Corporation Limited (NSE:ONGC) Trading At A 37% Discount?3 months ago | Simply Wall St
Oil and Natural Gas Corporation Limited (NSE:ONGC) Shares Could Be 37% Below Their Intrinsic Value EstimateValuation
Is Oil and Natural Gas undervalued compared to its fair value and its price relative to the market?
31.12x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ONGC (₹80.2) is trading above our estimate of fair value (₹18.36)
Significantly Below Fair Value: ONGC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ONGC is poor value based on its PE Ratio (31.1x) compared to the IN Oil and Gas industry average (18.8x).
PE vs Market: ONGC is poor value based on its PE Ratio (31.1x) compared to the Indian market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: ONGC is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: ONGC is good value based on its PB Ratio (0.5x) compared to the IN Oil and Gas industry average (0.9x).
Next Steps
Future Growth
How is Oil and Natural Gas forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
37.6%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ONGC's forecast earnings growth (37.6% per year) is above the savings rate (7.2%).
Earnings vs Market: ONGC's earnings (37.6% per year) are forecast to grow faster than the Indian market (24.3% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ONGC's revenue (13% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: ONGC's revenue (13% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ONGC's Return on Equity is forecast to be low in 3 years time (7.8%).
Next Steps
Past Performance
How has Oil and Natural Gas performed over the past 5 years?
-10.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ONGC has a large one-off loss of ₹118.0B impacting its September 30 2020 financial results.
Growing Profit Margin: ONGC's current net profit margins (1%) are lower than last year (6.3%).
Past Earnings Growth Analysis
Earnings Trend: ONGC's earnings have declined by 10.6% per year over the past 5 years.
Accelerating Growth: ONGC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ONGC had negative earnings growth (-87.5%) over the past year, making it difficult to compare to the Oil and Gas industry average (-27.5%).
Return on Equity
High ROE: ONGC's Return on Equity (2.5%) is considered low.
Next Steps
Financial Health
How is Oil and Natural Gas's financial position?
Financial Position Analysis
Short Term Liabilities: ONGC's short term assets (₹859.3B) do not cover its short term liabilities (₹1,186.3B).
Long Term Liabilities: ONGC's short term assets (₹859.3B) do not cover its long term liabilities (₹1,591.3B).
Debt to Equity History and Analysis
Debt Level: ONGC's debt to equity ratio (38.9%) is considered satisfactory.
Reducing Debt: ONGC's debt to equity ratio has increased from 25% to 38.9% over the past 5 years.
Debt Coverage: ONGC's debt is well covered by operating cash flow (72.2%).
Interest Coverage: ONGC's interest payments on its debt are well covered by EBIT (56.7x coverage).
Balance Sheet
Next Steps
Dividend
What is Oil and Natural Gas's current dividend yield, its reliability and sustainability?
6.23%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ONGC's dividend (6.23%) is higher than the bottom 25% of dividend payers in the Indian market (0.54%).
High Dividend: ONGC's dividend (6.23%) is in the top 25% of dividend payers in the Indian market (2.19%)
Stability and Growth of Payments
Stable Dividend: ONGC's dividend payments have been volatile in the past 10 years.
Growing Dividend: ONGC's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (194%), ONGC's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ONGC's dividends in 3 years are forecast to be well covered by earnings (31.4% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.4yrs
Average management tenure
CEO
Shashi Shanker (59 yo)
no data
Tenure
₹8,560,000
Compensation
Mr. Shashi Shanker has been a Non-Executive Nominee Director of Petronet LNG Limited since October 17, 2017. He serves as the Chairman of the Board at ONGC Petro additions Limited since October 11, 2017. H...
CEO Compensation Analysis
Compensation vs Market: Shashi's total compensation ($USD116.02K) is below average for companies of similar size in the Indian market ($USD945.38K).
Compensation vs Earnings: Shashi's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | no data | ₹8.56m | 0.000040% ₹ 406.6k | |
| Director of Finance & Director | 2.17yrs | ₹6.23m | 0% ₹ 0 | |
| Director of Human Resources & Director | 2yrs | ₹7.60m | 0.000080% ₹ 813.2k | |
| Director of Offshore & Director | 2.75yrs | ₹8.01m | 0.000040% ₹ 406.6k | |
| Director of Exploration & Director | 1.25yrs | ₹5.49m | no data | |
| Chief of Corporate Finance and Group General Manager | no data | no data | no data | |
| Director of Technical & Field Services and Whole Time Director | 0.58yr | no data | no data | |
| Company Secretary | 3.83yrs | ₹4.87m | no data | |
| Chief Engineer of Production | no data | no data | no data | |
| Chief Manager of MM | no data | no data | no data | |
| Chief Engineer of Drilling | no data | no data | no data | |
| Additional Chief Medical Officer | no data | no data | no data |
2.4yrs
Average Tenure
59yo
Average Age
Experienced Management: ONGC's management team is considered experienced (2.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & MD | no data | ₹8.56m | 0.000040% ₹ 406.6k | |
| Director of Finance & Director | 2.17yrs | ₹6.23m | 0% ₹ 0 | |
| Director of Human Resources & Director | 2yrs | ₹7.60m | 0.000080% ₹ 813.2k | |
| Director of Offshore & Director | 2.75yrs | ₹8.01m | 0.000040% ₹ 406.6k | |
| Director of Exploration & Director | 1.25yrs | ₹5.49m | no data | |
| Director of Technical & Field Services and Whole Time Director | 0.58yr | no data | no data | |
| Director & Director of Onshore | 0.42yr | no data | no data | |
| Government Nominee Director | 0.67yr | no data | no data | |
| Government Nominee Director | 4.42yrs | no data | no data | |
| Independent Director | 1.33yrs | ₹520.00k | no data |
1.7yrs
Average Tenure
58yo
Average Age
Experienced Board: ONGC's board of directors are not considered experienced ( 1.7 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Oil and Natural Gas Corporation Limited's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Oil and Natural Gas Corporation Limited
- Ticker: ONGC
- Exchange: NSEI
- Founded: 1993
- Industry: Integrated Oil and Gas
- Sector: Energy
- Market Cap: ₹1.016t
- Shares outstanding: 12.58b
- Website: https://www.ongcindia.com
Number of Employees
Location
- Oil and Natural Gas Corporation Limited
- Deendayal Urja Bhawan
- Plot No. 5A- 5B, Nelson Mandela Road
- New Delhi
- Delhi
- 110070
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 500312 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | Aug 1995 |
| ONGC | NSEI (National Stock Exchange of India) | Yes | Equity Shares | IN | INR | Aug 1995 |
Biography
Oil and Natural Gas Corporation Limited explores for, develops, and produces crude oil and natural gas in India and internationally. It operates through Exploration and Production, and Refining & Marketing...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/11/26 12:05 |
| End of Day Share Price | 2020/11/26 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2020/03/31 |
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 here.