Executive Summary
Oil and Natural Gas Corporation Limited explores for, develops, and produces crude oil and natural gas in India and internationally.
Snowflake
Fundamentals
Solid track record established dividend payer.
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
Market Performance
7 Day Return
0.2%
ONGC
4.2%
IN Oil and Gas
2.4%
IN Market
1 Year Return
-10.0%
ONGC
18.6%
IN Oil and Gas
8.0%
IN Market
Return vs Industry: ONGC underperformed the Indian Oil and Gas industry which returned 18.6% over the past year.
Return vs Market: ONGC underperformed the Indian Market which returned 8% over the past year.
Shareholder returns
| ONGC | Industry | Market | |
|---|---|---|---|
| 7 Day | 0.2% | 4.2% | 2.4% |
| 30 Day | 4.1% | 12.0% | 2.5% |
| 90 Day | -1.4% | 9.9% | 3.6% |
| 1 Year | -5.6%-10.0% | 22.1%18.6% | 10.3%8.0% |
| 3 Year | -17.5%-26.6% | 50.5%34.9% | 22.3%16.0% |
| 5 Year | -35.0%-45.8% | 73.6%46.1% | 42.8%29.3% |
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
11 months ago | Simply Wall St
Why Dividend Hunters Love Oil and Natural Gas Corporation Limited (NSE:ONGC)11 months ago | Simply Wall St
A Holistic Look At Oil and Natural Gas Corporation Limited (NSE:ONGC)11 months ago | Simply Wall St
Do You Like Oil and Natural Gas Corporation Limited (NSE:ONGC) At This P/E Ratio?Valuation
Is Oil and Natural Gas undervalued compared to its fair value and its price relative to the market?
6.26x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: ONGC (₹141.9) is trading above our estimate of fair value (₹86.97)
Significantly Below Fair Value: ONGC is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: ONGC is good value based on its PE Ratio (6.3x) compared to the Oil and Gas industry average (10.8x).
PE vs Market: ONGC is good value based on its PE Ratio (6.3x) compared to the Indian market (13x).
Price to Earnings Growth Ratio
PEG Ratio: ONGC is poor value based on its PEG Ratio (12.8x)
Price to Book Ratio
PB vs Industry: ONGC is good value based on its PB Ratio (0.8x) compared to the IN Oil and Gas industry average (1.2x).
Next Steps
Future Growth
How is Oil and Natural Gas forecast to perform in the next 1 to 3 years based on estimates from 18 analysts?
0.5%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ONGC's forecast earnings growth (0.5% per year) is below the savings rate (7.6%).
Earnings vs Market: ONGC's earnings (0.5% per year) are forecast to grow slower than the Indian market (18.4% per year).
High Growth Earnings: ONGC's earnings are forecast to grow, but not significantly.
Revenue vs Market: ONGC's revenue (3.1% per year) is forecast to grow slower than the Indian market (11.3% per year).
High Growth Revenue: ONGC's revenue (3.1% 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 (11.9%).
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Past Performance
How has Oil and Natural Gas performed over the past 5 years?
14.5%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: ONGC's earnings have grown by 14.5% per year over the past 5 years.
Accelerating Growth: ONGC's earnings growth over the past year (19.4%) exceeds its 5-year average (14.5% per year).
Earnings vs Industry: ONGC earnings growth over the past year (19.4%) exceeded the Oil and Gas industry 10.6%.
Return on Equity
High ROE: ONGC's Return on Equity (13.4%) is considered low.
Return on Assets
ROA vs Industry: ONGC has a higher Return on Assets than the Oil and Gas industry average last year.
Return on Capital Employed
ROCE Improving: ONGC has significantly improved its Return on Capital Employed over the past 3 years.
Next Steps
Financial Health
How is Oil and Natural Gas's financial position?
Financial Position Analysis
Short Term Liabilities: ONGC's short term assets (₹900.8B) do not cover its short term liabilities (₹1,290.3B)
Long Term Liabilities: ONGC's short term assets (900.8B) do not cover its long term liabilities (1,304.2B)
Debt to Equity History and Analysis
Debt Level: ONGC's debt to equity ratio (45.3%) is considered high
Reducing Debt: ONGC's debt to equity ratio has increased from 28.1% to 45.3% over the past 5 years.
Debt Coverage: ONGC's debt is well covered by operating cash flow (57.2%).
Interest Coverage: ONGC's interest payments on its debt are well covered by EBIT (106.9x coverage).
Balance Sheet
Inventory Level: ONGC has a high level of physical assets or inventory.
Debt Coverage by Assets: ONGC's debt is not covered by short term assets (assets are 0.8x debt).
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Dividend
What is Oil and Natural Gas's current dividend yield, its reliability and sustainability?
4.93%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: ONGC's dividend (4.93%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).
High Dividend: ONGC's dividend (4.93%) is in the top 25% of dividend payers in the Indian market (2.41%)
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.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (30.9%), ONGC's dividend payments are 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 (33.8% payout ratio).
Next Steps
Management
What is the CEO of Oil and Natural Gas's salary, the management and board of directors tenure and is there insider trading?
1.6yrs
Average management tenure
CEO
Shashi Shanker (58yo)
0yrs
Tenure
₹10,120,000
Compensation
Mr. Shashi Shanker has been a Non-Executive 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. He serves ...
CEO Compensation Analysis
Compensation vs. Market: Insufficient data to establish whether Shashi's total compensation is reasonable compared to companies of similar size in the Indian market.
Compensation vs Earnings: Shashi's compensation has been consistent with company performance over the past year.
Management Age and Tenure
1.6yrs
Average Tenure
58yo
Average Age
Experienced Management: ONGC's management team is not considered experienced ( 1.6 years average tenure), which suggests a new team.
Board Age and Tenure
1.6yrs
Average Tenure
57.5yo
Average Age
Experienced Board: ONGC's board of directors are not considered experienced ( 1.6 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Management Team
M. E. Selvamm
Company Secretary & Compliance Officer
- Tenure: 2.8yrs
- Compensation: ₹4.87m
S. Dhandapani
Chief of Corporate Finance and Group General Manager
- Tenure: 0yrs
Lakhi Sah (66yo)
Chief Engineer of Production
- Tenure: 0yrs
Kamal Sharma (57yo)
Chief Manager of MM
- Tenure: 0yrs
Shashi Shanker (58yo)
Chairman
- Tenure: 0yrs
- Compensation: ₹10.12m
Subhash Kumar (57yo)
CFO, Director of Finance & Director
- Tenure: 1.1yrs
- Compensation: ₹6.85m
Rajesh Kakkar (58yo)
Director of Offshore & Director
- Tenure: 1.7yrs
- Compensation: ₹8.74m
Sanjay Moitra
Director of Onshore & Director
- Tenure: 1.5yrs
- Compensation: ₹8.74m
Alka Mittal (57yo)
Director of Human Resources & Director
- Tenure: 0.9yrs
- Compensation: ₹6.48m
Navin Pandey (59yo)
Director of Technical & Field Services and Additional Director
- Tenure: 1yrs
- Compensation: ₹7.25m
Board Members
Shashi Shanker (58yo)
Chairman
- Tenure: 0yrs
- Compensation: ₹10.12m
Shireesh Kedare (56yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: ₹900.00k
Kodundhirapully Padmanabhan (62yo)
Independent Director
- Tenure: 3.9yrs
- Compensation: ₹910.00k
Santrupt Misra (54yo)
Independent Director
- Tenure: 2.7yrs
- Compensation: ₹620.00k
Subhash Kumar (57yo)
CFO, Director of Finance & Director
- Tenure: 1.1yrs
- Compensation: ₹6.85m
Rajesh Kakkar (58yo)
Director of Offshore & Director
- Tenure: 1.7yrs
- Compensation: ₹8.74m
Sanjay Moitra
Director of Onshore & Director
- Tenure: 1.5yrs
- Compensation: ₹8.74m
Alka Mittal (57yo)
Director of Human Resources & Director
- Tenure: 0.9yrs
- Compensation: ₹6.48m
Navin Pandey (59yo)
Director of Technical & Field Services and Additional Director
- Tenure: 1yrs
- Compensation: ₹7.25m
Rajesh Srivastava
Director of Exploration & Director
- Tenure: 0.2yrs
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: ₹1.815t
- Shares outstanding: 12.58b
- Website: https://www.ongcindia.com
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 | 2019/10/23 12:43 |
| End of Day Share Price | 2019/10/23 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2019/03/31 |
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.