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Oil and Natural Gas Corporation Limited

NSEI:ONGC Stock Report

Market Cap: ₹3.1t

Oil and Natural Gas (ONGC) Stock Overview

Engages in the exploration, development, and production of crude oil and natural gas in India and internationally. More details

ONGC fundamental analysis
Snowflake Score
Valuation5/6
Future Growth1/6
Past Performance2/6
Financial Health4/6
Dividends5/6

Rewards

Trading at 34.5% below our estimate of its fair value

Earnings are forecast to grow 11.77% per year

Trading at good value compared to peers and industry

Risk Analysis

Profit margins (5.5%) are lower than last year (8.3%)

Unstable dividend track record


ONGC Community Fair Values

Create Narrative

See what 87 others think this stock is worth. Follow their fair value or set your own to get alerts.

ONGC logo
Oil and Natural Gas
AN
AnalystLowTarget
Consensus Narrative from 29 Analysts

Oil Demand Decline Will Erode Future Revenues Despite Renewables

Key Takeaways Declining oil demand, tighter climate regulations, and rising renewable adoption threaten ONGC's core revenue, profitability, and future growth. Aging reserves, higher exploration costs, and tougher financing conditions create persistent risks for production, earnings stability, and investment.
View narrative
₹205.00
FV
18.6% overvalued intrinsic discount
-3.05%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
2users have followed this narrative
8 days ago author updated this narrative
ONGC logo
Oil and Natural Gas
AN
AnalystConsensusTarget
Consensus Narrative from 29 Analysts

BP Partnership And Renewables Focus Will Boost Future Production

Key Takeaways ONGC's collaboration with global partners and CapEx on reserves are expected to increase production and improve earnings. Expanding renewables and removing gas duties could diversify revenue and enhance long-term earnings.
View narrative
₹278.76
FV
12.8% undervalued intrinsic discount
1.53%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
54users have followed this narrative
about 14 hours ago author updated this narrative
ONGC logo
Oil and Natural Gas
AN
AnalystHighTarget
Consensus Narrative from 29 Analysts

Secular Trends Will Drive Deep-Water And LNG Potential

Key Takeaways Accelerated field ramp-ups, cost reductions, and premium gas leverage position ONGC for sustained margin and earnings outperformance versus current market expectations. Strategic investments in downstream, logistics, and LNG unlock diversified, premium revenues, supporting higher valuation multiples and resilience amid shifting global energy dynamics.
View narrative
₹360.00
FV
32.5% undervalued intrinsic discount
5.69%
Revenue growth p.a.
0users have liked this narrative
0users have commented on this narrative
1users have followed this narrative
8 days ago author updated this narrative
View Oil and Natural Gas Community

Oil and Natural Gas Corporation Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Oil and Natural Gas
Historical stock prices
Current Share Price₹243.09
52 Week High₹345.00
52 Week Low₹205.00
Beta0.33
1 Month Change-0.65%
3 Month Change5.52%
1 Year Change-20.23%
3 Year Change91.18%
5 Year Change219.23%
Change since IPO355.79%

Recent News & Updates

Returns At Oil and Natural Gas (NSE:ONGC) Are On The Way Up

Jun 14
Returns At Oil and Natural Gas (NSE:ONGC) Are On The Way Up

There Is A Reason Oil and Natural Gas Corporation Limited's (NSE:ONGC) Price Is Undemanding

May 23
There Is A Reason Oil and Natural Gas Corporation Limited's (NSE:ONGC) Price Is Undemanding

Recent updates

Returns At Oil and Natural Gas (NSE:ONGC) Are On The Way Up

Jun 14
Returns At Oil and Natural Gas (NSE:ONGC) Are On The Way Up

There Is A Reason Oil and Natural Gas Corporation Limited's (NSE:ONGC) Price Is Undemanding

May 23
There Is A Reason Oil and Natural Gas Corporation Limited's (NSE:ONGC) Price Is Undemanding

These 4 Measures Indicate That Oil and Natural Gas (NSE:ONGC) Is Using Debt Extensively

Mar 17
These 4 Measures Indicate That Oil and Natural Gas (NSE:ONGC) Is Using Debt Extensively

Is There An Opportunity With Oil and Natural Gas Corporation Limited's (NSE:ONGC) 22% Undervaluation?

Feb 24
Is There An Opportunity With Oil and Natural Gas Corporation Limited's (NSE:ONGC) 22% Undervaluation?

Slowing Rates Of Return At Oil and Natural Gas (NSE:ONGC) Leave Little Room For Excitement

Dec 24
Slowing Rates Of Return At Oil and Natural Gas (NSE:ONGC) Leave Little Room For Excitement

Is Oil and Natural Gas (NSE:ONGC) Using Too Much Debt?

Dec 03
Is Oil and Natural Gas (NSE:ONGC) Using Too Much Debt?
author-image

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.

Oil and Natural Gas (NSE:ONGC) Will Pay A Larger Dividend Than Last Year At ₹6.00

Nov 14
Oil and Natural Gas (NSE:ONGC) Will Pay A Larger Dividend Than Last Year At ₹6.00

Lacklustre Performance Is Driving Oil and Natural Gas Corporation Limited's (NSE:ONGC) Low P/E

Nov 11
Lacklustre Performance Is Driving Oil and Natural Gas Corporation Limited's (NSE:ONGC) Low P/E

Oil and Natural Gas (NSE:ONGC) Is Due To Pay A Dividend Of ₹2.50

Aug 09
Oil and Natural Gas (NSE:ONGC) Is Due To Pay A Dividend Of ₹2.50

Shareholder Returns

ONGCIN Oil and GasIN Market
7D-0.4%0.6%0.06%
1Y-20.2%-7.3%-1.2%

Return vs Industry: ONGC underperformed the Indian Oil and Gas industry which returned -7.3% over the past year.

Return vs Market: ONGC underperformed the Indian Market which returned -1.2% over the past year.

Price Volatility

Is ONGC's price volatile compared to industry and market?
ONGC volatility
ONGC Average Weekly Movement3.2%
Oil and Gas Industry Average Movement5.1%
Market Average Movement5.8%
10% most volatile stocks in IN Market8.5%
10% least volatile stocks in IN Market3.9%

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 (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199325,847Arun Singhwww.ongcindia.com

Oil and Natural Gas Corporation Limited, together with its subsidiaries, engages in the exploration, development, and production of crude oil and natural gas in India and internationally. It operates through Exploration and Production, and Refining & Marketing segments. The company also engages in the refining and marketing of petroleum products; transportation of oil and natural gas; and production of liquefied petroleum gas, naphtha, ethane/propane, butane, kerosene oil, low sulphur heavy stock, aviation turbine fuel, mineral turpentine oil, carbon credits, and diesel.

Oil and Natural Gas Corporation Limited Fundamentals Summary

How do Oil and Natural Gas's earnings and revenue compare to its market cap?
ONGC fundamental statistics
Market cap₹3.06t
Earnings (TTM)₹362.26b
Revenue (TTM)₹6.63t
8.4x
P/E Ratio
0.5x
P/S Ratio

Is ONGC overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
ONGC income statement (TTM)
Revenue₹6.63t
Cost of Revenue₹4.27t
Gross Profit₹2.37t
Other Expenses₹2.00t
Earnings₹362.26b

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)28.80
Gross Margin35.69%
Net Profit Margin5.46%
Debt/Equity Ratio41.0%

How did ONGC perform over the long term?

See historical performance and comparison

Dividends

5.0%
Current Dividend Yield
43%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/10 11:35
End of Day Share Price 2025/07/10 00:00
Earnings2025/03/31
Annual Earnings2025/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 74 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Vivekanand SubbaramanAmbit Capital
Nitin BhasinAmbit Capital
null nullAnand Rathi Shares and Stock Brokers Limited