| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 1/6 |
| Past Performance | 4/6 |
| Financial Health | 2/6 |
| Dividends | 4/6 |
ONGC Overview
Oil and Natural Gas Corporation Limited explores for, develops, and produces crude oil and natural gas in India and internationally.
Oil and Natural Gas Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹127.75 |
| 52 Week High | ₹64.10 |
| 52 Week Low | ₹131.25 |
| Beta | 1.06 |
| 1 Month Change | 12.85% |
| 3 Month Change | 6.24% |
| 1 Year Change | 71.94% |
| 3 Year Change | -29.19% |
| 5 Year Change | -26.45% |
| Change since IPO | 139.53% |
Recent News & Updates
Is Oil and Natural Gas (NSE:ONGC) A Risky Investment?
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Shareholder Returns
| ONGC | IN Oil and Gas | IN Market | |
|---|---|---|---|
| 7D | 4.6% | 0.8% | 2.0% |
| 1Y | 71.9% | 13.0% | 60.1% |
Return vs Industry: ONGC exceeded the Indian Oil and Gas industry which returned 13% over the past year.
Return vs Market: ONGC exceeded the Indian Market which returned 60.1% over the past year.
Price Volatility
| ONGC volatility | |
|---|---|
| ONGC Beta | 1.06 |
| Industry Beta | 0.99 |
| Market Beta | 1 |
Stable Share Price: ONGC is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: ONGC's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 28,479 | Subhash Kumar | https://www.ongcindia.com |
Oil and Natural Gas Corporation Limited explores for, develops, and produces crude oil and natural gas in India and internationally. It operates through two segments, Exploration and Production, and Refining & Marketing. The company also engages in the refining and marketing of petroleum products; transportation of oil and natural gas; and production of liquefied petroleum gas, ethane/propane, naphtha, superior kerosene oil, low sulphur high stock, aviation turbine fuel, mineral turpentine oil, and high speed diesel.
Valuation
Is Oil and Natural Gas undervalued compared to its fair value and its price relative to the market?
8.3%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ONGC (₹127.75) is trading below our estimate of fair value (₹139.28)
Significantly Below Fair Value: ONGC is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ONGC is good value based on its PE Ratio (7.3x) compared to the Indian Oil and Gas industry average (15.5x).
PE vs Market: ONGC is good value based on its PE Ratio (7.3x) compared to the Indian market (20.5x).
Price to Earnings Growth Ratio
PEG Ratio: ONGC is poor value based on its PEG Ratio (1x)
Price to Book Ratio
PB vs Industry: ONGC is good value based on its PB Ratio (0.7x) compared to the IN Oil and Gas industry average (1.5x).
Future Growth
How is Oil and Natural Gas forecast to perform in the next 1 to 3 years based on estimates from 19 analysts?
7.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ONGC's forecast earnings growth (7% per year) is above the savings rate (6.8%).
Earnings vs Market: ONGC's earnings (7% 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 (3.8% per year) is forecast to grow slower than the Indian market (12.6% per year).
High Growth Revenue: ONGC's revenue (3.8% 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 (11.5%).
Past Performance
How has Oil and Natural Gas performed over the past 5 years?
-24.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ONGC has high quality earnings.
Growing Profit Margin: ONGC's current net profit margins (5.4%) are higher than last year (1.1%).
Past Earnings Growth Analysis
Earnings Trend: ONGC's earnings have declined by 24.9% per year over the past 5 years.
Accelerating Growth: ONGC's earnings growth over the past year (419.7%) exceeds its 5-year average (-24.9% per year).
Earnings vs Industry: ONGC earnings growth over the past year (419.7%) exceeded the Oil and Gas industry 31.3%.
Return on Equity
High ROE: ONGC's Return on Equity (11.2%) is considered low.
Financial Health
How is Oil and Natural Gas's financial position?
Financial Position Analysis
Short Term Liabilities: ONGC's short term assets (₹931.8B) do not cover its short term liabilities (₹1,232.6B).
Long Term Liabilities: ONGC's short term assets (₹931.8B) do not cover its long term liabilities (₹1,774.0B).
Debt to Equity History and Analysis
Debt Level: ONGC's debt to equity ratio (51.1%) is considered high.
Reducing Debt: ONGC's debt to equity ratio has increased from 25.5% to 51.1% over the past 5 years.
Debt Coverage: ONGC's debt is well covered by operating cash flow (38.1%).
Interest Coverage: ONGC's interest payments on its debt are well covered by EBIT (6.3x coverage).
Balance Sheet
Dividend
What is Oil and Natural Gas's current dividend yield, its reliability and sustainability?
2.90%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ONGC's dividend (2.9%) is higher than the bottom 25% of dividend payers in the Indian market (0.34%).
High Dividend: ONGC's dividend (2.9%) is in the top 25% of dividend payers in the Indian market (1.44%)
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 low payout ratio (20.3%), 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 (34.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
1.3yrs
Average management tenure
CEO
Subhash Kumar (59 yo)
0.42
Tenure
₹6,130,000
Compensation
Mr. Subhash Kumar has been the Non-Executive Chairman at Mangalore Refinery and Petrochemicals Limited since April 5, 2021. Mr. Kumar has been the Chairman of ONGC Petro additions Limited since April 1, 20...
CEO Compensation Analysis
Compensation vs Market: Subhash's total compensation ($USD83.29K) is below average for companies of similar size in the Indian market ($USD1.19M).
Compensation vs Earnings: Subhash's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: ONGC's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.
Board Members
Experienced Board: ONGC's board of directors are not considered experienced ( 1.8 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.
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 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: ₹1.607t
- 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
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/09/17 15:34 |
| End of Day Share Price | 2021/09/17 00:00 |
| Earnings | 2021/06/30 |
| Annual Earnings | 2021/03/31 |
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.