Oil and Natural Gas Corporation Limited
NSEI:ONGC Stock Report
Oil and Natural Gas Future Growth
Future criteria checks 1/6 Oil and Natural Gas is forecast to grow earnings and revenue by 11% and 3.7% per annum respectively. EPS is expected to grow by 10.9% per annum. Return on equity is forecast to be 13.9% in 3 years.
Key information
11.0%
Earnings growth rate
Oil and Gas earnings growth 12.8% Revenue growth rate 3.7% Future return on equity 13.9% Analyst coverage Good
Last updated 12 Nov 2024
Recent future growth updates
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Second quarter 2025 earnings: EPS and revenues miss analyst expectations Nov 12
Lacklustre Performance Is Driving Oil and Natural Gas Corporation Limited's (NSE:ONGC) Low P/E Nov 11
Oil and Natural Gas Corporation Limited to Report Q2, 2025 Results on Nov 11, 2024 Oct 29
Oil and Natural Gas Corporation Limited Declares Final Dividend for the Fiscal Year 2024 Aug 31
Upcoming dividend of ₹2.50 per share Aug 16
JSW Neo, Sembcorp, ONGC Reportedly Shortlisted to Acquire NIIF Backed Ayana in $800 Million Deal Aug 15
Oil and Natural Gas (NSE:ONGC) Is Due To Pay A Dividend Of ₹2.50 Aug 09
Oil and Natural Gas Corporation Limited, Annual General Meeting, Aug 30, 2024 Aug 08
Dividend increased to ₹2.50 Aug 08
Oil and Natural Gas Corporation Limited, Annual General Meeting, Aug 30, 2024 Aug 07
First quarter 2025 earnings released: EPS: ₹7.90 (vs ₹11.23 in 1Q 2024) Aug 06
Oil and Natural Gas Corporation Limited to Report Q1, 2025 Results on Aug 05, 2024 Jul 22 Oil and Natural Gas Corporation Limited Appoints Shri Vivek Chandrakant Tongaonkar as Director (Finance)
Price target increased by 7.8% to ₹286 Jun 15
Investor sentiment improves as stock rises 16% Jun 11 JSW, Torrent, Masdar Among Suitors for Enel's India Assets Jun 10
Oil and Natural Gas Corporation Limited (NSE:ONGC) Full-Year Results: Here's What Analysts Are Forecasting For This Year May 23
Full year 2024 earnings: EPS in line with analyst expectations despite revenue beat May 21
ONGC, NTPC Green Reportedly Mull Joint Bid for NIIF-Owned Ayana Renewable Power May 17
Oil and Natural Gas Corporation Limited to Report Q4, 2024 Results on May 20, 2024 May 10
Oil and Natural Gas' (NSE:ONGC) Returns Have Hit A Wall Apr 09
Calculating The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC) Mar 19
Dividend of ₹4.00 announced Feb 14
Price target increased by 8.8% to ₹238 Feb 13
Oil and Natural Gas Corporation Limited Announces Appointment of K. C. Ramesh as CFO Feb 13
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Feb 11 Oil and Natural Gas Corporation Limited Announces Directorate Changes
Oil and Natural Gas Corporation Limited to Report Q3, 2024 Results on Feb 13, 2024 Jan 24
ONGC Limited Announces Commencement of First Oil Production from the Deep-Water KG-DWN-98/2 Block Jan 08
Oil and Natural Gas (NSE:ONGC) Is Doing The Right Things To Multiply Its Share Price Dec 27
A Look At The Intrinsic Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC) Dec 06
Oil and Natural Gas Corporation Limited Announces Change in Management Dec 01
Second quarter 2024 earnings released Nov 14
Upcoming dividend of ₹5.75 per share at 5.7% yield Nov 14
Oil and Natural Gas' (NSE:ONGC) Dividend Will Be Reduced To ₹5.75 Nov 13
Oil and Natural Gas Corporation Limited Declares Interim Dividend for the Financial Year 2023-24, Payable on or Before December 10, 2023 Nov 12
Oil and Natural Gas Corporation Limited Announces Management Changes Nov 02
Oil and Natural Gas Corporation Limited to Report Q2, 2024 Results on Nov 10, 2023 Oct 31
There's Been No Shortage Of Growth Recently For Oil and Natural Gas' (NSE:ONGC) Returns On Capital Sep 18
Oil and Natural Gas Corporation Limited Declares Final Dividend for the Financial Year 2022-23 Aug 30 ONGC, Four Others Reportedly Vie for Fortum Projects Aug 18
Upcoming dividend of ₹0.50 per share at 6.3% yield Aug 11
Oil and Natural Gas' (NSE:ONGC) Dividend Will Be Reduced To ₹0.50 Aug 10
New minor risk - Earnings quality Aug 08
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind Aug 08 Oil and Natural Gas Corporation Limited, Annual General Meeting, Aug 29, 2023 Oil and Natural Gas Corporation Limited to Report Q1, 2024 Results on Aug 11, 2023
Now 21% undervalued Jul 17
Here's Why Oil and Natural Gas (NSE:ONGC) Has A Meaningful Debt Burden Jul 09
A Look At The Intrinsic Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC) Jun 18
There's Been No Shortage Of Growth Recently For Oil and Natural Gas' (NSE:ONGC) Returns On Capital May 28
Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind May 27
Oil and Natural Gas Corporation Limited Announces Recommendation of Final Dividend for the Financial Year 2022-23 May 27
Oil Ministry Working on Proposal to Merge MRPL with HPCL May 25
Oil and Natural Gas Corporation Limited to Report Q4, 2023 Results on May 26, 2023 May 13
Oil and Natural Gas Corporation Limited Announces the Appointment of Shri Manish Patil as Director (Human Resources) May 06
A Look At The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC) Mar 18
Upcoming dividend of ₹4.00 per share at 6.4% yield Feb 17
Oil and Natural Gas (NSE:ONGC) Will Pay A Larger Dividend Than Last Year At ₹4.00 Feb 17
Third quarter 2023 earnings: EPS and revenues exceed analyst expectations Feb 16
Oil and Natural Gas Corporation Limited Declares Second Interim Dividend for the Financial Year 2022-23, Payable on March 16, 2023 Feb 15
Oil and Natural Gas Corporation Limited to Report Q3, 2023 Results on Feb 14, 2023 Feb 04
Oil and Natural Gas (NSE:ONGC) Has A Somewhat Strained Balance Sheet Jan 30
Oil and Natural Gas Corporation Limited Appoints Arun Kumar Singh as Chief Executive Officer Jan 26
Oil and Natural Gas Corporation Limited Starts Sagar Samrat Oil and Gas Production in Arabian Sea Jan 03 ONGC Appoints Arun Kumar Singh as Managing Director
Oil and Natural Gas (NSE:ONGC) Is Increasing Its Dividend To ₹6.75 Nov 21
Oil and Natural Gas Corporation Limited Announces Intimation Regarding Additional Charge of Director (HR) Nov 17
Oil and Natural Gas Corporation Limited Declares Interim Dividend, Payable or Before December 13, 2022 Nov 16
High number of new and inexperienced directors Nov 16
ONGC Reportedly Applies to Retain 20% Stake in Russia's Sakhalin-1 Oil and Gas Project Nov 08
Is There An Opportunity With Oil and Natural Gas Corporation Limited's (NSE:ONGC) 44% Undervaluation? Oct 31
ONGC Reportedly Eyes Stake in Russian Entity Managing Sakhalin 1 Oct 18
Oil and Natural Gas Corporation Limited Announces Board Changes Sep 24
ONGC-Indian Oil, GAIL and MCPI Reportedly Submit Bids for JBF Petro Sep 02
Oil and Natural Gas Corporation Limited Announces Board Changes Sep 01
Oil and Natural Gas Corporation Limited Approves Final Dividend for the Financial Year 2021-22 Aug 31
ONGC, Indian Oil to Make Joint Bid for JBF Petrochemicals Aug 23
Upcoming dividend of ₹3.25 per share Aug 11
Full year 2022 earnings: EPS and revenues exceed analyst expectations Aug 08
Oil and Natural Gas Corporation Limited, Annual General Meeting, Aug 29, 2022 Aug 07
Earnings and Revenue Growth Forecasts NSEI:ONGC - Analysts future estimates and past financials data (INR Millions) Date Revenue Earnings Free Cash Flow Cash from Op Avg. No. Analysts 3/31/2027 6,722,001 554,796 376,619 965,431 10 3/31/2026 6,477,754 527,940 443,358 964,488 14 3/31/2025 6,510,919 492,590 331,414 857,986 9 9/30/2024 6,041,240 410,935 284,330 833,539 N/A 6/30/2024 6,457,902 445,134 N/A N/A N/A 3/31/2024 5,914,471 492,214 473,611 992,627 N/A 12/31/2023 5,878,298 419,399 N/A N/A N/A 9/30/2023 5,914,734 430,725 594,026 1,128,774 N/A 6/30/2023 6,132,558 376,377 N/A N/A N/A 3/31/2023 6,323,260 367,093 351,318 860,621 N/A 12/31/2022 6,361,888 422,753 N/A N/A N/A 9/30/2022 6,126,491 417,179 238,173 680,958 N/A 6/30/2022 5,660,587 514,735 N/A N/A N/A 3/31/2022 4,913,005 455,221 337,217 782,482 N/A 12/31/2021 4,334,476 443,760 N/A N/A N/A 9/30/2021 3,880,509 359,625 131,638 554,310 N/A 6/30/2021 4,062,119 221,180 N/A N/A N/A 3/31/2021 3,038,922 163,044 42,009 471,852 N/A 12/31/2020 3,226,197 9,061 N/A N/A N/A 9/30/2020 3,317,969 32,420 110,030 646,207 N/A 6/30/2020 3,779,517 42,559 N/A N/A N/A 3/31/2020 3,967,626 108,036 156,081 705,930 N/A 12/31/2019 4,007,536 214,270 N/A N/A N/A 9/30/2019 4,086,160 259,063 147,985 603,655 N/A 6/30/2019 4,205,330 289,014 N/A N/A N/A 3/31/2019 4,216,259 305,460 186,654 614,576 N/A 3/31/2018 3,227,058 221,059 N/A 567,921 N/A 3/31/2017 2,825,061 244,193 N/A 457,805 N/A 3/31/2016 1,240,742 128,752 N/A 462,925 N/A 3/31/2015 1,612,117 183,335 N/A 339,504 N/A 3/31/2014 1,744,771 265,065 N/A 532,704 N/A
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Analyst Future Growth Forecasts
Earnings vs Savings Rate: ONGC's forecast earnings growth (11% per year) is above the savings rate (6.7%).
Earnings vs Market: ONGC's earnings (11% per year) are forecast to grow slower than the Indian market (17.9% per year).
High Growth Earnings: ONGC's earnings are forecast to grow, but not significantly .
Revenue vs Market: ONGC's revenue (3.7% per year) is forecast to grow slower than the Indian market (10.5% per year).
High Growth Revenue: ONGC's revenue (3.7% 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 (13.9%).
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