Oil and Natural Gas Corporation Limited

NSEI:ONGC Stock Report

Market Cap: ₹3.7t

Oil and Natural Gas Balance Sheet Health

Financial Health criteria checks 4/6

Oil and Natural Gas has a total shareholder equity of ₹3,650.9B and total debt of ₹1,531.8B, which brings its debt-to-equity ratio to 42%. Its total assets and total liabilities are ₹7,101.9B and ₹3,451.0B respectively. Oil and Natural Gas's EBIT is ₹640.7B making its interest coverage ratio 6. It has cash and short-term investments of ₹420.7B.

Key information

42.0%

Debt to equity ratio

₹1.53t

Debt

Interest coverage ratio6x
Cash₹420.70b
Equity₹3.65t
Total liabilities₹3.45t
Total assets₹7.10t

Recent financial health updates

Recent updates

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

Oil and Natural Gas Corporation Limited (NSE:ONGC) Full-Year Results: Here's What Analysts Are Forecasting For This Year

May 23
Oil and Natural Gas Corporation Limited (NSE:ONGC) Full-Year Results: Here's What Analysts Are Forecasting For This Year

Oil and Natural Gas' (NSE:ONGC) Returns Have Hit A Wall

Apr 09
Oil and Natural Gas' (NSE:ONGC) Returns Have Hit A Wall

Calculating The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Mar 19
Calculating The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Oil and Natural Gas (NSE:ONGC) Is Doing The Right Things To Multiply Its Share Price

Dec 27
Oil and Natural Gas (NSE:ONGC) Is Doing The Right Things To Multiply Its Share Price

A Look At The Intrinsic Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Dec 06
A Look At The Intrinsic Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Oil and Natural Gas' (NSE:ONGC) Dividend Will Be Reduced To ₹5.75

Nov 13
Oil and Natural Gas' (NSE:ONGC) Dividend Will Be Reduced To ₹5.75

There's Been No Shortage Of Growth Recently For Oil and Natural Gas' (NSE:ONGC) Returns On Capital

Sep 18
There's Been No Shortage Of Growth Recently For Oil and Natural Gas' (NSE:ONGC) Returns On Capital

Oil and Natural Gas' (NSE:ONGC) Dividend Will Be Reduced To ₹0.50

Aug 10
Oil and Natural Gas' (NSE:ONGC) Dividend Will Be Reduced To ₹0.50

Here's Why Oil and Natural Gas (NSE:ONGC) Has A Meaningful Debt Burden

Jul 09
Here's Why Oil and Natural Gas (NSE:ONGC) Has A Meaningful Debt Burden

A Look At The Intrinsic Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Jun 18
A Look At The Intrinsic Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

There's Been No Shortage Of Growth Recently For Oil and Natural Gas' (NSE:ONGC) Returns On Capital

May 28
There's Been No Shortage Of Growth Recently For Oil and Natural Gas' (NSE:ONGC) Returns On Capital

A Look At The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Mar 18
A Look At The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Oil and Natural Gas (NSE:ONGC) Will Pay A Larger Dividend Than Last Year At ₹4.00

Feb 17
Oil and Natural Gas (NSE:ONGC) Will Pay A Larger Dividend Than Last Year At ₹4.00

Oil and Natural Gas (NSE:ONGC) Has A Somewhat Strained Balance Sheet

Jan 30
Oil and Natural Gas (NSE:ONGC) Has A Somewhat Strained Balance Sheet

Oil and Natural Gas (NSE:ONGC) Is Increasing Its Dividend To ₹6.75

Nov 21
Oil and Natural Gas (NSE:ONGC) Is Increasing Its Dividend To ₹6.75

Is There An Opportunity With Oil and Natural Gas Corporation Limited's (NSE:ONGC) 44% Undervaluation?

Oct 31
Is There An Opportunity With Oil and Natural Gas Corporation Limited's (NSE:ONGC) 44% Undervaluation?

A Look At The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Aug 02
A Look At The Fair Value Of Oil and Natural Gas Corporation Limited (NSE:ONGC)

Financial Position Analysis

Short Term Liabilities: ONGC's short term assets (₹1,333.4B) do not cover its short term liabilities (₹1,512.8B).

Long Term Liabilities: ONGC's short term assets (₹1,333.4B) do not cover its long term liabilities (₹1,938.2B).


Debt to Equity History and Analysis

Debt Level: ONGC's net debt to equity ratio (30.4%) is considered satisfactory.

Reducing Debt: ONGC's debt to equity ratio has reduced from 45.6% to 42% over the past 5 years.

Debt Coverage: ONGC's debt is well covered by operating cash flow (64.8%).

Interest Coverage: ONGC's interest payments on its debt are well covered by EBIT (6x coverage).


Balance Sheet


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