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Oil and Natural Gas Corporation Limited

Oil and Natural Gas Corporation Limited

ONGC.BO
Oil and Natural Gas Corporation LimitedIN flagBombay Stock Exchange
243.65
INR
-3.35
- -
3.07TMarket Cap
Oil and Natural Gas Corporation Limited
ONGC.BO
(Bombay Stock Exchange)

Recent

price

243.65

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
91.65
114.4
126.08
135.25
124.37
96.06
218.27
250.21
327.57
313.76
240.23
388.94
500.39
475.86
527.3
526.45
526.44
Revenue per Share
17.79
21.93
18.87
20.65
14.29
10.03
19.03
17.23
23.85
8.59
12.96
36.19
29.18
39.06
28.8
32.93
32.93
Basic EPS, GAAP
11.12
5.11
-1.87
-6.46
-1.16
12.6
7.36
9.23
14.57
12.41
3.34
26.81
27.93
37.14
27.97
46.69
- -
Free Cash Flow per Basic Share
7.9
5.74
7.4
6.5
6.17
3.83
11.96
7.4
7.88
6.6
2.46
10.27
14
10.25
13.5
13.5
- -
Dividend per Share
3.33
3.33
3.33
3.33
12.85
11.16
19.39
19.87
20.89
17.12
24.56
28.64
28.32
35.26
28.76
5
5
Book Value per Share
84.28
101.87
112.65
110.18
124.48
132.45
138.68
147.22
157.41
150.96
166.57
215
226.56
274.09
286.22
313.42
313.41
Tangible Book Value per Share
12,833
12,833
12,833
12,833
12,833
12,833
12,833
12,833
12,807
12,580
12,580
12,580
12,580
12,580
12,578
12,580
12,580
Basic Weighted Avg Shares
1,176,151
1,468,169
1,617,983
1,735,695
1,596,084
1,232,771
2,801,148
3,211,022
4,195,139
3,947,132
3,022,162
4,893,011
6,295,101
5,986,442
6,632,606
6,622,473
6,622,473
Sales/Revenue/Turnover
26.46
34.15
28.53
25.53
23.7
25.17
12.82
12.86
15.17
10.81
10.87
12.48
10.69
12.87
17.28
20.24
20.24
Operating Margin (%)
113,528
131,865
120,942
165,809
180,330
163,841
202,192
230,887
219,330
249,484
248,997
260,190
258,877
315,149
352,060
373,907
- -
Depreciation Expense
228,250
281,436
242,196
265,065
183,335
128,752
244,192
221,059
305,460
108,036
163,044
455,221
367,093
491,439
362,256
414,244
414,244
Net Income, GAAP
33.49
33.58
34.71
32.38
35.43
34.66
30.08
33.51
38.12
39.58
29.1
8.87
23.91
24.93
26.85
26.37
26.37
Effective Tax Rate (%)
19.41
19.17
14.97
15.27
11.49
10.44
8.72
6.88
7.28
2.74
5.39
9.3
5.83
8.21
5.46
6.26
6.26
Profit Margin (%)
198,071
107,615
69,544
-41,028
74,312
69,011
-448,069
-445,367
-478,035
-443,631
-301,454
-213,756
-177,674
-291,267
-320,455
-269,492
-269,492
Working Capital
62,912
51,705
88,292
316,809
393,158
401,147
502,113
550,080
527,733
809,464
946,198
972,594
1,335,616
1,225,468
1,228,589
1,164,042
1,164,042
LT Debt
1,173,291
1,386,631
1,544,742
1,750,635
1,912,552
2,004,655
2,076,772
2,196,249
2,337,784
2,235,103
2,425,968
2,841,867
2,995,934
3,596,243
3,742,351
4,096,933
4,096,933
Total Equity
17.8
23.94
18.29
15.01
10.6
8.37
9.4
8.96
11.87
7.4
6.26
14.08
11.6
11.27
15.07
17.22
17.22
Return on Invested Capital (%)
137.12
159.25
100.03
64.11
32.88
22.44
24.25
15.42
20.13
7.93
7.86
24.54
21.86
21.44
17.52
18.02
18.02
Return on Capital (%)
252.85
657.91
566.18
619.64
176.58
83.59
124.56
87.75
116.92
44.74
62.19
136.04
102.46
122.87
89.97
195.12
195.12
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
609,924
- -
579,123
LT Borrowings
924,739
- -
938,229
LT Finance Leases
225,514
- -
225,813
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
12,580
- -
12,580
Market Capitalization
3,012,224
3,021,848
3,580,188

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,449,611
- -
1,419,394
Cash, Cash Equivalents & STI
587,312
- -
451,536
Accounts Receivable, Net
210,374
- -
220,145
Inventories
554,607
- -
649,183
Total Current Liabilities
1,658,800
- -
1,688,886
Payables & Accruals
- -
- -
- -
ST Debt
609,924
- -
579,123
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.61%
11.23%
9.47%
Free Cash Flow
73.4%
156.43%
66.93%
Net Income, GAAP
28.64%
36.35%
14.35%
Sales/Revenue/Turnover
23.95%
19.26%
-0.15%
Total Cash Common Dividend
45.84%
71.71%
-0.03%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,638,236
1,476,137
1,673,566
1,122,441
5,986,442
2025
1,689,680
1,593,310
1,672,126
1,677,490
6,632,606
2026
1,631,081
1,579,111
1,674,229
1,738,052
6,622,473

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11.64
10.89
8.51
- -
39.06
2025
7.93
8.13
6.83
5.91
28.8
2026
7.79
8.58
7.96
8.6
32.93

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10.25
2025
- -
- -
- -
- -
13.5
2026
- -
- -
- -
- -
13.5
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Business
Oil and Natural Gas Corporation Limited (ONGC) is India's largest government-owned oil and gas explorer and producer, contributing approximately 70% of the country's domestic crude oil production and 84% of its natural gas output. Founded on August 14, 1956, and headquartered in New Delhi, the Maharatna public sector undertaking operates across 26 sedimentary basins in India through its exploration and production segment, as well as refining and marketing activities; it explores and produces crude oil, natural gas, coal bed methane, shale gas and oil from onshore and offshore fields; supplies value-added products including liquefied petroleum gas, naphtha, ethane/propane, butane, kerosene, low sulphur heavy stock, aviation turbine fuel, mineral turpentine oil, natural gas liquids, C2-C3 intermediates, and aromatic-rich hydrocarbons; manages over 11,000 kilometers of pipelines for transportation; and engages in petrochemicals and emerging renewable energy solutions. ONGC's international arm, ONGC Videsh Limited, holds participating interests in 32 oil and gas assets across 15 countries in regions such as Latin America, the Commonwealth of Independent States, Africa, the Middle East, and the Far East, while domestic subsidiaries and joint ventures include a 51.11% stake in Hindustan Petroleum Corporation Limited, Mangalore Refinery and Petrochemicals Limited, ONGC Petro Additions Limited, and the recently established ONGC Green joint venture with NTPC. In recent developments, ONGC approved a Rs 33 billion investment in March 2025 in ONGC Green to partially fund the acquisition of a 100% stake in Ayana Renewable Power, which operates approximately 4.1 GW of solar, wind, and energy storage assets, marking its first investment since the joint venture's formation in November 2024 and supporting net-zero ambitions by 2038; the company executed a landmark long-term ethane unloading, storage, and handling services agreement as the first Indian central public sector enterprise to do so; entered new partnerships including collaborations with ExxonMobil; and plans acquisitions of 2.5-3 GW renewable energy projects as stated in September 2025, alongside a Rs 1 trillion commitment by 2030 to expand renewables from 189 MW to 1 GW.