Oil & Natural Gas Corporation Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Attractively valued vs sector (P/E 6.6x vs industry 23.9x)
- Trading below book value (P/B 0.8x)
- Low debt relative to equity (D/E 0.5x)
- Regular dividends — yield 5.8%
- Near 52-week low — potential value zone (₹218)
Concerns
Today's Price Action
The stock closed at ₹224.89, unchanged from the previous session. Trading volume matched the 20‑day average at 68,07,923 shares, indicating a balanced participation level. With no price movement and consistent turnover, the market appears to be in a short‑term consolidation phase. Investors are waiting for macro‑level cues from oil price trends and upcoming earnings disclosures.
Valuation Snapshot
The current price‑earnings multiple stands at 6.55, markedly lower than the sector average, which is effectively zero due to many peers reporting losses. A price‑to‑book ratio below one and a return on equity of 11.6% suggest that the balance sheet is leveraged while earnings generation remains efficient. The valuation thus reflects a discount to peers.
Key Levels to Watch
The stock sits near the lower end of its 52‑week range, just above the ₹218 support and below the ₹308 ceiling. Open‑interest data signals that large‑sized traders have positioned near the ₹225‑230 band, implying that a break above this cluster could attract fresh buying, while a slip toward ₹218 may test resilience soon in markets.
Data Summary
The share price rests at ₹224.89 with zero percent change, matching the 20‑day average volume of 68,07,923 shares. Key metrics include a P/E of 6.55, P/B below one, and an ROE of 11.6%, while the 52‑week high and low stand at ₹308 and ₹218 respectively. The market capitalization remains, and the sector peers exhibit earnings performance.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,158 | ₹16.1L Cr | 21.6 | 1.73 | 8.91 | 10.3 | 0.45 |
| COALINDIA Coal India Limited | ₹392 | ₹2.4L Cr | 7.85 | 2.03 | 28.2 | 35 | 0.13 |
| IOC Indian Oil Corporation Limited | ₹130 | ₹1.8L Cr | 5.42 | 0.84 | 20.5 | 18.7 | 0.74 |
| BPCL Bharat Petroleum Corporation Limited | ₹287 | ₹1.2L Cr | 8.71 | 1.23 | 28.8 | 25.6 | 0.62 |
| GAIL GAIL (India) Limited | ₹165 | ₹1.1L Cr | 10.9 | 1.22 | 8.71 | 9.67 | 0.25 |
| OIL Oil India Limited | ₹448 | ₹73K Cr | 8.72 | 1.25 | 12.2 | 11.5 | 0.64 |
| HINDPETRO Hindustan Petroleum Corporation Limited | ₹347 | ₹72K Cr | 50.1 | 1.4 | 30.9 | 22.2 | 1.4 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
ONGC · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 58.89% | 58.89% | 58.89% | 58.89% | 58.89% | 58.89% |
| FII | 9.20% | 8.88% | 8.57% | 8.12% | 7.53% | 7.11% |
| DII | 18.73% | 18.88% | 18.75% | 19.04% | 19.40% | 19.93% |
| Public | 2.89% | 3.05% | 3.50% | 3.65% | 3.88% | 3.76% |
| Govt | 10.30% | 10.30% | 10.30% | 10.30% | 10.30% | 10.30% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026 and dividend
Dividend - Re 1 Per Share
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters
Interim Dividend - Rs 6.25 Per Share
Interim Dividend - Rs 6 Per Share
Dividend - Rs 1.25 Per Share
Interim Dividend - Rs 5 Per Share
Interim Dividend - Rs 6 Per Share
Record: 19 Nov 2024
Dividend - Rs 2.50 Per Share
Latest News
All newsONGC board meets, announces strategic decisions for energy growth
*ONGC board meets, announces strategic decisions for energy growth*. The board discussed key initiatives for expanding hydrocarbon exploration and production. No financial numbers disclosed, but strategic moves signal long-term direction. Final approvals may follow in coming weeks. 📊 *STOCKS:* $ONGC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #BoardMeeting
ONGC to announce Q2 results on November 5
*ONGC to announce Q2 results on November 5.* Traders will closely watch for revenue and profit numbers, with expectations of **₹15,000 crore** net profit amid rising crude prices. Key focus on production volumes and dividend outlook. Guidance on capex and reserves may influence medium-term sentiment. 📊 *STOCKS:* $ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Earnings
Oil prices hit $108 amid Iran war, threatening OMC earnings.
*Oil prices hit $108 amid Iran war, threatening OMC earnings.* Geopolitical tensions from the Iran conflict disrupted global oil supply, pushing prices to **$108** in the September quarter. This surge may pressure refining margins for oil marketing companies (OMCs) in Q2. Investors await earnings to assess impact on profitability. 📊 *STOCKS:* ONGC, IOC, HPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #OilPrices
Govt raises deepwater gas price to $9.89/MMBtu
*Govt raises deepwater gas price to $9.89/MMBtu*. This marks a significant policy shift, boosting revenues for deepwater gas producers. ONGC stands to gain as the primary operator. The new ceiling price is up from **$6.50/MMBtu**, enhancing project economics. 📊 *STOCKS:* $ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
ONGC discovers large gas reserve in Mahanadi Basin
*ONGC discovers large gas reserve in Mahanadi Basin.* This marks a significant domestic energy find, potentially reducing import dependency. The discovery could add **5–10 billion cubic feet** of recoverable gas, boosting ONGC’s production portfolio. Commercial viability and timeline await further assessment. 📊 *STOCKS:* ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #ONGC
Oil India, ONGC jump 3% as Brent crude stays above $100
*Oil India, ONGC jump 3% as Brent crude stays above $100*. Upstream firms gained after Brent crude sustained above **$100/barrel**, boosting profit outlook. Higher oil prices enhance revenue for producers like ONGC and Oil India. Strong commodity trends support continued outperformance in energy stocks. 📊 *STOCKS:* $OIL $ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
ONGC to invest ₹1 lakh crore in deepwater oil exploration
*ONGC to invest ₹1 lakh crore in deepwater oil exploration*. The ambitious plan aims to significantly boost domestic crude oil and natural gas production over the next decade. The move underscores a strategic shift towards self-reliance in energy, reducing import dependence. Deepwater projects could add **5-6 million metric tonnes** of annual output by 2030. 📊 *STOCKS:* $ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
India imports over 50% of oil from Russia
*India imports over 50% of its oil from Russia.* This shift has led to **over 50%** of crude oil imports coming from Russia, up from minimal levels pre-2022. The cost-effective sourcing is benefiting public sector oil companies and refining margins. Geopolitical tensions and Western sanctions have not deterred Indian refiners from leveraging discounted Russian crude. 📊 *STOCKS:* ONGC, IOCL, HPCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
India regains stake in Russia’s Sakhalin-1 oil project
*India regains stake in Russia’s Sakhalin-1 oil project* after complex negotiations. The country now reclaims operatorship rights, boosting energy security. This move follows India’s earlier acquisition of a **2.5% stake** in the project for **$150 million**. Strategic gains may enhance future hydrocarbon imports from Russia. 📊 *STOCKS:* ONGC, OIL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
ONGC profit surges on high crude prices
*ONGC profit surges on high crude prices.* Revenue rose **32% YoY** with net profit at **₹12,450 crore** in Q4, driven by elevated global crude prices. Strong operating margins in exploration and production boosted bottomline. Government dividend expectations may rise. 📊 *STOCKS:* ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Earnings
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1.7L Cr 6.0% | ₹1.6L Cr 3.2% | ₹1.6L Cr 2.8% | ₹1.7L Cr 0.3% | ₹1.7L Cr 4.9% | ₹1.6L Cr 5.7% | ₹1.7L Cr 1.8% | ₹1.7L Cr |
| Op. Profit | ₹25.3K Cr 4.5% | ₹26.5K Cr 2.9% | ₹25.8K Cr 18.4% | ₹21.8K Cr 10.6% | ₹24.4K Cr 18.4% | ₹20.6K Cr 5.6% | ₹21.8K Cr 6.2% | ₹23.2K Cr |
| OPM | 15.0% 11.8% | 17.0% 6.3% | 16.0% 23.1% | 13.0% 13.3% | 15.0% 15.4% | 13.0% 0.0% | 13.0% 0.0% | 13.0% |
| Net Profit | ₹11.9K Cr 5.3% | ₹12.6K Cr 9.2% | ₹11.6K Cr 28.9% | ₹9.0K Cr 8.0% | ₹9.7K Cr 1.0% | ₹9.8K Cr 0.7% | ₹9.8K Cr 11.9% | ₹11.1K Cr |
| EPS (₹) | 7.96 7.1% | 8.57 10.0% | 7.79 31.8% | 5.91 13.3% | 6.82 16.2% | 8.14 2.6% | 7.93 0.5% | 7.97 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹6.1L Cr 0.6% | ₹6.1L Cr 1.7% | ₹6.0L Cr 4.9% | ₹6.3L Cr 28.7% | ₹4.9L Cr 61.7% | ₹3.0L Cr 23.4% | ₹4.0L Cr 5.9% | ₹4.2L Cr 30.7% | ₹3.2L Cr 14.2% | ₹2.8L Cr |
| Expenses | ₹5.1L Cr 3.4% | ₹5.2L Cr 4.8% | ₹5.0L Cr 10.3% | ₹5.6L Cr 35.3% | ₹4.1L Cr 61.7% | ₹2.5L Cr 26.2% | ₹3.4L Cr 0.6% | ₹3.5L Cr 30.5% | ₹2.7L Cr 15.7% | ₹2.3L Cr |
| Op. Profit | ₹1.0L Cr 16.1% | ₹88.9K Cr 13.2% | ₹1.0L Cr 35.6% | ₹75.5K Cr 5.4% | ₹79.9K Cr 61.4% | ₹49.5K Cr 5.1% | ₹52.1K Cr 30.4% | ₹74.8K Cr 31.5% | ₹56.9K Cr 7.7% | ₹52.8K Cr |
| OPM | 17.0% 13.3% | 15.0% 11.8% | 17.0% 41.7% | 12.0% 25.0% | 16.0% 0.0% | 16.0% 23.1% | 13.0% 27.8% | 18.0% 0.0% | 18.0% 5.3% | 19.0% |
| Other Income | ₹14.9K Cr 12.4% | ₹13.3K Cr 9.7% | ₹14.7K Cr 49140.0% | ₹-30 Cr 100.4% | ₹6.8K Cr 39.7% | ₹11.3K Cr 1047.8% | ₹982 Cr 89.7% | ₹9.6K Cr 8.3% | ₹10.4K Cr 18.0% | ₹12.7K Cr |
| Interest | ₹13.0K Cr 10.4% | ₹14.5K Cr 11.6% | ₹13.0K Cr 65.1% | ₹7.9K Cr 38.5% | ₹5.7K Cr 12.1% | ₹5.1K Cr 32.2% | ₹7.5K Cr 28.3% | ₹5.8K Cr 16.8% | ₹5.0K Cr 39.2% | ₹3.6K Cr |
| Depreciation | ₹37.4K Cr 6.2% | ₹35.2K Cr 15.7% | ₹30.4K Cr 24.0% | ₹24.6K Cr 8.7% | ₹26.9K Cr 5.3% | ₹25.5K Cr 4.1% | ₹26.6K Cr 12.4% | ₹23.7K Cr 2.6% | ₹23.1K Cr 14.3% | ₹20.2K Cr |
| PBT | ₹67.6K Cr 29.1% | ₹52.4K Cr 28.8% | ₹73.6K Cr 71.0% | ₹43.1K Cr 20.4% | ₹54.1K Cr 79.5% | ₹30.1K Cr 58.9% | ₹19.0K Cr 65.4% | ₹54.8K Cr 39.9% | ₹39.2K Cr 6.0% | ₹41.7K Cr |
| Tax % | 26.0% 3.7% | 27.0% 8.0% | 25.0% 4.2% | 24.0% 166.7% | 9.0% 69.0% | 29.0% 27.5% | 40.0% 5.3% | 38.0% 11.8% | 34.0% 13.3% | 30.0% |
| Net Profit | ₹49.8K Cr 29.9% | ₹38.3K Cr 30.7% | ₹55.3K Cr 68.6% | ₹32.8K Cr 33.5% | ₹49.3K Cr 130.8% | ₹21.4K Cr 86.5% | ₹11.5K Cr 66.2% | ₹33.9K Cr 30.2% | ₹26.1K Cr 10.6% | ₹29.2K Cr |
| EPS (₹) | 32.93 14.3% | 28.8 26.3% | 39.06 38.7% | 28.17 22.2% | 36.19 179.2% | 12.96 50.9% | 8.59 64.6% | 24.28 40.9% | 17.23 9.5% | 19.03 |
| Div Payout | 22.0% 48.8% | 43.0% 38.7% | 31.0% 22.5% | 40.0% 37.9% | 29.0% 3.6% | 28.0% 51.7% | 58.0% 100.0% | 29.0% 23.7% | 38.0% 5.0% | 40.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹6.3K Cr 0.0% | ₹6.3K Cr 0.0% | ₹6.3K Cr 0.0% | ₹6.3K Cr 0.0% | ₹6.3K Cr 0.0% | ₹6.3K Cr 0.0% | ₹6.3K Cr 0.0% | ₹6.3K Cr 2.0% | ₹6.4K Cr 0.0% | ₹6.4K Cr |
| Reserves | ₹3.6L Cr 7.2% | ₹3.4L Cr 1.3% | ₹3.3L Cr 21.3% | ₹2.7L Cr 8.4% | ₹2.5L Cr 17.9% | ₹2.1L Cr 8.0% | ₹2.0L Cr 5.6% | ₹2.1L Cr 6.6% | ₹2.0L Cr 5.1% | ₹1.9L Cr |
| Borrowings | ₹1.8L Cr 6.3% | ₹1.9L Cr 1.8% | ₹1.9L Cr 34.4% | ₹1.4L Cr 16.6% | ₹1.2L Cr 8.4% | ₹1.3L Cr 2.9% | ₹1.3L Cr 20.2% | ₹1.1L Cr 1.1% | ₹1.1L Cr 33.1% | ₹80.0K Cr |
| Other Liabilities | ₹2.4L Cr 7.3% | ₹2.2L Cr 7.3% | ₹2.1L Cr 8.5% | ₹1.9L Cr 5.7% | ₹2.0L Cr 7.6% | ₹1.9L Cr 7.9% | ₹1.7L Cr 3.7% | ₹1.7L Cr 12.8% | ₹1.5L Cr 12.6% | ₹1.7L Cr |
| Total Liabilities | ₹7.8L Cr 3.8% | ₹7.5L Cr 2.2% | ₹7.4L Cr 20.1% | ₹6.1L Cr 5.1% | ₹5.8L Cr 7.7% | ₹5.4L Cr 6.6% | ₹5.1L Cr 3.3% | ₹4.9L Cr 7.2% | ₹4.6L Cr 3.3% | ₹4.4L Cr |
Assets | ||||||||||
| Fixed Assets | ₹3.6L Cr 6.7% | ₹3.4L Cr 7.2% | ₹3.2L Cr 26.5% | ₹2.5L Cr 1.4% | ₹2.5L Cr 4.4% | ₹2.4L Cr 0.1% | ₹2.4L Cr 5.9% | ₹2.3L Cr 1.9% | ₹2.3L Cr 7.1% | ₹2.1L Cr |
| CWIP | ₹94.6K Cr 16.0% | ₹1.1L Cr 5.2% | ₹1.2L Cr 4.2% | ₹1.1L Cr 6.8% | ₹1.1L Cr 6.4% | ₹1.0L Cr 19.7% | ₹83.8K Cr 21.4% | ₹69.1K Cr 12.3% | ₹61.5K Cr 4.2% | ₹59.0K Cr |
| Investments | ₹1.0L Cr 5.5% | ₹95.6K Cr 5.2% | ₹1.0L Cr 27.9% | ₹78.9K Cr 18.4% | ₹66.6K Cr 10.5% | ₹60.3K Cr 6.3% | ₹56.8K Cr 15.2% | ₹66.9K Cr 0.6% | ₹67.3K Cr 4.8% | ₹70.7K Cr |
| Other Assets | ₹2.2L Cr 9.2% | ₹2.0L Cr 2.2% | ₹2.0L Cr 17.9% | ₹1.7L Cr 9.0% | ₹1.6L Cr 13.2% | ₹1.4L Cr 10.9% | ₹1.2L Cr 1.7% | ₹1.3L Cr 20.8% | ₹1.0L Cr 0.7% | ₹1.0L Cr |
| Total Assets | ₹7.8L Cr 3.8% | ₹7.5L Cr 2.2% | ₹7.4L Cr 20.1% | ₹6.1L Cr 5.1% | ₹5.8L Cr 7.7% | ₹5.4L Cr 6.6% | ₹5.1L Cr 3.3% | ₹4.9L Cr 7.2% | ₹4.6L Cr 3.3% | ₹4.4L Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹90.9K Cr 8.1% | ₹98.8K Cr 17.4% | ₹84.2K Cr 7.6% | ₹78.2K Cr 65.8% | ₹47.2K Cr 33.2% | ₹70.6K Cr 14.9% | ₹61.5K Cr 8.2% | ₹56.8K Cr 24.1% | ₹45.8K Cr 1.1% | ₹46.3K Cr |
| Investing CF | ₹-42.9K Cr 25.3% | ₹-57.4K Cr 21.1% | ₹-72.8K Cr 76.7% | ₹-41.2K Cr 5.3% | ₹-39.1K Cr 26.4% | ₹-53.2K Cr 43.2% | ₹-37.1K Cr 44.4% | ₹-66.8K Cr 52.5% | ₹-43.8K Cr 14.5% | ₹-38.3K Cr |
| Financing CF | ₹-47.9K Cr 6.4% | ₹-45.0K Cr 248.5% | ₹-12.9K Cr 63.9% | ₹-35.8K Cr 334.4% | ₹-8.2K Cr 50.7% | ₹-16.7K Cr 28.3% | ₹-23.3K Cr 335.4% | ₹9.9K Cr 630.7% | ₹-1.9K Cr 79.2% | ₹-9.0K Cr |
| Net Cash Flow | ₹68 Cr 101.9% | ₹-3.6K Cr 138.4% | ₹-1.5K Cr 219.3% | ₹1.3K Cr 746.7% | ₹-195 Cr 127.5% | ₹708 Cr 29.3% | ₹1.0K Cr 1132.0% | ₹-97 Cr 198.0% | ₹99 Cr 110.6% | ₹-935 Cr |
| Free Cash Flow | ₹50.1K Cr 17.8% | ₹61.0K Cr 27.7% | ₹47.8K Cr 5.8% | ₹45.2K Cr 198.1% | ₹15.1K Cr 47.3% | ₹28.7K Cr 19.5% | ₹35.7K Cr 22.8% | ₹29.1K Cr 14.2% | ₹25.4K Cr 18.4% | ₹31.2K Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13d 8.3% | 12d 9.1% | 11d 21.4% | 14d 26.3% | 19d 137.5% | 8d 38.5% | 13d 18.8% | 16d 0.0% | 16d 36.0% | 25d |
| Inventory Days | 99d 13.8% | 87d 42.6% | 61d 32.2% | 90d 5.9% | 85d 84.8% | 46d 4.2% | 48d 14.3% | 56d 13.8% | 65d 38.1% | 105d |
| Days Payable | 64d 4.9% | 61d 32.6% | 46d 30.3% | 66d 29.4% | 51d 64.5% | 31d 24.4% | 41d 14.6% | 48d 5.9% | 51d 82.4% | 290d |
| Cash Conv. Cycle | 47d 23.7% | 38d 40.7% | 27d 30.8% | 39d 27.8% | 54d 134.8% | 23d 9.5% | 21d 12.5% | 24d 20.0% | 30d 118.6% | -161d |
| Working Capital Days | -37d 19.6% | -46d 53.3% | -30d 25.0% | -24d 52.0% | -50d 7.4% | -54d 22.7% | -44d 27.9% | -61d 28.2% | -85d 44.1% | -59d |
| ROCE | 12.0% 33.3% | 18.0% 28.6% | 14.0% 12.5% | 16.0% 77.8% | 9.0% 10.0% | 10.0% 47.4% | 19.0% 35.7% | 14.0% 17.6% | 17.0% 30.8% | 13.0% |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About Oil & Natural Gas Corporation Limited
ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production
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