Oil & Natural Gas Corporation Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 8x vs industry 22.5x)
- ✓Trading below book value (P/B 0.9x)
- ✓Low debt relative to equity (D/E 0.5x)
- ✓Regular dividends — yield 4.6%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,291 | ₹17.8L Cr | 22.8 | 1.93 | 8.91 | 10.3 | 0.44 |
| COALINDIA Coal India Limited | ₹472 | ₹2.9L Cr | 9.36 | 2.45 | 28.5 | 35.3 | 0.13 |
| IOC Indian Oil Corporation Limited | ₹138 | ₹2.0L Cr | 4.66 | 0.89 | 20.7 | 18.8 | 0.74 |
| BPCL Bharat Petroleum Corporation Limited | ₹295 | ₹1.3L Cr | 4.88 | 1.28 | 28.8 | 25.7 | 0.56 |
| GAIL GAIL (India) Limited | ₹168 | ₹1.1L Cr | 14.3 | 1.24 | 8.71 | 9.68 | 0.25 |
| HINDPETRO Hindustan Petroleum Corporation Limited | ₹385 | ₹82K Cr | 4.52 | 1.25 | 30.9 | 22.2 | 1.11 |
| ATGL Adani Total Gas Limited | ₹762 +2.45% | ₹81K Cr | 124 | 17.25 | 14.5 | 15.4 | 0.45 |
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 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
Interim Dividend - Rs 4 Per Share
Record: 16 Feb 2024
Interim Dividend - Rs 5.75 Per Share
Dividend - Re 0.50 Per Share
Latest News
All news →Oil PSUs maintain capex despite West Asia conflict
*Oil PSUs maintain capex despite West Asia conflict*. The ongoing West Asia conflict has not derailed capital expenditure plans of state-owned oil companies. Firms like ONGC, BPCL, and IOC continue with **₹50,000 crore** combined capex for FY25, focusing on refining and exploration. This signals stable operational outlook despite geopolitical risks. 📊 *STOCKS:* ONGC, BPCL, IOC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #capex
JM Financial upgrades PSU oil stock amid rising crude
*JM Financial raises target for ONGC amid surging crude prices.* The brokerage cites strong exploration potential and government backing as key drivers. ONGC is seen as a key beneficiary of higher crude, with **$75/barrel** boosting upstream revenues. Valuation remains attractive at **8x P/E** despite recent rally. 📊 *STOCKS:* ONGC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #BrokerCall
ONGC, Oil India surge as OMCs face ₹2L cr under-recovery
*ONGC, Oil India surge as OMCs face ₹2L cr under-recovery*. Crude oil prices remain elevated, boosting upstream companies like **ONGC** and **OILINDIA**. Downstream OMCs face **₹2 lakh crore** in under-recoveries due to restrained fuel pricing. This divergence fuels investor preference for producers over marketers. 📊 *STOCKS:* ONGC, OILINDIA | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
ONGC, Oil India shares jump 7% on lower royalty rates
*ONGC, Oil India shares jump 7% on lower royalty rates* The Centre revised downward royalty rates for crude oil and natural gas, boosting profitability for producers. ONGC and Oil India surged over **7%** as the move reduces their cost burden significantly. The new rates aim to enhance domestic production and reduce import dependence. 📊 *STOCKS:* ONGC, OILINDIA | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
India cuts onshore crude oil royalty rates
*India cuts onshore crude oil royalty rates* boosting profitability for producers. The new rates reduce royalty from **12.5% to 5%**, significantly lowering costs for ONGC, Oil India, and Vedanta. This move aims to boost domestic output and reduce import dependence. Higher production and margins expected going forward. 📊 *STOCKS:* ONGC, OIL, VEDL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
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 ▲3.3% | ₹25.7K Cr ▲18.0% | ₹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 | ₹6.6L Cr ▲8.2% | ₹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 | ₹5.6L Cr ▲6.9% | ₹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 ▲16.0% | ₹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 | 16.0% ▲6.7% | 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 | 40.0% ▼7.0% | 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 ▲7.7% | ₹3.4L Cr ▲6.2% | ₹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 ▼18.2% | ₹1.2L Cr ▼2.5% | ₹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 ▲9.0% | ₹2.0L Cr ▲2.3% | ₹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 | ₹59 Cr ▲101.6% | ₹-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 | ₹50.2K Cr ▼17.7% | ₹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
Oil, Gas & Consumable Fuels · Oil