Oil & Natural Gas Corporation Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- ✓Attractively valued vs sector (P/E 7.5x vs industry 27.1x)
- ✓Trading below book value (P/B 0.9x)
- ✓Low debt relative to equity (D/E 0.5x)
- ✓Regular dividends — yield 5%
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| RELIANCE Reliance Industries Limited | ₹1,284 | ₹18.0L Cr | 24 | 1.92 | 8.91 | 10.3 | 0.45 |
| COALINDIA Coal India Limited | ₹429 | ₹2.6L Cr | 8.48 | 2.22 | 28.5 | 35.3 | 0.13 |
| IOC Indian Oil Corporation Limited | ₹142 | ₹2.0L Cr | 4.75 | 0.91 | 20.7 | 18.8 | 0.74 |
| BPCL Bharat Petroleum Corporation Limited | ₹310 | ₹1.4L Cr | 5.24 | 1.34 | 28.8 | 25.7 | 0.56 |
| GAIL GAIL (India) Limited | ₹173 | ₹1.1L Cr | 14.8 | 1.28 | 8.71 | 9.68 | 0.25 |
| HINDPETRO Hindustan Petroleum Corporation Limited | ₹394 | ₹85K Cr | 4.72 | 1.28 | 30.9 | 22.2 | 1.11 |
| ATGL Adani Total Gas Limited | ₹682 -2.68% | ₹78K Cr | 119 | 15.42 | 14.4 | 15.3 | 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 →US-Iran tensions spike crude oil prices globally
*US-Iran tensions spike crude oil prices globally*. Geopolitical risks have pushed international crude benchmarks higher, with Brent crude rising to **$85.42/barrel**. This has led to increased pressure on India's refining and fuel pricing outlook. Domestic petrol and diesel prices may see upward revision, impacting inflation and oil marketing companies. 📊 *STOCKS:* ONGC, RELIANCE, IOCL | 🏢 *SECTOR:* Energy | #HIGHIMPACT #CrudeOil
Govt assigns ONGC to build ₹15,000 crore strategic oil reserve
*Govt assigns ONGC to build ₹15,000 crore strategic oil reserve.* The project aims to enhance India's energy security by creating additional underground storage capacity for crude oil. This capex outlay signals strong state backing for ONGC’s infrastructure role. The move could lead to long-term asset expansion and revenue visibility. 📊 *STOCKS:* ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
ONGC discovers major natural gas reserve in Andaman Basin
*ONGC discovers major natural gas reserve in Andaman Basin.* This find could boost India’s domestic hydrocarbon production and reduce import dependence. Initial estimates suggest reserves of **~200 million cubic feet per day**, with commercial production expected in **3–4 years**. The discovery marks a strategic leap for India’s energy security. 📊 *STOCKS:* ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #NaturalGas
Oil India tanks 10% on Brent crude drop to $91
*Oil India tanks 10% on Brent crude drop to $91* — Brent crude slipped to **$91/barrel**, hitting energy stocks. Oil India crashed **10%**, while ONGC fell nearly **3%** due to valuation concerns. Lower oil prices may impact future earnings and capex plans. 📊 *STOCKS:* OIL, ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #crude
Oil India plunges 10% as crude prices drop to $91
*Oil India plunges 10% as crude prices drop to $91* due to Brent crude slipping to **$91/barrel**, impacting upstream producers. ONGC also falls **nearly 3%**, tracking the sell-off in energy stocks. Lower oil prices may pressure near-term earnings for exploration companies. 📊 *STOCKS:* OIL, ONGC | 🏢 *SECTOR:* Energy | #HIGHIMPACT #crude
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
Royalty on crude, gas slashed in landmark reform
Hardeep Puri announced a major rationalisation of royalty rates for crude oil, natural gas, and condensate, marking a landmark reform in upstream policy. The new structure reduces royalty to **5%** for onshore and shallow water fields from **12.5–13%**, and to **7.5%** for deepwater areas. This is expected to boost private investment and production in India’s domestic energy sector. 📊 *STOCKS:* | 🏢 *SECTOR:* Energy | #HIGHIMPACT #Energy
ONGC announces change in senior management
*ONGC announces change in senior management*\nOil & Natural Gas Corporation has informed the stock exchange about a change in its senior management. While no specific financial details were disclosed, leadership transitions can influence strategic direction. Such changes may lead to shifts in investor sentiment in the short term.\n\n📊 *STOCKS:* ONGC | 🏢 *SECTOR:* Energy | #MEDIUMIMPACT #ManagementChange
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