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Last Updated: March 3, 2026, 1:06 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500312 | NSE: ONGC

Oil & Natural Gas Corpn Ltd (ONGC): Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 1:06 pm

Market Cap 3,55,015 Cr.
Current Price 282
Intrinsic Value₹230.22
High / Low 293/205
Stock P/E9.34
Book Value 292
Dividend Yield4.34 %
ROCE12.0 %
ROE10.6 %
Face Value 5.00
PEG Ratio-2.60

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Oil & Natural Gas Corpn Ltd (ONGC)

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Oil & Natural Gas Corpn Ltd (ONGC) 3,55,015 Cr. 282 293/2059.34 2924.34 %12.0 %10.6 % 5.00
Oil India Ltd 79,387 Cr. 488 524/32213.6 3462.36 %12.9 %13.3 % 10.0
Galaxy Surfactants Ltd 6,867 Cr. 1,937 2,750/1,80023.6 7151.14 %16.2 %13.5 % 10.0
Deep Industries Ltd 2,348 Cr. 367 578/33210.1 3020.83 %12.1 %12.9 % 5.00
Hindustan Oil Exploration Company Ltd 1,807 Cr. 137 199/12924.3 1030.00 %12.3 %11.8 % 10.0
Industry Average37,657.42 Cr410.9494.98600.591.00%10.56%9.87%6.85

All Competitor Stocks of Oil & Natural Gas Corpn Ltd (ONGC)

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 169,213164,067163,824147,614167,357172,137168,968159,331167,213170,812163,108157,911167,423
Expenses 147,346143,527133,029119,534146,996148,913147,183138,757142,858148,727137,429131,390142,088
Operating Profit 21,86720,53930,79528,08020,36023,22421,78520,57424,35422,08525,67926,52125,335
OPM % 13%13%19%19%12%13%13%13%15%13%16%17%15%
Other Income 2,807-4,7863,0693,6734,2993,3753,5354,1622,4153,4652,5553,4473,450
Interest 2,1882,0682,3643,2433,2033,6083,6943,8273,7503,5003,3413,4113,207
Depreciation 6,7846,7447,0787,0797,4948,4208,5018,2549,5399,0439,3849,2739,388
Profit before tax 15,7026,94124,42221,43113,96214,57013,12512,65513,48013,00615,50917,28416,190
Tax % 26%7%27%25%25%24%26%22%28%32%26%27%26%
Net Profit 11,6656,47817,89316,17110,51111,0969,7769,8419,7478,85611,55412,61511,946
EPS in Rs 9.133.5711.6410.898.517.977.938.146.825.827.798.577.96

Last Updated: March 3, 2026, 4:16 pm

Below is a detailed analysis of the quarterly data for Oil & Natural Gas Corpn Ltd (ONGC) based on the most recent figures (Dec 2025) and their trends compared to the previous period:

  • For Sales, as of Dec 2025, the value is 167,423.00 Cr.. The value appears strong and on an upward trend. It has increased from 157,911.00 Cr. (Sep 2025) to 167,423.00 Cr., marking an increase of 9,512.00 Cr..
  • For Expenses, as of Dec 2025, the value is 142,088.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 131,390.00 Cr. (Sep 2025) to 142,088.00 Cr., marking an increase of 10,698.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 25,335.00 Cr.. The value appears to be declining and may need further review. It has decreased from 26,521.00 Cr. (Sep 2025) to 25,335.00 Cr., marking a decrease of 1,186.00 Cr..
  • For OPM %, as of Dec 2025, the value is 15.00%. The value appears to be declining and may need further review. It has decreased from 17.00% (Sep 2025) to 15.00%, marking a decrease of 2.00%.
  • For Other Income, as of Dec 2025, the value is 3,450.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,447.00 Cr. (Sep 2025) to 3,450.00 Cr., marking an increase of 3.00 Cr..
  • For Interest, as of Dec 2025, the value is 3,207.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3,411.00 Cr. (Sep 2025) to 3,207.00 Cr., marking a decrease of 204.00 Cr..
  • For Depreciation, as of Dec 2025, the value is 9,388.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9,273.00 Cr. (Sep 2025) to 9,388.00 Cr., marking an increase of 115.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 16,190.00 Cr.. The value appears to be declining and may need further review. It has decreased from 17,284.00 Cr. (Sep 2025) to 16,190.00 Cr., marking a decrease of 1,094.00 Cr..
  • For Tax %, as of Dec 2025, the value is 26.00%. The value appears to be improving (decreasing) as expected. It has decreased from 27.00% (Sep 2025) to 26.00%, marking a decrease of 1.00%.
  • For Net Profit, as of Dec 2025, the value is 11,946.00 Cr.. The value appears to be declining and may need further review. It has decreased from 12,615.00 Cr. (Sep 2025) to 11,946.00 Cr., marking a decrease of 669.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 7.96. The value appears to be declining and may need further review. It has decreased from 8.57 (Sep 2025) to 7.96, marking a decrease of 0.61.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 6:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 174,121160,923124,036282,506322,706421,624396,728303,849491,246632,291601,581612,065659,254
Expenses 124,991118,61084,901229,702265,817346,805344,623254,375411,373556,764499,198523,205559,633
Operating Profit 49,13042,31239,13552,80456,88974,81952,10549,47379,87475,527102,38388,86199,620
OPM % 28%26%32%19%18%18%13%16%16%12%17%15%15%
Other Income 7,1705,9551,06712,72410,4299,56798211,2716,797-3014,71213,27812,917
Interest 6242,8643,7663,5914,9995,8377,4895,0795,6967,88913,02614,53513,460
Depreciation 16,26218,03316,38420,21923,11223,70426,63525,53826,88324,55730,44035,20637,089
Profit before tax 39,41327,37020,05241,71839,20854,84618,96230,12654,09143,05173,62952,39861,989
Tax % 32%35%35%30%34%38%40%29%9%24%25%27%
Net Profit 26,66517,70313,10229,16926,06833,93811,45621,36049,29432,77855,27338,32944,972
EPS in Rs 20.6514.2910.0319.0317.2324.288.5912.9636.1928.1739.0628.8030.14
Dividend Payout % 31%44%56%40%38%29%58%28%29%40%31%43%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-33.61%-25.99%122.63%-10.63%30.19%-66.24%86.45%130.78%-33.51%68.63%-30.66%
Change in YoY Net Profit Growth (%)0.00%7.62%148.62%-133.26%40.82%-96.43%152.70%44.32%-164.28%102.13%-99.28%

Oil & Natural Gas Corpn Ltd (ONGC) has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:14%
5 Years:9%
3 Years:8%
TTM:0%
Compounded Profit Growth
10 Years:7%
5 Years:19%
3 Years:-8%
TTM:-21%
Stock Price CAGR
10 Years:4%
5 Years:25%
3 Years:21%
1 Year:-24%
Return on Equity
10 Years:13%
5 Years:14%
3 Years:14%
Last Year:11%

Last Updated: September 5, 2025, 11:50 am

Balance Sheet

Last Updated: December 4, 2025, 1:44 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 4,2784,2784,2786,4176,4176,2906,2906,2906,2906,2906,2906,2906,290
Reserves 167,874176,177193,536187,969197,602210,644198,814214,691253,213274,357332,779337,150361,489
Borrowings 49,11353,94445,50080,029106,550107,742129,473133,187121,986142,255191,195187,817176,018
Other Liabilities 103,711103,44898,459170,111148,664167,667173,787187,580201,771190,212206,357221,398237,621
Total Liabilities 324,976337,847341,772444,525459,232492,343508,364541,748583,260613,115736,621752,656781,418
Fixed Assets 155,923179,933166,277211,125226,058230,391243,892243,746254,402250,819317,183336,810362,910
CWIP 72,03463,39357,66859,04261,51269,05683,832100,309106,719113,945118,729115,72494,643
Investments 4,7464,74933,38770,74667,33566,90956,75560,32066,64278,873100,86295,617100,867
Other Assets 92,27389,77184,440103,612104,328125,987123,884137,372155,496169,478199,847204,504222,997
Total Assets 324,976337,847341,772444,525459,232492,343508,364541,748583,260613,115736,621752,656781,418

Below is a detailed analysis of the balance sheet data for Oil & Natural Gas Corpn Ltd (ONGC) based on the most recent figures (Sep 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Sep 2025, the value is 6,290.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 6,290.00 Cr..
  • For Reserves, as of Sep 2025, the value is 361,489.00 Cr.. The value appears strong and on an upward trend. It has increased from 337,150.00 Cr. (Mar 2025) to 361,489.00 Cr., marking an increase of 24,339.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 176,018.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 187,817.00 Cr. (Mar 2025) to 176,018.00 Cr., marking a decrease of 11,799.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 237,621.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 221,398.00 Cr. (Mar 2025) to 237,621.00 Cr., marking an increase of 16,223.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 781,418.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 752,656.00 Cr. (Mar 2025) to 781,418.00 Cr., marking an increase of 28,762.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 362,910.00 Cr.. The value appears strong and on an upward trend. It has increased from 336,810.00 Cr. (Mar 2025) to 362,910.00 Cr., marking an increase of 26,100.00 Cr..
  • For CWIP, as of Sep 2025, the value is 94,643.00 Cr.. The value appears to be declining and may need further review. It has decreased from 115,724.00 Cr. (Mar 2025) to 94,643.00 Cr., marking a decrease of 21,081.00 Cr..
  • For Investments, as of Sep 2025, the value is 100,867.00 Cr.. The value appears strong and on an upward trend. It has increased from 95,617.00 Cr. (Mar 2025) to 100,867.00 Cr., marking an increase of 5,250.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 222,997.00 Cr.. The value appears strong and on an upward trend. It has increased from 204,504.00 Cr. (Mar 2025) to 222,997.00 Cr., marking an increase of 18,493.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 781,418.00 Cr.. The value appears strong and on an upward trend. It has increased from 752,656.00 Cr. (Mar 2025) to 781,418.00 Cr., marking an increase of 28,762.00 Cr..

Notably, the Reserves (361,489.00 Cr.) exceed the Borrowings (176,018.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 53,27033,95046,29245,78056,79261,45870,59347,18578,24884,21198,84790,868
Cash from Investing Activity + -63,633-30,058-38,256-43,815-66,798-37,132-53,159-39,141-41,197-72,799-57,423-42,901
Cash from Financing Activity + 15,225-10,641-8,972-1,8679,909-23,324-16,726-8,239-35,790-12,916-45,009-47,908
Net Cash Flow 4,862-6,749-93599-971,001708-1951,261-1,504-3,58659

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.00-11.00-6.00-28.00-50.00-33.00-77.00-84.00-42.00-67.00-89.00-99.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 34432516161381914111213
Inventory Days 7965105655648468590618799
Days Payable 155175290514841315166466164
Cash Conversion Cycle -43-67-161302421235439273847
Working Capital Days -59-30-59-85-61-44-54-50-24-30-46-37
ROCE %20%13%13%17%14%19%10%9%16%14%18%12%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%
FIIs 7.97%8.11%8.38%9.20%8.88%8.57%8.12%7.53%7.11%7.08%6.98%7.43%
DIIs 19.87%19.84%19.58%18.73%18.88%18.75%19.04%19.40%19.93%19.85%19.96%19.69%
Government 10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%
Public 2.94%2.87%2.83%2.89%3.05%3.50%3.65%3.88%3.76%3.88%3.87%3.69%
No. of Shareholders 15,48,72615,23,40615,13,38315,88,56417,90,07421,41,47927,88,15330,50,31230,30,75930,21,30129,59,51328,56,489

Shareholding Pattern Chart

No. of Shareholders

Oil & Natural Gas Corpn Ltd (ONGC): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Flexi Cap Fund 55,000,000 1.52 1479.2850,250,0002025-12-15 01:18:539.45%
ICICI Prudential Large Cap Fund 41,022,429 1.44 1103.3448,516,4292026-02-23 07:42:50-15.45%
ICICI Prudential Value Fund 36,493,717 1.63 981.5449,146,2962026-02-23 07:11:39-25.74%
ICICI Prudential Equity & Debt Fund 27,947,527 1.53 751.6831,349,5332026-02-23 00:15:36-10.85%
SBI Contra Fund 23,896,662 1.32 642.72N/AN/AN/A
ICICI Prudential India Opportunities Fund 23,828,889 1.82 640.935,286,3892026-02-23 01:21:59-32.47%
ICICI Prudential Multi Asset Fund 23,562,200 0.78 633.7332,562,2002026-02-23 07:42:50-27.64%
ICICI Prudential Energy Opportunities Fund 17,000,724 4.62 457.2523,944,6102026-02-23 07:42:51-29%
SBI ELSS Tax Saver Fund 17,000,000 1.44 457.23N/AN/AN/A
ICICI Prudential Balanced Advantage Fund 13,529,250 0.52 363.8815,135,1412026-02-23 00:30:02-10.61%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 28.8039.1328.1736.1912.92
Diluted EPS (Rs.) 28.8039.1328.1736.1912.92
Cash EPS (Rs.) 57.6369.1048.5360.0336.46
Book Value[Excl.RevalReserv]/Share (Rs.) 273.00290.21239.47225.22192.84
Book Value[Incl.RevalReserv]/Share (Rs.) 273.00290.21239.47225.22192.84
Revenue From Operations / Share (Rs.) 486.53470.14502.63390.51241.65
PBDIT / Share (Rs.) 80.4994.2169.4370.0546.73
PBIT / Share (Rs.) 52.5068.5946.9348.0326.43
PBT / Share (Rs.) 40.8359.1934.1941.8323.12
Net Profit / Share (Rs.) 29.6443.4826.0338.0216.16
NP After MI And SOA / Share (Rs.) 28.8039.1328.1736.1912.92
PBDIT Margin (%) 16.5420.0313.8117.9319.33
PBIT Margin (%) 10.7914.599.3312.3010.93
PBT Margin (%) 8.3912.596.8010.719.56
Net Profit Margin (%) 6.099.245.179.736.68
NP After MI And SOA Margin (%) 5.918.325.609.265.34
Return on Networth / Equity (%) 10.5414.6012.6217.547.35
Return on Capital Employeed (%) 11.1515.4312.2413.197.91
Return On Assets (%) 4.776.935.767.772.99
Long Term Debt / Equity (X) 0.280.230.350.330.35
Total Debt / Equity (X) 0.440.350.460.410.49
Asset Turnover Ratio (%) 0.830.890.300.250.16
Current Ratio (X) 0.800.880.860.830.75
Quick Ratio (X) 0.450.530.520.400.39
Inventory Turnover Ratio (X) 11.013.590.120.120.32
Dividend Payout Ratio (NP) (%) 46.8826.1949.6925.1414.06
Dividend Payout Ratio (CP) (%) 23.7715.8327.6315.635.46
Earning Retention Ratio (%) 53.1273.8150.3174.8685.94
Cash Earning Retention Ratio (%) 76.2384.1772.3784.3794.54
Interest Coverage Ratio (X) 6.9711.6311.0715.4711.57
Interest Coverage Ratio (Post Tax) (X) 3.586.536.189.774.82
Enterprise Value (Cr.) 467150.84448048.83310615.17330950.56252750.74
EV / Net Operating Revenue (X) 0.760.750.490.670.83
EV / EBITDA (X) 4.613.783.563.764.30
MarketCap / Net Operating Revenue (X) 0.500.560.300.410.42
Retention Ratios (%) 53.1173.8050.3074.8585.93
Price / BV (X) 0.900.990.670.790.58
Price / Net Operating Revenue (X) 0.500.560.300.410.42
EarningsYield 0.110.140.180.220.12

After reviewing the key financial ratios for Oil & Natural Gas Corpn Ltd (ONGC), here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 5.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 5.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 28.80. This value is within the healthy range. It has decreased from 39.13 (Mar 24) to 28.80, marking a decrease of 10.33.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 28.80. This value is within the healthy range. It has decreased from 39.13 (Mar 24) to 28.80, marking a decrease of 10.33.
  • For Cash EPS (Rs.), as of Mar 25, the value is 57.63. This value is within the healthy range. It has decreased from 69.10 (Mar 24) to 57.63, marking a decrease of 11.47.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 273.00. It has decreased from 290.21 (Mar 24) to 273.00, marking a decrease of 17.21.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 273.00. It has decreased from 290.21 (Mar 24) to 273.00, marking a decrease of 17.21.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 486.53. It has increased from 470.14 (Mar 24) to 486.53, marking an increase of 16.39.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 80.49. This value is within the healthy range. It has decreased from 94.21 (Mar 24) to 80.49, marking a decrease of 13.72.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 52.50. This value is within the healthy range. It has decreased from 68.59 (Mar 24) to 52.50, marking a decrease of 16.09.
  • For PBT / Share (Rs.), as of Mar 25, the value is 40.83. This value is within the healthy range. It has decreased from 59.19 (Mar 24) to 40.83, marking a decrease of 18.36.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 29.64. This value is within the healthy range. It has decreased from 43.48 (Mar 24) to 29.64, marking a decrease of 13.84.
  • For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 28.80. This value is within the healthy range. It has decreased from 39.13 (Mar 24) to 28.80, marking a decrease of 10.33.
  • For PBDIT Margin (%), as of Mar 25, the value is 16.54. This value is within the healthy range. It has decreased from 20.03 (Mar 24) to 16.54, marking a decrease of 3.49.
  • For PBIT Margin (%), as of Mar 25, the value is 10.79. This value is within the healthy range. It has decreased from 14.59 (Mar 24) to 10.79, marking a decrease of 3.80.
  • For PBT Margin (%), as of Mar 25, the value is 8.39. This value is below the healthy minimum of 10. It has decreased from 12.59 (Mar 24) to 8.39, marking a decrease of 4.20.
  • For Net Profit Margin (%), as of Mar 25, the value is 6.09. This value is within the healthy range. It has decreased from 9.24 (Mar 24) to 6.09, marking a decrease of 3.15.
  • For NP After MI And SOA Margin (%), as of Mar 25, the value is 5.91. This value is below the healthy minimum of 8. It has decreased from 8.32 (Mar 24) to 5.91, marking a decrease of 2.41.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 10.54. This value is below the healthy minimum of 15. It has decreased from 14.60 (Mar 24) to 10.54, marking a decrease of 4.06.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 11.15. This value is within the healthy range. It has decreased from 15.43 (Mar 24) to 11.15, marking a decrease of 4.28.
  • For Return On Assets (%), as of Mar 25, the value is 4.77. This value is below the healthy minimum of 5. It has decreased from 6.93 (Mar 24) to 4.77, marking a decrease of 2.16.
  • For Long Term Debt / Equity (X), as of Mar 25, the value is 0.28. This value is within the healthy range. It has increased from 0.23 (Mar 24) to 0.28, marking an increase of 0.05.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.44. This value is within the healthy range. It has increased from 0.35 (Mar 24) to 0.44, marking an increase of 0.09.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 0.83. It has decreased from 0.89 (Mar 24) to 0.83, marking a decrease of 0.06.
  • For Current Ratio (X), as of Mar 25, the value is 0.80. This value is below the healthy minimum of 1.5. It has decreased from 0.88 (Mar 24) to 0.80, marking a decrease of 0.08.
  • For Quick Ratio (X), as of Mar 25, the value is 0.45. This value is below the healthy minimum of 1. It has decreased from 0.53 (Mar 24) to 0.45, marking a decrease of 0.08.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 11.01. This value exceeds the healthy maximum of 8. It has increased from 3.59 (Mar 24) to 11.01, marking an increase of 7.42.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 46.88. This value is within the healthy range. It has increased from 26.19 (Mar 24) to 46.88, marking an increase of 20.69.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 23.77. This value is within the healthy range. It has increased from 15.83 (Mar 24) to 23.77, marking an increase of 7.94.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 53.12. This value is within the healthy range. It has decreased from 73.81 (Mar 24) to 53.12, marking a decrease of 20.69.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 76.23. This value exceeds the healthy maximum of 70. It has decreased from 84.17 (Mar 24) to 76.23, marking a decrease of 7.94.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 6.97. This value is within the healthy range. It has decreased from 11.63 (Mar 24) to 6.97, marking a decrease of 4.66.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 3.58. This value is within the healthy range. It has decreased from 6.53 (Mar 24) to 3.58, marking a decrease of 2.95.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 467,150.84. It has increased from 448,048.83 (Mar 24) to 467,150.84, marking an increase of 19,102.01.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 0.76. This value is below the healthy minimum of 1. It has increased from 0.75 (Mar 24) to 0.76, marking an increase of 0.01.
  • For EV / EBITDA (X), as of Mar 25, the value is 4.61. This value is below the healthy minimum of 5. It has increased from 3.78 (Mar 24) to 4.61, marking an increase of 0.83.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 0.50. This value is below the healthy minimum of 1. It has decreased from 0.56 (Mar 24) to 0.50, marking a decrease of 0.06.
  • For Retention Ratios (%), as of Mar 25, the value is 53.11. This value is within the healthy range. It has decreased from 73.80 (Mar 24) to 53.11, marking a decrease of 20.69.
  • For Price / BV (X), as of Mar 25, the value is 0.90. This value is below the healthy minimum of 1. It has decreased from 0.99 (Mar 24) to 0.90, marking a decrease of 0.09.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 0.50. This value is below the healthy minimum of 1. It has decreased from 0.56 (Mar 24) to 0.50, marking a decrease of 0.06.
  • For EarningsYield, as of Mar 25, the value is 0.11. This value is below the healthy minimum of 5. It has decreased from 0.14 (Mar 24) to 0.11, marking a decrease of 0.03.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Oil & Natural Gas Corpn Ltd (ONGC) as of March 4, 2026 is: ₹241.31

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 4, 2026, Oil & Natural Gas Corpn Ltd (ONGC) is Overvalued by 14.43% compared to the current share price ₹282.00

Intrinsic Value of Oil & Natural Gas Corpn Ltd (ONGC) as of March 4, 2026 is: ₹232.64

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 4, 2026, Oil & Natural Gas Corpn Ltd (ONGC) is Overvalued by 17.50% compared to the current share price ₹282.00

Last 5 Year EPS CAGR: -3.59%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -48.25, which is a positive sign.
  2. The company has higher reserves (238,945.77 cr) compared to borrowings (117,293.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (398.23 cr) and profit (42.38 cr) over the years.
  1. The stock has a low average ROCE of 14.58%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 2.67, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Oil & Natural Gas Corpn Ltd (ONGC):
    1. Net Profit Margin: 6.09%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.15% (Industry Average ROCE: 10.56%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 10.54% (Industry Average ROE: 9.87%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 3.58
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.45
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 9.34 (Industry average Stock P/E: 94.98)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.44
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Oil And Natural Gas Corporation Ltd. is a Public Limited Listed company incorporated on 23/06/1993 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1993GOI054155 and registration number is 054155. Currently Company is involved in the business activities of Off shore extraction of crude petroleum. Company's Total Operating Revenue is Rs. 133862.73 Cr. and Equity Capital is Rs. 6290.14 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Oil Drilling And ExplorationPlot No. 5A- 5B, Nelson Mandela Road, New Delhi Delhi 110070Contact not found
Management
NamePosition Held
Mr. Arun Kumar SinghChairman & CEO
Mr. V C TongaonkarDirector - Finance & CFO
Mr. Manish PatilDirector - Human Resources
Mr. Om Prakash SinghDirector
Ms. Sushma RawatDirector
Mr. Pankaj KumarDirector
Mr. Syamchand GhoshIndependent Director
Mr. V Ajit Kumar RajuIndependent Director
Mr. Manish PareekIndependent Director
Mrs. Reena JaitlyIndependent Director
Dr. Prabhaskar RaiIndependent Director
Dr. Madhav SinghIndependent Director
Mr. Praveen Mal KhanoojaGovernment Nominee Director

FAQ

What is the intrinsic value of Oil & Natural Gas Corpn Ltd (ONGC)?

Oil & Natural Gas Corpn Ltd (ONGC)'s intrinsic value (as of 04 March 2026) is ₹232.64 which is 17.50% lower the current market price of ₹282.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹3,55,015 Cr. market cap, FY2025-2026 high/low of ₹293/205, reserves of ₹361,489 Cr, and liabilities of ₹781,418 Cr.

What is the Market Cap of Oil & Natural Gas Corpn Ltd (ONGC)?

The Market Cap of Oil & Natural Gas Corpn Ltd (ONGC) is 3,55,015 Cr..

What is the current Stock Price of Oil & Natural Gas Corpn Ltd (ONGC) as on 04 March 2026?

The current stock price of Oil & Natural Gas Corpn Ltd (ONGC) as on 04 March 2026 is ₹282.

What is the High / Low of Oil & Natural Gas Corpn Ltd (ONGC) stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Oil & Natural Gas Corpn Ltd (ONGC) stocks is ₹293/205.

What is the Stock P/E of Oil & Natural Gas Corpn Ltd (ONGC)?

The Stock P/E of Oil & Natural Gas Corpn Ltd (ONGC) is 9.34.

What is the Book Value of Oil & Natural Gas Corpn Ltd (ONGC)?

The Book Value of Oil & Natural Gas Corpn Ltd (ONGC) is 292.

What is the Dividend Yield of Oil & Natural Gas Corpn Ltd (ONGC)?

The Dividend Yield of Oil & Natural Gas Corpn Ltd (ONGC) is 4.34 %.

What is the ROCE of Oil & Natural Gas Corpn Ltd (ONGC)?

The ROCE of Oil & Natural Gas Corpn Ltd (ONGC) is 12.0 %.

What is the ROE of Oil & Natural Gas Corpn Ltd (ONGC)?

The ROE of Oil & Natural Gas Corpn Ltd (ONGC) is 10.6 %.

What is the Face Value of Oil & Natural Gas Corpn Ltd (ONGC)?

The Face Value of Oil & Natural Gas Corpn Ltd (ONGC) is 5.00.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Oil & Natural Gas Corpn Ltd (ONGC). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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