Oil & Natural Gas Corpn Ltd (ONGC) Quarterly Results
Month
Dec 2020
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Sales
100,289
114,124
108,105
122,066
145,673
155,949
182,894
168,656
169,213
164,067
163,824
146,874
165,569
Expenses
89,009
98,639
91,822
104,270
124,306
131,900
164,041
155,311
147,346
144,593
133,717
118,618
145,545
Operating Profit
11,279
15,485
16,283
17,796
21,367
24,049
18,853
13,346
21,867
19,474
30,107
28,255
20,024
OPM %
11%
14%
15%
15%
15%
15%
10%
8%
13%
12%
18%
19%
12%
Other Income
2,379
6,883
1,775
1,913
2,882
607
1,619
2,315
2,807
-4,783
3,069
3,233
4,130
Interest
1,158
1,116
1,440
1,377
1,388
1,491
1,640
1,993
2,188
2,068
2,364
2,603
2,544
Depreciation
6,495
7,572
6,423
6,230
6,850
7,380
6,611
4,443
6,784
6,719
7,072
6,698
7,094
Profit before tax
6,006
13,681
10,194
12,102
16,011
15,784
12,221
9,224
15,702
5,904
23,740
22,187
14,516
Tax %
39%
20%
33%
-55%
27%
24%
30%
26%
26%
3%
27%
25%
26%
Net Profit
3,637
10,963
6,847
18,749
11,637
12,061
8,581
6,830
11,665
5,701
17,383
16,553
10,748
EPS in Rs
2.00
7.52
4.76
14.35
8.69
8.39
9.49
6.60
9.13
2.95
11.23
10.92
8.23
Last Updated: July 10, 2024, 8:14 pm
Quarterly Chart
Oil & Natural Gas Corpn Ltd (ONGC) Profit & Loss
Last Updated: July 10, 2024, 8:14 pm
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
TTM
Sales
140,147
161,984
174,121
160,923
124,036
282,506
322,706
421,624
396,728
303,849
491,246
632,291
640,333
Expenses
94,797
118,482
124,991
118,610
84,901
229,702
265,817
346,805
344,623
254,375
411,373
556,764
542,473
Operating Profit
45,350
43,501
49,130
42,312
39,135
52,804
56,889
74,819
52,105
49,473
79,874
75,527
97,860
OPM %
32%
27%
28%
26%
32%
19%
18%
18%
13%
16%
16%
12%
15%
Other Income
11,075
5,488
7,170
5,955
1,067
12,724
10,429
9,567
982
11,271
6,797
-30
5,650
Interest
435
484
624
2,864
3,766
3,591
4,999
5,837
7,489
5,079
5,696
7,889
9,580
Depreciation
13,187
11,763
16,262
18,033
16,384
20,219
23,112
23,704
26,635
25,538
26,883
24,557
27,584
Profit before tax
42,804
36,742
39,413
27,370
20,052
41,718
39,208
54,846
18,962
30,126
54,091
43,051
66,347
Tax %
34%
35%
32%
35%
35%
30%
34%
38%
40%
29%
9%
24%
Net Profit
28,428
23,994
26,665
17,703
13,102
29,169
26,068
33,938
11,456
21,360
49,294
32,778
50,386
EPS in Rs
21.93
18.87
20.65
14.29
10.03
19.03
17.23
24.28
8.59
12.96
36.19
28.17
33.33
Dividend Payout %
30%
34%
31%
44%
56%
40%
38%
29%
58%
28%
29%
40%
Profit & Loss Yearly Chart
YoY Net Profit Growth
Year
2012-2013
2013-2014
2014-2015
2015-2016
2016-2017
2017-2018
2018-2019
2019-2020
2020-2021
2021-2022
2022-2023
YoY Net Profit Growth (%)
-15.60%
11.13%
-33.61%
-25.99%
122.63%
-10.63%
30.19%
-66.24%
86.45%
130.78%
-33.51%
Change in YoY Net Profit Growth (%)
0.00%
26.73%
-44.74%
7.62%
148.62%
-133.26%
40.82%
-96.43%
152.70%
44.32%
-164.28%
Growth
Compounded Sales Growth
10 Years:
13%
5 Years:
7%
3 Years:
25%
TTM:
-3%
Compounded Profit Growth
10 Years:
7%
5 Years:
10%
3 Years:
47%
TTM:
9%
Stock Price CAGR
10 Years:
0%
5 Years:
19%
3 Years:
37%
1 Year:
67%
Return on Equity
10 Years:
13%
5 Years:
13%
3 Years:
17%
Last Year:
16%
Last Updated: September 7, 2024, 5:54 am
Oil & Natural Gas Corpn Ltd (ONGC) Balance Sheet
Last Updated: July 10, 2024, 8:14 pm
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Sep 2023
Equity Capital
4,278
4,278
4,278
4,278
4,278
6,417
6,417
6,290
6,290
6,290
6,290
6,290
6,290
Reserves
132,161
148,250
167,874
176,177
193,536
187,969
197,602
210,644
198,814
214,691
253,213
274,357
303,337
Borrowings
15,973
20,686
49,113
53,944
45,500
80,029
106,550
107,742
129,473
133,187
121,986
142,255
143,496
Other Liabilities
79,771
80,211
103,711
103,448
98,459
170,111
148,664
167,667
173,787
187,580
201,771
190,212
215,958
Total Liabilities
232,183
253,424
324,976
337,847
341,772
444,525
459,232
492,343
508,364
541,748
583,260
613,115
669,082
Fixed Assets
38,542
49,104
64,655
88,928
46,385
81,510
82,970
86,011
103,848
104,466
111,050
119,836
308,050
CWIP
49,698
53,385
72,034
63,393
57,668
59,042
61,512
69,056
83,832
100,309
106,719
113,945
78,464
Investments
2,921
2,128
4,746
4,749
33,387
70,746
67,335
66,909
56,755
60,320
66,642
78,873
81,470
Other Assets
141,022
148,807
183,541
180,776
204,332
233,227
247,416
270,367
263,929
276,653
298,848
300,461
201,097
Total Assets
232,183
253,424
324,976
337,847
341,772
444,525
459,232
492,343
508,364
541,748
583,260
613,115
669,082
Reserves and Borrowings Chart
Cash Flow
Month
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Mar 2024
Cash from Operating ActivityÂ
39,874
53,270
33,950
46,292
45,780
56,792
61,458
70,593
47,185
78,248
86,062
99,263
Cash from Investing ActivityÂ
-41,220
-63,633
-30,058
-38,256
-43,815
-66,798
-37,132
-53,159
-39,141
-41,197
-74,690
-57,203
Cash from Financing ActivityÂ
-6,927
15,225
-10,641
-8,972
-1,867
9,909
-23,324
-16,726
-8,239
-35,790
-12,876
-45,650
Net Cash Flow
-8,273
4,862
-6,749
-935
99
-97
1,001
708
-195
1,261
-1,504
-3,591
Free Cash Flow
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Free Cash Flow
45.00
23.00
0.00
-11.00
-6.00
-28.00
-50.00
-33.00
-77.00
-84.00
-42.00
-67.00
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.
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.
Undervalued: 25.23% compared to the current price ₹309.00
Intrinsic Value: 507.50
Calculation basis:
Fair 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.
Undervalued: 64.24% compared to the current price ₹309.00
Last 5 Year EPS CAGR: 31.15%
*Investments are subject to market risks
Strength and Weakness
Strength
Weakness
The stock has a high average ROCE of 15.50%, which is a positive sign.
The stock has a low average Working Capital Days of -16.67, which is a positive sign.
The stock has a low average Cash Conversion Cycle of -1.00, which is a positive sign.
The company has higher reserves (212,825.58 cr) compared to borrowings (95,303.83 cr), indicating strong financial stability.
The company has shown consistent growth in sales (326.62 cr) and profit (39.15 cr) over the years.
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):
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.
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.
ROE%: 14.6% (Industry Average ROE: 8.42%)
ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
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.
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.
Stock P/E: 8.52 (Industry average Stock P/E: 118.9)
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.
Total Debt / Equity: 0.35
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 Extraction of crude petroleum. Company’s Total Operating Revenue is Rs. 110318.87 Cr. and Equity Capital is Rs. 6290.14 Cr. for the Year ended 31/03/2022.
INDUSTRY
ADDRESS
CONTACT
Oil Drilling And Exploration
Plot No. 5A- 5B, Nelson Mandela Road, New Delhi Delhi 110070
Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.
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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