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Last Updated on: 12 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 500312 | NSE: ONGC

Fundamental Analysis of Oil & Natural Gas Corpn Ltd (ONGC)

About the Company - Oil & Natural Gas Corpn Ltd (ONGC)

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.
INDUSTRYADDRESSCONTACT
Oil Drilling And ExplorationPlot No. 5A- 5B, Nelson Mandela Road, New Delhi Delhi 110070secretariat@ongc.co.in
https://ongcindia.com
Management
NamePosition Held
Mr. Arun Kumar SinghChairman & CEO
Mr. Om Prakash SinghDirector
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
Mrs. Pomila JaspalDirector - Finance
Ms. Sushma RawatDirector
Mr. Manish PatilDirector - Human Resources
Mr. Praveen Mal KhanoojaGovernment Nominee Director

Basic Stock Data of Oil & Natural Gas Corpn Ltd (ONGC)

Last Updated: June 13, 2024, 5:27 am

Market Cap 3,44,134 Cr.
Current Price 274
High / Low293/154
Stock P/E6.85
Book Value 268
Dividend Yield4.11 %
ROCE18.4 %
ROE16.3 %
Face Value 5.00
PEG Ratio0.22

Competitors of Oil & Natural Gas Corpn Ltd (ONGC)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aban Offshore Ltd 424 Cr. 72.693.5/38.4 4,0900.00 %%% 2.00
Jindal Drilling & Industries Ltd 1,862 Cr. 643915/33416.3 4060.08 %12.0 %10.2 % 5.00
Oil India Ltd 70,329 Cr. 649690/2418.96 4463.08 %17.7 %18.1 % 10.0
South West Pinnacle Exploration Ltd 333 Cr. 119192/97.347.1 44.60.42 %9.12 %5.85 % 10.0
Galaxy Surfactants Ltd 9,472 Cr. 2,6722,989/2,24131.4 6150.82 %17.4 %14.8 % 10.0
Industry Average16,484.00 Cr831.1220.751,120.320.88%11.24%9.79%7.40

Oil & Natural Gas Corpn Ltd (ONGC) Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales100,289114,124108,105122,066145,673155,949182,894168,656169,213164,067163,824146,874165,569
Expenses89,00998,63991,822104,270124,306131,900164,041155,311147,346144,593133,717118,618145,545
Operating Profit11,27915,48516,28317,79621,36724,04918,85313,34621,86719,47430,10728,25520,024
OPM %11%14%15%15%15%15%10%8%13%12%18%19%12%
Other Income2,3796,8831,7751,9132,8826071,6192,3152,807-4,7833,0693,2334,130
Interest1,1581,1161,4401,3771,3881,4911,6401,9932,1882,0682,3642,6032,544
Depreciation6,4957,5726,4236,2306,8507,3806,6114,4436,7846,7197,0726,6987,094
Profit before tax6,00613,68110,19412,10216,01115,78412,2219,22415,7025,90423,74022,18714,516
Tax %39%20%33%-55%27%24%30%26%26%3%27%25%26%
Net Profit3,63710,9636,84718,74911,63712,0618,5816,83011,6655,70117,38316,55310,748
EPS in Rs2.007.524.7614.358.698.399.496.609.132.9511.2310.928.23

Last Updated: April 10, 2024, 4:21 am

Oil & Natural Gas Corpn Ltd (ONGC) Quarterly Chart

Oil & Natural Gas Corpn Ltd (ONGC) Profit & Loss

Last Updated: May 27, 2024, 5:51 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales140,147161,984174,121160,923124,036282,506322,706421,624396,728303,849491,246632,291640,333
Expenses94,797118,482124,991118,61084,901229,702265,817346,805344,623254,375411,373556,764542,473
Operating Profit45,35043,50149,13042,31239,13552,80456,88974,81952,10549,47379,87475,52797,860
OPM %32%27%28%26%32%19%18%18%13%16%16%12%15%
Other Income11,0755,4887,1705,9551,06712,72410,4299,56798211,2716,797-305,650
Interest4354846242,8643,7663,5914,9995,8377,4895,0795,6967,8899,580
Depreciation13,18711,76316,26218,03316,38420,21923,11223,70426,63525,53826,88324,55727,584
Profit before tax42,80436,74239,41327,37020,05241,71839,20854,84618,96230,12654,09143,05166,347
Tax %34%35%32%35%35%30%34%38%40%29%9%24%
Net Profit28,42823,99426,66517,70313,10229,16926,06833,93811,45621,36049,29432,77850,386
EPS in Rs21.9318.8720.6514.2910.0319.0317.2324.288.5912.9636.1928.1733.33
Dividend Payout %30%34%31%44%56%40%38%29%58%28%29%40%

Oil & Natural Gas Corpn Ltd (ONGC) Profit & Loss Yearly Chart

Oil & Natural Gas Corpn Ltd (ONGC) Growth

Compounded Sales Growth
10 Years:14%
5 Years:9%
3 Years:28%
TTM:2%
Compounded Profit Growth
10 Years:7%
5 Years:10%
3 Years:47%
TTM:32%
Stock Price CAGR
10 Years:-1%
5 Years:9%
3 Years:28%
1 Year:67%
Return on Equity
10 Years:13%
5 Years:13%
3 Years:17%
Last Year:16%

Last Updated: June 10, 2024, 4:34 pm

Oil & Natural Gas Corpn Ltd (ONGC) Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital4,2784,2784,2784,2784,2786,4176,4176,2906,2906,2906,2906,2906,290
Reserves132,161148,250167,874176,177193,536187,969197,602210,644198,814214,691253,213274,357303,337
Borrowings15,97320,68649,11353,94445,50080,029106,550107,742129,473133,187121,986142,255143,496
Other Liabilities79,77180,211103,711103,44898,459170,111148,664167,667173,787187,580201,771190,212215,958
Total Liabilities232,183253,424324,976337,847341,772444,525459,232492,343508,364541,748583,260613,115669,082
Fixed Assets38,54249,10464,65588,92846,38581,51082,97086,011103,848104,466111,050119,836308,050
CWIP49,69853,38572,03463,39357,66859,04261,51269,05683,832100,309106,719113,94578,464
Investments2,9212,1284,7464,74933,38770,74667,33566,90956,75560,32066,64278,87381,470
Other Assets141,022148,807183,541180,776204,332233,227247,416270,367263,929276,653298,848300,461201,097
Total Assets232,183253,424324,976337,847341,772444,525459,232492,343508,364541,748583,260613,115669,082

Oil & Natural Gas Corpn Ltd (ONGC) Reserves and Borrowings Chart

Oil & Natural Gas Corpn Ltd (ONGC) Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 46,12939,87453,27033,95046,29245,78056,79261,45870,59347,18578,24884,211
Cash from Investing Activity -38,375-41,220-63,633-30,058-38,256-43,815-66,798-37,132-53,159-39,141-41,197-72,799
Cash from Financing Activity 102-6,92715,225-10,641-8,972-1,8679,909-23,324-16,726-8,239-35,790-12,916
Net Cash Flow7,856-8,2734,862-6,749-93599-971,001708-1951,261-1,504

Oil & Natural Gas Corpn Ltd (ONGC) Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days31353443251616138191411
Inventory Days10880796510565564846859061
Days Payable13911215517529051484131516646
Cash Conversion Cycle-03-43-67-16130242123543927
Working Capital Days-19-1-29-18-46-57-9-2-203-6-9
ROCE %29%23%20%13%13%17%14%19%10%9%16%14%

Oil & Natural Gas Corpn Ltd (ONGC) Financial Efficiency Indicators Chart

Oil & Natural Gas Corpn Ltd (ONGC) Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters60.41%60.41%60.41%58.91%58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%
FIIs8.06%8.08%8.87%9.91%9.97%8.96%8.43%7.97%8.11%8.38%9.20%8.88%
DIIs17.60%17.87%17.19%16.36%17.83%18.53%19.27%19.87%19.84%19.58%18.73%18.88%
Government0.00%0.00%0.00%0.00%0.00%10.30%10.30%10.30%10.30%10.30%10.30%10.30%
Public13.93%13.64%13.53%14.82%13.31%3.32%3.10%2.94%2.87%2.83%2.89%3.05%
No. of Shareholders12,01,70811,77,18213,38,16013,62,79414,69,27316,58,80415,82,15315,48,72615,23,40615,13,38315,88,56417,90,074

Oil & Natural Gas Corpn Ltd (ONGC) Shareholding Pattern Chart

No. of Oil & Natural Gas Corpn Ltd (ONGC) Shareholders

Oil & Natural Gas Corpn Ltd (ONGC) Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India CPSE ETF238,366,54017.646389.429,824,3502024-06-112326.28%
HDFC Flexi Cap Fund - Regular Plan24,000,0001.27643.329,824,3502024-06-11144.29%
HDFC Top 100 Fund - Regular Plan10,501,9200.87281.59,824,3502024-06-116.9%
Aditya Birla Sun Life PSU Equity Fund9,850,8607.76264.059,824,3502024-06-110.27%
HDFC Balanced Advantage Fund - Regular Plan9,824,3500.33263.349,824,3502024-06-110%
Nippon India ETF Nifty 50 BeES9,388,1611.06251.659,824,3502024-06-11-4.44%
Aditya Birla Sun Life ELSS Tax Saver Fund8,450,0001.51226.59,824,3502024-06-11-13.99%
Nippon India Value Fund7,700,0002.9206.49,824,3502024-06-11-21.62%
HDFC ELSS Tax Saver Fund7,000,0001.34187.649,824,3502024-06-11-28.75%
HDFC Arbitrage Fund - Regular Plan6,691,3001.65179.369,824,3502024-06-11-31.89%

Oil & Natural Gas Corpn Ltd (ONGC) ROCE Trend

Oil & Natural Gas Corpn Ltd (ONGC) EPS Trend

Oil & Natural Gas Corpn Ltd (ONGC) Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)39.1328.1736.1912.928.59
Diluted EPS (Rs.)39.1328.1736.1912.928.59
Cash EPS (Rs.)66.3548.5360.0336.4629.54
Book Value[Excl.RevalReserv]/Share (Rs.)290.21239.47225.22192.84177.67
Book Value[Incl.RevalReserv]/Share (Rs.)290.21239.47225.22192.84177.67
Revenue From Operations / Share (Rs.)511.15502.63390.51241.65315.38
PBDIT / Share (Rs.)91.4669.4370.0546.7348.63
PBIT / Share (Rs.)68.5946.9348.0326.4327.46
PBT / Share (Rs.)59.1934.1941.8323.1214.33
Net Profit / Share (Rs.)43.4826.0338.0216.168.36
NP After MI And SOA / Share (Rs.)39.1328.1736.1912.928.59
PBDIT Margin (%)17.8913.8117.9319.3315.42
PBIT Margin (%)13.419.3312.3010.938.70
PBT Margin (%)11.586.8010.719.564.54
Net Profit Margin (%)8.505.179.736.682.65
NP After MI And SOA Margin (%)7.655.609.265.342.72
Return on Networth / Equity (%)14.6012.6217.547.355.26
Return on Capital Employeed (%)15.4312.2413.197.918.97
Return On Assets (%)6.935.767.772.992.11
Long Term Debt / Equity (X)0.230.350.330.350.35
Total Debt / Equity (X)0.350.460.410.490.50
Asset Turnover Ratio (%)0.970.300.250.160.24
Current Ratio (X)0.880.860.830.750.64
Quick Ratio (X)0.530.520.400.390.38
Inventory Turnover Ratio (X)3.590.120.120.320.34
Dividend Payout Ratio (NP) (%)0.0049.6925.1414.0667.09
Dividend Payout Ratio (CP) (%)0.0027.6315.635.4619.36
Earning Retention Ratio (%)0.0050.3174.8685.9432.91
Cash Earning Retention Ratio (%)0.0072.3784.3794.5480.64
Interest Coverage Ratio (X)11.2911.0715.4711.578.17
Interest Coverage Ratio (Post Tax) (X)6.536.189.774.823.61
Enterprise Value (Cr.)448048.88310615.17330950.56252750.74199126.22
EV / Net Operating Revenue (X)0.690.490.670.830.50
EV / EBITDA (X)3.893.563.764.303.25
MarketCap / Net Operating Revenue (X)0.520.300.410.420.21
Retention Ratios (%)0.0050.3074.8585.9332.90
Price / BV (X)0.990.670.790.580.41
Price / Net Operating Revenue (X)0.520.300.410.420.21
EarningsYield0.140.180.220.120.12

Oil & Natural Gas Corpn Ltd (ONGC) Profitability Ratios (%)

Oil & Natural Gas Corpn Ltd (ONGC) Liquidity Ratios

Oil & Natural Gas Corpn Ltd (ONGC) Liquidity Ratios (%)

Oil & Natural Gas Corpn Ltd (ONGC) Interest Coverage Ratios (%)

Oil & Natural Gas Corpn Ltd (ONGC) Valuation Ratios

Fair Value

Fair Value: 311.53

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.

Undervalued: 13.70% compared to the current price 274

Intrinsic Value: 408.58

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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 49.12% compared to the current price ₹274

Last 5 Year EPS CAGR: 31.15%

*Investments are subject to market risks

Strength and Weakness of Oil & Natural Gas Corpn Ltd (ONGC) Stock

StrengthWeakness
  1. The stock has a high average ROCE of 16.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -17.75, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -4.17, which is a positive sign.
  4. The company has higher reserves (204,509.62 cr) compared to borrowings (88,456.46 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (326.62 cr) and profit (39.15 cr) over the years.

    FAQ

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

    The latest fair value of Oil & Natural Gas Corpn Ltd (ONGC) is ₹311.53.

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

    The Market Cap of Oil & Natural Gas Corpn Ltd (ONGC) is 3,44,134 Cr..

    What is the current Stock Price of Oil & Natural Gas Corpn Ltd (ONGC) as on 12 June 2024?

    The current stock price of Oil & Natural Gas Corpn Ltd (ONGC) as on 12 June 2024 is ₹274.

    What is the High / Low of Oil & Natural Gas Corpn Ltd (ONGC) stocks in FY 2024?

    In FY 2024, the High / Low of Oil & Natural Gas Corpn Ltd (ONGC) stocks is 293/154.

    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 6.85.

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

    The Book Value of Oil & Natural Gas Corpn Ltd (ONGC) is 268.

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

    The Dividend Yield of Oil & Natural Gas Corpn Ltd (ONGC) is 4.11 %.

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

    The ROCE of Oil & Natural Gas Corpn Ltd (ONGC) is 18.4 %.

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

    The ROE of Oil & Natural Gas Corpn Ltd (ONGC) is 16.3 %.

    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.

    About the Author

    Author Avatar
    Getaka

    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