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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

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

Oil And Natural Gas Corporation Ltd. Share Price Update

Share PriceValue
Today₹266.95
Previous Day₹273.30

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

Market Cap 3,34,321 Cr.
Current Price 266
High / Low281/146
Stock P/E7.32
Book Value 246
Dividend Yield4.23 %
ROCE13.9 %
ROE14.1 %
Face Value 5.00

Data Source: screener.in

Competitors of Oil & Natural Gas Corpn Ltd (ONGC)

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Aban Offshore Ltd 422 Cr. 72.393.5/31.2 3,9520.00 %%% 2.00
Galaxy Surfactants Ltd 8,637 Cr. 2,4362,989/2,21827.4 5720.90 %23.6 %22.1 % 10.0
South West Pinnacle Exploration Ltd 361 Cr. 129192/92.044.1 42.50.39 %9.96 %7.32 % 10.0
Jindal Drilling & Industries Ltd 1,957 Cr. 675915/21319.5 3850.07 %13.1 %11.0 % 5.00
Selan Explorations Technology Ltd 760 Cr. 500592/22929.4 2460.00 %11.7 %8.96 % 10.0
Industry Average2,427.40 Cr762.4624.081,039.500.27%11.67%9.88%7.40

Oil & Natural Gas Corpn Ltd (ONGC) Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales83,619100,289114,124108,105122,066145,673155,949182,894168,656169,213164,067163,824146,874
Expenses69,75089,00998,63991,822104,270124,306131,900164,041155,311147,342144,593133,717118,618
Operating Profit13,86911,27915,48516,28317,79621,36724,04918,85313,34621,87119,47430,10728,255
OPM %17%11%14%15%15%15%15%10%8%13%12%18%19%
Other Income1,3712,3796,8831,7751,9132,8826071,6192,3152,804-4,7833,0693,233
Interest1,1791,1581,1161,4401,3771,3881,4911,6401,9932,1882,0682,3642,603
Depreciation5,6246,4957,5726,4236,2306,8507,3806,6114,4436,7846,7197,0726,698
Profit before tax8,4386,00613,68110,19412,10216,01115,78412,2219,22415,7025,90423,74022,187
Tax %33%39%20%33%-55%27%24%30%26%26%3%27%25%
Net Profit5,6753,63710,9636,84718,74911,63712,0618,5816,83011,6655,70117,38316,553
EPS in Rs3.352.007.524.7614.358.698.399.496.609.132.9511.2310.92

Oil & Natural Gas Corpn Ltd (ONGC) Quarterly Chart

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

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales140,147161,984174,121160,923124,036282,506322,706421,624396,728303,849491,246632,291643,977
Expenses94,797118,482124,991118,61084,901229,702265,817346,805344,623254,375411,373556,764544,270
Operating Profit45,35043,50149,13042,31239,13552,80456,88974,81952,10549,47379,87475,52799,707
OPM %32%27%28%26%32%19%18%18%13%16%16%12%15%
Other Income11,0755,4887,1705,9551,06712,72410,4299,56798211,2716,797-304,323
Interest4354846242,8643,7663,5914,9995,8377,4895,0795,6967,8899,224
Depreciation13,18711,76316,26218,03316,38420,21923,11223,70426,63525,53826,88324,55727,274
Profit before tax42,80436,74239,41327,37020,05241,71839,20854,84618,96230,12654,09143,05167,532
Tax %34%35%32%35%35%30%34%38%40%29%9%24%
Net Profit28,42823,99426,66517,70313,10229,16926,06833,93811,45621,36049,29432,77851,303
EPS in Rs21.9318.8720.6514.2910.0319.0317.2324.288.5912.9636.1928.1734.23
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:15%
5 Years:14%
3 Years:17%
TTM:-5%
Compounded Profit Growth
10 Years:5%
5 Years:12%
3 Years:37%
TTM:17%
Stock Price CAGR
10 Years:3%
5 Years:12%
3 Years:31%
1 Year:71%
Return on Equity
10 Years:12%
5 Years:13%
3 Years:14%
Last Year:14%

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

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters60.41%60.41%60.41%60.41%58.91%58.89%58.89%58.89%58.89%58.89%58.89%58.89%
FIIs8.08%8.06%8.08%8.87%9.91%9.97%8.96%8.43%7.97%8.11%8.38%9.20%
DIIs17.48%17.60%17.87%17.19%16.36%17.83%18.53%19.27%19.87%19.84%19.58%18.73%
Government0.00%0.00%0.00%0.00%0.00%0.00%10.30%10.30%10.30%10.30%10.30%10.30%
Public14.03%13.93%13.64%13.53%14.82%13.31%3.32%3.10%2.94%2.87%2.83%2.89%
No. of Shareholders11,61,50212,01,70811,77,18213,38,16013,62,79414,69,27316,58,80415,82,15315,48,72615,23,40615,13,38315,88,564

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)
Nippon India CPSE ETF25591144118.154988.99
ICICI Prudential Value Discovery Fund876607684.871708.95
SBI Nifty 50 ETF723493560.861410.45
ICICI Prudential Equity & Debt Fund600376514.181170.43
HDFC Flexi Cap Fund - Regular Plan410000001.89799.3
ICICI Prudential Multi Asset Fund395276492.76770.59
ICICI Prudential Bharat 22 ETF387183845.82754.23
ICICI Prudential India Opportunities Fund305474044.31595.52
ICICI Prudential Bluechip Fund293177081.29571.55
UTI Nifty 50 ETF198011980.86386.02

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 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)28.1736.1912.928.5923.81
Diluted EPS (Rs.)28.1736.1912.928.5923.81
Cash EPS (Rs.)48.5360.0336.4629.5443.31
Book Value[Excl.RevalReserv]/Share (Rs.)239.47225.22192.84177.67187.79
Book Value[Incl.RevalReserv]/Share (Rs.)239.47225.22192.84177.67187.79
Revenue From Operations / Share (Rs.)502.63390.51241.65315.38334.96
PBDIT / Share (Rs.)69.4370.0546.7348.6365.81
PBIT / Share (Rs.)46.9348.0326.4327.4646.71
PBT / Share (Rs.)34.1941.8323.1214.3340.81
Net Profit / Share (Rs.)26.0338.0216.168.3624.21
NP After MI And SOA / Share (Rs.)28.1736.1912.928.5924.24
PBDIT Margin (%)13.8117.9319.3315.4219.64
PBIT Margin (%)9.3312.3010.938.7013.94
PBT Margin (%)6.8010.719.564.5412.18
Net Profit Margin (%)5.179.736.682.657.22
NP After MI And SOA Margin (%)5.609.265.342.727.23
Return on Networth / Equity (%)12.6217.547.355.2613.97
Return on Capital Employeed (%)12.2413.197.918.9716.02
Return On Assets (%)5.767.772.992.116.15
Long Term Debt / Equity (X)0.350.330.350.350.24
Total Debt / Equity (X)0.460.410.490.500.46
Asset Turnover Ratio (%)0.300.250.160.240.28
Current Ratio (X)0.860.830.750.640.69
Quick Ratio (X)0.520.400.390.380.42
Inventory Turnover Ratio (X)0.120.120.320.340.38
Dividend Payout Ratio (NP) (%)49.6925.1414.0667.0931.61
Dividend Payout Ratio (CP) (%)27.6315.635.4619.3617.68
Earning Retention Ratio (%)50.3174.8685.9432.9168.39
Cash Earning Retention Ratio (%)72.3784.3794.5480.6482.32
Interest Coverage Ratio (X)11.0715.4711.578.1714.18
Interest Coverage Ratio (Post Tax) (X)6.189.774.823.616.49
Enterprise Value (Cr.)310615.17330950.56252750.74199126.22315827.97
EV / Net Operating Revenue (X)0.490.670.830.500.74
EV / EBITDA (X)3.563.764.303.253.81
MarketCap / Net Operating Revenue (X)0.300.410.420.210.47
Retention Ratios (%)50.3074.8585.9332.9068.38
Price / BV (X)0.670.790.580.410.92
Price / Net Operating Revenue (X)0.300.410.420.210.47
EarningsYield0.180.220.120.120.15

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 / Intrinsic Value of Oil & Natural Gas Corpn Ltd (ONGC) Stock

Fair Value: ₹264.64

The stock is overvalued by 0.51% compared to the current price ₹266

*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 (326.85 cr) and profit (39.23 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 39.11 and average Dividend Yield of 11.04%.

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