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75% Buy

ONGC Share Price

ONGC

₹283.25-₹0.20 (-0.07%) TodayLast updated on 24 May, 2024 | 03:59 PM IST
₹281.85₹285.95
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Company overview

Financial performance

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Market cap

Market Cap Switch₹3,56,588 Crs

Open

₹284.00

Close

₹283.45

Circuit range

₹311.75 - ₹255.10

Day range

₹281.85 - ₹285.95

Year range

₹150.05 - ₹292.95

Volume

1,10,41,667

Avg. traded

₹283.96

Revenue (12m)

₹6,43,037 Crs

ONGC

The Oil and Natural Gas Corporation Limited (ONGC) is the largest crude oil and natural gas company in India.

Headquartered in New Delhi, the company was incorporated as a government-owned entity in August 1956. Over the years, ONGC has evolved into one of the largest oil and gas explorers in the world. The public sector undertaking of the Ministry of Petroleum and Natural Gas produces approximately 70% of India's crude oil and around 84% of natural gas.

Recognising its significance, the Government accorded ONGC the Maharatna status in November 2010. The government has a 58.89% stake in the company (as of September 30, 2023).

As of December 14, 2023, ONGC’s market capitalisation stood at ₹2.52 lakh crore. ONGC share price has more than doubled in the last three years.

ONGC business operations

ONGC is primarily engaged in exploration and production of crude oil, natural gas and LPG. The company also produces various value-added petroleum products like NGL, C2-C3, aromatic-rich naphtha and kerosene.

The company operates through two subsidiaries, ONGC Videsh Limited (OVL) and Mangalore Refinery & Petrochemicals Limited (MRPL), along with 10 joint ventures and associates.

ONGC is India’s sole fully integrated oil and gas company, overseeing the complete hydrocarbon value chain. Responsible for discovering seven of the eight oil and gas-producing basins in India, this energy giant has identified 8.98 billion tonnes of in-place hydrocarbon reserves. With a portfolio of more than 570 oil and gas discoveries, ONGC holds reserves of 3.13 billion metric tonnes (BMT) of oil-plus-oil equivalent gas (O+OEG) from domestic sites.

Its cumulative production includes 1,042 million metric tonnes (MMT) of crude oil and 715 billion cubic metres (BCM) of natural gas. Contributing approximately 71% to India's domestic production, ONGC generates over 1.26 million barrels of oil equivalent per day.

Maintaining the largest share of hydrocarbon acreages in India, ONGC owns and operates about 15% of the country's total refining capacity. The PSU also holds a 12.5% stake in Petronet LNG. Some of the most notable ONGC subsidiaries are Hindustan Petroleum, Imperial Energy Corporation and Petronet LNG.

ONGC’s oil production stood at 16.88 million tonnes between April and February of the fiscal year 2022-23. ONGC has announced plans to invest significantly in exploring deepwater and ultra-deepwater areas in the current fiscal.

In FY23, ONGC’s standalone crude oil production reached 19.584 million metric tonnes (MMT), while standalone gas production amounted to 20.628 billion cubic metres (BCM). In FY22, the figure was 19.545 MMT of crude oil and 20.907 BCM of gas. ONGC’s total oil and gas production, including joint ventures, amounted to 42.836 million metric tonnes of oil equivalent (MMTOE), slightly lower than the previous fiscal year's 43.387 MMTOE.

Financial highlights

Consolidated revenue of the company in FY 2022-23 stood at ₹6,32,325 crore, up 28.7% year-on-year compared to ₹4,91,269 crore in FY22. The PSU reported a profit of ₹32,743 crore in FY23 as against ₹47,830 crore in FY22. Total income of ONGC stood at ₹6,40,400 crore in FY23 compared to ₹4,98,707 crore in preceding fiscal. The company made a total capital expenditure of ₹4,355 crore in FY23. Its earnings per share (EPS) decreased to ₹28.17 in FY23 from ₹36.19 in the last financial year.

ONGC Key indicators

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52 week high

₹292.95

52 week low

₹150.05

P/E ratio

7.32

P/B ratio

1.05

ROE

15.69%

ROCE

20.88%

Dividend yield

4.22%

Debt/Equity ratio

0.03

EPS

30.86

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Investment checklist: (4/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

75%

Hold

17%

Sell

8%

This analysis is based on the reviews of 24 experts in the last 7 days

Brands by ONGC

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HPCL

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MRPL

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ONGC

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

50.88%

Net profit margin

24.97%

ROE

15.69%

ROA

11.03%

ROCE

20.88%

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ONGC Shareholder returns

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1 day

+1.96%

1 week

+2.09%

1 month

+2.40%

3 months

+4.13%

1 year

+71.79%

3 years

+151.40%

5 years

+62.76%

Revenue statement

All values are in ₹ Crores (Cr)
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Cash flow

All values are in ₹ Crores (Cr)
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Balance sheet

All values are in ₹ Crores (Cr)
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ONGC Share Price history

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DayOpenCloseDay’s change
Thu, May 23 2024
₹279.95
₹283.45
+1.96%
Wed, May 22 2024
₹284.00
₹278.00
-0.75%
Tue, May 21 2024
₹281.10
₹280.10
+0.39%
Sat, May 18 2024
₹280.30
₹279.00
+0.56%
Fri, May 17 2024
₹278.80
₹277.45
-0.07%
Thu, May 16 2024
₹276.00
₹277.65
+1.54%
Wed, May 15 2024
₹274.50
₹273.45
+0.20%
Tue, May 14 2024
₹267.95
₹272.90
+2.25%

Shareholding info

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Promoters (58.89%)

Mutual Funds (7.35%)

Retail and other (3.05%)

Foreign institutions-FII (8.88%)

Other domestic institutions (21.83%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹4/share

    Ex date 16 Feb 2024

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  • Dividend • ₹5.75/share

    Ex date 21 Nov 2023

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  • Dividend • ₹0.5/share

    Ex date 18 Aug 2023

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  • Dividend • ₹4/share

    Ex date 24 Feb 2023

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  • Dividend • ₹6.75/share

    Ex date 21 Nov 2022

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  • Dividend • ₹3.25/share

    Ex date 18 Aug 2022

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  • Dividend • ₹1.75/share

    Ex date 21 Feb 2022

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  • Dividend • ₹5.5/share

    Ex date 22 Nov 2021

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Frequently asked questions