MarketFriction

Oil & Natural Gas Corpn Ltd

NSE ONGC · BSE 500312 · Oil Exploration & Production
₹222.37 -1.52%
NSE close2026-10-01
52 week range223.60 - 307.50
Market cap₹2,89,346 Cr.
P/E6.62
Nifty 50Nifty 100Nifty 200Nifty 500Nifty EnergyNifty Oil & GasNifty CPSENifty PSENifty InfrastructureNifty Commodities No price band Delivery 62.9%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales147,614167,357172,137168,968159,331167,213167,749163,106157,911167,423173,801204,987
Expenses119,534146,996148,913147,183138,757142,858145,983137,336131,390142,088148,449189,502
Operating Profit28,08020,36023,22421,78520,57424,35421,76625,77026,52125,33525,35215,485
OPM %19%12%13%13%13%15%13%16%17%15%15%8%
Other Income3,6734,2993,3753,5354,1622,4153,5482,4643,4473,4505,7023,858
Interest3,2433,2033,6083,6943,8273,7503,2643,3413,4113,2073,0702,854
Depreciation7,0797,4948,4208,5018,2549,5398,9129,3849,2739,3889,3459,477
Profit before tax21,43113,96214,57013,12512,65513,48013,13715,50917,28416,19018,6407,012
Tax %25%25%24%26%22%28%32%26%27%26%27%7%
Net Profit16,17110,51111,0969,7769,8419,7478,96511,55412,61511,94613,6786,554
EPS in Rs10.898.517.977.938.146.825.917.798.577.968.609.46
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales124,036282,506322,706421,624396,728303,849491,246632,291601,581612,064608,663704,123
Expenses84,901229,702265,817346,805344,623254,375411,373556,764499,198523,207505,543611,429
Operating Profit39,13552,80456,88974,81952,10549,47379,87475,527102,38388,857103,12092,694
OPM %32%19%18%18%13%16%16%12%17%15%17%13%
Other Income1,06712,72410,4299,56798211,2716,797-3014,71213,28214,92316,458
Interest3,7663,5914,9995,8377,4895,0795,6967,88913,02614,53513,02912,541
Depreciation16,38420,21923,11223,70426,63525,53826,88324,55730,44035,20637,39137,484
Profit before tax20,05241,71839,20854,84618,96230,12654,09143,05173,62952,39867,62359,127
Tax %35%30%34%38%40%29%9%24%25%27%26%
Net Profit13,10229,16926,06833,93811,45621,36049,29432,77855,27338,32949,79344,793
EPS in Rs10.0319.0317.2324.288.5912.9636.1928.1739.0628.8032.9334.59
Dividend Payout %56%40%38%29%58%28%29%40%31%43%22%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%15%-1%7%
Compounded Profit Growth9%21%1%21%
Stock Price CAGR3%9%6%-4%
Return on Equity13%14%13%12%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4,2784,2786,4176,4176,2906,2906,2906,2906,2906,2906,2906,290
Reserves176,177193,536187,969197,602210,644198,814214,691253,213274,357332,779337,150365,478
Borrowings53,94445,50080,029106,550107,742129,473133,187121,986142,255191,195187,817174,316
Other Liabilities103,44898,459170,111148,664167,667173,787187,580201,771190,212206,357221,401239,518
Total Liabilities337,847341,772444,525459,232492,343508,364541,748583,260613,115736,621752,658785,602
Fixed Assets179,933166,277211,125226,058230,391243,892243,746254,402250,819317,183340,175346,073
CWIP63,39357,66859,04261,51269,05683,832100,309106,719113,945118,729112,614116,272
Investments4,74933,38770,74667,33566,90956,75560,32066,64278,873100,86295,617101,084
Other Assets89,77184,440103,612104,328125,987123,884137,372155,496169,478199,847204,252222,173
Total Assets337,847341,772444,525459,232492,343508,364541,748583,260613,115736,621752,658785,602
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity33,95046,29245,78056,79261,45870,59347,18578,24884,21198,84790,856112,719
Cash from Investing Activity-30,058-38,256-43,815-66,798-37,132-53,159-39,141-41,197-72,799-57,423-42,879-57,419
Cash from Financing Activity-10,641-8,972-1,8679,909-23,324-16,726-8,239-35,790-12,916-45,009-47,908-56,331
Net Cash Flow-6,749-93599-971,001708-1951,261-1,504-3,58668-1,031
Free Cash Flow17,05331,19925,44529,06135,69728,73515,14745,15847,75860,96550,14372,219
CFO/OP102%138%105%119%103%155%111%115%132%111%118%128%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days43251616138191411121313
Inventory Days65105655648468590618799119
Days Payable17529051484131516646616484
Cash Conversion Cycle-67-16130242123543927384748
Working Capital Days-30-59-85-61-44-54-50-24-30-46-37-37
ROCE %13%13%17%14%19%10%9%16%14%18%12%14%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%
FIIs8.38%9.20%8.88%8.57%8.12%7.53%7.11%7.08%6.98%7.43%7.97%8.01%
DIIs19.58%18.73%18.88%18.75%19.04%19.40%19.93%19.85%19.96%19.69%19.30%19.31%
Government10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%10.30%
Public2.83%2.89%3.05%3.50%3.65%3.88%3.76%3.88%3.87%3.69%3.54%3.50%
No. of Shareholders15,13,38315,88,56417,90,07421,41,47927,88,15330,50,31230,30,75930,21,30129,59,51328,56,48927,77,88827,36,414

Fundamentals

Market Cap₹ 2,89,346 Cr.
Current Price₹ 230
Stock P/E6.62
Book Value₹ 296
ROCE14.2 %
ROE11.6 %
Dividend Yield5.76 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)7%
Compounded Profit Growth (TTM)21%
Consolidated figures.
Valuation
Market capRs 279,748 Cr
Enterprise valueRs 421,885 Cr
P/E (TTM)6.43x
Price to book0.75x
Price to sales0.40x
EV / EBITDA3.87x
EV / EBIT5.89x
EV / sales0.60x
Price to cash flow2.48x
Earnings yield15.56%
Dividend yield3.26%
P/E, 3-year average8.02x
P/B, 3-year average0.95x
P/E, 5-year average6.79x
P/B, 5-year average0.87x
Profitability
Operating margin (excl. other income)16.94%
Operating margin (incl. other income)19.39%
EBITDA margin15.50%
Pre-tax margin8.40%
Net profit margin6.18%
Net margin, latest quarter5.80%
ROE11.58%
ROCE14.97%
ROA5.39%
ROE, 3-year average12.69%
ROCE, 3-year average15.26%
ROA, 3-year average5.84%
ROE, 5-year average14.03%
ROCE, 5-year average14.94%
ROA, 5-year average6.31%
ROIC (approx.)10.27%
Tax rate26.37%
Other income / net worth4.01%
Growth
Sales growth (latest year)-0.56%
Profit growth (latest year)14.35%
Sales CAGR, 3 years-1.26%
Sales CAGR, 5 years14.91%
Profit CAGR, 3 years5.34%
Profit CAGR, 5 years20.50%
Sales growth QoQ17.94%
Profit growth QoQ9.98%
Sales growth YoY (latest quarter)25.68%
Profit growth YoY (latest quarter)21.37%
Per share
EPS (TTM)Rs 34.59
EPS (latest year)Rs 32.93
EPS (latest quarter)Rs 9.46
EPS, 3-year averageRs 33.60
EPS, 5-year averageRs 33.03
Book value per shareRs 295.52
Sales per shareRs 559.70
Cash flow per shareRs 89.60
Free cash flow per shareRs 57.41
Dividend per share (latest year)Rs 7.25
Dividend per share, 3-year averageRs 10.58
Dividend per share, 5-year averageRs 10.70
Dividends
Dividend payout22.02%
Dividend payout, 3-year average31.97%
Dividend payout, 5-year average32.97%
Efficiency
Asset turnover0.77x
Fixed asset turnover1.76x
Inventory turnover6.67x
Inventory days55 days
Debtor days13 days
Debtors turnover27.65x
Creditor days84 days
Cash conversion cycle48 days
Working capital days-37 days
Leverage
Total debtRs 174,316 Cr
Cash and bankRs 32,179 Cr
Net debtRs 142,137 Cr
Debt to equity0.47x
Net debt / EBITDA1.30x
Interest coverage5.71x
Current ratio (filing 2026-03-31)0.84x
Quick ratio (filing 2026-03-31)0.46x
Trade payables (filing 2026-03-31)Rs 46,933 Cr
Owners' fund to total sources47.32%
Debt to assets22.19%
Cash flow
Cash from Operating Activity (latest year)Rs 112,719 Cr
Cash from Investing Activity (latest year)Rs -57,419 Cr
Cash from Financing Activity (latest year)Rs -56,331 Cr
Net Cash Flow (latest year)Rs -1,031 Cr
Free cash flow (latest year)Rs 72,219 Cr
FCFE (approx.: FCF + change in debt)Rs 58,718 Cr
Cash from ops / profit, 5 years2.06x
Sales to cash flow5.40x
Statement figures
Net sales (TTM)Rs 704,123 Cr
Net sales (latest year)Rs 608,663 Cr
Sales (latest quarter)Rs 204,987 Cr
Operating profit excl. other income (latest year)Rs 103,120 Cr
Operating profit (latest quarter)Rs 15,485 Cr
Other income (TTM)Rs 16,458 Cr
EBITDA (TTM)Rs 109,152 Cr
PBDT (TTM)Rs 96,611 Cr
Profit before tax (TTM)Rs 59,127 Cr
Tax (latest year)Rs 17,830 Cr
Net profit (TTM)Rs 43,519 Cr
Net profit (latest year)Rs 41,424 Cr
Net profit (latest quarter)Rs 11,899 Cr
Depreciation (TTM)Rs 37,484 Cr
Depreciation (latest quarter)Rs 9,477 Cr
Interest (TTM)Rs 12,541 Cr
Cost of goods sold (latest year)Rs 441,037 Cr
Total expenditure (latest year)Rs 505,543 Cr
Total income (latest year)Rs 623,585 Cr
Share capitalRs 6,290 Cr
ReservesRs 365,478 Cr
Shareholders' fundsRs 371,768 Cr
Total assetsRs 785,602 Cr
Net blockRs 346,073 Cr
Capital work in progressRs 116,272 Cr
InvestmentsRs 101,084 Cr
ReceivablesRs 22,014 Cr
InventoryRs 66,119 Cr
Other liabilitiesRs 239,518 Cr
Shares outstanding (crore)1,258.03
Ownership
Promoter holding58.89% (+0.00 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 6.4 is at the 24th percentile of its own 9.4-year range (median 8.4, low 2.8, high 13.3).
P/B 0.75 is at the 28th percentile (median 0.87).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodONGCNifty 50Difference
1 week-7.0%-2.8% -4.2 pts
1 month-6.0%-6.8% +0.8 pts
3 months-6.5%-7.6% +1.1 pts
6 months-21.9%+0.4% -22.3 pts
1 year-7.2%-9.9% +2.7 pts
2 years-24.7%-13.6% -11.2 pts
3 years+15.9%+14.2% +1.7 pts
5 years+52.0%+27.9% +24.2 pts
304 mutual fund schemes hold about ₹14,764 Cr. Over three months 115 bought more and 68 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
ICICI Pru Value Fund1.55%930 +6%
ICICI Pru Large Cap Fund0.96%771 -3%
ICICI Pru Multi Asset Allocation Fund0.64%566 +10%
SBI Energy Opportunities Fund6.77%564 +10%
SBI Contra Fund1.16%554 +5%
ICICI Pru Energy Opportunities Fund5.26%435 -9%
ICICI Pru Aggressive Hybrid Fund(A0.70%365 -29%
SBI PSU Fund5.07%340 +5%
HDFC Balanced Advantage Fund0.28%303 +5%
HDFC Flexi Cap Fund0.26%297 -43%
ICICI Pru India Opp Fund0.77%296 +3%
SBI ELSS Tax Saver Fund0.88%278 -42%
SBI Balanced Advantage Fund0.64%271 +2%
Kotak Arbitrage Fund(M0.35%268 -16%
SBI Multi Asset Allocation Fund(A1.27%267 -2%
Mirae Asset Large & Midcap Fund0.57%263 -16%
Nippon India Focused Fund2.98%258 +12%
UTI Nifty 50 Index Fund0.82%241 +5%
Bandhan Value Fund2.09%209 +12%
HDFC Nifty 50 Index Fund0.82%198 +5%
Aditya Birla SL PSU Equity Fund3.00%182 +5%
Quant Multi Asset Allocation Fund2.56%167 -3%
Motilal Oswal BSE Enhanced Value Index Fund7.01%158 +7%
Nippon India Multi Asset Allocation Fund0.84%151 -6%
ICICI Pru Arbitrage Fund0.43%149 -0%

Red flags

F-score 7 of 8
lookAuditor change Auditor change 2026-09-08: Oil & Natural Gas Corporation Limited has informed the Exchange regarding Change in Auditors of the company.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Insider trades

NSE insider and takeover-code disclosures
DateWhoRoleSideSharesValueHow
2022-04-13The President of India (acting thrPromotersother2,037,177Rs 32.55 CrOff Market
2022-03-31The President of India (acting thrPromotersother94,352,094Rs 1500.20 CrOthers
2022-03-30The President of India (acting thrPromotersother94,352,094Rs 1500.20 CrOthers
2020-02-03The President of India (acting foPromotersother298,408,048Rs 3185.28 CrOff Market
2017-11-24The President of India( acting thrPromoter Groupother45,618,254Rs 22.81 CrOff Market
2017-03-22The President of India( acting thrPromotersother34,238,793Rs 17.12 CrOff Market
2017-01-25The President of India ( acting tPromotersother76,625,087Rs 38.31 CrOff Market
Latest disclosed trades by insiders, promoters and large holders. Grants, option exercises and pledges show as "other". A filing is a fact, not a signal on its own.

Latest quarter

Jun 2026
Sales ₹204,987 Cr +25.7% vs Jun 2025. Net profit ₹6,554 Cr -43.3%.

Activity

Compare
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Antelopus Selan Energy Ltd4,10429.319.9 %
Prabha Energy Ltd3,5253,204-0.09 %
Hindustan Oil Exploration Company Ltd2,29991.53.49 %
Gujarat Natural Resources Ltd1,50477.97.26 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-09-04Dividend - Re 1 Per Share
2026-02-18Interim Dividend - Rs 6.25 Per Share
2025-11-14Interim Dividend - Rs 6 Per Share
2025-09-04Dividend - Rs 1.25 Per Share
2025-02-07Interim Dividend - Rs 5 Per Share
2024-11-19Interim Dividend - Rs 6 Per Share
2024-08-23Dividend - Rs 2.50 Per Share
2024-02-16Interim Dividend - Rs 4 Per Share
2023-11-21Interim Dividend - Rs 5.75 Per Share
2023-08-18Dividend - Re 0.50 Per Share
2023-02-24Interim Dividend - Rs 4 Per Share
2022-11-21Interim Dividend - Rs 6.75 Per Share
2022-08-18Dividend - Rs 3.25 Per Share
2022-02-21Interim Dividend - Rs 1.75 Per Share
2021-11-22 Interim Dividend - Rs 5.50 Per Share
2021-09-08 Dividend - Rs 1.85 Per Share
2021-02-17 Interim Dividend - Rs 1.75 Per Share
2020-03-23 Interim Dividend - Rs 5 Per Share
2019-08-22 Annual General Meeting/Dividend - Rs 0.75 Per Share
2019-03-26 Interim Dividend - Re 1 Per Sh
2019-02-28 Interim Dividend - Rs 5.25 Per Sh
2019-01-03 Buy Back
2018-09-19 Dividend Rs 1.35 Per Share
2018-03-13 Interim Dividend - Rs 2.25 Per Share (Purpose Revised)
2017-11-03 Interim Dividend - Rs 3/- Per Share (Purpose Revised)
2017-09-21 Annual General Meeting/Dividend - Re 0.80 Per Share
2017-02-07 Interim Dividend Rs 2.25 Per Share (Purpose Revised)
2016-12-15 Bonus 1: 20.6667
2016-11-03 Interim Dividend Rs 4.50 Per Share (Purpose Revised)
2016-08-31 Annual General Meeting/Dividend - Rs 3.25 Per Share
2016-03-16 Interim Dividend - Re 0.75/- Per Share (Purpose Revised)
2015-11-10 Interim Dividend - Rs 4.50/- Per Share (Purpose Revised)
2015-09-07 Annual General Meeting/ Dividend - Re 0.50/- Per Share
2015-03-24Second Interim Dividend - Rs 4/- Per Share (Purpose Revised)
2014-12-16Interim Dividend - Rs 5/- Per Share (Purpose Revised)
2014-09-11Annual General Meeting And Dividend Re.0.25 Per Share
2014-03-27Second Interim Dividend - Rs 4.25/- Per Share (Purpose Revised)
2013-12-10Interim Dividend Of Rs.5/- Per Equity Share
2013-09-17Annual General Meeting / Dividend - Re 0.50 Per Share
2013-03-22Second Interim Dividend Rs.4 Per Share (Purpose Revised)
2012-12-24Interim Dividend Of Rs.5/- Per Equity Share
2012-09-14Annual General Meeting/ Dividend Rs 2.00 Per Share
2012-03-19Interim Dividend Rs.1.50 Per Share (Purpose Revised)
2012-01-06Interim Dividend Rs.6.25 Per Share (Purpose Revised)
2011-08-18Annual General Meeting And Dividend Re.0.75 Per Share
2011-02-08Bonus 1:1 And Face Value Split From Rs.10/- To Rs.5/-0.2500
2010-12-20Special Interim Dividend-Rs.32/- Per Share (Purpose Revised)
2010-09-09Annual General Meeting And Final Dividend Rs.15/- Per Share
2009-12-22Int Div-Rs.18/- Per Sharepurpose Revised
2009-09-11Agm/Div-Rs.14/- Per Share
2008-12-23Interim Dividend - 180% Purpose Revised
2008-09-08Agm/Dividend - 140%
2007-12-26Int Dividend-Rs.18 Per Shpurpose Revised
2007-09-10Agm/Final Dividend-130%
2006-12-27Interim Dividend-180% Purpose Revised
2006-10-27Bonus 1:20.6667
2006-09-06Agm/Final Dividend-200%
DateTypeWhat it says
2026-10-01General UpdatesChange in Senior Management
2026-09-21Press ReleaseA press release dated September 21, 2026, titled "ONGC Strikes Gas in Mahanadi Deepwater under Samudra Manthan".
2026-09-21AppointmentAppointment of Mr Bhaskar Chowdary Nettem as Executive Director of the company w.e.f. September 21, 2026.
2026-09-18General UpdatesESG Rating
2026-09-17Board meeting outcomeOutcome of Board Meeting held on September 17, 2026.
2026-09-10General UpdatesIntimation regarding ESG Rating
2026-09-08Change in AuditorsChange in Auditors of the company.
2026-09-01Shareholder meetingVoting results.
2026-09-01General UpdatesChange in Senior Management
2026-08-31Shareholder meetingProceedings of Annual General Meeting held on August 31, 2026
2026-08-31UpdatesPresentation for Post AGM Media Interaction.
2026-08-26General UpdatesDisclosure of event or information under Regulation 30 of SEBI (LODR) Regulations, 2015
2026-08-20General UpdatesAddendum to Notice of 33rd Annual General Meeting
2026-08-18Press ReleaseA press release dated August 18, 2026, titled "ONGC Connects Khoraghat Gas to North East Gas Grid, Boosting Regional Energy Access".
2026-08-18News clarificationThe Exchange has sought clarification from Oil & Natural Gas Corporation Limited with respect to recent news item captioned ONGC gets US licence to re...
2026-08-17News clarificationThe Exchange has sought clarification from Oil & Natural Gas Corporation Limited with respect to recent news item captioned ONGC gets US licence to re...
2026-08-14Concall / analyst meetSchedule of meet
2026-08-13AppointmentAppointment of Ms Archna Thakur as Independent Director of the company w.e.f. August 13, 2026.
2026-08-12Concall / analyst meetTranscript
2026-08-07Shareholder meetingNotice of Annual General Meeting to be held on August 31, 2026
2026-08-06Record DateRecord date for the purpose of Final Dividend is 04-Sep-2026.
2026-08-05Concall / analyst meetLink of Recording
2026-08-04Press ReleaseA press release dated August 04, 2026, titled "ONGC declares results for Q1 FY 27: Net Profit surges to Rs. 17,034 crore, marking a robust increase of...
2026-08-04Board meeting outcomeOil & Natural Gas Corporation Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-01Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.63
Max pain (expiry 2026-10-27)230
Largest call open interest at240
Largest put open interest at220
Implied volatility, at the money21.7%
Underlying at snapshot222.37
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-2989,995
2026-09-282
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Oil & Natural Gas Corpn Ltd?

Oil & Natural Gas Corpn Ltd (ONGC) has a market capitalisation of Rs 2,89,346 Cr. at the 2026-10-01 close.

What is the P/E ratio of Oil & Natural Gas Corpn Ltd?

Oil & Natural Gas Corpn Ltd trades at a P/E of 6.62 on trailing twelve-month profit, at the 2026-10-01 close.

What were Oil & Natural Gas Corpn Ltd's latest quarterly results?

In the Jun 2026 quarter, Oil & Natural Gas Corpn Ltd sales was Rs 204,987 Cr (+25.7% vs Jun 2025) and net profit was Rs 6,554 Cr.

What is the 52-week high and low of Oil & Natural Gas Corpn Ltd?

The 52-week high is Rs 307.50 and the 52-week low is Rs 223.60.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03