ONGC

Oil And Natural Gas Corporation Share PriceOil And Natural Gas Corporation

₹195.95
-2.95 (-1.48%)
  • Advice
  • Hold
As on 10 December, 2023 | 00:42 BSE: 500312 NSE: ONGCISIN: INE213A01029

Oil And Natural Gas Corporation Performance

Day Range

  • Low 194.10
  • High 200.30
₹ 195.95

52 Week Range

  • Low 139.20
  • High 205.90
₹ 195.95
  • Open Price199.85
  • Previous Close198.90
  • Volume10414387

Start SIP in Oil And Natural Gas Corporation

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Oil And Natural Gas Corporation Share Price

  • Over 1 Month 0.31%
  • Over 3 Month 6.23%
  • Over 6 Month 25.53%
  • Over 1 Year 37.36%

Oil And Natural Gas Corporation Key Statistics

P/E Ratio 5.8
PEG Ratio 1.8
Market Cap Cr 251,467
Price to Book Ratio 0.8
EPS 36.1
Dividend 5.2
Relative Strength Index 52.48
Money Flow Index 57.19
MACD Signal 2.24
Average True Range 4.74

Oil And Natural Gas Corporation Investment Rating

  • Master Rating:
  • Oil & Natural Gas has an operating revenue of Rs. 643,976.67 Cr. on a trailing 12-month basis. An annual revenue growth of 28% is outstanding, Pre-tax margin of 7% is okay, ROE of 12% is good. The company has a reasonable debt to equity of 35%, which signals a healthy balance sheet. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 14% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It has recently broken out of a base in its weekly chart and is trading around 1% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 86 which is a GOOD score indicating consistency in earnings, a RS Rating of 54 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B which is evident from recent demand for the stock, Group Rank of 79 indicates it belongs to a poor industry group of Oil&Gas-Intl Expl&Prod and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in some of the technical parameters, but great earnings make it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Oil And Natural Gas Corporation Financials
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 35,16333,81436,29338,58338,32142,32134,497
Operating Expenses Qtr Cr 18,04516,06724,42119,77922,22917,59018,448
Operating Profit Qtr Cr 17,11817,74811,87118,80516,09224,73116,049
Depreciation Qtr Cr 4,7154,9914,8364,8552,5954,5105,099
Interest Qtr Cr 1,0161,008708690667636580
Tax Qtr Cr 3,2563,346-7313,6273,5345,1372,855
Net Profit Qtr Cr 10,21610,015-24811,04512,82615,2068,860
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 152,140116,834
Operating Expenses Annual Cr 69,72055,358
Operating Profit Annual in Cr 74,79454,960
Depreciation Cr 20,09018,076
Interest Annual Cr 2,7002,360
Tax Annual Cr 11,566734
Net Profit Annual Cr 38,82940,306
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 79,12149,301
Cash from Investing Activity Annual Cr -55,648-23,502
Cash from Financing Annual Activity Cr -23,445-25,869
Net Cash Flow Annual Cr 27-70
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 257,846237,148
Fixed Assets Annual Cr 187,983178,906
Total Non Current Assets Annual Cr 313,959301,338
Total Current Assets Annual Cr 53,07835,926
Total Assets Annual Cr 367,037337,264
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 205189
ROE Annual % 1517
ROCE Annual % 1914
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 5756
IndicatorSep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022Mar 2022
Oper Rev Qtr Cr 146,874163,824164,067169,213168,656182,894155,920
Operating Expenses Qtr Cr 118,618133,717143,070147,342154,852164,039131,509
Operating Profit Qtr Cr 28,25530,10720,99721,87113,80418,85524,411
Depreciation Qtr Cr 6,6987,0726,7196,7844,4436,6117,380
Interest Qtr Cr 2,6032,3642,0682,1881,9931,6401,491
Tax Qtr Cr 5,6346,3572024,0372,3943,6403,722
Net Profit Qtr Cr 13,73414,1343,71511,4898,29911,93710,550
IndicatorMar 2023Mar 2022
Total Revenue Annual Cr 640,400498,707
Operating Expenses Annual Cr 553,053410,588
Operating Profit Annual in Cr 79,27380,682
Depreciation Cr 28,30327,692
Interest Annual Cr 7,8895,696
Tax Annual Cr 10,2734,797
Net Profit Annual Cr 35,44045,522
IndicatorMar 2023Mar 2022
Cash from Operating Activity Annual Cr 84,21178,000
Cash from Investing Activity Annual Cr -73,209-40,477
Cash from Financing Annual Activity Cr -12,916-35,979
Net Cash Flow Annual Cr -1,9141,544
IndicatorMar 2023Mar 2022
Total ShareHolders Funds Annual Cr 280,647259,503
Fixed Assets Annual Cr 352,731349,916
Total Non Current Assets Annual Cr 500,378479,390
Total Current Assets Annual Cr 114,151106,059
Total Assets Annual Cr 614,529585,449
IndicatorMar 2023Mar 2022
Book Value Per Share Annual Rs 239225
ROE Annual % 1318
ROCE Annual % 1213
Total Debt to Total Equity Annual --
EBDIT Annual Margin % 1418

Oil And Natural Gas Corporation Technicals

EMA & SMA

Current Price
₹195.95
-2.95 (-1.48%)
pointer
  • Bullish Moving Average
  • ___
  • 10
  • Bearish Moving Average
  • ___
  • 6
  • 20 Day
  • ₹195.57
  • 50 Day
  • ₹190.96
  • 100 Day
  • ₹184.17
  • 200 Day
  • ₹174.04
  • 20 Day
  • ₹196.10
  • 50 Day
  • ₹190.34
  • 100 Day
  • ₹183.95
  • 200 Day
  • ₹171.18

Oil And Natural Gas Corporation Resistance and Support

PIVOT
₹196.79
Resistance
First Resistance 199.47
Second Resistance 202.98
Third Resistance 205.67
RSI 52.48
MFI 57.19
MACD Single Line 2.24
MACD 2.36
Support
First Resistance 193.27
Second Resistance 190.58
Third Resistance 187.07

Oil And Natural Gas Corporation Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 11,251,743 508,128,714 45.16
Week 17,543,332 897,341,432 51.15
1 Month 12,036,260 635,273,778 52.78
6 Month 10,004,923 538,064,771 53.78

Oil And Natural Gas Corporation Result Highlights

Oil And Natural Gas Corporation Synopsis

NSE-Oil&Gas-Intl Expl&Prod

Ongc is involved in the business activities of Extraction of crude petroleum. Company’s Total Operating Revenue is Rs. 144513.45 Cr. and Equity Capital is Rs. 6290.14 Cr. for the Year ended 31/03/2023. 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.
Market Cap 246,511
Sales 143,853
Shares in Float 515.79
No of funds 800
Yield 5.23
Book Value 0.96
U/D Vol ratio 0.9
LTDebt / Equity 2
Alpha 0.09
Beta 0.81

Oil And Natural Gas Corporation

Owner NameSep-23Jun-23Mar-23Dec-22
Promoters 58.89%58.89%58.89%58.89%
Mutual Funds 8.43%8.69%8.73%8.47%
Insurance Companies 10.74%10.74%10.76%10.43%
Foreign Portfolio Investors 8.38%8.11%7.97%8.43%
Financial Institutions/ Banks 0.01%0.02%0.01%
Individual Investors 2.39%2.5%2.59%2.67%
Others 11.16%11.05%11.05%11.11%

Oil And Natural Gas Corporation Management

Name Designation
Mr. Arun Kumar Singh Chairman & CEO
Mr. Om Prakash Singh Director
Mr. Pankaj Kumar Director
Mr. Syamchand Ghosh Independent Director
Mr. V Ajit Kumar Raju Independent Director
Mr. Manish Pareek Independent Director
Mrs. Reena Jaitly Independent Director
Dr. Prabhaskar Rai Independent Director
Dr. Madhav Singh Independent Director
Mrs. Pomila Jaspal Director - Finance
Ms. Sushma Rawat Director
Mr. Manish Patil Director - Human Resources
Mr. Praveen Mal Khanooja Government Nominee Director

Oil And Natural Gas Corporation Forecast

Price Estimates

2,000(9.8%)
1,758(-3.5%)
1,590(-12.7%)

Other Analyst Rating

Oil And Natural Gas Corporation Corporate Action

Date Purpose Remarks
2023-11-10 Quarterly Results & Interim Dividend
2023-08-11 Quarterly Results
2023-05-26 Audited Results & Final Dividend
2023-02-14 Quarterly Results & Interim Dividend
2022-11-14 Quarterly Results & Interim Dividend (Revised) per share(105%)Interim Dividend
Date Purpose Remarks
2023-11-21 INTERIM Rs.5.75 per share(115%)Interim Dividend
2023-08-18 FINAL Rs.0.50 per share(10%)Final Dividend
2023-02-24 INTERIM Rs.4.00 per share(80%)Second Interim Dividend
2022-11-22 INTERIM Rs.6.75 per share(135%)Interim Dividend
2022-08-19 FINAL Rs.3.25 per share(65%)Final Dividend

Oil And Natural Gas Corporation MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 155,471
HDFC Balanced Advantage Fund Growth 63,981
ICICI Prudential Balanced Advantage Fund Growth 49,871
UTI Nifty 50 Exchange Traded Fund 42,363
HDFC Flexi Cap Fund Growth 42,271

About Oil And Natural Gas Corporation

With almost 75% contribution to the entire Indian domestic production, Maharatna Oil and Natural Gas Corporation Limited, also known as ONGC, is the largest crude oil and natural gas company in India. As of December 31, 2020, the Government of India (GoI) holds a 60.41% stake in ONGC. 
This company is currently headquartered in New Delhi, while its operations are overseen by the Ministry of Petroleum and Natural Gas. ONGC contributes around 71% of the domestic needs of oil and gas. ONGC currently ranks 18th in Natural Gas and Oil operations. The company has been cited as the 'professional home to over 33 thousand employees. Out of 33 thousand plus employees, 6.57 % were females on March 31st, 2017.

Until 1955, major private companies were responsible for carrying out the work associated with exploring oil and natural gases. However, the GoI eventually realised the importance of crude oil and natural gas in India's industrial development and defence. This led to the development and framing of the Industrial Policy Statement in 1948. Eight years later, the GoI adopted the Industrial Policy Resolution of 1956, which aimed at developing the mineral oil industry and the formation of the Oil and Natural Gas Directorate.

In August 1956, the commission borne out of the directorate was converted into a statutory body by the Indian Parliamentary act, thereby improving the commission's powers. The Oil and Natural Gas Commission are thus to promote, organise, and implement necessary actions and programs for the exploration and development of petroleum resources. The commission is also instrumental in performing other activities conducive to transforming India's limited upstream sector. 

Major Milestones

Since its inception, the corporation has been involved in various acquisitions and shareholdings. Some of the recent developments in ONGC in the last two decades are:

1. 2003 - ONGC Videsh Limited or OVL was set up. This division is responsible for looking after ONGC's foreign assets. The OVL has acquired a 25% stake in Talisman Energy in the Great Nile Oil project.
2. 2006 - To mark the 50th anniversary of the ONGC, a commemorative coin set was issued. After the State Bank of India, ONGC is the second Indian company to have a coin set issued in its honour.
3. 2012 - ONGC acquired an 8.4% stake in ConocoPhillips of Kazakhstan for around USD 5 billion, making this the largest acquisition of ONGC.
4. 2014 - ONGC acquired a 10% stake in Videocon Group I, a Mozambican gas field.
5. 2015 - ONGC agreed to give USD 247 million offshore contract to Larsen & Turbo (L&T) for the Bassein development project.
6. 2016 - To facilitate the drilling and to create surface facilities to produce natural gas from Tripura's field, ONGC approved a direct investment of around 5,000 crore INR in February 2016
7. 2016 - Signed agreement to acquire 15% shareholding interest with Vankor- Russia's second-largest field by production for oil and natural gas.
8. 2017- ONGC acquired Hindustan Petroleum Corporation on July 19, 2017, as per the approval from the GoI.
9. 2020 - GoI currently holds a 60.41% stake in ONGC.
10. FY 2020 - ONGC spent more than 3 Lakh million INR towards multiple CAPEX initiatives.
11. 2022 - ONGC is the only public sector Indian company that has been featured in Fortune's most admired energy companies list.

Subsidiaries of ONGC

ONGC owns various subsidiaries overseas, including its involvement in 39 projects in 18 countries. The major countries where ONGC subsidiaries function includes Bangladesh, Sudan, Venezuela, Namibia, Brazil, Bangladesh, Kazakhstan, Myanmar, Russia, New Zealand, Vietnam, etc.

National and International Recognitions

As the largest oil and natural gas Indian company, ONGC has won various accolades in the recent decade. Some of the significant honors and recognitions that ONGC has in its kitty include

1. 2013: Top employer in the Energy Sector in India by Randstad Awards
2. 2014: winner of Golden Peacock Award under the category of corporate social responsibility practices as well as 2013 Peacock Award winner under the category of occupational safety and health
3. 2010: Conferred by the GoI with the 'Maharatna Status' allows ONGC to exercise more freedom in decision-making.
4. 2014: Awarded with the FICCI's Best company promoting sports award in February 2014.
5. 2019: Largest profit-making Public Service undertaking (PSU) in India and 7th largest in the 250 Platt's global energy Companies.

Oil And Natural Gas Corporation FAQs

What is Share Price of Oil And Natural Gas Corporation ?

Oil And Natural Gas Corporation share price is ₹195 As on 10 December, 2023 | 00:28

What is the Market Cap of Oil And Natural Gas Corporation ?

The Market Cap of Oil And Natural Gas Corporation is ₹251467.2 Cr As on 10 December, 2023 | 00:28

What is the P/E ratio of Oil And Natural Gas Corporation ?

The P/E ratio of Oil And Natural Gas Corporation is 5.8 As on 10 December, 2023 | 00:28

What is the PB ratio of Oil And Natural Gas Corporation ?

The PB ratio of Oil And Natural Gas Corporation is 0.8 As on 10 December, 2023 | 00:28

Is Oil and Natural Gas Corporation (ONGC) a debt free company?

Oil and Natural Gas Corporation (ONGC) has a reasonable debt to equity of 36%, which signals a healthy balance sheet.

Is it good to invest in Oil and Natural Gas Corporation (ONGC)?

Because of a decline in domestic oil and gas production, Oil and Natural Gas Corporation (ONGC)'s share price has underperformed the benchmark over the last four years. Analyst Recommendation on ONGC is BUY.

What is the ROE of Oil and Natural Gas Corporation (ONGC)?

ROE of Oil and Natural Gas Corporation (ONGC) is 7% which is fair but needs improvement.

What is the market capitalization of Oil and Natural Gas Corporation (ONGC)?

The market capitalization of Oil and Natural Gas Corporation (ONGC) is INR 186,942.97 Cr.

Who is the owner of Oil and Natural Gas Corporation (ONGC)?

Oil and Natural Gas Corporation (ONGC) is a crude oil and natural gas corporation owned by the Indian government.

How to Buy ONGC Shares?

You can easily buy ONGC shares from various share companies online. 5paisa is one such company where you can easily buy Happiest mind share with our effortless procedure. You have to create a Demat account and get your account verified online using any KYC listed documents. Likewise, ONGC employees can apply for equity shares worth up to INR 5 Lakh.

What is the future for ONGC shares?

Oil and petroleum gas are an ever-rising business. The worth of ONGC can even increase more if privatisation happens. So, for the long term, the future of ONGC shares is relatively safe.

Q2FY23