ONGC

OIL AND NATURAL GAS CORPORATION

Large Cap BSE: 500312 NSE: ONGC
₹142.7
0.05 (0.04%)
As on 09 December, 2022 | 12:10

Oil And Natural Gas Corporation Performance

Day Range

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52 Week Range

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Oil And Natural Gas Corporation Share Price

Oil And Natural Gas Corporation Share Returns

  • Over 1 Month 2.56%
  • Over 3 Month 7.77%
  • Over 6 Month -13.04%
  • Over 1 Year -4.25%

Oil And Natural Gas Corporation Key Statistics

P/E Ratio 4.3
PEG Ratio 0.3
Market Cap Cr 183,130
Price to Book Ratio 0.6
EPS 32
Dividend 8.2
Relative Strength Index 59.03
Money Flow Index 62.29
MACD Signal 1.72
Average True Range 2.97

Oil And Natural Gas Corporation Investment Rating

  • Master Rating:
  • Oil & Natural Gas has an operating revenue of Rs. 653,155.93 Cr. on a trailing 12-month basis. An annual revenue growth of 59% is outstanding, Pre-tax margin of 11% is healthy, ROE of 17% is exceptional. The company has a reasonable debt to equity of 34%, which signals a healthy balance sheet. The stock from a technical standpoint is trading below to its 200DMA and around 5% up from its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 53 which is a POOR score indicating inconsistency in earnings, a RS Rating of 32 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 151 indicates it belongs to a poor industry group of Oil&Gas-Intl Expl&Prod and a Master Score of C is fair but needs to improve. Institutional holding has declined in the last reported quarter is a negative sign. Overall, the stock has poor technical strength and poor fundamentals, there are superior stocks in the current market environment.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Oil And Natural Gas Corporation Financials
IndicatorSep 2022Jun 2022Mar 2022Dec 2021Sep 2021Jun 2021Mar 2021
Oper Rev Qtr Cr 38,32142,32134,49728,47324,35423,02221,189
Operating Expenses Qtr Cr 22,22917,59018,44813,62211,82612,02013,040
Operating Profit Qtr Cr 16,09224,73116,04914,85112,52811,0028,149
Depreciation Qtr Cr 2,5954,5105,0994,3383,9434,1664,399
Interest Qtr Cr 667636580582579620569
Tax Qtr Cr 3,5345,1372,8552,659-7,1952,4152,194
Net Profit Qtr Cr 12,82615,2068,8608,76418,3484,3356,734

Oil And Natural Gas Corporation Technicals

EMA & SMA

Current Price
142.1
-0.55 (-0.39%)
  • Bullish Moving Average
  • ___
  • 0
  • Bearish Moving Average
  • ___
  • 0
  • 20 Day
  • 139.97
  • 50 Day
  • 137.37
  • 100 Day
  • 137.8
  • 200 Day
  • 140.14
  • 20 Day
  • 140.42
  • 50 Day
  • 135.33
  • 100 Day
  • 134.24
  • 200 Day
  • 146.43

Oil And Natural Gas Corporation Resistance and Support

PIVOT
₹142.
Resistance
First Resistance 143.65
Second Resistance 144.65
Third Resistance 146.31
RSI 59.03
MFI 62.29
MACD Single Line 1.72
MACD 1.71
Support
First Resistance 141
Second Resistance 139.35
Third Resistance 138.35

Oil And Natural Gas Corporation Delivery and Volume

Period NSE + BSE Volume Avg NSE + BSE Delivery Volume Avg NSE + BSE Delivery Volume %
Day 11,402,133 513,210,006 45.01
Week 15,556,504 650,728,554 41.83
1 Month 15,092,052 778,448,016 51.58
6 Month 23,643,352 892,536,552 37.75

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. 110318.87 Cr. and Equity Capital is Rs. 6290.14 Cr. for the Year ended 31/03/2022. 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 179,080
Sales 143,612
Shares in Float 515.79
No of funds 772
Yield 8.24
Book Value 0.76
U/D Vol ratio 2
LTDebt / Equity 3
Alpha
Beta 0.46

Oil And Natural Gas Corporation

Owner NameSep-22Jun-22Mar-22Dec-21
Promoters 58.89%58.89%58.91%
Mutual Funds 7.89%7.13%6%
Insurance Companies 10.26%10.41%10.34%
Foreign Portfolio Investors 8.96%9.97%9.91%
Financial Institutions/ Banks 0.01%0.01%0.01%
Individual Investors 2.95%2.55%2.48%
Others 11.04%11.04%12.35%

Oil And Natural Gas Corporation Management

Name Designation
Mrs. Pomila Jaspal Director - Finance
Dr. Alka Mittal Director - Human Resources
Mr. Rajesh Kumar Srivastava Director
Mr. Om Prakash Singh Director
Mr. Anurag Sharma Director
Mr. Pankaj Kumar Director
Mr. G Srinivas Government Nominee 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

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
2022-11-14 Quarterly Results & Interim Dividend (Revised) per share(45%)Second Interim Dividend (Revised)
2022-08-12 Quarterly Results (Revised) per share(45%)Second Interim Dividend (Revised)
2022-05-28 Audited Results & Final Dividend
2022-02-11 Quarterly Results & 2nd Interim Dividend
2021-11-12 Quarterly Results & Interim Dividend
Date Purpose Remarks
2022-11-22 INTERIM Rs.6.75 per share(135%)Interim Dividend
2022-08-19 FINAL Rs.3.25 per share(65%)Final Dividend
2022-02-22 INTERIM Rs.1.75 per share (35%) Second Interim Dividend
2021-11-23 INTERIM Rs.5.50 per share(110%)Interim Dividend
2021-09-10 FINAL Rs.1.85 per share(37%)Final Dividend

Oil And Natural Gas Corporation MF Shareholding

Name Amount(cr)
SBI Nifty 50 ETF 151468
HDFC Balanced Advantage Fund Growth 49709
ICICI Prudential Balanced Advantage Fund Growth 44002
UTI Nifty 50 Exchange Traded Fund 39494
ICICI Prudential Bluechip Fund Growth 34823

About Company

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.

 

ONGC History

 

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. As of April 7, 2022, the market cap of ONGC lies at INR 2,17,387 crore.

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 ₹142 As on 09 December, 2022 | 11:56

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

The Market Cap of Oil And Natural Gas Corporation is ₹183130.3 Cr As on 09 December, 2022 | 11:56

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

The P/E ratio of Oil And Natural Gas Corporation is 4.3 As on 09 December, 2022 | 11:56

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

The PB ratio of Oil And Natural Gas Corporation is 0.6 As on 09 December, 2022 | 11:56

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.

Does Oil and Natural Gas Corporation (ONGC) give dividends?

Oil and Natural Gas Corporation (ONGC) has declared an equity dividend of 72%, amounting to INR 3.6 per share, for the fiscal year ending March 2021. This results in a dividend yield of 2.4% at the current share price of INR 148.75. ONGC has a solid dividend track record, having declared dividends on a consistent basis for the last five years.

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