Skip to main content
Swing Capital

Oil & Natural Gas Corpn Ltd

NSE: ONGC BSE: 500312

ONGC is the largest crude oil and natural gas Company in India, contributing around 71 per cent to Indian domestic production

₹297
52W: ₹229 — ₹308
PE 11.3 · Book ₹267 · +11% vs book
Market Cap₹3,74,200 Cr
Stock P/E11.3Price to Earnings
ROCE14.8%Return on Capital
ROE11.4%Return on Equity
Div. Yield4.15%Face Value ₹5

Strengths

  • +Stock is trading at 1.11 times its book value
  • +Stock is providing a good dividend yield of 4.13%.
  • +Company has been maintaining a healthy dividend payout of 39.2%

Weaknesses

  • −The company has delivered a poor sales growth of 6.85% over past five years.

Shareholding Pattern

Promoters58.89%
FIIs7.97%
DIIs19.3%
Public3.54%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.89%58.89%58.89%58.89%58.89%58.89%58.89%58.89%
FIIs8.57%8.12%▼0.57.53%▼0.67.11%▼0.47.08%▼0.06.98%▼0.17.43%▲0.47.97%▲0.5
DIIs18.75%19.04%▲0.319.4%▲0.419.93%▲0.519.85%▼0.119.96%▲0.119.69%▼0.319.3%▼0.4
Public3.5%3.65%▲0.13.88%▲0.23.76%▼0.13.88%▲0.13.87%▼0.03.69%▼0.23.54%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales35,16334,78834,63735,26633,88133,71734,98232,00333,03131,547
Expenses18,01019,45418,73118,16316,84016,58521,02114,81816,43116,275
Operating Profit17,15315,33415,90617,10317,04117,13213,96117,18516,59915,272
OPM %49%44%46%48%50%51%40%54%50%48%
Net Profit10,2389,8929,8698,93811,9848,2406,4488,0249,8488,372
EPS ₹8.147.867.857.19.536.555.136.387.836.65

AI Insights

Revenue Trend

TTM revenue at ₹1,31,562Cr, down 1.7% YoY. OPM at 48%.

Debt Position

Borrowings at ₹33,131Cr. Debt-to-equity ratio: 0.10x. Healthy balance sheet.

Capex Cycle

CWIP at ₹32,625Cr (16% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 19.3% (-0.54pp change). FIIs: 7.97% (-0.14pp change). Promoters hold 58.89%.

Margin & Efficiency

ROCE declining from 25% (Mar 2014) to 15% (Mar 2025). Working capital days: 1.

Valuation

PE 11.3x with 14.8% ROCE. Price is 11% above book value of ₹267. Dividend yield: 4.15%.

Recent Announcements