ONGC Analyst Rating
based on 30 analysts
66.67%
Buy
20.00%
Hold
13.33%
Sell
Based on 30 analysts offering long term price targets for ONGC. An average target of ₹310.83
Source: S&P Global Market Intelligence
ONGC Share analysis
ONGC price forecast by 30 analysts
Upside of16.60%
High
₹430
Target
₹310.83
Low
₹215
ONGC target price ₹310.83, a slight upside of 16.6% compared to current price of ₹266.57. According to 30 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
ONGC revenue growth forecast
Expected growth rate Q1, FY2027:12.53%
Forecast
Actual
Including amortisation and stock based compensations
ONGC EPS growth forecast
EPS estimate Q1, FY2027:15.18%
Forecast
Actual
Source: S&P Global Market Intelligence
ONGC Performance
Day's Low
Day's High
₹261.3Day's Price Range₹26752 Week's Low
52 Week's High
₹22352-Week Price Range₹345
| Returns % | |
| 1 Month Return | + 9.18 % |
| 3 Month Return | -5.91 % |
| 1 Year Return | + 14.14 % |
| Market Stats | |
| Previous Close | ₹263.18 |
| Open | ₹262.00 |
| Volume | 1.21Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹3,31,087.79Cr |
ONGC Key Statistics
| P/E Ratio | 8.16 |
| PEG Ratio | -3.2 |
| Market Cap | ₹3,31,087.79 Cr |
| P/B Ratio | 1.1 |
| EPS | 45.39 |
| Dividend Yield | 0 |
| Sector | Crude Oil & Natural Gas |
| ROE | 14.32 |
ONGC Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹3,31,087.79 Cr | 23.38% | 0.61 | ₹57,100 Cr | ₹5,91,447 Cr | |
| BUY | ₹17,13,806.89 Cr | 17.8% | 0.65 | ₹79,020 Cr | ₹9,01,064 Cr | |
| BUY | ₹76,580.69 Cr | 75.25% | 0.61 | ₹6,980 Cr | ₹32,466 Cr | |
| HOLD | ₹24,285.76 Cr | 40.24% | 0.75 | ₹3,597 Cr | ₹90,406 Cr | |
| HOLD | ₹29,173.37 Cr | 56.38% | 0.57 | ₹672 Cr | ₹7,045 Cr |
ONGC Mutual Fund Holdings
About ONGC
ONGC has several subsidiaries, including ONGC Videsh, which focuses on international oil and gas exploration and production, and Mangalore Refinery and Petrochemicals Limited (MRPL), which is involved in refining activities. The company operates in over 20 countries, including Brazil, Mozambique, Russia, and Vietnam, expanding its global footprint in the energy sector. A notable fact about ONGC is that it contributes around 70% of India’s domestic oil production and about 84% of its natural gas output. As a government-owned enterprise under the Ministry of Petroleum and Natural Gas, ONGC plays a critical role in ensuring India’s energy security and sustainability.
Share Price: ₹266.57 per share as on 17 Jan, 2025 04:01 PM
Market Capitalisation: ₹3,31,087.79Cr as of today
Revenue: ₹1,58,329.10Cr as on September 2024 (Q3 24)
Net Profit: ₹9,878.44Cr as on September 2024 (Q3 24)
Listing date: 19 Jul, 1995
Chairperson Name: ARUN KUMAR SINGH
| Organisation | ONGC |
| Headquarters | Dehradun |
| Industry | Crude Oil & Natural Gas |
| E-voting on shares | Click here to vote |
Key events for Oil & Natural Gas Corpn Ltd
Analysts Recommend Buying ONGC Shares - 16 Jan, 2025
Market analysts have recommended buying shares of ONGC, which is currently trading near Rs 265.63, with Fibonacci support levels indicating potential buying opportunities.ONGC Stock Shows Recovery After Correction - 15 Jan, 2025
ONGC shares have experienced reduced selling pressure following a significant correction. Analysts suggest potential targets of ₹280/290, supported by favorable market conditions.ONGC Faces Mixed Signals Amid Market Conditions - 14 Jan, 2025
ONGC and Oil India are expected to report strong results due to favorable market conditions. However, ONGC's stock fell due to concerns over investments in Russian assets, particularly in light of sanctions affecting export-oriented fields like Sakhalin.ONGC Seeks Vendors for Offshore Vessel Procurement - 12 Jan, 2025
ONGC is initiating a process to empanel vendors for hiring offshore vessels, aiming to expedite procurement tenders. This move will allow only empanelled bidders to participate in limited tenders for charter hiring.ONGC Advances Renewable Energy and Recruitment Efforts - 11 Jan, 2025
ONGC anticipates a $10.3 billion revenue increase from production partnerships, announces recruitment for 108 roles, and collaborates with BHEL on green hydrogen technologies.ONGC Signs MoU and Sees Stock Surge - 10 Jan, 2025
ONGC has signed an MoU with BHEL for renewable energy projects. The stock rose 1.09% due to positive developments, including a partnership with BP, prompting a target price increase by Antique to Rs 366.ONGC Gains Momentum with BP Partnership and CLSA Upgrade - 08 Jan, 2025
ONGC's stock is buoyed by CLSA's upgrade to High Conviction Overweight-PF with a target of Rs 360. BP's appointment as a technical service provider aims to enhance production from the Mumbai High field, promising a potential 60% increase in output.ONGC Shares Surge After CLSA Upgrade and Target Price Hike - 07 Jan, 2025
ONGC shares experienced significant gains following CLSA's upgrade to 'high conviction outperform' with a target price of ₹360, citing production growth and attractive dividend yield. The stock's positive outlook is supported by anticipated increases in oil and gas output and the removal of the windfall tax, presenting a strong buying opportunity for investors.ONGC Contracts and Market Performance Insights - 06 Jan, 2025
ONGC's stock shows mixed signals with bullish technical indicators and strong returns, despite profit concerns due to stagnant production and lower crude prices. A significant contract was awarded to Deep Industries, enhancing operational prospects.Strong Bullish Momentum for ONGC Stocks - 05 Jan, 2025
Oil & Natural Gas Corporation Ltd stocks have experienced strong bullish momentum in the last two trading sessions, with robust volume and movement above short-term moving averages, indicating positive market sentiment.ONGC Faces Production Challenges Amid Output Decline - 04 Jan, 2025
ONGC is grappling with declining natural output from mature fields, necessitating technology investments. Production growth is projected to be low in FY26, driven by offshore field enhancements.ONGC Shares Surge on Positive Broker Ratings - 03 Jan, 2025
ONGC shares experienced significant gains following a reaffirmed buy rating from Jefferies, driven by rising Brent crude prices and anticipated production growth in the KG basin. Despite historical production misses, analysts remain optimistic about the company's prospects. Additionally, the government has directed ONGC to divert natural gas to city gas distributors.ONGC Stock Faces Correction but Analysts Remain Optimistic - 30 Dec, 2024
Oil & Natural Gas Corporation (ONGC) shares have corrected nearly 32% from their recent peak. However, analysts project a potential upside of about 35%, with 20 out of 30 analysts recommending a buy rating.ONGC Faces Profit Decline Amid Strategic Outlook - 27 Dec, 2024
ONGC's Q2 FY25 net profit fell 38.9% due to subsidiary losses. Despite this, management projects increased production and capital expenditure for FY26 and FY27.ONGC's Strategic Moves Amidst Disappointing Gas Production - 20 Dec, 2024
ONGC is focusing on strategic acquisitions, including a solar asset, while facing disappointing gas production growth. CLSA maintains a positive outlook on ONGC shares.ONGC Pursues Green Hydrogen and Wind Projects - 19 Dec, 2024
ONGC is exploring a green hydrogen plant in Mangaluru for MRPL's needs and seeking government support for offshore wind projects amid high setup costs.
Insights on Oil & Natural Gas Corpn Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTMF Holding Up
Mutual Funds have increased holdings from 7.31% to 7.94% in Sep 2024 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 3.49% to 3.65% in Sep 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 10.00K Cr → 10.27K Cr (in ₹), with an average increase of 2.6% per quarter
- POSITIVE IMPACT
Price Rise
In the last 1 month, ONGC stock has moved up by 1.6%
NO EFFECTAgainst Peers
In the last 1 year, Oil India Ltd has given 71.2% return, outperforming this stock by 61.6%
- NO EFFECT
Against Peers
In the last 3 years, Selan Explorations Technology Ltd has given 415.9% return, outperforming this stock by 357.1%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 58.89% of holdings in Sep 2024 quarter
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 8.57% to 8.12% in Sep 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 1.71L Cr → 1.62L Cr (in ₹), with an average decrease of 5.3% per quarter
News
IREDA, NTPC, ONGC, REC and SAIL Shares Trade Positive Among PSU Stocks
ONGC is currently trading near Rs 265.63, showing positive sentiment among investors. Fibonacci support levels indicate potential buying opportunities around Rs 263.48 and Rs 262.81. The stocks 52-week high of Rs 345.00 suggests room for long-term upside if market conditions remain favorable.16 Jan, 2025 10:44 AMStocks To Buy Today: Biocon, ONGC And Nippon Life
market analysts have recommended buying shares of Oil and Natural Gas Corp.16 Jan, 2025 09:05 AMImpact of Oil Prices Above $80 on PSU Earnings and Stocks
The scrapping of windfall levy, coupled with higher crude oil prices, bodes well for upstream stocks of Oil & Natural Gas Corporation Ltd (ONGC) and Oil India, the domestic brokerage said. It maintained Buy on ONGC.15 Jan, 2025 10:07 AMONGC Financials
Index Inclusions
ONGC Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 58.89% | 0.00 | |
| Foreign Institutions | 8.12% | ||
| Mutual Funds | 7.94% | 8.55 | |
| Retail Investors | 3.65% | 4.60 | |
| Others | 21.4% |
ONGC Key Indicators
ONGC Valuation
ONGC in the last 5 years
Lowest (2.96x)
July 6, 2022
Today (8.16x)
January 17, 2025
Industry (8.71x)
January 17, 2025
Highest (297.63x)
February 25, 2021
ONGC Earnings and Dividends
Oil & Natural Gas Corpn Ltd Earnings Results
Oil & Natural Gas Corpn Ltd’s net profit fell -25.04% since last year same period to ₹10,272.50Cr in the Q2 2024-2025. On a quarterly growth basis, Oil & Natural Gas Corpn Ltd has generated 2.64% jump in its net profits since last 3-months.
Read More about Earnings ResultsOil & Natural Gas Corpn Ltd Dividends November,2024
In the quarter ending September 2024, Oil & Natural Gas Corpn Ltd has declared dividend of ₹6 - translating a dividend yield of 4.69%.
Read More about Dividends
ONGC Technicals Summary
Bearish
Neutral
Bullish
Oil & Natural Gas Corpn Ltd is currently in a Bullish trading position according to technical analysis indicators.
FAQs on Oil & Natural Gas Corpn Ltd
Oil & Natural Gas Corpn Ltd share price today stands at ₹266.57, Open. ₹262 ; Previous Close. ₹263.18 ; High. ₹267 ; Low. ₹261.3 ; 52 Week High. ₹345 ; 52 Week Low: ₹223.
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Oil & Natural Gas Corpn Ltd is listed on NSE
Oil & Natural Gas Corpn Ltd is listed on BSE
- Today’s highest price of Oil & Natural Gas Corpn Ltd is ₹267.
- Today’s lowest price of Oil & Natural Gas Corpn Ltd is ₹261.3.
PE Ratio of Oil & Natural Gas Corpn Ltd is 8.16
PE ratio = Oil & Natural Gas Corpn Ltd Market price per share / Oil & Natural Gas Corpn Ltd Earnings per share
Today’s traded volume of Oil & Natural Gas Corpn Ltd(ONGC) is 1.21Cr.
Today’s market capitalisation of Oil & Natural Gas Corpn Ltd(ONGC) is ₹331087.79Cr.
| Oil & Natural Gas Corpn Ltd(ONGC | Price |
|---|---|
52 Week High | ₹345 |
52 Week Low | ₹223 |
Oil & Natural Gas Corpn Ltd(ONGC) share price is ₹266.57. It is down -22.73% from its 52 Week High price of ₹345
Oil & Natural Gas Corpn Ltd(ONGC) share price is ₹266.57. It is up 19.54% from its 52 Week Low price of ₹223
| Oil & Natural Gas Corpn Ltd(ONGC | Returns |
|---|---|
1 Day Returns | 3.39% |
1 Month Returns | 9.18% |
3 Month Returns | -5.91% |
1 Year Returns | 14.14% |