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ONGC · NSE · Oil Exploration & Production

Oil & Natural Gas Corpn Ltd

What the numbers mean, from its filings and the exchange. Data as of 13 Oct 2026.
Large Cap · AMFI list Jan-Jun 2026 · Vendor sector: Energy
cheap low confidence No valuation within 120 days; P/E 6.4 vs peers 10.4 (2nd of 12); P/B 1.1 vs peers 1.7 (2nd of 12).
Cheap for a reason: Revenue -0.9% a year over 3 years.
Statements through FY2026Prices adjusted for corporate actionsNot yet reviewed by the adversarial model

What is Oil & Natural Gas Corpn's share price today?

Oil & Natural Gas Corpn last traded at ₹221.23 on the NSE, as of 13 Oct 2026, 11:45 am IST, up 0.6% on the day, down 9.9% over a year. Its 52-week range is ₹219 to ₹308. The live price is in the app.

₹221.23 +0.6% today
−9.9% over 1 year · NSE, as of 13 Oct 2026, 11:45 am IST
60 month-end closes, 31 Oct 2021 to 30 Sep 2026, adjusted for splits and bonuses
52-week range3% of the way up
Low ₹219High ₹308

What is Oil & Natural Gas Corpn's market cap?

Oil & Natural Gas Corpn's market capitalisation is about ₹2.77 lakh crore: what it would cost to buy every share at today's price. That makes it the 29th largest large cap company we cover.

₹2.8 L Cr Large Cap29th largest large cap company
Large Cap means the 100 largest listed companies, under SEBI's rules. Shares in issue are worked out from the market cap and the price. What market cap tells you →

Key facts

From the exchange
Symbol
NSE: ONGC
ISIN
INE213A01029
Cap bucket
Large Cap, 29th largest by market cap
Industry (NSE)
Energy › Oil Gas & Consumable Fuels › Oil › Oil Exploration & Production
Listed since
1995
Futures and options
Traded

Is Oil & Natural Gas Corpn overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 6.4 vs peers 10.4 (2nd of 12); P/B 1.1 vs peers 1.7 (2nd of 12). Cheap for a reason: revenue -0.9% a year over 3 years.

Valuation

Latest price and trailing 12 months
P/E 6.40
vs peers 10.4 · 2nd of 12
Price divided by last year's earnings per share: how many years of today's profit you pay for. Learn more →
P/B 1.08
vs peers 1.7 · 2nd of 12
Price divided by book value per share: what you pay for each rupee of net assets on the balance sheet. Learn more →
Market cap ₹2.77 lakh Cr
Total market value of all shares, in ₹ crore. Learn more →
Dividend yield 2.5%
vs peers 3.2% · 6th of 11
Last year's dividends as a share of today's price. Learn more →
PEG (vendor) 1.06
vs peers 0.6 · 4th of 5
P/E divided by the vendor's earnings growth figure, which it does not disclose; a P/E adjusted for how fast profits grow. Learn more →
PEG on our 3-year EPS growth 1.20
P/E divided by the 3-year EPS growth rate from the stored accounts. Learn more →
3 models could be judged
Skipped — Fair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored

Our valuation range

🔒 Pro
Value range, implied growth at today's price, and the nine models behind it: in the app.

Is Oil & Natural Gas Corpn a quality business?

Quality score 59.3, 4th of 12 in its peer set; CLEAN on 30 of 30 flags judged.

Quality and risk

Data as of 13 Oct 2026
Business quality Not available
The kind of business, which sets the yardstick it is judged by. Learn more →
Quality score 59.3
vs peers 51.5 · 4th of 12
Returns, margins, leverage and consistency against its peers, out of 100. Learn more →
Risk level CLEAN
30 of 30 flags judged
From flags on debt, earnings quality, dilution and price swings. Learn more →

Profitability

ROE 10.2%
vs peers 14.2% · 8th of 12
Return on equity: profit as a share of shareholders' money. Learn more →
ROCE 11.4%
vs peers 17.2% · 8th of 12
Return on capital employed: operating profit as a share of all the capital in the business, debt and equity. Learn more →
Profit margin 6.0%
vs peers 6.6% · 8th of 12
Profit after everything, as a share of revenue. Learn more →
EPS ₹39.58
Trailing 12 months
Profit for each share over the last 12 months.

Scorecard

🔒 Pro
Health scores and red flags with their values and history: in the app.
See the scorecard →
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Has Oil & Natural Gas Corpn made money for shareholders?

Mixed: −9.9% over one year and +9.3% a year over five years.

Shareholder returns

1-year return −9.9%
Price only
What the share price did over the last 12 months. Learn more →
5-year return +9.3% a year
Price only
Yearly average price return over five years, bonuses and splits adjusted. Learn more →
Wealth destroyer No
Five-year total return — price CAGR on bonus- and split-adjusted closes plus the dividend yield — below the 7% a bank fixed deposit paid. Learn more →

Returns

3Y and 5Y are yearly averages
1W
−1.9%
1M
−6.8%
3M
−11.4%
6M
−23.5%
1Y
−9.9%
3Y
+6.6%
5Y
+9.3%

Does Oil & Natural Gas Corpn pay a dividend?

Yes. Oil & Natural Gas Corpn's dividend yield is 2.55% at the latest price; the last payout was ₹1.00 a share, ex-dividend 4 Sep 2026.

Dividends

Per share, by ex-dividend date
Dividend yield2.55%
The past 12 months' dividends as a share of today's price.
4 Sep 2026 · Final₹1.00
18 Feb 2026 · Interim 2₹6.25
14 Nov 2025 · Interim₹6.00
4 Sep 2025 · Final₹1.25
7 Feb 2025 · Interim 2₹5.00
Payout ratio🔒 In the app
The share of profit paid out as dividends; a very high share leaves little to reinvest.
Dividend growth, 5 years🔒 In the app
How fast the dividend per share has grown a year.
Years without a miss🔒 In the app
How many years in a row a dividend has been paid.

Is Oil & Natural Gas Corpn growing?

Revenue 3 years -0.9% a year; profit 3 years 5.3% a year; revenue 5 years 7.6% a year.

Growth

Statements through FY2026 (Mar-26)
Revenue 3 years -0.9% a year
vs peers 0.1% · 8th of 12
Compound annual growth of revenue over three years. Learn more →
Profit 3 years 5.3% a year
vs peers 6.3% · 7th of 10
Compound annual growth of net profit over three years. Learn more →
Revenue 5 years 7.6% a year
Compound annual growth of revenue over five years. Learn more →
Profit 5 years -0.9% a year
Compound annual growth of net profit over five years. Learn more →
EPS 3 years 5.3% a year
Growth in earnings per share, so dilution counts against the company. Learn more →
EPS 5 years 20.5% a year
Growth in earnings per share over five years, so dilution counts against the company. Learn more →
P/E vs own history -5.0%
vs peers -6.8% · 6th of 11
Today's P/E against its own 5-year median; negative is cheaper than its history. Learn more →

How did Oil & Natural Gas Corpn do last quarter?

Oil & Natural Gas Corpn reported revenue of ₹2.0 L Cr, down 0.6% on a year earlier and a net profit of ₹6,554 Cr, up 29.9% in the Jun 2026 quarter.

Latest quarter

Jun 2026
Revenue, latest quarter₹2.0 L Cr
−0.6% on a year earlier
What the company took in over the quarter.
Net profit, latest quarter₹6,554 Cr
+29.9% on a year earlier
What was left for shareholders after every cost and tax.

How does Oil & Natural Gas Corpn compare with its peers?

Compared with 11 Oil Gas & Consumable Fuels (the sector, as the industry was too small); 2nd of 12 on P/E; 4th of 12 on quality score.

Compared with 11 Oil Gas & Consumable Fuels (the sector, as the industry was too small)

11 companies

Oil & Natural Gas Corpn against its peers

Largest 10 of 11 peers, by market cap
CompanyMarket capP/EP/BROEROCE1YQuality 🔒Rank 🔒
Oil & Natural Gas Corpn Ltd₹2.8 L Cr6.41.110.2%11.4%−9.9%
Reliance Industries Ltd₹15.7 L Cr21.23.27.9%7.6%−15.7%
Coal India Ltd₹2.5 L Cr8.113.484.5%62.5%+6.1%
Indian Oil Corporation Ltd₹1.8 L Cr5.20.919.2%17.2%−19.3%
Bharat Petroleum Corporation Ltd₹1.2 L Cr7.21.329.9%31.3%−15.8%
GAIL (India) Ltd₹1.1 L Cr11.11.29.6%10.1%−7.4%
Oil India Ltd₹71,823 Cr8.61.69.5%10.2%+6.0%
Hindustan Petroleum Corporation Ltd₹70,697 Cr41.51.232.5%22.8%−26.4%
Adani Total Gas Ltd₹61,941 Cr98.011.614.1%14.6%−9.9%
Petronet LNG Ltd₹43,575 Cr10.41.718.7%22.9%+3.3%
Aegis Vopak Terminals Ltd₹31,733 Cr125.53.78.1%6.5%+3.5%
Peer median—10.41.714.2%17.2%−7.6%
Market cap in rupees crore; P/E and P/B on the latest price; 1Y is the price return over a year. A dash is a figure that does not apply or is not reported.

Full peer comparison

🔒 Pro
Every peer, every figure, the ranks and the quality and forensic scores side by side: in the app.

Who owns Oil & Natural Gas Corpn?

Oil & Natural Gas Corpn is held by promoters 58.9%, foreign institutions 8.0%, domestic institutions 19.3%.

Shareholding pattern

Latest filing, percent of shares
Promoters58.9%
The founders and controlling group.
Foreign institutions8.0%
Overseas funds investing through the FPI route.
Domestic institutions19.3%
Indian insurers, banks, pension and mutual funds together.
Mutual funds8.0%
Indian mutual fund schemes; part of domestic institutions.
Retail and others2.9%
Individual investors and everyone else.
Promoter shares pledged🔒 In the app
Promoter shares given as collateral for loans; a high share is a risk to watch.
Holding trend🔒 In the app
Whether promoters, foreign funds and mutual funds have been adding or selling over recent quarters.

What do analysts say about Oil & Natural Gas Corpn?

30 analysts cover Oil & Natural Gas Corpn, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

Analyst consensus

30 analysts
ConsensusBuy
The rating most covering analysts give the share.
Average target price🔒 In the app
The mean of the analysts' 12-month price targets.
Upside to target🔒 In the app
How far the target sits above or below today's price.
Share rating it a buy🔒 In the app
The share of covering analysts with a buy rating.

What does Oil & Natural Gas Corpn do and what is it sensitive to?

ONGC is an integrated energy company primarily engaged in exploration, production, and sale of crude oil, natural gas, and value-added products (LPG, ATF, HSD, Naphtha) to B2B industrial customers. Sensitive to: international crude oil prices.

Business-model card

FY2025 · 47 verified
4Revenue
2Channels
6Regulators
3Reg. dependencies
6Sensitivities
8Costs
0Geographies

ONGC is an integrated energy company primarily engaged in exploration, production, and sale of crude oil, natural gas, and value-added products (LPG, ATF, HSD, Naphtha) to B2B industrial customers. The company derives 64.95% of turnover from crude oil, 24.53% from natural gas, and 3.76% from LPG, serving predominantly public sector undertakings and refineries in India.

Revenue by segment

year ended March 31, 2025 (consolidated)
E&P Offshore8.2%
Refining & Marketing5.7%
Petrochemicals82.0%
E&P Outside India2.2%
Onshore2.0%

Revenue engine

4 verified
Crude Oil (65.0%)
Extracted from offshore and onshore fields and sold to refineries and industrial clients at delivery point; offshore segment contributed ₹956,273 Mn revenue in FY25.
Natural Gas (24.5%)
Produced from offshore and onshore assets and delivered to customers per Gas Sale Agreements; onshore segment contributed ₹422,190 Mn revenue in FY25.
Value-Added Products (LPG, ATF, HSD, Naphtha) (3.8%)
Refined petroleum products sold with Material Safety Data Sheets to industrial and commercial buyers; combined accounting for remainder of turnover.
1 more statement
Pipeline Transportation and Processing Services
Services derived from transportation and processing of crude oil and natural gas; included in value-added product revenue streams.

Customers & channels

2 verified
Public Sector Undertakings (PSUs) (90.0%)
Comprise over 90% of company revenue; total sales to PSUs amounted to ₹1,229,477 Mn in FY25, primarily refineries and major energy sector players.
Direct B2B sales model
ONGC establishes direct relationships with customers rather than through dealer or distributor networks; bulk supply via pipelines, marine tankers, and road tankers with contractual sales agreements (COSA, GSA).

Regulators

6 verified
Oil Industry Safety Directorate (OISD)
Governs operational protocols and safety standards for crude oil handling, storage, and transportation; mandates safety drills and periodic audits.
Petroleum and Natural Gas Regulatory Board (PNGRB)
Regulates natural gas operations, safety protocols, and licensing requirements; establishes guidelines for safe handling and operational conduct.
Central Pollution Control Board (CPCB)
Oversees environmental compliance and pollution control across operations.
3 more statements
Directorate General of Mines Safety (DGMS)
Governs safety standards in mining and extraction operations.
Department of Public Enterprises (DPE)
Issues corporate governance guidelines applicable to ONGC as a Central Public Sector Undertaking; no Presidential Directives issued in FY25.
Ministry of Petroleum & Natural Gas
Administers licensing, regulatory approval, and policy framework governing exploration and production activities under acts including Petroleum Act 1934 and Oilfields (Regulation and Development) Act 1948.

Regulatory dependencies

3 verified
Gas Sale Agreements (GSA) and Crude Oil Sales Agreements (COSA)
Contractual framework governing price and delivery terms with customers; retrospective price revisions are accounted for in the year of revision, creating revenue volatility.
Extended Producer Responsibility (EPR) and ESG compliance
Evolving regulations such as SEBI BRSR Core mandate integration of Environmental, Social, and Governance practices; supply chain disruptions and vendor failures increase operational risk.
Merchant Shipping Act 1958 and Offshore Areas Minerals (Development and Regulation) Act 2002
Govern marine and offshore extraction operations; compliance requirements affect operational protocols and infrastructure investment.

Sensitivities

6 verified
International crude oil prices
Crude oil is 64.95% of revenue; substantial or extended decline in international crude prices adversely affects reported results and cash flows; company is exposed to price fluctuations with no forward contracts in place.
International natural gas prices
Natural gas is 24.53% of revenue; global gas demand drivers include economic growth in Asia (India and China) and LNG market rebalancing; prices affect realized revenues per unit sold.
USD/INR exchange rate
Revenue sensitivity to ±Re 1 change in USD/INR exchange rate is ±₹13,073 Mn (FY25); company has USD-denominated liabilities of ~₹49,053 Mn creating foreign exchange risk; no forward contracts used.
3 more statements
Interest rate movements
Finance cost sensitivity to ±50 basis point change in average interest rate is ±₹47.37 Mn; borrowings benchmarked to overnight MCLR, Treasury Bills, and RBI Repo create exposure to rate changes.
Global oil supply and OPEC+ production
Market faces mounting oversupply; world oil production capacity projected to grow 5.1 Mn barrels per day by 2030 versus only 2.5 Mn barrels per day demand increase, creating price compression risk.
Geopolitical tensions and supply chain disruptions
Supply chain exposed to disruptions caused by geopolitical tensions, natural disasters, and market fluctuations; potential vendor failures and project delays can disrupt production and sales.

Cost inputs

8 verified
Employee benefits and wages
Largest operating expense line at ₹107,130 Mn in FY25 including salaries (₹79,415 Mn), provident fund contributions (₹10,762 Mn), gratuity (₹692 Mn), leave provisions (₹5,007 Mn), and post-retirement benefits (₹8,024 Mn).
Royalty payments to Government
Government take-away on production; ₹133,680 Mn in FY25, representing percentage of revenue from oil and gas extraction; fixed by production-sharing agreements and state regulations.
OIDB Cess (Oil Industry Development Board Cess)
Statutory levy on crude oil production; ₹134,802 Mn in FY25, representing significant portion of cost structure; set by regulatory authorities.
5 more statements
Consumption of raw materials, stores and spares
₹118,460 Mn in FY25; includes materials for well operations, equipment maintenance, and production support; subject to commodity price fluctuations.
Contractual drilling, logging, workover services
₹95,793 Mn in FY25; outsourced to specialized service providers; costs fluctuate with well count, complexity, and contractor availability.
Contractual transportation and pipeline services
₹103,836 Mn in FY25; costs for transporting crude oil, natural gas, and products via pipelines and marine tankers to customers; subject to shipping rates and pipeline availability.
Hire charges for equipment and vehicles
₹53,963 Mn in FY25; outsourced equipment rental for drilling, production, and support operations; variable with operational activity levels.
Power, fuel and water charges
₹8,968 Mn in FY25; operational inputs for production facilities and support infrastructure; subject to energy price fluctuations.
Each statement is checked word for word against the FY2025 annual report; the passages are in the app.

What changed recently?

Q1 FY2027 results filed (4 Aug 2026).

Change log

6 entries · newest first
  1. Results filedQ1 FY2027 results filed.
  2. Results filedQ4 FY2026 results filed.
  3. Results filedQ3 FY2026 results filed.
  4. Results filedQ2 FY2026 results filed.
  5. Results filedQ1 FY2026 results filed.
  6. Results filedQ4 FY2025 results filed.
Get alerts →Sign in to be told when any of these change.

What this page does not tell you

What could not be judged, and why. Never empty.
  • Models not runFair value, EPV, Graham number, Graham value, Lynch, Owner earnings: no valuation stored.
  • FlagsCLEAN on 30 of 30 flags judged; no red flag.
  • Data gapsBusiness quality: not available yet.

What this page rests on

✓10 years of annual statements, through FY2026 (Mar-26)✓10 quarters of results✓285 months of month-end prices, adjusted for bonuses and splits○no valuation of ours yet✓business-model card FY2025 · 47 verified

Questions people ask

What is Oil & Natural Gas Corpn's share price today?

Oil & Natural Gas Corpn last traded at ₹221.23 on the NSE, as of 13 Oct 2026, 11:45 am IST, up 0.6% on the day, down 9.9% over a year. Its 52-week range is ₹219 to ₹308. The live price is in the app.

What is Oil & Natural Gas Corpn's market cap?

Oil & Natural Gas Corpn's market capitalisation is about ₹2.77 lakh crore: what it would cost to buy every share at today's price. That makes it the 29th largest large cap company we cover.

Is Oil & Natural Gas Corpn Ltd a large cap, mid cap or small cap?

Oil & Natural Gas Corpn Ltd (ONGC) is a large cap company in AMFI's classification for Jan-Jun 2026. SEBI's buckets go by rank on six-month average market capitalisation: the top 100 are large caps, 101 to 250 mid caps, the rest small caps.

What is Oil & Natural Gas Corpn Ltd's P/E ratio?

6.40, vs peers 10.4 · 2nd of 12. Price divided by last year's earnings per share: how many years of today's profit you pay for.

Is Oil & Natural Gas Corpn Ltd overvalued?

Cheap, with low confidence: no valuation within 120 days; P/E 6.4 vs peers 10.4 (2nd of 12); P/B 1.1 vs peers 1.7 (2nd of 12). Cheap for a reason: revenue -0.9% a year over 3 years.

How does Oil & Natural Gas Corpn Ltd make money?

ONGC is an integrated energy company primarily engaged in exploration, production, and sale of crude oil, natural gas, and value-added products (LPG, ATF, HSD, Naphtha) to B2B industrial customers. The company derives 64.95% of turnover from crude oil, 24.53% from natural gas, and 3.76% from LPG, serving predominantly public sector undertakings and refineries in India.

Who are Oil & Natural Gas Corpn Ltd's peers?

Compared with 11 Oil Gas & Consumable Fuels (the sector, as the industry was too small): Reliance Industries Ltd, Coal India Ltd, Indian Oil Corporation Ltd, Bharat Petroleum Corporation Ltd, GAIL (India) Ltd and 6 more. The app shows how they compare on every figure.

Is this investment advice?

No. Valarth is a research and learning tool and is not a SEBI-registered investment adviser or research analyst. The figures come from the company's filings and the exchanges; what to do with them is your call.

How did Oil & Natural Gas Corpn do last quarter?

Oil & Natural Gas Corpn reported revenue of ₹2.0 L Cr, down 0.6% on a year earlier and a net profit of ₹6,554 Cr, up 29.9% in the Jun 2026 quarter.

Who owns Oil & Natural Gas Corpn?

Oil & Natural Gas Corpn is held by promoters 58.9%, foreign institutions 8.0%, domestic institutions 19.3%.

Does Oil & Natural Gas Corpn pay a dividend?

Yes. Oil & Natural Gas Corpn's dividend yield is 2.55% at the latest price; the last payout was ₹1.00 a share, ex-dividend 4 Sep 2026.

What do analysts say about Oil & Natural Gas Corpn?

30 analysts cover Oil & Natural Gas Corpn, and the consensus is buy. A consensus is a count of opinions, not a forecast; read it beside the numbers.

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