Is Oil & Natural Gas Corporation a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Oil & Natural Gas Corporation Ltd is a good quality company .

Is Oil & Natural Gas Corporation undervalued or overvalued?

The key valuation ratios of Oil & Natural Gas Corporation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Oil & Natural Gas Corporation share price return in the past 10 years?

Oil & Natural Gas Corporation Ltd share price has appreciated 0.2% annually (CAGR) over the past ten years.

Is Oil & Natural Gas Corporation a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Oil & Natural Gas Corporation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Oil & Natural Gas Corporation?

Company share prices are keep on changing according to the market conditions. The closing price of Oil & Natural Gas Corporation on 06-Sep-2024 at 16:01 is 308.90.

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

The latest standalone P/E ratio of Oil & Natural Gas Corporation as of 06-Sep-2024 is 10.08.

What is the P/B ratio of Oil & Natural Gas Corporation?

The latest standalone P/B ratio of Oil & Natural Gas Corporation as of 06-Sep-2024 is 1.23.

What is the 52-week high and low of Oil & Natural Gas Corporation?

The 52-week high of Oil & Natural Gas Corporation is Rs. 344.60 and the 52-week low is Rs. 179.80.

What is the TTM revenue of Oil & Natural Gas Corporation?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Oil & Natural Gas Corporation is Rs. 139854.19 (Cr.).

Oil & Natural Gas Corporation Ltd - Stock Valuation and Financial Performance

Name: Oil & Natural Gas Corporation
Brand: Oil & Natural Gas Corporation

BSE: 500312 | NSE: ONGC | Oil Exploration | Large Cap

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ONGC Share Price

₹308.90 -2.55 -0.82%
as on 06-Sep'24 16:01

10 Year X-Ray of ONGC:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	18.9%	16%	15.1%	15%	19.2%	11%	8.8%	18.7%	21.5%	19.7%	-
Value Creation Index ⓘ	0.7	0.4	0.3	0.3	0.7	0.0	-0.2	0.7	0.9	0.8	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	82,871	77,543	77,698	84,963	1,09,628	96,166	68,087	1,10,319	1,44,513	1,29,741	1,39,854
Sales YoY Gr.	-	-6.4%	0.2%	9.4%	29%	-12.3%	-29.2%	62%	31%	-10.2%	-
Adj EPS ⓘ	13.8	14.3	13.9	15.5	21.5	14.4	7.7	32.2	37.6	32.4	30.7
YoY Gr.	-	3.6%	-3.2%	11.8%	38.9%	-33.3%	-46.4%	318.2%	16.7%	-13.8%	-
BVPS (₹) ⓘ	112.2	129.2	144.6	150.7	160.4	153.5	162.6	188.5	206.7	243.2	250.3
Adj Net Profit ⓘ	17,748	18,396	17,801	19,910	27,093	18,067	9,685	40,511	47,264	40,718	38,559
Cash Flow from Ops. ⓘ	24,964	39,894	32,788	37,537	42,304	57,807	27,665	49,301	80,838	65,336	-
Debt/CF from Ops. ⓘ	0.1	0	0	0.7	0.5	0.2	0.5	0.1	0.1	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	5.1%	3.4%	24%	-10.2%
Adj EPS ⓘ	9.9%	8.5%	61.4%	-13.8%
BVPSⓘ	9%	8.7%	14.4%	17.7%
Share Price	0.2%	19.3%	37.5%	67.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	12.6	11.9	10.1	10.5	13.7	9.2	4.9	18.3	19	14.4	12.4
Op. Profit Mgn % ⓘ	13	19	14.8	22.3	30	30.1	21	38.1	39.4	37.3	46.4
Net Profit Mgn % ⓘ	21.4	23.7	22.9	23.4	24.7	18.8	14.2	36.7	32.7	31.4	27.6
Debt to Equity ⓘ	0	0	0	0.1	0.1	0.1	0.1	0	0	0	-
Working Cap Days ⓘ	343	363	279	200	178	221	333	228	171	199	90
Cash Conv. Cycle ⓘ	26	24	16	12	-1	6	29	20	12	20	35

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.98%

Net Profit is growing at healthy rate in last 3 years 61.39%

Return on Equity has declined versus last 3 years average to 12.40%

Sales growth is not so good in last 4 quarters at -4.59%

Latest Financials - Oil & Natural Gas Corporation Ltd.

	Standalone	Consolidated
TTM EPS (₹)	30.7	35.1
TTM Sales (₹ Cr.)	1,39,854	6,45,790
BVPS (₹.) ⓘ	250.3	275.9
Reserves (₹ Cr.) ⓘ	3,08,624	3,40,801
P/BV ⓘ	1.23	1.12
PE ⓘ	10.08	8.80

From the Market
52 Week Low / High (₹)	179.80 / 344.60
All Time Low / High (₹)	10.58 / 344.60
Market Cap (₹ Cr.)	3,88,605
Equity (₹ Cr.)	6,290.1
Face Value (₹)	5
Industry PE ⓘ	11.4

Management X-Ray of ONGC:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of ONGC

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Price to Earnings

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Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of ONGC

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	82,871	77,543	77,698	84,963	1,09,628	96,166	68,087	1,10,319	1,44,513	1,29,741
Operating Expenses ⓘ	72,095	62,914	66,226	66,038	77,169	68,945	53,761	68,550	88,615	81,662
Manufacturing Costs	24,184	20,594	24,018	22,860	28,667	27,614	22,624	29,853	41,168	37,621
Material Costs	720	42	-130	-63	-166	247	-426	-143	-483	-772
Employee Cost	8,626	8,697	11,551	11,381	12,113	11,512	10,127	11,082	10,621	10,526
Other Costs ⓘ	38,565	33,581	30,788	31,860	36,555	29,571	21,437	27,758	37,309	34,287
Operating Profit ⓘ	10,776	14,629	11,473	18,925	32,459	27,221	14,326	41,769	55,898	48,080
Operating Profit Margin (%)	13.0%	18.9%	14.8%	22.3%	29.6%	28.3%	21.0%	37.9%	38.7%	37.1%
Other Income ⓘ	27,240	24,621	27,154	25,946	25,518	19,993	19,321	19,176	24,945	29,514
Interest ⓘ	3	1,324	1,222	1,508	2,492	3,310	2,292	2,360	2,700	4,081
Depreciation ⓘ	11,458	11,100	12,190	14,470	15,456	18,617	16,327	17,546	16,820	20,496
Exceptional Items ⓘ	0	-3,227	0	0	0	-4,899	1,375	0	-9,235	0
Profit Before Tax ⓘ	26,555	23,599	25,216	28,892	40,029	20,388	16,403	41,040	52,089	53,016
Tax ⓘ	8,822	7,459	7,316	8,947	13,264	6,924	5,156	734	11,992	12,490
Profit After Tax	17,733	16,140	17,900	19,945	26,765	13,464	11,246	40,306	40,097	40,526
PAT Margin (%)	21.4%	20.8%	23.0%	23.5%	24.4%	14.0%	16.5%	36.5%	27.7%	31.2%
Adjusted EPS (₹)	13.8	12.6	14.0	15.5	21.3	10.7	8.9	32.0	31.9	32.2
Dividend Payout Ratio (%)	46%	45%	65%	42%	33%	47%	40%	33%	35%	38%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	1,44,601	1,65,775	1,85,538	1,93,385	2,01,790	1,93,095	2,04,559	2,37,148	2,59,972	3,05,977
Share Capital ⓘ	4,278	4,278	6,417	6,417	6,290	6,290	6,290	6,290	6,290	6,290
Reserves ⓘ	1,40,323	1,61,497	1,79,122	1,86,968	1,95,499	1,86,805	1,98,268	2,30,858	2,53,682	2,99,686
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	1,393	0	0	25,592	21,594	13,949	15,023	6,397	4,579	6,109
Long Term Debt	0	0	0	0	0	2,245	6,328	6,397	3,950	3,988
Short Term Debt	1,393	0	0	25,592	21,594	11,704	8,695	0	629	2,121
Trade Payables	5,561	5,126	5,155	7,335	8,825	7,114	6,377	6,155	6,256	6,382
Others Liabilities ⓘ	75,895	82,550	56,556	64,917	67,500	89,179	92,496	87,565	99,072	1,27,553
Total Liabilities ⓘ	2,27,450	2,53,451	2,47,250	2,91,228	2,99,708	3,03,336	3,18,454	3,37,264	3,69,878	4,46,021
Fixed Assets
Gross Block	2,61,463	1,08,661	1,08,810	1,24,873	1,77,946	2,08,497	2,25,535	2,46,650	2,73,386	3,28,227
Accumulated Depreciation	1,62,568	11,931	4,003	5,244	55,215	75,125	90,051	1,06,261	1,27,659	1,46,132
Net Fixed Assetsⓘ	98,895	96,730	1,04,807	1,19,628	1,22,731	1,33,373	1,35,484	1,40,389	1,45,727	1,82,095
CWIP ⓘ	28,579	33,896	34,956	35,384	35,050	36,226	40,949	41,971	48,928	53,114
Investmentsⓘ	18,124	39,831	54,150	85,731	84,882	79,086	81,376	85,173	84,986	1,05,569
Inventories	5,962	5,626	6,165	6,689	7,704	8,567	8,474	7,861	8,321	10,712
Trade Receivables	13,578	5,431	6,476	7,773	8,440	4,777	7,797	11,788	10,250	11,410
Cash Equivalents	2,760	9,957	9,511	1,013	504	968	303	236	21,634	30,031
Others Assetsⓘ	59,551	61,980	31,184	35,011	40,397	40,340	44,070	49,845	50,034	53,091
Total Assets ⓘ	2,27,450	2,53,451	2,47,250	2,91,228	2,99,708	3,03,336	3,18,454	3,37,264	3,69,878	4,46,021

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	24,964	39,894	32,788	37,537	42,304	57,807	27,665	49,301	80,838	65,336
PBT ⓘ	26,555	23,599	25,216	28,892	40,029	20,388	16,403	41,040	52,089	53,016
Adjustment ⓘ	17,258	14,908	9,976	15,403	19,843	31,396	16,506	19,042	33,054	21,777
Changes in Working Capital ⓘ	-10851	8131	3458	521	-6361	12687	-2409	-1001	8540	2411
Tax Paid ⓘ	-7,945	-6,745	-5,862	-7,280	-11,208	-6,665	-2,835	-9,780	-12,845	-11,868
Cash Flow From Investing Activity ⓘ	-17,991	-32,683	-21,303	-53,730	-22,088	-34,980	-20,657	-23,502	-57,365	-42,694
Capex	-8,233	-10,141	-9,514	-18,237	-11,245	-22,941	-15,096	-17,661	-26,833	-24,116
Net Investments	5,688	-11,029	-1,153	10,703	-1,911	-4,768	-1,438	-1,395	-21,400	-10,319
Others ⓘ	-15,446	-11,512	-10,636	-46,197	-8,932	-7,271	-4,123	-4,446	-9,132	-8,259
Cash Flow From Financing Activityⓘ	-8,098	-7,316	-11,455	16,180	-20,230	-22,747	-6,984	-25,869	-23,445	-22,685
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	2,127	4,140	-8,695	0	-2,640
Interest Paid ⓘ	-2	-5	-3	-327	-780	-884	-593	-634	-667	-1,704
Dividend Paid ⓘ	-7,913	-4,917	-9,517	-7,763	-9,275	-7,549	-2,205	-11,449	-17,609	-12,895
Others ⓘ	-182	-2,394	-1,935	24,270	-10,175	-16,441	-8,325	-5,091	-5,170	-5,446
Net Cash Flow ⓘ	-1,125	-105	29	-13	-13	80	24	-70	27	-43

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	12.66	10.42	10.19	10.53	13.55	6.82	5.66	18.25	16.13	14.32
ROCE (%)	18.87	16.02	15.05	15.03	19.22	11.01	8.76	18.74	21.45	19.71
Asset Turnover Ratio	0.37	0.32	0.31	0.32	0.37	0.32	0.22	0.34	0.44	0.34
PAT to CFO Conversion(x)	1.41	2.47	1.83	1.88	1.58	4.29	2.46	1.22	2.02	1.61
Working Capital Days
Receivable Days	48	45	28	31	27	25	34	32	26	29
Inventory Days	26	27	28	28	24	31	46	27	19	25
Payable Days	3,027	0	0	0	0	0	-5,775	0	-4,691	-2,988

Oil & Natural Gas Corporation Ltd Stock News

Oil & Natural Gas Corporation Ltd FAQs

What is the share price of ONGC?

Company share prices are keep on changing according to the market conditions. The closing price of ONGC on 06-Sep-2024 16:01 is ₹308.9.

What is the market cap of ONGC?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Sep-2024 16:01 the market cap of ONGC stood at ₹3,88,604.8.

What is the P/E ratio of ONGC?

The latest P/E ratio of ONGC as of 06-Sep-2024 16:01 is 10.08.

What is the P/B ratio of ONGC?

The latest P/B ratio of ONGC as of 06-Sep-2024 16:01 is 1.23.

What is the 52-week high and low of ONGC?

The 52-week high of ONGC is ₹344.6 and the 52-week low is ₹179.8.

What is the TTM revenue of ONGC?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of ONGC is ₹1,39,854 ( Cr.) .

About Oil & Natural Gas Corporation Ltd

Oil & Natural Gas Corporation (ONGC) is the largest crude oil and natural gas Company in India. Crude oil is the raw material used by downstream companies like IOC, BPCL, and HPCL (subsidiary of ONGC) to produce petroleum products like Petrol, Diesel, Kerosene, Naphtha, and Cooking Gas-LPG.

ONGC has a unique distinction of being a company with in-house service capabilities in all areas of Exploration and Production of oil & gas and related oil-field services. Winner of the Best Employer award, this public sector enterprise has a dedicated team of over many professionals who toil round the clock in challenging locations.
ONGC as an integrated Oil & Gas Corporate has developed in-house capability in all aspects of exploration and production business i.e., Acquisition, Processing & Interpretation (API) of Seismic data, drilling, work-over and well stimulation operations, engineering & construction, production, processing, refining, transportation, marketing, applied R&D and training, etc.

With more than 50 years of Exploration ONGC had discovered many Producing basins of India. These Oil Producing Basins are;

1958 - Cambay, Gujarat
1967 - Rajasthan
1973 - Assam
1974 - Mumbai Offshore
1980 - Krishna Godavari Basin
1985 - Cauvery Basin

Business area of the company

ONGC is a global energy holding company, engaged in the oil exploration, development, and production of crude oil and natural gas. Its segments include Exploration & Production (E&P), and Refining.

Awards

‘Energy and Environment Foundation Global Safety Award 2019’: IPSHEM received the prestigious ‘Energy and Environment Foundation Global Safety Award 2019’ in Platinum category during 9th World Petro-Coal Congress & Expo (WPCC), 2019.
Award for Best Innovative Practices for Women at Workplace: ONGC has won the Best Innovative Practices Award for Women at Workplace at the 2nd Gender Equality Summit organized by Global Compact Network India on the theme ‘Preparing Women for the Future of Work’, on 1 March 2019 at New Delhi.
CSR work in Jammu & Kashmir recognized by FICCI: The Company has been conferred with FICCI award for Corporate Social Responsibility (CSR) projects undertaken by it in Baramulla and Uri of Jammu & Kashmir.
Golden Peacock Award for HR Excellence: ONGC won the Golden Peacock Award for HR Excellence in a ceremony organized by Institute of Directors (IOD) at Mumbai.
Governance Now Award: ONGC was awarded Governance Now Award for its “HR Excellence” and “Communication Outreach” at the 6th PSU Awards held at New Delhi.
Saksham Award for the best Overall performance in Upstream Sector: ONGC for its recognition of its efforts for promoting Oil & Gas Conservation during ‘Saksham 2018’ was honoured with the award for best overall performance in the ‘Upstream Sector’ at the inaugural function of ‘Sanrakhsan Kshamta Mahotsav-2019’ (Saksham-2019).
FIPI Oil & Gas Awards 2017: ONGC has been conferred with two awards under prestigious categories of ‘Exploration & Production - Company of the year’ and ‘Environmental Sustainability - Company of the year’ by Federation of Indian Petroleum Industry (FIPI).
‘GLOBAL ENVIRONMENT AWARD’: IPSHEM, Goa received prestigious ‘Energy And Environment Foundation Global Environment Award 2018’ under the Platinum category during the 9th World Renewable Energy Technology Congress and Expo-2018.
Top honours at Swachhta Pakwada Awards: ONGC has received top honours at ‘Swachhta Pakhwada’ Awards in Delhi.
INFRA Icon Award in the ‘Global Energy' category: ONGC has been conferred with INFRA Icon Award in the “Global Energy” category at the mid-day INFRA Icons Awards 2018.
‘Maharatna of the Year (Non-Manufacturing)’ in Dalal Street’s Roll of Honor: ONGC has been recognized in the Dalal Street Investment Journal’s Roll of Honor list of India’s Best Public Sector Undertakings 2017 as the ‘Maharatna of the Year (Non-Manufacturing)’.
Green Rameswaram CSR project bags accolades at 2nd Innovative Practices Awards: ONGC's ‘Green Rameswaram’ CSR Project was crowned winner under the ‘Sanitation Category’ at the 2nd Innovative Practices Awards for Sustainable Development Goals at Bengaluru.
Bagged four awards at 5th Dun & Bradstreet PSU Awards: ONGC has been awarded with four accolades at 5th Dun & Bradstreet PSU Awards. It has been adjudged the winner in categories viz. ‘Mining & Exploration: Crude Oil’, ‘Mining & Exploration’, ‘CSR’ and ‘Swachh Bharat’.
ONGC Ranked 220 in Forbes Global 2000 list
Dun & Bradstreet Award 2019 in the 'Oil and Gas Exploration' category: ONGC has been adjudged the winner in the 'Oil and Gas Exploration' category of the Dun & Bradstreet Corporate Awards 2019.
Platts Top 250: Ranked no.1 E&P Company: ONGC maintained its First Position globally in the industry category ‘Oil and Gas Exploration and Production’ and achieved overall ranking of 21st position in the Platts Top 250 Global Energy Company Rankings-2018.
Ranked 160 in coveted Fortune Global 500 list 2019: India’s largest oil and gas producer has been ranked 160 in the coveted Fortune Global 500 list.
S&P Platts Global Energy Award 2019: ONGC awarded for Corporate Social Responsibility - Diversified Program. ONGC is the only Indian company to bag honors across all categories.
Certified as Great Place to Work: ONGC has been certified by the Great Place to Work, for its ‘high-trust, high-performance culture’; Great Place to Work is an USA-based global leader in certification of HR practices.
Golden Peacock National Quality Award - 2020: The Golden Peacock National Quality Award for the year 2020 has been conferred to ONGC in recognition of its robust Quality Management Systems. The Golden Peacock National Quality Award is an annual award administered by the Golden Peacock Award Secretariat, as a part of the activities of ‘The Institute of Directors, New Delhi’.
ONGC Videsh (OVL), the overseas investment arm of Oil and Natural Gas Corporation (ONGC), has won the India Risk Management Award constituted by ICICI Lombard & CNBC-TV18, second time in a row in the category Best Risk Management Framework and Systems - PSU in 2020.
ONGC has bagged Golden Peacock Environment Management Award for second consecutive year. In another major recognition towards ONGC’s corporate commitment towards maintaining a healthy and sustainable environment, the Energy Maharatna has been conferred with the prestigious Golden Peacock Environment Management Award 2020.