🔔 Downgrade Alert
HSBC downgraded ONGC to 'Reduce' with a target price of Rs 235, citing risks from falling oil prices and declining production rates.
Analyst Rating
based on 30 analysts
60.00%
Buy
20.00%
Hold
20.00%
Sell
Based on 30 analysts offering long term price targets for Oil & Natural Gas Corpn Ltd. An average target of ₹322.07
Source: S&P Global Market Intelligence
Oil & Natural Gas Corpn Ltd Share analysis
Oil & Natural Gas Corpn Ltd price forecast by 30 analysts
Upside of10.91%
High
₹430
Target
₹322.07
Low
₹175
Oil & Natural Gas Corpn Ltd target price ₹322.07, a slight upside of 10.91% compared to current price of ₹285.25. According to 30 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
Oil & Natural Gas Corpn Ltd revenue growth forecast
Expected growth rate Q1, FY2026:9.22%
Forecast
Actual
Including amortisation and stock based compensations
Oil & Natural Gas Corpn Ltd EPS growth forecast
EPS estimate Q1, FY2026:12.57%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹282.5₹289.252 Week's Low
52 Week's High
₹179.9₹345
| Returns % | |
| 1 Month Return | -13.39 % |
| 3 Month Return | + 6.94 % |
| 1 Year Return | + 54.3 % |
| Market Stats | |
| Previous Close | ₹290.40 |
| Open | ₹287.40 |
| Volume | 1.71Cr |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹3,65,331.31Cr |
Key Statistics
| P/E Ratio | 8.21 |
| PEG Ratio | 1.85 |
| Market Cap | ₹3,65,331.31 Cr |
| P/B Ratio | 1.1 |
| EPS | 45.39 |
| Dividend Yield | 0 |
| Sector | Crude Oil & Natural Gas |
| ROE | 14.32 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹3,65,331.31 Cr | 26.73% | 0.61 | ₹57,100 Cr | ₹5,91,447 Cr | |
| BUY | ₹19,80,286.47 Cr | 35.21% | 0.65 | ₹79,020 Cr | ₹9,01,064 Cr | |
| BUY | ₹96,783.16 Cr | 103.32% | 0.61 | ₹6,980 Cr | ₹32,466 Cr | |
| ₹33,374.76 Cr | 59.02% | 0.75 | ₹3,597 Cr | ₹90,406 Cr | ||
| BUY | ₹27,070.88 Cr | 65.72% | 0.57 | ₹672 Cr | ₹7,045 Cr |
Mutual Fund Holdings
Company Information
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: ₹285.25 per share as on 19 Sep, 2024 04:01 PM
Market Capitalisation: ₹3,65,331.31Cr as of today
Revenue: ₹1,66,576.75Cr as on June 2024 (Q2 24)
Net Profit: ₹10,235.64Cr as on June 2024 (Q2 24)
Listing date: 09 Aug, 1995
Chairperson Name: ARUN KUMAR SINGH
| Organisation | Oil & Natural Gas Corpn Ltd |
| Headquarters | Dehradun |
| Industry | Crude Oil & Natural Gas |
| E-voting on shares | Click here to vote |
What's happening today
Today's Timeline - Invalid Date
07:59 AM
-HSBC downgrades ONGC to 'Reduce', citing falling oil prices and declining production rates as key concerns.
12:25 PM
-HSBC highlights ONGC's production issues and lower output guidance, raising concerns over future growth viability.
01:12 PM
-Jefferies expects over 40% upside for ONGC shares, citing strong production prospects and favorable valuations despite recent corrections.
Today's Timeline - Invalid Date
03:47 PM
-ONGC shares fell 1.3% after HSBC's downgrade, with a target price of Rs 235 indicating an 18% downside.
05:47 PM
-ONGC won seven blocks in the latest bidding round, while Reliance and BP received one block.
Key events for Oil & Natural Gas Corpn Ltd
ONGC Faces Downgrade Amid Production Concerns - 19 Sep, 2024
ONGC's stock faced pressure following HSBC's downgrade due to falling oil prices and production issues. Jefferies remains optimistic, predicting over 40% upside. The company also secured seven blocks in a recent bidding round.
ONGC Shares React to Windfall Tax Removal - 18 Sep, 2024
Shares of Oil & Natural Gas Corporation (ONGC) gained initially after the government scrapped the windfall tax on crude oil, boosting investor sentiment. However, some gains were later lost.
ONGC Reports Strong Market Position and Dividend Yield - 17 Sep, 2024
Oil and Natural Gas Corporation Limited has a market cap of ₹3.68 trillion and a dividend yield of 4.2%. Recent management changes and investments in renewable energy may influence future stability.
ONGC Appoints New Director, Upgrades Rating - 16 Sep, 2024
ONGC has appointed Arunangshu Sarkar as Director for Strategy and Corporate Affairs. Prabhudas Lilladher upgraded ONGC's rating to Accumulate with a target price of ₹329.
ONGC Appoints New Director for Energy Strategy - 15 Sep, 2024
ONGC has appointed Arunangshu Sarkar as Director for new energy and petrochemicals, focusing on corporate strategy and joint ventures, as part of a board revamp.
ONGC Appoints New Director and Issues Shares - 14 Sep, 2024
ONGC Petro Additions Ltd has allotted 61,070 lakh equity shares for CCD conversions. Additionally, Arunangshu Sarkar has been appointed as ONGC's first Director (Strategy) to improve operations.
ONGC's Positive Outlook and Strategic Agreements Announced - 12 Sep, 2024
ONGC's stock outlook improves as analysts upgrade ratings amid rising gas prices. The company also signs a MoU for critical minerals and approves a significant buyback.
ONGC Faces Stock Decline Amid Oil Price Challenges - 11 Sep, 2024
ONGC's stock has faced pressure due to falling crude oil prices and missed production targets. Despite this, analysts have upgraded ratings, citing potential recovery. Additionally, ONGC Videsh signed an MOU for critical mineral collaboration.
ONGC Faces Challenges Amid Strategic Moves and Criticism - 10 Sep, 2024
ONGC is under scrutiny for delays costing Rs 604 crore, while analysts recommend a buy despite selling pressure. ONGC Videsh pursues overseas assets and signs an MoU for critical minerals.
ONGC Faces Downgrade Amid New Projects and Orders - 09 Sep, 2024
ONGC is enhancing production from ageing fields and expanding its green energy portfolio. However, shares fell nearly 3% following a downgrade by Citi due to falling oil prices.
ONGC Awards Major Contract to Mazagon Dock - 06 Sep, 2024
Mazagon Dock Shipbuilders received a significant contract worth Rs 1,486 crore from ONGC for a pipeline replacement project, enhancing collaboration between the two government entities.
ONGC Faces Losses Amid Acquisition Bid - 05 Sep, 2024
ONGC is in the running to acquire Ayana Renewable Power while facing criticism from CAG for incurring Rs 604 crore losses due to delays.
ONGC Faces Selling Pressure Amid Crude Price Decline - 04 Sep, 2024
ONGC is considering a major refinery project while facing selling pressure due to a decline in crude oil prices, leading to significant share drops.
ONGC Explores Refinery Projects and Stake Acquisitions - 03 Sep, 2024
ONGC Videsh plans to acquire a stake in the ACG oil field for $60 million. Additionally, ONGC is exploring a refinery project in Uttar Pradesh with BPCL, indicating strategic growth amid rising fuel demand.
ONGC Expands Investments and Green Energy Initiatives - 02 Sep, 2024
ONGC Videsh is set to acquire a stake in Azerbaijan's ACG oil field. Shares rose after Morgan Stanley's target price increase. ONGC also plans to expand its green energy capacity significantly by 2030 and declared a dividend for FY 2024.
ONGC Videsh Pursues US Approval for Venezuelan Assets - 31 Aug, 2024
ONGC Videsh is in advanced negotiations with the US for a license to operate in Venezuela, aiming to reclaim ownership of oil resources and pending dividends. The company expects increased production from its fields in the coming years.
ONGC Faces Production Delays and Seeks US Approval - 30 Aug, 2024
ONGC is grappling with production delays in the KG basin, while ONGC Videsh seeks US approval to operate projects in Venezuela and regain control of oil fields. The company aims to boost output and recover significant dividends amid ongoing challenges.
ONGC Announces Upcoming Dividend Payment Details - 28 Aug, 2024
ONGC is set to announce the payment date for its final dividend of ₹2.50 per share during the AGM on August 30, 2024. The stock has shown strong performance, surging 19.30% in the last three months.
ONGC Stock Sees Positive Momentum and Earnings Upside - 27 Aug, 2024
ONGC's stock is experiencing upward momentum, with a target price increase from JPMorgan, potential earnings upside from gas price reforms, and significant returns over two years.
ONGC Achieves Milestones with New Production and Exports - 26 Aug, 2024
ONGC has commenced production from its fifth oil well, initiated gas exports, and approved additional investment in OPaL, leading to a significant rise in share prices. The company continues to enhance its operational capabilities while maintaining a strong market presence.
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 IMPACTRetail Holding Up
Retail Investor have increased holdings from 3.05% to 3.49% in Jun 2024 quarter
NO EFFECTPromoter Holding Unchanged
Promoters holdings remained unchanged at 58.89% of holdings in Jun 2024 quarter
- NO EFFECT
Against Peers
In the last 1 year, Oil India Ltd has given 217.7% return, outperforming this stock by 163.4%
- NO EFFECT
Against Peers
In the last 3 years, Selan Explorations Technology Ltd has given 513.9% return, outperforming this stock by 387.9%
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 8.88% to 8.57% in Jun 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 7.35% to 7.31% in Jun 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 1 month, ONGC stock has moved down by -13.4%
- NEGATIVE IMPACT
Profit Down
Netprofit is down for the last 5 quarters, 14.64K Cr → 9.93K Cr (in ₹), with an average decrease of 8.9% per quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 1.71L Cr → 1.69L Cr (in ₹), with an average decrease of 0.8% per quarter
Oil & Natural Gas Corpn Ltd Infographics
Oil & Natural Gas Corpn Ltd Q1 FY2024-2025 Results: Key Insights
ONGC reports a 43% YoY decline in Q1 profits due to reduced other income and write-offs related to dry wells.
News
ONGC Energy Centre Recruitment 2024: Check Post Salary Age Qualification and Other Important Information
ONGC Energy Centre is looking for interested and eligible candidates for the post of Junior Project Fellow.31 Jul, 2024 03:25 PMONGC, BPCL, HPCL, other oil stocks in focus as India cuts windfall tax to ₹4,600 per tonne
The tax, which is levied in the form of Special Additional Excise Duty (SAED), has been reduced to ₹4,600 per tonne from ₹7,000 per tonne on the export of petroleum crude. The new rates are effective from August 1.01 Aug, 2024 08:28 AMPrice Updates: ONGC Stock Hits New 52-Week High at Rs 339.6, Registers 1.62% Increase
Stay up-to-date with the Oil And Natural Gas Corporation Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a prominent stock. Explore the latest information on Oil And Natural Gas Corporation, including: Last traded price 338.9, Market capitalization: 420432.93, Volume: 1768023, Price-to-earnings ratio 8.7, Earnings per share 38.42. Our liveblog provides a comprehensive overview of Oil And Natural Gas Corporation by integrating fundamental and technical indicators. Stay informed about breaking news that can impact Oil And Natural Gas Corporation's performance in the market. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Join us on this journey as we delve into the exciting world of Oil And Natural Gas Corporation and its market potential. The data points are updated as on 01-08-2024 09:21 IST01 Aug, 2024 08:33 AMCompany Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 58.89% | 0.00 | |
| Foreign Institutions | 8.57% | ||
| Mutual Funds | 7.31% | ||
| Retail Investors | 3.49% | 14.38 | |
| Others | 21.74% |
Key Indicators
Oil & Natural Gas Corpn Ltd Valuation
Oil & Natural Gas Corpn Ltd in the last 5 years
Lowest (2.96x)
July 6, 2022
Today (8.21x)
September 18, 2024
Industry (10.03x)
September 18, 2024
Highest (297.63x)
February 25, 2021
Earnings and Dividends
Oil & Natural Gas Corpn Ltd Earnings Results
Oil & Natural Gas Corpn Ltd’s net profit fell -32.15% since last year same period to ₹9,936.45Cr in the Q1 2024-2025. On a quarterly growth basis, Oil & Natural Gas Corpn Ltd has generated -1.69% fall in its net profits since last 3-months.
Read More about Earnings ResultsOil & Natural Gas Corpn Ltd Dividends May,2024
In the quarter ending March 2024, Oil & Natural Gas Corpn Ltd has declared dividend of ₹2.50 - translating a dividend yield of 4.39%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Oil & Natural Gas Corpn Ltd is currently in a Bearish trading position according to technical analysis indicators.
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Oil & Natural Gas Corpn Ltd (ONGC) share price today is ₹285.25
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 ₹289.2.
- Today’s lowest price of Oil & Natural Gas Corpn Ltd is ₹282.5.
PE Ratio of Oil & Natural Gas Corpn Ltd is 8.21
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 1.71Cr.
Today’s market capitalisation of Oil & Natural Gas Corpn Ltd(ONGC) is ₹365331.31Cr.
| Oil & Natural Gas Corpn Ltd(ONGC | Price |
|---|---|
52 Week High | ₹345 |
52 Week Low | ₹179.9 |
Oil & Natural Gas Corpn Ltd(ONGC) share price is ₹285.25. It is down -17.32% from its 52 Week High price of ₹345
Oil & Natural Gas Corpn Ltd(ONGC) share price is ₹285.25. It is up 58.56% from its 52 Week Low price of ₹179.9
| Oil & Natural Gas Corpn Ltd(ONGC | Returns |
|---|---|
1 Day Returns | -5.15% |
1 Month Returns | -13.39% |
3 Month Returns | 6.94% |
1 Year Returns | 54.3% |