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Oil & Natural Gas Corporation Ltd.

NSE: ONGC · Oil Gas & Consumable Fuels

₹231.76+0.77%06 Nov 2026

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Instant answers about Oil & Natural Gas Corporation Ltd. — computed from its filings, no language model
Market cap₹2,91,561 cr
Current price₹231.76
High / Low₹301 / ₹220
P/E5.9
P/B0.73
Book value₹318.4
ROE12.4%
ROCE13.7%
Debt / equity0.38
Dividend yield5.82%
EPS (TTM)₹39.33
Face value₹5

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
FY20FY21FY23FY24FY25FY26
Revenue4,25,0013,60,5726,84,8296,43,0376,63,2626,62,247
EBITDA52,14549,46675,5271,02,83588,8611,03,120
Operating margin12.3%13.7%11.0%16.0%13.4%15.6%
Interest7,0005,0797,88910,19414,53513,029
Depreciation26,63525,53824,55728,76335,20637,391
Profit before tax18,01429,09043,01774,46451,36264,621
Tax7,5088,76610,27319,75914,06917,830
Net profit10,90716,24935,44049,22136,22641,424
EPS ₹8.6712.9228.1739.1328.8032.93
Operating cash flow——84,21199,26390,8681,12,719
Capex——36,79237,91641,03141,282
Dividend paid——17,60912,89516,98516,980
Total assets—5,43,2796,14,5297,10,1937,58,7237,91,905
Equity—2,20,9812,80,6473,37,0703,43,4403,71,768

Quarterly performance

last 29 quarters · ₹ crore
showing latest 8 of 29 periods
JUN '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue1,09,5151,01,5541,09,4431,04,48962,49683,6191,00,2891,14,1681,08,1361,22,0291,45,6861,82,8941,68,6561,69,2131,64,0671,63,8241,46,8741,65,5691,66,7711,66,5771,58,3291,66,0971,70,8121,63,1081,57,9111,67,4231,73,8052,04,9871,98,263
Operating profit16,88715,99915,6553,6398,83913,86911,27915,47816,28717,75521,42018,85513,80421,87120,99730,10728,25520,02423,22521,79420,50724,64322,08525,90726,52125,33525,35615,48537,130
Operating margin15.4%15.8%14.3%3.5%14.1%16.6%11.2%13.6%15.1%14.5%14.7%10.3%8.2%12.9%12.8%18.4%19.2%12.1%13.9%13.1%13.0%14.8%12.9%15.9%16.8%15.1%14.6%7.6%18.7%
Other income1,6021,6821,7443,5251,0791,9592,1284,0381,1661,4152,1291,2552,3281,8292,6622,5442,5154,0593,1052,9864,1632,4112,9772,5733,1083,3083,3682,7893,195
Interest1,5201,7521,5372,1911,4981,0471,0251,1161,4401,3771,3881,6401,9932,1882,0682,3642,6032,5442,6832,9383,7493,6703,5003,3413,4113,2073,0702,8543,411
Depreciation5,8486,7257,5146,7725,8485,6246,4957,5726,4236,2306,8506,6114,4436,7846,7197,0726,6987,0947,8638,0758,2099,4979,0439,3849,2739,3889,3459,47711,731
Profit before tax11,1219,2048,349-10,8282,5737,9195,88712,9859,59011,56315,31111,1869,68614,7197,42723,21421,56514,44614,05113,76612,71213,88712,36715,73616,94516,09315,8476,41525,064
Tax4,3493,7183,450-3,9529222,7692,3752,7183,348-6,6474,3743,6402,3944,0372026,3575,6343,7683,7023,7452,8223,7394,1503,9544,6704,2444,9624588,547
Net profit6,6945,2764,904-6,1891204,3352,6439,4045,98518,05510,93211,9378,29911,4893,71514,13413,73410,35610,1079,93610,2728,6227,3239,80410,78510,01610,82011,89916,744
EPS ₹5.324.193.90-4.920.103.452.107.484.7614.358.699.496.609.132.9511.2310.928.238.037.908.176.855.827.798.587.968.609.4613.31
Revenue YoY————-42.9%-17.7%-8.4%9.3%73.0%45.9%45.3%69.1%38.2%16.1%—-10.4%-12.9%-2.2%1.6%1.7%7.8%0.3%2.4%-2.1%-0.3%0.8%1.8%25.7%25.6%
Profit YoY————-98.2%-17.8%-46.1%—4898.0%316.5%313.6%99.4%-54.0%5.1%—18.4%65.5%-9.9%172.0%-29.7%-25.2%-16.8%-27.5%-1.3%5.0%16.2%47.8%21.4%55.3%

Earlier results (standalone, Sep '07 – Mar '19)

₹ crore · from BSE, before the NSE XBRL filings begin

Oil & Natural Gas Corporation Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†FY18†FY19†
Revenue63,92461,64569,16577,18482,98683,88982,87178,38877,90885,0041,09,655
Operating profit31,27437,15441,01943,00933,48636,64732,64231,89031,07937,22550,706
Operating margin48.9%60.3%59.3%55.7%40.4%43.7%39.4%40.7%39.9%43.8%46.2%
Other income4,8452,5572,5683,8115,4666,7135,3676,1977,5487,6467,519
Interest1196925353403111,2221,5082,492
Depreciation12,08514,65915,94313,2828,37410,92811,45111,54312,19014,47015,779
Profit before tax23,91524,98427,61936,64430,54432,43226,55523,39025,21628,89239,954
Tax7,7898,2168,69511,5219,61910,3378,8227,3877,3168,94713,238
Net profit16,12616,76818,92425,12320,92622,09517,73316,00417,90019,94526,716

Quarters

showing latest 8 of 47 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†SEP '18†DEC '18†MAR '19†
Revenue15,41415,12115,62620,05217,50012,53913,83414,94515,19215,50616,00213,82318,43020,80416,10816,40222,92518,51719,34020,17819,88521,09321,83019,30922,41520,85221,31321,85120,44818,92421,64722,82520,68018,49816,38517,78518,39520,01421,71419,07418,96522,99623,97027,21327,98927,69426,758
Operating profit8,4158,0325,77711,7558,5055,1035,9109,5678,8349,3359,4188,19311,32213,5327,9729,47014,46911,0518,0209,9308,2899,2725,9956,92010,03310,5089,1868,8649,0297,1307,61910,5838,7758,0434,4898,4309,1009,0064,5438,8239,13610,9198,34613,59314,47113,8968,746
Operating margin54.6%53.1%37.0%58.6%48.6%40.7%42.7%64.0%58.2%60.2%58.9%59.3%61.4%65.0%49.5%57.7%63.1%59.7%41.5%49.2%41.7%44.0%27.5%35.8%44.8%50.4%43.1%40.6%44.2%37.7%35.2%46.4%42.4%43.5%27.4%47.4%49.5%45.0%20.9%46.3%48.2%47.5%34.8%49.9%51.7%50.2%32.7%
Other income1,2108632,0341,0501,3971,1191,2809791,139-304694079066695867271,1339589931,0381,9011,2811,2451,1961,4832,6621,3728951,3611,3781,7348061,1388623,3929521,1848934,5208541,9311,1273,7346502,3942,2252,250
Interest30111249741464356315164722229310000000113017292303306320277327310594749629581534
Depreciation1,9872,2123,8442,7972,1832,8604,2443,1792,3564,6764,4483,1144,4003,6414,7884,1223,2784,5321,3491,9981,6482,3422,3872,3322,4262,5883,5802,5622,4543,3403,0963,0352,8743,2552,3792,7402,9063,3403,2053,4633,5064,2563,2453,8873,5313,4774,883
Profit before tax7,6086,6723,95410,0057,6223,3582,9317,3617,6144,6265,3835,4837,82710,5543,7546,07012,31710,6177,6408,9428,5398,2114,8535,7849,08910,5826,9777,1977,9365,1666,2568,3517,0381,6546,3476,3517,0756,2525,5375,9387,2347,4808,2409,60712,70512,0635,579
Tax2,5102,3051,3263,3682,8138837242,5132,5251,5721,6071,8222,4383,4719631,9763,6753,8761,9952,8642,6432,6481,4641,7683,0253,4562,0882,4152,4911,5952,3212,8912,1963691,9312,1192,1001,9001,1972,0532,1042,4652,3253,4634,4403,8001,535
Net profit5,0974,3672,6276,6364,8082,4752,2074,8485,0903,0543,7763,6615,3897,0832,7914,0958,6426,7415,6446,0785,8975,5633,3894,0166,0647,1264,8894,7825,4453,5713,9355,4604,8421,2864,4164,2334,9754,3524,3403,8855,1315,0155,9156,1448,2658,2634,045
EPS ₹23.8320.4212.2831.0322.4811.5710.3222.6723.8014.2817.6617.1225.1933.123.264.7910.107.886.607.106.896.503.964.697.098.335.715.596.364.174.606.385.661.505.164.955.813.393.383.034.003.914.614.796.446.443.18
Revenue YoY————13.5%-17.1%-11.5%-25.5%-13.2%23.7%15.7%-7.5%21.3%34.2%0.7%18.7%24.4%-11.0%20.1%23.0%-13.3%13.9%12.9%-4.3%12.7%-1.1%-2.4%13.2%-8.8%-9.2%1.6%4.5%1.1%-2.3%-24.3%-22.1%-11.0%8.2%32.5%7.2%3.1%14.9%10.4%42.7%47.6%20.4%11.6%
Profit YoY————-5.7%-43.3%-16.0%-26.9%5.8%23.4%71.1%-24.5%5.9%132.0%-26.1%11.8%60.4%-4.8%102.2%48.4%-31.8%-17.5%-40.0%-33.9%2.8%28.1%44.3%19.1%-10.2%-49.9%-19.5%14.2%-11.1%-64.0%12.2%-22.5%2.7%238.5%-1.7%-8.2%3.1%15.2%36.3%58.2%61.1%64.8%-31.6%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 23 periods
MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
ROE5.2%2.0%1.6%0.4%7.5%10.1%16.3%20.1%12.6%13.4%13.9%13.5%14.3%13.1%11.5%11.1%10.5%10.5%9.9%10.3%11.1%11.7%12.4%
ROCE8.1%5.3%4.7%3.7%10.0%12.1%13.2%16.1%12.4%15.5%17.9%17.9%18.3%16.3%13.1%13.2%13.4%13.9%14.2%14.6%15.1%13.2%13.7%
Net margin2.5%1.1%0.9%0.3%4.6%5.5%8.1%9.1%5.2%5.7%6.7%6.5%7.5%6.8%6.2%5.9%5.5%5.5%5.6%5.8%6.3%6.2%6.6%
EBITDA margin12.3%11.7%11.7%10.7%13.7%14.0%13.7%14.5%11.0%13.0%15.7%15.5%15.8%14.4%13.0%13.7%13.5%14.1%15.1%15.1%15.6%13.2%13.9%
Debt / equity0.500.500.500.500.540.540.540.540.460.460.370.370.360.360.450.450.450.450.390.390.380.380.38
Interest coverage3.552.332.281.967.278.869.0710.296.457.398.267.968.196.935.615.174.814.845.235.545.965.416.06
Asset turnover0.920.820.780.760.660.750.820.901.111.080.960.960.910.910.870.870.870.870.840.840.840.890.89

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 16 periods
MAR '14‡MAR '15‡MAR '16‡MAR '17‡MAR '18‡MAR '21‡MAR '22‡SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital4,2784,2784,2786,4176,4176,2906,2906,2906,2906,2906,2906,2906,2906,2906,2906,290
Other equity / reserves1,67,8741,76,1771,93,5361,87,9691,97,6022,14,6912,53,2132,72,6212,74,3573,03,3373,30,7803,45,9863,37,1503,61,4893,65,4783,94,283
Total equity1,72,1521,80,4541,97,8141,94,3852,04,0192,20,9812,59,5032,78,9112,80,6473,09,6273,37,0703,52,2763,43,4403,67,7793,71,7684,00,573
Borrowings45,58852,92044,54874,4001,01,2461,19,0611,07,7761,36,6701,29,1861,15,4541,19,7551,57,8981,53,5561,43,8021,42,0551,52,473
Current liabilities67,24254,97151,5621,24,0291,16,9671,23,2671,27,4241,41,4201,32,2701,45,4161,51,1861,59,0751,66,8421,65,8801,68,7951,85,584
Non-current liabilities81,9331,00,39490,5581,13,6911,23,6431,77,4151,74,6971,89,9231,81,0041,87,2651,93,8252,19,0642,17,6462,13,7182,13,3232,14,451
Total assets3,24,2383,38,2923,42,5864,45,3974,60,2355,43,2795,85,4496,28,5576,14,5296,69,0827,10,1937,57,6147,58,7237,81,4187,91,9058,33,615
Property, plant & equipment46,22591,0051,19,8911,29,6151,43,0881,39,2811,43,3522,44,3922,37,8052,53,0782,84,9553,09,9643,25,9843,21,9493,30,7053,28,848
Capital work-in-progress53,827——————75,89373,97578,46492,02991,49787,03794,64391,47879,127
Investments4,7464,74933,38739,16337,26841,26242,28771,04478,87381,4701,02,2071,06,07795,6171,00,8671,01,0841,30,607
Inventories14,80110,6209,91829,88230,56344,57354,16349,39344,23854,30152,25153,22658,95655,46164,91870,534
Receivables16,02918,8169,50113,91015,55618,57921,66419,62321,37422,91422,29821,71523,60723,48524,55927,652
Cash & equivalents24,48016,0971,8321,8152,5124,0195,45013,0572,6405,7014,13313,4824,5546,4761,5541,899

Cash flow

annual · ₹ crore · line = free cash flow
showing latest 5 of 10 periods
FY14‡FY15‡FY17‡FY18‡FY21‡FY22‡FY23FY24FY25FY26
Cash from operations53,27034,00945,78058,29347,18578,00084,21199,26390,8681,12,719
Cash from investing-63,633-35,096-45,056-66,521-39,092-40,477-73,209-57,267-43,022-57,676
Cash from financing15,225-10,641-1,8678,168-8,239-35,979-12,916-45,650-47,908-56,331
Capex14,93816,90620,52429,24932,31933,45736,79237,91641,03141,282
Free cash flow38,33217,10325,25629,04314,86644,54347,41961,34749,83771,438
Dividends paid8,3457,92015,3509,0783,09612,92417,60912,89516,98516,980

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹3,28,848 cr39%
CWIP
₹79,127 cr9%
Investments
₹1,30,607 cr16%
Inventories
₹70,534 cr8%
Receivables
₹27,652 cr3%
Cash & equivalents
₹1,899 cr0%
Other assets
₹1,94,947 cr23%

Peer comparison

largest in Oil Gas & Consumable Fuels · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Reliance Industries Ltd.17,86,3561,320.0021.81.898.7%
Oil & Natural Gas Corporation Ltd.2,91,561231.765.90.7312.4%
Coal India Ltd.2,46,509400.007.41.9326.2%
Indian Oil Corporation Ltd.2,06,523146.254.40.8920.3%
Bharat Petroleum Corporation Ltd.1,36,680319.908.61.3515.6%
GAIL (India) Ltd.1,22,159185.799.71.2613.1%
Hindustan Petroleum Corporation Ltd.82,379387.15—1.56-4.9%
Oil India Ltd.72,205443.908.61.2414.4%
Adani Total Gas Ltd.63,282575.4098.612.2212.4%
Petronet LNG Ltd.47,550317.0019.91.969.9%

StoxGud checklist: Neutral setup · 5/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+4.5%
6 months-18.4%
1 year-9.3%
3Y CAGR+6.2%
5Y CAGR+8.4%
10Y CAGR+2.7%
50-day avg₹230.08
200-day avg₹255.22
RSI (14)63

Long-term financials (FY12–FY16)

from published annual reports
YearRevenueProfit before taxNet profit
FY16₹1,31,498 Cr₹22,718 Cr₹14,314 Cr
FY15₹1,60,890 Cr₹27,370 Cr₹17,703 Cr
FY14₹1,74,477 Cr₹39,413 Cr₹26,507 Cr
FY13₹1,62,403 Cr₹36,742 Cr₹24,220 Cr
FY12₹1,47,285 Cr₹42,804 Cr₹28,144 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

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FAQs

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

Oil & Natural Gas Corporation Ltd. (ONGC) closed at ₹231.76 on NSE on 06 Nov 2026.

What is the market cap of Oil & Natural Gas Corporation Ltd.?

₹2,91,561 crore at the latest close.

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

5.9, on trailing-twelve-month earnings from its filings.

How fast is Oil & Natural Gas Corporation Ltd. growing?

Oil & Natural Gas Corporation Ltd.: revenue has compounded at -1.1% a year over three years; net profit at 5.3% a year. Latest-quarter revenue is up 25.6% year on year, profit up 55.3%.

How profitable is Oil & Natural Gas Corporation Ltd.?

On a trailing-twelve-month basis return on equity is 12.4%, return on capital employed 13.7%, operating margin 13.9%, net margin 6.6%.

How much debt does Oil & Natural Gas Corporation Ltd. have?

Oil & Natural Gas Corporation Ltd. is lightly geared: debt to equity is 0.38 with borrowings of ₹1,52,473 cr against cash of ₹1,899 cr (balance sheet of 2026-09-30). Operating profit covers interest 6.1 times.

Financials parsed from Oil & Natural Gas Corporation Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from JUN '19, annual from FY20, balance sheet from Mar '14. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.