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Oil & Natural Gas vs Oil India: share price, P/E, ROE and financials compared

Prices as of 6 Nov 2026. Figures are from company filings and exchange data. This is an educational comparison, not investment advice.

Oil & Natural Gas Corporation

NSE: ONGC · Oil Gas & Consumable Fuels

₹231.76plus 0.77%

Oil India

NSE: OIL · Oil Gas & Consumable Fuels

₹443.90plus 0.94%

Oil & Natural Gas and Oil India at a glance

Oil & Natural Gas and Oil India are both listed in Oil Gas & Consumable Fuels. Oil & Natural Gas is the larger by market cap, at ₹2.9L Cr against ₹72,205 Cr for Oil India (4.0 times as large). On valuation, Oil & Natural Gas has the lower P/E (5.9× against 8.6×) and the lower price-to-book (0.78× against 1.24×). On returns and margins, Oil & Natural Gas has the higher ROCE (12.6% against 10.0%), while Oil India has the higher ROE (12.3% against 11.6%) and the higher operating margin (28.8% against 17.7%). Over three years, Oil & Natural Gas has faster 3-year sales growth (−1.3% against −2.0% a year) and faster 3-year profit growth (+4.1% against −8.8% a year). Oil & Natural Gas carries less debt for its equity, with a debt-to-equity of 0.43× against 0.59×.

See the full interactive comparison

Key metrics, side by side

Key metrics of Oil & Natural Gas and Oil India
MetricOil & Natural GasONGCOil IndiaOIL
Price (₹)231.76443.90
Market cap (₹ Cr)2,91,56172,205
P/E5.9× (the lower figure, shaded)8.6×
P/B0.78× (the lower figure, shaded)1.24×
Dividend yield, trailing5.72% (the higher figure, shaded)2.59%
ROE11.6%12.3% (the higher figure, shaded)
ROCE12.6% (the higher figure, shaded)10.0%
Operating margin (OPM)17.7%28.8% (the higher figure, shaded)
Net margin (NPM)6.2%21.7% (the higher figure, shaded)
Sales CAGR 3Y−1.3% (the higher figure, shaded)−2.0%
Profit CAGR 3Y+4.1% (the higher figure, shaded)−8.8%
Debt to equity0.43× (the lower figure, shaded)0.59×
Interest cover7.3×10.3× (the higher figure, shaded)
Net profit TTM (₹ Cr)43,5198,353
1Y return−8.9%+1.9% (the higher figure, shaded)
Promoter holding58.89%56.66%

Shaded: the company with the more favourable reading (lower P/E, debt or P/B; higher ROE, ROCE, margins, growth or yield) when the gap is meaningful. n/m means not meaningful, for example ROCE for a bank. Loss-making companies’ multiples are shown but not ranked.

Oil & Natural Gas vs Oil India: common questions

Which is bigger, Oil & Natural Gas or Oil India?

By market cap, Oil & Natural Gas is bigger at ₹2.9L Cr, against ₹72,205 Cr for Oil India (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹43,519 Cr for Oil & Natural Gas and ₹8,353 Cr for Oil India.

Which has a lower P/E ratio, Oil & Natural Gas or Oil India?

Oil & Natural Gas trades at a P/E of 5.9× and Oil India at 8.6×. Oil & Natural Gas has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.

Which has a higher ROE, Oil & Natural Gas or Oil India?

Oil & Natural Gas reports a return on equity of 11.6% and Oil India 12.3%. Oil India has the higher ROE. ROE is net profit as a share of shareholders’ equity.

Which is growing faster, Oil & Natural Gas or Oil India?

Over the last three years: Sales grew −1.3% a year at Oil & Natural Gas and −2.0% at Oil India, so Oil & Natural Gas grew sales faster; profit grew +4.1% a year at Oil & Natural Gas and −8.8% at Oil India, so Oil & Natural Gas grew profit faster. Past growth doesn’t predict future growth.

Go to the stock pages for Oil & Natural Gas and Oil India, or add up to four more companies in the interactive comparison.