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Oil & Natural Gas Corporation (ONGC) had a P/E of 5.9× on 6 Nov 2026, below the industry P/E of 18.7×, and the shares are 25% below their 52-week high. Sales fell 1.3% a year over 3 years while net profit grew 4.1%, with ROCE of 13% and ROE of 12%. Debt is 0.42× equity, and its dividend yield is 5.7%. It is a large-cap company with a market cap of ₹2.9 lakh crore, ranked 2nd of 57 Oil & Gas Integrated companies by market cap; the shares fell 8.9% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹232.00
Day high
₹232.11
Day low
₹225.30
Prev. close
₹230.00
Volume
2.7 Cr

Health check

3 good · 1 fair · 2 to check
  • ReturnsIn line

    −8.9% over a year, better than 4 of 7 peers.

  • Price tagCheaper

    P/E 5.9 vs industry 18.7.

  • GrowthSlow

    Sales −1.3%, profit +4.1% a year over 3 years.

  • ProfitabilityWeak

    ROCE 12.6% vs peer median 19.6%.

  • Balance sheetSolid

    Debt 0.42× equity, interest covered 7.3×, Piotroski 8 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Oil & Gas Integrated

56 listed peers. Screen the industry

Large cap

₹2.9L Cr, #2 of 57 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹6,90,894 Cr · profit ₹49,478 Cr
Market cap
₹2.9L Cr
Large cap
P/E
5.9
Industry 18.7
Price to book
0.73
Peers 1.35
Dividend yield
5.72%
ROE
12.1%
Peers 13.6%
ROCE
12.6%
Peers 19.6%
Debt to equity
0.42
Debt ₹1.8L Cr
EPS (TTM)
₹39.33
Face value ₹5
OPM (TTM)
10.9%
Net margin 7.2%
Sales growth
+25.6%
Latest quarter vs a year ago
Profit growth
+55.3%
Latest quarter vs a year ago
Price to sales
0.42
EV/EBITDA 4.4

Strengths and risks

Strengths

  • Dividend yield of 5.72%.
  • Quarterly profit up 55.3% on a year ago.
  • Quarterly sales up 25.6% on a year ago.
  • P/E of 5.9 against an industry P/E of 18.7.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Oil & Natural Gas Corporation

Oil and Natural Gas Corporation Limited, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas, and value-added products in India and internationally. It operates through Exploration and Production, Refining & Marketing, and Petrochemicals segments. The company offers LPG, naptha, ethane, propane and butane, superior kerosene oil, LSHS, high-speed diesel, aviation turbine fuel, liquefied…

Headquarters
New Delhi
Employees
23,117
Sector
Energy
ISIN
INE213A01029
Website
ongcindia.com

Price range

52 weeks

₹218.53₹307.50

Today

₹225.30₹232.11
Avg volume (3M)
1.1 Cr
1-year return
minus 8.9%
From 52-week high
minus 24.6%

Analyst consensus

29 analysts
BuyMean target ₹290.21 plus 25.2%

Target range, with today’s price

Low ₹210.00High ₹405.00

Consensus from Yahoo Finance. Not a recommendation.

Peers · Oil & Gas Integrated

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
RELIANCEReliance Industries1,320.00plus 0.50%17,86,28621.810.79.0%11.2%0.446.4%minus 10.8%
ONGCOil & Natural Gas Corporation231.76plus 0.77%2,91,5615.93.612.6%17.7%0.43−1.3%minus 8.9%
COALINDIACoal India400.00plus 1.45%2,46,5097.44.819.6%19.5%0.129.3%plus 4.4%
IOCIndian Oil Corporation146.25plus 1.21%2,06,5234.33.820.5%7.3%0.58−2.2%minus 14.6%
BPCLBharat Petroleum Corporation319.90plus 0.88%1,38,7898.73.826.4%3.4%0.62−1.2%minus 15.0%
GAILGAIL (India)185.79minus 0.11%1,22,1589.712.89.1%11.6%0.25−0.9%plus 2.4%
HINDPETROHindustan Petroleum Corporation387.15plus 1.87%82,37957.44.223.3%1.2%1.400.2%minus 21.6%
OILOil India443.90plus 0.94%72,2058.67.110.0%28.8%0.59−2.0%plus 1.9%
Median of 7 peers–0.94%1,38,7898.74.819.6%11.2%0.58−0.9%−10.8%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
1,57,9141,67,4231,73,8052,04,9871,98,263
1,37,2181,48,0261,52,0961,95,1211,67,770
20,69519,39721,7109,86630,493
13.1%11.6%12.5%4.8%15.4%
1,1032,0125,6986361,583
3,4113,2073,0702,8543,411
−1,103−2,012−5,698−636−1,583
17,28416,19018,6407,01227,082
27.0%26.2%26.6%6.5%31.6%
10,78510,01610,82011,89916,744
8.587.968.609.4613.31

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
−1.3%
Profit CAGR 3Y
+4.1%
EPS CAGR 3Y
+4.1%
ROE
12.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,29,5105,98,6446,08,9536,05,276
–minus 4.9%+1.7%minus 0.6%
5,36,3094,90,0845,10,6424,86,186
93,2021,08,56098,3111,19,090
14.8%18.1%16.1%19.7%
3,92015,81712,3169,757
7,03511,74212,29110,723
25,88831,51534,69337,263
−19,453−7,490−11,245−13,239
44,74673,62952,39867,623
23.9%24.9%26.9%26.4%
36,70949,14436,22641,424
–+33.9%minus 26.3%+14.4%
29.1839.0628.8032.93

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6,2906,2906,2906,290
2,78,2553,32,7793,37,1503,65,478
1,76,7441,91,1952,18,8811,74,299
1,81,4842,11,7341,96,4082,45,838
6,42,7747,41,9987,58,7297,91,905
3,75,9044,22,6424,56,8814,48,501
29,33725,80323,76613,927
8,80050,28543,52346,173
43,55745,70530,34536,392
1,85,1761,97,5632,04,2142,46,912
6,42,7747,41,9987,58,7297,91,905

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
86,06298,84790,8561,12,719
−75,095−57,485−42,999−57,676
−12,876−45,009−47,908−56,331
−1,909−3,648−51.9−1,287
−50,930−52,119−55,674−53,990
35,13246,72835,18158,729
−17,609−12,895−16,985−16,980

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 22.4% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you