The recent update on the ONGC share price
- ONGC is identified as a promising investment opportunity in the PSU sector, with a strategic investment horizon of 1 to 2 years.
- ONGC’s prominence as the largest company in the country concerning oil and gas production, responsible for 70% of the domestic oil and gas output, presents a potential earnings opportunity.
- Recently, FII’s also increased its holding in the ONGC.
- ONGC’s dividend yield of 5% and its current price-to-earnings (PE) ratio of 6 make it a cheap investment.
- ONGC shares surged by over 5% in intraday trading, reaching 52-week highs and positioning among the top gainers in the Nifty-50 stocks.
- Investor sentiment is boosted by the upward trajectory of crude oil prices, with Brent crude climbing to around $82 a barrel.
- Recent attacks on oil tankers in the Red Sea by the Houthis contributed to a nearly 9% rise in Brent prices.
- Analysts anticipate crude prices to remain in the $80-85 a barrel range in 2024.
- ONGC’s net realizations are expected to remain around $70-75 a barrel due to the government’s regular adjustment of the windfall tax on crude oil every fortnight.
- Despite the fall in crude prices, the production of oil and gas is expected to increase, boosting ONGC’s earnings outlook.
- Analysts are giving recommendations and find the stock attractive at current valuations.
About ONGC
- ONGC, founded by Pandit Jawahar Lal Nehru, is a public sector company in India.
- ONGC was established in 1956, expanded into the Oil and Natural Gas Commission, and later became a corporation in 1994.
- The company operates under the Government of India, earning prestigious status as a Navratna in 1997 and achieving Maharatna status in 2010.
- The company’s key milestones include the first oil discovery in 1958, significant offshore discovery in 1974, the formation of GAIL in 1984, and limited company status in 1994.
- ONGC has discovered eight out of the nine producing basins in India over the past 60 years.
- The company’s diversified operations include coal bed methane production, refining, and petrochemicals.
- The company was also recognized as the top energy company in India in 2014, ranking 5th in Asia and 21st globally by Platts.
- The company made significant investments in 25 projects in 2019, contributing to over 180 million metric tons of oil and gas production.
Management of ONGC
Name | Designation |
Arun Kumar Singh | Chairman & CEO |
Pankaj Kumar | Director |
V Ajit Kumar Raju | Independent Director |
Reena Jaitly | Independent Director |
Madhav Singh | Independent Director |
Sushma Rawat | Director |
Praveen Mal Khanooja | Government Nominee Director |
Om Prakash Singh | Director |
Syamchand Ghosh | Independent Director |
Manish Pareek | Independent Director |
Prabhaskar Rai | Independent Director |
Pomila Jaspal | Director – Finance |
Manish Patil | Director – Human Resources |
Registered Address
Plot No. 5A- 5B,
Nelson Mandela Road,,Deendayal Urja Bhawan,
New Delhi
Delhi
110070
Tel:Â 011-26754073 011-26754085
Fax:Â 011-26129081
Email:Â secretariat@ongc.co.in
Website:Â https://ongcindia.com
Industry Type
Sector:Â Oil, Gas & Consumable Fuels
Sub Sector: Oil Exploration & Production
Classification: Largecap
Industry Name: Oil Drilling / Allied Services
BSE Scrip Code: 500312
NSE Scrip code: ONGC
ISIN: INE213A01020
Pros & Cons of ONGC
Historical Performance
Years | Low | High |
1 Year | 140.10 | 254.95 |
3 Years | 87.75 | 254.95 |
5 Years | 50.00 | 254.95 |
Investment Returns
Period | Returns |
1 year | 74.26% |
2 Years | 46.29% |
3 Years | 185.96% |
4 Years | 114.62% |
5 Years | 79.01% |
Dividend History of  ONGC
Announcement Date | Ex-Date | Dividend Type | Dividend (%) | Dividend (Rs) |
---|---|---|---|---|
10-11-2023 | 21-11-2023 | Interim | 115 | 5.75 |
26-05-2023 | 18-08-2023 | Final | 10 | 0.50 |
09-02-2023 | 24-02-2023 | Interim | 80 | 4.00 |
09-11-2022 | 21-11-2022 | Interim | 135 | 6.75 |
30-05-2022 | 18-08-2022 | Final | 65 | 3.25 |
08-02-2022 | 21-02-2022 | Interim | 35 | 1.75 |
08-11-2021 | 22-11-2021 | Interim | 110 | 5.50 |
25-06-2021 | 08-09-2021 | Final | 37 | 1.85 |
15-02-2021 | 17-02-2021 | Interim | 35 | 1.75 |
28-02-2020 | 23-03-2020 | Interim | 100 | 5.00 |
30-05-2019 | 22-08-2019 | Final | 15 | 0.75 |
19-03-2019 | 26-03-2019 | Interim | 20 | 1.00 |
04-02-2019 | 28-02-2019 | Interim | 105 | 5.25 |
30-05-2018 | 19-09-2018 | Final | 27 | 1.35 |
19-02-2018 | 13-03-2018 | Interim | 45 | 2.25 |
18-10-2017 | 03-11-2017 | Interim | 60 | 3.00 |
01-06-2017 | 21-09-2017 | Final | 16 | 0.80 |
18-01-2017 | 07-02-2017 | Interim | 45 | 2.25 |
19-10-2016 | 03-11-2016 | Interim | 90 | 4.50 |
26-05-2016 | 31-08-2016 | Final | 65 | 3.25 |
03-03-2016 | 16-03-2016 | Interim | 15 | 0.75 |
28-10-2015 | 10-11-2015 | Interim | 90 | 4.50 |
28-05-2015 | 07-09-2015 | Final | 10 | 0.50 |
24-02-2015 | 24-03-2015 | Interim | 80 | 4.00 |
28-11-2014 | 16-12-2014 | Interim | 100 | 5.00 |
29-05-2014 | 11-09-2014 | Final | 5 | 0.25 |
04-03-2014 | 27-03-2014 | Interim | 85 | 4.25 |
14-11-2013 | 10-12-2013 | Interim | 100 | 5.00 |
29-05-2013 | 17-09-2013 | Final | 10 | 0.50 |
29-01-2013 | 22-03-2013 | Interim | 80 | 4.00 |
04-12-2012 | 24-12-2012 | Interim | 100 | 5.00 |
29-05-2012 | 14-09-2012 | Final | 40 | 2.00 |
15-02-2012 | 19-03-2012 | Interim | 30 | 1.50 |
02-12-2011 | 06-01-2012 | Interim | 125 | 6.25 |
31-05-2011 | 18-08-2011 | Final | 15 | 0.75 |
01-12-2010 | 20-12-2010 | Interim | 320 | 32.00 |
Chart
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Fundamental Analysis of ONGC
Financial Metric | Value |
Market Cap | ₹ 3,17,720 Cr. |
Current Price | ₹ 252 |
High / Low | ₹ 255 / 140 |
Stock P/E | 6.76 |
Book Value | ₹ 246 |
Dividend Yield | 4.46% |
ROCE | 13.9% |
ROE | 14.1% |
Face Value | ₹ 5.00 |
Pledged Percentage | 0.00% |
EVEBITDA | 3.73 |
Change in Prom Hold | 0.00% |
Debt to Equity | 0.46 |
Return on Equity | 14.1% |
EPS | ₹ 34.2 |
Price to Book Value | 1.03 |
Dividend Yield | 4.46% |
Debt | ₹ 1,43,496 Cr. |
Peer Comparison
Shareholding of ONGC
Last 5 Years’ Sales (In Cr.)
March 2019 | March 2020 | March 2021 | March 2022 | March 2023 |
421,624 | 396,728 | 303,849 | 491,246 | 632,291 |
Last 5 Years’ Net Profit (In Cr.)
March 2019 | March 2020 | March 2021 | March 2022 | March 2023 |
33,938 | 11,456 | 21,360 | 49,294 | 32,778 |
Balance Sheet of ONGC
Compounded Sales Growth
10 Years: | 15% |
5 Years: | 14% |
3 Years: | 17% |
TTM: | -1% |
Compounded Profit Growth
10 Years: | 5% |
5 Years: | 12% |
3 Years: | 37% |
TTM: | 22% |
CAGR
10 Years: | 3% |
5 Years: | 13% |
3 Years: | 42% |
1 Year: | 71% |
Return on Equity
10 Years: | 12% |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 14% |
Cash Flow (In Cr.)
Particulars | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
Operating Activities | 61,458 | 70,593 | 47,185 | 78,248 | 84,211 |
Investing Activities | -37,132 | -53,159 | -39,141 | -41,197 | -72,799 |
Financing Activities | -23,324 | -16,726 | -8,239 | -35,790 | -12,916 |
Net Cash Flow | 1,001 | 708 | -195 | 1,261 | -1,504 |
Revenue and Profit Trend
Financial Year | Revenue Growth | Profit Growth |
FY 2022-23 | 31.0% | -3.66% |
FY 2021-22 | 62.03% | 258.39% |
FY 2020-21 | -29.2% | -16.47% |
FY 2019-20 | -12.28% | -49.7% |
FY 2018-19 | 29.03% | 34.195 |
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Conclusion
This is a comprehensive guide to ONGC share price. The above-mentioned information and data are as of January 29, 2024. These figures and projections are based on our research, analysis, company fundamentals and history, experiences, and numerous technical analyses. In addition, we have discussed in depth the share’s prospects and growth potential. Hopefully, these details will be useful in your future investments. If you’re new to our website and want to stay up-to-date on the newest stock market news, join our Telegram group. If you have any further questions, please leave them in the comments section below. We will gladly address all of your inquiries. If you enjoyed this information, please share it with as many people as possible.
Disclaimer: Dear Readers, we are not authorized by SEBI (Securities and Exchange Board of India). The information provided above is for educational purposes and should not be considered financial advice or stock recommendations. Share price predictions are for reference purposes and are based on positive market indicators. The analysis does not account for uncertainties about future or current market conditions. The author, brokerage firm, or Finreturns.com are not liable for losses resulting from decisions. Finreturns.com advises consulting with certified experts before investment decisions.
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