Oil and Natural Gas Corp.
NSE: ONGC · Oil Exploration & Production · sector
₹228.44NSE close 2026-10-26
Key numbers
Market cap₹2,87,384 cr
Price₹228.44
52w high / low₹308 / ₹219
P/E6.6xSector median 48.2x
P/B0.8xSector median 3.8x
Book value₹295.5
Dividend yield5.91%Sector median 4.48%
ROE12.2%Sector median 11.4%
ROCE13.2%Sector median 10.4%
OPM13.2%Sector median 23.8%
Debt / equity0.38xSector median 0.22x
EV/EBITDA4.2xSector median 19.2x
Interest cover5.4x
Current ratio0.84x
Sales growth 3y-1.1%Sector median -1.1%
Profit growth 3y+5.3%Sector median -1.7%
PEG1.24x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 7 companies in Oil Exploration & Production (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹35,286 cr vs borrowings ₹1,42,055 cr (FY26): borrowings are higher by ₹1,06,769 cr.
- Operating profit covered interest 5.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 4 years.
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 29% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹228.44 on 2026-10-26: -25.7% from the 52-week high, +4.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹297.60 · low ₹221.27
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,58,329 | 1,66,097 | 1,70,812 | 1,63,108 | 1,57,911 | 1,67,423 | 1,73,805 | 2,04,987 |
| EBITDA | 20,507 | 24,643 | 21,933 | 25,889 | 26,521 | 25,380 | 24,894 | 15,957 |
| OPM % | 13.0% | 14.8% | 12.8% | 15.9% | 16.8% | 15.2% | 14.3% | 7.8% |
| Other income | 4,163 | 2,411 | 2,977 | 2,573 | 3,108 | 3,308 | 3,368 | 2,789 |
| Net profit | 10,272 | 8,622 | 7,323 | 9,804 | 10,785 | 10,016 | 10,820 | 11,899 |
| EPS (₹) | 8.17 | 6.85 | 5.82 | 7.79 | 8.58 | 7.96 | 8.60 | 9.46 |
| Revenue YoY | -0.3% | +0.8% | +1.8% | +25.7% | ||||
| Profit YoY | +5.0% | +16.2% | +47.8% | +21.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY21 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,60,572 | 6,84,829 | 6,43,037 | 6,63,262 | 6,62,247 | 7,04,127 |
| EBITDA | 50,385 | 67,389 | 1,01,199 | 88,710 | 1,02,684 | 92,753 |
| Net profit | 16,249 | 35,440 | 49,221 | 36,226 | 41,424 | 43,519 |
| EPS (₹) | 12.92 | 28.17 | 39.13 | 28.80 | 32.93 | 34.60 |
| Revenue growth | +89.9% | -6.1% | +3.1% | -0.2% | +7.0% | |
| Profit growth | +118.1% | +38.9% | -26.4% | +14.4% | +20.8% | |
| Dividend / share (₹) | 1.75 | 14.00 | 10.25 | 13.50 | 13.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -1.1% | – | +7.0% |
| Net profit | +5.3% | – | +20.8% |
| EPS | +5.3% | – | – |
| Share price | – | -9.7% (2y) | -9.1% |
Balance sheet
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Shareholders' equity | 2,80,647 | 3,37,070 | 3,43,440 | 3,71,768 |
| Borrowings | 1,29,186 | 1,19,755 | 1,53,556 | 1,42,055 |
| Cash & equivalents | 34,309 | 42,070 | 30,430 | 35,286 |
| Total assets | 6,14,529 | 7,10,193 | 7,58,723 | 7,91,905 |
| Fixed assets | 2,37,805 | 2,84,955 | 3,25,984 | 3,30,705 |
| Capital work in progress | 73,975 | 92,029 | 87,037 | 91,478 |
| Investments | 20,033 | 41,445 | 33,717 | 34,224 |
| Receivables | 18,752 | 19,763 | 21,228 | 22,014 |
| Inventory | 44,238 | 52,251 | 58,956 | 64,918 |
| Payables | 33,643 | 37,490 | 38,976 | 46,933 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Cash from operations | 84,211 | 99,263 | 90,868 | 1,12,719 |
| Cash from investing | -73,209 | -57,267 | -43,022 | -57,676 |
| Cash from financing | -12,916 | -45,650 | -47,908 | -56,331 |
| Capex | 49,004 | 51,902 | 55,676 | 53,990 |
| Free cash flow | 35,207 | 47,361 | 35,192 | 58,729 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| ROE % | 12.6% | 14.6% | 10.5% | 11.1% |
| ROCE % | 12.4% | 18.5% | 13.3% | 15.1% |
| Debtor days | 10 | 11 | 12 | 12 |
| Inventory days | 35 | 48 | 50 | 59 |
| Payable days | 27 | 34 | 33 | 43 |
| Cash conversion cycle (days) | 18 | 25 | 29 | 28 |
| Working capital days | -10 | -10 | -18 | -15 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 58.89% |
| FIIs | 8.56% |
| DIIs | 18.66% |
| of which Mutual funds | 7.11% |
| of which Insurance | 11.09% |
| Government | 10.30% |
| Public (non-institutions) | 3.60% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 58.89% | 58.89% | 58.89% | 58.89% | 58.89% | 58.89% | 58.89% | 58.89% |
| Promoter group | % |
|---|---|
| President of India | 58.89% |
| Indian Oil Corporation Limited | 7.84% |
| Gail (India) Limited | 2.45% |
| Public holders above 1% | % |
|---|---|
| Life Insurance Corporation of India | 10.33% |
| ICICI Prudential Value Fund | 1.72% |
| SBI Nifty 50 ETF | 1.58% |
| Cpse Exchange Traded Scheme (Cpse ETF) | 1.27% |
27,41,920 shareholders. Pledged: 0.00% of promoter shares.
Peers in Oil Exploration & Production
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ONGC | ₹2,87,384 cr | 6.6x | 0.8x | 12.2% | 13.2% | 13.2% | -1.1% | 5.91% |
| OIL | ₹73,994 cr | 8.9x | 1.3x | 15.5% | 14.0% | 33.7% | -3.4% | 3.05% |
| VOGL | ₹5,453 cr | – | – | – | -64.3% | -27.9% | – | – |
| ANTELOPUS | ₹4,180 cr | 31.5x | 6.4x | 23.6% | 27.1% | 59.5% | +33.2% | – |
| PRABHA | ₹2,620 cr | 2,034.1x | 6.0x | 0.2% | 0.2% | -1.1% | – | – |
| HINDOILEXP | ₹2,133 cr | 84.9x | 1.5x | 1.9% | 2.2% | 23.8% | -22.2% | – |
| GNRL | ₹1,344 cr | 64.9x | 6.5x | 10.7% | 10.4% | 67.5% | +352.3% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| A. (ii) In India - Refining & Marketing | ₹5,84,346 cr | 79.0% | ₹28,664 cr | 4.9% |
| A. (i) (a) In India - E&P - Offshore | ₹92,406 cr | 12.5% | ₹34,008 cr | 36.8% |
| A. (i) (b) In India - E&P - Onshore | ₹39,778 cr | 5.4% | ₹5,955 cr | 15.0% |
| A. (iii) In India - Petrochemicals | ₹14,214 cr | 1.9% | ₹-382 cr | -2.7% |
| B. Outside India | ₹8,443 cr | 1.1% | ₹2,236 cr | 26.5% |
| C. Others Unallocated | ₹497 cr | 0.1% | ₹3,002 cr | 604.0% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-04 | Dividend | Dividend - Re 1 Per Share |
| 2026-02-18 | Dividend | Interim Dividend - Rs 6.25 Per Share |
| 2025-11-14 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2025-09-04 | Dividend | Dividend - Rs 1.25 Per Share |
| 2025-02-07 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2024-11-19 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2024-08-23 | Dividend | Dividend - Rs 2.50 Per Share |
| 2024-02-16 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2023-11-21 | Dividend | Interim Dividend - Rs 5.75 Per Share |
| 2023-08-18 | Dividend | Dividend - Re 0.50 Per Share |
| 2023-02-24 | Dividend | Interim Dividend - Rs 4 Per Share |
| 2022-11-21 | Dividend | Interim Dividend - Rs 6.75 Per Share |
| 2022-08-18 | Dividend | Dividend - Rs 3.25 Per Share |
| 2022-02-21 | Dividend | Interim Dividend - Rs 1.75 Per Share |
| 2021-11-22 | Dividend | Interim Dividend - Rs 5.50 Per Share |
| 2021-09-08 | Dividend | Dividend - Rs 1.85 Per Share |
| 2021-02-17 | Dividend | Interim Dividend - Rs 1.75 Per Share |
| 2020-03-23 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2019-08-22 | Dividend | Annual General Meeting/Dividend - Rs 0.75 Per Share |
| 2019-03-26 | Dividend | Interim Dividend - Re 1 Per Sh |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Mining & Quarrying: Extraction of Crude Petroleum & Natural Gas
| Sector | Energy |
| Industry | Oil Exploration & Production |
| Sub-industry | Oil Exploration & Production |
| Symbol | ONGC |
| BSE code | 500312 |
| ISIN | INE213A01029 |
| Face value | ₹5.0 |
| Incorporated | 1993-06-23 |
| Website | www.ongcindia.com |
| Plants (India / abroad) | 17 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.