ONGC

Oil & Natural Gas Corporation Limited

India's largest crude oil and gas explorer, the state-owned flagship of domestic upstream

Energy›Oil, Gas & Consumable Fuels›Oil›Oil Exploration & Production

ongc.co.in(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹222.00
Market cap
2,79,235 Cr
Stock P/E
6.4
P/B
0.75
Dividend yield
6.1%
ROE (FY26)
10.1%
ROCE (FY26)
14.6%
Operating margin (FY26)
9.9%
Debt / equity (FY26)
0.38
OCF / EBITDA (FY26)
109.3%
OCF / EBITDA (3Y)
102.7%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

ONGC (Oil and Natural Gas Corporation) finds and produces crude oil and natural gas from offshore and onshore fields in India; its group also owns refining and petrochemical businesses.

Company snapshot

1stBy market cap

Ranked among 5 companies in Oil Exploration & Production.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 70.2% of revenue

SegmentRevenue shareRevenuePBTAssets
a) Offshore
70.2%
23,653 Cr9,607 Cr1,96,355 Cr
b) Onshore
29.8%
10,064 Cr1,654 Cr81,162 Cr

What we see

Positives
  • ✓103% of operating profit came in as cash over the last three years — profits are backed by real cash.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,46,874 Cr1,65,569 Cr1,66,771 Cr1,66,577 Cr1,58,329 Cr1,66,097 Cr1,70,812 Cr1,63,108 Cr1,57,911 Cr1,67,423 Cr1,73,805 Cr2,04,987 Cr
Operating expenses (approx.)1,18,618 Cr1,45,545 Cr1,43,545 Cr1,44,782 Cr1,37,822 Cr1,41,454 Cr1,48,727 Cr1,37,201 Cr1,31,390 Cr1,42,088 Cr1,48,449 Cr1,89,502 Cr
EBITDA28,255 Cr20,024 Cr23,225 Cr21,794 Cr20,507 Cr24,643 Cr22,085 Cr25,907 Cr26,521 Cr25,335 Cr25,356 Cr15,485 Cr
OPM %19.2%12.1%13.9%13.1%13.0%14.8%12.9%15.9%16.8%15.1%14.6%7.6%
Other income2,515 Cr4,059 Cr3,105 Cr2,986 Cr4,163 Cr2,411 Cr2,977 Cr2,573 Cr3,108 Cr3,308 Cr3,368 Cr2,789 Cr
Interest2,603 Cr2,544 Cr2,683 Cr2,938 Cr3,749 Cr3,670 Cr3,500 Cr3,341 Cr3,411 Cr3,207 Cr3,070 Cr2,854 Cr
Depreciation6,698 Cr7,094 Cr7,863 Cr8,075 Cr8,209 Cr9,497 Cr9,043 Cr9,384 Cr9,273 Cr9,388 Cr9,345 Cr9,477 Cr
Profit before tax22,187 Cr14,516 Cr15,228 Cr13,981 Cr12,700 Cr13,522 Cr13,006 Cr15,509 Cr17,284 Cr16,190 Cr18,640 Cr7,012 Cr
Tax %25.4%26.0%24.3%26.8%22.2%27.6%31.9%25.5%27.0%26.2%26.6%6.5%
Net profit16,553 Cr10,748 Cr11,527 Cr10,236 Cr9,878 Cr9,784 Cr8,856 Cr11,554 Cr12,615 Cr11,946 Cr13,678 Cr6,554 Cr
EPS (₹)₹10.92₹8.23₹8.03₹7.90₹8.17₹6.85₹5.82₹7.79₹8.58₹7.96₹8.60₹9.46

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales3,25,666 Cr3,62,246 Cr4,53,461 Cr4,25,001 Cr3,60,572 Cr5,31,762 Cr6,84,829 Cr6,43,037 Cr6,63,262 Cr6,62,247 CrSign in free for the trailing twelve months
Operating expenses (approx.)2,72,863 Cr3,05,381 Cr3,78,816 Cr3,72,856 Cr3,11,106 Cr4,51,888 Cr6,09,302 Cr5,40,202 Cr5,74,402 Cr5,59,128 CrSign in free for the trailing twelve months
EBITDA52,804 Cr56,866 Cr74,644 Cr52,145 Cr49,466 Cr79,874 Cr75,527 Cr1,02,835 Cr88,861 Cr1,03,120 CrSign in free for the trailing twelve months
OPM %16.2%15.7%16.5%12.3%13.7%15.0%11.0%16.0%13.4%15.6%Sign in free for the trailing twelve months
Other income9,323 Cr7,468 Cr8,149 Cr8,532 Cr9,323 Cr7,438 Cr8,074 Cr12,222 Cr12,394 Cr12,357 CrSign in free for the trailing twelve months
Interest3,591 Cr4,999 Cr5,837 Cr7,000 Cr5,079 Cr5,696 Cr7,889 Cr10,194 Cr14,535 Cr13,029 CrSign in free for the trailing twelve months
Depreciation20,219 Cr23,089 Cr24,026 Cr26,635 Cr25,538 Cr26,883 Cr24,557 Cr28,763 Cr35,206 Cr37,391 CrSign in free for the trailing twelve months
Profit before tax41,718 Cr39,207 Cr54,767 Cr19,068 Cr30,110 Cr54,091 Cr43,051 Cr76,860 Cr52,398 Cr67,623 CrSign in free for the trailing twelve months
Tax %30.1%33.5%38.1%39.4%29.1%8.9%23.9%25.7%26.9%26.4%Sign in free for the trailing twelve months
Net profit29,169 Cr26,068 Cr33,887 Cr11,560 Cr21,343 Cr49,294 Cr32,778 Cr57,101 Cr38,329 Cr49,793 CrSign in free for the trailing twelve months
EPS (₹)₹19.03₹17.23₹23.81₹8.67₹12.92₹36.19₹28.17₹39.13₹28.80₹32.93Sign in free for the trailing twelve months
Dividend payout %————14.5%26.2%53.7%22.6%44.3%34.1%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital6,417 Cr6,417 Cr6,290 Cr6,290 Cr6,290 Cr6,290 Cr6,290 Cr6,290 Cr6,290 Cr6,290 Cr
Reserves1,87,969 Cr1,97,602 Cr2,11,851 Cr2,00,678 Cr2,14,691 Cr2,53,213 Cr2,74,357 Cr3,30,780 Cr3,37,150 Cr3,65,478 Cr
Borrowings74,400 Cr1,01,246 Cr1,02,106 Cr1,03,658 Cr1,09,820 Cr1,07,776 Cr1,29,186 Cr1,19,755 Cr1,53,556 Cr1,42,055 Cr
Other liabilities1,63,321 Cr1,39,364 Cr1,57,349 Cr1,75,460 Cr1,90,848 Cr1,94,346 Cr1,84,088 Cr2,25,347 Cr2,30,932 Cr2,40,157 Cr
Total liabilities4,45,397 Cr4,60,235 Cr4,95,702 Cr5,03,898 Cr5,43,265 Cr5,85,449 Cr6,14,529 Cr7,10,193 Cr7,58,723 Cr7,91,905 Cr
Fixed assets (net)1,96,360 Cr2,11,222 Cr2,18,101 Cr2,28,883 Cr2,29,313 Cr2,42,161 Cr2,37,805 Cr2,84,955 Cr3,25,984 Cr3,30,705 Cr
CWIP21,373 Cr21,381 Cr29,896 Cr45,932 Cr62,921 Cr71,485 Cr73,975 Cr92,029 Cr87,037 Cr91,478 Cr
Investments70,746 Cr67,335 Cr66,919 Cr50,648 Cr60,030 Cr66,650 Cr78,880 Cr1,02,215 Cr95,625 Cr1,01,092 Cr
Loans & advances——1,702 Cr1,182 Cr752 Cr493 Cr458 Cr420 Cr459 Cr454 Cr
Inventories29,882 Cr30,563 Cr35,181 Cr33,051 Cr44,573 Cr54,163 Cr44,238 Cr52,251 Cr58,956 Cr64,918 Cr
Trade receivables12,547 Cr13,899 Cr15,396 Cr9,173 Cr16,016 Cr19,187 Cr18,752 Cr19,763 Cr21,228 Cr22,014 Cr
Cash & bank1,815 Cr2,512 Cr4,106 Cr4,781 Cr4,019 Cr5,450 Cr2,640 Cr4,133 Cr4,554 Cr1,554 Cr
Other assets1,12,675 Cr1,13,323 Cr1,24,401 Cr1,30,247 Cr1,25,640 Cr1,25,861 Cr1,57,781 Cr1,54,428 Cr1,64,879 Cr1,79,690 Cr
Total assets4,45,397 Cr4,60,235 Cr4,95,702 Cr5,03,898 Cr5,43,265 Cr5,85,449 Cr6,14,529 Cr7,10,193 Cr7,58,723 Cr7,91,905 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity45,780 Cr58,293 Cr61,248 Cr71,634 Cr47,201 Cr78,000 Cr84,211 Cr99,263 Cr90,868 Cr1,12,719 Cr
Cash from investing-45,056 Cr-66,521 Cr-34,167 Cr-53,498 Cr-39,090 Cr-40,477 Cr-73,209 Cr-57,267 Cr-43,022 Cr-57,676 Cr
Cash from financing-1,867 Cr8,168 Cr-25,996 Cr-17,768 Cr-8,258 Cr-35,979 Cr-12,916 Cr-45,650 Cr-47,908 Cr-56,331 Cr
Net cash flow-1,143 Cr-60 Cr1,085 Cr368 Cr-195 Cr1,676 Cr-1,504 Cr-3,591 Cr59 Cr-1,031 Cr
Free cash flow (OCF − Capex)9,452 Cr13,405 Cr18,756 Cr16,649 Cr14,866 Cr44,543 Cr35,207 Cr47,361 Cr35,192 Cr58,729 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.1%13.8%17.9%7.9%10.0%15.3%11.8%18.0%12.7%14.6%
ROE %11.8%11.9%12.9%4.9%6.7%16.1%11.8%13.5%9.7%10.1%
Debtor days1414128161310111212
Inventory days3314612213628618086110105119
Days payable271271139417613465796986
Cash conversion cycle213322491266031424745
OCF / EBITDA %86.7%102.5%82.1%137.4%95.4%97.7%111.5%96.5%102.3%109.3%
OCF / EBITDA % (3 years)——89.7%104.1%102.2%108.5%102.2%101.3%102.7%102.7%
Debt / equity0.380.500.470.500.500.420.460.360.450.38
Current ratio0.640.620.700.690.760.830.860.880.810.84
Net debt / EBITDA1.37—1.311.902.141.281.681.121.681.36