ONGC
FAIRLY_VALUEDOil and Natural Gas Corporation
Oil & Gas · NSE
↑ 14.9% vs fair value
52W Low
₹205
+37.2% from low
52W High
₹293
-4.0% from high
Valuation Gauge
Current Price
₹281
Fair Value
₹331
Fair Value Analysis
₹331
Based on free cash flow projections and balance sheet strength analysis and earnings multiple (EV/EBITDA) for Oil & Gas sector companies | Sector-cheap: P/E at 9th percentile vs sector peers. | CAUTION: ROCE declining (latest 16.7%) — returns on capital are falling; verify this isn't a value trap. | COVID-resilient: PAT dropped from ₹33938Cr (FY2019) to ₹11456Cr (FY2020) during COVID but has fully recovered.
Cash Flow Analysis
40% weight
Balance Sheet Value
20% weight
EV/EBITDA Multiple
40% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Solid Fundamentals
Profitability
ROE of 12.2% is above the Oil & Gas sector benchmark of 10% — strong returns
Debt & Leverage
D/E ratio of 0.4x is well within the Oil & Gas sector norm of 1.5x — strong balance sheet
Valuation vs Peers
P/E of 9.5x is 16% above the Oil & Gas sector median of 8x — slightly expensive
Cash Flow
FCF margin of 5.8% — healthy cash generation (₹35,192 Cr)
Earnings Growth
5yr EPS CAGR of -7.3% — earnings are declining (sector avg growth: 14.6%)
Dividend
Dividend yield of 6.5% provides strong shareholder returns (benchmark: 3.0%)
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
11.2%
Free cash flow / market cap
Revenue Growth (YoY)
+0.1%
Year-on-year revenue change
Profit Growth (YoY)
+22.6%
Year-on-year PAT change
Operating Cash Flow
₹90.9K Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹30.1
P/E Ratio
9.5x
P/B Ratio
1.2x
ROE
12.2%
ROCE
10.9%
Debt / Equity
0.44x
Beta
0.19
Div Yield
6.6%
FCF (Cr)
₹35,192 Cr
Revenue (Cr)
₹6,08,951 Cr
EPS Growth 5Y
-7.3%
Mkt Cap (Cr)
₹3,61,306 Cr
52W High
₹293
52W Low
₹205
Book Value/Share
₹245.1
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹659.3K Cr | ₹99.6K Cr | 15.0% | ₹45.0K Cr | ₹30.14 |
| 2025-03-31 | ₹612.1K Cr | ₹88.9K Cr | 15.0% | ₹38.3K Cr | ₹28.80 |
| 2024-03-31 | ₹601.6K Cr | ₹102.4K Cr | 17.0% | ₹55.3K Cr | ₹39.06 |
| 2023-03-31 | ₹632.3K Cr | ₹75.5K Cr | 12.0% | ₹32.8K Cr | ₹28.17 |
| 2022-03-31 | ₹491.2K Cr | ₹79.9K Cr | 16.0% | ₹49.3K Cr | ₹36.19 |
| 2021-03-31 | ₹303.8K Cr | ₹49.5K Cr | 16.0% | ₹21.4K Cr | ₹12.96 |
| 2020-03-31 | ₹396.7K Cr | ₹52.1K Cr | 13.0% | ₹11.5K Cr | ₹8.59 |
| 2019-03-31 | ₹421.6K Cr | ₹74.8K Cr | 18.0% | ₹33.9K Cr | ₹24.28 |
| 2018-03-31 | ₹322.7K Cr | ₹56.9K Cr | 18.0% | ₹26.1K Cr | ₹17.23 |
| 2017-03-31 | ₹282.5K Cr | ₹52.8K Cr | 19.0% | ₹29.2K Cr | ₹19.03 |
| 2016-03-31 | ₹124.0K Cr | ₹39.1K Cr | 32.0% | ₹13.1K Cr | ₹10.03 |
| 2015-03-31 | ₹160.9K Cr | ₹42.3K Cr | 26.0% | ₹17.7K Cr | ₹14.29 |
| 2014-03-31 | ₹174.1K Cr | ₹49.1K Cr | 28.0% | ₹26.7K Cr | ₹20.65 |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Oil & Gas| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Gulf Oil Lubricants India Limited | ₹891 | ₹1,626.9 | +45.2% | 12.7 | 21.1% | UNDERVALUED |
GP Petroleums Limited | ₹28.7 | ₹44.1 | +35.0% | 5.4 | 7.4% | UNDERVALUED |
Magadh Sugar & Energy Limited | ₹493 | ₹640.5 | +23.0% | 8 | 13.9% | UNDERVALUED |
Oil and Natural Gas Corporation | ₹281.4 | ₹330.7 | +14.9% | 9.5 | 12.2% | FAIRLY_VALUED |
Avadh Sugar & Energy Limited | ₹499 | ₹534.5 | +6.6% | 12.8 | 8.0% | FAIRLY_VALUED |
GAIL India | ₹143.4 | ₹146.9 | +2.3% | 10.9 | 9.8% | FAIRLY_VALUED |
Hindustan Petroleum Corporation Limited | ₹328.9 | ₹333.1 | +1.3% | 4.5 | 12.3% | FAIRLY_VALUED |
Mahanagar Gas | ₹966.6 | ₹849.5 | -13.8% | 9.9 | 17.0% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
Company Documents
Annual reports, concall transcripts & regulatory filings
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