Oil & Natural Gas Corpn Ltd

About Oil & Natural Gas Corpn Ltd

Oil & Natural Gas Corporation Ltd (ONGC) is India's largest crude oil and natural gas producer, a 'Maharatna' Public Sector Undertaking. Engaged in exploration, development, and production of hydrocarbons, ONGC is crucial for India's energy security, operating extensive domestic and international upstream assets and also having interests in refining and petrochemicals.

Key Financial Ratios

• P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Oil & Natural Gas Corpn Ltd's P/E ratio (TTM) is 9.16, compared to the industry median of 11.48 and large cap median of 7.27.

• P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Oil & Natural Gas Corpn Ltd's P/B ratio is 0.81, compared to the industry median of 1.27 and large cap median of 0.81.

• P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Oil & Natural Gas Corpn Ltd's P/S ratio is 0.48, compared to the industry median of 3.26 and large cap median of 0.48.

• PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Oil & Natural Gas Corpn Ltd's PEG ratio is 0.39.

• EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Oil & Natural Gas Corpn Ltd's EV/EBITDA ratio is 3.47.

• Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Oil & Natural Gas Corpn Ltd's ROE is 13.39%.

• Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Oil & Natural Gas Corpn Ltd's ROA is 13.02%.

• Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Oil & Natural Gas Corpn Ltd's ROCE is 14%.

• Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Oil & Natural Gas Corpn Ltd's operating margin is 15.57%.

• Net Margin: Net margin shows what percentage of revenue converts into final net profit. Oil & Natural Gas Corpn Ltd's net margin is 7.52%.

• Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Oil & Natural Gas Corpn Ltd's current ratio is 0.78.

• Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Oil & Natural Gas Corpn Ltd's debt-to-equity ratio is 0.33.

• Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Oil & Natural Gas Corpn Ltd's interest coverage ratio is 6.19.

• Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Oil & Natural Gas Corpn Ltd's DPS is ₹13.17.

• Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Oil & Natural Gas Corpn Ltd's EPS is 14.34.

(Source line: "Ratios as of 11 Aug 2026, based on last traded price of ₹239.45. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")

Key Facts

• Founded: 1956 (as Oil & Natural Gas Directorate) (as Oil and Natural Gas Directorate / Oil and Natural Gas Commission)
• Headquarters: New Delhi, Delhi
• Core Offerings: Crude Oil Exploration & Production, Natural Gas Exploration & Production, Value Added Products (LPG, Naphtha, C2-C3), Refining & Marketing (via subsidiaries)
• Stock Listing: NSE (ONGC), BSE (500312)
• Promoter: Government of India

History of Oil & Natural Gas Corpn Ltd

1956: Established as the Oil and Natural Gas Directorate by the Government of India. 1959: Converted into a statutory body, the Oil and Natural Gas Commission (ONGC), with broader powers. 1960s-70s: Achieved significant discoveries, including the Ankleshwar oilfield and the monumental Mumbai High offshore field in 1974, dramatically increasing India's domestic oil production. 1993: Transformed into a Public Limited Company, Oil & Natural Gas Corporation Ltd, as part of economic liberalization. 2000s onwards: Expanded international presence through ONGC Videsh Ltd and diversified into downstream activities like refining (MRPL) and petrochemicals (OPaL). Continues to be a cornerstone of India's energy sector.

Business Segments and Revenue Mix

• Exploration & Production (E&P): Dominant segment, involving the entire value chain of discovering, developing, and producing crude oil and natural gas from both onshore and offshore fields in India. Holds vast acreage across various basins.
• Refining: Contributes significantly through its major subsidiary, Mangalore Refinery and Petrochemicals Ltd (MRPL), which operates a large refinery in Karnataka, processing crude oil into petroleum products.
• Petrochemicals: Engaged in the petrochemical business through its subsidiary, ONGC Petro additions Limited (OPaL), which operates a mega petrochemical complex at Dahej, Gujarat, producing polymers and other products.

Key Personnel

Mr. Arun Kumar Singh: Chairman & CEO. A seasoned industry veteran with over 38 years of experience in the oil and gas sector, having held leadership roles across various functions before taking the helm at ONGC.

Subsidiaries and Associate Companies

• ONGC Videsh Limited: Explores for oil and gas and produces hydrocarbons in 15 countries worldwide.
• Mangalore Refinery and Petrochemicals Limited (MRPL): Operates a state-of-the-art refinery in Mangalore.
• ONGC Petro additions Limited (OPaL): Operates a mega petrochemical complex.
• ONGC Tripura Power Company Limited (OTPC): Engaged in power generation.

Corporate Actions

Bonus Issue: 1:2 bonus shares issued in October 2022. No major recent rights issues or significant M&A activities reported by the parent company in recent years, beyond routine asset acquisitions by ONGC Videsh.

References

1. Annual Report FY2022-23
2. Exchange Filings (NSE/BSE)
3. Financial Results Announcement Q3 FY24