ONGC Share Price: Oil and Natural Gas Corporation Limited (ONGC) is India’s largest producer of crude oil and natural gas, contributing approximately 71% of the country’s total crude oil production and 84% of its natural gas output.
As a Public Sector Undertaking (PSU), ONGC plays a pivotal role in ensuring energy security for India, making it a cornerstone of the nation’s energy sector.
Oil & Natural Gas Corporation (ONGC) Company Overview
Given ONGC’s strategic importance, extensive operations, and influence in the global energy market, understanding its future share price trajectory is essential for investors.
This analysis explores ONGC’s share price targets from 2024 to 2030, focusing on the company’s financial performance, market dynamics, and fundamental outlook to provide a clear perspective on its growth potential and investment opportunities.
| Company Name | Oil & Natural Gas Corporation (ONGC) Ltd. |
| Founded | 1956 |
| Headquarters | New Delhi |
| Industry | Energy |
| Chairman | Arun Kumar Singh |
| Stock Exchange Listing | NSE & BSE |
| Official Website | ongcindia.com |
Oil & Natural Gas Corporation (ONGC) Fundamental Analysis
| Metric | Value |
|---|---|
| Market Cap | ₹3,11,047.40 Cr. |
| ROE | 14.32% |
| ROCE | 19.71% |
| P/E | 7.71 |
| P/B | 0.95 |
| Div. Yield | 4.87% |
| Book Value | ₹259.84 |
| Face Value | ₹5 |
| EPS (TTM) | ₹32.06 |
| 52 Week High | ₹344.60 |
| 52 Week Low | ₹199.35 |
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Oil & Natural Gas Corporation Financials
Income Statement
| (INR) | 2024 | Y/Y change |
|---|---|---|
| Revenue | 5.91T | -6.46% |
| Operating expense | 522.12B | 3.09% |
| Net income | 492.21B | 34.08% |
| Net profit margin | 8.32 | 43.20% |
| Earnings per share | 40.09 | 42.50% |
| EBITDA | 996.50B | 26.01% |
| Effective tax rate | 25.71% | — |
Balance Sheet
| (INR) | 2024 | Y/Y change |
|---|---|---|
| Cash and short-term investments | 465.13B | 26.43% |
| Total assets | 7.10T | 14.92% |
| Total liabilities | 3.45T | 9.69% |
| Total equity | 3.65T | — |
| Shares outstanding | 12.58B | — |
| Price to book | 0.94 | — |
| Return on assets | 6.95% | — |
| Return on capital | 9.42% | — |
Cash Flow
| (INR) | 2024 | Y/Y change |
|---|---|---|
| Net income | 492.21B | 34.08% |
| Cash from operations | 992.63B | 15.34% |
| Cash from investing | -572.67B | 23.74% |
| Cash from financing | -456.50B | -254.53% |
| Net change in cash | -35.91B | -138.77% |
| Free cash flow | 193.51B | -1.83% |
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ONGC Share Price Target From 2024 to 2030
| Year | Target Price |
|---|---|
| ONGC Share Price Target 2024 | ₹303 |
| ONGC Share Price Target 2025 | ₹400 |
| ONGC Share Price Target 2026 | ₹542 |
| ONGC Share Price Target 2027 | ₹690 |
| ONGC Share Price Target 2028 | ₹725 |
| ONGC Share Price Target 2029 | ₹798 |
| ONGC Share Price Target 2030 | ₹890 |
ONGC Shareholding Pattern
- Retail & Other: 13.95%
- Promoters: 58.59%
- Foreign Institutions: 8.12%
- Mutual Funds: 7.94%
- Other Domestic Institutions: 11.10%
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ONGC Competitors/Peer Companies
- Oil India
- Deep Industries
- HOEC
- Dolphin Enterprise
- Asian Energy Services
- Selan Exploration
- Deep Energy (Amalgamation)
- Aban Offshore
- GNRL (Gujarat Natural Resources Ltd.)
- Aakash Exploration
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FAQs
-
What is the Oil & Natural Gas Corporation Share Price Prediction 2025?
400 INR.
-
What is the Oil & Natural Gas Corporation Share Price Prediction 2026?
542 INR.
-
What is the Oil & Natural Gas Corporation Share Price Prediction 2027?
690 INR.
-
What is the Oil & Natural Gas Corporation Share Price Prediction 2029?
798 INR.
-
What is the Oil & Natural Gas Corporation Share Price Prediction 2030?
890 INR.
Disclaimer: The information in this blog is for educational purposes only, and the targets mentioned in it are given as suggestions by market analysts. Therefore, before investing your money in any company, it is mandatory to get complete information about the company and consult your financial advisor.
