ONGC Share Price Target: 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 |
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 2025 to 2030
| Year | Target Price |
|---|---|
| ONGC Share Price Target 2025 | ₹303 |
| ONGC Share Price Target 2026 | ₹400 |
| ONGC Share Price Target 2027 | ₹542 |
| ONGC Share Price Target 2028 | ₹690 |
| ONGC Share Price Target 2029 | ₹725 |
| ONGC Share Price Target 2030 | ₹798 |
ONGC Target Price For 2025: ₹303
In 2025, ONGC is poised to reach a share price of ₹303, marking steady progress in its core operations. The company’s relentless focus on operational efficiency and its strategic efforts to unearth new oil and gas reserves are key drivers of this growth. With energy demand stabilizing post-pandemic and industrial sectors regaining momentum, ONGC stands well-prepared to cater to these needs. For investors seeking medium-term opportunities, 2025 could be an ideal time to enter, as the company consolidates its leadership in the energy domain.
ONGCTarget Price For 2026: ₹400
By 2026, ONGC’s share price is expected to climb to ₹400. This impressive growth reflects its ability to capitalize on rising energy demands and an uptick in industrial activities. The company’s strategic push into offshore exploration and cleaner energy initiatives demonstrates its adaptability in a rapidly evolving energy landscape. These efforts not only bolster ONGC’s competitiveness but also position it as a forward-thinking player in a market increasingly focused on sustainability. This year could represent a turning point, offering investors a glimpse into ONGC’s potential for long-term success.
ONGC Target Price For 2027: ₹542
In 2027, ONGC is likely to achieve a share price of ₹542, signaling a period of accelerated growth. The company’s ongoing investments in cutting-edge technology, coupled with its expanding portfolio across traditional and renewable energy sectors, are paying dividends. ONGC’s proactive engagement in global collaborations and partnerships is further strengthening its foothold in international markets. With energy consumption steadily rising worldwide, this year underscores ONGC’s ability to harness innovation for robust financial outcomes. For investors, 2027 could be a year of remarkable returns.
ONGC Target Price For 2028: ₹690
ONGC’s share price is projected to soar to ₹690 in 2028, marking a significant leap fueled by its diversification into renewable energy. From venturing into wind and solar power to maintaining its dominance in oil and gas, ONGC is striking a fine balance between tradition and transformation. Its adaptability to the global shift towards green energy reflects not just a strategy for survival but a blueprint for thriving in the new energy economy. For those with a long-term investment horizon, ONGC’s 2028 performance could serve as a testament to its visionary approach.
ONGC Target Price For 2029: ₹725
By 2029, ONGC is expected to deliver a steady share price of ₹725, reflecting its consistent performance and ability to navigate market challenges. The company’s sharp focus on boosting production efficiency and minimizing operational costs continues to drive profitability. With its well-established market presence and strong reputation, ONGC is entering a phase of stability and sustained growth. This year offers reassurance to investors, showcasing the company’s ability to maintain momentum while planning for future expansion.
ONGC Target Price For 2030: ₹798
As the world accelerates its shift toward sustainability, ONGC is set to reach a share price of ₹798 in 2030. The company’s investments in renewable energy, coupled with innovative technologies, position it as a leader in the global energy transition. ONGC’s commitment to reducing its carbon footprint while exploring new opportunities in clean energy resonates with the growing demand for responsible corporate practices. By 2030, ONGC is not just expected to deliver strong financial performance but also emerge as a torchbearer for the energy industry’s future.
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?
303 INR.
-
What is the Oil & Natural Gas Corporation Share Price Prediction 2026?
400 INR.
-
What is the Oil & Natural Gas Corporation Share Price Prediction 2027?
542 INR.
-
What is the Oil & Natural Gas Corporation Share Price Prediction 2029?
725 INR.
-
What is the Oil & Natural Gas Corporation Share Price Prediction 2030?
798 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.