ONGC

₹154.4 -2 | 1.2%

WEBSITE BSE:500312 NSE : ONGC CORPN 09 Jun, 12:45

Market Cap ₹194177 Cr.

Stock P/E 5.5

P/B 0.7

Current Price ₹154.4

Book Value ₹ 223.1

Face Value 5

52W High ₹169

Dividend Yield 3.05%

52W Low ₹ 119.8

Edit Ratio

ONGC Research see more...

Overview Inc. Year: 1993Industry: Oil Exploration

Oil and Natural Gas Corporation Limited is an India-based company, that is engaged in exploration, development and production of crude oil, natural gas and value-added merchandise. Its segments include Exploration and Production; and Refining and Marketing. The Company's geographical segments encompass operations in India, which includes Onshore and Offshore, and Outside India. It is likewise involved in acquisition of oil and gas acreages out of India for exploration, development, and production, downstream (Refining and advertising of petroleum products), petrochemicals, power technology, LNG supply, pipeline transportation, special economic zone (SEZ) improvement and helicopter services. It is concerned in offshore extraction of crude petroleum, offshore extraction of natural fuel and offerings incidental to offshore oil extraction. Its subsidiaries encompass Mangalore Refinery and Petrochemicals Ltd, ONGC Videsh Ltd and Petronet MHB Ltd.

ONGC Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

ONGC Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	100289	114168	108136	122029	145686	155920	182894	168656	169213	164067
Other Income	2128	4038	1166	1415	2129	2728	1255	2328	1829	2662
Total Income	102417	118206	109302	123445	147815	158648	184149	170984	171041	166729
Total Expenditure	89009	98690	91849	104274	124266	131509	164039	154852	147342	143070
Operating Profit	13407	19516	17453	19170	23549	27139	20110	16133	23699	23659
Interest	1025	1116	1440	1377	1389	1491	1640	1993	2188	2068
Depreciation	6495	7572	6423	6230	6850	7380	6611	4443	6784	6719
Exceptional Income / Expenses	0	2157	0	0	0	-2105	-674	-11	-8	-7445
Profit Before Tax	5887	12985	9590	11563	15311	16163	11186	9686	14719	7427
Provision for Tax	2375	2718	3348	-6647	4374	3722	3640	2394	4037	202
Profit After Tax	3512	10267	6242	18211	10936	12441	7546	7291	10682	7225
Adjustments	-869	-863	-257	-156	-5	-1890	4391	1008	807	-3509
Profit After Adjustments	2643	9404	5985	18055	10932	10550	11937	8299	11489	3715
Adjusted Earnings Per Share	2.1	7.5	4.8	14.4	8.7	8.4	9.5	6.6	9.1	3

ONGC Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	147285	162403	174477	161212	124074	282506	322706	421626	396763	303892	491270	684830
Other Income	4891	5751	35074	27809	26635	28801	28890	26564	24035	22539	21497	8074
Total Income	152176	168153	209551	189021	150709	311307	351596	448190	420797	326431	512767	692903
Total Expenditure	98891	119164	152908	140754	102564	249180	283904	365060	359047	266528	424158	609303
Operating Profit	53284	48989	56643	48267	48145	62127	67692	83130	61751	59903	88609	83601
Interest	435	484	624	2864	3766	3591	5621	6418	8058	6176	6994	7889
Depreciation	13187	11763	16606	18033	16384	20219	23112	23704	26635	25538	26883	24557
Exceptional Income / Expenses	3141	0	0	0	-7943	591	248	-1591	-9028	919	-2105	-8138
Profit Before Tax	42804	36742	39413	27370	20052	38908	39208	51417	18029	29107	52627	43018
Provision for Tax	14375	12752	12760	9697	6951	12548	13140	20908	7506	8766	4797	10273
Profit After Tax	28429	23990	26653	17673	13102	26359	26068	30510	10523	20341	47830	32744
Adjustments	-285	229	-146	661	-226	-1940	-3962	36	280	-4036	-2308	2697
Profit After Adjustments	28144	24220	26507	18334	12875	24419	22106	30546	10804	16304	45522	35440
Adjusted Earnings Per Share	21.9	18.9	20.7	14.3	10	19	17.2	24.3	8.6	13	36.2	28.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	62%	5%	12%	13%
Operating Profit CAGR	48%	2%	7%	5%
PAT CAGR	135%	16%	13%	5%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-7%	20%	-2%	-3%
ROE Average	20%	11%	12%	13%
ROCE Average	17%	12%	14%	17%

ONGC Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	136439	152528	172152	180454	197814	194385	204019	216935	205105	220981	259503
Minority's Interest	2224	1947	2912	2473	2652	13292	15606	18106	18406	21616	23825
Borrowings	5209	8843	31681	47575	40229	52772	55025	52168	72932	79162	88043
Other Non-Current Liabilities	70041	75835	78343	71009	77583	96411	103411	123446	85836	95560	83327
Total Current Liabilities	51506	49586	68528	56532	58734	132742	126821	129758	125073	123267	127424
Total Liabilities	265419	288738	353616	358044	377012	489602	504881	540413	507350	540585	582121
Fixed Assets	99342	119644	155923	179933	166277	211125	232890	230383	243884	243738	254394
Other Non-Current Assets	102897	111549	132529	119054	145100	190542	189707	222566	182757	203725	221668
Total Current Assets	62267	56541	64425	58499	65635	87935	82284	87464	80709	93121	106059
Total Assets	265419	288738	353616	358044	377012	489602	504881	540413	507350	540585	582121

ONGC Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	20017	27874	19601	12466	2768	-48	51	-45	956	1664	1468
Cash Flow from Operating Activities	46129	39874	53270	33950	46292	45780	56792	61458	70593	47185	78000
Cash Flow from Investing Activities	-38375	-41220	-63633	-30320	-38283	-45056	-67111	-37332	-53498	-39092	-40477
Cash Flow from Financing Activities	102	-6927	15225	-10641	-8972	-1867	9909	-23324	-16726	-8239	-35979
Net Cash Inflow / Outflow	7856	-8273	4862	-7010	-962	-1143	-410	801	368	-146	1544
Closing Cash & Cash Equivalent	27874	19601	24463	5717	1832	51	-45	956	1664	1468	3144

ONGC Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	21.93	18.87	20.65	14.29	10.03	19.03	17.23	24.28	8.59	12.96	36.19
CEPS(Rs)	32.43	27.86	33.71	27.82	22.98	36.3	38.32	43.09	29.54	36.47	59.39
DPS(Rs)	9.75	9.5	9.5	9.5	8.5	9.08	6.6	7	5	3.6	10.5
Book NAV/Share(Rs)	105.61	118.07	133.57	140.18	154.14	151.47	158.98	172.44	163.04	175.66	206.28
Core EBITDA Margin(%)	32.03	26.07	12.1	12.3	15.86	10.17	10.65	12.4	8.83	10.3	12.56
EBIT Margin(%)	28.62	22.45	22.47	18.17	17.56	12.97	12.3	12.68	6.1	9.73	11.15
Pre Tax Margin(%)	28.33	22.15	22.12	16.45	14.78	11.88	10.76	11.27	4.22	8.03	9.85
PAT Margin (%)	18.81	14.47	14.96	10.62	9.66	8.05	7.15	6.69	2.46	5.61	8.95
Cash Profit Margin (%)	27.54	21.56	24.27	21.46	21.73	14.22	13.49	11.88	8.7	12.65	13.98
ROA(%)	11.62	8.66	8.3	4.97	3.56	6.08	5.24	5.84	2.01	3.88	8.52
ROE(%)	22.72	16.72	16.51	10.06	6.94	13.44	13.09	14.5	4.99	9.55	19.91
ROCE(%)	31.68	23	20.39	13.31	9.98	16.42	15.33	18.23	8.08	10.67	16.86
Receivable days	26.2	29.84	32.18	38.22	36.52	11.63	13.24	11.72	10.49	12.68	12.02
Inventory Days	26.25	28.55	28.24	27.88	27.63	22.17	30.26	26.27	29.12	39.06	33.71
Payable days	130.99	109.01	0	6155.98	0	98.75	75.73	64.13	54.82	69.41	55.02
PER(x)	8.13	11.01	10.29	14.32	14.27	9.73	10.32	6.57	7.95	7.88	4.53
Price/Book(x)	1.69	1.76	1.59	1.46	0.93	1.22	1.12	0.93	0.42	0.58	0.79
Dividend Yield(%)	3.65	3.05	2.98	3.1	3.96	4.9	3.71	4.39	7.32	3.52	6.41
EV/Net Sales(x)	1.47	1.65	1.7	1.86	1.65	1.08	1.02	0.72	0.49	0.79	0.63
EV/Core EBITDA(x)	4.07	5.46	5.25	6.22	4.25	4.9	4.87	3.64	3.12	4.01	3.47
Net Sales Growth(%)	22.6	10.26	7.43	-7.6	-23.04	127.69	14.23	30.65	-5.9	-23.41	61.66
EBIT Growth(%)	24.42	-13.91	7.55	-24.49	-21.22	78.43	5.48	29.01	-54.89	35.25	68.98
PAT Growth(%)	24.55	-15.61	11.1	-33.69	-25.87	101.19	-1.1	17.04	-65.51	93.3	135.14
EPS Growth(%)	25.33	-13.94	9.44	-30.83	-29.77	89.66	-9.47	40.96	-64.63	50.92	179.2
Debt/Equity(x)	0.12	0.14	0.29	0.3	0.23	0.41	0.52	0.49	0.57	0.54	0.42
Current Ratio(x)	1.21	1.14	0.94	1.03	1.12	0.66	0.65	0.67	0.65	0.76	0.83
Quick Ratio(x)	0.95	0.88	0.72	0.85	0.95	0.44	0.41	0.4	0.38	0.39	0.41
Interest Cover(x)	99.42	76.95	64.13	10.56	6.33	11.83	7.98	9.01	3.24	5.71	8.52
Total Debt/Mcap(x)	0.07	0.08	0.18	0.21	0.25	0.34	0.47	0.53	1.35	0.93	0.52

ONGC Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	60.41	60.41	60.41	60.41	60.41	58.91	58.89	58.89	58.89	58.89
FII	7.67	8.08	8.06	8.08	8.87	9.91	9.97	8.96	8.43	7.97
DII	17.72	17.48	17.6	17.88	17.19	16.36	17.82	28.83	29.57	30.18
Public	14.21	14.03	13.93	13.64	13.53	14.82	13.31	3.32	3.11	2.95
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	759.96	759.96	759.96	759.96	759.96	741.09	740.89	740.89	740.89	740.89
FII	96.46	101.69	101.43	101.61	111.62	124.62	125.47	112.74	106.07	100.31
DII	222.87	219.89	221.39	224.9	216.19	205.86	224.21	362.65	371.97	379.68
Public	178.74	176.5	175.25	171.55	170.26	186.45	167.46	41.75	39.11	37.15
Others	0	0	0	0	0	0	0	0	0	0
Total	1258.03	1258.03	1258.03	1258.03	1258.03	1258.03	1258.03	1258.03	1258.03	1258.03

Pros

Stock is trading at 0.7 times its book value
Debtor days have improved from 69.41 to 55.02days.
Company is almost debt free.

Cons

Company has a low return on equity of 11% over the last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.