OIL AND NATURAL GAS CORPORATION LIMITED Financials Oil and Natural Gas Corporation Limited
Equities
ONGC
INE213A01029
Oil & Gas Exploration and Production
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 282.9 INR | +0.34% |
|
+2.78% | +37.97% |
| Apr. 15 | Indian Equities Fall on Monday Amid Rising Iran-Israel Tensions | MT |
| Apr. 15 | ISMT to Supply Regular Casing Pipes to ONGC | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,009,700 | 859,233 | 1,285,076 | 2,061,908 | 1,900,251 | 3,558,961 | - | - |
| Enterprise Value (EV) 1 | 2,928,891 | 1,785,323 | 2,257,174 | 3,017,538 | 2,984,025 | 4,516,880 | 4,444,780 | 4,360,016 |
| P/E ratio | 6.71 x | 7.88 x | 7.91 x | 4.53 x | 5.36 x | 7.09 x | 7.14 x | 6.86 x |
| Yield | 4.38% | 7.32% | 3.52% | 6.41% | 7.45% | 4.6% | 4.83% | 5.03% |
| Capitalization / Revenue | 0.44 x | 0.2 x | 0.36 x | 0.39 x | 0.28 x | 0.56 x | 0.56 x | 0.55 x |
| EV / Revenue | 0.65 x | 0.42 x | 0.63 x | 0.57 x | 0.44 x | 0.71 x | 0.7 x | 0.67 x |
| EV / EBITDA | 3.49 x | 3.36 x | 3.99 x | 3.52 x | 3.95 x | 4.3 x | 4.22 x | 3.93 x |
| EV / FCF | 15.6 x | 10.7 x | 53.7 x | 6.77 x | 6.29 x | 12.1 x | 11 x | 10.1 x |
| FCF Yield | 6.4% | 9.33% | 1.86% | 14.8% | 15.9% | 8.28% | 9.12% | 9.9% |
| Price to Book | 0.92 x | 0.42 x | 0.58 x | 0.79 x | 0.68 x | 1.14 x | 1.05 x | 0.96 x |
| Nbr of stocks (in thousands) | 12,580,279 | 12,580,279 | 12,580,279 | 12,580,279 | 12,580,279 | 12,580,279 | - | - |
| Reference price 2 | 159.8 | 68.30 | 102.2 | 163.9 | 151.0 | 282.9 | 282.9 | 282.9 |
| Announcement Date | 5/30/19 | 6/30/20 | 6/24/21 | 5/28/22 | 5/26/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 4,534,606 | 4,250,014 | 3,605,723 | 5,317,618 | 6,848,292 | 6,343,135 | 6,372,986 | 6,523,947 |
| EBITDA 1 | 838,647 | 531,997 | 566,015 | 857,668 | 755,270 | 1,049,272 | 1,053,899 | 1,109,391 |
| EBIT 1 | 506,179 | 265,648 | 239,275 | 529,905 | 509,699 | 718,542 | 692,833 | 734,059 |
| Operating Margin | 11.16% | 6.25% | 6.64% | 9.97% | 7.44% | 11.33% | 10.87% | 11.25% |
| Earnings before Tax (EBT) 1 | 547,672 | 190,682 | 301,096 | 540,911 | 430,508 | 759,119 | 710,323 | 729,737 |
| Net income 1 | 304,950 | 109,072 | 162,487 | 455,221 | 354,405 | 506,208 | 501,900 | 524,704 |
| Net margin | 6.72% | 2.57% | 4.51% | 8.56% | 5.18% | 7.98% | 7.88% | 8.04% |
| EPS 2 | 23.81 | 8.670 | 12.92 | 36.19 | 28.17 | 39.89 | 39.62 | 41.23 |
| Free Cash Flow 1 | 187,558 | 166,494 | 42,009 | 445,429 | 474,189 | 373,833 | 405,444 | 431,604 |
| FCF margin | 4.14% | 3.92% | 1.17% | 8.38% | 6.92% | 5.89% | 6.36% | 6.62% |
| FCF Conversion (EBITDA) | 22.36% | 31.3% | 7.42% | 51.93% | 62.78% | 35.63% | 38.47% | 38.9% |
| FCF Conversion (Net income) | 61.5% | 152.65% | 25.85% | 97.85% | 133.8% | 73.85% | 80.78% | 82.26% |
| Dividend per Share 2 | 7.000 | 5.000 | 3.600 | 10.50 | 11.25 | 13.01 | 13.66 | 14.22 |
| Announcement Date | 5/30/19 | 6/30/20 | 6/24/21 | 5/28/22 | 5/26/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | - | 1,141,683 | 1,081,356 | 1,220,295 | 1,456,856 | 1,559,205 | - | 1,686,561 | 1,692,126 | 1,640,667 | 1,638,236 | 354,721 | 1,809,153 | 2,009,204 | - |
| EBITDA 1 | - | - | 162,867 | 185,391 | - | - | - | 163,613 | 222,508 | 209,967 | 319,467 | 182,581 | 176,533 | - | - |
| EBIT | - | 79,058 | 98,637 | 129,400 | 166,993 | 170,309 | - | 93,617 | 150,868 | 142,775 | - | - | - | - | - |
| Operating Margin | - | 6.92% | 9.12% | 10.6% | 11.46% | 10.92% | - | 5.55% | 8.92% | 8.7% | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | 92,244 | 157,020 | 59,038 | - | 124,100 | - | - | - |
| Net income 1 | 26,432 | 94,042 | 59,852 | 180,550 | 109,316 | 105,503 | - | 82,994 | 114,890 | 37,155 | 141,339 | 101,468 | 98,508 | - | - |
| Net margin | - | 8.24% | 5.53% | 14.8% | 7.5% | 6.77% | - | 4.92% | 6.79% | 2.26% | 8.63% | 28.6% | 5.44% | - | - |
| EPS 2 | 2.100 | 7.480 | 4.760 | 14.35 | 8.690 | 8.390 | - | 6.600 | 9.130 | 2.950 | 11.23 | - | 9.015 | 11.52 | - |
| Dividend per Share 2 | 1.750 | 1.850 | - | 5.500 | 1.750 | 3.250 | 1.750 | 6.750 | - | - | 2.954 | 2.954 | 3.002 | 3.002 | 3.535 |
| Announcement Date | 2/13/21 | 6/24/21 | 8/13/21 | 11/12/21 | 2/11/22 | 5/28/22 | 8/12/22 | 11/14/22 | 2/14/23 | 5/26/23 | 8/11/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 919,192 | 926,090 | 972,098 | 955,630 | 1,083,774 | 957,919 | 885,819 | 801,055 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 1.096 x | 1.741 x | 1.717 x | 1.114 x | 1.435 x | 0.9129 x | 0.8405 x | 0.7221 x |
| Free Cash Flow 1 | 187,558 | 166,494 | 42,009 | 445,429 | 474,189 | 373,833 | 405,444 | 431,604 |
| ROE (net income / shareholders' equity) | 14.4% | 5.15% | 7.63% | 19% | 13.1% | 16.7% | 15.1% | 14.4% |
| ROA (Net income/ Total Assets) | 6.38% | 2.19% | 3.09% | 8.07% | 5.91% | 8.01% | 7.09% | 6.49% |
| Assets 1 | 4,779,684 | 4,985,898 | 5,266,486 | 5,643,703 | 5,999,641 | 6,318,383 | 7,078,656 | 8,082,940 |
| Book Value Per Share 2 | 173.0 | 165.0 | 176.0 | 206.0 | 223.0 | 249.0 | 270.0 | 294.0 |
| Cash Flow per Share 2 | 47.80 | 56.90 | 37.50 | 62.00 | 66.90 | 69.40 | 75.90 | 78.10 |
| Capex 1 | 424,926 | 549,849 | 430,005 | 334,571 | 367,925 | 491,929 | 487,938 | 510,035 |
| Capex / Sales | 9.37% | 12.94% | 11.93% | 6.29% | 5.37% | 7.76% | 7.66% | 7.82% |
| Announcement Date | 5/30/19 | 6/30/20 | 6/24/21 | 5/28/22 | 5/26/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
C
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
30
Last Close Price
282.9
INR
Average target price
263.2
INR
Spread / Average Target
-6.98%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +37.97% | 42.67B | |
| +15.92% | 8.43B | |
| -7.66% | 4.14B | |
| +5.65% | 2.52B | |
| +9.36% | 1.12B | |
| -7.02% | 637M | |
| -9.37% | 619M | |
| -3.23% | 240M | |
| -6.12% | 179M | |
| +46.32% | 144M |
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