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Oil and Natural Gas Corporation Limited ONGC.NS

IN · National Stock Exchange of India · XNSE · stock · Energy · website

Oil and Natural Gas Corporation Limited statistics & valuation

Market cap₹2.97T
P / E7.2×
P / S0.5×
P / B0.8×
P / FCF5.1×
Net margin6.8%
FCF margin9.7%
Net debt₹1.73T
Enterprise value USD$49.4B
Earnings yield EBIT/EV17.4%
Return on capital13.1%
Graham number +97.9%₹467.93

Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value (₹467.93); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
5.80% 8.20% 5.90% 6.80% 2023202420252026
Gross margin (%)
19.40% 23.40% 21.10% 24.30% 2023202420252026
Operating margin (%)
10.70% 12.90% 10.40% 13.50% 2023202420252026
Return on equity (%)
12.90% 14.50% 10.50% 11.10% 2023202420252026
Shares outstanding
12.58B 12.58B 12.58B 12.58B 2023202420252026
Net debt (₹)
₹1.74T ₹1.89T ₹2.17T ₹1.73T 2023202420252026
Share buybacks (₹)
2023202420252026
Return on assets (%)
5.70% 6.60% 4.80% 5.20% 2023202420252026
Free cash flow margin (%)
5.60% 7.80% 5.80% 9.70% 2023202420252026
Debt / equity (×)
0.62× 0.56× 0.64× 0.47× 2023202420252026
EPS (₹)
₹29.18 ₹39.06 ₹28.80 ₹32.93 2023202420252026

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

Oil and Natural Gas Corporation Limited trades at about 7.2× earnings — below its 10-year norm (10-year range 5.4×–9.1×, median 8.5×).

5.4× 9.1×

Shaded band = 10-year range (5.4×–9.1×); dot = today's 7.2×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2026FY2025FY2024FY2023
Gross margin24.3%21.1%23.4%19.4%
Operating margin13.5%10.4%12.9%10.7%
Net margin6.8%5.9%8.2%5.8%
FCF margin9.7%5.8%7.8%5.6%
Return on assets5.2%4.8%6.6%5.7%
Return on equity11.1%10.5%14.5%12.9%
Debt / equity0.25×0.29×0.29×0.44×
Current ratio0.840.680.830.87

Computed from company filings · IN · as of 2026-03-31. Figures in INR. Facts plus Stocktoria's own computed scores — not investment advice.