Last updated on September 8th, 2024 at 02:54 pm
ONGC Oil and Natural Gas Corporation Ltd. Share Price Predication 2024, 2025, 2026 to 2030 in Future Return?
Note: The information that we provide is based on our analysis, do your research before making an investment decision.
ONGC Share Price
About ONGC
ONGC (Oil and Natural Gas Corporation) An Indian state-owned corporation that undertakes exploration and production of crude oil.
ONGC Details
- Company Name: Oil and Natural Gas Corporation Limited (ONGC)
- Sector: Oil and Natural Gas Exploration and Production
- Type : Public sector of the Government of India
- Headquarters in Dehradun, India
- Established: 1956
Operations
- Crude oil and natural gas exploration & production
- Onshore and offshore activities
- Other Standalone Financial Statements International operations through ONGC Videsh Limited.
Fundamental Analysis of ONGC
Financial Highlights
- Net Profit (FY 2023-24): INR 40,526 crore (standalone), INR 57,101 crore (consolidated)
- Dividend: Total INR 15,411 crore; Final INR 2.50 per share; Interim INR 9.75 per share
- CapEx: INR 37,000 crore (highest ever utilization excluding acquisitions)
| Metric | Value/Details |
|---|---|
| Net Profit (FY 2023-24) | INR 40,526 crore (standalone), INR 57,101 crore (consolidated) |
| Dividend | Total: INR 15,411 crore; Final: INR 2.50 per share; Interim: INR 9.75 per share |
| New Discoveries | 11 new discoveries in FY 2023-24 |
| Reserve Replacement Ratio | 1.15 (more than 1 for 18 consecutive years) |
| Capital Expenditure (CapEx) | INR 37,000 crore (highest ever utilization excluding acquisitions) |
| Wells Drilled | 541 wells (highest in the past 34 years); 103 exploratory, 438 development |
| Crude Oil Production | Increased by 4.3% in Q4 FY 2023-24 compared to Q4 FY 2022-23 |
| Gas Production | Declined by 3% in Q4 FY 2023-24 compared to Q4 FY 2022-23 |
| Special Additional Excise Duty (SAED) | INR 34,907 crore paid in FY 2023-24 |
PROMOTER
ONGC is promoted by the Government of India, which holds a significant share in the company.
ONGC Balance Sheet
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Equity Capital | 6,290 | 6,290 | 6,290 | 6,290 |
| Reserves | 214,691 | 253,213 | 274,357 | 330,780 |
| Borrowings + | 133,187 | 121,986 | 142,255 | 153,181 |
| Other Liabilities + | 187,580 | 201,771 | 190,212 | 219,523 |
| Total Liabilities | 541,748 | 583,260 | 613,115 | 709,774 |
| Fixed Assets + | 104,466 | 111,050 | 119,836 | 153,801 |
| CWIP | 100,309 | 106,719 | 113,945 | 116,022 |
| Investments | 60,320 | 66,642 | 78,873 | 102,207 |
| Other Assets + | 276,653 | 298,848 | 300,461 | 337,744 |
| Total Assets | 541,748 | 583,260 | 613,115 | 709,774 |
Also Read: Infosys Ltd Share Price Predication 2024, 2025, 2026 to 2030 in Future Return?
| Compounded Sales Growth |
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Learn Extra
ONGC Share Price Target
Based on the company’s current performance, historical data, and market trends, the projected share price targets are as follows:
ONGC Share Price Target 2024
ONGC Share Price Target 2024: INR 175-185
- The share price might be in the range of INR 175-185.
ONGC Share Price Target 2025
ONGC Share Price Target 2025: INR 190-200
- The share price might be in the range of INR 190-200.
ONGC Share Price Target 2026
ONGC Share Price Target 2026: INR 205-215
- The share price might be in the range of INR 205-215.
ONGC Share Price Target 2030
ONGC Share Price Target 2030: INR 250-270
- The share price might be in the range of INR 250-270.
ONGC FAQ
What is the ONGC share price today?
The current share price of ONGC can be found on the NSE website or financial news platforms.
What is the ONGC share price on NSE?
The ONGC share price on the NSE is updated regularly and can be checked on the NSE website or financial news platforms.
What is the ONGC share price target?
The share price target for ONGC varies based on analysis. General estimates are provided for specific future years.
What is the ONGC share price target for 2025?
ONGC Share Price Target 2025: INR 190-200
The share price might be in the range of INR 190-200.
How can I find ONGC on the share screener?
You can use financial websites or apps like Moneycontrol, Screener.in, or others to search for ONGC and view detailed financial data and analysis.
Should I buy ONGC shares?
Whether or not to buy some shares in ONGC is a function of your long-term financial objectives and your tolerance to risks, coupled with the analysis of the market. One is advised to seek assistance from a financial advisor and arrive at a decision.
Stock market disclaimer
Note: Data obtained in our work is derived from our estimations that would mean please consult with certified financial advisors before making an investment decision stock market disclaimer.
