Oil & Natural Gas Corporation logo

Oil & Natural Gas Corporation share price

NSE: ONGCBSE: 500312OilLarge Cap

Oil & Natural Gas Corporation Limited · Formerly Oil & Natural Gas Corpn · Face value ₹5 · Listed Jul 1995
Last close ₹229.85up ₹1.41 (0.62%)BSE ₹229.00

Share price at the NSE close on 27 Oct 2026. Previous close ₹228.44.

27 Oct: open ₹227.30, high ₹229.85, low ₹225.74

52-week range of traded prices to 27 Oct 2026
₹218.53Low, 8 Oct 2026₹307.50High, 29 Apr 2026
Market cap
₹2,89,158 Cr24th largest listed
P/E
6.64
P/B
0.78
Dividend yield
5.76%
ROE
12.2%
ROCE
10.0%
Debt to equity
0.35
Volume, NSE
2,11,72,13382.0% delivered

Oil & Natural Gas Corporation share price chart

Daily closes since Jan 2007, adjusted for splits and bonuses

−9.2%over a year · Nifty Oil & Gas −10.7% · Nifty 500 −8.8%

ResultsDividend20-session average 1,12,02,877 shares a day, 63.3% delivered

About Oil & Natural Gas Corporation

Oil & Natural Gas Corporation Limited (ONGC) explores for and produces crude oil and natural gas, and sells them along with value-added products such as LPG and naphtha (a light oil used for petrochemicals).123 It is based in India, and most of its own revenue comes from public sector companies.4 Through subsidiaries, the group refines and markets fuels, makes petrochemicals, produces oil and gas outside India and generates renewable power.15

ONGC reports its own results in Offshore and Onshore segments.6 Its main subsidiaries are ONGC Videsh (100% owned), Hindustan Petroleum Corporation (54.90%), Mangalore Refinery and Petrochemicals (71.63%), ONGC Petro additions (95.69%) and ONGC Green (100%).7 ONGC Videsh holds stakes in 29 oil and gas projects across 14 countries, Hindustan Petroleum and Mangalore Refinery refine crude oil, and ONGC Petro additions runs a petrochemical plant at Dahej.8910 ONGC also holds 12.50% of Petronet LNG, which runs terminals at Dahej and Kochi that receive and regasify liquefied natural gas (LNG, natural gas cooled to a liquid for shipping).11

It was incorporated in 1993 and has its registered office in New Delhi.12 The Government of India is its promoter and contributed its equity between 1959 and 1981.13 It is a Maharatna company, a status the government gives its largest public sector enterprises with more freedom to invest, under the Ministry of Petroleum and Natural Gas.14

Oil & Natural Gas Corporation key points

Results

  • In the quarter to Jun 2026, the ONGC group's consolidated profit after tax was ₹6,554 crore, after a ₹12,265 crore net loss at Hindustan Petroleum from under-recoveries (selling fuel below cost) as crude prices rose in the West Asia crisis, the company said.15
  • On a standalone basis (ONGC alone), gross revenue in the quarter to Jun 2026 was ₹46,460 crore, up more than 45% on a year earlier, and profit after tax ₹17,034 crore, up more than 112%.16
  • In the year to Mar 2026, consolidated revenue from operations was ₹6,62,247 crore and EBITDA (earnings before interest, tax, depreciation and amortisation) ₹1,15,476 crore; profit after tax, the group's total including minority owners' share, rose to ₹49,793 crore from ₹38,329 crore.171819
  • On a standalone basis, ONGC's revenue from operations in the year to Mar 2026 was ₹13,25,081 million, against ₹13,78,463 million a year earlier, on lower crude oil prices, and profit after tax ₹3,28,940 million, against ₹3,56,103 million.20

Market position

  • Including its joint ventures' share, ONGC produced 64.4% of India's domestic oil and gas in the year to Mar 2026.21
  • ONGC holds 68% of the deepwater exploration area awarded up to OALP-IX, the ninth round of the government's Open Acreage Licensing Policy.22

Production and reserves

  • ONGC group oil and gas production, 50.1 million tonnes of oil equivalent (MMToE) in all, including overseas assets23
    Itemyear to Mar 2026
    ONGC38.86 MMToE
    Joint ventures1.61 MMToE
    ONGC Videsh (overseas)9.67 MMToE
  • ONGC group's estimated 2P reserves (proved plus probable oil and gas), 1,228 MMToE in all, from its review of the year to Mar 202624
    Itemyear to Mar 2026
    ONGC698 MMToE
    Joint venture share11 MMToE
    ONGC Videsh519 MMToE
  • In the quarter to Jun 2026, revenue from ONGC's new-well gas (gas from newly drilled wells) reached nearly ₹4,000 crore, about ₹1,900 crore above the government-administered price. New-well gas made up about 38% of revenue from its nomination gas fields (those the government assigned it).25

Where revenue comes from

  • Consolidated revenue by where customers are located26
    Itemyear to Mar 2026year to Mar 2025
    India₹61,01,835.00 million₹59,18,484.70 million
    Other countries, including special economic zones₹5,20,638.17 million₹7,14,121.12 million

Plants and capacity

  • Hindustan Petroleum runs refineries at Mumbai (9.5 million tonnes a year, MMTPA) and Visakhapatnam (15.0 MMTPA); Mangalore Refinery runs a single 15 MMTPA refinery and an aromatics complex able to make 0.905 MMTPA of para-xylene and 0.273 MMTPA of benzene.27

Expansion and capital spending

  • Capital spending across the ONGC group was ₹6,11,308 million in the year to Mar 2026. On a standalone basis, ONGC's own was ₹3,58,784 million.28
  • In its presentation of 31 Aug 2026, the company said it plans standalone capital spending of ₹30,000 crore in the year to Mar 2027.29
  • In its presentation of 31 Aug 2026, the company said 26 major projects of over ₹100 crore each were under way, worth about ₹57,753 crore, with an envisaged gain of 65.8 MMToE over their lives.30

What the company expects

  • The company said on its earnings call for the quarter to Jun 2026 that it expects standalone oil and gas output, excluding joint ventures, of about 39 million tonnes in the year to Mar 2027 and 40 million tonnes the year after.3132
  • In its presentation of 31 Aug 2026, the company said it targets 87 deepwater and ultra-deepwater wells by the year to Mar 2031 under Samudra Manthan, the national offshore exploration scheme for which the Government of India has approved ₹84,084 crore.33
  • In its presentation of 31 Aug 2026, the company said it aims for 10 GW (gigawatts) of renewable capacity by 2030, from 2.853 GW now, and net zero Scope 1 and 2 emissions (from its operations and the energy it buys) by 2038.34
  • In its presentation of 31 Aug 2026, the company said first gas from ONGC Videsh's Area-1 Mozambique LNG project is expected in 2028; force majeure (a halt for events beyond the partners' control) there was lifted from 7 Nov 2025.3536

Recent events

  • ONGC Petrochemicals Marketing Limited, owned 50:25:25 by ONGC, Mangalore Refinery and ONGC Petro additions for integrated marketing and trading of petrochemicals, chemicals and kindred products, was incorporated on 7 Oct 2026.37
  • On 9 Jul 2026, ONGC's board gave in-principle approval to develop 1.75 million tonnes of strategic petroleum reserves (emergency crude oil storage) at Mangalore, as directed by the Ministry of Petroleum and Natural Gas.38
  • On 25 Jun 2026, ONGC appointed bp as technical services provider (an outside expert advising on raising output) for its Western Offshore Basin fields, after a Mumbai High contract of February 2025; ONGC keeps ownership and operational control.3940
  • ONGC Videsh formalised its 20% stake in Sakhalin-1 LLC, the Russian-incorporated company that took over the Sakhalin-1 oil and gas project, on 5 Dec 2025.4142

Last updated

All 42 sources, each with its page
  1. 1. Annual report, 7 Aug 2026, page 614
  2. 2. Annual report, 7 Aug 2026, page 99
  3. 3. Exchange filing, 25 Jun 2026, page 3
  4. 4. Annual report, 7 Aug 2026, page 382
  5. 5. Annual report, 7 Aug 2026, page 476
  6. 6. Annual report, 7 Aug 2026, page 381
  7. 7. Annual report, 7 Aug 2026, page 155
  8. 8. Annual report, 7 Aug 2026, page 23
  9. 9. Annual report, 7 Aug 2026, page 122
  10. 10. Annual report, 7 Aug 2026, page 123
  11. 11. Annual report, 7 Aug 2026, page 124
  12. 12. Annual report, 7 Aug 2026, page 2
  13. 13. Investor presentation, 31 Aug 2026, page 3
  14. 14. Annual report, 7 Aug 2026, page 99
  15. 15. Earnings call, 4 Aug 2026, page 3
  16. 16. Earnings call, 4 Aug 2026, page 3
  17. 17. Investor presentation, 31 Aug 2026, page 8
  18. 18. Investor presentation, 31 Aug 2026, page 9
  19. 19. Annual report, 7 Aug 2026, page 71
  20. 20. Annual report, 7 Aug 2026, page 23
  21. 21. Investor presentation, 31 Aug 2026, page 8
  22. 22. Investor presentation, 31 Aug 2026, page 16
  23. 23. Investor presentation, 31 Aug 2026, page 8
  24. 24. Investor presentation, 31 Aug 2026, page 8
  25. 25. Earnings call, 4 Aug 2026, page 4
  26. 26. Annual report, 7 Aug 2026, page 614
  27. 27. Annual report, 7 Aug 2026, page 122
  28. 28. Annual report, 7 Aug 2026, page 23
  29. 29. Investor presentation, 31 Aug 2026, page 6
  30. 30. Investor presentation, 31 Aug 2026, page 15
  31. 31. Earnings call, 4 Aug 2026, page 5
  32. 32. Earnings call, 4 Aug 2026, page 6
  33. 33. Investor presentation, 31 Aug 2026, page 17
  34. 34. Investor presentation, 31 Aug 2026, page 18
  35. 35. Investor presentation, 31 Aug 2026, page 23
  36. 36. Annual report, 7 Aug 2026, page 422
  37. 37. Exchange filing, 8 Oct 2026, page 1
  38. 38. Exchange filing, 9 Jul 2026, page 1
  39. 39. Exchange filing, 25 Jun 2026, page 1
  40. 40. Exchange filing, 25 Jun 2026, page 2
  41. 41. Annual report, 7 Aug 2026, page 23
  42. 42. Annual report, 7 Aug 2026, page 676
Revenue growth, 12 months
+7.0%
Net profit growth, 12 months
+20.8%

Quarter to Jun 2026, against the quarter before

Revenue
₹2,04,987 Crup 17.94%
Net profit
₹6,554 Crdown 52.08%
Net margin
3.2%

Revenue by quarter

₹1,58,329 CrSep 24₹1,66,097 CrDec 24₹1,70,812 CrMar 25₹1,63,108 CrJun 25₹1,57,911 CrSep 25₹1,67,423 CrDec 25₹1,73,805 CrMar 26₹2,04,987 CrJun 26
Peak revenue ₹2,04,987 Cr, quarter to Jun 2026; lowest ₹1,57,911 Cr, quarter to Sep 2025

Net profit by quarter, a loss in red

₹9,878 CrSep 24₹9,784 CrDec 24₹8,856 CrMar 25₹11,554 CrJun 25₹12,615 CrSep 25₹11,946 CrDec 25₹13,678 CrMar 26₹6,554 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,58,3291,66,0971,70,8121,63,1081,57,9111,67,4231,73,8052,04,987
Net profit9,8789,7848,85611,55412,61511,94613,6786,554
Net margin6.2%5.9%5.2%7.1%8.0%7.1%7.9%3.2%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • In India - Refining & Marketing₹5,84,346 Crup 1.39%79.1%
  • In India - E&P - Offshore₹92,406 Crdown 3.37%12.5%
  • In India - E&P - Onshore₹39,778 Crdown 5.05%5.4%
  • In India - Petrochemicals₹14,214 Crdown 4.01%1.9%
  • Outside India₹8,443 Crdown 35.03%1.1%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Oil & Natural Gas Corporation PE ratio and valuation

Price to earnings

At or below today's level on 37% of 2,248 trading days over the last 10 years.

LowestHighest
Its median7.42Industry median20.53
Price to book

At or below today's level on 41% of 1,977 trading days since Nov 2018.

LowestHighest
Its median0.81Industry median1.50
Dividend yield

At or below today's level on 73% of 2,478 trading days over the last 10 years.

LowestHighest
Its median4.94%Industry median0.38%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+20.2%+14.3%+1.0%4.7%
3 years+28.3%+5.3%+17.3%4.7%
5 years+28.4%+20.6%+1.8%5.6%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Oil & Natural Gas Corporation shareholding pattern

Shareholding by group

  • Promoters58.89%
  • Foreign institutions8.56%
  • Indian institutions18.66%
  • Governments10.30%
  • Individuals and others3.60%
Holder
PRESIDENT OF INDIAPromoter58.89%
LIFE INSURANCE CORPORATION OF INDIAInsurance companies10.33%
INDIAN OIL CORPORATION LIMITEDGovernment-promoted companies7.84%
GAIL (INDIA) LIMITEDGovernment-promoted companies2.45%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Jun 2026: promoters unchanged, foreign institutions +0.55 pts, Indian institutions −0.65 pts, mutual funds −0.84 pts.

Mutual fund holdings

344 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 181 of the 224 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 344 funds holding Oil & Natural Gas Corporation

Bought for the first time
2
Bought again
4
Added
122
Cut
102
Held unchanged
110
Sold out
10
Fund
Nippon India Mutual Fund logoCPSE ETFNippon India Mutual Fund10,94,56,00113.26%₹2,471.5 Cr
SBI Mutual Fund logoSBI Nifty 50 ETFSBI Mutual Fund7,53,34,8490.84%₹1,701.1 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Value FundICICI Prudential Mutual Fund4,01,16,0581.58%₹905.8 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Large Cap FundICICI Prudential Mutual Fund3,32,59,6790.98%₹751.0 Cr
SBI Mutual Fund logoSBI Energy Opportunities FundSBI Mutual Fund2,73,10,2767.74%₹616.7 Cr
UTI Mutual Fund logoUTI Nifty 50 ETFUTI Mutual Fund2,58,35,8550.84%₹583.4 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Multi Asset Allocation FundICICI Prudential Mutual Fund2,42,19,3550.65%₹546.9 Cr
Nippon India Mutual Fund logoNippon India ETF Nifty 50 BeESNippon India Mutual Fund2,41,84,7460.84%₹546.1 Cr
SBI Mutual Fund logoSBI Contra FundSBI Mutual Fund2,38,96,6621.20%₹539.6 Cr
ICICI Prudential Mutual Fund logoBharat 22 ETFICICI Prudential Mutual Fund2,23,35,1725.27%₹502.5 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Oil & Natural Gas Corporation competitors and peers

Oil, 22 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Oil & Natural Gas Corporation in market cap.Oil and gas companies

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Oil India logoOil IndiaOIL74,3938.911.28+15.8%+27.3%15.5%11.1%2.51%
Aegis Vopak Terminals logoAegis Vopak TerminalsAEGISVOPAK26,049–5.85–––7.0%0.09%
Vedanta Oil and Gas logoVedanta Oil and GasVOGL11,074––––––0.00%
Deep Industries logoDeep IndustriesDEEPINDS4,26020.632.13+48.8%–10.8%13.8%0.38%
Antelopus Selan Energy logoAntelopus Selan EnergyANTELOPUS3,85121.615.02+82.9%+210.1%26.3%30.7%0.00%
Prabha Energy logoPrabha EnergyPRABHA2,7182,475.95–––0.3%−0.1%0.00%
Dolphin Offshore Enterprises (India) logoDolphin Offshore Enterprises (India)DOLPHIN2,35832.746.67+73.9%+43.3%23.0%11.5%0.00%
Hindustan Oil Exploration Company logoHindustan Oil Exploration CompanyHINDOILEXP2,07182.481.50−17.8%−83.2%1.9%−0.1%0.00%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Oil & Natural Gas Corporation dividend history

Dividend per share, ₹, restated for later splits and bonuses

6.1Mar 176.6Mar 187Mar 195Mar 203.6Mar 2111Mar 2211Mar 2312Mar 2412Mar 2513Mar 26
Highest ₹13.25 a share, year to Mar 2026.
Ex-dateTypePer share
4 Sep 2026Final₹1.00
18 Feb 2026Interim₹6.25
14 Nov 2025Interim₹6.00
4 Sep 2025Final₹1.25
7 Feb 2025Interim₹5.00
19 Nov 2024Interim₹6.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Oil & Natural Gas Corporation announcements

Oil & Natural Gas Corporation share price by year

Each calendar year to 2025.Oil & Natural Gas Corporation share price history

YearClose at year endChangeHighest closeLowest close
2025240.38+0.5%271.33219.84
2024239.25+16.7%341.75205.35
2023205.05+39.7%208.30143.45
2022146.75+3.1%186.95120.95
2021142.40+53.0%168.1088.30
202093.05−27.8%128.4560.00
2019128.80−14.1%177.00116.95
2018149.90−23.2%210.85137.10
2017195.20+2.0%204.90156.95
2016191.35+18.7%208.00127.67
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
26 Oct 2026226.25228.90224.66228.44227.1863,76,00749.1%
23 Oct 2026225.70227.50223.69227.50225.071,29,49,87959.9%
22 Oct 2026225.62226.20224.00225.00225.2897,14,77365.0%
21 Oct 2026226.25227.20223.99225.62225.3384,11,04661.0%
19 Oct 2026223.00226.25223.00225.00224.5052,62,09143.9%
16 Oct 2026224.60224.99221.97222.00223.191,09,84,56673.3%
15 Oct 2026224.65227.16222.85224.64225.1364,58,21155.3%
14 Oct 2026222.90225.50222.14225.50224.3097,90,96260.7%
13 Oct 2026221.20222.65219.02222.65221.5158,93,75861.5%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
15 Dec 2016Bonus0.6667Holders received 1 bonus share for every 2 held.
8 Feb 2011Bonus0.5000Holders received 1 bonus share for every 1 held.
8 Feb 2011Split0.5000Each share became 2.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

Chairperson and chief executive
ARUN KUMAR SINGH
At the end of the quarter to Jun 2026
NSE symbol
ONGC
BSE code
500312
ISIN
INE213A01029
Industry
Oil
CIN
L74899DL1993GOI054155
Corporate identity number, the registrar of companies' code for it
Incorporated
1993
Registered office
5, Nelson Mandela Marg, Vasant Kunj, New Delhi 110070, Delhi
Share registrar
Alankit Assignments Ltd
Keeps the register of shareholders and handles transfers and dividend payments
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