Valuation Oil and Natural Gas Corporation Limited

Equities

ONGC

INE213A01029

Oil & Gas Refining and Marketing

Market Closed - NSE India S.E. Other stock markets 06:22:22 05/03/2026 pm IST			5-day change	1st Jan Change
276.35 ^INR	-0.22%		-0.40%	+14.96%

08:26pm	ONGC Petro Additions says production and supply has been constrained at Dahej plant	RE
12:55pm	India's GAIL weighs supply cuts to gas customers after Petronet LNG force majeure	RE

Company Valuation: Oil and Natural Gas Corporation Limited

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	12,85,076	20,61,908	19,00,251	33,72,144	30,99,529	34,76,560	-	-
Change	-	60.45%	-7.84%	77.46%	-8.08%	12.16%	-	-
Enterprise Value (EV) ¹	22,57,174	30,17,538	29,84,025	44,85,144	43,30,786	47,12,090	45,66,790	44,42,498
Change	-	33.69%	-1.11%	50.31%	-3.44%	8.8%	-3.08%	-2.72%
P/E ratio	7.91x	4.53x	5.36x	6.85x	8.55x	8.34x	7.99x	7.47x
PBR	0.58x	0.79x	0.68x	1x	0.83x	0.93x	0.86x	0.8x
PEG	-	0x	-0.2x	0.2x	-0.3x	0.6x	1.82x	1.07x
Capitalization / Revenue	0.36x	0.39x	0.28x	0.52x	0.47x	0.56x	0.54x	0.51x
EV / Revenue	0.63x	0.57x	0.44x	0.7x	0.65x	0.76x	0.71x	0.65x
EV / EBITDA	3.99x	3.52x	3.95x	4.36x	4.38x	4.35x	4.05x	3.79x
EV / EBIT	9.43x	5.69x	5.85x	6.06x	8.07x	7.21x	6.84x	6.52x
EV / FCF	53.7x	6.77x	6.29x	7.31x	8.63x	7.21x	9.5x	8.17x
FCF Yield	1.86%	14.8%	15.9%	13.7%	11.6%	13.9%	10.5%	12.2%
Dividend per Share ²	3.6	10.5	11.25	12.25	12.25	11.95	12.82	13.65
Rate of return	3.52%	6.41%	7.45%	4.57%	4.97%	4.32%	4.64%	4.94%
EPS ²	12.92	36.19	28.17	39.13	28.8	33.14	34.6	37.01
Distribution rate	27.9%	29%	39.9%	31.3%	42.5%	36.1%	37%	36.9%
Net sales ¹	36,05,723	53,17,618	68,48,292	64,30,370	66,32,623	62,09,891	64,58,258	68,16,616
EBITDA ¹	5,66,015	8,57,668	7,55,270	10,28,354	9,88,575	10,84,094	11,27,419	11,72,218
EBIT ¹	2,39,275	5,29,905	5,09,699	7,40,727	5,36,547	6,53,393	6,67,774	6,80,857
Net income ¹	1,62,487	4,55,221	3,54,405	4,92,214	3,62,256	4,28,023	4,45,366	4,73,096
Net Debt ¹	9,72,098	9,55,630	10,83,774	11,13,001	12,31,256	12,35,530	10,90,230	9,65,938
Reference price ²	102.15	163.90	151.05	268.05	246.38	276.35	276.35	276.35
Nbr of stocks (in thousands)	1,25,80,279	1,25,80,279	1,25,80,279	1,25,80,279	1,25,80,279	1,25,80,279	-	-
Announcement Date	24/06/21	28/05/22	26/05/23	20/05/24	21/05/25	-	-	-

¹INR in Million²INR

Estimates

P/E ratio, Detailed evolution

Sector Comparison:

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
OIL AND NATURAL GAS CORPORATION LIMITED	8.36x	0.76x	4.35x	4.32%	3.78TCr
EXXON MOBIL CORPORATION	20.75x	2.04x	9.79x	2.77%	62TCr
RELIANCE INDUSTRIES LTD	21.79x	2.03x	11.09x	0.45%	20TCr
CHINA PETROLEUM & CHEMICAL CORPORATION	14.74x	0.41x	6.69x	4.88%	12TCr
BP PLC	14.09x	0.71x	3.61x	5.11%	9.88TCr
SUNCOR ENERGY INC.	21.01x	2.13x	7.13x	3.09%	6.79TCr
VALERO ENERGY CORPORATION	16.1x	0.65x	8.9x	2.12%	6.75TCr
PHILLIPS 66	13.62x	0.62x	8.92x	3.02%	6.6TCr
MARATHON PETROLEUM CORPORATION	15.14x	0.77x	7.6x	1.82%	6.51TCr
IMPERIAL OIL LIMITED	24.16x	1.62x	12.3x	2.03%	5.78TCr
Average	16.98x	1.17x	8.04x	2.96%	14.03TCr
Weighted average by Cap.	18.91x	1.57x	8.91x	2.75%