ONGC Share Price Target 2025, 2026, 2027 to 2030: We’ll analyze ONGC’s share targets for 2025, 2026, 2027, and 2030. As one of India’s largest energy corporations, ONGC plays a crucial role in the country’s oil and gas sector. With expanding exploration initiatives, government support, and a robust portfolio of assets, ONGC is well-positioned to benefit from rising energy demands and a gradual shift towards energy independence. Strong financials and investments in technology further support its growth potential, making ONGC a solid option for long-term investors.
Overview of Oil and Natural Gas Corporation Limited (ONGC)
What is ONGC?
Oil and Natural Gas Corporation Limited (ONGC) is India’s largest state-owned oil and gas exploration and production company, playing a critical role in the nation’s energy sector. Founded on August 14, 1956, and headquartered in Vasant Kunj, New Delhi, ONGC is responsible for approximately 70% of India’s domestic crude oil production and around 84% of its natural gas output. As a central public sector undertaking, ONGC is essential to India’s energy security and contributes significantly to the country’s oil and gas supply chain. The company has a notable presence in both domestic and international markets through its subsidiaries, including Hindustan Petroleum and ONGC Videsh Limited.
Key Features of ONGC:
- Business Model: ONGC focuses on the exploration, development, and production of oil and natural gas resources, both in India and internationally, through its subsidiaries and global partnerships.
- Core Offerings: The company’s operations encompass oil and gas exploration, refining, and distribution.
- Market Position: As the largest oil and gas producer in India, ONGC holds a critical role in meeting the nation’s energy demands, supporting energy security, and reducing reliance on imports.
- Revenue and Scale: With substantial revenues and extensive operations, ONGC contributes significantly to India’s energy landscape and the global energy sector.
Information about ONGC
| Information | Details |
|---|---|
| Website | ongcindia.com |
| Operator | ONGC Limited |
| Founded | 14 August 1956 |
| Headquarters | Vasant Kunj, New Delhi, India |
| Number of Employees | 25,847 (2024) |
| Revenue | ₹6.93 lakh crore INR (US$87 billion, 2023) |
| Subsidiaries | Hindustan Petroleum, ONGC Videsh Limited |
| Stock Symbol (NSE) | ONGC |
| Key Focus Areas | Oil and gas exploration, production, refining |
Current Market Overview of ONGC Share (ONGC)
As of November 2024, ONGC’s share has shown mixed performance. It is down by -0.7% today and has declined by -4.48% over the past week and -11.6% over the past month. Over the past three months, the share has fallen by -23.57%. However, it has experienced growth of +25.71% over the past year and a solid +58.94% over the past three years. Notably, over the past five years, the share has surged by +85.02%.
ONGC Share Fundamental Data
- Market Cap: ₹3,15,513 Cr.
- Current Price: ₹251
- High / Low: ₹345 / ₹188
- P/E Ratio: 7.57
- Book Value: ₹268
- Dividend Yield: 4.88%
- ROCE: 18.4%
- ROE: 16.3%
- Face Value: ₹5.00
The Market Position of ONGC Share as of November 2024
| Time Period | Returns of ONGC Share |
|---|---|
| Today | -0.7% |
| Past 1 Week | -4.48% |
| Past 1 Month | -11.6% |
| Past 3 Months | -23.57% |
| Past 1 Year | +25.71% |
| Past 3 Years | +58.94% |
| Past 5 Years | +85.02% |
ONGC Share Price Target in 2024, 2025, 2026, 2027, 2028, 2029, 2030
ONGC Share Price Target in 2024
The share price target for ONGC in 2024 is projected at ₹360, reflecting steady growth driven by its strong market position and key role in India’s energy sector.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹350 | ₹360 |
ONGC Share Price Target in 2025
In 2025, the share price target for ONGC is expected to rise to ₹410, supported by continued demand for oil and gas and the company’s ongoing exploration projects.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹400 | ₹410 |
ONGC Share Price Target in 2026
For 2026, the share price target for ONGC is projected at ₹550, driven by global energy trends and the company’s expanding production capacity.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹540 | ₹550 |
ONGC Share Price Target in 2027
By 2027, ONGC’s share price is expected to reach ₹690, benefiting from its strategic investments in exploration and its prominent position in India’s energy market.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹680 | ₹690 |
ONGC Share Price Target in 2028
In 2028, the share price target for ONGC is projected at ₹730, reflecting the company’s ongoing growth and strategic positioning in the global energy market.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹720 | ₹730 |
ONGC Share Price Target in 2029
ONGC’s share price target for 2029 is estimated at ₹780, driven by sustained production and a strengthening global oil market.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹770 | ₹780 |
ONGC Share Price Target in 2030
For 2030, the share price target for ONGC is projected to reach ₹870, reflecting its solid standing in the oil and gas sector and future growth potential.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹860 | ₹870 |
Financial Health and Performance Analysis of ONGC (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹6,03,669.06 Cr | -5.74% |
| Total Expenses | ₹5,27,568.59 Cr | -10.47% |
| Profit after Tax (PAT) | ₹49,221.38 Cr | +38.88% |
| Operating Profit Margin | 14.59% | +5.26% |
| Net Profit Margin | 8.32% | +2.72% |
| Basic EPS (₹) | ₹39.13 | +38.88% |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹6,40,400.05 Cr | +28.41% |
| Total Expenses | ₹5,89,245.41 Cr | +32.72% |
| Profit after Tax (PAT) | ₹35,440.48 Cr | -22.15% |
| Operating Profit Margin | 9.33% | -2.97% |
| Net Profit Margin | 5.60% | +0.30% |
| Basic EPS (₹) | ₹28.17 | -22.15% |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹4,98,707.43 Cr | +59.17% |
| Total Expenses | ₹4,43,975.34 Cr | +55.70% |
| Profit after Tax (PAT) | ₹45,522.11 Cr | +180.16% |
| Operating Profit Margin | 12.30% | +1.37% |
| Net Profit Margin | 9.26% | -0.22% |
| Basic EPS (₹) | ₹36.19 | +18.68% |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹3,13,324.00 Cr | -22.80% |
| Total Expenses | ₹2,85,152.49 Cr | -24.72% |
| Profit after Tax (PAT) | ₹16,248.69 Cr | +50.40% |
| Operating Profit Margin | 10.93% | +0.93% |
| Net Profit Margin | 5.34% | +2.00% |
| Basic EPS (₹) | ₹12.92 | +0.93% |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹4,05,839.59 Cr | -5.52% |
| Total Expenses | ₹3,78,781.81 Cr | +0.58% |
| Profit after Tax (PAT) | ₹10,803.60 Cr | -64.57% |
| Operating Profit Margin | 8.70% | – |
| Net Profit Margin | 2.72% | – |
| Basic EPS (₹) | ₹8.59 | – |
Analysis Summary:
- Total Revenue: ONGC has faced a decline in revenue by 5.74% in FY 2024, after experiencing significant growth of 28.41% in FY 2023. However, it has shown impressive growth in previous years.
- Total Expenses: Expenses have decreased by 10.47% in FY 2024, showcasing effective cost management despite rising costs in earlier years.
- Profit After Tax (PAT): ONGC recorded a substantial 38.88% increase in PAT in FY 2024, continuing strong growth despite a drop in the previous year.
- Operating Profit Margin: The operating profit margin increased to 14.59% in FY 2024, reflecting improved operational efficiency.
- Net Profit Margin: The net profit margin improved to 8.32% in FY 2024, a 2.72% increase from FY 2023.
- Basic EPS: The basic EPS rose sharply by 38.88% in FY 2024, indicating strong earnings growth.
How to Buy ONGC Shares:
- Choose a Broker: Select a trusted brokerage platform that offers ONGC shares.
- Open a Trading Account: Set up a trading and Demat account with the chosen broker.
- Complete KYC: Submit the required documents to verify your identity.
- Deposit Funds: Fund your account with the amount you wish to invest.
- Search for ONGC Shares: Look for ONGC shares on your brokerage platform.
- Place an Order: Enter the quantity of shares you wish to purchase and the type of order (market or limit).
- Confirm Purchase: Double-check the order details and confirm the purchase.
- Monitor Investment: Track your investment and adjust your portfolio as necessary.
ONGC Share Price Forecast for the Next 5 Years
ONGC is well-positioned to experience steady growth in the coming years, driven by strong demand for oil and gas, successful exploration projects, and strategic investments. As a leader in India’s energy sector, ONGC’s share price is expected to rise steadily over the next five years.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹350 | ₹360 |
| 2025 | ₹400 | ₹410 |
| 2026 | ₹540 | ₹550 |
| 2027 | ₹680 | ₹690 |
| 2028 | ₹720 | ₹730 |
Shareholding Pattern of ONGC
Promoters:
- Percentage: 58.89%
- % Change QoQ: 0.00%
Pledge:
- Percentage: 0.00%
- % Change QoQ: 0.00%
Foreign Institutional Investors (FII):
- Percentage: 8.12%
- % Change QoQ: -0.44%
Domestic Institutional Investors (DII):
- Percentage: 18.99%
- % Change QoQ: +0.28%
Mutual Funds (MF):
- Percentage: 7.94%
- % Change QoQ: +0.63%
Others:
- Percentage: 14.00%
- % Change QoQ: +0.16%
Pros and Cons of ONGC
Pros:
- Strong Promoter Holding: With over 58% of shares held by promoters, ONGC shows strong internal confidence in its long-term prospects.
- Solid Institutional Support: Both domestic and foreign institutional investors back the company, signaling robust market credibility.
- Significant Market Presence: ONGC is a leading player in the Gas & Petroleum sector, providing a stable foundation for future growth.
Cons:
- Declining FII Stake: There has been a slight decrease in Foreign Institutional Investors’ stake, which could reflect cautious sentiment from international investors.
- Concentrated Ownership: A large portion of ONGC’s shares is concentrated among promoters and institutions, limiting broader public ownership.
- Limited Dividend Payout: ONGC does not offer consistent dividends, which may be unattractive for income-seeking investors.
Peer Comparison of Oil Drilling / Allied Services: Crude Oil & Natural Gas Sector
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| O N G C | 250.80 | 315,513.40 |
| Oil India | 475.45 | 77,337.07 |
| Deep Industries | 478.75 | 3,064.00 |
| Hind.Oil Explor. | 188.77 | 2,496.36 |
| Asian Energy | 347.60 | 1,422.53 |
| Selan Expl. Tech | 838.15 | 1,273.99 |
| Aban Offshore | 61.77 | 360.52 |
FAQs:
Are companies in the Oil Drilling / Allied Services sector publicly traded?
Yes, many companies in the Oil Drilling / Allied Services sector are publicly traded and listed on major stock exchanges.
How can I track my Oil Drilling / Allied Services investment?
Investors can track their shares in companies within the Oil Drilling / Allied Services sector through their stock broker’s platform or by checking real-time updates on the stock exchange website.
Can I buy shares of companies in the Oil Drilling / Allied Services sector online?
Yes, shares of companies in the Oil Drilling / Allied Services sector can be purchased online through various stock broking platforms or mobile trading apps.
What is the Oil Drilling / Allied Services sector?
The Oil Drilling / Allied Services sector includes companies involved in the exploration, extraction, and production of crude oil and natural gas, along with related services such as offshore drilling and well maintenance.
How to buy shares in the Oil Drilling / Allied Services sector?
Shares in companies within the Oil Drilling / Allied Services sector can be bought through stock brokers or online trading platforms. Investors need to open a Demat account with a registered broker.
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