Oil and Natural Gas Corporation(NSE: ONGC), the country’s leading company in the oil and gas sector, has released its December quarter results.
Compared to the year before the company has experienced decreases in both revenue and profits for the quarters of the business.
During the quarter, the company reported a decline in the production of both oil and gas as compared to last year.
In addition to the numbers in the report, the company has made public the dividend for the second quarter.
The results have been released late on Saturday night.
How Were The Quarterly Results?
According to the information given by the company, the consolidated profit in the December quarter has declined by 7.9 percent compared to last year to Rs 10748 crore.
However, the total profit for the first three quarters of the financial year increased by 65 percent to Rs 44685 crore as compared to the same period last year.
According to the company, the total consolidated income of the company in the third quarter was Rs 1,65,569 crore,
which is 2.2 percent less as compared to Rs 1,69,213 crore in the third quarter of last year. The overall income in the three first quarters was 8.5 percent, compared to the same period in the previous year.
How Was Business
The company has reported a decline in its production on a year-on-year basis.
The total crude oil production of the company was 5.219 MMT which was 3.3 percent less than last year.
Whereas gas production was 5.125 BCM with a decline of 4.3 percent compared to last year.
Declaration Of Dividend
Along with the quarterly results, ONGC has announced a dividend of Rs 4 per share to its investors, which is the second interim dividend distributed for this financial year.
The company is expected to spend the sum of Rs 5032 crore for dividends. The date of the record for dividends has been set at 17 February 2024.
ONGC had earlier given a dividend of Rs 5.75 per share to its investors in November 2023.
That means in the current financial year the company has announced to give a total dividend of Rs 9.75 per share to the investors.
In the Monday morning trading session, the price was Rs 261.40 a decrease of 2.32 percent.
About ONGC
Oil and Natural Gas Corporation Ltd is an Indian company. It’s involved in the development, production, and exploration of petroleum as well as natural gas.
The company is active in offshore and onshore fields across the globe through the use of joint partnerships or joint ventures.
The production of crude oil constitutes the primary source of income for the company and its Russian assets are the biggest production source.
Apart from its exploration as well as production aspects, it also focuses on refining and transporting hydrocarbons.
Oil and Natural Gas Corporation Ltd is a company of the public sector that is controlled by the Indian Government of India.
Fundamental Analysis of ONGC
| Market Cap | ₹ 3,29,163 Cr. |
| Current Price | ₹ 262 |
| 52-wk High | ₹ 276 |
| 52-wk Low | ₹146 |
| Stock P/E | 7.18 |
| Book Value | ₹ 246 |
| Dividend | 4.20 % |
| ROCE | 13.9 % |
| ROE | 14.1 % |
| Face Value | ₹ 5.00 |
| P/B Value | 1.09 |
| OPM | 15.3 % |
| EPS | ₹ 33.3 |
| Debt | ₹ 1,43,496 Cr. |
| Debt to Equity | 0.46 |
Oil and Natural Gas Corporation (ONGC) Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹235 | ₹305 |
| 2025 | ₹310 | ₹368 |
| 2026 | ₹405 | ₹475 |
| 2027 | ₹500 | ₹624 |
| 2028 | ₹650 | ₹780 |
| 2029 | ₹800 | ₹1100 |
| 2030 | ₹1150 | ₹1370 |
ONGC Shareholding Pattern
| Promoters Holding | |
| Dec 2022 | 58.89% |
| Mar 2023 | 58.89% |
| June 2023 | 58.89% |
| Sept 2023 | 58.89% |
| Dec 2023 | 58.89% |
| FII Holding | |
| Dec 2022 | 8.43% |
| Mar 2023 | 7.97% |
| June 2023 | 8.11% |
| Sept 2023 | 8.38% |
| Dec 2023 | 9.20% |
| DII Holding | |
| Dec 2022 | 19.27% |
| Mar 2023 | 19.87% |
| June 2023 | 19.84% |
| Sept 2023 | 19.58% |
| Dec 2023 | 18.73% |
| Govt. Holding | |
| Dec 2022 | 10.30% |
| Mar 2023 | 10.30% |
| June 2023 | 10.30% |
| Sept 2023 | 10.30% |
| Dec 2023 | 10.30% |
| Public Holding | |
| Dec 2022 | 3.10% |
| Mar 2023 | 2.94% |
| June 2023 | 2.87% |
| Sept 2023 | 2.83% |
| Dec 2023 | 2.89% |
ONGC Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
| 2019 | ₹ 421,624 Cr |
| 2020 | ₹ 396,728 Cr |
| 2021 | ₹ 303,849 Cr |
| 2022 | ₹ 491,246 Cr |
| 2023 | ₹ 640,333 Cr |
Last 5 Years’ Net Profit:
| 2019 | ₹ 33,938 Cr |
| 2020 | ₹ 11,456 Cr |
| 2021 | ₹ 21,360 Cr |
| 2022 | ₹ 49,294 Cr |
| 2023 | ₹ 50,386 Cr |
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 0.47 |
| 2020 | 0.51 |
| 2021 | 0.5 |
| 2022 | 0.42 |
| 2023 | 0.46 |
Last 10 Years’ Profit Growth:
| 10 Years: | 5% |
| 5 Years: | 12% |
| 3 Years: | 37% |
| Current Year: | 17% |
Last 10 years’ Return on Equity (ROE):
| 10 Years: | 12% |
| 5 Years: | 13% |
| 3 Years: | 14% |
| Last Year: | 14% |
Sales Growth Over 10 Years:
| 10 Years: | 15% |
| 5 Years: | 14% |
| 3 Years: | 17% |
| Current Year: | -5% |
Conclusion
This article is a complete guide about ONGC Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, these informations will help you in your further investment.
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