Overall Fundamental outlook

Business Operations:

Sector: Energy
Industry: Oil & Gas Integrated

Oil and Natural Gas Corporation Limited, together with its subsidiaries, engages in the exploration, development, and production of crude oil and natural gas in India and internationally. It operates through Exploration and Production, and Refining & Marketing segments. The company also engages in the refining and marketing of petroleum products; transportation of oil and natural gas; and production of liquefied petroleum gas, naphtha, ethane/propane, butane, kerosene oil, low sulphur heavy stock, aviation turbine fuel, mineral turpentine oil, carbon credits, and diesel. In addition, it generates wind power through a total installed capacity of 153.9 MW; and solar power through a total installed capacity of 39.52 MW, as well as generates geothermal power. The company was incorporated in 1993 and is based in New Delhi, India.

Revenue projections:

Revenue projections for ONGC
Revenue projections for ONGC

With ONGC's revenue expected to be lower than the previous year, investors may become cautious. Declining revenues often negatively impact the bottom line, reducing profitability and raising concerns among investors about the company's ability to maintain strong financial performance moving forward.

Financial Ratios:

currentRatio 0.874000
forwardPE 6.572041
debtToEquity 43.805000
earningsGrowth 0.050000
revenueGrowth -0.003000
grossMargins 0.192080
operatingMargins 0.109220
trailingEps 29.110000
forwardEps 37.350650

ONGC's low growth in both earnings and revenue signals a potential profit decline. This could be a sign of financial trouble, suggesting that the company's profitability might shrink in the near future.
Oil and Natural Gas Corporation Limited's negative gross and operating margins point to financial difficulties, as the company is incurring losses at both the production and operational levels. This suggests a potential decline in profitability and raises concerns about its financial outlook.
ONGC's forward EPS is higher than its trailing EPS, suggesting the company is expected to improve its profitability this financial year. This reflects growing confidence in ONGC's earnings potential, with forecasts indicating better financial performance than in the prior year.

Price projections:

Price projections for ONGC
Price projections for ONGC

Over time, Oil and Natural Gas Corporation Limited's price projections have steadily declined, reflecting reduced confidence in the company's future performance. The downward revisions suggest analysts are becoming more conservative in their assessments.

Recommendation changes over time:

Recommendations trend for ONGC
Recommendations trend for ONGC


A recent buy bias from analysts toward ONGC indicates strong confidence in the stock's future performance. This could encourage investors to park their money in ONGC, viewing it as a stable and potentially rewarding investment opportunity with promising long-term growth prospects.