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

ONGC's revenue is forecasted to dip below last year's figures, raising concerns for investors who are typically wary of declining financial performance. Such drops can directly affect the company's bottom line, potentially leading to a decrease in overall profitability, making investors more cautious in their decisions.

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 indicates potential profit shrinkage. This downward trend could be a sign of weakening financial health, signaling challenges for the company's future profitability.
ONGC's negative gross and operating margins indicate that the company is unprofitable, struggling to cover its production and operational costs. This reflects potential weaknesses in cost management or declining sales performance.
ONGC's forward EPS being higher than its trailing EPS points to expected growth in profitability. This suggests that the company is projected to perform better in the current financial year, with higher earnings forecasted compared to the previous year.

Price projections:

Price projections for ONGC
Price projections for ONGC

ONGC's price projections have been steadily revised down, pointing to declining confidence in the company's outlook. This suggests that analysts are becoming more conservative in their expectations for ONGC's future performance.

Recommendation changes over time:

Recommendations trend for ONGC
Recommendations trend for ONGC


The analysts' recent buy bias for Oil and Natural Gas Corporation Limited indicates strong confidence in the stock's future performance. This could encourage more investors to view Oil and Natural Gas Corporation Limited as a worthwhile investment, positioning the company as a top choice for those seeking financial security and long-term growth opportunities.