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

The projected decline in ONGC's revenues compared to last year is expected to make investors cautious. A drop in revenue often has a direct negative effect on the company's bottom line, signaling potential challenges that could undermine investor confidence and reduce overall profitability.

Financial Ratios:

currentRatio 0.000000
forwardPE 5.963477
debtToEquity 50.462000
earningsGrowth -0.168000
revenueGrowth 0.003000
grossMargins 0.192320
operatingMargins 0.091180
trailingEps 31.000000
forwardEps 35.730000

Oil and Natural Gas Corporation Limited's low growth in both earnings and revenue indicates a likely decrease in profits. This suggests the company may be facing financial challenges, and investors should be cautious about its future performance.
With negative gross and operating margins, ONGC is facing losses at both the production and operational levels. This signals significant financial strain and may indicate that the company is struggling to manage costs effectively.
Oil and Natural Gas Corporation Limited's forward EPS is higher than its trailing EPS, suggesting the company is expected to see an increase in profitability this year. This points to positive growth, indicating that Oil and Natural Gas Corporation Limited is projected to improve its financial performance compared to the previous year.

Price projections:

Price projections for ONGC
Price projections for ONGC

The price of Oil and Natural Gas Corporation Limited has consistently remained close to the lower end of price projections. This trend may reflect uncertainty in the market regarding the company's ability to deliver on growth expectations.

Recommendation changes over time:

Recommendations trend for ONGC
Recommendations trend for ONGC


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