ONGC share price today

Oil & Natural Gas Corpn Ltd's share price was ₹235.00 at the close on 4 November 2026. It has been falling for 15 weeks. That is 4.4% below its average price over the last 200 trading days.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Oil & Natural Gas Corpn Ltd is in stage 4. The phase helps read everything below.

In the last 52 weeks it traded between ₹221 and ₹304, and at that close it sat 17% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 1 week in a row.

Over the last 11 years the share price moved +63% while the NIFTY 500 moved +257%, so it is behind the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: profit fell in the June 2026 quarter, lowest operating margin in 15 quarters and foreign funds (FIIs) raised their stake for 4 quarters in a row.

1. Profit fell in the June 2026 quarter

   Profit was ₹6,554 crore, -43.3% on a year earlier (₹11,554 crore), after 4 quarters of growth.

   Why: Profit fell because the petrochemical plant OPAL swung to a loss after raw material costs rose and raw material availability fell.

   Next results: check whether OPAL's raw material costs ease and its SEZ exit adds the expected Rs 1,000 crore EBITDA.

   From the earnings call on 5 Aug 2026.

2. Lowest operating margin in 15 quarters

   Operating margin was 8% in the June 2026 quarter, against 16% a year earlier.

   Why: Margin fell because the petrochemical plant OPAL faced higher raw material costs and lower raw material availability.

   From the earnings call on 5 Aug 2026.

3. Foreign funds (FIIs) raised their stake for 4 quarters in a row

   From 7% to 8.6% of the company by the September 2026 quarter.

ONGC paid ₹13.25 a share in regular dividends in the 12 months to 5 November 2026 (3 payments), a yield of 5.64% at the ₹235.00 close on 4 November 2026. The last was a dividend of ₹1 a share, ex-date 4 September 2026.

ONGC dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Oil & Natural Gas Corpn Ltd paid out 22% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

For April to June 2026 (the quarter ended 30 June 2026), ONGC reported revenue of ₹2,04,987 crore, up 25.7% from ₹1,63,106 crore a year earlier, and a profit of ₹6,554 crore, down 43.3% from ₹11,554 crore.

ONGC results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

ONGC's management discussed these results on a call held on 5 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

ONGC closed at ₹235.00 on 4 November 2026, down 6.8% from ₹252.20 a year earlier (7 November 2025) and up 54.6% over five years. Its highest weekly close since February 2016 was ₹332.55 on 9 August 2024.

ONGC share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

564 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: ONGC closed at ₹235.00, up 4.3% on the week and up 5.7% on the month. 4 Sep 2026: ex-date for a dividend of ₹1 a share.

Earlier

• 5 Aug 2026: ONGC held its results call for April to June 2026. Management guided: FY27 standalone oil plus gas production about 39 MMT, with year-end oil near last year's level and gas higher by about 1 BCM; FY28 about 40 MMT, approximately 50-50 oil/gas.
• Results for April to June 2026: Revenue up 25.7% and profit down 43.3% on a year earlier.
• 18 Feb 2026: ex-date for an interim dividend of ₹6.25 a share.
• 14 Nov 2025: ex-date for an interim dividend of ₹6 a share.

On the call for April to June 2026, held on 5 August 2026, ONGC's management guided: FY27 standalone oil plus gas production about 39 MMT, with year-end oil near last year's level and gas higher by about 1 BCM; FY28 about 40 MMT, approximately 50-50 oil/gas.

“Therefore, we have to evaluate the total cost of re-entering the wells against the economics and the amount of oil we expect to gain from the work. The study is under way, and we will come out shortly with the development strategy.”Anupam Agarwal, on the call for April to June 2026

What management guided

• DUDP about 2 MMSCMD by December; CPP and Tapti/Daman add 1.3 and 0.5 MMSCMD, with some spillover; KG-98/2 above 3 MMSCMD by Q4 and 6-7 by January to March 2028.
• Western Offshore projects exceeding ₹40,000 crore remain under execution; production benefits expected in coming quarters from field work and TSP.
• Mahanadi deepwater well result expected by end-September; each deepwater well costs ₹800-1,000 crore or about $100 million.
• Mozambique production expected at end-2028 or early 2029, with ONGC share about 3 MMT; Venezuelan agreement and operatorship developments expected soon.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 5 August 2026.

When ONGC reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: KG-98/2 gas-well and CPP commissioning - check delivery against the guided gas ramp.

ONGC is on 4 of our India lists: Nifty 50 companies, 52 week high & low, Dividend stocks and Oil & gas stocks.

Oil & Natural Gas Corpn Ltd earned ₹6,554 Cr of net profit in the Jun 2026 quarter, −43.3% on the same quarter a year earlier. Full-year FY26 profit was ₹49,793 Cr. Over 10 years profit has grown 14.3% a year on average. That is 3.2% of the quarter's revenue. The same quarter a year earlier earned ₹11,554 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹49,793 Cr (+29.9% on the year before).

Why profit moved: revenue changed +25.7% on a year earlier and the margin moved −8.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed +15.0% and revenue +7.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Oil & Natural Gas Corpn Ltd reported ₹2,04,987 Cr of revenue in the Jun 2026 quarter, +25.7% on the same quarter a year earlier. That is the 3rd quarter in a row with growth on the year before. Over 10 years it has grown 17.2% a year on average. The last full year, FY26, came in at ₹6,08,663 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹7,04,122 Cr.

FY26 revenue was ₹6,08,663 Cr, −0.6% on the year before.

Recent pace: the last four quarters grew +7.1% on average, against 17.2% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +7.1%, against +3.6% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +11.7%, against −2.9% a year (accelerating).

Oil & Natural Gas Corpn Ltd's operating margin was 8.0% in the Jun 2026 quarter, 8.0 percentage points lower than the same quarter a year ago. Across 13 years it has been between 12.0% and 32.0%. The latest quarter is below every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −8.3 percentage points on the year while gross margin changed −13.1 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 211% of Oil & Natural Gas Corpn Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,12,719 Cr of operating cash against ₹49,793 Cr of profit. After ₹46,947 Cr of spending on assets, ₹65,772 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 211% of profit came in as cash: the cash cycle stayed about the same between FY21 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 1.9× depreciation over three years. The next section checks what that spending is building.

Oil & Natural Gas Corpn Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 48 days in FY26, down from 54 days in FY21. It spent ₹2,00,618 Cr on assets over the last 3 years. Customers take 13 days to pay, and stock sits for 119 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹6,08,663 Cr, each day of that cycle ties up about ₹1,668 Cr, so roughly ₹80,043 Cr is tied up in the business at any time.

FY26: customers took 13 days to pay and stock sat for 119 days, about 3.9 months of sales sitting as stock, for a full cycle of 48 days, shorter than FY21's 54.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 119 days. Customers pay about 13 days after that. Suppliers are paid at 84 days. Together that makes the 48-day cycle.

Spending on assets: ₹2,00,618 Cr over the last 3 years, against ₹1,03,037 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1,16,272 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Oil & Natural Gas Corpn Ltd's P/E is 6.8×, near the low end of its own history: it has been lower only 33% of the time. Its usual P/E (the middle reading) is 8.1×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.