Oil & Natural Gas Corpn Ltd
ONGCOil & Natural Gas Corpn Ltd is cheap for a reason. The P/E sits at the 31st percentile of its own range, and the quarters are still getting worse.
The sharpest disagreement: the P/E sits at the 31st percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn.
The price is in a downtrend (8 weeks in) while the P/E sits at the 31st percentile of its own 11-year range. Underneath, the last four quarters read deteriorating — profit −43.3% year on year, and 211% of the last 3 years' profit arrived as cash. What settles it: whether the quarters turn before the discount closes.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Oil & Natural Gas Corpn Ltd trades at ₹233, in a downtrend and 8 weeks into that stage. That is −8.0% against its own 200-day average. It sits at 0% of a 52-week range of ₹232 to ₹300. On relative strength it is currently behind the NIFTY 500 on a trailing-13-week view (21 weeks and counting).
Today the stock is in a downtrend — week 8 of stage 4, confirmed. At ₹233 it trades −8.0% versus its 200-day average and sits at 0% of its 52-week range (₹232–₹300).
Against the market, two honest reads. Cumulative: over the last 10.5 years the stock moved +61% while the NIFTY 500 moved +273% — behind the index over the full window. Recent form: on a trailing-13-week view the stock is currently behind (21 weeks and counting; last ahead the week of 2026-05-22) — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Oil & Natural Gas Corpn Ltd trades at 6.7× P/E, near the bottom of its own range — cheaper only 31% of the time. Its long-run median P/E is 8.2×, measured across 10.6 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 6.7× is near the bottom of its own range — cheaper only 31% of the time, against a long-run median of 8.2× measured over 10.6 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Why the multiple sits where it does: over the past year annual EPS moved +14.3% against a −0.3% price move — earnings outran the price, pushing the multiple DOWN its own range.
The price move, decomposed: over 5y, of the +13.7%/yr price move, ~+15.4%/yr came from earnings growth and ~−1.7 pp from the multiple (compressing); over 10y, of the +3.2%/yr price move, ~+9.3%/yr came from earnings growth and ~−6.1 pp from the multiple (compressing). The split is the honest approximate (price return minus earnings growth); it makes the rally itself visible instead of hiding it behind the percentile.
Put together: the multiple is low against its own past, so the story rests on the earnings line underneath it, not the multiple.
The PEG ratio and its quarterly curve, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 7.6% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 13 June 2026 price, Oil & Natural Gas Corpn Ltd was paying for profit growth of about −1.4% a year. Profit itself has compounded 14.3% a year over the past 10 years. Today the market pays 6.7× P/E, the 31st percentile of its own 11-year range.
What the two numbers say together. The multiple is low against its own past, and the growth the price is paying for is below what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 13 June 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Turning around Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Oil & Natural Gas Corpn Ltd reads as turning around on its fundamental arc. Turning around — EPS growth swung from −18.8% at the trough to +20.7%, a 4-quarter improving streak, ROCE holding at 14.0%. The read is built from 8 quarters across 4 curves, on partial evidence.
Why it matters: growth inflections are where re-ratings start — the curves say a turn is forming, so the question becomes whether the next quarters confirm it.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | −0.6% | −1.3% | +14.9% | +17.2% |
| Profit | +29.9% | +15.0% | +18.4% | +14.3% |
| EPS | +14.3% | +5.3% | +20.5% | +12.6% |
| Share price | −0.3% | +8.0% | +13.7% | +3.2% |
4-Factor Sector Score
39.8/100 — rank 8 of 10 in Oil Drilling & Exploration · 82% evidence confidence
Oil & Natural Gas Corpn Ltd scores 39.8 out of 100 against the 10 companies it is compared with in Oil Drilling & Exploration, ranking 8. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 14.1 + 13.1 + 12.6 + 0 = 39.8. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
Revenue Revenue is the top line: everything the company billed its customers in the period.
Oil & Natural Gas Corpn Ltd reported ₹2,04,987 Cr of revenue in the Jun 26 quarter, +25.7% year on year. That is the 3rd straight quarter of year-on-year growth. Over 10 years it has compounded at 17.2% a year. The last full year, FY26, came in at ₹6,08,663 Cr. The last four reported quarters add to ₹7,04,122 Cr.
FY26 revenue came in at ₹6,08,663 Cr (−0.6% on the year), capping 10 years at 17.2% compound. The latest quarter (Jun 26) printed ₹2,04,987 Cr, +25.7% year on year — the 3rd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +7.1% growth against the decade's 17.2% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +7.1% over the last 4 quarters against +3.6%/yr over the last 8 — accelerating; TTM profit +11.7% vs −2.9%/yr — accelerating.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Oil & Natural Gas Corpn Ltd's operating margin is 8.0% in the Jun 26 quarter, −8.0 percentage points against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 12.0% to 32.0%. The current quarter is running below every full year in that window.
The latest quarter's operating margin is 8.0%, −8.0 pp against the same quarter a year ago. Across 13 fiscal years the operating margin has ranged 12.0%–32.0%.
🚨 Why the margin moved: operating margin went −8.3 pp year on year while gross margin went −13.1 pp — the loss came mostly from the gross line: input costs and pricing.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Oil & Natural Gas Corpn Ltd earned ₹6,554 Cr of net profit in the Jun 26 quarter, −43.3% year on year. Full-year FY26 profit was ₹49,793 Cr. The 10-year compound rate is 14.3%. That is 3.2% of the quarter's revenue. The same quarter a year earlier earned ₹11,554 Cr.
Jun 26 profit was ₹6,554 Cr, −43.3% year on year. On the full year, FY26 printed ₹49,793 Cr (+29.9%), and the 10-year compound rate is 14.3%.
🚨 Why profit moved: revenue contributed +25.7% and the margin −8.0 pp — the quarter was revenue-led despite a thinner margin.
Pace comparison, last four quarters: profit +15.0% vs revenue +7.1%. Profit is growing faster than sales — fixed costs are being spread over a bigger base, and each extra rupee of revenue drops more to the bottom line.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 211% of Oil & Natural Gas Corpn Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹1,12,719 Cr of operating cash against ₹49,793 Cr of profit. After ₹46,947 Cr of capital spending, ₹65,772 Cr was left as free cash.
FY26: operating cash of ₹1,12,719 Cr against reported profit of ₹49,793 Cr, leaving free cash of ₹65,772 Cr after ₹46,947 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 211% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 211%: the cash cycle held roughly steady between FY21 and FY26 — so conversion tracks profitability rather than the cycle.
Router verdict: the bigger cash user is investment — capital spending ran 1.9× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Oil & Natural Gas Corpn Ltd's cash conversion cycle runs 48 days in FY26, down from 54 days in FY21. Capital spending ran ₹2,00,618 Cr over the last 3 years. At FY26 sales of ₹6,08,663 Cr each day of that cycle holds about ₹1,668 Cr, so roughly ₹80,043 Cr sits inside the business at any moment.
FY26: debtors at 13 days, inventory at 119 days — roughly 3.9 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 48 days, tighter than FY21's 54.
The full loop: cash goes out to suppliers and production on day 0; stock waits 119 days to sell; customers pay about 13 days after that; and suppliers themselves are paid at 84 days — netting out to the 48-day cycle.
In money terms: at FY26 sales of ₹6,08,663 Cr, each day of the cycle holds about ₹1,668 Cr — so the 48-day loop keeps roughly ₹80,043 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹2,00,618 Cr over the last 3 fiscal years against ₹1,03,037 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹1,16,272 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.
Oil & Natural Gas Corpn Ltd earns a ROCE of 14% in FY26. That is up from a trough of 9% in FY21. A return-on-invested-capital spread against the cost of capital is not computable from what is held here. The wiring behind it is 8.2% net margin on 0.77× asset turns.
FY26 ROCE is 14%, recovered from a FY21 trough of 9% — the full ladder below shows the fall and the climb, undoctored.
Why the return is what it is — the wiring (FY26): 8.2% net margin × 0.77× asset turns × 2.11× balance-sheet leverage ≈ 13.3% on equity. Margin does its share; leverage is a meaningful part of the equation.
The quarterly return curves and the return-on-invested-capital overlay, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 7.6% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Debt Debt-to-equity says how much of the business is funded by borrowings; interest cover says how many times operating profit pays the interest bill. Low and high, respectively, is the safe corner.
Oil & Natural Gas Corpn Ltd carries ₹1,74,316 Cr of borrowings against ₹3,71,768 Cr of equity in FY26, a debt-to-equity of 0.47. Operating profit covers the interest bill 8×. Over 5 years borrowings went from ₹1,33,187 Cr to ₹1,74,316 Cr. Capital spending ran ₹2,00,618 Cr across the last 3 of those years.
FY26: borrowings of ₹1,74,316 Cr against equity of ₹3,71,768 Cr — a debt-to-equity of 0.47. Operating profit covers the interest bill 8×. Over 5 years borrowings went from ₹1,33,187 Cr to ₹1,74,316 Cr while capital spending ran ₹2,00,618 Cr in just the last 3 — part of the build-out is riding on borrowed money.
The total-debt and debt-to-equity series, which only the second data source carries, are not drawn on this page: its two data sources disagree by up to 7.6% on reported income across 15 comparable periods. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Oil & Natural Gas Corpn Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.6 points over the same window, to 19.3%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register over the last two years — Foreign institutions: −0.6 points over 8 quarters to 8.0%; Domestic institutions: +0.6 points over 8 quarters to 19.3%; Promoters: +0.0 points over 8 quarters to 58.9%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Oil & Natural Gas Corpn Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Antelopus Selan Energy LtdANTELOPUS | 86.1/100Sector-leading setup93% evidence | TURNING | 32.2/35 Revenue 45.9% · PAT 100% · OPM change 17 pp 100% evidence | 22.1/25 ROCE 19.9% · OPM 70% 100% evidence | 14.6/20 P/E 28.6× · PEG 0.35 65% evidence | 17.2/20 RS sector 30.6% · RS bench 82.1% · 1Y 101.9%10 of 12 weeks ahead 100% evidence |
| Exact sum: 32.2 + 22.1 + 14.6 + 17.2 = 86.1 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Deep Industries LtdDEEPINDS | 72.0/100Favorable setup82% evidence | BREAKING OUT | 26.3/35 Revenue 48.7% · PAT 100% · OPM change -2 pp 95% evidence | 16.5/25 ROCE 16.5% · OPM 39% 76% evidence | 12.0/20 P/E 12× · PEG — 50% evidence | 17.2/20 RS sector 15.6% · RS bench 63% · 1Y 41.1%7 of 12 weeks ahead 100% evidence |
| Exact sum: 26.3 + 16.5 + 12 + 17.2 = 72 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 3Asian Energy Services LtdASIANENE | 58.1/100Mixed-positive evidence80% evidence | LEADER | 20.5/35 Revenue 81.9% · PAT 30.4% · OPM change -2 pp 95% evidence | 11.1/25 ROCE 16.5% · OPM 8% 95% evidence | 8.9/20 P/E 40.3× · PEG — 15% evidence | 17.6/20 RS sector 16% · RS bench 63.5% · 1Y 38.3%12 of 12 weeks ahead 100% evidence |
| Exact sum: 20.5 + 11.1 + 8.9 + 17.6 = 58.1 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Dolphin Offshore Enterprises (India) LtdDOLPHIN | 56.9/100Mixed-positive evidence80% evidence | BREAKING OUT | 18.3/35 Revenue 76.5% · PAT 44% · OPM change -36 pp 95% evidence | 13.3/25 ROCE 14.9% · OPM 59% 95% evidence | 9.3/20 P/E 36× · PEG — 15% evidence | 16.0/20 RS sector 10% · RS bench 56% · 1Y 53.6%5 of 12 weeks ahead 100% evidence |
| Exact sum: 18.3 + 13.3 + 9.3 + 16 = 56.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5United Drilling Tools LtdUNIDT | 55.5/100Mixed-positive evidence68% evidence | 19.8/35 Revenue 7.6% · PAT 26.3% · OPM change 0.9 pp 83% evidence | 12.8/25 ROCE 10.4% · OPM 17.2% 95% evidence | 12.2/20 P/E 25.7× · PEG — 50% evidence | 10.7/20 RS sector — · RS bench 23.1% · 1Y — 25% evidence | |
| Exact sum: 19.8 + 12.8 + 12.2 + 10.7 = 55.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 6Oil India LtdOIL | 48.9/100Mixed-negative evidence82% evidence | TURNING | 21.6/35 Revenue 19.2% · PAT 34.8% · OPM change 16 pp 95% evidence | 13.0/25 ROCE 11.5% · OPM 46% 76% evidence | 10.2/20 P/E 9.5× · PEG — 50% evidence | 4.1/20 RS sector -23.1% · RS bench 10% · 1Y 23.6%1 of 12 weeks ahead 100% evidence |
| Exact sum: 21.6 + 13 + 10.2 + 4.1 = 48.9 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 7Jindal Drilling & Industries LtdJINDRILL | 44.2/100Mixed-negative evidence74% evidence | TURNING | 14.3/35 Revenue 11.9% · PAT -19.3% · OPM change -6 pp 95% evidence | 11.1/25 ROCE 13.7% · OPM 36% 95% evidence | 11.1/20 P/E 9.4× · PEG — 15% evidence | 7.7/20 RS sector -13.7% · RS bench 14.7% · 1Y 4%6 of 11 weeks ahead 70% evidence |
| Exact sum: 14.3 + 11.1 + 11.1 + 7.7 = 44.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 8Oil & Natural Gas Corpn Ltdthis pageONGC | 39.8/100Mixed-negative evidence82% evidence | ASLEEP | 14.1/35 Revenue 7.1% · PAT 11.7% · OPM change -8 pp 95% evidence | 13.1/25 ROCE 14.2% · OPM 8% 76% evidence | 12.6/20 P/E 6.7× · PEG — 50% evidence | 0.0/20 RS sector -35.9% · RS bench -7.9% · 1Y -0.7%0 of 12 weeks ahead 100% evidence |
| Exact sum: 14.1 + 13.1 + 12.6 + 0 = 39.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 9Hindustan Oil Exploration Company LtdHINDOILEXP | 24.4/100Adverse evidence80% evidence | TURNING | 3.8/35 Revenue -17.8% · PAT -80% · OPM change -36.1 pp 95% evidence | 7.2/25 ROCE 3.5% · OPM 4.8% 95% evidence | 8.5/20 P/E 97.5× · PEG — 15% evidence | 4.9/20 RS sector -15.7% · RS bench 20.4% · 1Y 5.9%3 of 12 weeks ahead 100% evidence |
| Exact sum: 3.8 + 7.2 + 8.5 + 4.9 = 24.4 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 10Deep Energy Resources LtdDEEPENR | 45.9/100Thin evidence · provisional38% evidence | 16.8/35 Revenue -80% · PAT -80% · OPM change 32.5 pp 27% evidence | 5.7/25 ROCE -0.2% · OPM -10.6% 57% evidence | 10.0/20 P/E — · PEG — 0% evidence | 13.4/20 RS sector 14.2% · RS bench 40.7% · 1Y —6 of 12 weeks ahead to 2024-09-25 70% evidence | |
| Exact sum: 16.8 + 5.7 + 10 + 13.4 = 45.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Oil & Natural Gas Corpn Ltd's share price today?
Oil & Natural Gas Corpn Ltd trades at ₹233, −0.3% over the past year. The company is valued at ₹2,92,491 Cr. The stock sits at the very bottom of its 52-week range (₹232–₹300), −8.0% versus its 200-day average. On the tape, the price is in a downtrend, 8 weeks in. — as of 11 September 2026.
What were Oil & Natural Gas Corpn Ltd's latest quarterly results?
Oil & Natural Gas Corpn Ltd reported revenue of ₹2,04,987 Cr and net profit of ₹6,554 Cr for the Jun 26 quarter. Revenue rose 25.7% and profit fell 43.3% year on year. Earnings per share were ₹9.46. The operating margin was 8.0%, 8.0 pp lower than a year earlier. — as of 11 September 2026.
What is Oil & Natural Gas Corpn Ltd's revenue?
Oil & Natural Gas Corpn Ltd reported revenue of ₹2,04,987 Cr in the Jun 26 quarter, +25.7% year on year. For the full FY26 fiscal year, revenue was ₹6,08,663 Cr (−0.6%). Over the last 10 years revenue compounded at 17.2% a year. — as of 11 September 2026.
What is Oil & Natural Gas Corpn Ltd's profit?
Oil & Natural Gas Corpn Ltd earned ₹6,554 Cr of net profit in the Jun 26 quarter, −43.3% year on year. Full-year FY26 profit was ₹49,793 Cr. The operating margin ran 8.0% in the latest quarter. — as of 11 September 2026.
What is Oil & Natural Gas Corpn Ltd's market cap?
Oil & Natural Gas Corpn Ltd's market capitalisation is ₹2,92,491 Cr at a share price of ₹233. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Oil & Natural Gas Corpn Ltd's P/E ratio?
Oil & Natural Gas Corpn Ltd trades at a P/E of 6.7×, at the 31st percentile of its own 11-year range, against a long-run median of 8.2×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Oil & Natural Gas Corpn Ltd pay a dividend?
Yes — Oil & Natural Gas Corpn Ltd's dividend payout was 22% of profit in FY26, and it recorded a payout in each of its last 13 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Oil & Natural Gas Corpn Ltd overvalued?
On its own history, Oil & Natural Gas Corpn Ltd looks cheap: its P/E of 6.7× has been cheaper only 31% of the time in 11 years (long-run median 8.2×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Oil & Natural Gas Corpn Ltd growing?
Not right now — Oil & Natural Gas Corpn Ltd's latest numbers are shrinking: latest-quarter revenue +25.7% year on year, profit −43.3%, and the margin −8.0 pp at 8.0%. The 10-year compound rates are 17.2% (revenue) and 14.3% (profit). The earnings engine currently reads: deteriorating — as of 11 September 2026.
How is Oil & Natural Gas Corpn Ltd performing?
Oil & Natural Gas Corpn Ltd is in a downtrend, 8 weeks in. Its latest quarter's revenue rose 25.7% and profit fell 43.3% year on year. Against the NIFTY 500 it has been behind on a trailing-13-week view for 21 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Oil & Natural Gas Corpn Ltd in?
Turning around — EPS growth swung from −18.8% at the trough to +20.7%, a 4-quarter improving streak, ROCE holding at 14.0%. The read comes from the last 12 quarters of growth (revenue growth +7.1% latest, profit growth +11.7% latest, eps growth +20.7% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Oil & Natural Gas Corpn Ltd in an uptrend?
No — the price is in a downtrend (week 8 of stage 4), trading −8.0% versus its 200-day average and at the very bottom of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Oil & Natural Gas Corpn Ltd beating the market?
Not lately — on a trailing-13-week view Oil & Natural Gas Corpn Ltd is currently behind the NIFTY 500 (21 weeks and counting; last ahead the week of 2026-05-22), the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 10.5 years the stock moved +61% against the NIFTY 500's +273% — behind the index over the full window. — as of 11 September 2026.
Will Oil & Natural Gas Corpn Ltd's share price go up?
This page publishes no price forecast for Oil & Natural Gas Corpn Ltd. What it measures instead: the share price is ₹233, the price is in a downtrend 8 weeks in. Its P/E of 6.7× sits at the 31st percentile of its own 11-year range. — as of 11 September 2026.
Who owns Oil & Natural Gas Corpn Ltd?
Promoters hold 58.9% of Oil & Natural Gas Corpn Ltd, foreign institutions 8.0%, domestic institutions 19.3% and the public 3.5% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.
Does Oil & Natural Gas Corpn Ltd have too much debt?
It is moderate — Oil & Natural Gas Corpn Ltd's debt-to-equity is 0.47, and operating profit covers the interest bill 8×. FY26 borrowings were ₹1,74,316 Cr against equity of ₹3,71,768 Cr. Read the returns on this page with that leverage in mind — as of 11 September 2026.
What is Oil & Natural Gas Corpn Ltd's capex?
Oil & Natural Gas Corpn Ltd spent ₹2,00,618 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹46,947 Cr, with ₹1,16,272 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Oil & Natural Gas Corpn Ltd's cash flow?
Oil & Natural Gas Corpn Ltd generated ₹1,12,719 Cr of operating cash flow in FY26 and ₹65,772 Cr of free cash flow after ₹46,947 Cr of capital spending. Reported profit that year was ₹49,793 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Oil & Natural Gas Corpn Ltd's profit real cash?
Yes — over the last 3 fiscal years, 211% of Oil & Natural Gas Corpn Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹1,12,719 Cr against reported profit of ₹49,793 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Oil & Natural Gas Corpn Ltd in its business cycle?
Oil & Natural Gas Corpn Ltd's FY26 operating margin was 17.0%, against a 13-year band of 12.0%–32.0%: the low end of its own band, which is where recoveries start when they come. The latest quarter ran 8.0%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Oil & Natural Gas Corpn Ltd's price assume?
At its price on 13 June 2026, Oil & Natural Gas Corpn Ltd was priced for profit growth of about −1.4% a year. Profit itself has compounded 14.3% a year over the past 10 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Oil & Natural Gas Corpn Ltd story?
The sharpest disagreement: the P/E sits at the 31st percentile of its own range, but the engine is deteriorating — cheap for a reason until the quarters turn. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Oil & Natural Gas Corpn Ltd a stock worth studying right now?
This is not investment advice. The machine read: Oil & Natural Gas Corpn Ltd is cheap for a reason. The P/E sits at the 31st percentile of its own range, and the quarters are still getting worse. The sharpest open question: whether the quarters turn before the discount closes. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!