# ONGC share price today (Oil & Natural Gas Corpn Ltd, NSE: ONGC)

> ONGC share price today: ₹232.17 at the NSE close on 3 November 2026, down 9.1% in a year. Oil & Natural Gas Corpn (NSE: ONGC) is worth ₹2,92,583 crore, trades at a P/E of 6.7 and has closed between ₹221.27 and ₹304.35 over the past 52 weeks. > Oil & Natural Gas Corpn Ltd's P/E is near the low end of its own history, higher than only 32% of past readings, and its quarterly results are still getting worse. ONGC · Oil Drilling & Exploration · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/oil-natural-gas-corpn-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Turning around, from fewer quarters than usual
- Price: ₹232.17 (−9.1% in a year)
- P/E: 6.7× (lower than 68% of the last 11 years)
- Revenue (Jun 2026): ₹2,04,987 Cr (+25.7% on a year ago)
- Profit (Jun 2026): ₹6,554 Cr (−43.3% on a year ago)
- Operating margin: 8.0% (−8.0 points on a year ago)
- ROCE: 14%, FY26
- Profit that came in as cash: 211%, last 3 years

The main question: the P/E is near the low end of its own history, higher than only 32% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. ## What is the ONGC share price today? Oil & Natural Gas Corpn Ltd's share price was ₹232.17 at the close on 3 November 2026. It has been falling for 15 weeks. That is 5.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹221 and ₹304, and at that close it sat 13% 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 +61% 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. ## What changed at ONGC this quarter? 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. ## What dividend does ONGC pay? ONGC paid ₹13.25 a share in regular dividends in the 12 months to 4 November 2026 (3 payments), a yield of 5.71% at the ₹232.17 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 4 September 2026. ### ONGC dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 4 Sep 2026 | ₹1 | Dividend | same day |
| 18 Feb 2026 | ₹6.25 | Interim | same day |
| 14 Nov 2025 | ₹6 | Interim | same day |
| 4 Sep 2025 | ₹1.25 | Dividend | same day |
| 7 Feb 2025 | ₹5 | Interim | same day |
| 19 Nov 2024 | ₹6 | Interim | 20 Nov 2024 |
| 23 Aug 2024 | ₹2.50 | Dividend | same day |
| 16 Feb 2024 | ₹4 | Interim | 17 Feb 2024 |
| 21 Nov 2023 | ₹5.75 | Interim | same day |
| 18 Aug 2023 | ₹0.50 | Dividend | same day |
| 24 Feb 2023 | ₹4 | Interim | same day |
| 21 Nov 2022 | ₹6.75 | Interim | 22 Nov 2022 |
| 18 Aug 2022 | ₹3.25 | Dividend | 19 Aug 2022 |
| 21 Feb 2022 | ₹1.75 | Interim | 22 Feb 2022 |
| 22 Nov 2021 | ₹5.50 | Interim | 23 Nov 2021 |
| 8 Sep 2021 | ₹1.85 | Dividend | 10 Sep 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What are ONGC's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,04,987 crore | ₹1,63,106 crore | +25.7% |
| Profit | ₹6,554 crore | ₹11,554 crore | −43.3% |
| Earnings per share | ₹9.46 | ₹7.79 | +21.4% |
| Operating margin | 8.0% | 16.0% | −8.0 points |

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.)

## What is the ONGC share price history? ONGC closed at ₹232.17 on 3 November 2026, down 9.1% from ₹255.37 a year earlier (31 October 2025) and up 52.7% over five years. Its highest weekly close since February 2016 was ₹332.55 on 9 August 2024. ### ONGC share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹227.50 | +2.1% |
| 1 month ago · 1 Oct 2026 | ₹222.37 | +4.4% |
| 6 months ago · 30 Apr 2026 | ₹299.55 | −22.5% |
| 1 year ago · 31 Oct 2025 | ₹255.37 | −9.1% |
| 3 years ago · 3 Nov 2023 | ₹190.00 | +22.2% |
| 5 years ago · 4 Nov 2021 | ₹152.05 | +52.7% |
| 10 years ago · 4 Nov 2016 | ₹179.67 | +29.2% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹144.03 | +61.2% |
| Highest weekly close since February 2016 · 9 Aug 2024 | ₹332.55 | −30.2% |
| Lowest weekly close since February 2016 · 27 Mar 2020 | ₹64.45 | +260.2% |
| 52-week high (weekly close) · 29 Apr 2026 | ₹304.35 | −23.7% |
| 52-week low (weekly close) · 9 Oct 2026 | ₹221.27 | +4.9% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on ONGC? 3 Nov 2026: ONGC closed at ₹232.17, up 2.1% on the week and up 4.4% 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. ## What did ONGC management say on the latest results call? 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](https://files.tijorifinance.com/insight/india/232/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 5 August 2026.)

## What to watch in ONGC's next results? 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. - What to check (from the call)
- KG-98/2 gas-well and CPP commissioning - check delivery against the guided gas ramp. - KG-98/2 technical study and oil development strategy - check whether return economics produce a credible recovery plan. - Western Offshore platform, pipeline and survey work after monsoon - check whether temporary closures clear and production recovers. - Mahanadi well result - check whether the first Samudra Manthan well delivers a discovery in the stated near-term window. ## Which stock lists is ONGC on? ONGC is on 4 of our India lists: Nifty 50 companies, 52 week high & low, Dividend stocks and Oil & gas stocks. - [Nifty 50 companies](https://www.sectoralpha.in/nifty-50-stocks-list)
- [52 week high & low 52-week position: Near 52-week low](https://www.sectoralpha.in/52-week-high-stocks-india)
- [Dividend stocks Regular dividend yield (%): 5.64](https://www.sectoralpha.in/dividend-stocks-india)
- [Oil & gas stocks Group on the list: Oil and gas producers](https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india)

## Is ONGC profitable? 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. 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. ## How much revenue does ONGC make, and is it growing? 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. 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). ## How much of every ₹100 of sales does ONGC keep? 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. 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. ## Is ONGC's profit turning into cash? 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. 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. ## Where does ONGC's cash go? 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. 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. ## What is ONGC's P/E ratio, and how does it compare with its own history? Oil & Natural Gas Corpn Ltd's P/E is 6.7×, near the low end of its own history: it has been lower only 32% 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. Why the multiple is where it is: over the past year earnings per share moved +14.3% while the price moved −9.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +8.8% a year; about +15.4% a year came from earnings growth and about −6.6 percentage points from the multiple (the market paying less); over 10 years the price moved +2.6% a year; about +9.6% a year came from earnings growth and about −7.0 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 7.6% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the ONGC business getting better or worse? Oil & Natural Gas Corpn Ltd's business is turning around. EPS growth has swung from −18.8% at its low to +20.7%, improving for 4 quarters in a row, with ROCE steady at 14.0%. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: a turn in growth is often where a bigger change starts. The lines say a turn is forming, so the question is whether the next quarters confirm it. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## What is ONGC management's track record? ONGC has a chronic track record of missing production guidance, failing to meet annual goals for 6 consecutive years (FY19-FY24). In FY24, it missed production guidance by 12%. For FY25, standalone crude output rose only 0.9% to 18.56 MMT, while gas fell to 19.65 BCM. Recent quarterly earnings are volatile: October to December 2025 was operationally in-line (profit ₹11,946 Cr, +22.6% on a year earlier), and July to September 2025 was a beat, but April to June 2025 saw a 7.4% EPS miss (₹6.38 vs ₹6.89 forecast). Management frequently cuts production goals for the key KG-98/2 basin due to execution delays, with peak production now pushed to FY27. High exploration write-offs (₹9,826 Cr in FY25) frequently dent bottom-line accuracy. (Checked 12 April 2026.)

## How much does ONGC earn on its capital? Oil & Natural Gas Corpn Ltd earned a ROCE of 14% in FY26. That is up from a low of 9% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 8.2% net margin and 0.77× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 8.2% net margin × 0.77× asset turnover × 2.11× leverage (assets divided by equity) ≈ 13.3% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 7.6% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does ONGC have too much debt? Oil & Natural Gas Corpn Ltd had ₹1,74,316 Cr of borrowings against ₹3,71,768 Cr of equity in FY26, so its debt is 0.47× its equity. Its operating profit is 8 times its interest bill. Over 5 years borrowings went from ₹1,33,187 Cr to ₹1,74,316 Cr. Over the last 3 of those years it spent ₹2,00,618 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 7.6% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the ONGC shareholding pattern? No group of Oil & Natural Gas Corpn Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved −0.4 points over the same period, to 18.7%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +0.4 points over 8 quarters, to 8.6%; Domestic institutions: −0.4 points over 8 quarters, to 18.7%; Promoters: +0.0 points over 8 quarters, to 58.9%. ## How far is ONGC from balance-sheet trouble? For Oil & Natural Gas Corpn Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does ONGC rank in its industry? 41.2 out of 100, rank 8 of 10 in Oil Drilling & Exploration, with 78% of the evidence available. Oil & Natural Gas Corpn Ltd scores 41.2 out of 100 against the 10 companies it is compared with in Oil Drilling & Exploration, ranking 8. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 16.2 + 13.1 + 11.9 + 0 = 41.2. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is ONGC compared with? ONGC ranks 8 of 10 Oil Drilling & Exploration companies on the 4-Factor Sector Score, with 41.2 out of 100. 1. [Antelopus Selan Energy Ltd](https://www.sectoralpha.in/stocks/antelopus-selan-energy-ltd) ANTELOPUS · breaking out · Most evidence points up · 82% evidence 75.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/35 · Revenue 82.3% · Profit 100% · Operating margin change 16 points · 95% evidence Capital efficiency 21.0/25 · ROCE 19.9% · Operating margin 69% · 76% evidence Valuation 7.6/20 · P/E 19× · PEG n/a · 50% evidence Relative strength 19.3/20 · Lead over its industry 23.7% · Lead over NIFTY 500 47.3% · 1 year 74.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.4 + 21 + 7.6 + 19.3 = 75.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Deep Industries Ltd](https://www.sectoralpha.in/stocks/deep-industries-ltd) DEEPINDS · leader · Most evidence points up · 78% evidence 69.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.0/35 · Revenue 48.7% · Profit 100% · Operating margin change -2 points · 83% evidence Capital efficiency 16.8/25 · ROCE 16.5% · Operating margin 39% · 76% evidence Valuation 12.1/20 · P/E 10.3× · PEG n/a · 50% evidence Relative strength 15.4/20 · Lead over its industry 12.8% · Lead over NIFTY 500 36.3% · 1 year 38.1% · 100% evidence · 12 of 12 weeks ahead Exact sum: 25 + 16.8 + 12.1 + 15.4 = 69.3 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Dolphin Offshore Enterprises (India) Ltd](https://www.sectoralpha.in/stocks/dolphin-offshore-enterprises-indialtd) DOLPHIN · breaking out · Most evidence points up · 93% evidence 65.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/35 · Revenue 82% · Profit 41.5% · Operating margin change -26 points · 100% evidence Capital efficiency 15.7/25 · ROCE 14.9% · Operating margin 63% · 100% evidence Valuation 12.0/20 · P/E 32.4× · PEG 0.85 · 65% evidence Relative strength 18.6/20 · Lead over its industry 15% · Lead over NIFTY 500 40.1% · 1 year 63.8% · 100% evidence · 12 of 12 weeks ahead Exact sum: 19.4 + 15.7 + 12 + 18.6 = 65.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [United Drilling Tools Ltd](https://www.sectoralpha.in/stocks/united-drilling-tools-ltd) UNIDT · Evidence leans up · 76% evidence 56.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.5/43.75 · Revenue 7.6% · Profit 26.3% · Operating margin change -1.4 points · 88% evidence Capital efficiency 14.8/31.25 · ROCE 10.4% · Operating margin 17.8% · 100% evidence Valuation 16.8/25 · P/E 25.7× · PEG 0.99 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 24.5 + 14.8 + 16.8 = 56.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 5. [Asian Energy Services Ltd](https://www.sectoralpha.in/stocks/asian-energy-services-ltd) ASIANENE · leader · Evidence leans up · 84% evidence 54.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.2/35 · Revenue 100% · Profit 100% · Operating margin change 3 points · 74% evidence Capital efficiency 11.9/25 · ROCE 16.3% · Operating margin 11% · 100% evidence Valuation 12.8/20 · P/E 25.2× · PEG 0.85 · 65% evidence Relative strength 9.5/20 · Lead over its industry 2.1% · Lead over NIFTY 500 23.7% · 1 year 22.4% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.2 + 11.9 + 12.8 + 9.5 = 54.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Oil India Ltd](https://www.sectoralpha.in/stocks/oil-india-ltd) OIL · breaking out · Evidence leans up · 78% evidence 51.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.9/35 · Revenue 19.2% · Profit 34.8% · Operating margin change 16 points · 83% evidence Capital efficiency 13.1/25 · ROCE 11.5% · Operating margin 46% · 76% evidence Valuation 9.7/20 · P/E 8.8× · PEG n/a · 50% evidence Relative strength 7.1/20 · Lead over its industry -16.2% · Lead over NIFTY 500 4.4% · 1 year 4.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 21.9 + 13.1 + 9.7 + 7.1 = 51.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Jindal Drilling & Industries Ltd](https://www.sectoralpha.in/stocks/jindal-drilling-industries-ltd) JINDRILL · quiet · Evidence leans down · 74% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Revenue 11.9% · Profit -19.3% · Operating margin change -6 points · 88% evidence Capital efficiency 13.8/25 · ROCE 13.7% · Operating margin 36% · 100% evidence Valuation 16.1/20 · P/E 7.4× · PEG 0.62 · 65% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -6.5% · 1 year -13.8% · 25% evidence · 3 of 12 weeks ahead Exact sum: 9.3 + 13.8 + 16.1 + 8 = 47.2 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 8. Oil & Natural Gas Corpn Ltd this page ONGC · turning · Evidence leans down · 78% evidence 41.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Revenue 7.1% · Profit 11.7% · Operating margin change -8 points · 83% evidence Capital efficiency 13.1/25 · ROCE 14.2% · Operating margin 8% · 76% evidence Valuation 11.9/20 · P/E 6.5× · PEG n/a · 50% evidence Relative strength 0.0/20 · Lead over its industry -25.5% · Lead over NIFTY 500 -6.5% · 1 year -11.7% · 100% evidence · 1 of 12 weeks ahead Exact sum: 16.2 + 13.1 + 11.9 + 0 = 41.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Hindustan Oil Exploration Company Ltd](https://www.sectoralpha.in/stocks/hindustan-oil-exploration-company-ltd) HINDOILEXP · losing its lead · Most evidence points down · 89% evidence 22.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.4/35 · Revenue -17.8% · Profit -80% · Operating margin change -36.1 points · 88% evidence Capital efficiency 5.0/25 · ROCE 3.5% · Operating margin 4.8% · 100% evidence Valuation 8.0/20 · P/E 80.6× · PEG 1.2 · 65% evidence Relative strength 4.8/20 · Lead over its industry -16.6% · Lead over NIFTY 500 3.4% · 1 year 0.4% · 100% evidence · 7 of 12 weeks ahead Exact sum: 4.4 + 5 + 8 + 4.8 = 22.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Deep Energy Resources Ltd(Merged)](https://www.sectoralpha.in/stocks/deep-energy-resources-ltd-merged) DEEPENR · Too little evidence to rank firmly · 24% evidence 41.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/43.75 · Revenue -80% · Profit -80% · Operating margin change 32.5 points · 27% evidence Capital efficiency 7.1/31.25 · ROCE -0.2% · Operating margin -10.6% · 57% evidence Valuation 12.5/25 · P/E n/a · PEG n/a · 0% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 21.8 + 7.1 + 12.5 = 41.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. 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 path the industry 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 growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Oil Drilling & Exploration](https://www.sectoralpha.in/sectors/oil-drilling-exploration), all 10 compared on one page. ## Which companies are close to ONGC in size? ONGC is the largest of 10 Oil Drilling & Exploration companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: Oil India, Deep Industries, Antelopus Selan Energy, Dolphin Offshore Enterprises (India), Hindustan Oil Exploration Company and Asian Energy Services. ### Oil Drilling & Exploration companies close in size

1. Oil & Natural Gas Corpn Ltd ₹2,83,547 crore
2. [Oil India Ltd](https://www.sectoralpha.in/stocks/oil-india-ltd) ₹73,848 crore
3. [Deep Industries Ltd](https://www.sectoralpha.in/stocks/deep-industries-ltd) ₹4,272 crore
4. [Antelopus Selan Energy Ltd](https://www.sectoralpha.in/stocks/antelopus-selan-energy-ltd) ₹3,525 crore
5. [Dolphin Offshore Enterprises (India) Ltd](https://www.sectoralpha.in/stocks/dolphin-offshore-enterprises-indialtd) ₹2,435 crore
6. [Hindustan Oil Exploration Company Ltd](https://www.sectoralpha.in/stocks/hindustan-oil-exploration-company-ltd) ₹2,026 crore
7. [Asian Energy Services Ltd](https://www.sectoralpha.in/stocks/asian-energy-services-ltd) ₹2,014 crore

[All 10 Oil Drilling & Exploration companies, largest first](https://www.sectoralpha.in/sectors/oil-drilling-exploration#all-companies)

### Companies close in size in other industries

1. [JSW Steel Ltd](https://www.sectoralpha.in/stocks/jsw-steel-ltd) ₹3,04,704 crore · Steel
2. [Bajaj Auto Ltd](https://www.sectoralpha.in/stocks/bajaj-auto-ltd) ₹2,84,422 crore · Auto - 2 & 3 Wheelers
3. Oil & Natural Gas Corpn Ltd ₹2,83,547 crore
4. [Bharat Electronics Ltd](https://www.sectoralpha.in/stocks/bharat-electronics-ltd) ₹2,70,389 crore · Aerospace & Defence - Equipments
5. [Bajaj Finserv Ltd](https://www.sectoralpha.in/stocks/bajaj-finserv-ltd) ₹2,67,160 crore · Finance - Holding Company

## What else do people ask about ONGC? ### What is ONGC's share price today? Oil & Natural Gas Corpn Ltd's share price is ₹232.17, −9.1% over the past year. The whole company is worth ₹2,92,583 Cr on the market. In the last 52 weeks it traded between ₹221 to ₹304; today it is 13% of the way up from the low, 5.6% below its 200-day average (as of 3 November 2026). ### What were ONGC'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 2026 quarter. Revenue rose 25.7% and profit fell 43.3% compared with a year earlier. Earnings per share were ₹9.46 (as of 3 November 2026). ### What is ONGC's market cap? Oil & Natural Gas Corpn Ltd's market capitalisation is ₹2,92,583 Cr at a share price of ₹232.17. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is ONGC performing? Oil & Natural Gas Corpn Ltd's share price has been falling for 15 weeks. In its latest quarter, revenue rose 25.7% and profit fell 43.3% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will ONGC's share price go up? This page does not forecast Oil & Natural Gas Corpn Ltd's share price. What it shows instead: the share price is ₹232.17, and it has been falling for 15 weeks. Its P/E of 6.7× is higher than 32% of its own last 11 years (as of 3 November 2026). ### Where is ONGC in its business cycle? Oil & Natural Gas Corpn Ltd's FY26 operating margin was 17.0%, against a 13-year range of 12.0% to 32.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 8.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the ONGC story? The main question: the P/E is near the low end of its own history, higher than only 32% of past readings, but results are getting worse. A low multiple can stay low until the quarters turn. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is ONGC a stock worth studying right now? What the numbers show: Oil & Natural Gas Corpn Ltd's P/E is near the low end of its own history, higher than only 32% of past readings, and its quarterly results are still getting worse. The main open question: whether results start to improve. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a ONGC share price forecast for 2026? What management itself 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. ### Where does this page get ONGC's management information? From ONGC's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Nifty 50 companies: https://www.sectoralpha.in/nifty-50-stocks-list
- 52 week high & low: https://www.sectoralpha.in/52-week-high-stocks-india
- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Oil & gas stocks: https://www.sectoralpha.in/sectors/oil-and-gas-stocks-india

This is research, not advice. We’re not SEBI-registered.