OIL vs ONGC
Side-by-side comparison of Oil India Ltd. and Oil & Natural Gas Corporation Ltd.. Descriptive only — not investment advice.
Oil India Ltd.
Energy
Quality Score: 59/100
Oil & Natural Gas Corporation Ltd.
Energy
Quality Score: 58/100
At a glance
| Metric | OIL | ONGC |
|---|---|---|
| Quality Score | 59/100 | 58/100 |
| P/E (trailing) | 12.8 | 9.2 |
| Forward P/E | 8.9 | 6.7 |
| ROE | — | — |
| Profit margin | +17.4% | +5.8% |
| Debt-to-equity | 58.17 | 43.80 |
| Dividend yield | +4.18% | +6.63% |
| 1Y price return | +15.4% | +24.2% |
| From 52w high | -11.4% | -9.2% |
| Analyst rating1 = Strong Buy, 5 = Strong Sell | 2.20 | 2.23 |
Highlighted value = better on the metric (lower for P/E, D/E, drawdown, analyst rating; higher elsewhere). Descriptive only.
Snapshots
Oil India (OIL) trades at ₹457, carrying a trailing PE of 12.8 and a forward PE of 8.9 against a backdrop of 5-year earnings decline of -10.7% CAGR and flat revenue growth (-0.1%). The stock is above its 200-DMA (₹432) but below its 50-DMA (₹474), down 6.92% over three months while up 15.4% over one year; dividend yield stands at 4.18%.
ONGC trades at ₹279.2, up 24.2% over the past 12 months and above its 200-DMA (₹247.1), though marginally below the 50-DMA (₹280.5). The stock carries a trailing PE of 9.2 and a 6.6% dividend yield, with a quality score of 54 against an energy-sector peer range of 29-77. Debt-to-equity at 43.8 and a thin profit margin of 5.8% reflect the structural leverage and subsidy dynamics typical of a state-owned upstream producer.
Pros
- ✓Dividend yield of 4.18% is above the broader Energy sector median for Indian PSU oil stocks, providing a visible income return for holders of record.
- ✓Forward PE of 8.9 represents a 30% compression from the trailing PE of 12.8, reflecting analyst consensus expectations of earnings improvement; trailing PE of 12.8 is below the sector peer RELIANCE (23.8) and broadly in line with ONGC (9.3).
- ✓Recent hydrocarbon discovery in Libya (Ghadames Basin, reported April 2026 across multiple sources including The Hindu and India Today) adds to the company's international reserve base alongside IOCL.
- ✓Price is 5.7% above the 200-DMA (₹432.42) and 15.4% higher than one year ago, outperforming the shorter-term 3-month trend (-6.92%).
- ✓Forward PE of 6.7 versus trailing PE of 9.2 implies the market prices in earnings expansion; five-year earnings CAGR of 16.2% supports this directional read.
- ✓Dividend yield of 6.63% is among the higher absolute yields on the NSE large-cap energy board, reflecting consistent cash distribution from a state enterprise.
- ✓Price is 24.2% higher over 12 months and remains above the 200-DMA (₹247.1) by approximately 13%, indicating medium-term trend resilience.
- ✓FCF was positive in 4 of the available tracked years, suggesting the business has generated surplus cash in most periods despite capital-intensive upstream operations.
Cons
- ✗5-year earnings CAGR of -10.7% reflects a sustained structural decline in profitability over the measurement period.
- ✗Debt-to-equity of 58.2 is elevated, and the persistence data shows a rising debt trend alongside FCF positive in only 2 of the years tracked — consistency score of 35/100 is low.
- ✗Quality score of 40/100 places OIL 4th of 6 in the Energy peer group, trailing COALINDIA (77) and ONGC (54) on the same composite measure.
- ✗Revenue growth of -0.1% over 5 years indicates the top line has been essentially flat, limiting the earnings recovery pathway absent a commodity price tailwind or significant new production.
- ✗Debt-to-equity of 43.8 is high relative to the energy-sector profile; the debt trend is classified as rising, which compounds refinancing risk in a rising-rate or falling-crude environment.
- ✗ROE data is unavailable and the fundamental persistence score is 20 out of 100, with only 1 year above the 15% ROE threshold — indicating weak historical capital-return consistency.
- ✗Profit margin of 5.8% provides a narrow buffer; government subsidy-sharing obligations and crude-price volatility have historically compressed or eliminated margins in down-cycles.
- ✗An active stop-production order from the Andhra Pradesh Pollution Control Board for the Mori#05 well (April 2026) adds near-term operational and regulatory headline risk.
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