ONGC vs RELIANCE
Side-by-side comparison of Oil & Natural Gas Corporation Ltd. and Reliance Industries Ltd.. Descriptive only — not investment advice.
Oil & Natural Gas Corporation Ltd.
Energy
Quality Score: 62/100
Reliance Industries Ltd.
Energy
Quality Score: 58/100
At a glance
| Metric | ONGC | RELIANCE |
|---|---|---|
| Quality Score | 62/100 | 58/100 |
| P/E (trailing) | 6.9 | 24.0 |
| Forward P/E | 5.8 | 18.5 |
| ROE | — | — |
| Profit margin | +6.2% | +6.6% |
| Debt-to-equity | 42.55 | 36.65 |
| Dividend yield | +6.05% | +0.45% |
| 1Y price return | +7.9% | -3.9% |
| From 52w high | -22.1% | -17.5% |
| Analyst rating1 = Strong Buy, 5 = Strong Sell | 1.83 | 1.26 |
Highlighted value = better on the metric (lower for P/E, D/E, drawdown, analyst rating; higher elsewhere). Descriptive only.
Snapshots
ONGC trades at ₹239.45, down 20.01% over the trailing 3 months and 22.13% below its 52-week high, though still up 7.9% over the trailing 12 months. It carries a PE of 6.92 (forward 5.76) and a 6.05% dividend yield, both toward the lower end of the tracked Energy peer set, alongside a Q1FY27 net profit that more than doubled to ₹17,034 crore on stronger crude prices.
Reliance trades at Rs 1,323.90, above its 50-DMA (Rs 1,300.77) but below its 200-DMA (Rs 1,401.12), 17.48% off its 52-week high and down 3.89% over the past year. Trailing PE is 23.98 (forward PE 18.51), the highest among 6 tracked Energy-sector names (peer range 5.73-11.67), against a quality score of 44 that ranks last of 6. Five-year revenue growth of 29.7% has coincided with five-year earnings growth of -22.4%, and mean analyst rating stands at 1.26 across 32 analysts (1-5 scale, lower = more constructive).
Pros
- ✓Q1FY27 net profit more than doubled to ₹17,034 crore on strong crude prices, per Aug 5 2026 reporting.
- ✓PE of 6.92 (forward 5.76) and dividend yield of 6.05% sit toward the lower end of the tracked Energy peer range (peer PEs span 5.73–23.98).
- ✓Free cash flow was positive in 4 of the tracked years, with a flat debt-to-equity trend at roughly 0.43x.
- ✓News flow across the 8 tracked items is entirely non-negative (5 positive, 3 neutral, 0 negative), including a Delhi HC dismissal of Vedanta's challenge to an ONGC oil-block takeover and new Bengal exploration/mining leases across 4 districts.
- ✓Q1 FY27 results (reported around July 17, 2026) showed revenue up 25% YoY with record quarterly EBITDA, per company results coverage.
- ✓Promoter shareholding was raised to 50.48% in the days ahead of the Q1 FY27 results announcement.
- ✓Forward PE of 18.51 is below the trailing PE of 23.98, implying consensus estimates for near-term earnings growth.
- ✓News sentiment across the 8 tracked headlines is 4 positive, 4 neutral and 0 negative (overall label: positive).
Cons
- ✗Trading below both the 50-DMA (₹245.43) and 200-DMA (₹256.49), down 20.01% over the trailing 3 months and 22.13% below its 52-week high.
- ✗Persistence data shows ROE has not exceeded 15% in any tracked year, with a consistency score of just 15/100.
- ✗ROE figures are unavailable both for ONGC itself and for all 5 tracked Energy peers, leaving those sector-ranking dimensions indeterminate.
- ✗The 8 tracked news items trace back to a handful of underlying events (Q1 results, the Vedanta court case, the gas-reserve plan, Bengal leases) rather than eight independent developments.
- ✗Five-year earnings growth of -22.4% trails five-year revenue growth of +29.7%; net profit margin is 6.61% and the consistency score is 26 of 100.
- ✗Free cash flow was positive in only 3 of the tracked years, 0 tracked years show ROE above 15%, and debt-to-equity of 0.37x is on a rising trend.
- ✗Trailing PE of 23.98 is the highest among 6 tracked Energy-sector peers (range 5.73-11.67), while its quality score of 44 ranks last of the 6.
- ✗Price is 17.48% below its 52-week high and remains below the 200-DMA (Rs 1,401.12) despite trading above the 50-DMA (Rs 1,300.77).
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