Oil & Natural Gas Corporation Ltd.
Energy · NSE
52-week range
₹217 – ₹308
From 52w high
-9.2%
RSI (14)
43.0
vs SMA 50 / 200
↓ 50 · ↑ 200
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.
- ✓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.
- ✗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.
- ·The Andhra Pradesh Pollution Control Board issued a stop-production order for environmental violations at ONGC's Mori#05 well in April 2026, representing a tangible regulatory action rather than a prospective risk.
- ·ONGC, MRPL, and OPaL announced formation of an integrated petrochemicals marketing and trading joint venture (April 2026), extending the company's downstream integration footprint.
- ·Jefferies highlighted ONGC as part of a group of oil-and-gas stocks with notable upside potential in a note covering six names (April 2026) — the broker's framing, not an editorial position.
- ?How has the debt-to-equity ratio evolved over the past five years, and what portion of ONGC's borrowings are linked to variable rates that would be sensitive to RBI policy?
- ?Does the gap between trailing PE (9.2) and forward PE (6.7) reflect analyst consensus on volume growth, crude-price assumptions, or a reduction in subsidy burden — and how sensitive are those estimates to a 10% move in Brent?
- ?Has the government's subsidy-sharing framework changed materially since the last cycle, and what is ONGC's current obligation structure relative to its upstream realisation?
- ?How significant is the Mori#05 environmental action in terms of production contribution, and what is the company's track record in resolving similar regulatory orders within its upstream portfolio?
PE
9.2
Forward PE
6.7
ROE
—
Profit margin
+5.8%
D/E
43.80
Dividend yield
+6.6%
Quality score
54/100
ROE 5y above 15%
1/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 10 May 2026.