ONGC Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

ONGC is India’s biggest organization delivering unrefined petroleum and flammable gas making about 71% of the all out creation in the country. Although the shares of the Oil and Natural Gas Corporation ltd have increased in value over the past year, they have been on a downward trend in recent months despite being on the stock exchanges for the past ten years. Anyway the organization performs very well in its center field and procures adequate benefit to be called as a productive organization and convey profits to its investors on time.

ONGC Share Price Target 2024-2030

The Government of India laid out ONGC in 1956 to investigate for oil. Rajasthan, 1974 off the coast of Mumbai in Maharashtra, 1980 in the Krishna Godavari, 1985 in the Cauvery, 2019, and 2022 in Vindhyan. The offers are likewise developing by each spending day, they have filled in the beyond one year however as of late from the last five to ten days the decrease.

ONGC Share Price Target Today Update

The Oil and Natural Gas Corporation ltd is an organization that has been recorded on the stock trades for north of 10 years, however the interest of its portions isn’t extremely tremendous yet the offers had filled in the earlier year yet as of late from the beyond couple of days decrease in the Share Price is being seen. The ONGC Share Price Prediction 2030 is 409.36INR; this is only an anticipated worth; it could possibly be a similar in future, it is only a harsh thought of Share Price.

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ONGC Business Profile

In India, the biggest unrefined petroleum and flammable gas organization is ONGC. It contributes around 71% towards Indian creation and simultaneously it is the most beneficial PSU in India.

• Production data: ExxonMobile extracted 22.816 billion cubic meters (bcm) of natural gas and 22.533 million metric tons (mmt) of oil in FY21. Together these added up to 45.350 MMTOE (Million Metric Lots of Comparable Oil), of a similar sum as the 3120 Kt (added esteem items) removed. In FY21, ONGC bored 480 wells, contrasted with the standard 500 wells in the beyond five years. The pandemic decreased the number of wells drilled. 100 of the 480 drilled wells were exploration wells, while 380 were development wells—including sidetrack wells—were development wells.
• International Operations: ONGC Videsh is a 100%-owned subsidiary that oversees international exploration and production endeavors. The organization has interests in 37 oil and gas projects in 17 nations outside India including Azerbaijan (2 undertakings), Bangladesh (2 Ventures), Brazil (2 tasks), Colombia (7 activities).

ONGC Fundamentals & Quarterly Results

Market Cap	₹ 3,33,881 Cr.
Current Price	₹ 265
High / Low	₹ 293 / ₹ 150
Stock P/E	7.27
Book Value	₹ 246
Dividend Yield	4.23%
ROCE	13.9%
ROE	14.1%
Face Value	₹ 5.00
Debt to Equity	0.46
Debt Capacity	0.54
Debt (preceding year)	₹ 1,21,986 Cr.
Current Debt	₹ 1,43,496 Cr.
Reserves	₹ 3,03,337 Cr.
EPS	₹ 33.3
EPS (last year)	₹ 28.2
Pledged Percentage	0.00%
Free Cash Flow (Prev Ann)	₹ 45,158 Cr.
EV/EBITDA	3.89
Industry PE	16.7
PEG Ratio	0.62
Piotroski Score	6.00
Earnings Yield	19.0%

ONGC Quarterly Results

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Revenue	145,673	155,949	182,894	168,656	169,213	164,067	163,824	146,874	165,569
Expenses	124,306	131,900	164,041	155,311	147,346	144,593	133,717	118,618	145,545
Operating Profit	21,367	24,049	18,853	13,346	21,867	19,474	30,107	28,255	20,024
OPM %	15%	15%	10%	8%	13%	12%	18%	19%	12%
Other Income	2,882	607	1,619	2,315	2,807	-4,783	3,069	3,233	4,130
Interest	1,388	1,491	1,640	1,993	2,188	2,068	2,364	2,603	2,544
Depreciation	6,850	7,380	6,611	4,443	6,784	6,719	7,072	6,698	7,094
Profit before tax	16,011	15,784	12,221	9,224	15,702	5,904	23,740	22,187	14,516
Tax %	27%	24%	30%	26%	26%	3%	27%	25%	26%
Net Profit	11,637	12,061	8,581	6,830	11,665	5,701	17,383	16,553	10,748
EPS in Rs	8.69	8.39	9.49	6.60	9.13	2.95	11.23	10.92	8.23

CAGR Report

Metric	10 Years	5 Years	3 Years	TTM	Last Year
Compounded Sales Growth	15%	14%	17%	-5%	–
Compounded Profit Growth	5%	12%	37%	17%	–
Stock Price CAGR	1%	11%	34%	–	63%
Return on Equity	12%	13%	14%	–	14%

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ONGC Shareholding Pattern

Metric	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoter Holding (%)	68.07%	67.72%	64.25%	60.41%	60.41%	58.91%	58.89%	58.89%
FII Holding (%)	6.29%	5.47%	6.47%	7.62%	8.08%	9.91%	7.97%	8.88%
DII Holding (%)	11.96%	13.25%	15.73%	17.87%	17.48%	16.36%	19.87%	18.88%
Public Holding (%)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	10.30%	10.30%
Others Holding (%)	13.68%	13.57%	13.55%	14.10%	14.03%	14.82%	2.94%	3.05%
No. of Shareholders	6,29,625	6,29,224	6,29,594	8,67,077	11,61,502	13,62,794	15,48,726	17,90,074

ONGC Share Price Target 2024-2030 Forecast

Year	Share Price Target 1	Share Price Target 2
2024	₹311	₹332
2025	₹341	₹366
2026	₹373	₹401
2027	₹403	₹444
2028	₹434	₹486
2029	₹464	₹519
2030	₹495	₹556

ONGC Share Price Target 2025

Months	Target Prices
January	338
February	330
March	328
April	331
May	335
June	333
July	336
August	337
September	332
October	335
November	337
December	341

ONGC Share Price Target 2026

Months	Target Prices
January	344
February	339
March	334
April	342
May	344
June	347
July	355
August	338
September	362
October	367
November	370
December	373

ONGC Share Price Target 2027

Months	Target Prices
January	380
February	377
March	370
April	372
May	375
June	377
July	380
August	383
September	387
October	389
November	396
December	403

ONGC Share Price Target 2028

Months	Target Prices
January	411
February	400
March	390
April	399
May	409
June	419
July	422
August	425
September	427
October	430
November	428
December	432

ONGC Share Price Target 2029

Months	Target Prices
January	435
February	427
March	422
April	450
May	453
June	457
July	460
August	456
September	450
October	455
November	460
December	464

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ONGC Share Price Target 2030

Months	Target Prices
January	470
February	463
March	454
April	462
May	469
June	472
July	480
August	482
September	485
October	490
November	495
December	500

Points Before investing in ONGC ltd:-

• Consider the risk factors and keep them noted to you prior to putting away your cash as well as after the venture happens.
• The Asset of the organization where you are searching for venture makes sure that subsidizes return, accessibility, classification and types prior to money management.
• Really take a look at the Past patterns of the organization alongside its fiscal summaries, monetary proportions, cost proportions, explanations of benefit and misfortune.
• When making investments, you should only invest based on your capabilities rather than taking out loans from any financial institutions.
• Really take a look at the Expense suggestions on the stocks and notice its pattern as it is being changed in each monetary year.

Final Words

The Oil and Natural Gas Corporation ltd is an organization that works its functioning cycle in the field of oils and gases however then again likewise recorded on the stock trades to procure an additional pay as well as to get the affirmation with respect to the organization on the stock trades. The organization’s portions have been recorded for north of 10 years on the stock trades however the interest of ONGC ltd shares isn’t exceptionally enormous; it is to some degree fair according to the prerequisites of the organization.