The Oil and Natural Gas Corporation Ltd. is a firm that has been traded on stock exchanges for more than ten years. Although there isn't much demand for its shares, they did increase the previous year, and in the last few days, there has been a decline in share prices.
Oil and Natural Gas Corporation ltd Share Price Insights:-
The market price of ONGC Share Price target is currently 262.15 INR; however, this is not the permanent value as the price is always changing.
The share price of ONGC Limited has decreased by 5.71 percent from its previous closing price.
In the past year, ONGC Ltd.'s share price has increased by 24.53 percent; but, within the past five days, the price has down by 10.01 percent.
According to the current market value of shares, ONGC Ltd.'s share prices vary between 252.85 and 271.10 INR.
Because the shares of ONGC Ltd. are currently 35 percent undervalued, the market is not particularly profitable.
As per the projected future estimates, there will be a 7.7% and 6.7% increase in earnings and savings rates, respectively.
The corporation pays out between thirty and forty-five percent of its yearly revenues over the course of a decade.
The net profit made by ONGC Ltd. for the preceding fiscal year, which ended in March 2023, was almost 388 billion INR.
Analysts have undertaken forecasting procedures with respect to the company's future share prices.
Based on the company's historical and current stock exchange performance, the ONGC share price prediction 2025 is 336.04 INR.
The ONGC share price prediction for 2030 is 409.36 INR; however, this is only an estimate of the share price and may or may not match the actual value.
The corporation establishes specific target pricing based on the projected values, which it aims to reach within a year.
The target price of ONGC shares for 2024 is 267.68 INR, while the target price for 2025 is 338.01 INR.
The target prices for ONGC shares in 2026 and 2027 are 364.6 and 392.51 INR, respectively.
The targets for the ONGC share price are as follows: 421.71 INR in 2028, 452.37 INR in 2029, and 484.62 INR in 2030.
As of the now, ONGC Ltd has no net debt and is debt-free.
In comparison to its sector's 8.96 percent price to earnings ratio, ONGC Ltd.'s price to earnings ratio for the last twelve months is 6.15 percent.
ONGC Share Price Target 2024
Months Target Prices
January267.28
February272.33
March267.65
April265.26
May268.02
June268.07
July317.45
August317.45
September317.42
October317.4
November317.41
December317.4
Months Target Prices
January338.01
February342.75
March338.06
April335.68
May335.68
June335.71
July335.69
August335.67
September335.65
October335.62
November335.59
December335.6
Months Target Prices
January364.6
February369.3
March364.58
April362.24
May362.21
June362.21
July362.2
August362.2
September362.2
October362.22
November362.24
December362.26
Months Target Prices
January392.51
February397.18
March392.46
April390.08
May390.03
June389.98
July389.96
August389.95
September389.96
October389.94
November389.91
December389.92
Months Target Prices
January421.71
February426.4
March421.72
April419.42
May419.41
June419.37
July419.38
August419.41
September419.38
October419.38
November419.34
December419.32
Months Target Prices
January452.37
February457.06
March452.04
April450.09
May450.12
June450.16
July450.18
August450.17
September450.14
October450.18
November450.19
December450.23
Months Target Prices
January484.62
February489.3
March484.59
April482.25
May482.27
June482.23
July482.21
August482.21
September482.24
October482.25
November482.22
December485.23
Oil and Natural Gas Corporation ltd Financials:-
Market Capitalization Value346209 croresTotal Share Capital6290.14 croresLong Term borrowings3949.93 croresShort Term Borrowings3268.95 croresLong term Provisions37473.80 croresShort term Provisions1932.66 croresTotal Investments84985.95 croresTrade Receivables10250.31 croresTrade Payables6255.60 croresTotal Assets367037.9 croresTotal Contingent liabilities76267.04 croresTotal revenue152400.2 croresTotal Expenses92509.57 croresEPS30.86ROE15.05 percentROCE19.12 percentReturn on Assets10.57 percentDebt to Equity ratio0.03 percentDividend Payout ratio45.35 percentInventory turnover ratio0.48 percent
ONGC ltd Shareholding Pattern:-
ShareholdersShare Percentage
Promoters58.89 percent
Retail and Others13.64 percent
Other domestic institutions10.69 percent
Foreign Institutions9.20 percent
Mutual Funds7.58 percent
Oil and Natural Gas Corporation ltd Competitors:-
- Oil India
- Bharat Petroleum
- HPCL
- Reliance Industries ltd
- Gujarat Natural resources ltd
Points to be considered before investing in Oil and Natural Gas Corporation ltd:-
Before you invest your money, as well as after it is made, think about the risk elements and remember them.
Before making an investment, the fund of the company you are looking for verifies the funds' availability, returns, and categories.
Examine the company's historical trends in addition to its profit and loss statements, financial statements, and expense ratios.
Don't choose to use any institutional loans for investing objectives; instead, just make investments that you can afford to make.
Examine the tax consequences for the stocks and note any changes in trend during the fiscal year.
Conclusion:-
The Oil and Natural Gas Corporation Ltd. is a business that runs its operations in the oil and gas industry, but it is also listed on stock exchanges to generate additional revenue and gain recognition for the company. Although the company's shares have been traded on stock exchanges for more than ten years, there isn't much of a demand for them—rather, it is reasonable given the needs of the business. The shares are increasing daily as well; during the last year, they have increased, but in the last five to ten days, the share values have decreased. But because of high demand, the company's shares are undervalued. Nonetheless, the business excels in its primary industry, makes enough money to be regarded as lucrative, and pays out dividends to shareholders on schedule.
