In this article, we will explore the future share price targets of ONGC for the years 2025, 2026, 2028, 2030, 2040, and 2050. Additionally, we will discuss ONGC’s fundamentals, market sentiment, financial performance, and quarterly reports to assist investors in making informed decisions.
About ONGC
Oil and Natural Gas Corporation (ONGC) is India’s largest producer of crude oil and natural gas, playing a pivotal role in meeting the country’s energy demands. Established in 1956, ONGC operates under the Ministry of Petroleum and Natural Gas and is a key public sector enterprise contributing significantly to India’s energy self-reliance.
The company is involved in the entire hydrocarbon value chain, encompassing exploration, production, refining, and distribution of oil and gas. With its extensive onshore and offshore operations, ONGC ensures a steady supply of energy to power India’s industrial and domestic needs.
ONGC Fundamentals
| Description | Value |
|---|---|
| Company Name | Bharat Electronics Ltd. |
| Sector | Oil and Gas |
| Established | 1954 |
| Website | ongcindia.in |
| Listing At | BSE, NSE |
| BSE Code | 500312 |
| NSE Code | ONGC |
| Mkt Cap | ₹331176Cr |
| Reserves and Surplus | ₹299686.37Cr |
| ROE | 16.3% |
| ROCE | 18.4% |
| 52 Week High | ₹345 |
| 52 Week Low | ₹223 |
| P/E Ratio (TTM) | 8.06 |
| Industry P/E | 7.98 |
| P/B Ratio | 0.94 |
| Face Value | 5 |
| Book Value Per Share | ₹280.02 |
| EPS (TTM) | ₹32.67 |
| Dividend Yield | 4.65% |
| Debt to Equity | 0.54 |
| Total Revenue | ₹603669Cr |
| Revenue Growth | -5.73% |
| Net Profit (Anual) | ₹57101Cr |
| Profit Growth | 67.72% |
Returns in Past Year
| Year | Returns (%) |
|---|---|
| 2024 | 16.68% |
| 2023 | 39.73% |
| 2022 | 3.05% |
| 2021 | 53.04% |
| 2020 | -27.76% |
| 2019 | -14.08% |
| 2018 | -23.21% |
| 2017 | 2.01% |
| 2016 | 18.73% |
| 2015 | -29.18% |
| 2014 | 18.16% |
| 2013 | 7.80 |
| 2012 | 4.44% |
| 2011 | -20.32% |
| 2010 | 9.36% |
| 2009 | 76.58% |
| 2008 | -46.07% |
| 2007 | 41.96% |
| 2006 | 12.43% |
| 2005 | 43.20% |
| 2004 | 2.72% |
| 2003 | 127.90% |
| 2002 | 157.73% |
| 2001 | 13.34% |
ONGC Share Price Target 2025
Current market sentiment around ONGC is highly bullish. The expected share price target for 2025 is estimated to be between ₹220 to ₹335.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2025 | ₹220 | ₹335 |
ONGC Share Price Target 2026
According to market analysts, ONGC’s share price in 2026 is projected to range between ₹268 to ₹410.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2026 | ₹268 | ₹410 |
ONGC Share Price Target 2028
By 2028, the share price target for ONGC is anticipated to be between ₹390 to ₹560, considering the company’s steady growth and expansion in defense contracts.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2028 | ₹390 | ₹560 |
ONGC Share Price Target 2030
Based on the company’s historical performance and ongoing projects, ONGC’s share price in 2030 is expected to be between ₹470 to ₹690.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2030 | ₹470 | ₹690 |
ONGC Share Price Target 2040
Following the long-term trend, ONGC’s share price in 2040 is likely to fall between ₹940 to ₹1270.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2040 | ₹940 | ₹1270 |
ONGC Share Price Target 2050
Considering the consistent growth trajectory and the company’s prominent role in defense manufacturing, ONGC’s share price target for 2050 is expected to range from ₹1580 to ₹1950.
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2050 | ₹1580 | ₹1950 |
Strengths
- Impressive Profit Growth: ONGC recorded a net profit of ₹57,101 crore in FY24, reflecting an impressive 67.72% growth compared to FY23.
- Robust Margins: The company reported a strong operating profit margin of 18.01% and a net profit margin of 8.88% for FY24.
- Consistent Performance: Quarterly results highlight continuous improvements in profitability.
- Attractive Valuation: With a P/E ratio of 8.06 and a P/B ratio of 0.94, ONGC appears undervalued, offering a compelling investment opportunity.
- High Dividends: Regular and attractive dividend payouts (₹12.25 per share in FY24) make ONGC appealing to income-seeking investors.
- Strong Promoter Support: A promoter shareholding of 58.89% underscores confidence in the company’s management and long-term prospects.
Risks
- Declining Revenue: While profits grew, ONGC’s total revenue dropped by 5.73% in FY24 compared to the previous year.
- Weak Cash Flow: The company is facing a declining net cash flow, indicating challenges in generating sufficient cash.
- Dependence on Crude Oil Prices: ONGC’s performance is highly dependent on volatile global crude oil prices, which are influenced by geopolitical and economic factors.
- Liquidity Challenges: Persistent negative cash flows from financing and investing activities have impacted liquidity, resulting in a negative cash balance of ₹-2,366 crore in FY24.
- Industry Shifts: The global transition toward renewable energy sources, coupled with increasing environmental and regulatory pressures, poses long-term challenges.
- Limited FII Confidence: Foreign institutional investors hold only 8.12% of ONGC’s shares, indicating restrained international interest.
ONGC Share Price History Chart
ONGC Quarterly Income Report
| Description | Sep 24 | Jun 24 | Mar 24 | Dec23 |
| Revenue + | ₹38647Cr. | ₹37327Cr. | ₹38317Cr. | ₹38189Cr. |
| Expenses + | ₹23611Cr | ₹25371Cr. | ₹25456Cr. | ₹25578Cr. |
| EBITDA | ₹21791Cr | ₹19036Cr. | ₹19571Cr. | ₹18735Cr. |
| EBIT | ₹16193Cr | ₹13138Cr. | ₹13895Cr. | ₹13633Cr. |
| Net Profit | ₹11984Cr | ₹8938Cr. | ₹9869Cr. | ₹9892Cr. |
| Operating Profit Margin | 64.32% | 53.98% | 56.50% | 53.85% |
| Net Profit Margin | 35.37% | 25.34% | 28.49% | 28.43% |
| Earning Per Share | ₹9.53 | ₹7.10 | ₹7.85 | ₹7.86 |
| Dividends Per Share | 6.00 | 0.00 | 0.00 | 4.00 |
ONGC Annual Income Report
| Description | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|
| Total Revenue | ₹603669Cr | ₹640400Cr | ₹498738Cr | ₹313225Cr |
| Total Expenses | ₹527569Cr | ₹587550Cr | ₹444006Cr | ₹285036Cr |
| Profit/Loss | ₹57101Cr | ₹34046Cr | ₹49294Cr | ₹21360Cr |
| Net Profit Margin | 8.88% | 5.77% | 9.27% | 5.93% |
| Earning Per Share | ₹39.13 | ₹29.18 | ₹36.19 | ₹12.96 |
| EBITDA | ₹115817 | ₹77217 | ₹86670 | ₹60744 |
| EBIT | ₹87054 | ₹52635 | ₹59787 | ₹35205 |
| Operating Profit Margin | 18.01% | 12.46% | 16.30% | 16.85% |
| Dividends Per share | 12.25 | 11.25 | 10.50 | 3.60 |
ONGC Cash Flow
| Particulars | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Opening Cash Balance | ₹1225Cr. | ₹2729Cr. | ₹1468Cr. | ₹1664Cr. |
| Cash Flow From Operating Activities | ₹99263Cr | ₹86062Cr. | ₹78248Cr. | ₹47185Cr. |
| Cash Flow From Investing Activities | ₹-57203Cr | ₹-74690Cr. | ₹-41197Cr. | ₹-39141Cr. |
| Cash Flow From Financing Activities | ₹-45650Cr | ₹-12876Cr. | ₹-35790Cr. | ₹-8239Cr. |
| Closing Cash Balance | ₹-2366Cr | ₹1225Cr. | ₹2729Cr. | ₹1468Cr. |
| Net Change In Cash | ₹-3591 | ₹-1504 | ₹1261 | ₹-195.44 |
ONGC Share Price Target 2025, 2026, 2028, 2030, 2040 to 2050
| Year | Price Target (Min) | Price Target (Max) |
|---|---|---|
| 2025 | ₹220 | ₹335 |
| 2026 | ₹268 | ₹410 |
| 2028 | ₹390 | ₹560 |
| 2030 | ₹470 | ₹690 |
| 2040 | ₹940 | ₹1270 |
| 2050 | ₹1580 | ₹1950 |
ONGC Shareholding Pattern
| Shareholder | Share % |
|---|---|
| Promoter | 58.89% |
| Other Domestic Institutions | 11.10% |
| Retail and Others | 13.95% |
| Foreign Institutions | 8.12% |
| Mutual Funds | 7.94% |
| Total | 100.00% |
How to Buy ONGC Shares?
Buying and selling of ONGC can be done by a stock broker registered with SEBI. Here are the names of some popular brokers.
- groww
- Zerodha
- Angel One
- upstox
ONGC Share Price Target: Export Opinion
| Company Name | Mkt Cap | Profit (1Year) | 52W L | 52W H |
|---|---|---|---|---|
| Kaynes Technology India | ₹39.80KCr. | 124.99% | ₹2424 | ₹7822 |
| Hindustan Aeronautics | ₹2.56LCr. | 22.77% | ₹2820 | ₹5674.75 |
| Boeing Co | ₹12.70 KCr. | 15.74% | ₹137.03 | ₹217.59 |
| Airbus SE | ₹12.38KCr | 6.05% | ₹124.72 | ₹172.78 |
| Bharat Dynamics | ₹42.29 KCr | 31% | ₹776.05 | ₹1794.70 |
| Apollo Micro Systems | ₹3.94 KCr. | 4.75% | ₹87.99 | ₹147.55 |
| Bharat Electronics | ₹1.97 KCr | 43.07% | ₹171.70 | ₹340.35 |
Profitable Stocks
| Stocks | Mkt cap | Profit (1Year) | 52W L | 52W H |
|---|---|---|---|---|
| Adani ports | ₹3.11 LCr | 94.78% | ₹703.00 | ₹1,457.05 |
| Adani Enterprises | ₹3.89 LCr | 40.35% | ₹2142.00 | ₹3457.85 |
| Suzlon Energy | ₹90.75 KCr | 85.69% | ₹33.90 | ₹86.04 |
| Tata Power Company | ₹1.44 LCr | 101.76% | ₹215.70 | ₹464.20 |
| Adani Power | ₹2.92 LCr | 192.93% | ₹231.00 | ₹797.00 |
| Havells India | ₹1.20 LCr | 41.69% | ₹1232.85 | ₹1950.05 |
| Tata Motors | ₹3.57 LCr | 72.86% | ₹557.70 | ₹1065.60 |
| Tata Power | ₹1.44 LCr | 75.52% | ₹230.80 | ₹494.85 |
Conclusion
ONGC remains a cornerstone of India’s energy sector, offering strong profitability, attractive valuations, and consistent dividends. Its significant reserves and robust operational capacity position it well to navigate industry challenges. However, declining revenue, negative cash flow trends, and exposure to crude oil price volatility warrant caution. Investors should weigh these strengths and risks carefully before making investment decisions.
Disclaimer: The information provided here is for general informational purposes only and should not be considered as financial advice. Before making any investment, it is advisable to consult with a certified financial advisor. The author is not responsible for any investment decisions made based on this article.
FAQs
Q1. What is the ONGC share price target for 2025?
Ans: The expected share price target for ONGC in 2025 is between ₹220 to ₹335.
Q2. What is the ONGC share price target for 2030?
Ans:ONGC’s share price target for 2030 is projected to be between ₹470 to ₹690.
Q3. What is the ONGC share price target for 2040?
Ans: The share price target for ONGC in 2040 is expected to be between ₹940 to ₹1270.
Q4. What is the ONGC share price target for 2050?
Ans: ONGC’s share price target for 2050 is likely to range between ₹1580 to ₹1950.