Oil And Natural Gas Corporation Limited
ONGC is a Maharatna PSU, with the GoI holding 58.89% stake in the company as on March 31, 2024. ONGC is India’s largest E&P player and is present across the hydrocarbon value chain. ONGC's’ domestic production, including its share of production in fi...
Key Metrics
EPS
39.13
Current ratio
0.88
Debt/Equity
0.94
Debt/EBITDA
2.98
Interest coverage ratio
0.12
Operating Cashflow to total debt
0.47
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Strong parentage and strategic importance to GOI
Experienced management
Dominant market position backed by large crude oil reserves
Robust infrastructure and proven technical capabilities
Presence across the hydrocarbon value chain
Sizeable scale of operations and resilient profitability margins
Liquidity: Strong
Cons
Reduction in shareholding of the GoI below 51%.
Higher-than-expected debt-funded capex or acquisition, resulting in consolidated overall gearing beyond 1.0x.
Sustained decrease in the reserve replacement ratio below 1.0x.
Risk related to E&P business and volatile crude oil prices
Geopolitical risk associated with international venture
Regulatory risk
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About Oil And Natural Gas Corporation Limited bond.
This comprehensive profile covers key factual information about Oil And Natural Gas Corporation Limited. ONGC is a Maharatna PSU, with the GoI holding 58.89% stake in the company as on March 31, 2024. ONGC is India’s largest E&P player and is present across the hydrocarbon value chain. ONGC's’ domestic production, including its share of production in fields operated through JVs, represented ~68% of India’s total production of crude oil and natural gas. It is also a significant producer of value-added products such as LPG, SKO, naphtha, and C2/C3. The company undertakes E&P activities in 15 countries, such as Azerbaijan, Myanmar, Vietnam, Iran, Iraq, Syria, the UAE, Libya, Mozambique and South Sudan, among others, through its wholly owned subsidiary, OVL. Also, it has integrated downstream activities in India with two subsidiaries, MRPL and HPCL with a combined capacity of over a 39.50 million metric tonne per annum (MMTPA) refinery and an extensive network of over 20,000 retail outlets. The company is currently the top lube marketer and the second-largest marketer in LPG sales in India. The presence in refining and marketing segment helps ONGC limit the volatility of earnings. Besides, transportation of petroleum products is catered through Petronet MHB Limited (PMHBL), which owns and operates multi-product petroleum pipeline to transport MRPL’s refinery products to parts of Karnataka. EPS in Mar-2024 was 39.13. Current ratio in Mar-2024 was 0.88. Debt/Equity in Mar-2024 was 0.94. Debt/EBITDA in Mar-2024 was 2.98. Interest coverage ratio in Mar-2024 was 0.12. Operating Cashflow to total debt in Mar-2024 was 0.47. Total revenue for Mar-2025(E) was ₹711559.87. Net income for Mar-2025(E) stood at ₹60888.01. Total assets as of Mar-2024 were ₹709,773.92. Operating cash flow for Mar-2024 was ₹99,262.69. The company’s borrowing relationships include HDFC Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr), Central Bank of India (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), Indian Bank (₹N/A Cr), Induslnd Bank Limited (₹N/A Cr), Punjab National Bank (₹N/A Cr), South Indian Bank Limited (₹N/A Cr), Proposed (₹N/A Cr), HDFC Bank Limited (₹N/A Cr), ICICI Bank Limited (₹N/A Cr), IDBI Bank Limited (₹N/A Cr), State Bank of India (₹N/A Cr). Peers and comparison entities consist of Oil And Natural Gas Corporation Limited, Oil India Limited, Hindustan Oil Exploration Company Limited, Asian Energy Services Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Strong parentage and strategic importance to GOI; Experienced management; Dominant market position backed by large crude oil reserves; Robust infrastructure and proven technical capabilities; Presence across the hydrocarbon value chain; Sizeable scale of operations and resilient profitability margins; Liquidity: Strong. Key risks include: Reduction in shareholding of the GoI below 51%.; Higher-than-expected debt-funded capex or acquisition, resulting in consolidated overall gearing beyond 1.0x.; Sustained decrease in the reserve replacement ratio below 1.0x. ; Risk related to E&P business and volatile crude oil prices; Geopolitical risk associated with international venture; Regulatory risk. Leadership team details include Arun Kumar Singh (Chairman & CEO), Madhav Singh (Independent Director), Manish Pareek (Independent Director), Manish Patil (Director - Human Resources), Om Prakash Singh (Director), Pankaj Kumar (Director), Prabhaskar Rai (Independent Director), Praveen Mal Khanooja (Government Nominee Director), Rajni Kant (Company Secretary & Compliance Officer), Reena Jaitly (Independent Director), Sushma Rawat (Director), Syamchand Ghosh (Independent Director), V Ajit Kumar Raju (Independent Director), V C Tongaonkar (Director - Finance & CFO). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.