ONGC or Oil & Natural Gas Corporation Ltd. belongs to the Nifty 50 group of companies and a major company in the oil and natural gas exploration. For this reason fluctuations in ONGC share price affects the benchmark index heavily.
ONGC Share Price Graph
Oil and Natural Gas Commission was established in 1959. Later, in 1993 it was incorporated as Oil and Natural Gas Corporation, popularly known as ONGC, as a public limited company. It is a Schedule A Navaratna Company under direct administrative control of Petroleum and Natural Gas Ministry of Government of India and the government owns 74.14% stake in ONGC. In 1955 our government decided to explore our natural resources for which the Oil and Natural Gas Directorate was established as a part of public sector development. Next year the mineral oil industry was declared a Schedule A industry.
ONGC has always focussed on exploration. Till date, it has found natural resources of oil and gas in Assam, Gujarat (Cambay basin) and added areas with the viable possibility of oil exploration in East Coast basin ( both inland and offshore) and the Assam-Arakan Fold Belt. ONGC had another important feather to its crown when in the early 70s, it successfully found offshore oil near Mumbai coastline popularly known as Mumbai high (earlier Bombay high). Mumbai high has been an important source of oil and natural gas ever since. ONGC also has a strong global presence in this sector. Another important thing is that though ONGC is into exploration business it has always followed a self-sustained self-reliant business model.
ONGC has few subsidiaries as follows.
- OVL (ONGC Videsh Limited)
- ONG BV (ONGC Nile Ganga BV)
- ONL (ONGC Narmada Limited)
- MRPL (Mangalore Refineries and Petrochemicals Limited)
- OAAL (ONGC Amazon Alaknanda Limited)
- ONGC Mittal Energy Limited
ONGC has the motto of considering people and environment above everything and has been awarded many times for its approach towards CSR (corporate social responsibility).
ONGC share price is Rs 160.25 (as on 28.06.17, 10.08 hrs.) in BSE. As per the latest data, the standalone basis P/E is 11.47 versus average industry PE of 13.39, EPS is Rs 13.95. Market cap is Rs 2,05,268 crores. The face value of a share is Rs 5.
ONGC share closed at Rs 156.40 on 09 November 2018 in the NSE. The present market cap is Rs 201674.29 crores. The earning per share or EPS is Rs 19.74 as per the average trailing 12 months data. The price over earning ratio or P/E stands at 7.92. The Book Value per share is Rs 171.44. The price over book value ratio or P/BV 0.91. The Dividend yield is 4.23%. The 52 weeks high price is Rs 212.85 and 52 weeks low is Rs 144.70.
Oil & Natural Gas Company Ltd., more commonly known as ONGC is a Large Cap company. The company operates in the Indian Petroleum sector.
The key revenue earning segments of the Oil And Natural Gas Corporation Ltd. are Crude Oil, Natural Gas, Liquefied Petroleum Gas or LPG, Naphtha, Ethane/ Propane, Ethane, Propane, Butane among many others. The audited report for the financial year ending 31 March 2018, ONGC earned Rs 60389.93 crores from the sale of crude oil amounting to 71.04% of total sales value. Besides crude oil, ONGC earned Rs 13737.17 crores from the sale of natural gas which is equivalent to 16.16% of total sales, Rs 4035.24 crores from the sale of LPG amounting to 4.74% of total sales. In addition, sales from naphtha contributed Rs 3808.40 crores (4.48% of total sales value), sales from Ethane/ Propane(C2/ C3) contributed Rs 750.20 crores equivalent to 0.88% of total sales, sales from Ethane contributed Rs 704.99 crores or 0.82% of total sales, sales from Propane contributed Rs 625.02 crores or 0.73% of total sales, sales from Butane contributed Rs 342.34 crores or 0.40% of total sales, sales from Superior Kerosene Oil contributed Rs 117.81 crores or 0.13% of total sales, Electricity contributed Rs 61.60 crores or 0.07% of total sales, LSHS contributed Rs 48.18 crores or 0.05% of total sales, revenue from other operating income contributed Rs 168.56 crores or 0.19% of total sales, subsidy contributed Rs 155.59 crores or 0.18% of total sales, sales from processing charges contributed Rs 38.19 crores or 0.04% of total sales, sales from Mineral Turpentine Oil (MTO) contributed Rs 20.73 crores or 0.02% of total sales and revenue from others contributed Rs 0.14 crores or 0.00% of total sales.
For the quarter ended 30 September 2018, the company reported a standalone sales of Rs 27989.17 crores which has increased by 2.85% from the last quarter (ended in March 2018) sales of Rs 27212.83 crores and sales increased by 47.58% from the sales of the same quarter of the previous year which was Rs 18964.85 crores. In the quarter ending 30 June 2018, the company has reported a net profit after tax of Rs 8264.61 crores.
The top management of ONGC includes Dr Santrupt B Misra, Dr Sambit Patra, Mr Ajai Malhotra, Mr Amar Nath, Mr Ajay Kumar Dwivedi, Mr Deepak Sethi, Mr Navin Chandra Pandey, Mr K M Padmanabhan, Mr Rajesh Kakkar, Mr Sanjay Kumar Moitra, Mr Rajiv Bansal, Mr Shashi Shanker, Mr Sumit Bose, Mr Subhash Kumar, Mr Vivek Mallya, , Prof Shireesh B Kedare, Mrs Ganga Murthy.
The company has appointed M/S R Gopal & Associates as its auditors.
As on 30-09-2018, the company has a total of 12,833,235,180 nos of shares outstanding.
The shareholding pattern of the company currently has different shareholders in the manner as stated below.
- The promoters and promoter group of the company hold 8,659,728,737 nos of shares which is equivalent to 67.48% of total shares.
- The foreign institutions or FIIs hold 746,558,644 nos of shares amounting to 5.82% of total shares.
- The non-banking financial institutions or NBFCs and mutual funds together hold 354,237,090 nos of shares or 2.76% of total shares.
- Other financial institutions hold 1,352,772,256 nos of shares amounting to 10.54% of total shares.
- Others hold 1,489,470,626 nos or shares or 11.61% of total shares.
- General public holds 230,467,827 nos of shares which is equivalent to 1.80% of total shares.
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