Asia300

Oil & Natural Gas Corp. Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
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  • 5y
Mar 28, 2017
Prev close: 187.15
Mar 28, 2017
Market cap:
Market cap(USD):
2,401.74B
36,895.91M
Shares: 12,833.23M

Currency in INR

Company profile

Market(Ticker): BOM(500312)
Sector:
Industry:
Energy Minerals
Oil & Gas Production
Full time employees: 33,927

Business summary

Oil & Natural Gas Corp. Ltd. engages in the business of exploration and production of oil, natural gas and liquefied petroleum gas. The company also focuses on related business areas like processing of crude oil & natural gas; oil field services, transportation of the oil & natural gas, production of value added products such as LPG, naphtha, superior kerosene oil, ATF, C2-C3, refining, petrochemicals, power, unconventional and alternate sources of energy. It operates through two segments: Exploration & Production; and Refining. Oil & Natural Gas was founded on August 14, 1956 and is headquartered in New Delhi, India.

Company background

India's largest publicly controlled company, Oil and Natural Gas Corp. is more than two-thirds owned by the Indian government. Wholly owned subsidiary ONGC Videsh is the country's largest international oil and gas exploration and production company and has projects in 16 countries.

The foundations of the company were laid in 1955 under India's first prime minister, Jawaharlal Nehru, with the government treating oil and gas as a strategic sector for the country's industrial development and national defense. ONGC is a leader in India's oil and gas industry, producing 70% of the country's total crude oil and around half of its natural gas. It has established more than 7 billion tons of confirmed hydrocarbon reserves in the country, with six out of seven producing basins in India having been discovered by the company.

Dinesh K. Sarraf is chairman and managing director of ONGC, which is under the administrative control of the Ministry of Petroleum and Natural Gas. Sarraf has more than 30 years of experience in the oil and gas industry, having started his career with Oil India. He joined ONGC in 1991 and has filled various key posts, including finance director and managing director of ONGC Videsh before being elevated by the government to his current position in March 2014. He is credited with reviving ONGC Videsh, which suffered huge losses after the purchase of Russia-focused Imperial Energy in 2009.

In the news

Financial highlights

Mar 2016

  • Local currency
  • US Dollar
Revenue 1,301.93B
Gross profit 495,213.45M
Operating income 281,697.84M
Income before tax 227,179.13M
Net income 141,238.09M
EBITDA 464,600.71M
Diluted EPS 11.00
Dividends per share 5.66
Total assets 3,822.33B
Total liabilities 1,949.82B
Total equity 1,847.41B
Operating cash flow 542,331.62M

Currency in INR

Revenue 19,885.67M
Gross profit 7,563.87M
Operating income 4,302.64M
Income before tax 3,469.92M
Net income 2,157.26M
EBITDA 7,096.30M
Diluted EPS 0.16
Dividends per share 0.08
Total assets 57,719.57M
Total liabilities 29,443.53M
Total equity 27,897.13M
Operating cash flow 8,283.56M

Currency in USD

Valuation measures

Mar 2016

PER 13.00
ROA 3.81%
ROE 7.73%
Operating margin 21.63%
Profit margin 10.84%

Key executive

  • Chairman & Managing Director: Dinesh Kumar Sarraf
  • Finance Director & Executive Director: A. K. Srinivasan
  • Director & Technology Director: Shashi Shanker
  • Secretary & Compliance Officer: V. N. Murthy
  • Director & Director-Human Resources: Desh Deepak Misra

Share holders

  • Government of India(68.9%)
  • Life Insurance Corp. of India(9.1%)
  • Indian Oil Corp. Ltd.(7.6%)
  • GAIL (India) Ltd.(2.4%)
  • The Vanguard Group, Inc.(0.7%)
  • Reliance Nippon Life Asset Management Ltd.(0.7%)
  • Templeton Asset Management Ltd. (Hong Kong)(0.6%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(0.5%)
  • BlackRock Fund Advisors(0.2%)
  • Norges Bank Investment Management(0.1%)

Address

  • Website: http://www.ongcindia.com
  • Address: Tower II, Jeevan Bharati Building, 124, Indira Chowk, New Delhi, 110001, India
  • Phone: +91.11.23317213

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