ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronEye IconIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintTitle ChevronIcon Twitter
Energy Minerals

Oil & Natural Gas Corp. Ltd.

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.

Business Summary

Oil & Natural Gas Corp. Ltd. engages in the exploration and production of crude oil and natural gas. Its products include petrol, diesel, kerosene, naphtha, and cooking gas-Liquefied Petroleum Gas. The company was founded on August 14, 1956 and is headquartered in New Delhi, India.

Financial Highlights

Mar 2020 INRUSD
Revenue3,961.48B55,869.49M
Gross Profit715,296.29M10,087.95M
Operating income419,009.31M5,909.36M
Income before tax180,137.32M2,540.50M
Net income109,071.48M1,538.25M
EBITDA688,275.25M9,706.87M
Diluted EPS8.670.12
Dividends Per Share50.07
Total Assets5,038.98B66,608.02M
Total liabilities2,787.35B36,844.82M
Total equity2,069.67B27,358.13M
Operating cash flow746,935.29M10,534.16M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,237.83B 2,810.43B 3,217.93B 4,204.72B 3,961.48B
Gross Profit 476,085.13M 591,522.23M 673,714.87M 965,292.39M 715,296.29M
Operating income 288,021.72M 347,723.69M 398,968.50M 626,492.69M 419,009.31M
Income before tax 200,522.49M 417,175.41M 392,075.02M 514,174M 180,137.32M
Net income 128,752.12M 244,192.50M 221,059.28M 305,460.40M 109,071.48M
EBITDA 469,186M 573,452.31M 647,232.74M 861,243.76M 688,275.25M
Diluted EPS 10.03 19.03 17.23 23.85 8.67
Dividends Per Share 5.66 6.05 6.60 7 5
Total Assets 3,870.30B 4,453.97B 4,602.34B 4,932.59B 5,038.98B
Total liabilities 1,865.64B 2,369.34B 2,394.69B 2,578.52B 2,787.35B
Total equity 1,978.13B 1,943.85B 2,040.18B 2,169.34B 2,069.67B
Operating cash flow 478,111.35M 483,249.25M 617,811.55M 658,198.34M 746,935.29M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 18,906.73M 41,911.13M 49,916.75M 60,116.67M 55,869.49M
Gross Profit 7,271.71M 8,821.17M 10,450.69M 13,801.18M 10,087.95M
Operating income 4,399.23M 5,185.48M 6,188.81M 8,957.22M 5,909.36M
Income before tax 3,062.77M 6,221.19M 6,081.88M 7,351.36M 2,540.50M
Net income 1,966.55M 3,641.56M 3,429.08M 4,367.29M 1,538.25M
EBITDA 7,166.33M 8,551.70M 10,039.90M 12,313.56M 9,706.87M
Diluted EPS 0.15 0.28 0.26 0.34 0.12
Dividends Per Share 0.08 0.09 0.10 0.10 0.07
Total Assets 58,443.95M 68,591.28M 70,564.69M 71,203.03M 66,608.02M
Total liabilities 28,172.33M 36,487.91M 36,716.15M 37,221.60M 36,844.82M
Total equity 29,871.06M 29,935.35M 31,280.83M 31,314.99M 27,358.13M
Operating cash flow 7,302.66M 7,206.53M 9,583.51M 9,410.53M 10,534.16M

Valuation Measures

Mar 2020
PER7.87
ROA2.18%
ROE5.14%
Operating margin10.57%
Profit margin2.75%

Key executives

  • Chairman & Managing Director: Shashi Shanker
  • CFO, Executive Director & Finance Director: Subhash Kumar
  • Director, Director-Technical & Field Services: Om Prakash Singh
  • Joint Secretary & Compliance Officer: M. E. V. Selvamm
  • Executive Director & Exploration Director: Rajesh Kumar Srivastava

Shareholders

  • Government of India (60.4%)
  • Life Insurance Corp of India (10.7%)
  • Indian Oil Corp. Ltd. (7.8%)
  • ICICI Prudential Asset Management Co. Ltd. (2.6%)
  • GAIL (India) Ltd. (2.4%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (2.1%)
  • Fidelity Management & Research Co. LLC (0.9%)
  • The Vanguard Group, Inc. (0.8%)
  • SBI Funds Management Pvt Ltd. (0.6%)
  • Lazard Asset Management LLC (0.4%)

Contact Details

  • Website:http://www.ongcindia.com
  • Address: Nelson Mandela Road, Plot No. 5A- 5B, Vasant Kunj, New Delhi, 110070, India
  • Phone: +91.11.26754073

Related Companies

  • ONGC Self Contributory Post Retirement & Death In Service Sup
  • Oil & Natural Gas Corp. Ltd. (Venture Capital)
  • ONGC Amazon Alaknanda Ltd.
  • ONGC Energy Centre
  • ONGC (BTC) Ltd.
  • RUS Imperial Group OOO
  • Gujarat State Petroleum Corp. Ltd. /KG Basin Block/
  • ONGC Mangalore Petrochemicals Ltd.
  • ONGC Nile Ganga BV
  • ONGC Videsh Ltd.
  • Mangalore Refinery & Petrochemicals Ltd.
  • Hindustan Petroleum Corporation Limited

Competitors

  • Oil India Limited
  • Indian Oil Corp. Ltd.
  • Vedanta Limited
  • Eco (Atlantic) Oil & Gas Ltd.
  • Pancontinental Oil & Gas NL
  • Likhitha Infrastructure Ltd
Last Updated on 21 Oct, 2020

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends October 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more