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
Financial Highlights
| Mar 2022 | INR | USD |
| Revenue | 4,911.17B | 65,913.35M |
| Gross Profit | 973,620.04M | 13,067.03M |
| Operating income | 600,751.85M | 8,062.74M |
| Income before tax | 526,271.75M | 7,063.13M |
| Net income | 455,221.06M | 6,109.56M |
| EBITDA | 877,706.89M | 11,779.77M |
| Diluted EPS | 36.18 | 0.48 |
| Dividends Per Share | 10.50 | 0.14 |
| Total Assets | 5,854.49B | 77,261.54M |
| Total liabilities | 3,017.72B | 39,824.80M |
| Total equity | 2,595.02B | 34,246.50M |
| Operating cash flow | 804,200.24M | 10,793.24M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
| Revenue | 3,217.93B | 4,204.72B | 3,962.51B | 3,037.52B | 4,911.17B |
| Gross Profit | 673,714.87M | 965,292.39M | 716,330.20M | 598,127.93M | 973,620.04M |
| Operating income | 398,968.50M | 626,492.69M | 419,540.48M | 323,924.01M | 600,751.85M |
| Income before tax | 392,075.02M | 514,174M | 180,293M | 291,070.86M | 526,271.75M |
| Net income | 221,059.28M | 305,460.40M | 108,035.97M | 163,043.99M | 455,221.06M |
| EBITDA | 647,232.74M | 861,243.76M | 688,806.42M | 588,305.14M | 877,706.89M |
| Diluted EPS | 17.23 | 23.85 | 8.58 | 12.96 | 36.18 |
| Dividends Per Share | 6.60 | 7 | 5 | 3.60 | 10.50 |
| Total Assets | 4,602.34B | 4,932.59B | 5,100.17B | 5,432.78B | 5,854.49B |
| Total liabilities | 2,394.69B | 2,578.52B | 2,861.25B | 3,003.12B | 3,017.72B |
| Total equity | 2,040.18B | 2,169.34B | 2,051.04B | 2,209.80B | 2,595.02B |
| Operating cash flow | 617,811.55M | 658,198.34M | 739,142.64M | 500,286.07M | 804,200.24M |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
| Revenue | 49,916.75M | 60,116.67M | 55,884.07M | 40,917.70M | 65,913.35M |
| Gross Profit | 10,450.69M | 13,801.18M | 10,102.53M | 8,057.22M | 13,067.03M |
| Operating income | 6,188.81M | 8,957.22M | 5,916.85M | 4,363.49M | 8,062.74M |
| Income before tax | 6,081.88M | 7,351.36M | 2,542.70M | 3,920.93M | 7,063.13M |
| Net income | 3,429.08M | 4,367.29M | 1,523.65M | 2,196.32M | 6,109.56M |
| EBITDA | 10,039.90M | 12,313.56M | 9,714.36M | 7,924.90M | 11,779.77M |
| Diluted EPS | 0.26 | 0.34 | 0.12 | 0.17 | 0.48 |
| Dividends Per Share | 0.10 | 0.10 | 0.07 | 0.04 | 0.14 |
| Total Assets | 70,564.69M | 71,203.03M | 67,416.94M | 74,305.96M | 77,261.54M |
| Total liabilities | 36,716.15M | 37,221.60M | 37,821.63M | 41,074.67M | 39,824.80M |
| Total equity | 31,280.83M | 31,314.99M | 27,111.85M | 30,224.27M | 34,246.50M |
| Operating cash flow | 9,583.51M | 9,410.53M | 10,424.26M | 6,739.21M | 10,793.24M |
Valuation Measures
| Mar 2022 | |
| PER | 4.52 |
| ROA | 8.06% |
| ROE | 18.94% |
| Operating margin | 12.23% |
| Profit margin | 9.26% |
Key executives
- Chairman & Chief Executive Officer: Arun Kumar Singh
- Chief Financial Officer & Finance Director: Pomila Jaspal
- Director, Director-Technical & Field Services: Om Prakash Singh
- Secretary & Compliance Officer: Rajni Kant
- Executive Director & Director-Production: Pankaj Kumar
Shareholders
- Government of India (58.8%)
- Life Insurance Corporation of India (Investment Portfolio) (9.7%)
- Indian Oil Corp. Ltd. (7.8%)
- ICICI Prudential Asset Management Co. Ltd. (3.8%)
- GAIL (India) Ltd. (2.4%)
- Nippon Life India Asset Management Ltd. (Invt Mgmt) (2.2%)
- Fidelity Management & Research Co. LLC (1.4%)
- SBI Funds Management Pvt Ltd. (0.9%)
- The Vanguard Group, Inc. (0.9%)
- HDFC Asset Management Co. Ltd. (Invt Mgmt) (0.8%)
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 Energy Centre
- Gujarat State Petroleum Corp. Ltd. /KG Basin Block/
- ONGC Mangalore Petrochemicals Ltd.
- ONGC Videsh Ltd.
- Mangalore Refinery and Petrochemicals Limited
- Hindustan Petroleum Corporation Limited
Competitors
- Indian Oil Corp. Ltd.
- Vedanta Limited
- PetroNeft Resources Plc
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