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Energy Minerals

Oil & Natural Gas Corp. Ltd.

  • 171.00 INR
  • +5.75
  • +3.48%
  • India
    Jun 24, 2019
  • Ticker
    BOM(500312)
  • Prev. close
    165.25
  • Market cap (INR)
    2,120.69B
  • Market cap (USD)
    30,580.10M
  • Shares
    12,833.23M

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. The company operates through the Exploration and Production; and Refining and Marketing business segments. Its products include petrol, diesel, kerosene, naphtha, and cooking gas-Liquefied Petroleum Gas (LPG). The company was founded on August 14, 1956 and is headquartered in New Delhi, India.

Financial Highlights

Mar 2019 INRUSD
Revenue4,534.60B64,833.15M
Gross Profit1,558.68B22,285.20M
Operating income598,385.10M8,555.36M
Income before tax547,671.50M7,830.28M
Net income304,949.60M4,359.99M
EBITDA838,647.30M11,990.49M
Diluted EPS23.810.34
Dividends Per Share----
Total Assets4,957.02B71,555.68M
Total liabilities2,594.55B37,452.91M
Total equity2,181.40B31,489.10M
Operating cash flow----
Currency in INRCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 1,598.35B 1,237.83B 2,810.43B 3,217.93B 4,534.60B
Gross Profit 552,568.60M 476,085.13M 591,522.23M 673,714.87M 1,558.68B
Operating income 352,732.36M 288,021.72M 347,723.69M 398,968.50M 598,385.10M
Income before tax 273,703.65M 200,522.49M 417,175.41M 392,075.02M 547,671.50M
Net income 183,335.20M 128,752.12M 244,192.50M 221,059.28M 304,949.60M
EBITDA 527,408.16M 469,186M 573,452.31M 647,232.74M 838,647.30M
Diluted EPS 14.28 10.03 19.03 17.23 23.81
Dividends Per Share 6.33 5.66 6.05 6.60 --
Total Assets 3,586.07B 3,870.30B 4,453.97B 4,602.34B 4,957.02B
Total liabilities 1,756.80B 1,865.64B 2,369.34B 2,394.69B 2,594.55B
Total equity 1,804.51B 1,978.13B 1,943.85B 2,040.18B 2,181.40B
Operating cash flow 345,416.04M 478,111.35M 483,249.25M 617,811.55M --
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 26,140.98M 18,906.73M 41,911.13M 49,916.75M 64,833.15M
Gross Profit 9,037.24M 7,271.71M 8,821.17M 10,450.69M 22,285.20M
Operating income 5,768.93M 4,399.23M 5,185.48M 6,188.81M 8,555.36M
Income before tax 4,476.41M 3,062.77M 6,221.19M 6,081.88M 7,830.28M
Net income 2,998.44M 1,966.55M 3,641.56M 3,429.08M 4,359.99M
EBITDA 8,625.74M 7,166.33M 8,551.70M 10,039.90M 11,990.49M
Diluted EPS 0.23 0.15 0.28 0.26 0.34
Dividends Per Share 0.10 0.08 0.09 0.10 --
Total Assets 57,302.71M 58,443.95M 68,591.28M 70,564.69M 71,555.68M
Total liabilities 28,072.30M 28,172.33M 36,487.91M 36,716.15M 37,452.91M
Total equity 28,834.77M 29,871.06M 29,935.35M 31,280.83M 31,489.10M
Operating cash flow 5,649.27M 7,302.66M 7,206.53M 9,583.51M --

Valuation Measures

Mar 2019
PER6.70
ROA6.38%
ROE14.44%
Operating margin13.19%
Profit margin6.72%

Key executives

  • Chairman & Managing Director: Shashi Shanker
  • CFO, Finance Director & Executive Director: Subhash Kumar
  • Director-Technical & Field Services: Navin Chandra Pandey
  • Joint Secretary & Compliance Officer: M. E. V. Selvamm
  • Executive Director & Exploration Director: Ajay Kumar Dwivedi

Shareholders

  • Government of India (62.9%)
  • Life Insurance Corp. of India (9.2%)
  • Indian Oil Corp. Ltd. (7.6%)
  • GAIL (India) Ltd. (2.4%)
  • ICICI Prudential Asset Management Co. Ltd. (1.7%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (1.0%)
  • The Vanguard Group, Inc. (0.8%)
  • Fidelity Management & Research Co. (0.7%)
  • BlackRock Fund Advisors (0.5%)
  • SBI Funds Management Pvt Ltd. (0.4%)

Contact Details

  • Website:http://www.ongcindia.com
  • Address: Plot No. 5A- 5B, Nelson Mandela Road, 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

  • Total SA
  • Exxon Mobil Corporation
  • Chevron Corporation
  • BP p.l.c.
  • Royal Dutch Shell Plc Class B
  • Eni S.p.A.
  • Equinor ASA
  • Petroleo Brasileiro SA Pfd
  • Indian Oil Corp. Ltd.
  • Eco (Atlantic) Oil & Gas Ltd.
  • Vedanta Limited
  • Sumitomo Chemical Co., Ltd.
Last Updated on 24 Jun, 2019

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