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Energy Minerals

Oil & Natural Gas Corp. Ltd.

  • 165.30 INR
  • +2.20
  • +1.35%
  • India
    Aug 17, 2018
  • Ticker
    BOM(500312)
  • Prev. close
    163.10
  • Market cap (INR)
    2,093.10B
  • Market cap (USD)
    29,775.42M
  • 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 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 and natural gas; oil field services, transportation of the oil and 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.

Financial Highlights

Mar 2018 INRUSD
Revenue3,622.46B56,191.77M
Gross Profit1,351.54B20,965.15M
Operating income412,391.70M6,397.03M
Income before tax392,074.90M6,081.88M
Net income221,059.20M3,429.07M
EBITDA643,277.10M9,978.54M
Diluted EPS17.230.26
Dividends Per Share----
Total Assets4,602.34B70,564.69M
Total liabilities2,406.10B36,891.10M
Total equity2,040.18B31,280.83M
Operating cash flow----
Currency in INRCurrency in USD

Historical Data

 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 1,733.81B 1,598.35B 1,237.83B 1,255.94B 3,622.46B
Gross Profit 614,377.78M 552,568.60M 476,085.13M 453,290.66M 1,351.54B
Operating income 408,773.72M 352,732.36M 288,021.72M 279,811.72M 412,391.70M
Income before tax 394,134.06M 273,703.65M 200,522.49M 310,400.76M 392,074.90M
Net income 265,065.33M 183,335.20M 128,752.12M 204,978.73M 221,059.20M
EBITDA 571,396.50M 527,408.16M 469,186M 477,452.76M 643,277.10M
Diluted EPS 20.65 14.28 10.03 15.97 17.23
Dividends Per Share 6.33 6.33 5.66 6.05 --
Total Assets 3,542.97B 3,586.07B 3,870.30B 4,256.24B 4,602.34B
Total liabilities 1,792.33B 1,756.80B 1,865.64B 1,995.48B 2,406.10B
Total equity 1,721.46B 1,804.51B 1,978.13B 2,211.89B 2,040.18B
Operating cash flow 560,614.96M 345,416.04M 478,111.35M 386,902.01M --
 Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018
Revenue 28,689.24M 26,140.98M 18,906.73M 18,729.54M 56,191.77M
Gross Profit 10,166.05M 9,037.24M 7,271.71M 6,759.77M 20,965.15M
Operating income 6,763.94M 5,768.93M 4,399.23M 4,172.74M 6,397.03M
Income before tax 6,521.70M 4,476.41M 3,062.77M 4,628.90M 6,081.88M
Net income 4,386.01M 2,998.44M 1,966.55M 3,056.78M 3,429.07M
EBITDA 9,454.84M 8,625.74M 7,166.33M 7,120.09M 9,978.54M
Diluted EPS 0.34 0.23 0.15 0.23 0.26
Dividends Per Share 0.10 0.10 0.08 0.09 --
Total Assets 59,323.93M 57,302.71M 58,443.95M 65,546.29M 70,564.69M
Total liabilities 30,011.10M 28,072.30M 28,172.33M 30,730.52M 36,891.10M
Total equity 28,824.44M 28,834.77M 29,871.06M 34,063.21M 31,280.83M
Operating cash flow 9,276.44M 5,649.27M 7,302.66M 5,769.74M --

Valuation Measures

Mar 2018
PER10.31
ROA4.99%
ROE10.39%
Operating margin11.38%
Profit margin6.10%

Key executives

  • Chairman & Managing Director: Shashi Shanker
  • Chief Financial Officer: Subhash Kumar
  • Co-Secretary & Compliance Officer: M. E. V. Selvamm
  • Executive Director & Offshore Director: Tapas Kumar Sengupta
  • Executive Director & Exploration Director: Ajay Kumar Dwivedi

Shareholders

  • Government of India (67.4%)
  • Life Insurance Corp. of India (9.2%)
  • Indian Oil Corp. Ltd. (7.6%)
  • GAIL (India) Ltd. (2.4%)
  • ICICI Prudential Asset Management Co. Ltd. (1.5%)
  • The Vanguard Group, Inc. (0.7%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port) (0.5%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt) (0.4%)
  • Norges Bank Investment Management (0.4%)
  • BlackRock Fund Advisors (0.3%)

Contact Details

  • Website:http://www.ongcindia.com
  • Address: Pandit Deen Dayal Upadhayay Urja Bha, 5-A Nelson Mandela Marg, New Delhi, 110070, India
  • Phone: +91.11.26754002

Related Companies

  • 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
  • Chevron Corporation
  • BP p.l.c.
  • Royal Dutch Shell Plc Class B
  • Exxon Mobil Corporation
  • Oil India Limited
  • Equinor ASA
  • Eni S.p.A.
  • Oil company LUKOIL PJSC
  • Petroleo Brasileiro SA Pfd
  • Indian Oil Corp. Ltd.
  • Vedanta Resources plc
  • Vedanta Limited
  • Eco (Atlantic) Oil & Gas Ltd.
  • PetroNeft Resources Plc
  • Sumitomo Chemical Co., Ltd.
Last Updated on 17 Aug, 2018

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