Oil & Natural Gas Corp. Ltd.


  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Feb 22, 2018
Prev close: 186.2
Feb 22, 2018
Market cap:
Market cap(USD):
Shares: 12,833.23M

Currency in INR

Company profile

Market(Ticker): BOM(500312)
Energy Minerals
Oil & Gas Production
Full time employees: 33,660

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.

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 2017

  • Local currency
  • US Dollar
Revenue 1,255.94B
Gross profit 453,290.66M
Operating income 279,811.72M
Income before tax 310,400.76M
Net income 204,978.73M
EBITDA 477,452.76M
Diluted EPS 15.97
Dividends per share 6.05
Total assets 4,256.24B
Total liabilities 1,995.48B
Total equity 2,211.89B
Operating cash flow 386,902.01M

Currency in INR

Revenue 18,729.54M
Gross profit 6,759.77M
Operating income 4,172.74M
Income before tax 4,628.90M
Net income 3,056.78M
EBITDA 7,120.09M
Diluted EPS 0.23
Dividends per share 0.09
Total assets 65,546.29M
Total liabilities 30,730.52M
Total equity 34,063.21M
Operating cash flow 5,769.74M

Currency in USD

Valuation measures

Mar 2017

PER 11.58
ROA 5.04%
ROE 9.78%
Operating margin 22.27%
Profit margin 16.32%

Key executive

  • Chairman & Managing Director: Shashi Shanker
  • Chief Financial Officer: Subhash Kumar
  • Co-Secretary & Compliance Officer: M. E. V. Selvamm
  • Executive Director & Onshore Director: Ved Prakash Mahawar
  • Executive Director & Director-Human Resources: Desh Deepak Misra

Share holders

  • Government of India(67.7%)
  • Life Insurance Corp. of India(9.2%)
  • Indian Oil Corp. Ltd.(7.6%)
  • GAIL (India) Ltd.(2.4%)
  • ICICI Prudential Asset Management Co. Ltd.(0.9%)
  • The Vanguard Group, Inc.(0.8%)
  • Reliance Nippon Life Asset Management Ltd. (Invt Mgmt)(0.5%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(0.5%)
  • BlackRock Fund Advisors(0.3%)
  • Norges Bank Investment Management(0.3%)


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

Copyright © 2018 FactSet Research Systems Inc. All rights reserved.