Asia300

Oil & Natural Gas Corp. Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
Aug 14, 2017
Prev close: 161.75
Aug 14, 2017
Market cap:
Market cap(USD):
2,075.77B
32,374.55M
Shares: 12,833.23M

Currency in INR

Company profile

Market(Ticker): BOM(500312)
Sector:
Industry:
Energy Minerals
Oil & Gas Production
Full time employees: --

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 1,421.48B
Gross profit 887,425.6M
Operating income 296,210.2M
Income before tax 299,699M
Net income 204,978.6M
EBITDA 470,564.7M
Diluted EPS 15.97
Dividends per share --
Total assets 3,702.05B
Total liabilities 1,448.91B
Total equity 2,211.89B
Operating cash flow --

Currency in INR

Revenue 21,198.20M
Gross profit 13,233.88M
Operating income 4,417.28M
Income before tax 4,469.31M
Net income 3,056.77M
EBITDA 7,017.37M
Diluted EPS 0.23
Dividends per share --
Total assets 57,011.72M
Total liabilities 22,313.36M
Total equity 34,063.21M
Operating cash flow --

Currency in USD

Valuation measures

Mar 2017

PER 11.58
ROA 5.44%
ROE 10.09%
Operating margin 20.83%
Profit margin 14.41%

Key executive

  • Chairman & Managing Director: Dinesh Kumar Sarraf
  • Executive Director & Finance Director: Adapa Krishnarao Srinivasan
  • Director, Director-Technology & Field Services: Shashi Shanker
  • Secretary & Compliance Officer: M. E. V. Selvamm
  • Executive Director & Onshore Director: Ved Prakash Mahawar

Share holders

  • Government of India(68.0%)
  • Life Insurance Corp. of India(8.7%)
  • Indian Oil Corp. Ltd.(7.6%)
  • GAIL (India) Ltd.(2.4%)
  • The Vanguard Group, Inc.(0.7%)
  • Reliance Nippon Life Asset Management Ltd.(0.6%)
  • ICICI Prudential Life Insurance Co. Ltd. (Invt Port)(0.5%)
  • ICICI Prudential Asset Management Co. Ltd.(0.4%)
  • Norges Bank Investment Management(0.3%)
  • BlackRock Fund Advisors(0.3%)

Address

  • 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

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