ONGC Share is in a bullish trend in the share market. During share ups and downs, you should know all about the share details before investing. In this blog, we are going to discuss the ONGC Share Price Target 2025, 2026, 2028, 2030, and 2035. We will try to analyze the share base in the company’s overall performance.
We also look at the company’s profit growth in the last 5 years, the last 5 years’ sales growth, and the last 5 years’ ROE percentage. Similarly, we also compare the share growth, the share price return, amount whether the share has increased or decreased over the last 5 years. We also take advice from experts about when we should invest in the share, which may be helpful for you. Let’s have a look at the ONGC Share Price Target from 2025 to 2035.
Contents
- 1 Overview Of ONGC (Oil & Natural Gas Corporation Limited)
- 2 Fundamental Analysis Of ONGC
- 3 Last Few Years’ Performance Of ONGC Limited
- 4 ONGC Share Price Target 2025
- 5 ONGC Share Price Target 2026
- 6 ONGC Share Price Target 2028
- 7 ONGC Share Price Target 2030
- 8 ONGC Share Price Target 2035
- 9 Peer Company Of ONGC Limited
- 10 Discussion About Shareholding Pattern Of ONGC Limited
- 11 Risk Factors Of ONGC Limited
- 12 What Is The Expert Advice About The Investment In ONGC Share
- 13 FAQ
- 14 Conclusion
Overview Of ONGC (Oil & Natural Gas Corporation Limited)
ONGC is the largest crude oil and natural gas producer in India, contributing around 71% to Indian domestic production. ONGC has a unique distinction of being a company with in-house service capabilities in all areas of exploration and production of oil & gas, which includes oil-field services.
Fundamental Analysis Of ONGC
| Company Name | Oil & Gas Corporation Limited |
| Market Cap | ₹3,04,877.39 Crore |
| Face Value | ₹5 |
| Book Value | ₹267.62 |
| P/B | 0.96% |
| P/E | 8.96 |
| 52 Week High | ₹346.29 |
| 52 Week Low | ₹205 |
| DIV. YIELD | 5.08 |
| ROA | 10.02 |
| ROE | 14.68% |
| Current Ratio | 2.06 |
Last Few Years’ Performance Of ONGC Limited
Profit Growth
- In the last 5 years, 9.35%
- In the last 3 years, 54.26%
- In the last 1 year, 2.36%
The company’s Net Profit was ₹40,099.32 Crore in March 2023, which increased to ₹40,625.43 Crore in March 2024. The company’s Operating Profit was ₹55,896.37 Crore in March 2023, which decreased to ₹48.632.63 Crore in March 2024.
Sales Growth
The sales growth percentage of the company in the last 5 years is described below.
- In the last 5 years, 3.59%
- In the last 3 years, 24.69%
- In the last year, -10.36%
The Net Sales amount of the company was ₹1,44,526.37 Crore in March 2023, which decreased to ₹1,30,345.31 Crore in March 2024.
ROE Percentage
The ROE percentage growth of the company in the last 5 years is described below.
- In the last 5 years, 12.89%
- In the last 3 years, 16.38%
- In the last 1 year, 14.05%
ROCE Percentage
The ROCE percentage growth of the company in the last 5 years is described below.
- In the last 5 years, 16.24%
- In the last 3 years, 20.35%
- In the last 1 year, 19.98%
Total Expenditure Amount
The company’s Total Expenditure was ₹88,625.37 Crore in March 2023, decreasing to ₹ 81,365.29 Crore in March 2024.
The Net Cash Flow Amount
The Net Cash Flow amount of the company was ₹27.29 Crore in March 2023, which decreased to ₹-43.29 Crore in March 2024.
Also Read – IOCL Share Price Target
ONGC Share Price Target 2025 forecast may vary from ₹238.23 to ₹283.38.
Influencing Key Factors Of ONGC Share Price Target 2025
- Products and Services Offered
- ONGC, a Maharatna company, is one of India’s largest crude oil and natural gas companies. It has contributed around 71% of India’s domestic production, single-handedly writing India’s hydrocarbon story. Downstream companies such as IOC, BPCL, HPCL, and MRPL (the latter two are subsidiaries of ONGC) use crude oil as feedstock to produce petroleum products such as gasoline, diesel, kerosene, naphtha, and cooking gas LPG. The company also supplies natural crude oil, gas, and value-added products to India’s leading oil and gas refining and marketing companies.
- Production
- ONGC has discovered seven out of its eight oil and gas wells in India. It has 8.98 billion tonnes of hydrocarbon reserves on its premises and has made over 570 oil and gas discoveries. The company produces over 1.26 million barrels of oil equivalent per day, accounting for about 71% of India’s domestic production. The company owns the largest hydrocarbon land share in India and approximately 15% of India’s total refining capacity.
| Month | ONGC Share Price Target 2025 (1st Price Target) | ONGC Share Price Target 2025 (2nd Price Target) |
| May | ₹238.23 | ₹243.39 |
| June | ₹241.82 | ₹246.70 |
| July | ₹244.67 | ₹259.35 |
| August | ₹257.52 | ₹263.42 |
| September | ₹260.77 | ₹266.35 |
| October | ₹264.03 | ₹271.53 |
| November | ₹268.14 | ₹276.09 |
| December | ₹274.50 | ₹283.38 |
ONGC Share Price Target 2026 forecast may vary from ₹280.64 to ₹321.36.
Influencing Key Factors Of ONGC Share Price Target 2026
- Infrastructure and Facilities
- The public sector company operates 14 seismic teams and manages 262 onshore production facilities, 69 drilling rings (37 on lease), 268 offshore facilities, 54 working rings (25 on lease), and 25,500 kilometers of land in India, including 4,500 kilometers of subsea pipelines. It also owns and operates more pipelines.
- Economic Growth Rate
- ONCG should review the economic growth rate of the countries while making international expansion decisions. Countries with high economic growth rates provide more opportunities to pursue long-term growth objectives. A slow economic growth rate leads to more cautious spending by consumers, which can directly affect ONGC’s revenue growth.
- Inflation
- High oil prices, unemployment indicate economic turmoil, which affects the consumption of people and also creates complications for organizations. Higher fuel price and energy costs means that people will have to use a higher amount of their income to manage their transportation and cope with an overall increase in inflation. Inflation also affects the operational expenditure of the oil and gas companies as higher prices of material purchases increase the cost.
| Month | ONGC Share Price Target 2026 (1st Price Target) | ONGC Share Price Target 2026 (2nd Price Target) |
| January | ₹280.64 | ₹286.37 |
| February | ₹284.19 | ₹293.61 |
| March | ₹235.90 | ₹243.78 |
| April | ₹239.07 | ₹248.91 |
| May | ₹245.32 | ₹251.03 |
| June | ₹249.59 | ₹258.67 |
| July | ₹255.15 | ₹263.05 |
| August | ₹265.29 | ₹277.83 |
| September | ₹275.18 | ₹285.38 |
| October | ₹283.62 | ₹293.30 |
| November | ₹290.35 | ₹312.27 |
| December | ₹309.67 | ₹321.36 |
ONGC Share Price Target 2028 forecast may vary from ₹380.29 to ₹430.27.
Influencing Key Factors Of ONGC Share Price Target 2028.
- Population Demographics
- High population growth and a young population segment are favorable indicators for ONGC when targeting young consumers. It’s important to consider the host country’s attitude towards migration, as a positive attitude promotes diversity managment practices. ONGC should adapt its marketing strategies for diversity and inclusion, enabling recruitment from diverse cultural backgrounds. Workplace diversity enhances productivity, innovation, and overall performance.
- Monitoring Technological Innovation
- ONGC should closely monitor emerging technologies, such as 5G, to stay ahead of the competition. Assessing their potential for positive business outcomes, such as improved user experience and increased speed, will enable ONGC to drive industry transformations and redefine success rules. By embracing technological advancements and staying abreast of ongoing innovations, ONGC can maintain a competitive edge, adapt to disruptions, and establish itself as a technology-driven industry leader.
- Industry Norms On Recycling
- The closed-loop, circular economy principle is gaining traction in several industries and regions. Countries with supportive institutional mechanisms facilitate material recycling and reusing practices. Additionally, some customers actively participate in the recycling process. ONGC can capitalize on these sustainability trends to not only reduce environmental costs but also achieve economic benefits, such as reduced production costs.
| Month | ONGC Share Price Target 2028 (1st Price Target) | ONGC Share Price Target 2028 (2nd Price Target) |
| January | ₹380.29 | ₹388.03 |
| February | ₹385.92 | ₹396.57 |
| March | ₹367.09 | ₹372.64 |
| April | ₹370.85 | ₹377.27 |
| May | ₹375.08 | ₹384.93 |
| June | ₹382.81 | ₹386.36 |
| July | ₹384.26 | ₹393.06 |
| August | ₹390.75 | ₹397.82 |
| September | ₹394.06 | ₹406.19 |
| October | ₹403.25 | ₹415.39 |
| November | ₹413.82 | ₹424.38 |
| December | ₹423.77 | ₹430.27 |
ONGC Share Price Target 2030 forecast may vary from ₹482.35 to ₹512.67.
Influencing Key Factors Of ONGC Share Price Target 2030
- 3-D Virtual Reality Centers
- For real-time communication and information on onshore and offshore applications, ONGC has set up four 3-D virtual reality centers known as the Third Eye. These facilities are utilized by ONGC to network all of its centers together using parallel computing technology for all of its key projects. They are also used for expansion and production activities, including real-time surveillance of producing oil and gas fields.
- EPINET
- ONGC has set benchmarks for the industry to follow. In order to construct a virtual database and a real E&P information network for modeling different basins’ petroleum systems, ONGC established EPINET. All production and drilling executives at various levels use SCADA to access online SCADA data and utilize it for enhanced operational effectiveness and productivity.
- Collaboration With The Indian Institute Of Technology
- In order to improve the exploration and production of hydrocarbons and alternative energy sources, ONGC signed a Memorandum of Collaboration (MoC) at the start of 2015 with seven IITs. According to the MoC, the R&D institutes of ONGC and the IITs should collaborate on advanced research and development projects for the country’s exploration and production (E&P) sector in general and the activities of ONGC related to the oilfield in particular.
| Year | ONGC Share Price Target 2030 |
| 1st Price Target | ₹482.35 |
| 2nd Price Target | ₹512.67 |
ONGC Share Price Target 2035 forecast may vary from ₹787.39 to ₹839.72.
Influencing Key Factors Of ONGC Share Price Target 2035
- Operations
- ONGC Limited’s operations include conventional exploration and production. It is involved in exploring for and exploiting hydrocarbons in 26 sedimentary basins of India, owns and operates over 11,000 kilometers of pipelines in the country, and operates a total of around 230 drilling and workover rigs. The company’s domestic operations are structured around 11 assets (predominantly oil and gas producing properties), 7 basins (exploratory properties), and 2 plants (at Hazira and Uran), and services inputs and support such as drilling, geophysical, logging, and well services.
- Exploration
- A delegation under the leadership of the Ministry of Natural Resources visited several European countries to study the status of the oil industry in those countries and to facilitate the training of Indian professionals for the exploration of potential oil and gas reserves. Experts from Romania, the Soviet Union, the United States, and West Germany subsequently visited India and helped the Government with their expertise.
| Year | ONGC Share Price Target 2035 |
| 1st Price Target | ₹787.39 |
| 2nd Price Target | ₹839.72 |
Also Read – Suzlon Energy Share Price Target
Peer Company Of ONGC Limited
| Company Name | Market Cap (Crore) |
| Aban Offshore | ₹244.53 |
| Dolphin Offshor | ₹1,488.17 |
| Gujarat Natural | ₹615.18 |
| HOEC | ₹2,402.86 |
ONGC Limited mainly has four types of shareholding patterns, such as promoter holding, public holding, DII, and FII. We can majorly influence the company’s growth depending on the shareholding pattern.
| Investor Type | Percentage |
| Promoter Holding (Owned by the company’s promoter) | 58.60% |
| Public Holding (Held by the public) | 3.80% |
| FII (Invest by Foreign Institutional Investor) | 7.10% |
| DII (Invest money by Domestic Institutional Investor) | 30.50% |
Risk Factors Of ONGC Limited
- The efficiency of a firm may decrease due to slow bureaucratic decisions made by ONGC, which is a government-owned firm.
- ONGC’s market share growth is limited due to intense rivalry, leading to a lower profitability ratio and net contribution percent than the industry average.
- Invests less in the R&D sector compared to the Industry’s fastest rising firms, and has limited success outside of its primary business.
- A lack of financial and technological resources is a fundamental issue for the company, which has contributed to India’s economic slump.
- The company may face various lawsuits due to the differences in liability rules in different markets.
- The introduction of hybrid and electric cars to the market can lead to a reduction in fuel consumption.
- ONGC faces fierce competition from both Indian and global oil companies.
- In some areas, growing local distributor strengths can pose a challenge to ONGC since competition pays larger margins to local distributors.
Positive Sides
- The company had a good profit growth in the last 3 years, which was 54.26%.
- The company has been maintaining a good revenue growth, which was 24.25%.
- The company is virtually debt-free, and the company has a good interest cover ratio, which was 14.25.
- The company has a good cash flow managment, PAT stands at 1.94.
- The company has a good promoter holding capacity, which is 58.60%.
- The has maintained a good ROE ratio, which was 16.38% in the last 3 years.
- The company has maintained a good sales growth, which was 24.69% in the last 3 years.
Also Read – Indus Towers Share Price Target
FAQ
ONGC Share Price Target for 2025 is ₹238.23 to ₹283.38.
ONGC Share Price Target for 2026 is ₹280.64 to ₹321.36.
ONGC Share Price Target for 2028 is ₹380.29 to ₹430.27.
ONGC Share Price Target for 2030 is ₹482.35 to ₹512.67.
ONGC Share Price Target for 2035 is ₹787.39 to ₹839.72.
Conclusion
This website is written to help the investor gain some basic knowledge about the market strategy of ONGC Share. For making this blog, we take consultation from experts and research the company. It is expected that the ONGC Share Price Target will be a good choice to invest in on a long-term basis. The demand for the Oil and gas producer sector in India and outside of the country always increases, as a result of which the company and its share may increase rapidly.
We try to give an in-depth idea about the share. If you think it is helpful to you, you can share it. If you have any questions, please let us know through the comment box. We will try to reply to your questions and solve your problem. Thanks for visiting this website and thanks for being with us.
Disclaimer – We are not SEBI-registered advisors. A financial market is always risky to anyone. This website is only for training and educational purposes. So, before investing, we are requested to discuss certified expertise. We will not be responsible for anyone’s profit or loss.
