| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 2,04,987 | 1,63,108 | +25.7% |
| EBITDA | 15,485 | 25,907 | −40.2% |
| EBITDA margin | 7.6% | 15.9% | −8.3 pts |
| Profit before tax | 6,415 | 15,736 | −59.2% |
| Net profit | 6,554 | 11,554 | −43.3% |
| EPS | ₹9.46 | ₹7.79 | +21.4% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 2,82,918 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 4,661 | 4,661 | 7,807 | 9,513 | 7,809 | ||
| 37,925 | 37,925 | 30,795 | 28,020 | 20,608 | ||
| 1,42,055 | 1,42,055 | 1,53,556 | 1,19,755 | 1,29,186 | ||
| 4,58,237 | — | — | — | — | ||
| 7,04,127 | 6,62,247 | 6,63,262 | 6,43,037 | 6,84,829 | ||
| — | −0.2% | +3.1% | −6.1% | — | ||
| 92,698 | 1,03,120 | 88,861 | 1,02,835 | 75,527 | ||
| 13.2% | 15.6% | 13.4% | 16.0% | 11.0% | ||
| 55,214 | 65,729 | 53,655 | 74,073 | 50,970 | ||
| 44,793 | 49,793 | 38,329 | 57,101 | 32,778 | ||
| 6.4% | 7.5% | 5.8% | 8.9% | 4.8% | ||
| ₹34.59 | ₹32.93 | ₹28.80 | ₹39.13 | ₹28.17 | ||
| — | +14.4% | −26.4% | +38.9% | — | ||
| — | 1,12,719 | 90,868 | 99,263 | 84,211 | ||
| — | −41,282 | −41,031 | −37,916 | −36,792 | ||
| 71,438 | 71,438 | 49,837 | 61,347 | 47,419 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 2,82,917.9 | |
| - Cash, Equiv & ST Investments | 7,808.9 | 9,513.0 | 7,806.9 | 4,661.2 | 4,661.2 | |
| + Minority Interest | 20,607.7 | 28,020.3 | 30,794.6 | 37,925.5 | 37,925.5 | |
| + Total Debt | 1,29,185.6 | 1,19,755.4 | 1,53,555.9 | 1,42,055.1 | 1,42,055.1 | |
| Enterprise Value | — | — | — | — | 4,58,237.3 | |
| Revenue | 6,84,829.2 | 6,43,037.0 | 6,63,262.3 | 6,62,247.3 | 7,04,126.6 | |
| Growth %, YoY | — | -6.1 | +3.1 | -0.2 | — | |
| EBITDA | 75,527.0 | 1,02,835.5 | 88,860.7 | 1,03,119.8 | 92,697.9 | |
| Margin % | 11.03 | 15.99 | 13.40 | 15.57 | 13.16 | |
| EBIT | 50,969.9 | 74,072.7 | 53,654.7 | 65,729.1 | 55,213.9 | |
| Net Income | 32,777.6 | 57,100.8 | 38,328.6 | 49,793.1 | 44,793.3 | |
| Margin % | 4.79 | 8.88 | 5.78 | 7.52 | 6.36 | |
| EPS, Adj (current shares) | 28.17 | 39.13 | 28.80 | 32.93 | 34.59 | |
| Growth %, YoY | — | +38.9 | -26.4 | +14.4 | — | |
| Cash from Operations | 84,211.3 | 99,262.7 | 90,868.2 | 1,12,719.3 | — | |
| Capital Expenditures | -36,792.5 | -37,915.6 | -41,030.8 | -41,281.6 | — | |
| Free Cash Flow | 47,418.9 | 61,347.1 | 49,837.4 | 71,437.8 | 71,437.8 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Oil & Natural Gas Corporation (NSE: ONGC) had a market capitalisation of ₹2,84,050 crore at the 29 October 2026 close (₹225.79 a share), a PE ratio of 6.5 on the last four quarters' profit and a price-to-book ratio of 0.76. In FY26 its consolidated net profit attributable to shareholders was ₹41,424 crore on revenue of ₹6,62,247 crore; in Q1 FY27 (April–June 2026) it was ₹11,899 crore, up 21.4% year on year. Its debt-to-equity ratio was 0.35 on 31 March 2026. Promoters held 58.89% of the shares on 30 September 2026.
ONGC's PE ratio is 6.5 at the 29 October 2026 close (₹225.79 a share): a market capitalisation of ₹2,84,050 crore divided by consolidated net profit attributable to shareholders of ₹43,519 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹41,424 crore) it is 6.9.
ONGC's price-to-book (PB) ratio is 0.76 at the 29 October 2026 close: a market capitalisation of ₹2,84,050 crore divided by shareholders' equity (book value) of ₹3,71,768 crore on 31 March 2026. That is a book value of ₹295.52 per share against a share price of ₹225.79.
ONGC's net worth — shareholders' equity in its consolidated balance sheet — was ₹3,71,768 crore (₹3.72 lakh crore) on 31 March 2026, up 8.2% from ₹3,43,440 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,84,050 crore at the 29 October 2026 close.
ONGC's market capitalisation was ₹2,84,050 crore (₹2.84 lakh crore) at the 29 October 2026 close: 1,258.03 crore shares at ₹225.79 each.
No. ONGC had borrowings of ₹1,42,055 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.35. Its cash and current investments were ₹35,286 crore, so its net debt was ₹1,06,769 crore.
ONGC's basic earnings per share (EPS) were ₹32.93 in FY26, against ₹28.80 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹34.60.
ONGC's debt-to-equity ratio was 0.35 on 31 March 2026: borrowings of ₹1,42,055 crore against total equity of ₹4,09,693 crore. A year earlier, on 31 March 2025, it was 0.41.
In 2026, ONGC has declared two dividends totalling ₹7.25 a share: ₹6.25 (interim) with record date 18 February 2026 and ₹1 with record date 4 September 2026.
Promoters held 58.89% of ONGC on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, ONGC's return on equity (ROE) was 11.6% and its return on capital employed (ROCE) was 10.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 10.7% and ROCE 9.3%.
ONGC's dividend yield is 5.87% at the 29 October 2026 close: dividends of ₹13.25 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹225.79. They were ₹1 on 4 September 2026, ₹6.25 on 18 February 2026 (interim) and ₹6 on 14 November 2025 (interim).
On 30 September 2026, ONGC's shares were held by promoters 58.89%, foreign portfolio investors (FII/FPI) 8.56%, domestic institutions (DII) 18.66% (including mutual funds at 7.11%) and retail and other non-institutional investors 3.60%. Over the year, FII holding was up 1.58 percentage points from 6.98% and DII holding was down 1.30 percentage points from 19.96%.
ONGC's book value per share was ₹295.52 on 31 March 2026: shareholders' equity of ₹3,71,768 crore divided by the 1,258.03 crore shares in issue, up 8.2% from ₹273.00 a year earlier. The share price at the 29 October 2026 close was ₹225.79.
In FY26, ONGC generated ₹1,12,719 crore of cash from operations and spent ₹41,282 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹71,438 crore. In FY25 it was ₹49,837 crore.
ONGC's latest results are for Q1 FY27 (April–June 2026), filed on 4 August 2026: consolidated net profit attributable to shareholders ₹11,899 crore, up 21.4% from ₹9,804 crore in Q1 FY26; revenue from operations ₹2,04,987 crore, up 25.7% year on year.
In FY26 (April 2025–March 2026), ONGC's consolidated net profit attributable to shareholders was ₹41,424 crore, up 14.4% from ₹36,226 crore in FY25, on revenue from operations of ₹6,62,247 crore (down 0.2%). Over three years, from FY23, net profit was up 16.9%.
ONGC will announce its Q2 FY27 results (July–September 2026) on Thursday, 5 November 2026, the date of the board meeting it has notified to the exchanges.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, ONGC's PE ratio is 6.9, the third highest of the four: Oil India 11.2, Reliance Industries 19.6 and HPCL 4.0, a peer average of 11.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against Oil India, Reliance Industries and HPCL: ONGC's operating margin of 9.9% is the third highest of the four (Oil India 20.9%, Reliance Industries 11.3%, HPCL 4.9%; peer average 12.3%); its return on equity of 11.6% is the third highest of the four (Oil India 12.3%, Reliance Industries 9.3%, HPCL 30.9%; peer average 17.5%); its revenue growth over three years of −1.1% a year is the third highest of the four (Oil India −3.4% a year, Reliance Industries 6.5% a year, HPCL 0.9% a year; peer average 1.3% a year).
In FY26, ONGC earned net profit attributable to shareholders of ₹41,424 crore on revenue of ₹6,62,247 crore, against ₹6,620 crore on ₹37,050 crore for Oil India. ONGC's operating margin was 9.9% (Oil India 20.9%) and its return on equity 11.6% (Oil India 12.3%). At the 29 October 2026 close, ONGC's market capitalisation was ₹2,84,050 crore against ₹73,929 crore for Oil India, and its PE ratio on FY26 profit 6.9 against 11.2.
From Oil & Natural Gas Corporation's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.