ONGC Share Price Target 2024, 2025, 2030, 2040, 2050
Oil and Natural Gas Corporation Limited (NSE: ONGC) is India biggest crude oil and natural gas business, vital to the energy industry. Many investors and market experts are intrigued about this state owned enterprise future share price goals.
ONGC share price projections for 2024, 2025, 2030, 2040, and 2050 are examined in light of several variables that may affect its stock performance.
What is Oil and Natural Gas Corporation Ltd NSE: ONGC?
Contents
- 1 What is Oil and Natural Gas Corporation Ltd NSE: ONGC?
- 2 Key Metrics
- 3 ONGC Share Price Target Tomorrow
- 4 ONGC Share Price Target 2024
- 5 ONGC Share Price Target 2025
- 6 Share Price Target 2030
- 7 Share Price Target 2050
- 8 Peers & Comparison
- 9 Should I buy ONGC stock?
- 10 Oil and Natural Gas Corporation Ltd Earning Results
- 11 Expert Forecasts on the Future of Oil and Natural Gas Corporation Ltd.
- 12 Is ONGC stock good to buy? (Bull case & Bear case)
- 13 Conclusion
- 14 FAQs
ONGC is an Indian multinational crude oil and gas business. Founded in 1956, it is a government agency under the Ministry of Petroleum and Natural Gas. ONGC explores and produces crude oil, natural gas, and value added products. Through ONGC Videsh, ONGC engages throughout the hydrocarbon value chain locally and abroad.
Fundamental Table
| Metric | Value |
| Market Cap | ₹376,548 Crore |
| P/E Ratio | 8.38 |
| Book Value | ₹244.23 |
| Dividend Yield | 4.09% |
| ROCE | 19.12% |
| ROE | 15.70% |
| Debt to Equity | 0.45 |
| Promoter Holding | 58.89% |
| EPS (TTM) | ₹35.76 |
Key Metrics
| FY PE Ratio | PB Ratio | Dividend Yield |
|---|---|---|
| 7.53 | 1.02 | 4.16% |
| Sector PE | Sector PB | Sector Div Yld |
|---|---|---|
| 13.81 | 1.80 | 1.86% |
| Target | Price |
| Maximum | +10.98 |
| Minimum | -11.53 |
Assuming steady global oil prices and the company continued emphasis on growing output, ONGC share price might see modest increases in 2024. We anticipate a share price range of ₹200 to ₹360 for 2024, considering present patterns and assuming modest growth.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 200 | 360 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| November | 285 | 350 |
| December | 230 | 300 |
Additional improvements to ONGC financial health and market position may be possible by 2025. Our forecast for the share price range 2025 is ₹230 to ₹420 if the firm can effectively reduce costs and take advantage of the increasing energy demand.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2025 | 230 | 420 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 230 | 385 |
| February | 235 | 390 |
| March | 240 | 395 |
| April | 245 | 400 |
| May | 250 | 405 |
| June | 255 | 410 |
| July | 260 | 415 |
| August | 265 | 420 |
| September | 270 | 420 |
| October | 271 | 420 |
| November | 278 | 420 |
| December | 280 | 420 |
When trying to predict a firm stock price in 2030, it important to consider things like the direction of the industry, any new technologies that may emerge, and how well the business can respond to changing market circumstances. We forecast a share price range of ₹550 to ₹650 for 2030, supposing ONGC skillfully handles these obstacles and makes the most of development prospects.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2030 | 550 | 650 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 550 | 560 |
| February | 560 | 570 |
| March | 570 | 580 |
| April | 580 | 590 |
| May | 590 | 600 |
| June | 600 | 610 |
| July | 610 | 620 |
| August | 620 | 630 |
| September | 630 | 640 |
| October | 640 | 650 |
| November | 645 | 650 |
| December | 650 | 650 |
Future developments in energy technology, changes in market dynamics, and fluctuations in global economic circumstances all contribute to the high uncertainty when forecasting share values for the year 2050. Our best guess for ONGC share price in 2050 is a range of 1,200 to 1,500 rupees, provided the company successfully adapts to the changing energy market.
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2050 | 1,200 | 1,500 |
| Month | Minimum Price (₹) | Maximum Price (₹) |
| January | 1,200 | 1,225 |
| February | 1,225 | 1,250 |
| March | 1,250 | 1,275 |
| April | 1,275 | 1,300 |
| May | 1,300 | 1,325 |
| June | 1,325 | 1,350 |
| July | 1,350 | 1,375 |
| August | 1,375 | 1,400 |
| September | 1,400 | 1,425 |
| October | 1,425 | 1,450 |
| November | 1,450 | 1,475 |
| December | 1,475 | 1,500 |
Peers & Comparison
| Stock | PE Ratio | PB Ratio | Dividend Yield |
|---|---|---|---|
| Oil and Natural Gas Corporation Ltd | 7.53 | 1.02 | 4.16% |
| Oil India Ltd | 15.80 | 1.90 | 1.57% |
| Hindustan Oil Exploration Company Ltd | 13.74 | 2.65 | — |
| Asian Energy Services Ltd | 64.79 | 8.27 | — |
Should I buy ONGC stock?
When investing in ONGC, examine the pros and downsides. To aid your judgment, consider these data:
| Year | Minimum Price (₹) | Maximum Price (₹) |
| 2024 | 200 | 360 |
| 2025 | 230 | 420 |
| 2030 | 550 | 650 |
| 2040 | 800 | 1,000 |
| 2050 | 1,200 | 1,500 |
ONGC recent financial performance has been excellent. The company revenue increased 17.2% from ₹4,53,461 crore in FY2021 to ₹5,31,315 crore in FY2022. Net profit increased significantly from ₹11,246 crore to ₹40,306 crore during the same time.
Income focused investors like ONGC 4.09% dividend yield. The company 0.45 debt to equity ratio implies financial stability and a robust balance sheet.
Investors should also examine global oil price volatility and ONGC profitability. The company success depends on worldwide crude oil prices, which fluctuate owing to geopolitical and economic factors.
Oil and Natural Gas Corporation Ltd Earning Results
ONGC Q1 FY2024 income was ₹1,67,276 crore, up from ₹1,59,282 crore in the previous quarter. The company net profit fell to ₹9,936 crore from ₹10,015 crore in Q4 FY2023. Reduced oil prices and higher operational expenses caused this drop.
| Quarter | Revenue (₹ Cr) | Net Profit (₹ Cr) | EPS (₹) |
| Q1 FY2024 | 1,67,276 | 9,936 | 7.90 |
| Q4 FY2023 | 1,59,282 | 10,015 | 7.96 |
| Q3 FY2023 | 1,58,128 | 11,045 | 8.78 |
| Q2 FY2023 | 1,51,846 | 12,826 | 10.20 |
Expert Forecasts on the Future of Oil and Natural Gas Corporation Ltd.
Industry analysts are divided about ONGC future. Analysts like the company production increases and oil and gas field exploration. They say ONGC local solid footprint and worldwide development via ONGC Videsh position it for growth.
Some experts worry about fossil fuel based firms’ long term survival in light of the worldwide drive toward renewable energy. They stress that ONGC must diversify and invest in sustainable energy to be competitive in the shifting energy scenario.
Many observers agree that ONGC strong market position and government support provide some stability despite energy transition concerns. However, the company long term success depends on its exploration activities and capacity to adapt to shifting energy dynamics.
Is ONGC stock good to buy? (Bull case & Bear case)
Bull Case:
- Strong oil and gas market position in India
- Regular dividends and high yield
- Government support and energy security strategy for India
- New oil and gas finds might boost output.
- Low value relative to peers internationally
Bear Case:
- Global oil price volatility vulnerability
- Focusing on renewable energy may affect fossil fuel consumption.
- Intervention by the government in pricing and investment
- Possible environmental and regulatory issues
- Domestic private sector competition
Conclusion
ONGC share price will depend on its ability to adapt to the shifting energy environment, control costs, and seize fresh exploration possibilities. The corporation worldwide transition toward renewable energy challenges it, but its strong market position and strategic relevance to India energy security give it a stable basis.
The unpredictable oil and gas business should be weighed against the prospect of regular dividend income from ONGC. Those interested in India energy industry and the company capacity to adapt may like the stock.
Before investing in ONGC or any other stock, you should study, consider your financial objectives and risk tolerance, and speak with a financial professional.
