ONGC Share Price Target 2024, 2025, 2027, 2030 and 2040

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Table Of Contents

What is ONGC Company?
Financial Data Analysis Of ONGC Share Price Target
ONGC Share Price History (2024 to 2040)
Peer Comparison
Investor Types and Ratios of ONGC
Advantages and Disadvantages of ONGC Shares
FAQs
Conclusion

When considering the best shares to invest in, one cannot overlook the potential of ONGC. In this blog, we will delve deep into the ONGC Share Price Target 2024, 2025, 2027, 2030 and 2040. We’ve conducted thorough research and consulted financial experts to bring you insights into the company’s growth, financial performance, and future prospects.

What is ONGC Company?

Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector company under the Ministry of Petroleum and Natural Gas. Founded in 1956, ONGC is the largest oil and gas exploration and production company in India. Headquartered in Delhi, ONGC plays a vital role in the country’s energy security by producing a significant share of India’s crude oil and natural gas. Here will go in-detailed research on ONGC Share Price Target.

Company Name: Oil & Natural Gas Corporation Limited
Market Cap: ₹4,03,785.30 Crore
Book Value: ₹244.23
Face Value: ₹5
52 Week High: ₹335.50
52 Week Low: ₹168.90
Dividend Yield: 3.84%
P/B Ratio: 1.32

With a strong market presence and healthy financials, ONGC is a key player in India’s oil and natural gas industry.

Financial Data Analysis Of ONGC Share Price Target

Understanding the financial health of ONGC is crucial for predicting its future share price. Below, we break down some key financial ratios that help in assessing the company’s performance:

Metric	Value
PE Ratio	9.93
Return on Assets (ROA)	11.05%
Current Ratio	1.30
Return on Equity (ROE)	15.70%

These ratios are critical as they provide insights into the company’s profitability, operational efficiency, and overall financial health.

ONGC Share Price History (2024 to 2040)

ONGC’s shares have been in a bullish trend for quite some time. Below is a detailed analysis of the projected share prices from 2024 to 2040, considering historical data, current market conditions, and expert forecasts.

ONGC Share Price Target 2024

ONGC is expected to continue benefiting from strong demand for crude oil and natural gas, as global energy markets stabilize post-pandemic.

Year	ONGC Share Price Target 2024
1st Target	₹265.36
2nd Target	₹465.11

The company’s sales have grown significantly, with net sales rising from ₹1,11,412.89 Crore in 2022 to ₹1,45,615.50 Crore in 2023.

ONGC Share Price Target 2025

As ONGC strengthens its position in the oil and gas sector, the company is expected to achieve higher price targets by 2025.

Year	ONGC Share Price Target 2025
1st Target	₹475.01
2nd Target	₹620.85

The company’s LPG production, along with its continued expansion in oil exploration and production, will further support ONGC’s growth in 2025.

ONGC Share Price Target 2027

By 2027, ONGC is projected to have strengthened its international presence through its subsidiary ONGC Videsh, which operates projects across 15 countries.

Year	ONGC Share Price Target 2027
1st Target	₹835.21
2nd Target	₹1020.34

With over 11,000 km of pipelines and investments in green energy, ONGC is positioned to capitalize on both domestic and international market opportunities by 2027.

ONGC Share Price Target 2030

The year 2030 could see ONGC becoming a leader in both traditional and renewable energy markets.

Year	ONGC Share Price Target 2030
1st Target	₹1,510.23
2nd Target	₹1,745.89

ONGC’s venture into synthetic natural gas and its significant investments in renewable energy projects, such as wind and solar, are likely to drive its share prices higher by 2030.

ONGC Share Price Target 2040

Looking further ahead, ONGC’s long-term investments in energy infrastructure and innovative technologies are expected to yield significant returns by 2040.

Year	ONGC Share Price Target 2040
1st Target	₹6,253.23
2nd Target	₹6,489.52

The projected price targets for 2040 reflect ONGC’s continued growth and profitability in the energy sector, bolstered by its expanding portfolio in renewable energy.

Peer Comparison

ONGC operates in a competitive market, with strong competitors in the oil and gas sector. Below are some of the key competitors:

Aban Offshore
Asian Energy
Cals Refineries
Deep Ind

Each of these companies poses unique challenges and opportunities in the marketplace, making the competitive landscape dynamic.

Investor Types and Ratios of ONGC

The growth of ONGC is influenced by various types of investors. Understanding the distribution of these investors provides insights into the company’s market dynamics.

Public Holding

Public investors hold 3.00% of ONGC’s shares. These investors range from individual retail investors to small and large companies.

Foreign Institutional Investors (FII)

FII investors hold 7.90% of ONGC’s shares. This level of international investment is a strong indicator of the company’s global appeal and financial stability.

Domestic Institutional Investors (DII)

DIIs, such as insurance companies and mutual funds, hold 28.20% of the company’s shares. This substantial domestic investment reflects confidence in the company’s long-term prospects.

Advantages and Disadvantages of ONGC Shares

Investing in ONGC shares has its pros and cons, which are important to consider before making any investment decisions.

Advantages

Strong Profit Growth: ONGC has seen a profit growth of 43.26% over the last three years.
Debt-Free Status: ONGC’s debt-free status and a high interest coverage ratio (19.69%) make it a financially strong company.
Solid Sales Growth: The company has achieved a sales growth of 32% over the last year.
Promoter Holding: With a promoter holding of 59.23%, ONGC shows confidence from major investors.

Disadvantages

Slow Revenue Growth: ONGC’s revenue growth has been slower, with a 14.59% increase over the last three years.
Intense Competition: ONGC faces strong competition in the oil and gas sector, which could impact its market share.

Also Read: HDFC Bank Share Price Target 2024, 2025, 2027, 2030, 2040: A Comprehensive Guide

FAQs

What is the ONGC Share Price Target for the year 2024?

The ONGC Share Price Target for 2024 is ₹265.36 for the 1st target and ₹465.11 for the 2nd target.

What is the ONGC Share Price Target for the year 2025?

The ONGC Share Price Target for 2025 is ₹475.01 for the 1st target and ₹620.85 for the 2nd target.

What is the ONGC Share Price Target for the year 2030?

The ONGC Share Price Target for 2030 is ₹1,510.23 for the 1st target and ₹1,745.89 for the 2nd target.

What is the ONGC Share Price Target for the year 2040?

The ONGC Share Price Target for 2040 is ₹6,253.23 for the 1st target and ₹6,489.52 for the 2nd target.

How has ONGC performed in the past?

ONGC has consistently delivered strong financial performance, with steady growth in revenue, profit, and share price over the years.

Conclusion

ONGC stands as a strong investment opportunity in the oil and gas sector, supported by its solid financial performance, growth prospects, and strategic initiatives in renewable energy. As ONGC continues to expand its operations and invest in sustainable technologies, the stock holds the potential for long-term growth, making it a viable option for both retail and institutional investors.

Disclaimer: We are not SEBI-registered advisors. The financial market is inherently risky. This blog is for educational purposes only. Always consult with certified financial experts before making investment decisions.