ONGC Share Price Target: 2024, 2025, 2027, 2030, 2040 – An In-Depth Analysis

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Table Of Contents

What Is ONGC Company?
Fundamental Table
Financial Data Analysis of ONGC
History of ONGC Share Price
ONGC Share Price Target 2024
- Monthly Forecast for 2024
ONGC Share Price Target 2025
- Monthly Forecast for 2025
ONGC Share Price Target 2027
ONGC Share Price Target 2030
ONGC Share Price Target 2040
Investor Types and Ratios
Advantages and Disadvantages of ONGC Share
FAQs
Conclusion
Disclaimer

Investing in a well-established energy company can offer substantial returns, especially when the company is as influential as the Oil and Natural Gas Corporation (ONGC). With its extensive background in oil and gas production and a significant market presence, ONGC presents an interesting investment opportunity. In this article, we dive deep into ONGC’s share price targets for the years 2024, 2025, 2027, 2030, and 2040, examining financial metrics, historical performance, and projections based on market trends.

What Is ONGC Company?

The Oil and Natural Gas Corporation Limited (ONGC) is a government-owned oil and gas producer operating under India’s Ministry of Petroleum and Natural Gas. Established in 1956, ONGC is a “Maharatna” company, awarded this prestigious status for its substantial contribution to India’s energy sector. With headquarters in Delhi, ONGC explores and produces crude oil and natural gas across India, with additional ventures in green energy through wind and solar power production.

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

Financial Data Analysis of ONGC

Analyzing ONGC’s financial health gives a comprehensive view of its performance and growth potential. Key indicators like PE ratio, ROA, ROE, and current ratio give insight into the company’s financial stability:

Metric	PE Ratio	ROA	Current Ratio	ROE
Value	9.93	11.05%	1.30	15.70%

History of ONGC Share Price

ONGC has shown a strong bullish trend in the Indian stock market, listed on both NSE and BSE. Over the last few years, ONGC’s share price growth has been impressive:

Last 6 Months: +39.32%
Last 1 Year: +87.80%
3-Year Increase: +178.93%
5-Year Increase: +18%

ONGC Share Price Target 2024

In 2024, ONGC’s projected share price target is based on anticipated demand for oil and gas, coupled with growth in green energy projects. The forecast prices for 2024 are as follows:

Year	Minimum Price (₹)	Maximum Price (₹)
2024	200	360

Monthly Forecast for 2024

Month	Min Price (₹)	Max Price (₹)
January	200	280
February	230	280
March	240	280
April	260	290
May	260	290
June	230	290
July	270	350
August	300	350
September	280	350
October	320	360
November	300	350
December	280	360

ONGC Share Price Target 2025

In 2025, ONGC’s share price is projected to grow due to further investments in infrastructure and expansion. The price targets for 2025 are:

Year	Minimum Price (₹)	Maximum Price (₹)
2025	380	420

Monthly Forecast for 2025

Month	Min Price (₹)	Max Price (₹)
January	380	385
February	385	390
March	390	395
April	395	400
May	400	405
June	405	410
July	410	415
August	415	420
September	420	420
October	420	420
November	420	420
December	420	420

ONGC Share Price Target 2027

By 2027, ONGC’s growth and steady earnings are expected to result in significant share price targets:

Year	1st Target Price (₹)	2nd Target Price (₹)
2027	835.21	1,020.34

ONGC Share Price Target 2030

For long-term investors, the projected price target for ONGC in 2030 suggests promising gains. ONGC’s diversification into clean energy and continued exploration in traditional markets is expected to drive growth.

Year	1st Target Price (₹)	2nd Target Price (₹)
2030	1,510.23	1,745.89

ONGC Share Price Target 2040

Looking far ahead to 2040, ONGC’s position as a market leader could result in substantial share price targets as global energy demand grows:

Year	1st Target Price (₹)	2nd Target Price (₹)
2040	6,253.23	6,489.52

Investor Types and Ratios

The key investor categories and their holdings in ONGC provide insight into the stock’s support base:

Promoters Holding: 60.90%
Public Holding: 3.00%
Foreign Institutional Investors (FII): 7.90%
Domestic Institutional Investors (DII): 28.20%

Advantages and Disadvantages of ONGC Share

Advantages

Profit Growth: Increased by 43.26% over the last 3 years.
Debt-Free: Strong financial standing with minimal debt.
High Promoter Holding: At 59.23%, reflecting confidence from major investors.

Disadvantages

Revenue Growth Challenges: Slow revenue growth at 14.59% over the past 3 years.
Strong Competition: Faces significant competition from other large companies in the oil and energy sectors.

FAQs

What Is the Main Function of ONGC Company?

ONGC primarily focuses on the exploration and production of oil and gas across India, with additional investments in green energy.

What Is the ONGC Share Price Target for 2024?

The ONGC share price target for 2024 ranges from ₹200 to ₹360.

What Is the Future Growth of ONGC Company?

ONGC’s expansion into renewable energy, along with its strong position in oil and gas, is expected to drive growth.

Should I Invest in ONGC Share Right Now?

While investing decisions should be based on individual goals, ONGC’s stable financials and potential growth make it an appealing long-term investment.

Also Read : Jio Financial Share Price Target: 2024, 2025 and 2040

Conclusion

With its substantial reserves and investments in renewable energy, ONGC appears to be well-positioned for sustained growth. Whether you’re considering ONGC for a short-term gain in 2024 or a longer-term investment up to 2040, this guide provides key data to support your decision.