Oil & Natural Gas Corpn Ltd share Price

Oil and Natural Gas Corporation Ltd is in the Crude Oil and Natural Gas sector with the Market Capitalization of worth Rs. 142,408.76 crores, it is incorporated in the year 1956. It has reported consolidated sales of Rs. 114168.26 crores in March’2021. The company is listed in the Bombay Stock Exchange (BSE) with the code 500312 and additionally listed in the National Stock Exchange (NSE) with the code ONGC.

Oil and Natural Gas Corporation Ltd also referred to as ONGC Ltd, is an Indian company owned and controlled by the government. It is under the ownership of the Ministry of Petroleum & Natural Gas, Government of India. ONGC Ltd is largest oil and gas exploration and production company and produces around 70% of the country’s crude oil and 84% of the entire natural gas produced in the country. ONGC Ltd has been awarded the Maharatna status by the Government of India in 2010. ONGC Ltd is the biggest profit-making PSU (Public Sector Undertaking) in the country. ONGC Ltd also ranked 7th in the list of top 250 Global Energy companies published by Platts. The promoters of the company own 60.41% of the stake in the company, Foreign Institutional Investors (FII) own 8.06%, Domestic Institutional Investors (DII) own 17.6% of the stake, and others (such as public and retail investors) hold the balance of 13.93%.

In June 2021, quarterly net revenue was Rs. 23,021.64 crores, which has increased by approximately 76.94 % from Rs. 13,011.29 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 4,334.75 crores, which has also increased by nearly 773.99% from a net profit of Rs. 495.97 crores in June 2020. In June 2021, the reported operating profit was at Rs. 14,117.03 crores, which is also increased by 98.04% as compared to an operating profit of Rs. 7,128.2 crores for the quarter ending in June 2020. From Rs. 0.39 in June 2020, the EPS of ONGC Ltd has risen to Rs. 3.45 per share in June 2021. ONGC’s stock closed at Rs. 113.20 on 18th August’2021 (NSE) and has returned 10.71% in the last six months and 42.75% in the previous year.