Oil & Natural Gas Corpn Financial Statements

Name: Oil & Natural Gas Corpn Financials — historical data
Creator: StockeZee

For Mar 2026, Oil & Natural Gas Corpn reported revenue of ₹6,62,247 crore and net profit of ₹41,424 crore. Return on equity stands at 11.70%. Profit & loss, balance sheet and cash flow across 9 reported years are below.

Updated 31 Jul 2026Source: NSE & BSE company filingsNifty 50 constituent

Latest year revenue: ₹6,62,247 Cr
EBITDA: ₹1,03,120 Cr
Operating margin: 15.57%
Profit after tax: ₹41,424 Cr
Net margin: 6.26%
EPS: ₹32.93
Latest year: Mar 2026
Years reported: 9

Oil & Natural Gas Corpn profit & loss

Reported annual performance for Oil & Natural Gas Corpn, oldest to newest. Figures in ₹ crore unless a row states otherwise.

Oil & Natural Gas Corpn annual profit and loss statement. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue from Operations	3,62,246	4,53,461	4,25,001	3,60,572	5,31,762	6,84,829	6,43,037	6,63,262	6,62,247
Sales Growth YoY %	—	25.18%	-6.28%	-15.16%	47.48%	28.78%	-6.1%	3.15%	-0.15%
Other Income	7,468	8,149	8,532	9,323	7,438	8,074	12,222	12,394	12,357
Total Income	3,69,714	4,61,609	4,33,533	3,69,895	5,39,199	6,92,903	6,55,259	6,75,656	6,74,604
Cost of Goods Sold (COGS)	1,97,911	2,67,120	2,66,054	1,91,309	3,31,861	4,56,316	3,99,371	4,26,547	4,02,335
Cost of Materials Consumed	76,230	1,04,873	88,902	56,664	1,09,293	1,87,630	1,73,336	2,04,456	1,99,223
Purchases of Stock-in-Trade	1,21,689	1,65,342	1,76,006	1,44,562	2,24,871	2,66,120	2,30,470	2,21,402	2,06,346
Changes in Inventories	-8	-3,095	1,146	-9,917	-2,303	2,566	-4,434	690	-3,235
Gross Profit	1,64,335	1,86,340	1,58,947	1,69,263	1,99,901	2,28,513	2,43,666	2,36,715	2,59,913
Gross Margin %	45.37%	41.09%	37.4%	46.94%	37.59%	33.37%	37.89%	35.69%	39.25%
Total Operating Expenses	1,07,470	1,11,696	1,06,802	1,19,797	1,20,027	1,52,986	1,40,830	1,47,854	1,56,793
Employee Benefit Expense	6,093	6,445	6,539	6,314	6,878	6,807	7,313	7,293	7,321
Other Expenses	1,01,377	1,05,251	1,00,263	1,13,484	1,13,149	1,46,179	1,33,517	1,40,562	1,49,472
EBITDA	56,866	74,644	52,145	49,466	79,874	75,527	1,02,835	88,861	1,03,120
OPM %	15.7%	16.46%	12.27%	13.72%	15.02%	11.03%	15.99%	13.4%	15.57%
Total Non-Operating Expenses	28,336	28,272	24,606	31,536	30,474	24,308	37,320	49,590	49,984
Depreciation & Amortisation	23,089	24,026	26,635	25,538	26,883	24,557	28,763	35,206	37,391
Finance Costs	4,999	5,837	7,000	5,079	5,696	7,889	10,194	14,535	13,029
Exceptional Items (Before Tax)	248	-1,591	-9,028	919	-2,105	-8,138	-1,636	-151	-436
Profit Before Tax (PBT)	36,494	51,339	18,014	29,090	52,627	43,017	74,464	51,362	64,621
Tax Expense	13,140	20,880	7,508	8,766	4,797	10,273	19,759	14,069	17,830
Current Tax	9,919	15,874	7,842	9,064	13,352	11,730	14,838	15,239	18,802
Deferred Tax	3,220	5,006	-334	-297	-8,555	-1,456	4,921	-1,170	-972
Effective Tax %	36%	40.67%	41.68%	30.13%	9.12%	23.88%	26.54%	27.39%	27.59%
Total Profit for Period	26,068	33,887	11,560	21,343	49,294	32,778	57,101	38,329	49,793
Less: Non-controlling Interests	3,962	3,392	653	5,095	3,772	-2,663	7,879	2,103	8,369
Net Profit (Owner's PAT)	22,106	30,495	10,907	16,249	45,522	35,440	49,221	36,226	41,424
Net Profit Margin %	6.1%	6.72%	2.57%	4.51%	8.56%	5.18%	7.65%	5.46%	6.26%
PAT Growth YoY %	—	37.95%	-64.23%	48.97%	180.16%	-22.15%	38.88%	-26.4%	14.35%
Earnings Per Share (EPS)	₹17.23	₹24.24	₹8.67	₹12.92	₹36.19	₹28.17	₹39.13	₹28.8	₹32.93
Diluted Shares Outstanding (Cr.)	1,283	1,258	1,258	1,258	1,258	1,258	1,258	1,258	1,258
Profit/Loss from Associates	2,713	3,428	1,054	1,019	1,464	34	2,396	1,036	3,002
Other Comprehensive Income (Net of Tax)	-3,173	-897	-11,902	1,865	4,397	2,871	18,126	-6,488	3,563
Expenses	3,33,220	4,10,270	4,15,519	3,40,805	4,86,572	6,49,887	5,80,795	6,24,294	6,09,983
Material Cost %	21.04%	23.13%	20.92%	15.71%	20.55%	27.4%	26.96%	30.83%	30.08%
Employee Cost %	1.68%	1.42%	1.54%	1.75%	1.29%	0.99%	1.14%	1.1%	1.11%
Other Cost %	27.99%	23.21%	23.59%	31.47%	21.28%	21.35%	20.76%	21.19%	22.57%
Interest Coverage (x)	6.76	8.67	3.64	4.71	9.3	6.46	7.27	3.69	5.04

Oil & Natural Gas Corpn revenue and profit trend

Reported annual revenue and net profit, oldest to newest. Two panels because the two measures live on different scales — one shared axis would distort both.

Oil & Natural Gas Corpn balance sheet

Assets, liabilities and shareholders' equity as reported, in Schedule III order. Figures in ₹ crore unless a row states otherwise.

Oil & Natural Gas Corpn annual balance sheet with assets, liabilities and equity. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Equity	2,36,247	2,24,781	2,42,597	2,83,328	3,01,255	3,65,091	3,74,235	4,09,693
Equity Share Capital	6,290	6,290	6,290	6,290	6,290	6,290	6,290	6,290
Reserves & Surplus	2,11,851	2,00,678	2,14,691	2,53,213	2,74,357	3,30,780	3,37,150	3,65,478
Equity Method Investments	33,051	29,237	35,547	36,915	53,671	55,382	58,647	63,753
Total Equity	2,36,247	2,24,781	2,42,597	2,83,328	3,01,255	3,65,091	3,74,235	4,09,693
Non-Current Liabilities	1,30,424	1,61,457	1,77,403	1,74,697	1,81,004	1,93,825	2,17,646	2,13,323
Long-term Borrowings	53,144	72,083	79,162	88,043	98,360	77,952	98,474	93,823
Deferred Tax Liabilities	47,367	46,138	45,400	38,262	32,136	38,191	38,762	40,655
Non-Current Provisions	27,850	33,101	36,115	36,331	40,423	50,686	54,308	54,453
Other Non-Current Liabilities	1,228	262	793	842	1,250	1,301	1,399	647
Non-Current Financial Liabilities	53,979	81,574	95,095	99,262	1,07,195	1,03,647	1,23,177	1,16,719
Current Liabilities	1,29,032	1,17,661	1,23,265	1,27,424	1,32,270	1,51,186	1,66,842	1,68,795
Short-term Borrowings	48,962	31,575	30,658	19,733	30,826	41,803	55,082	48,232
Trade Payables	32,478	22,968	27,449	40,171	33,643	37,490	38,976	46,933
Current Financial Liabilities	1,16,589	1,06,648	1,08,646	1,08,324	1,16,857	1,32,336	1,48,497	1,48,195
Other Current Financial Liabilities	35,149	52,106	50,539	48,420	52,388	53,043	54,440	53,030
Other Current Liabilities	6,918	6,179	8,998	11,395	9,759	11,338	10,632	12,790
Current Provisions	4,319	4,187	4,879	6,663	5,249	6,917	7,071	7,060
Liabilities Held for Sale	—	—	—	—	—	91	—	93
Current Tax Liabilities	1,205	625	743	1,042	406	595	642	639
Total Liabilities	2,59,455	2,79,118	3,00,668	3,02,121	3,13,274	3,45,102	3,84,488	3,82,212
Total Non-Current Assets	4,05,626	4,23,176	4,50,080	4,79,390	5,00,378	5,76,852	6,23,927	6,49,966
Property, Plant & Equipment (PPE)	2,18,101	2,28,883	2,29,313	2,42,161	2,37,805	2,84,955	3,25,984	3,30,705
Capital Work-in-Progress	29,896	45,932	62,921	71,485	73,975	92,029	87,037	91,478
Intangible Assets	677	764	887	1,027	974	1,356	1,421	1,538
Investment Property	8	8	8	8	8	8	8	8
Non-Current Investments	28,776	16,058	19,058	24,356	20,033	41,445	33,717	34,224
Loans – Non-Current	2,850	3,215	2,822	2,644	2,966	3,443	7,585	11,652
Other Non-Current Assets	15,291	15,495	15,977	15,685	17,735	18,502	19,048	19,830
Non-Current Financial Assets	53,623	48,053	51,785	62,341	61,793	87,068	86,619	96,534
Net Fixed Assets	2,48,674	2,75,580	2,93,121	3,14,673	3,12,753	3,78,339	4,14,442	4,23,721
Total Current Assets	89,948	80,708	93,168	1,05,995	1,14,097	1,33,263	1,34,783	1,41,732
Inventories	35,181	33,051	44,573	54,163	44,238	52,251	58,956	64,918
Trade Receivables	15,396	9,173	16,016	19,187	18,752	19,763	21,228	22,014
Cash & Cash Equivalents	4,106	4,781	4,019	5,450	2,640	4,133	4,554	1,554
Current Investments	5,084	5,345	5,418	5,372	5,169	5,380	3,253	3,107
Loans – Current	1,702	1,182	752	493	458	420	459	454
Current Financial Assets	46,763	36,923	35,940	37,158	62,765	74,559	67,563	67,658
Other Current Assets	7,852	10,535	12,466	14,554	6,959	6,454	8,264	8,841
Other Current Financial Assets	19,478	15,519	6,562	5,265	9,247	12,306	15,445	9,904
Assets Held for Sale	128	14	16	64	54	78	13	208
Current Tax Assets	152	198	188	121	134	—	1	315
Net Working Capital	-39,084	-36,953	-30,097	-21,429	-18,173	-17,924	-32,059	-27,064
Additional Asset Fields	19,837	20,882	24,309	27,153	23,022	29,444	37,872	46,390
Def Govt Grants Curr	—	21	—	—	—	—	—	111
Def Govt Grants Nc	—	382	—	—	—	—	—	849
Def Tax Assets	1,731	2,666	2,694	3,328	2,415	1,424	7,078	7,504
Non Controlling Int	18,106	17,813	21,616	23,825	20,608	28,020	30,795	37,925
Total Assets	4,95,702	5,03,898	5,43,265	5,85,449	6,14,529	7,10,193	7,58,723	7,91,905
Total Borrowings	1,02,106	1,03,658	1,09,820	1,07,776	1,29,186	1,19,755	1,53,556	1,42,055
Net Debt	98,000	98,877	1,05,800	1,02,326	1,26,546	1,15,623	1,49,002	1,40,501
Debt to Equity (x)	0.43	0.46	0.45	0.38	0.43	0.33	0.41	0.35
Current Ratio (x)	0.7	0.69	0.76	0.83	0.86	0.88	0.81	0.84

Oil & Natural Gas Corpn cash flow statement

Cash generated and used across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.

Oil & Natural Gas Corpn annual cash flow statement across operating, investing and financing activities. Figures in ₹ crore unless a row states otherwise.
Line item	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Net Cash from Operating Activities	78,000	84,211	99,263	90,868	1,12,719
Profit Before Tax	52,627	43,017	74,464	51,362	64,621
Depreciation & Amortisation	26,883	24,557	28,763	35,206	37,391
Finance Costs	5,696	7,889	10,194	14,534	13,027
Working Capital Changes	3,671	8,322	136	11,773	15,460
Tax Paid	-13,495	-15,299	-14,566	-13,992	-19,282
Net Cash from Investing Activities	-40,477	-73,209	-57,267	-43,022	-57,676
Purchase of PPE	-33,457	-36,792	-37,916	-41,031	-41,282
Sale of Fixed Assets	367	-24,416	251	317	781
Interest Received	1,946	2,386	4,416	5,707	5,070
Net Cash from Financing Activities	-35,979	-12,916	-45,650	-47,908	-56,331
Proceeds from Borrowings	17,688	27,701	22,459	36,159	39,834
Repayment of Borrowings	-30,682	-10,267	-37,880	-43,547	-55,801
Interest Paid	-4,576	-6,134	-9,364	-11,039	-8,545
Dividend Paid	-12,924	-17,609	-12,895	-16,985	-16,980
Buyback / Redemption of Shares	0	0	0	-7	-0
Lease Liabilities Paid	-5,207	-5,948	-7,362	-11,995	-13,413
Net Change in Cash	1,676	-1,504	-3,591	59	-1,031
Effect of Foreign Exchange Changes	132	410	63	120	257
Free Cash Flow	44,543	47,419	61,347	49,837	71,438
CFO / PBT (x)	1.48	1.96	1.33	1.77	1.74

Oil & Natural Gas Corpn key ratios

Valuation, profitability, return, leverage and per-share measures computed from reported statements — not from adjusted or normalised earnings.

Oil & Natural Gas Corpn trades at a P/E of 7.34× against a sector median of 10.65× — a 31% discount. Sector comparisons can mislead for conglomerates with mixed business lines.

Oil & Natural Gas Corpn valuation, profitability, return and leverage ratios
Ratio	Category	Value
P/E (TTM)	Valuation	7.34
Forward P/E	Valuation	5.69
P/B	Valuation	0.82
PEG (TTM)	Valuation	1.74
EV / EBITDA (TTM)	Valuation	6.02
P/S (TTM)	Valuation	0.46
Operating margin	Profitability	15.6%
Net margin (TTM)	Profitability	6.26%
Return on equity	Return ratios	11.7%
Return on capital employed	Return ratios	14.2%
Return on assets	Return ratios	5.3%
Debt to equity	Leverage & liquidity	0.47
Beta	Leverage & liquidity	0.99
EPS (TTM)	Per share	₹33.39
Book value	Per share	₹295.5
Revenue / share (TTM)	Per share	₹526.42
Cash flow / share	Per share	₹89.6
Dividend yield	Shareholder returns	7.76%
Dividend payout (TTM)	Shareholder returns	41.56%

How this is calculated

Statements are as filed with the exchanges. Consolidated figures are shown where reported. Figures are in rupees crore unless the table states otherwise. Ratios are computed from the same reported statements, not from adjusted or normalised earnings.

Index membership reflects the Nifty 100 as published by NSE Indices, effective 2026-03-30.

Oil & Natural Gas Corpn: frequently asked questions

What is Oil & Natural Gas Corpn's annual revenue?

Oil & Natural Gas Corpn reported revenue of ₹6,62,247 crore in Mar 2026, down 0.2% on the previous financial year.

Is Oil & Natural Gas Corpn profitable?

Oil & Natural Gas Corpn reported a net profit of ₹41,424 crore in Mar 2026, up 14.4% on the previous financial year.

What is Oil & Natural Gas Corpn's EPS?

Oil & Natural Gas Corpn reported earnings per share of ₹32.93 for Mar 2026.

What is Oil & Natural Gas Corpn's operating margin?

Oil & Natural Gas Corpn's operating margin for Mar 2026 was 15.57%.

What is Oil & Natural Gas Corpn's return on equity?

Oil & Natural Gas Corpn's return on equity stands at 11.70%. ROE measures profit generated per rupee of shareholder equity.

How many years of Oil & Natural Gas Corpn financials are shown?

9 reported financial years are tabulated on this page, the most recent being Mar 2026.

Are these figures consolidated or standalone?

Consolidated figures are shown wherever the company reports them, and standalone otherwise. The basis in use is labelled on the statement table.

More Oil & Natural Gas Corpn data

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Disclaimer

The data, ratios and commentary about Oil & Natural Gas Corpn Ltd (ONGC) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.