ONGC · Oil & Gas Operations · INE213A01029
Analyst mean 2.10 · 30 analysts · 38% bullishWhat the numbers mean when read together — computed from the filings, not a score.
Operating cash flow is 226% of trailing profit — the earnings are converting to cash, not just accruals.
Last operating cash flow ₹112,719 cr against trailing net profit ₹49,793 cr. A ratio at or above ~0.9 means reported profit is showing up as real cash.
Net margin improved from 5.3% to 7.9% year-on-year — the business is keeping more of each rupee.
Quarter net margin 7.9% vs 5.3% four quarters earlier. Expansion from operating leverage is healthy; verify it is not a one-off gain.
Free cash flow is positive and consistent — the business funds itself after capex.
Latest free cash flow ₹59,510 cr. Negative in only 0 of 12 years. A self-funding business needs less external capital and dilutes less.
Markers show corporate actions (splits, bonus, dividends). Prices are split-adjusted so the series is continuous.
| Metric | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 168,968 | 159,331 | 167,213 | 167,749 | 163,108 | 157,911 | 167,423 | 173,805 |
| Expenses | 147,183 | 138,757 | 142,858 | 145,983 | 137,429 | 131,390 | 142,088 | 148,449 |
| Other Income | 3,535 | 4,162 | 2,415 | 3,548 | 2,555 | 3,447 | 3,450 | 5,699 |
| Depreciation | 8,501 | 8,254 | 9,539 | 8,912 | 9,384 | 9,273 | 9,388 | 9,345 |
| Profit before tax | 13,125 | 12,655 | 13,480 | 13,137 | 15,509 | 17,284 | 16,190 | 18,640 |
| Net Profit | 9,776 | 9,841 | 9,747 | 8,965 | 11,554 | 12,615 | 11,946 | 13,678 |
| EPS | 7.93 | 8.14 | 6.82 | 5.91 | 7.79 | 8.57 | 7.96 | 8.60 |
| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity Capital | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 | 6,290 |
| Reserves | 214,691 | 253,213 | 274,357 | 332,779 | 337,150 | 365,478 |
| Borrowings | 133,187 | 121,986 | 142,255 | 191,195 | 187,817 | 174,316 |
| Fixed Assets | 243,746 | 254,402 | 250,819 | 317,183 | 336,810 | 369,684 |
| CWIP | 100,309 | 106,719 | 113,945 | 118,729 | 115,724 | 91,478 |
| Investments | 60,320 | 66,642 | 78,873 | 100,862 | 95,617 | 101,084 |
| Total Assets | 541,748 | 583,260 | 613,115 | 736,621 | 752,656 | 791,905 |