Contents
- 1 Share price Overview::
- 2 Company Overview
- 3 Upcoming Projects of ONGC
- 4 ONGC Company Fundamentals:
- 5 ONGC Share price Target Analytics from 2023 to 2030
- 5.1 ONGC share price target 2023|ONGC share price forecast 2023
- 5.2 ONGC share price target 2024|ONGC share price forecast 2024
- 5.3 ONGC share price target 2025|ONGC share price forecast 2025
- 5.4 ONGC share price target 2026|ONGC share price forecast 2026
- 5.5 ONGC share price target 2027|ONGC share price forecast 2027
- 5.6 ONGC share price target 2028|ONGC share price forecast 2028
- 5.7 ONGC share price target 2029|ONGC share price forecast 2029
- 5.8 ONGC share price target 2030|ONGC share price forecast 2030
- 6 ONGC Buy or Sell call: SWOT
- 7 Minimum And Maximum ONGC Share
- 8 ONGC Dividend history
- 9 Conclusion:
- 10 Disclaimer:
Are you looking for a ONGC Share Price Target of 2023, 2024, 2025, 2026, 2027,2028,2029 and 2030?
Here is the in and out of ONGC share price target 2023,2024,2025,2026,2027,2028,2029 and 2030. These predicted share price is based on the comprehensive analysis of the company’s growth potential and historical data.
This load of information helps you with decisions about long-term and short-term investments.
It will surely help you out in SIP(Systematic Investment Plan) for better ROI(Return On Investment).
I am Stanly Knight, a Stock Market research Analyst from 2000 to till date. Having more than 22 years of experience in Stock Market Analysis and Price Analysis in the Indian share Market and American Stock Market. I have even worked as a freelance analyst for many companies to improve their portfolio management and risk analysis of their Investment.
Below we are going to summarize the fundamentals and the share price targets from 2023 to 2030. The fundamentals are accurate as per the NSE(National Stock Exchange) and BSE(Bombay Stock Exchange) data. and the prediction is completely based on our company policies and our team experts’ perspectives.
Company Overview
Oil And Natural Gas Corporation (BSE: 500312, NSE: ONGC)
ONGC(Oil And Natural Gas Corporation), a leading company in India, is a major player in the field of crude oil and natural gas production.
It contributes significantly to India’s energy supply, accounting for about 75% of national output. ONGC is also recognized on the global stage, ranking 11th among the world’s top energy companies according to Platts. It holds the distinction of being the only Indian public sector company to be included in Fortune’s ‘Most Admired Energy Companies’ list.
In Forbes’ 2022 Global 2000 list, ONGC occupies the 229th position. The company is known for its strong corporate governance and is ranked 26th among publicly traded companies by Transparency International The world’s largest public. ONGC has a unique position as the world’s largest exploration and production (E&P) company.
It is known for generating significant profits and dividends. What sets ONGC apart is its comprehensive in-house capabilities for all aspects of oil and gas exploration and production, as well as related oilfield services. This public sector company has been recognized as an Employer of Choice and has a dedicated team of more than 33,500 professionals working tirelessly in challenging locations, 24 hours a day.
Upcoming Projects of ONGC
| Year | Projects |
|---|---|
| 2023 | On March 31, 2023, ONGC (Oil Natural Gas Corporation Limited) donated a significant amount of money, around Rs 4,00,000.100 crores or USD 12.2 million to a fund called PM CARES Fund, which helps people in emergencies. Furthermore. |
| 2023 | on February 7, 2023, ONGC Videsh Limited signed an agreement with a company named YPF SA in Argentina during the India Energy Week 2023 event in Bangalore. This agreement resembles a promise to work together in the energy sector. They plan to explore and develop oil and gas, invest in projects and cooperate in research and training. |
ONGC Company Fundamentals:
- PE ratio (price to earnings ratio): This ratio tells us how much investors are willing to pay for a stock relative to the company’s earnings.
- A lower PE ratio usually means the stock is undervalued, but that’s not the only factor to consider.
- ONGC has a PE ratio of 6.98, which is relatively low and suggests it may be undervalued.
- Return on assets (ROA): ROA shows how effectively a company uses its assets to make money.
- Higher ROA values are usually better. ONGC’s ROA is 11.03%, which is not very promising for the company’s future performance.
- Current rate: This ratio shows a company’s ability to cover its short-term liabilities with its current assets.
- A higher current ratio is better because it means the company is better prepared to face unexpected financial challenges.
- ONGC’s current ratio is 1.29, which is quite good.
- Return on equity (ROE): ROE measures the profit a company generates for each rupee of common equity. A higher ROE value is usually better.
- ONGC’s ROE is 15.69%, which is a good sign.
- Debt ratio (D/E ratio): This ratio helps evaluate a company’s capital structure and operating efficiency.
- ONGC’s D/E ratio of 0.03 shows that the company’s financial structure has very little debt.
- Inventory turnover speed: It shows how effectively the company manages its inventory. ONGC’s inventory turnover ratio is 19.22, indicating effective inventory management.
- Sales growth: ONGC recorded a revenue growth of 31.00%, which is considered fair considering its growth and performance.
- Operating amplitude: This tells us how efficiently the business is running.
- ONGC’s operating margin for the current financial year was 37.49%, demonstrating strong performance.
- Dividend yield:
- It reveals the amount of dividends you can expect relative to the stock price. ONGC’s dividend for the current year is Rs 11.25, a dividend yield of 3.02%.
ONGC share price target for 2023, 2024, 2025, 2026,2027,2028,2029 and 2030 are available here. TradingView charts and technical analysis are used to forecast or predict the price of ONGC shares. This price prediction was aided by our team of expert advice.
When a company continually makes more money, it attracts a large number of investors who want a piece of that success pie. As they compete for shares, share prices follow an upward trend.
| First Target | 186 |
| Second Target | 190 |
| Third target | 196 |
Think of it as the magnetic attraction of a business to more and more customers. The bigger the crowd, the higher the sales, and it’s like music to investors’ ears, causing stock prices to fluctuate.
| First Target | 201 |
| Second Target | 204 |
| Third target | 212 |
Sometimes it’s all about mood. If investors feel the same good vibes about a company, they will jump on the bandwagon, sending the stock price soaring. Conversely, a pessimistic mood can cause prices to fall into a downward spiral.
| First Target | 281 |
| Second Target | 289 |
| Third target | 296 |
Imagine a company returning money to its shareholders, like throwing a coin into a wishing well. Shareholders like that and tend to hold on to their shares, or even buy more, which can increase the share price.
| First Target | 336 |
| Second Target | 343 |
| Third target | 354 |
Think of a company as a star athlete in a race, consistently outpacing its competitors. Investors cheer winners, and that cheering can lead to higher stock prices.
| First Target | 473 |
| Second Target | 481 |
| Third target | 496 |
Some companies are riding the wave of booming industries. Investors are flocking to them, believing they are catching the next big wave. This rush of interest can push stock prices up.
| First Target | 594 |
| Second Target | 603 |
| Third target | 615 |
Companies continuously come up with new ideas and products that will attract investors. They see a bright future full of potential, and this optimism can lead to higher stock prices.
| First Target | 792 |
| Second Target | 806 |
| Third target | 820 |
When a company has a strong financial fortress, it acts as a stronghold in the eyes of investors. They feel secure so they invest more, and this consolidation often strengthens stock prices.
| First Target | 1086 |
| Second Target | 1106 |
| Third target | 1123 |
ONGC Buy or Sell call: SWOT
| YEAR | MIN | MAX |
| 2023 | 180 | 196 |
| 2024 | 203 | 212 |
| 2025 | 278 | 296 |
| 2026 | 341 | 354 |
| 2027 | 479 | 496 |
| 2028 | 597 | 615 |
| 2029 | 801 | 820 |
| 2030 | 1094 | 1123 |
ONGC Dividend history
| Ex Date | Dividend type | Dividend % | Dividend Rs Per Share |
| 18-08-2023 | Final | 10 | 0.50 |
| 24-02-2023 | Interim | 80 | 4.00 |
| 21-11-2022 | Interim | 135 | 6.75 |
| 18-08-2022 | Final | 65 | 3.25 |
| 21-02-2022 | Interim | 35 | 1.75 |
Conclusion:
- The above-mentioned ONGC Share Predictions are completely based on our expertise. If you are looking for a stock that is owned by a Government as of 19/09/2023, it’s a good stock for long-term investment, currently, the ONGC shares are Trading at a close call of 186Rs.
- If you are a short-term investor expecting more ROI, It’s completely on your will and knowledge.
- In the last 6 months, the ONGC share price has gained over 22.52% of its share price, it’s a good sign.
- Be aware of stock operators..!!
Is ONGC a good buy for the long term?
YES. By analyzing its past year records, it’s good to buy for the long term by expecting more than 500% ROI in 10 years.
Is ONGC a good stock to buy?
YES, a Public Sector Company which is operated by the Government of India and running successfully with profit for several years tends to make a good stock to buy
Can ONGC be a multibagger?
offcourse? All shares can be multibagger like TITAN Share. Till now ONGC shares have gained up to 729% from its beginning it may further move up because of the natural gas projects and it close be a multi-bagger stock in the next several years.
Because of the intrinsic value and the valuation the true value of ONGC shares will be 206rs
ONGC dividend 2023 record date?
18-08-2023 is the record date for the final dividend, of 10% which is nothing but 0.50Rs per ONGC share to their shareholders.
Adani Power. By seeing the record and the market correction power sector Adani Power will be the best share to buy now.
Disclaimer:
We are not SEBI-registered analysts. The above-mentioned share price is the target and analysis is completely based on our expertise. We do not recommend any of you to purchase any shares and we are not manipulating or handling any of the share price. The above-mentioned share price targets are only for educational and research purposes.
Hello I am Stanly Knight an experienced Stock Market analyst since 2000 in Indian stock market and American Stock Market.