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As of 2026-08-25
On August 18, 2026, ONGC announced the commissioning of gas evacuation facilities at Khoraghat GGS-1 in Assam, connecting associated gas to the North East Gas Grid. This is expected to utilize nearly 1 lakh SCM of gas daily and reduce flaring. Additionally, ONGC clarified on August 18, 2026, that its subsidiary ONGC Videsh received a license from the U.S. government to resume operations in Venezuela, with framework agreements under discussion. The company stated no material financial impact has been assessed yet.
ONGC's Net Profit has shown fluctuations, decreasing from ₹33,938 crore in March 2019 to ₹11,456 crore in March 2020, then increasing to ₹49,294 crore in March 2022, before reaching ₹55,273 crore in March 2024. Sales also varied, from ₹421,624 crore in March 2019 to ₹303,849 crore in March 2021, and then rising to ₹601,581 crore in March 2024. Earnings Per Share (EPS) followed a similar trend, at ₹24.28 in March 2019, dropping to ₹8.59 in March 2020, and recovering to ₹36.19 in March 2022, reaching ₹39.06 in March 2024.
As of August 21, 2026, ONGC is in a strong downtrend on a daily timeframe, with the price below its 20, 50, and 200-day Simple Moving Averages (SMAs) and a negative slope observed in its EMAs. Volatility is high, and risk is elevated. On a weekly timeframe, the trend is described as a weak downtrend, with the price below its 20-day SMA. Monthly data suggests a transition phase in the trend, with the price below its 20-day EMA but a bullish supertrend direction indicated.
Key resistance levels identified are R1 at ₹240.33, R2 at ₹255.88, R3 at ₹262.03, R4 at ₹272.26, and R5 at ₹278.78. Key support levels include S2 at ₹230.32, S3 at ₹226.35, S4 at ₹220.10, S5 at ₹215.48, and S6 at ₹205.00.
On August 17, 2026, ONGC experienced high trading volume without a clear directional price move, indicating increased participation. On July 27, 2026, the stock traded within a materially wider price range than usual, resulting in a price decrease.
Showing 3 of 18 candles
Recent drawdown or price variability is high enough to warrant closer monitoring.
Primary driver: Price remains materially below a previous peak
Trading activity was substantially higher than usual and the price closed lower.
This may reflect stronger-than-usual market participation; follow-through and relevant company or market news merit review.
Trading volume was unusually high, but the closing price did not show a clear directional move.
This indicates increased participation without a clear directional signal.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q1 FY2027 and comparative quarterly trends.
| Metric | Q1 FY2026-27(Latest) | Q4 FY2025-26 | Q3 FY2025-26 | Q2 FY2025-26 | Q1 FY2025-26 |
|---|---|---|---|---|---|
| Revenue From Operations | PEAK₹2,04,987.35 crore | ₹1,73,805.19 crore | ₹1,67,422.93 crore | ₹1,57,911.08 crore | ₹1,63,108.12 crore |
| Income | PEAK₹2,07,775.93 crore | ₹1,77,172.96 crore | ₹1,70,730.43 crore | ₹1,61,019.10 crore | ₹1,65,681.35 crore |
| Expenses | PEAK₹2,01,833.13 crore | ₹1,60,863.71 crore | ₹1,54,682.71 crore | ₹1,44,074.34 crore | ₹1,49,926.32 crore |
| Profit Before Tax | ₹6,414.56 crore | ₹15,847.16 crore | ₹16,092.84 crore | PEAK₹16,944.57 crore | ₹15,736.47 crore |
| Profit Loss For Period | ₹6,554.44 crore | PEAK₹13,677.87 crore | ₹11,946.42 crore | ₹12,614.60 crore | ₹11,554.21 crore |
| Profit Loss For Period From Continuing Operations | ₹5,956.55 crore | ₹10,884.95 crore | ₹11,849.18 crore | PEAK₹12,274.96 crore | ₹11,782.10 crore |
ONGC reported a substantial increase in revenue for the June 2026 quarter, but expenses grew even faster, leading to a sharp decline in profit before tax. A dramatic reduction in tax expense and a swing in exceptional items from a loss to a gain cushioned the fall in net profit. Earnings per share increased despite lower net profit, indicating a change in the share base.
Revenue from operations rose 17.94% from the preceding quarter and 25.68% from the same quarter last year, reaching ₹2,04,987.35 crore. Total income (including other income) followed a similar pattern, increasing 17.27% sequentially and 25.41% year-on-year to ₹2,07,775.93 crore.
Expenses, however, grew at a faster pace. They increased 25.47% quarter-on-quarter and 34.62% year-on-year to ₹2,01,833.13 crore. The absolute sequential increase in expenses (₹40,969 crore) exceeded the revenue increase (₹31,182 crore), compressing the gap between revenue and expenses.
Profit before tax fell 59.52% from the previous quarter and 59.24% from a year ago to ₹6,414.56 crore. Segment profit before tax, which excludes certain unallocated items, also dropped sharply—down 62.38% sequentially and 54.78% year-on-year to ₹7,012.45 crore. The disproportionate growth in expenses relative to revenue is the primary factor behind the decline in profitability.
Tax expense plummeted 90.77% quarter-on-quarter and 88.42% year-on-year to just ₹458.01 crore. This resulted in an effective tax rate of about 7.1% for the quarter, compared to roughly 31.3% in the prior quarter and 25.1% in the same quarter last year.
Exceptional items before tax swung from a loss of ₹462.09 crore in the March 2026 quarter to a gain of ₹471.76 crore in the June 2026 quarter—a positive swing of over ₹933 crore.
Together, the lower tax expense and the favourable exceptional items significantly reduced the impact of the decline in profit before tax on net profit.
Net profit (profit for the period) decreased 52.08% from the prior quarter and 43.27% from a year ago to ₹6,554.44 crore. Net profit from continuing operations was ₹5,956.55 crore, down 45.28% sequentially and 49.44% year-on-year.
Despite the lower net profit, basic and diluted earnings per share increased 10% quarter-on-quarter and 21.44% year-on-year to ₹9.46. This divergence suggests a reduction in the number of outstanding shares during the period.
Finance costs decreased 7.03% from the previous quarter and 14.59% from a year ago to ₹2,853.78 crore, providing a small positive contribution to profitability.
ONGC’s June 2026 quarter was defined by a sharp contrast: revenue grew strongly, but expenses rose even more, crushing profit before tax. The resulting profit collapse was partially offset by a steep drop in tax expense and a swing in exceptional items from a loss to a gain. Earnings per share moved in the opposite direction to net profit, pointing to a change in the share count. The quarter illustrates how cost growth and tax adjustments can significantly affect ONGC’s earnings.
Exchange disclosures and regulatory announcements for Oil and Natural Gas Corporation.
ONGC published an addendum to the notice of its 33rd Annual General Meeting in Financial Express and Jansatta on August 21, 2026, as a routine compliance disclosure under SEBI regulations.
Oil and Natural Gas Corporation Limited (ONGC) issued an addendum to its 33rd Annual General Meeting notice on August 20, 2026, to include the appointment of Dr. Archna Thakur as a Non-Official Independent Director. Dr. Thakur was initially appointed as an Additional Director by the Ministry of Petroleum and Natural Gas effective August 13, 2026, following a member's nomination under Section 160 of the Companies Act, 2013. The Board proposes ratifying her appointment for a three-year term ending August 11, 2029, subject to shareholder approval at the AGM scheduled for August 31, 2026.
ONGC Videsh Limited (OVL), a subsidiary of Oil and Natural Gas Corporation Limited (ONGC), received a license authorization from the US government (OFAC) in July 2026 to resume full oil and gas operations in Venezuela for its two assets, San Cristobal and Carabobo-1. Framework agreements for the next steps on both assets are under discussion with stakeholders. ONGC clarified that no material operational or financial impact from this event can be quantified at this stage, and the share price showed no material movement.
On 18 August 2026, Oil and Natural Gas Corporation Limited (ONGC) commissioned gas evacuation facilities at Khoraghat GGS-1 in Golaghat district, Assam, enabling the processing and evacuation of surplus associated natural gas from the Upper Assam Shelf through the North East Gas Grid. This development facilitates the daily utilization of nearly 1 lakh Standard Cubic Metres (SCM) of gas from ONGC's Jorhat asset via Indradhanush Gas Grid Limited (IGGL). The project complements the Dergaon–Dimapur Pipeline connection to Nagaland and supports ongoing hook-up facility developments at Jantapathar and Kasomarigaon to further augment regional gas availability.
GMR Airports Limited commenced commercial operations at Bhogapuram Airport on August 17, 2026. Viviana Power Tech Limited completed the disinvestment in its subsidiary companies. Viviana Power Tech Limited also informed the exchange about the closure of operations. OM Infra Limited was awarded orders or contracts. Nelco Limited announced a strategic partnership with Elveo to bring next-generation Direct-to-Device and IoT connectivity to South Asian markets, and also disclosed a strategic investment in Lunar Holdco, Inc. on August 17, 2026. CG Power and Industrial Solutions Limited filed that a definitive agreement was executed for the acquisition of Tosil Systems Private Limited by its subsidiary, Axiro Semiconductor Private Limited. Garware Technical Fibres Limited announced a record date of September 1, 2026, for dividend purposes and scheduled its 49th Annual General Meeting for September 8, 2026. Allcargo Logistics Limited reported the resignation of Mr. Shashi Kiran Shetty as Director and Chairman, effective August 5, 2026. Rama Phosphates Limited disclosed the demise of its Secretarial Auditor, Mr. Ashok Patel, on August 16, 2026. : Multiple mutual fund houses (Mirae Asset, Bajaj Finserv, Nippon India, Motilal Oswal, Shriram) declared Net Asset Values (NAVs) for various ETFs as of August 14, 2026. Marine Electricals (India) Ltd issued a press release for its quarter ended June 30, 2026 financial results. Gujarat Pipavav Port Ltd gave notice of its Annual General Meeting on September 9, 2026. Safe Enterprises Retail Fixtures Ltd announced entry into the home furnishings market with a new brand, EVOLV, and first commercial orders. Genesys International Corporation Ltd appointed Nikhil Alulkar as CEO. Balu Forge Industries Ltd received a multi-month contract for 155mm ERFB BB/BT shells. Hero MotoCorp Ltd disclosed a change in management. Aurobindo Pharma Ltd reported that a US FDA inspection at its Aurolife Pharma LLC Raleigh, NC plant was classified as Voluntary Action Indicated (VAI). Sun Pharmaceutical Industries Ltd provided an update on Lipitor antitrust litigation. Kotak Mahindra Bank Ltd and Yes Bank Ltd released investor presentations.
ONGC will participate in Motilal Oswal's 22nd Annual Global Investor Conference 2026 on August 18, 2026, in Mumbai, with group meetings scheduled between 12:00 p.m. and 5:00 p.m. The company stated no unpublished price-sensitive information will be shared during the conference.
ONGC will participate in the Motilal Oswal 22nd Annual Global Investor Conference 2026 in Mumbai on August 18, 2026, for group meetings with institutional investors and analysts. The discussions will cover ONGC's publicly available business operations, financial performance, industry outlook, and business strategy following its Q1 FY'27 earnings call, with no unpublished price-sensitive information to be shared.
The Board of Directors of Oil and Natural Gas Corporation Limited approved the appointment of Dr. Archna Thakur as a Non-Official Independent Director on August 13, 2026, pursuant to approval from the Ministry of Petroleum and Natural Gas dated August 12, 2026. Dr. Thakur's tenure is set for three years effective from the Ministry's letter date or until further orders, with her initial term as Additional Director commencing on August 13, 2026, and extending until the ensuing Annual General Meeting. The filing confirms that Dr. Thakur holds a Doctorate in International Politics, possesses over 20 years of experience in management and social services, and has no disclosed relationships with other directors.
ONGC appointed Dr. Archna Thakur as a Non-Executive Independent Director, effective August 13, 2026, for a term of one month.
Oil & Natural Gas Corporation Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL
Oil & Natural Gas Corporation Limited uploaded the transcript and audio recording of its earnings call held on August 5, 2026, to its investor relations website on August 12, 2026. The company had previously disclosed prior intimation of the call to the exchange on August 1, 2026. The transcript was made available at 19:00:00, while the audio recording was uploaded earlier on the day of the call at 17:00:00.
Signatureglobal (India) Limited reported a consolidated net loss after tax of Rs. 165.29 million for the quarter ended 30 June 2026, compared to a net profit of Rs. 344.35 million in the same quarter of the previous year. Total income from operations fell to Rs. 6,117.24 million from Rs. 8,983.52 million year-over-year. The company had previously allotted Rs. 8,750 million in NCDs to IFC, which are secured by a first charge on Signatureglobal Business Park Limited's project land in Sohna, Haryana, with a minimum security cover of 1.50x; the land's fair value was Rs. 36,155 million as of 30 June 2026.
Oil & Natural Gas Corporation Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 31, 2026 |SUBJECT: Shareholders meeting
ONGC's 33rd Annual General Meeting will be held via video conference on August 31, 2026, at 11:00 AM. The agenda includes adopting audited financials for FY ended March 31, 2026, declaring a final dividend of Rs. 1 per share for FY 2025-26, re-appointing director Vikram Saxena, and fixing statutory auditor remuneration for FY 2026-27. Shareholders will also vote on re-appointing Chairman Arun Kumar Singh (tenure ending Dec 6, 2026) and appointing Satyan Kumar as Director (Strategy & Corporate Affairs) and Anupam Agarwal as Director (Finance).
Oil and Natural Gas Corporation Limited has set Friday, September 4, 2026, as the record date to determine shareholder eligibility for a final dividend of ₹1 per share for the fiscal year 2026. This dividend is subject to approval by the company's members at the upcoming Annual General Meeting.
Oil and Natural Gas Corporation Limited (ONGC) published a notice on August 5, 2026, in the Financial Express and Jansatta regarding its 33rd Annual General Meeting. The meeting will be conducted via Video Conferencing (VC) and Other Audio Visual Means (OAVM), in compliance with SEBI regulations.
Oil and Natural Gas Corporation Limited has uploaded the audio recording of a conference call with analysts and investors held on August 5, 2026. This disclosure is made in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the recording is available on the company's website.
The Board of Directors of Oil and Natural Gas Corporation Ltd. (ONGC) met on August 4, 2026, approving the unaudited financial results for the quarter ended June 30, 2026. The company reported ₹10,000 million in unsecured Non-Convertible Debentures as of June 30, 2026. The financial results noted a contingent liability of USD 1,624.05 million (₹15,365 Crore) related to arbitration on Production Sharing Contracts for Panna Mukta and Mid and South Tapti fields. Additionally, a provision of ₹20,450 Crore was recognized for disputed Service Tax/GST on royalty, with a further ₹6,934 Crore disclosed as a contingent liability for other joint venture partners' shares.
ONGC reported Q1 FY'27 standalone results on August 4, 2026, with net profit surging 112% to ₹17,034 crore and gross revenue increasing 45% to ₹46,460 crore. The company approved a capital investment program exceeding ₹40,000 crore for Western offshore and spudded its first deepwater well in the Mahanadi basin under the Samudra Manthan initiative. Consolidated net profit was impacted by HPCL's loss, but other subsidiaries contributed positively.
Oil and Natural Gas Corporation Limited will host a conference call on August 5, 2026, at 15:30 IST to discuss its Q1 FY'27 financial results. Key personnel including the Director (Finance) will be available to discuss earnings.
Oil & Natural Gas Corporation Limited reported the cessation of two Senior Management Personnel, Executive Directors Mr. Amal Krishna and Mr. Madhukar Mohan, due to superannuation or retirement. The effective date for both changes was August 1, 2026.
Effective August 1, 2026, Oil and Natural Gas Corporation Limited (ONGC) is reporting a change in senior management, specifically the superannuation of two Executive Directors: Amal Krishna and Madhukar Mohan. This disclosure is made in accordance with Regulation 30 of the SEBI (LODR) Regulations, 2015.
Oil & Natural Gas Corporation Limited (ONGC) will hold an Earning (Quarterly Conference Call) for Q1 Results on August 5, 2026, at 15:30:00. The virtual meeting will take place at Deendayal Urja Bhavan, ONGC, New Delhi, with a group of investors/analysts. Dial-in numbers and a weblink for the event are provided.
Oil and Natural Gas Corporation Limited (ONGC) has been allotted 7,157,185 equity shares of ₹100 each by Bharat Ethane One IFSC Private Limited and an equal number of shares by Bharat Ethane Two IFSC Private Limited on July 31, 2026. This allotment, made on a rights basis, maintains ONGC's 50% shareholding in each joint venture company, which was established with M/s Mitsui O.S.K. Lines Ltd., Japan.
Recent market and company developments associated with Oil and Natural Gas Corporation.
The brokerage believes ONGC's risk-reward remains attractive, citing a combination of high dividend yields, a constructive outlook for crude prices and improving prospects at its overseas arm ONGC Videsh Ltd. (OVL).
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Stock market today: The market is likely to remain under pressure as the Gift Nifty index signalled a negative opening. Gift Nifty was trading near the 24,187.50 mark, down over 42.60 points from the previous close of Nifty futures.
ONGC commissions gas evacuation at Khoraghat GGS-1 in Assam, linking Upper Assam associated gas to the North East Gas Grid and cutting flaring by 1 lakh SCM/day.
Government allocates 200 SCM of natural gas to boost domestic PNG connections, easing CGD costs and promoting clean energy access.
The new Khoraghat facility will help ONGC evacuate surplus gas from its Jorhat asset, while reducing flaring and improving gas availability across the North-East.
Indradhanush Gas Grid Limited has supplied natural gas to Nagaland for the first time through the National Gas Grid after injecting gas into the Dergaon–Dimapur Pipeline.
ONGC has commissioned gas evacuation facilities at Khoraghat GGS-1 in Assam. This development enables surplus natural gas to be processed and evacuated through the North East Gas Grid. The new connectivity will facilitate the utilization of nearly one lakh SCM of gas daily. Improved gas availability will create opportunities for households and industries in the region.
ONGC confirmed OVL's bid for U.S. approval to resume operations in Venezuela, where it has significant assets that could be developed further. While a prior report suggested a license was granted, ONGC noted no material price movement or financial impact yet has been assessed.
ONGC said ONGC Videsh has two assets in Venezuela, San Cristobal and Carabobo-1, and had been pursuing license authorisation from the US Office of Foreign Assets Control (OFAC) for operations in the country.
Sensex, Nifty, Share Prices Live updates: At around 10.43 am, Sensex fell 503.98 pts or 0.65% to 77,505.27, and Nifty 50 depreciated 124.85 pts or 0.51% to 24,241.15
Sensex Today, Nifty 50 | Stock Market Live - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 17th August 2026.
India set refinery-specific LPG production levels for the first time, totaling 63,810 tonnes/day, to boost domestic supply during disruptions. Reliance's Jamnagar refinery has the largest share.
Stronger crude realizations boosted Q1 profits for both state explorers, but while Oil India expanded output, ONGC’s persistent production decline continues to weigh on its outlook.
India Business News: Oil and Natural Gas Corp (ONGC) and Shell Energy India Private Ltd have signed a non-binding MoU to explore joint opportunities in deepwater and ultra.
Oil India CMD Ranjit Rath is a leading contender for the ONGC chairman position. Eligibility criteria, including age limits, were relaxed for the top job. Several internal and external candidates have applied for the vacant ONGC chairman role. The selection process involves a search-cum-selection committee appointed by the oil ministry.
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Sensex, Nifty, Share Prices Live: Markets remained under pressure through mid-session on Friday. Both indices opened gap-down and have struggled to recover, with selling pressure concentrated in financial stocks even as information technology continued to provide support.
ICICI Securities, Oil and Natural Gas Corporation, buy, Recommendation
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State-run Oil and Natural Gas Corporation (ONGC) Ltd reported a 112 per cent year-on-year increase in standalone net profit for Q1 FY27, reaching ₹17,034 crore, primarily due to higher crude oil prices and increased realisations from new well gas. Despite a consolidated net profit decline due to HPCL's losses, ONGC's core upstream business showed robust growth.
Q1 Results Today, 5th August 2026 Live Updates:
ONGC grants $500 million guarantee for MRPL to import crude oil from Saudi Aramco, valid for two years.
Comprehensive Section Breakdown for Oil and Natural Gas Corporation
Strategic Vision: State-owned crude oil and natural gas exploration and production.
Category: Upstream E&P
Conducts geophysical surveys, drilling, and extraction of oil and gas from offshore platforms (Mumbai High, KG Basin) and onshore fields.
Category: Upstream E&P
Acquires exploration concessions and manages equity oil and gas production assets outside of India.
Key Products & Services: ONGC Videsh Limited
Category: Downstream Refining & Marketing
Refines crude oil, manufactures petrochemicals, and retails petroleum products.
Key Products & Services: Hindustan Petroleum Corporation Limited • Mangalore Refinery and Petrochemicals Limited
Core Thesis: ONGC operates an integrated energy model connecting upstream E&P, international exploration concessions, and downstream fuel refining and petrochemical marketing.
• Upstream to Downstream Integration: ONGC routes its extracted crude oil directly to its refining subsidiaries, HPCL and MRPL, which refine it into commercial fuels and distribute them through retail outlets. • Integrated Petrochemicals Marketing: A joint marketing venture with MRPL and OPaL unifies sales and logistics for polymer and chemical products, enabling bulk pricing and shared warehouses. • Overseas Exploration & Equity Sourcing: ONGC Videsh Limited (OVL) acquires interests in overseas blocks to secure equity oil and gas feedstock channels back to India. • Natural Gas Transmission Sourcing: Domestic offshore natural gas is routed into national pipeline networks operated by GAIL for supply to power utilities and fertilizer manufacturers.
• State-owned upstream exploration and production entity
• Integrated energy model connecting upstream, international, and downstream operations
• Subsidiaries for refining, petrochemicals, and overseas exploration