ONGC Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030), ONGC Fundamentals, Future Plans and More.
In this article, we’ll look at a stock that has the potential to provide higher returns compared to what you might get from a bank. The stock in focus is a well-established company in the Oil and Gas industry.
The Oil and Natural Gas Corporation Limited (ONGC) is an Indian government-owned company. It is owned by the Ministry of Petroleum and Natural Gas, which is a part of the Indian Government.
In this article, we will conduct an in-depth analysis of Oil and Natural Gas Corporation Limited shares. We aim to grasp the core aspects of the company, including its financial patterns and ownership structure. By thoroughly analyzing these factors, we will endeavor to forecast the future price target for ONGC shares. Keep reading until the conclusion of this blog for insights
About ONGC
ONGC full name Oil and Natural Gas Corporation Limited, is a government-owned company in India. It operates under the Ministry of Petroleum and Natural Gas. The company’s main office is in New Delhi.
ONGC was established on 14 August 1956, by the Indian government. It is the biggest government-owned company involved in exploring and producing oil and gas in the country. ONGC is responsible for about 70 percent of India’s production of crude oil and approximately 84 percent of its natural gas.
According to a survey conducted by the Government of India for the fiscal year 2019–20, ONGC was identified as the most profitable government-owned company in India. It holds the 25th position among the top 250 global energy companies according to Platts.
Key Peoples
| Chairman | Arun Kumar Singh |
| Managing Director | Arun Kumar Singh |
| CEO | Arun Kumar Singh |
ONGC Shareholding Pattern
- Promoters hold 58.89%.
- Foreign Institutional Investors hold 8.11%.
- Domestic Institutional Investors hold 10.76%.
- Retail and Public 13.55 %.
- Mutual Funds 8.69%.
The Companies with a larger share held by their founders and local investors are generally seen as more secure investments compared to those where the promoters have a smaller stake. In this case, it’s encouraging that the founders and local investors have increased their ownership.
ONGC Financial Trends
ONGC’s stock history indicates it’s been a generally steady and dependable investment option, though it has experienced occasional periods of fluctuation. In 2019, the company earned ₹429,356 Crores in revenue and ₹33,938 Crores in profit. The numbers dropped slightly in 2020, with revenue at ₹405,840 Crores and profit at ₹11,456 Crores.
However, in 2021, there was a rebound with a profit of ₹21,360 Crores and revenue of ₹313,225 Crores. In 2022, the company saw significant gains, achieving a profit of ₹49,294 Crores and revenue of ₹498,738 Crores. As of 2023, ONGC’s revenue stands at ₹640,400 Crores, with a profit of ₹32,778 Crores.
ONGC Share Price Target Table
| Year | ONGC Share Price Target |
| 2023 | ₹200 – ₹210 |
| 2024 | ₹240 – ₹250 |
| 2025 | ₹280 – ₹300 |
| 2026 | ₹340 – ₹360 |
| 2027 | ₹390 – ₹450 |
| 2028 | ₹500 – ₹650 |
| 2029 | ₹745 – ₹840 |
| 2030 | ₹890 – ₹1000 |
For Details about the ONGC Share, You can watch this video –
ONGC Share Price Target 2023
ONGC, a government-owned Indian powerhouse, leads in oil and gas production. It commands 70% of India’s crude oil and 84% of natural gas production. This dominance ensures ONGC reaps substantial gains from rising demand. Post-pandemic, a surge in crude oil demand promises favorable business outcomes. Anticipated is a substantial upswing in ONGC’s share price by 2023, with an initial target of ₹200, and a potential for ₹210 shortly if demand holds steady.
ONGC Share Price Target 2024
Recently, ONGC has actively invested in various companies and collaborated with major players like HPCL, MRPL, and OPal. This cooperative approach is poised to greatly benefit ONGC’s business. In the future, ONGC plans to expand partnerships, promising further advantages. The share price target for 2024 could reach ₹240 initially, followed by a potential ₹250.
ONGC Share Price Target 2025
As oil and gas supplies decrease, people are increasingly turning to renewable energy. While this shift doesn’t directly help ONGC, the company is making a proactive move toward clean energy. The management is focused on increasing clean energy production, which is likely to be very beneficial for ONGC’s business. If they succeed, ONGC’s stock price in 2025 could grow significantly, perhaps hitting ₹280 first, and potentially reaching ₹300 as a second target.
ONGC Share Price Target 2030
The future of ONGC’s traditional oil and gas business appears less favorable for investors in the long run. The company’s management is pivoting towards Renewable Energy, which involves establishing EV charging stations in partnership with HPCL. This shift holds promise for a better future. Shareholders can expect substantial returns by 2030, with the share price possibly reaching close to ₹1000.
Conclusion
The target price based on technical analysis can change, so it’s not always dependable. Before investing, do thorough research, and don’t let greed guide your decisions.
We wrote this article about ONGC’s Share Price Targets for 2023, 2024, 2025, 2026, and 2030 because you asked. If you’re curious about other stocks, let us know in the comments. We’ll cover them in upcoming articles. Feel free to ask if you have any questions – we’ll do our best to help.
FAQs
What will be the share price of ONGC in 2025?
According to our predicted Price, we can get to see the share price of ONGC in 2025 of INR 280 to INR 300.
What will be the share price of ONGC in 2030?
According to our analysis, we can see the share price of ONGC in 2030 of INR 890 to INR 1000.
Is ONGC a debt-free company?
The company has very little debt. It also has a strong ability to cover its interest expenses, with a healthy ratio of 19.67.
