ONGC Share Price Target: In this article, you will read about ONGC Share Price Target prediction for this year’s end and the upcoming years 2024, 2025, 2027, 2030, and 2035.
By the end of this article, you may get an idea about ONGC, and the expected share price target. We will do the analysis and predict whether the stock is best for long-term investment or not.
ONGC Overview :
Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. ONGC was founded in 14 August 1956. It’s headquarters was located in Vasant Kunj, New Delhi, India. It’s services are Exploration, production, refining, marketing, and transportation of oil and gas. From the below table, you can get to know all the information on its official website.
| Name | Oil and Natural Gas Corporation Limited |
| Industry | Oil and gas |
| Type | Central public sector undertaking (PSU) |
| Founded | 14 August 1956 |
| CEO | Alka Mittal |
| Headquarters | Vasant Kunj, New Delhi, India |
| Services | Exploration production refining marketing and transportation of oil and gas |
| Country | India |
| Locations | India and abroad |
| Website | ongcindia.com |
| Profile | Oil_and_Natural_Gas |
Shareholders of ONGC:
- Promoters. 58.89%
- Retail And Others. 13.55%
- Other Domestic Institutions. 10.75%
- Mutual Funds. 8.43%
- Foreign Institutions. 8.38%
Fundamentals of ONGC:
The market cap of ONGC is ₹ 2.57T. The number of shares outstanding is 12.58B. And Earnings per share is ₹34.22. From the table below, you can get to know about the Price of the earnings Ratio (P/E), BOOK VALUE, Price to book (P/B), and many more like Dividend yield.
| Market cap | 2.57T |
| Enterprise value | ₹3,814,770,081,792.00 |
| Shares outstanding | 12.58B |
| P/E ratio | 5.98 |
| Forward P/E ratio | 5.67 |
| Price / Book | 0.83 |
| Book value | ₹246.19 |
| Payout ratio | 32.87% |
| Quick ratio | 0.49 |
| Current ratio | 1.00 |
| Debt / Equity | 42.66 |
| Price / Sales | 0.44 |
| Earnings per share | ₹34.22 |
| Revenue per share | ₹470.07 |
| Total cash per share | ₹40.37 |
| Forward annual dividend rate | ₹10.25 |
| Ex-Dividend date | November 21, 2023 |
| Forward annual dividend yield | 4.92% |
| Five Year Avg Dividend Yield | 4.80 |
| Total cash | 507.72B |
| Total debt | 1.43T |
| Total revenue | 5.91T |
| Return on assets | 7.33% |
| Return on equity | 16.19% |
| Gross profit | 2.29T |
| Gross margin | 20.90% |
| % Held by insiders | 69.20% |
| % Held by Institutions | 22.86% |
ONGC Share Price NSE/BSE:
ONGC Shares were listed in the (NSE) National Stock Exchange and (BSE) Bombay Stock Exchange.
ONGC shares on NSE are currently trading at around 205.05 INR, each as of December 2023. ONGC shares on BSE are currently trading at 205.05 INR.
Oil And Natural Gas Corporation Ltd. Stock details
| BSE Script Code | 500312 |
| Face Value | 5 |
| Symbol | ONGC |
| BSE Script ID | ONGC |
| ISIN Number | INE213A01029 |
| Industry | Oil Exploration & Production |
| Series | EQ |
| 52 Week High | ₹203.40 (Nov 16, 2023) |
| 52 Week Low | ₹132.90 (Nov 22, 2022) |
ONGC Share Price History:
| Year | ONGC | YOY Chg% |
|---|---|---|
| 1995 | ₹37.78 | – |
| 1996 | ₹35.89 | -5.1% |
| 1997 | ₹63.33 | 76.4% |
| 1998 | ₹44.73 | -29.4% |
| 1999 | ₹45.97 | 2.7% |
| 2000 | ₹26.72 | -41.9% |
| 2001 | ₹29.87 | 11.7% |
| 2002 | ₹77.73 | 160.2% |
| 2003 | ₹177.67 | 128.5% |
| 2004 | ₹182.12 | 2.5% |
| 2005 | ₹261.10 | 43.3% |
| 2006 | ₹290.02 | 11% |
| 2007 | ₹412.17 | 42.1% |
| 2008 | ₹222.55 | -46.1% |
| 2009 | ₹392.52 | 76.3% |
| 2010 | ₹431.13 | 9.8% |
| 2011 | ₹171.30 | -60.3% |
| 2012 | ₹178.23 | 4% |
| 2013 | ₹192.40 | 7.9% |
| 2014 | ₹227.47 | 18.2% |
| 2015 | ₹161.27 | -29.2% |
| 2016 | ₹191.45 | 18.7% |
| 2017 | ₹194.65 | 1.6% |
| 2018 | ₹150.20 | -22.9% |
| 2019 | ₹128.75 | -14.3% |
| 2020 | ₹93.20 | -27.7% |
| 2021 | ₹142.35 | 52.7% |
| 2022 | ₹146.80 | 3.1% |
| 2023 | ₹204.70 | 39.4% |
ONGC Expected Share Price Target:
| Years | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹200 | ₹250 |
| 2025 | ₹250 | ₹300 |
| 2027 | ₹350 | ₹400 |
| 2030 | ₹500 | ₹585 |
| 2035 | ₹700 | ₹750 |
Also Consider Reading: JM Financial Share Price Target.
ONGC Share Price Target 2024:
On the analysis we will get to know the ONGC share price target by 2024, the minimum price range of 200, and the maximum share price of 250. This range of amounts is based on the strategies of the company.
ONGC Share Price Target 2024 As Follows:
| Year | Target 1 | Target 2 |
| 2024 | 200 | 250 |
ONGC Share Price Target 2025:
The expected minimum range of ONGC share price target in 2025 is 250, and the maximum share price target is 300.
ONGC Share Price Target 2025 As Follows:
| Year | Target 1 | Target 2 |
| 2025 | 250 | 300 |
ONGC Share Price Target 2027:
The expected minimum range of ONGC share price target in 2027 is 350, and the maximum share price target is 400.
ONGC Share Price Target 2027 As Follows:
| Year | Target 1 | Target 2 |
| 2027 | 350 | 400 |
ONGC Share Price Target 2030:
Looking ahead to 2030 the expected minimum price range for ONGC shares is 500, and the maximum price range is 585.
ONGC Share Price Target 2030 As Follows:
| Year | Target 1 | Target 2 |
| 2030 | 500 | 585 |
ONGC Share Price Target 2035:
By the year 2035, the expected minimum range of ONGC share price is 700, and the maximum price range is 750.
ONGC Share Price Target 2035 As Follows:
| Year | Target 1 | Target 2 |
| 2035 | 700 | 750 |
Conclusion:
I hope you got clarity on the ONGC Share Price Target from 2024 to 2035. This is just the prediction; You need to analyze the graph to get an idea.
Disclaimer: Dear people, we would like to inform you that we are not authorized by SEBI. The share price target for ONGC is provided for educational and informational purposes only. The price predictions will only be valid when the market sign is positive. We do not recommend anyone to buy, sell, or hold any stock. Investors should make their analysis or take suggestions from their financial advisers/experts before making any investments.
FAQ
1. What is the ONGC Share Price Target for 2024?
A: The expected price target for ONGC in 2024 is 200 to 250 per share.
2. What is the ONGC Share Price Target for 2025?
A: The expected price target for ONGC in 2025 is 250 to 300 per share.
3. What is the ONGC Share Price Target for 2027?
A: The expected price target for ONGC in 2027 is 350 to 400 per share.
4. What is the ONGC Share Price Target for 2030?
A: The expected price target for ONGC in 2030 is 500 to 585 per share.
5. What is the ONGC Share Price Target for 2035?
A: The expected price target for ONGC in 2035 is 700 to 750 per share.
6. What is the listing date of ONGC Share?
A: The listing date of ONGC is 2030.
