Why did Oil and Natural Gas Corporation (ONGC) stock move recently?

On 9/17/2026, Oil and Natural Gas Corporation moved -1.9% — Upstream energy names lagged as crude oil prices declined during the session, which weighed on oil producers even as the softer crude supported the broader index. ONGC was the day's biggest Nifty loser. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is Oil and Natural Gas Corporation (ONGC) overvalued or fairly valued?

MarketChacha shows Oil and Natural Gas Corporation's valuation in context — a forward P/E of about 5.6, a price-to-book of about 0.8 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is Oil and Natural Gas Corporation's revenue?

Oil and Natural Gas Corporation reported revenue of ₹1,32,508 Cr for FY2026, with net profit of ₹32,894 Cr, per official filings.

What is the share price of Oil and Natural Gas Corporation (ONGC)?

Oil and Natural Gas Corporation last traded at ₹232.43 (-1.8% on the day), as of 9/17/2026 — a delayed quote shown for education, not investment advice.

Oil and Natural Gas Corporation

ONGC · NSE · Energy · India

Snapshot

TickerONGC

ExchangeNSE

SectorEnergy

IndustryOil & Gas Integrated

CountryIndia

Employees23,117

HeadquartersNew Delhi, India

Websitewww.ongcindia.com

Filings tracked7

About Oil and Natural Gas Corporation

Oil and Natural Gas Corporation Limited, together with its subsidiaries, engages in the exploration, development, and production of crude oil, natural gas, and value-added products in India and internationally. It operates through Exploration and Production, Refining & Marketing, and Petrochemicals segments. The company offers LPG, naptha, ethane, propane and butane, superior kerosene oil, LSHS, high-speed diesel, aviation turbine fuel, liquefied petroleum gas, light diesel oil, MTO, and other products. It also engages in the refining and marketing of petroleum products; provision of petrochemicals, as well as helicopter services; power generation; LNG supply; pipeline transportation; SEZ development; manufacturing of ethanol and sugar; green and renewable energy business; and operating and chartering of fleets. The company also exports its products. Oil and Natural Gas Corporation Limited was founded in 1955 and is based in New Delhi, India.

Who owns it

Promoters69.2%
Institutions22.5%
Public & other8.2%

225 institutional holders

Ownership breakdown from public market data. Promoter pledge is not included here — that comes from exchange shareholding filings.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Net margin trend25.0% → 31.3%

Margin has expanded by about 6.3 points — the business is getting more profitable.

Growth qualityrev -4% · PAT 2%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (Yahoo Finance). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev ₹2,20,885 Cr · EPS 7.92

Est. earnings growth -0.2%

Next fiscal year

Rev ₹7,59,878 Cr · EPS 41.55

Est. earnings growth -2.8%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: Yahoo Finance

Annual

Quarterly · last 5

Revenue (FY2026)

₹1,32,508 Cr

Net margin

31.3%

Revenue CAGR (3y)

-5.2%

Profit CAGR (3y)

+2.2%

Net profit (FY2026)

₹41,424 Cr

Ask MarketChacha about ONGC

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 17, 2026
Upstream energy names lagged as crude oil prices declined during the session, which weighed on oil producers even as the softer crude supported the broader index. ONGC was the day's biggest Nifty loser.
source 1 ↗source 2 ↗· confidence: medium
Sep 11, 2026
ONGC fell with the broader market as weak global cues, a crude-oil spike on West Asia tensions and rising US bond yields hurt sentiment; no company-specific trigger was reported.
source 1 ↗· confidence: medium
Sep 10, 2026
ONGC advanced as Brent crude held above the $100-a-barrel mark on the widening Middle East conflict. Upstream oil producers typically track crude, and the stock moved with that sector driver rather than on company news.
source 1 ↗· confidence: medium
Sep 8, 2026
ONGC closed at Rs 236 as Brent crude advanced towards $99 a barrel following reported Houthi attacks on Saudi Aramco facilities. Upstream producers gained with the oil price while the Nifty Energy index rose 0.32%.
source 1 ↗source 2 ↗· confidence: medium
Sep 1, 2026
ONGC gained as crude oil prices climbed on renewed US-Iran military exchanges near the Strait of Hormuz, which lifts realisations for Indian upstream producers.
source 1 ↗source 2 ↗· confidence: medium
Aug 25, 2026
ONGC fell to Rs 234 as Brent crude moderated more than 3% to about $89.26 a barrel after US sanctions on Iran fell short of market expectations. Lower crude prices weigh on realisations for upstream oil and gas producers.
source 1 ↗source 2 ↗· confidence: high
Aug 18, 2026
ONGC gained as Brent crude pushed above $91 a barrel on stalled US-Iran talks, a direct positive for upstream oil producers' realisations.
source 1 ↗source 2 ↗· confidence: medium
Aug 14, 2026
ONGC ended lower in a session dominated by caution over West Asia tensions and elevated crude prices, with the broader index down for a fourth straight day. No company-specific announcement was reported for the move.
source 1 ↗source 2 ↗· confidence: medium
Jul 27, 2026
ONGC shares fell as Brent crude oil prices dropped below $92 on Middle East peace hopes, pressuring upstream producers like ONGC and Oil India (sector move, no company-specific catalyst).
source 1 ↗source 2 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about ONGC

Financials

Yearly

Period	Revenue	Net profit	Net margin
FY2026	₹1,32,508 Cr	₹41,424 Cr	31.3%
FY2025	₹1,37,846 Cr	₹35,610 Cr	25.8%
FY2024	₹1,38,402 Cr	₹40,526 Cr	29.3%
FY2023	₹1,55,517 Cr	₹38,829 Cr	25.0%

Quarterly

Period	Revenue	Net profit	Net margin
Q1 FY27	₹46,460 Cr	₹11,899 Cr	25.6%
Q4 FY26	₹35,928 Cr	₹6,650 Cr	18.5%
Q3 FY26	₹1,67,423 Cr	₹8,372 Cr	5.0%
Q2 FY26	₹1,57,911 Cr	₹10,785 Cr	6.8%
Q1 FY26	₹32,003 Cr	₹8,024 Cr	25.1%

Figures as reported, in ₹ (crore). Source: Yahoo Finance.

Filings & announcements

2026

Press Release / Media Release
Hon''ble Lieutenant Governor of Ladakh Marks ONGC''s Landmark Completion of Two Deep Geothermal Wells at Puga
BSE7/17/2026
Board Meeting Outcome for Outcome Of Board Meeting
The Board of Directors of the Company, at its meeting held today i.e. 09.07.2026, has inter-alia accorded an in-principle approval for the development of 1.75 MMT capacity Strategic Petroleum ....
BSE7/9/2026
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
Scrutinizer''s Report and Voting Results of Postal Ballot
BSE7/4/2026
Appointment Of Chief Financial Officer Of The Company
The Board has approved the appointment of Shri Anupam Agarwal, Director (Finance) as Chief Financial Officer of the Company.
BSE6/25/2026
Board Meeting Outcome for Outcome Of Board Meeting
The Board of Directors of the Company, at its meeting held today i.e. 25.06.2026, has inter-alia considered the following proposals: 1. Appointment of Shri Satyan Kumar, Director (Strategy ....
BSE6/25/2026
Clarification sought from Oil and Natural Gas Corporation Ltd
The Exchange has sought clarification from Oil and Natural Gas Corporation Ltd on June 24, 2026, with reference to Movement in Volume. <BR><BR>The reply is awaited.
BSE6/24/2026material
Change in Directorate
Additional Charge of the post of Director (Production)
BSE6/22/2026

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.