In India’s oil and gas sector, Oil and Natural Gas Corporation (ONGC) is one of the major companies. The upstream sector of the oil and gas value chain is a substantial part of ONGC’s operations, which are spread out across several nations. The business has built a solid reputation as a trustworthy participant in the energy industry, providing its stockholders with sizable earnings and revenues.
We shall examine the ONGC share price target from 2023 to 2030 in this article. In this section, we’ll examine the variables that might have an effect on the company’s performance and stock price in the upcoming years. For the purpose of determining a reasonable price target for ONGC shares, we will also consider the company’s financials and the current market trends.
ONGC IN RECENT NEWS
- Investors are booking profits after ONGC shares made sharp gains.
ONGC SHARE PRICE TARGET 2023
|ONGC SHARE PRICE TARGET 2023||Maximum Price||Minimum Price|
The share price target for Oil and Natural Gas Corporation (ONGC) in 2023 is expected to experience both ups and downs. In April, the maximum share price target is ₹158.95, indicating a positive start to the year, but with the minimum target at ₹122.27, there may be some volatility early on. May sees a sharp drop in share price targets, with the maximum target at ₹132.46 and the minimum at ₹101.89. However, in June, the share price target stabilizes at levels similar to April. In July, the share price target is expected to rise, with the maximum target at ₹190.74 and the minimum at ₹146.72. This trend continues in August, with the maximum target at ₹209.81 and the minimum at ₹161.40. September sees a slight increase from August, with the maximum target at ₹220.30 and the minimum at ₹169.47. October sees relative stability, with the maximum and minimum targets remaining the same as August. In November, there is a sharp rise in share price targets, with the maximum at ₹230.80 and the minimum at ₹177.53, possibly due to positive company news or external factors. The year ends on a high note for ONGC, with the maximum share price target at ₹258.49 and the minimum at ₹198.84, indicating strong growth prospects heading into 2024.
ONGC SHARE PRICE TARGET 2024
|ONGC SHARE PRICE TARGET 2024||Maximum Price||Minimum Price|
In January, the maximum share price target is ₹272.10, which is a significant increase from the end of the previous year. However, the minimum price target for the month is ₹1037.03, indicating the potential for significant fluctuations.
February 2024 sees a relatively stable share price target, with the maximum at ₹305.73 and the minimum at ₹254.77. However, the market becomes more volatile in March, with the maximum share price target at ₹321.82 and the minimum at ₹261.64.
In April and May 2024, the share price target experiences significant drops, with the maximum at ₹292.56 and ₹243.80 respectively, and the minimum at ₹225.05 and ₹187.54.
The share price target stabilizes somewhat in June and July, with the maximums both at ₹292.56 and the minimums at ₹225.05 and ₹192.77 respectively.
In August and September 2024, the share price target sees a slight increase from the previous months, with the maximums at ₹273.54 and ₹287.22, and the minimums at ₹217.10 and ₹220.94 respectively.
October and November 2024 see significant increases in the share price target, with the maximums at ₹337.91 and ₹354.80, and the minimums at ₹259.93 and ₹272.92 respectively.
Finally, in December 2024, the maximum share price target reaches ₹361.90, while the minimum is at ₹278.38. Overall, the share price target for ONGC in 2024 is expected to be volatile, with a maximum target of ₹361.90 and a minimum target of ₹1037.03.
ONGC SHARE PRICE TARGET 2025
|ONGC SHARE PRICE TARGET 2025||Maximum Price||Minimum Price|
The share price target for ONGC in 2025 shows a positive trend with some fluctuations. In January 2025, the maximum target is ₹369.14 and the minimum target is ₹283.95. This suggests a strong start to the year, but with some potential volatility. In February and March 2025, the share price target continues to rise with the maximum targets at ₹388.56 and ₹407.99, respectively, and the minimum targets at ₹298.90 and ₹313.84. However, in April and May 2025, the share price target experiences a slight dip with the maximum target at ₹364.28 and ₹331.16, and the minimum target at ₹280.21 and ₹254.74.
In June 2025, the share price target is the same as that of April, indicating possible stabilization in the market. In July and August 2025, the share price target starts to rise again, with the maximum targets at ₹346.93 and ₹361.39 and the minimum targets at ₹266.87 and ₹277.99, respectively. The share price target further increases in September and October 2025 with the maximum targets at ₹379.46 and ₹402.23 and the minimum targets at ₹291.89 and ₹309.40, respectively. In November and December 2025, the maximum targets rise to ₹430.38 and ₹438.99, respectively, with the minimum targets at ₹331.06 and ₹337.68, indicating that the year may end on a high note for ONGC. The maximum share price target for 2025 is ₹438.99, and the minimum is ₹254.74.
ONGC SHARE PRICE TARGET 2026 TO 2030
|ONGC SHARE PRICE TARGET BY||Maximum Price||Minimum Price|
In 2026, the maximum share price target is ₹307.29, while the minimum is ₹215.10. This suggests that there may be some volatility in the market that year.
Moving to 2027, the share price target for ONGC is expected to decrease, with the maximum target at ₹261.20 and the minimum at ₹182.84. This may be due to changes in market sentiment or other external factors.
However, in 2028, ONGC is expected to experience a significant rise in its share price, with the maximum target at ₹470.16 and the minimum at ₹329.11. This suggests that the company may have strong growth prospects that year.
In 2029, the share price target for ONGC is expected to see a further increase, with the maximum target at ₹965.77 and the minimum at ₹676.04. This indicates that the company may be experiencing sustained growth and investor confidence.
Finally, in 2030, the share price target for ONGC sees a slight increase from the previous year, with the maximum target at ₹1,075.52 and the minimum at ₹752.87. This suggests that the company may have solid growth prospects heading into the future.
FINANCIAL STRENGTH OF ONGC (2018 TO 2022)
|ANNUAL||FY 2022||FY 2021||FY 2020||FY 2019||FY 2018|
|Total Revenue Growth (%)||59.17||-22.80||-5.52||30.09||13.14|
|Total Expenses Growth (%)||55.70||-24.72||0.58||28.13||15.94|
|Profit after Tax (PAT)||45,522.11||16,248.69||10,803.60||30,494.96||22,105.93|
|PAT Growth (%)||180.16||50.40||-64.57||37.95||-9.47|
|Operating Profit Margin (%)||12.30||10.93||8.70||13.94||12.78|
|Net Profit Margin (%)||9.26||5.34||2.72||7.23||6.85|
|Basic EPS (₹)||36.19||12.92||8.59||23.81||17.23|
Over the last five years, ONGC’s financial statements reveal that the company’s total revenue has seen a significant increase, with a growth percentage of 59.17% in FY 2022 compared to FY 2021, which had a decline of 22.80%. However, the revenue growth percentage for FY 2020 was -5.52%. The total expenses incurred by the company have also seen a substantial increase, with a growth percentage of 55.70% in FY 2022 compared to FY 2021, which had a decline of 24.72%. The Profit after Tax (PAT) has witnessed a tremendous increase of 180.16% in FY 2022 compared to FY 2021, which had a growth percentage of 50.40%. However, the PAT growth percentage for FY 2020 was -64.57%. The Operating Profit Margin has shown a steady rise, with the highest recorded at 13.94% in FY 2019. The Net Profit Margin has seen a steady increase as well, with the highest recorded at 9.26% in FY 2022. The Basic EPS (₹) has seen a maximum of 36.19 in FY 2022, which is a remarkable increase from 12.92 in FY 2021. Overall, ONGC has shown a substantial growth in revenue, profit and margin over the last five years.
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What is ONGC?
ONGC stands for Oil and Natural Gas Corporation. It is an Indian multinational oil and gas company headquartered in Dehradun, Uttarakhand, India.
What is the revenue growth of ONGC in FY 2022?
The revenue growth of ONGC in FY 2022 was 59.17%.
What is PAT in ONGC’s financial statement?
PAT stands for Profit After Tax. It is the net profit of a company after deducting taxes.
What was the profit growth of ONGC in FY 2021?
The profit growth of ONGC in FY 2021 was 50.40%.
What is the basic EPS of ONGC in FY 2019?
The basic EPS of ONGC in FY 2019 was ₹23.81.
What is the maximum and minimum revenue of ONGC in the last five years?
The maximum revenue of ONGC in the last five years was ₹4,98,707.43 crore in FY 2022, and the minimum revenue was ₹3,13,324.00 crore in FY 2021.
CONCLUSION: OIL AND NATURAL GAS CORPORATION SHARE PRICE TARGET
According to ONGC’s rise in income, PAT, revenue, and profit during the previous five years, the company seems to be in good financial health. Over the years, the company has consistently increased its sales and profits, with the current year’s growth rate being particularly high. However, investors should also take into account any risks related to the energy sector, such as shifting oil prices and altering governmental regulations. To ascertain whether ONGC shares are a good fit for their portfolio, investors should do their own research and analysis as well as speak with financial professionals before making any investment decisions.