IP
IndiaPulse

Oil & Natural Gas Corporation Limited (ONGC)

Large Cap

Energy stocks · Large cap · NSE

Oil & Natural Gas Corp Ltd (ONGC) is an Indian listed company. The provided document is a header for its earnings call transcript, but contains no specific business or operational details.

₹234.65
-1.35 · -0.57%
Quote04 Sept, 03:59 pm IST
Fundamentals05 Sept 2026 · screener
Score05 Sept, 10:20 pm IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Energy P/E 13.0 (n=19)
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Strong fundamentals, management trust is supportive, but price trend argues for patience. Suitable for staggered entry or watchlist confirmation rather than aggressive buying.

Suggested next step
Add to watchlist
Fundamental setup is interesting, but technical confirmation is weak.
Strong U-Score but weak trend: timing is not confirming the thesis.
U-Score
DEEP VALUE
75

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Healthy Trust
78

low confidence · 0/0 claims checked

Technical
Bearish
37

Timing lens: price trend and sector relative strength.

Result consistency
stable
72

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 30 Jun 2026

Bad · 2/100

PAT -43% YoY · margin compression · Rev +26% YoY · +18% QoQ

Filed 30 Jun 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹2,04,987 Cr+25.7%+17.9%
EBITDA₹15,485 Cr-39.9%-38.9%
Operating margin8.0%-800 bps-700 bps
PAT₹6,554 Cr-43.3%-52.1%
PAT margin3.2%-388 bps-467 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business & thesis

Growth engines, tailwinds/headwinds, and risk radar from management commentary

Business and thesis

Where growth can come from, and what can break the case

Thesis under stressReviewed 2026-06-03T15:39:40.674Z
Management commentary snapshot

No financial or operational results are available in the provided document, which is a transcript header.

The provided document is a transcript header and contains no financial or operational data to form or assess an investment thesis for ONGC. Without any disclosed information, monitoring is not possible.

Management accountability

What management said, and what results must prove

Management accountability

What management said, and what results must prove

Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.

Analyst reading lens
Compare YOY

No financial or operational data is available in the provided document to determine a relevant comparison basis.

Thesis monitor

Numbers and claims to verify in the next filings

CheckpointCurrent evidenceWhat to verify next

Verification checkpoints are IndiaPulse research interpretation, not investment advice.

Technical timing lens

Trend score and candlestick chart

37Bearish

full bear SMA stack · SMA20 -3.3% / mo · MACD + · near 52W low

Stock trend: 26
Sector RS: 54
Sector 3M: -0.8% vs Nifty -1.5%

Technical chart

ONGCdaily · 1Y · AUTO-15.1%
Latest close ₹234.65 on 2026-09-04
Bar
-0.3%
RSI
42
MACD hist
0.38
52W pos
9%
2026-09-04O ₹235.44H ₹235.44L ₹233.60C ₹234.65Vol 53.4L sh
₹223.66₹245.62₹267.57₹289.53₹311.4952H52L234.652026-032026-06VolRSIMACD2026-032026-042026-062026-072026-09
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal

Daily technical trend read

Mixed signals

Signals are conflicting — long-term trend down. RSI 42. Wait for confirmation.

  • Price < SMA20 < SMA50 < SMA200 — full bearish stack.
  • SMA20 falling (~3.4% over last month) — short-term momentum negative.
  • RSI(14) at 42 — rising, no extreme reading.
  • MACD above signal, histogram expanding — bullish momentum building.
  • Within 5% of 52-week low — testing support.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Nifty 500 leadership

Relative Strength & Trend Stage

37
RS percentile
Stage 4 Downtrend
1M return
-1.8%
3M return
-9.4%
6M return
-13.3%
1Y return
-0.2%
RS 1D
-1
RS 20D
+8
Sector rank
#8
Industry rank
#12
Stage evidence
  • Price is 11.0% below the 30-week proxy.
  • The 50-DMA is below the 30-week proxy and its slope is falling -0.8%.
  • Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
264 observations
04 Sept 2026Value 96.69-0.58%
92102113124135Aug 25Dec 25Apr 26Sept 2697
RS vs Nifty 50097

Valuation & score drivers

U-Score 75 · DEEP VALUE · pillar breakdown, sector model, fair-value anchor

75U-SCORE
Top Setup

Fundamental score breakdown

DEEP VALUE
Valuation30/30
Growth17/25
Quality2/20
Balance Sheet10/15
Cash Flow10/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
75

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

75/100 · DEEP VALUE

Positive drivers

  • FCF yield is supportive at 18.7%.
  • Piotroski is strong at 8/9.
  • Fair-value margin of safety is positive at 65.2%.

Main drags

  • Quality is weaker at 2/20; verify the latest quarterly trend.
  • Balance sheet is weaker at 10/15; verify the latest quarterly trend.
  • Growth is weaker at 17/25; verify the latest quarterly trend.
Sector valuation model

Cyclical valuation: normalized earnings, not just trailing PE

Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.

Cyclical normalized
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
6.8
PB
0.8
EV/EBITDA
3.6
ROE
11.6%
ROCE
14.2%
FCF Yield
18.7%
Debt/Equity
0.5
MoS
+65.2%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE. Current PE is low at 6.8, so peak-cycle earnings risk should be checked.
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 05 Sept 2026
v4.3-runtime-valuation
Final score
75
Previous: 75
Verdict
DEEP VALUE
Previous: DEEP VALUE
Margin of safety
+65.2%
Previous: +65.2%

Score history

12 stored score snapshots. Latest stored move: +0 points.

05 Sept 2026
v4.3-runtime-valuation
70
70
75
75
75
75
75
75
75
75
75
75

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹479.97
+51.1% MoS
Growth-justified P/E
19.5
Growth-justified Value
₹674.51
+65.2% MoS
PEG
0.52

Trust score

Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth

Trust Score
78Healthy Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Healthy Trust: Claim history is still being built. It ranks around the 86th percentile of the scored universe and 74th percentile within Energy. No major sub-score weakness stands out.

High Trust Lite: Promoter holding is 58.9%. Key concern: 1 of the latest 4 quarters had PAT decline worse than 25% YoY.

Computed 05 Sept 2026
management-trust-v1
32 docs text-extracted · 12 concalls text-extracted
Score band
Healthy Trust

Generally investable credibility. Look for weak sub-scores before increasing position size.

Relative rank
86th percentile

overall median 67 · Energy: 74th pctile, median 74 · Large: 70th pctile, median 73

Evidence depth
Financial-only

32 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Healthy Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
81
strong · leverage and solvency
Discipline
60
acceptable · capital discipline
Results
72
acceptable · quarterly consistency

Trust positives

  • Promoter holding is 58.9%.
  • Promoter pledge is zero.
  • FCF yield is 18.7%.
  • 11 years of positive FCF.

Trust risks

  • 1 of the latest 4 quarters had PAT decline worse than 25% YoY.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Financials

Full fundamentals table and 10-year revenue / profit / ROE history

Fundamentals

Valuation

P/E
6.75
P/B
0.79
EV/EBITDA
3.61
Market Cap
295196.00Cr

Profitability

ROE
11.60%
ROCE
14.20%
ROA
5.70%
Dividend Y
5.65%

Growth (CAGR)

Revenue 5Y
15.00%
EPS 5Y
21.00%
Revenue 3Y
-1.00%
EPS 3Y
1.00%

Balance Sheet

Debt/Equity
0.47
Interest Coverage
7.39×
Altman Z
2.54
Book Value
296.00

Cash Flow

FCF Yield
18.73%
FCF Positive Y
11/5
OCF
112719.00 Cr
EPS TTM
34.59

Shareholding

Promoter Hold
58.89%
Promoter Pledge
0.00%
Momentum 52W
9%

Financial History

Updated 5/9/2026

Revenue

₹ Cr
No data

Net Profit

₹ Cr
No data

Return on Equity

%
No data

Peers

Business-comparable names in Energy, ranked by similarity

Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.