ONGC Share Price Target 2024 To 2030 – Oil and Natural Gas Corporation (ONGC) could be considered India’s foremost organization for the exploration and production of oil and natural gas, owned by the Ministry of Petroleum and Natural Gas. Originally incorporated in 1956, ONGC is one of the largest pioneering companies in India and is instrumental in contributing to the country’s overall oil and natural gas reserves.Â
It engages in searching for, delineating, and drilling hydrocarbon resources onshore and offshore in Indian and international waters. It also deals in the downstream business of refining and marketing as well as renewable energy projects.
ONGC Share Price Current Market Overview
- Today’s Open: 311.50
- Today’s High: 313.15
- Today’s Low: 303.70
- Current Share Price: 308.35
- Market Capital: 3.89L Cr
- P/E: 8.61
- Dividend Yield: 3.97%
- 52 Week High: 345
- 52 Week Low: 179.90
ONGC Share Price Current Graph
ONGC Share Price Target Tomorrow From 2024 To 2030
The given information is based on market valuation, industrial trends, and market analysis.
| S.NO. | Share Price Target Years | Share Target Value |
|
|
2024 | 365 |
|
|
2025 | 420 |
|
|
2026 | 575 |
|
|
2027 | 710 |
|
|
2028 | 752 |
|
|
2029 | 806 |
|
|
2030 | 897 |
Shareholding Pattern For ONGC Share Price
- Promoters: 58.89%
- Retail & Others: 13.79%
- Other Domestic Institutions: 11.44%
- Foreign Institutions: 8.57%
- Mutual Funds: 7.31%
ONGC Annual Income Statement
The given chart shows the comparison between revenue and net income of ONGC.
Here are the details regarding the annual income statement of ONGC.
| Particulars | Info 2024 | Y/Y Change |
| Revenue | 5.91T | 6.46% (-) |
| Operating Expenses | 522.12B | 3.09% (+) |
| Net Income | 492.21B | 34.08% (+) |
| Net Profit Margin | 8.32 | 43.20% (+) |
| Earning Per Share | 40.09 | 21.14% (+) |
| EBITDA | 996.50B | 26.01% (+) |
| Effective Tax Rate | 25.71% | N/A |
Challenges For ONGC Share Price
Volatile Crude Oil Prices
Crude oil prices decide the performance of ONGC to a great extent, and these prices can be influenced by factors like geopolitical events, OPVC decisions, and economic indicators.
Regulatory Risks
This is because factors such as subsidies, taxation, and price controls by the government may affect ONGC Operations and, thus, its profitability and the overall performance of the stock.
High Operational Costs
Exploration and production of oil in offshore areas are capital intensive, and this may affect the firms’ revenue, especially in situations where the price of oil is low.
Global Economic Uncertainty
In some cases, economic downturns or depressions decrease the need for energy and, therefore, have a direct impact on sales.
