Hello, Friends welcome to another article on sharespricetarget.com, today we discuss ONCG Share Price Target and its future share price prediction. Evaluating a company’s business fundamentals, and financial stability will give us more insight into the company’s upcoming stock performances.
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Also, we deeply analyze ONGC’s market position, current market trends, company’s strengths and weaknesses. As well as we can see whether investing in ONGC Shares will be worth it or not. Let’s see in-depth details on ONGC Share Price Target 2023, 2024, 2025, 2026, and 2030.
ONGC Share Price Target 2023, 2024, 2025, 2026, and 2030
Before, analyzing ONGC’s Share Price we can see the company’s fundamentals.
| Industry | Energy Oil And Gas |
| Founded Year | 1956 |
| Headquarters Place | Dehradun, Uttarakhand, India |
| Are Served | Worldwide |
| Key People | Rajesh Kumar Srivasteva |
| Products | Petroleum, Natural Gas, LNG, Lubricants, Petrochemicals, Electricity |
| Owner | Ministry Of Petroleum and Natual Gas, Government Of India |
| Number Of Employees | 27,000 |
| Subsidiaries | Hindustan Petroleum, Imperial Energy Corporation |
| Website | https://www.ongcindia.com/ |
ONGC Share Price Target 2023
ONGC Limited issued its Initial Public Offering (IPO) on Sep 2011 with a price range of Rs.10, the company collected INR 42.78 Cr with its first IPO. ONGC was initially listed on the Bombay Stock Exchange (BSE-500312), and the National Stock Exchange (NSE-ONGC).
If you see the company’s share price history it shares traded up to INR 312 in the stock market. The company is one of the leading manufacturers in the Petroleum and Natural gas sector. ONGC Shares have shown stable growth over the period of time, and many investors to looking forward to ONGC shares due to the upcoming market trends.
ONGC Share Price Target 2023: ONGC has the primary business of petroleum and natural gas products, the country’s demand for these products keeps on increasing every year, so due to the high market demand ONGC will show good revenue growth in the next couple of years. The expected Share Price Target of ONGC by 2023 is Rs.210 and the second target is Rs.220.
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| ONGC Share Price First Target 2023 | Rs.210 |
| ONGC Share Price Second Target 2023 | Rs.220 |
ONGC Share Price Target 2024
ONGC was an Indian Public Sector company that works under the Ministry of Petroleum and Natural gas, Government Of India. The company is the biggest government-owned oil and gas manufacturer and supplier in the country.
The company’s P/E ratio is 4.46 which is slightly higher than its sector P/E ratio of 4.16. Its share value was overvalued zone depending upon the key valuation.
ONGC is the pioneer in the domestic Petroleum market with a total market share of 71% till 2022. The company can take full advantage due to the government body.
ONGC Share Price Target 2024: The company has a large production capacity to supply the upcoming market demand for petroleum and gas products, as you can see the petroleum industry is expected 2.3% CAGR growth. ONGC has a growth opportunity in the future. The Target Price of ONGC Share Value by 2024 is expected between Rs. 240 and the second target is Rs. 270.
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| ONGC Share Price First Target 2024 | Rs. 240 |
| ONGC Share Price Second Target 2024 | Rs.270 |
ONGC Share Price Target 2025
ONGC share price today in BSE is INR 149.80(27-3-23), and ONGC share target for tomorrow was expected INR 151.2, you can check the current share value by clicking the link.
ONGC shows stable revenue growth over a period of time. The company shows 59.17% of revenue growth with a 3-year CAGR of 5.05%, and the company delivers excellent returns over NIFTY 100 with 131.8% with 3 years of return.
ONGC Share Price Target: ONGC is the largest Petroleum and gas exploration and production company in India, and the company is doing business in the domestic and international markets. As well as it keeps on investing to expand its production capacity to fulfill the market demand. So You can expect a high-margin return from ONGC shares with a share price target by 2025 is Rs. 285 and a second target is Rs.305.
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| ONGC Share Price First Target 2025 | Rs. 285 |
| ONGC Share Price Second Target 2025 | Rs. 305 |
ONGC Share Price Target 2026
ONGC has solid financial fundamentals and its shares never posted an annual loss in the past two decades. The company taking advantage of the growing Indian energy market. The company posted has the highest market share in petroleum and gas products over the period of time.
The Union Government is planning to become independent in the Energy sector and has a strong presence in the global energy market before the country’s 100th independence.
ONGC Share Price Target 2026: The company is become a pioneer in petroleum and gas products over a period of time, and is a global leader in the energy business with standard growth in upcoming years. The expected share price target of ONGC Shares is between Rs.460 and the second target is Rs.470.
| ONGC Share Price First Target 2026 | Rs.460 |
| ONGC Share Price Second Target 2026 | Rs.470 |
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ONGC Share Price Target 2030
ONGC shares value shows stable growth in the next couple of years because it has a dominant position in the Indian Petroleum sector and creates growth opportunities and maximizes the profit of stakeholders.
The company shows stable growth in terms of annual revenue growth of 59% and pre-tax margin of 11%, ROE of 17%. As well as it has debt to equity ratio of 34% which shows a positive sign of its future share performance.
The upcoming demand of the Petroleum sector is expected up to 285.5MMTPA over the next 5 years of CAGR 2.56%, So the company takes advantage due to the government body.
ONGC Share Price Target 2030: ONGC has a healthy balance sheet with a strong market presence with global footprints, as per the future demand in the petroleum and gas sector the company is able to show high-margin return in the long-term period. So you can expect the share price Target of ONGC shares by 2030 to be Rs.810 and the second target to be Rs.820.
| ONGC Share Price First Target 2030 | Rs.810 |
| ONGC Share Price Second Target 2030 | Rs.820 |
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Business Model Of Oil And Natual Gas Corporation Limited
Oil and Natural Gas Corporation Limited (ONGC) is an Indian-based Public sector multinational oil and gas exploration, production, and transportation of crude oil and natural gas company, and it was established in 1956 by the Union Government and works under the Ministry of Petroleum and gas.
ONGC mainly explores, develops, and produces oil and gas resources in India and overseas. Also, it has various business activities like investing in alternative energy sources such as coal bed methane, shale gas, and renewable energy sources.
Strengths Of ONGC Limited
- FII/FPI or companies increasing their shares
- A Company with Zero promoter commitment pledge
- A Company with low debt
- The book value per share has been improving over the past 2 years
- Annual Net Profit has been improving for the last 2 years
- Top Indian Exporters among listed companies
- ROE on equity has improved in the last 2 years
- ROA on equity has been improved in the last 2 years
Opportunity Of ONGC Limited
- More Than 50 Technical marks
- The 30-day SMA crosses the 200-day SMA and the current price is higher than the open
- The stock monthly price decline reflects a good financial position and newly affordable valuation
- Companies whose fixed assets exceed market cap
- Brokers have improved the offer or ask price in the last 3 months
Competitions Of ONGC Limited
- ROML-RE
- Dolphin Offshore
- Nagarjuna Oil
- Aban Offshore
- Deep Energy Res
- Selan Explore
- Asian Energy
- Jindal Drilling
- Deep Ind
- HOEC
- Oil India
- Petronet LNG
- Reliance
Shareholding Pattern of ONGC Limited
| No Of Shares | 100. % |
| Promoters | 58.89 % |
| Foreign Institutions | 8.43 % |
| N Banks Mutual Funds | 8.47 % |
| Others | 0.44 % |
| General Public | 2.67 % |
| Financial Institutions | 10.8 % |
ONGC Share Price Target 2023, 2024, 2025, 2026, and 2030
| Years | First Target | Second Target |
|---|---|---|
| ONGC Share Price Target 2021 | Rs. 90 | Rs. 140 |
| ONGC Share Price Target 2022 | Rs. 145 | Rs. 150 |
| ONGC Share Price Target 2023 | Rs. 210 | Rs. 220 |
| ONGC Share Price Target 2024 | Rs. 240 | Rs. 270 |
| ONGC Share Price Target 2025 | Rs. 285 | Rs. 305 |
| ONGC Share Price Target 2026 | Rs. 320 | Rs. 350 |
| ONGC Share Price Target 2030 | Rs. 625 | Rs. 650 |
Conclusion
ONGC has strong brand recognization in the Indian and global energy markets. The company doing various projects across the globe to tie- up with international oil companies.
As well as ONGC has had a strong base in the stock market for the last two decades, and its technical and financial fundamentals look solid. So you can definitely expect good share returns from ONGC shares in terms of long-term investment.
The target value mentioned here is only for reference purposes only, the actual values may vary due to the current market conditions. Hope, if you like this article ONGC Share Price Target 2023, 2024, 2025, 2026, and 2030 share it with your friends.
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Disclaimer
We have rated this company in this article but we are not SEBI-registered advisors so if you want to invest in this company please do your own research or take advice from a financial advisor
FAQ-ONGC
Is ONGC a good stock to buy?
we maintain or buy recommendations on ONGC with a target of INR 160 an improvement in domestic gas price value
Is ONGC bullish or bearish?
Good volume is seen in this stock and ready for the BO watch chart for support and resistance levels and buying zone
Will ONGC stock rise?
the year 2023 is likely to be a defining year for ONGC with 2 prominent triggers a rise in domestic oil & gas production
Is ONGC a good long-term stock?
we retain or buy rating on ONGC shares with a target price of Rs. 210 making it the top idea 2023 in the sector
ONGC Share price target by 2025?
The share value is between INR 285-305.
ONGC Share Price Target next week?
The expected share value of ONGC next week is up to Rs.148.98, and keep updated every week
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