AI Summary
✦ ClarthaONGC is an Indian energy company focused on exploration and production, refining and marketing, and petrochemicals. Exploration and production drives core hydrocarbon revenue, while refining, petroleum-product marketing, and petrochemicals broaden downstream earnings. Recent record profit before tax indicates earnings support, despite essentially flat revenue growth and a softer outlook. Large project awards, including L&T’s order of up to ₹10,000 crore, may increase development spending before contributing to production. Profit growth of 14.4% and improving margins indicate better earnings conversion, but ROE is unavailable for assessment. Debt-to-equity of 42.55 implies substantial leverage, which can magnify ROE while increasing sensitivity to commodity prices, project execution, and financing costs. At 6.9x earnings, ONGC appears undervalued relative to typical energy-sector multiples and its earnings profile. However, the valuation discount reflects uncertain production growth and exposure to regulated domestic pricing. Investor returns therefore depend on sustaining margin gains while converting investment into higher output.
Price Forecast
Probabilistic Range
Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.
Revenue Forecast
₹ CrEPS Forecast
₹ / shareMulti-factor synthesis of 5 key dimensions
From 30 analysts
Fundamentals
Fundamentals institutional score is 100 using growth durability 100.0.
Valuation
Valuation institutional score is 62 using relative multiple z-scores where peer dispersion is available.
Analyst Consensus
Analyst View institutional score is 58 using mean target upside 22.3%; dispersion penalty 26.5; recommendation breadth from available consensus.
Technical Structure
Technicals institutional score is 76 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.
Market Sentiment
Recent news flow is balanced or not decisive enough to tilt the tape. Based on 12 recent ticker-linked news items.
Signal Summary
Market intelligence remains Supportive. fundamentals and technical structure provide support.
Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.
Key Data Points
Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.
Valuation Metrics
Trading 1.3% above historical median. Valuation is stable — currently in the undervalued zone (z-score: +0.18). Confidence: 85%.
Live forward EPS implies next-12-month EPS of ₹41.55. Applying the stock's normalized valuation corridor produces a fair range of ₹268.41 to ₹297.50, with base value near ₹284.20 (+18.0% vs current price).
Live forward estimate anchored to the company's historical valuation corridor.
Forward EPS
₹41.55
Forward P/E
5.8x
Base Fair Value
₹284.20
Fair Range
₹268.41 - ₹297.50
Upside To Base
+18.0%
Estimate Source
Live forward EPS
Growth Estimate
+21.4%
5Y Average
5.53
Current
6.93
Overvalued
7.16
Undervalued
6.46
5Y Average
3.64
Current
4.56
Overvalued
4.57
Undervalued
2.41
5Y Average
0.86
Current
0.82
Overvalued
0.99
Undervalued
0.73
Peers & Comparison
Sector: Energy · Theme: Oil & Gas - Exploration & Production
| Company | Rev. Growth | Margin | P/E | vs Avg | 52W Perf. |
|---|---|---|---|---|---|
OIL INDIA LTD OILOil & Gas - Exploration & Production | +57.7% | 21.7% | 11.6x Undervalued | -38% vs avg | +6.6% |
BHARAT PETROLEUM CORP LT BPCLOil & Gas - Refining & Marketing | +34.4% | 3.5% | 8.0x Undervalued | -57% vs avg | -1.6% |
INDIAN OIL CORP LTD IOCOil & Gas - Refining & Marketing | +38.5% | 3.9% | 5.8x Undervalued | -69% vs avg | -0.5% |
HINDUSTAN PETROLEUM CORP HINDPETROOil & Gas - Refining & Marketing | +26.9% | 0.4% | 49.4x Premium | +164% vs avg | -4.2% |
OIL AND NATURAL GAS CORP. trades at a discount (7.0x vs peer avg 18.7x), suggesting potential undervaluation relative to the Oil & Gas - Exploration & Production cohort. Peers include OIL INDIA LTD, BHARAT PETROLEUM CORP LT, INDIAN OIL CORP LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.
Financials
Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.
Latest revenue
₹46.46K CrJun 2026Latest net profit
₹17.03K CrJun 2026Latest EPS
₹13.54Jun 2026Net margin
61.0%Jun 2026Performance
Bars show revenue and net profit. The line shows net margin.
- Revenue
- Net income
- Net margin %
Earnings
Revenue is shown in crores. EPS is rupees per share.
- Revenue
- EPS
Revenue to profit conversion
Bridge from operating numbers to profit for the latest reported period.
Latest reported period: Jun 2026
Debt level and coverage
Debt, cash and free cash flow compared on the same crore scale.
- Debt
- Free cash flow
- Cash & equivalents
Results
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 33,814 | 35,163 | 34,788 | 34,637 | 35,266 | 33,881 | 33,717 | 34,982 | 32,003 | 33,031 | 31,547 | 35,928 | 46,460 |
| Expenses + | 15,377 | 18,010 | 19,454 | 18,731 | 18,163 | 16,840 | 16,585 | 21,021 | 14,818 | 16,431 | 16,275 | 23,262 | 18,105 |
| Operating Profit | 18,437 | 17,153 | 15,334 | 15,906 | 17,103 | 17,041 | 17,132 | 13,961 | 17,185 | 16,599 | 15,272 | 12,666 | 28,355 |
| OPM % | 55% | 49% | 44% | 46% | 48% | 50% | 51% | 40% | 54% | 50% | 48% | 35% | 61% |
| Other Income + | 1,612 | 2,086 | 3,401 | 3,665 | 1,933 | 4,750 | 1,722 | 2,075 | 1,210 | 3,424 | 3,094 | 2,628 | 1,861 |
| Interest | 1,008 | 1,016 | 1,023 | 1,035 | 1,182 | 1,157 | 1,075 | 1,190 | 1,121 | 1,110 | 1,154 | 1,145 | 1,086 |
| Depreciation | 4,997 | 4,721 | 5,102 | 5,675 | 5,897 | 5,598 | 6,779 | 6,079 | 6,531 | 6,369 | 6,610 | 5,625 | 6,283 |
| Profit before tax | 14,044 | 13,501 | 12,610 | 12,860 | 11,956 | 15,036 | 11,000 | 8,767 | 10,744 | 12,545 | 10,602 | 8,524 | 22,848 |
| Tax % | 25% | 24% | 22% | 23% | 25% | 20% | 25% | 26% | 25% | 22% | 21% | 22% | 25% |
| Net Profit + | 10,527 | 10,238 | 9,892 | 9,869 | 8,938 | 11,984 | 8,240 | 6,448 | 8,024 | 9,848 | 8,372 | 6,650 | 17,034 |
| EPS in Rs | 8.37 | 8.14 | 7.86 | 7.85 | 7.10 | 9.53 | 6.55 | 5.13 | 6.38 | 7.83 | 6.65 | 5.29 | 13.54 |
| Raw PDF |
All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).