As of 2025-05-19, the Intrinsic Value of Oil and Natural Gas Corporation Ltd (ONGC.NS) is 338.91 INR. This ONGC.NS valuation is based on the model Discounted Cash Flows (Growth Exit 5Y). With the current market price of 247.27 INR, the upside of Oil and Natural Gas Corporation Ltd is 37.1%.

The range of the Intrinsic Value is 239.16 - 530.77 INR.

Is ONGC.NS undervalued or overvalued?

Based on its market price of 247.27 INR and our intrinsic valuation, Oil and Natural Gas Corporation Ltd (ONGC.NS) is undervalued by 37.1%.

247.27 INR

Stock Price

338.91 INR

Intrinsic Value

Intrinsic Value Details

ONGC.NS Intrinsic Value - Valuation Summary

	Range	Selected	Upside
a
DCF (Growth Exit 5Y)	239.16 - 530.77	338.91	37.1%
DCF (Growth Exit 10Y)	276.59 - 561.97	375.72	51.9%
DCF (EBITDA Exit 5Y)	211.31 - 311.43	250.63	1.4%
DCF (EBITDA Exit 10Y)	256.29 - 390.49	311.20	25.9%
Peter Lynch Fair Value	791.47 - 791.47	791.47	220.08%
P/E Multiples	193.12 - 286.27	246.30	-0.4%
EV/EBITDA Multiples	93.17 - 252.61	178.43	-27.8%
Earnings Power Value	147.3 - 265.33	206.31	-16.6%
Dividend Discount Model - Stable	130.3 - 289.33	209.82	-15.1%
Dividend Discount Model - Multi Stages	220.92 - 372.97	276.70	11.9%

ONGC.NS Intrinsic Value - Peers Comparison

	Range	Selected	Upside
a
NK Rosneft' PAO	941.33 - 1,230.56	1,064.33	82.8%
NK Lukoil PAO	7,904.07 - 9,429.87	8,563.22	6.0%
Gazprom PAO	381.03 - 381.03	381.03	145.5%
Gazprom Neft' PAO	453.94 - 631.35	530.07	-28.3%
Coal India Ltd	469.86 - 625.97	533.45	31.8%
Indian Oil Corporation Ltd	88.64 - 196.09	129.33	-10.6%
Surgutneftegaz PAO	29.76 - 35.49	32.27	-8.3%
Oil India Ltd	229.97 - 452.66	311.51	-26.5%
Guanghui Energy Co Ltd	6.67 - 11.21	8.47	40.5%
Aegis Logistics Ltd	425.5 - 686.76	523.70	-34.6%

ONGC.NS Intrinsic Value - Key Valuation Metrics

Market Cap (mil)	3,110,726
Beta	1.18
Outstanding shares (mil)	12,580
Enterprise Value (mil)	4,652,736

Market risk premium	8.8%
Cost of Equity	15.4%
Cost of Debt	6.2%
WACC	11.8%