ONGC - O N G C
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents.
Geographic Revenue Split
Not disclosed in available documents.
Profitability Margins
Not disclosed in available documents.
EBITDA Margin
Not disclosed in available documents.
Capital Expenditure
Not disclosed in available documents.
Credit Rating & Borrowing
Not disclosed in available documents.
Operational Drivers
Raw Materials
Not disclosed in available documents.
Import Sources
Not disclosed in available documents.
Key Suppliers
Not disclosed in available documents.
Capacity Expansion
Not disclosed in available documents.
Raw Material Costs
Not disclosed in available documents.
Manufacturing Efficiency
Not disclosed in available documents.
Logistics & Distribution
Not disclosed in available documents.
Strategic Growth
Expected Growth Rate
Not disclosed in available documents.
Growth Strategy
Growth is pursued through leadership in the Exploration and Production (E&P) sector and international expansion via its wholly-owned subsidiary, ONGC Videsh Limited (OVL). The company is diversifying into renewables through ONGC Green Ltd (OGL) and Ayana Renewable Power Pvt. Ltd. (ARPPL), and maintains interests in refining and petrochemicals via MRPL and OPaL to capture the full energy value chain.
Products & Services
Crude oil, natural gas, refined petroleum products, petrochemicals, power, and renewable energy.
Brand Portfolio
ONGC, ONGC Videsh (OVL), Mangalore Refinery & Petrochemicals Limited (MRPL), ONGC Petro additions Limited (OPaL), ONGC Green Ltd (OGL).
New Products/Services
Expansion into renewable energy through ONGC Green Ltd (OGL) and green energy initiatives via the ONGC Energy Centre Trust (OECT).
Market Expansion
International presence is maintained and expanded through ONGC Videsh Limited (OVL), focusing on global oil and gas exploration.
Market Share & Ranking
Leader in the Exploration and Production (E&P) sector in India.
Strategic Alliances
Joint ventures include Indraprastha Gas Ltd. (IGL) for city gas distribution and Ayana Renewable Power Pvt. Ltd. (ARPPL) for renewable energy projects.
External Factors
Industry Trends
The industry is shifting toward sustainability and decarbonization. ONGC is positioning itself by improving its ESG rating from 58 in FY2024 to 61 in FY2025 and establishing dedicated green energy subsidiaries like ONGC Green Ltd to mitigate the risk of fossil fuel disruption.
Competitive Landscape
Key competitors include other major energy players in the Oil, Gas, and Consumable Fuels sector, though ONGC remains the domestic leader in E&P.
Competitive Moat
ONGC maintains a dominant moat as the leader in India's E&P sector with nearly four decades of leadership experience under its current Chairman. Its integrated structure, spanning from exploration to refining and renewables, provides a cost and supply advantage that is difficult for competitors to replicate.
Macro Economic Sensitivity
The company is highly sensitive to the Energy macro-economic sector trends, specifically global crude oil and natural gas demand cycles.
Consumer Behavior
Not disclosed in available documents.
Geopolitical Risks
Significant international presence through OVL in regions including Africa and Australia exposes the company to geopolitical instability and cross-border regulatory changes.
Regulatory & Governance
Industry Regulations
Operations are governed by the Ministry of Petroleum & Natural Gas. The company must comply with SEBI (LODR) Regulations regarding board composition and independent director representation, where it currently falls short of the required percentage.
Environmental Compliance
The company faces challenges as its GHG emissions exceed industry averages. It received an Environment Score of 51/100, with specific low grades (C) in Scope 1 and 2 emissions and environmental externality pricing.
Taxation Policy Impact
Not disclosed in available documents.
Legal Contingencies
Not disclosed in available documents.
Risk Analysis
Key Uncertainties
Environmental risks are high, with a score of 51/100, driven by high GHG emissions. Governance risks include a board composition that does not meet the required percentage of independent directors (Governance Score 63).
Geographic Concentration Risk
While headquartered in New Delhi, India, the company has significant geographic concentration in Indian offshore and onshore basins, supplemented by international assets in Africa and Australia.
Third Party Dependencies
Not disclosed in available documents.
Technology Obsolescence Risk
The company faces transition risks as the global economy moves away from fossil fuels, addressed by its 'Transition Score' which rewards efforts to shift toward sustainable energy.
Credit & Counterparty Risk
Not disclosed in available documents.