ONGC Share Price Target; Oil and Natural Gas Corporation Ltd (ONGC) is India’s premier oil and gas exploration and production company, playing a pivotal role in meeting the nation’s energy demands. Established in 1956, ONGC contributes approximately 70% of India’s crude oil and 84% of its natural gas production . As a Maharatna public sector undertaking, ONGC’s performance is closely tied to global energy trends, domestic policies, and technological advancements.
ONGC Share Price Target 2025 to 2030
| Year | Minimum Target Price (₹) | Maximum Target Price (₹) |
|---|---|---|
| 2025 | 280 | 338 |
| 2026 | 359 | 375 |
| 2027 | 410 | 427 |
| 2028 | 459 | 492 |
| 2029 | 522 | 530 |
| 2030 | 656 | 665 |
ONGC Company Overview
ONGC, headquartered in Delhi, is a central public sector enterprise under the Ministry of Petroleum and Natural Gas. With a workforce of over 25,000 employees, the company operates across the entire hydrocarbon value chain, including exploration, drilling, production, refining, and marketing. ONGC’s subsidiaries, such as ONGC Videsh, Mangalore Refinery and Petrochemicals Limited (MRPL), and Hindustan Petroleum Corporation Limited (HPCL), further strengthen its integrated operations.
ONGC Financial Performance
As of May 2025, ONGC’s share price stands at ₹244.24 . The company reported a 12.1% decline in Profit After Tax (PAT) for FY25, attributed to lower crude oil prices . Despite this, analysts maintain a positive outlook, citing ONGC’s stable operational performance and attractive dividend yield. Emkay Global, for instance, has set a target price of ₹280, adjusting for recent earnings revisions .
ONGC Year-wise Share Price Target Forecast
2025: Analysts project ONGC’s share price to range between ₹280 and ₹338. This projection considers the company’s stable operations, government support, and recovery in global oil demand.
2026: With anticipated improvements in global energy markets and ONGC’s ongoing projects, the share price is expected to be between ₹359 and ₹375.
2027: As ONGC continues to expand its exploration activities and enhance production efficiency, the share price could range from ₹410 to ₹427.
2028: Completion of key projects, such as the Mozambique LNG initiative, and sustained demand for energy are likely to push the share price between ₹459 and ₹492.
2029: With a focus on diversification and adoption of advanced technologies, ONGC’s share price may reach between ₹522 and ₹530.
2030: Long-term strategic initiatives and global energy dynamics could propel the share price to between ₹656 and ₹665.
ONGC Growth Drivers
Several factors contribute to the optimistic outlook for ONGC:
- Government Initiatives: India’s focus on energy security and self-reliance supports ONGC’s expansion plans.
- Technological Advancements: Investment in modern exploration and drilling technologies enhances operational efficiency.
- Global Energy Demand: Rising global energy consumption, especially in emerging economies, boosts demand for ONGC’s products.
- Strategic Partnerships: Collaborations with international firms facilitate knowledge exchange and access to new markets.
ONGC Risks and Challenges
While ONGC has strong growth prospects, potential investors should be aware of certain risks:
- Commodity Price Volatility: Fluctuations in global oil and gas prices can impact revenue and profitability.
- Regulatory Changes: Alterations in environmental and energy policies may affect operations.
- Operational Risks: Challenges in exploration and production activities, including technical failures and geopolitical tensions, can pose risks.
- Transition to Renewable Energy: The global shift towards renewable energy sources may impact long-term demand for fossil fuels.
ONGC Investment Perspective
ONGC presents a compelling investment opportunity for those seeking exposure to India’s energy sector. Its integrated operations, government backing, and strategic initiatives position it well for long-term value creation. However, investors should consider the inherent risks associated with the oil and gas industry and monitor global energy trends.
What are the main business segments of ONGC?
ONGC operates across the hydrocarbon value chain, including exploration, production, refining, and marketing.
Is ONGC a good investment for the long term?
Given its strategic importance, integrated operations, and government support, ONGC holds potential for long-term investors.
What is ONGC’s approach to sustainability?
ONGC is committed to environmental stewardship, investing in cleaner technologies and adhering to stringent environmental standards.
