Oil and Natural Gas Corporation
| Name | State Bank of India |
| Sector | Financials |
| Capitalization | Large Cap |
| Buy/Sell | Undervalued |
| Peer Comparision | Click here |
Should you buy as per the technical Analysis?
The Ministry of Petroleum and Natural Gas, Government of India, is the owner of the Oil and Natural Gas Corporation (ONGC), a central public sector enterprise in India. Approximately 70% of India’s domestic crude oil production and 84% of the nation’s natural gas production are produced by this largest government-owned oil and gas exploration and production company.
Should you buy as per the Fundamental Analysis?
ONGC is a solidly profitable business with a solid track record of expansion. The business is producing healthy cash flows and has a solid balance sheet. Additionally, ONGC is ideally positioned to profit from the rising gas and oil demand in India.
At the moment, the PE ratio of ONGC stock is 6.50. This is less than the oil and gas industry’s average PE ratio in India, which is approximately 8.0.
At 4.20, ONGC’s EV/EBITDA ratio is likewise appealing. This is less than the oil and gas industry’s average EV/EBITDA ratio in India, which is approximately 5.0.
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