If you’ve tracked Indian PSUs over the last couple of years, you’ll know one thing the narrative has changed. Stocks that were once ignored are now delivering both returns and dividends.
ONGC Share Price Target
ONGC is India’s largest upstream oil & gas company, primarily involved in exploration and production of crude oil and natural gas. It contributes a significant portion of India’s domestic energy supply and plays a strategic role in the country’s energy security.
Financial table for Oil & Natural Gas Corpn Ltd
Market Cap: ₹ 3,57,217 Cr. (As of April 2026)
Price to Earnings: 9.40
Return on equity: 10.6%
Debt to equity: 0.48
Current ratio: 0.87
Dividend Yield: 4.30%
Return on assets: 5.15%
ROCE: 12.0%
Face Value: ₹5
52 Week High: ₹293
52 Week Low: ₹226
1. Year 2020 Start of Year: 128.75 End of Year: 93.05 Return: -27.73% Reason for the move Sharp decline due to collapse in crude oil prices during global slowdown. 2. Year 2021 Start of Year: 93.75 End of Year: 142.40 Return: 34.16% Reason for the move Recovery driven by rebound in crude oil prices and demand normalization. 3. Year 2022 Start of Year: 142.35 End of Year: 146.75 Return: 3.09% Reason for the move Stable performance as oil prices remained elevated but volatile. 4. Year 2023 Start of Year: 147.30 End of Year: 205.05 Return: 39.21% Reason for the move Dividend yield attractiveness boosted investor interest. 5. Year 2024 Start of Year: 206.00 End of Year: 239.25 Return: 16.14% Reason for the move Moderate growth supported by stable oil prices and production. 6. Year 2025 Start of Year: 237.81 End of Year: 240.38 Return: 1.08% Reason for the move Flat performance due to stable but non-expanding oil price environment. Projected Targets: Year 2026 Target Range (₹): 170-220 Reason for the move Projected Targets: Year 2027 Target Range (₹): 230-260 Reason for the move Execution of offshore projects and domestic production scaling drive earnings. Projected Targets: Year 2028 Target Range (₹): 290-350 Reason for the move Expansion into renewables strengthens long-term growth positioning. Projected Targets: Year 2029 Target Range (₹): 280-310 Reason for the move Slight volatility due to potential policy changes Projected Targets: Year 2030 Target Range (₹): 320-370 Reason for the move Growth continues steadily without major re-rating. ONGC share price target reflects a classic value + yield opportunity in Indian markets. Undervalued vs earnings Strong dividend yield Cyclical upside with oil prices However: Growth is limited Policy risk remains Energy transition is a long-term overhang 1. Is ONGC giving bonus shares? ONGC has not been consistent with bonus issues. It is better known for dividends rather than bonuses. 2. Is ONGC a good stock to buy for long term? Yes, for income-focused investors. For high growth, better options exist. 3. How many times does ONGC share split? ONGC has had limited stock splits. It is not a frequent corporate action stock. 4. What is the record date of bonus share? Record dates vary per announcement. Always check official exchange filings. 5. Is ONGC good for dividends? Yes. ONGC is among the highest dividend-yielding PSU stocks in India, often offering 5–7% yield.ONGC Shareholding Pattern
Historic Performance: ONGC Share Price Target 2020, 2021, 2022, 2023, 2024 & 2025
ONGC Share Price Target 2026, 2027, 2028 to 2030
Oil price volatility impacts earnings visibility.Conclusion
ONGC works best as a portfolio stabilizer, not a high-growth bet.FAQs