ONGC Share Price Target : Oil and Natural Gas Corporation (ONGC) is India’s largest public sector company engaged in crude oil and natural gas exploration and production. The company operates across 26 sedimentary basins in India and contributes a major share of the country’s domestic oil and gas output. Along with its core hydrocarbon business, ONGC is gradually expanding into renewable energy, solar, wind power, and green initiatives, aligning itself with India’s long-term energy transition goals.
In this article, we will discuss ONGC share price target from 2026 to 2030, along with its fundamentals and shareholding pattern.
ONGC Fundamental Analysis
- Market Cap: ₹3,03,814 Cr
- ROE: 9.93%
- P/E Ratio: 7.1
- P/B Ratio: 0.83
- Debt-to-Equity: 0.48
- EPS (TTM): 34.03
- Dividend Yield: 5.07%
- Book Value: ₹292.35
- Face Value: ₹5
ONGC remains one of the most undervalued PSU stocks, supported by strong cash flows and consistent dividend payouts.
ONGC Share Price Target 2026
ONGC is expected to maintain its leadership position in India’s energy sector as domestic fuel demand continues to rise. Stable crude oil prices and government backing will support revenue growth.
According to experts, ONGC share price target for 2026 could be a minimum of ₹220 and a maximum of ₹250. New exploration projects and cost optimization measures may further strengthen profitability. This year could offer steady returns for long-term investors.
ONGC Share Price Target 2027
By 2027, ONGC’s international assets and overseas projects are expected to contribute more meaningfully to earnings. India’s focus on energy security and reduced import dependency will benefit the company.
Analysts estimate the ONGC share price target for 2027 in the range of ₹250 to ₹270. Continued investment in gas production and cleaner fuels will enhance long-term sustainability and investor confidence.
ONGC Share Price Target 2028
Technological upgrades and new oil & gas discoveries may significantly reduce production costs by 2028. Stable global energy demand will support strong cash flows.
Market estimates suggest a minimum target of ₹270 and a maximum target of ₹300 for this year. Strategic partnerships and diversification into renewables will help ONGC remain competitive during the global energy transition.
ONGC Share Price Target 2029
By 2029, ONGC is expected to benefit from digital transformation and operational efficiency improvements. Higher gas production will diversify revenue streams and reduce dependence on crude oil alone.
Experts project the ONGC share price target for 2029 to be between ₹300 and ₹340. Improved margins and better debt management could further strengthen financial stability.
ONGC Share Price Target 2030
Looking long term, ONGC is likely to remain a backbone of India’s energy infrastructure even as renewable adoption increases. Its balanced approach between fossil fuels and clean energy will support sustainable growth.
For 2030, forecasts indicate a minimum target of ₹350 and a maximum target of ₹390. Strong dividends, stable earnings, and government support make ONGC a reliable long-term investment option.
ONGC Share Price Target From 2026 to 2030
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹220 | ₹250 |
| 2027 | ₹250 | ₹270 |
| 2028 | ₹270 | ₹300 |
| 2029 | ₹300 | ₹340 |
| 2030 | ₹350 | ₹390 |
ONGC Shareholding Pattern
- Retail and Others: 14.17%
- Promoters: 58.89%
- Foreign Institutions: 6.98%
- Mutual Funds: 8.60%
- Other Domestic Institutions: 11.35%
Disclaimer
This article is for educational and informational purposes only. It does not constitute investment advice. Stock market investments are subject to market risks. Please consult a certified financial advisor before making any investment decisions.
