ONGC Share Price Target 2022, 2023, 2024, 2025, And 2030
Hello friends, today in this article we are going to discuss ONGC Share Price Target 2022, 2023, 2024, 2025 and 2030. I hope you all are all fine and doing a great job in your life. So today in discussion we are covering fundamentals of the company, technical analysis, past year annual report and quarterly report. With the help of this we try to predict ONGC Share Price Target for upcoming few years how it performs. ONGC is one of the oldest companies in the Oil sector in our country.
Oil and Natural Gas Corporation (ONGC) is an Indian government-owned crude oil and natural gas corporation. The registration of ongc is in Deendayal Urja Bhawan, Vasant Kunj, New Delhi. Oil and Natural Gas Corporation (ONGC) operated under the ownership of the Ministry of Petroleum and Natural Gas, Government of India. ONGC is one of the largest government owned companies in the oil and gas production sector around 70% of India’s crude oil and 57% of the country today demand and around 84% of its natural gas. ONGC was founded on 14 August 1956. Subhash Kumar is the Chairman and MD of ONGC.
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It is the largest manufacturer of crude oil and natural gas production in our country. After reading this article you also know more about the company and it helps to to predict the ongc share price target for upcoming few years after analyzing different criteria and terms, and technical analysis which helps you to make the decision whether an investment in the ONGC Share for long term or short term is worth it or not.
Technical Analysis Of Oil and Natural Gas Corporation (ONGC)
Here in this article we are going to discuss about how the ONGC Share have performed in the market in last few years and how it will perform in upcoming few years which we analyze by the technical analysis and Fundamental of the company and on the basis of different theories,tools and terms which is Fibonacci retracement, resistance and support and Elliot wave theory.
As we see in the ONGC Share Chart, they acquired their lifetime high in the year 2014. After achieving this price target the share price of ONGC continues to move in a downward trend till the year 2020. Due to corona vairas all companies share price showed a downward trend during lockdown. At present the share price of Oil and Natural Gas Corporation (ONGC) is moving around Rs. 134, The ONGC share price 52 weeks Low is Rs. 86.69 and High is around Rs. 172.75.
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ONGC Share Price Target
In this article we try to predict ONGC Share Price Target for upcoming few years with the help of technical analysis and Fundamental of the how ongc share perform in upcoming few years here we complete discuss step by step. There is a table attached below in which you can see the predicted target for every year according to the company’s present situation.
| Year | Target-1 | Target-2 |
| 2022 | 170 | 220 |
| 2023 | 240 | 269 |
| 2024 | 280 | 300 |
| 2025 | 426 | 500 |
| 2030 | 860 | 1200 |
ONGC Share Price Target For 2022
In this section we are going to predict two different price for the financial year 2022 help of technical analysis and Fundamental of the company here we are try to predict possible target for the financial year 2022 we can set the first ONGC Share Price Target of around 170 and the second possible target for the same financial year is around 220. It all happened because ONGC invested their funds in developing new technology which helps increase their production.
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ONGC Share Price Target For 2023
In this section we try to predict ONGC Share Price Target for the financial year 2023. Here we try to predict two different price targets of ONGC for the financial year 2023. The first possible target price of ONGC Share is around Rs. 240 and after attending these target and the second Target which is achieved in the same year is around Rs 269 all it happens because ongc more and more funds are0 going to invest in producing energy from a renewable source.
ONGC Share Price Target For 2024
In the year financial year 2024, we can predict two different possible targets of ONGC Share Price Target will beat easily in 2024 the first ONGC Share Price Target for 2024 is around 280 and the second ongc share price target is around 300 achieved in the same year. As we see after analyzing the company, the ongc share price will move in an uptrend in the upcoming few years and the share price of the ONGC will increase day by day in upcoming years.
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ONGC Share Price Target For 2025
In the financial year 2025 We can predict two different price for ONGC Share the first target is around Rs.426 and after attaining these values in the same year 2025 they can show some uptrend movement for a while but surely move in an uptrend because of their product need in an Indian market ongc one of the largest production of oil and natural gas in india not only in oil but various other sectors. So we set the second possible target price of ONGC Share for the same financial year is around Rs 500.
ONGC Share Price Target For 2030
Till the end of this decade, Oil and Natural gas Corporation (ONGC) will emerge as one of the best in their business according to their productivity. ONGC is one of the largest producers of oil and natural gas and crude oil in india. Ongc produced various products like Petroleum, Natural gas, LNG ,Lubricants, Petrochemicals and Electricity. ONGC supplies natural gas, crude oil, and value-added products to major Indian oil and gas refining and marketing companies. Its primary products crude oil and natural gas are for the Indian market. Demand for this product in the upcoming few years is going to increase on the basis of the above explanation. We try to predict the first Target price is around Rs 860 and the second possible target which they can cross easily in the same year is around Rs 1200.
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ONGC Quarterly Report Analysis
As the data are given at moneycontrol.con website we are telling you about Oil and Natural Gas Corporation (ONGC) year performance and how they performed in every quarter of last few years if you find any mismatch of data from the official site of ONGC. we are not going to be responsible for it. Please visit the official website of ONGC at ongcindia.com to verify data.
| Quarterly | Sep 2021 | Jun 2021 | Mar 2021 |
|---|---|---|---|
| Sales | 122,029 | 108,135 | 114,168 |
| Other Income | 1,415 | 1,166 | 4,037 |
| Total Income | 123,444 | 109,301 | 118,206 |
| Total Expenditure | 110,504 | 98,271 | 104,105 |
| EBIT | 12,940 | 11,029 | 14,100 |
| Interest | 1,376 | 1,440 | 1,115 |
| Tax | -6,647 | 3,347 | 2,717 |
| Net Profit | 18,210 | 6,242 | 10,267 |
In the September Quarter of the financial year 2021, the company made net sales of Rs. 122029 cr. in which they made a net profit of Rs. 18310 cr. In the June Quarter of the financial year 2021, Company made net sales of Rs. 108135 cr. in which they made a net profit of around Rs. 6242 cr. after paying all the duties and taxes.
In the March Quarter of 2021, the company made net sales of rupees around 114168 cr. though they made a profit of about Rs. 10267 cr.after paying all the duties and taxes. In the December Quarter of 2020, ONGC made net sales around Rs.100288 cr. though they made a profit of about Rs. 3515 cr. after paying all the duties and taxes. In the September quarter of the financial year 2020, the company made net sales of around Rs. 83619 cr.By which they made a net profit of about Rs. 5150 cr. after paying all the duties and taxes to the government of India.
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ONGC Annual Report Analysis
As the data are given at moneycontrol website we are here to tell you about the ongc company’s last few year’s performances and how they perform in the past years if you find any mismatch of data from the official site of ONGC. we are not going to be responsible for it. Please visit the official website of ONGC or money control website to verify data.
| Annual | March 2021 | March 2020 | March 2019 |
|---|---|---|---|
| Sales | 304,000 | 396,762 | 421,385 |
| Other Income | 9,323 | 9,077 | 8,148 |
| Total Income | 313,324 | 405,839 | 429,534 |
| Total Expenditure | 279,154 | 380,320 | 372,358 |
| EBIT | 34,169 | 25,518 | 57,175 |
| Interest | 5,079 | 7,489 | 5,836 |
| Tax | 8,766 | 7,506 | 20,880 |
| Net Profit | 20,324 | 10,523 | 30,458 |
As the company annual reports are given in the year 2021 company made net sales of Rs.304000 cr. and made a net profit out of it around Rs. 20324 cr. and In the financial year, 2020 ongc net sales of about Rs. 396762 cr. make a profit of around Rs. 10523 cr.
As I told you earlier ONGC is a company from which the Government of India gets huge revenue every year without investing that much in that sector. That’s why the government named this company MAHARATNA for them.
In the year 2019, the Company made net sales of Rs. 421385 cr. and company made a profit of around Rs. 30458 cr. after paying all the duties and taxes which are required to pay the government of India. In the financial year, 2018 ONGC made net sales of Rs. 322705 cr. and ongc made net profit of about Rs. 23354 cr. after giving all the duties and taxes. In the year 2017 the ONGC company made net sales of Rs. 282506 cr. An ongc company made a profit of around Rs. 26359 after paying all the duties and taxes to the government. As last 3 years data indicate, the sale of ongc is increasing year by year but profile is constant because they invest their havey amount of funds in developing the new technology which help them to generate crude oil and natural gas from renewable sources.
Conclusion
In this blog, We have done a detailed discussion about ONGC Share Price Target for 2022, 2023, 2024,2025 and 2030. We tried to include every aspect of the technical analysis fundamentals of the company and business model of the company in this article. Read the complete article which is really essential to know before investing in any specific company shares. Before ending this article, I am going to tell you some strengths of oil and natural gas corporations (ONGC) which are really important to become the highest revenue-generating company.
- Well recognized brand name.
- Backing of the central government.
- Strong Advertising and Branding of Company.
- Largest producer of crude oil and natural gas in the whole nation.
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