ONGC Share Price Target 2026,2027,2028 to 2030
ONGC Share Price Target : India’s energy demand is rising steadily with economic growth, urbanization, and industrial expansion. At the center of this energy ecosystem stands Oil and Natural Gas Corporation (ONGC) — the country’s largest oil and gas producer and a backbone of India’s energy security.
While global energy markets are evolving, ONGC continues to generate strong cash flows, reward shareholders with high dividends, and gradually diversify into renewable energy. In this article, we analyze ONGC’s fundamentals and share price targets from 2026 to 2030 in a clear and long-term perspective.
ONGC Business Overview
ONGC is engaged in exploration and production of crude oil and natural gas across 26 sedimentary basins in India. It contributes a major share of India’s domestic hydrocarbon output and also has overseas assets through its subsidiaries.
Alongside fossil fuels, ONGC is expanding into:
- Solar and wind power
- Green energy initiatives
- Low-carbon and cleaner fuel solutions
This balanced approach supports long-term sustainability.
ONGC Fundamental Analysis (Snapshot)
| Metric | Value |
|---|---|
| Market Capitalization | ₹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
In 2026, ONGC is expected to maintain stable performance as domestic fuel demand remains strong and crude oil prices stay supportive.
- Minimum Target: ₹220
- Maximum Target: ₹250
Government backing, cost optimization, and steady production may support reliable returns for long-term investors.
ONGC Share Price Target 2027
By 2027, ONGC’s overseas assets and international projects could contribute more meaningfully to earnings. India’s focus on energy security will continue to benefit the company.
- Minimum Target: ₹250
- Maximum Target: ₹270
Increased gas production and cleaner fuel investments may enhance investor confidence.
ONGC Share Price Target 2028
Technological upgrades and new discoveries could help reduce production costs by 2028. Stable global energy demand may support strong operating cash flows.
- Minimum Target: ₹270
- Maximum Target: ₹300
Strategic partnerships and renewable diversification could help ONGC stay competitive during the energy transition.
ONGC Share Price Target 2029
By 2029, operational efficiency, digital transformation, and higher gas output may diversify revenue streams and improve margins.
- Minimum Target: ₹300
- Maximum Target: ₹340
Better debt management and cost control could strengthen financial stability.
ONGC Share Price Target 2030
Looking long term, ONGC is expected to remain a core pillar of India’s energy infrastructure, even as renewable adoption accelerates.
- Minimum Target: ₹350
- Maximum Target: ₹390
Strong dividends, predictable earnings, and PSU backing make ONGC a dependable long-term stock.
ONGC Share Price Target Table (2026–2030)
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2026 | 220 | 250 |
| 2027 | 250 | 270 |
| 2028 | 270 | 300 |
| 2029 | 300 | 340 |
| 2030 | 350 | 390 |
ONGC Shareholding Pattern
| Category | Shareholding |
|---|---|
| Promoters | 58.89% |
| Retail & Others | 14.17% |
| Mutual Funds | 8.60% |
| Foreign Institutions | 6.98% |
| Other Domestic Institutions | 11.35% |
High promoter holding ensures stability, while institutional participation adds long-term credibility.
Final View
ONGC offers a rare combination of value, dividends, and stability. While it may not be a fast-growth stock, its strong fundamentals, low valuation, and strategic importance to India’s energy security make it attractive for conservative and long-term investors.
Disclaimer
This article is for educational and informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult a certified financial advisor before investing.
