ongc - vikas

8/12/2019 Ongc - Vikas

1/9

ONGC - Buy

OIL & NATURAL GAS CORPORATION LIMITED (BUY)31 / 12 / 07

CMP : Rs. 1236.50 TARGET : RS..INDUSTRY : OIL & GAS SENSEX : 20 2!6"ACE #ALUE : RS. 10 52 $%% '()*: RS. 13!7MAR+ET CAP : RS. 2 63 723 ,C- 52 $%% L : RS. 750COMMENT : UY

Company Overvie

O( 4 N - G s C -8 - ( 4 L(9( % ,ONGC s (4 -8 - % (4 1;56 %-49%4 ? I4 ( s P < ( L(9( % C 98 4= 4 - % @N >- 4 s s (41;!!. T*% 98 4= * s %9%-)% s *% 9 s > < % 98 4= (4 I4 ( . T*% 98 4=* s s%>%4 %B8 - ( 4 ?(% s 4 ? *% %4 8- ( 4 ss% s s%>%4 -% 4s* -% ?(

*% < 4 % *-%% -% ??s* -% ss% s ,(4 (4) M 9< ( '()* N%% 9 '%%- 4ss%(4 & S % ( %s .

S!are!o"#in$ pa%%ern

Sharehodling pattern

8.62

4.53

10.64

74.14

2.08Foreign holding

Govt / financialinstitiution

Co orte !odies

"irector and their relat ives

#ther includingindian u!lic

, S - % .)% ( . 9

i Metanova


2/9

ONGC - Buy

Ma ro e onomi 'a %or

T*% % 4 9= * s % =.

S()4(?( 4 = *% (4 s -( 4 s%->( % s% -s * >% %- *% s *-%% =% -s 4 *(s - 8( )- * ( % = 4 (4 % ? - *% 4%B =% -s. S - 4) % 4 9( )- * (s 98 4(% %s 9 s 30 ? ( s 8-(9 -= %4%-)=-%H (-%9%4 (4 %9 4 ? - - % ( . ' %>%- *% 9 B(9 9 > ( < % - % ( -%s%-(4 I4 ( -% %s (9 % %s ( s ? - 4 = 2

s ) (4s 0 =% -s ? ) < -%s%->%s. As %4 ? "Y07 (4 ( s 8%- 8(4s 98 ( 4

P%- 8( 4s 98 ( 4 8% - % 9 8- s s 1! ) *( * (s ? - %ss * 4 *%- >%- )% ? 550 ).

C --%4 = I4 ( (98 - s 9 -% * 4 75 ? ( s 44 - % ( %9 4 . T*% 4 =- s)- (4) %4%-)= 4%% s %9 4 ))-%ss(>% (4>%s 9%4 (4 s% - * ? - 4% ( -%s%->%s. T

*(s %4 *% ) >%-49%4 (4 ( ( % NELP * >% -%s % (4 (4>%s 9%4 99( 9%4US 12%4 * - 4 (s % (4 D% %9%s 9%4 ((4 -% s% %9 4 ? - ( F (% s%->( %s.

J s * >% 8- ( 4 4 4s 98 ( 4 ( (4 I4 ( . ,S%%


3/9

ONGC - Buy

I? % %B8 - ( 4 s s ? I4 ( 4 s% (9%4 -= < s(4. I s* s * s ( *%-%? s 8% F# 4( O( &G s EB8 - ( 4S%->( %s L . 205.15 25.66 2 23!.31'(4 s 4 O(EB8 - ( 4C 98 4= L . 11 .51 2. 7 2 16;.;1

i Metanova


4/9

ONGC - Buy

S%o . mar.e% %ren# :F T*% S%4s%B 88% 20 000 ? - *% ?(-s (9% s 9 4 * *% *(- %-s% s 8( (4? * s 8 s*% 8 *% > % ? - 8%% %s -s * >% < )* -% - 1!.7


5/9

ONGC - Buy

R% %4 = 9(4(s -= ? 8% - % 9 4 4 - ) s * s 8 ss% 57 4% < % ONGCKs 9%s ( %B8 - ( 4 ( %4s%s >%- 88- B(9 % = 6 !0 !00 sH. 9s 4 * s % -( % .

Re en% ne *

ONGC 8 4s (4>%s 9 -% * 4 US 16.5 %- *%4%B ? - ?(>% =% -s s % ( s -%?(4(4) 8 ( = 8 5.5 94 4s % *% I ( 4 ?(-9 30F35 s % (4 M * 4 ( < s(4 < .

ONGC ? -%()4 -9 (s s% H (-% 33 s % (4 *% E)=8 ( 4 %%8 % < ?- 9 8%- - R = D * S*% ? - 4 (4>%s 9%4 ? US 3!094.

Con ern

A> (


6/9

ONGC - Buy

I? % *% 8-( % -%4 ? s 4% =% - *%4 ( ( *% 8 s 4 * s 8%-? -9% . L ? - 8 s( (>% -%4 (4 12F9 4 * 6F9 4 * 4 3F9 4 * 8%-( s.

SE$eriod Closing rice change3 &onths 30.55 34.056 &onths 21.25 35.412 &onths 865.25 44.17

, S - % = * ?(4 4 % < )

A%%ra %ive va" a%ion 3 Re ommen# a BUY

A CMP ? Rs1236 *% s - %s P/E 9 (8 % ? 1 . A4 G(>%4 *% - < s 8%-? - 9 4% (4 s *-%% =% - 4 %s - 9 s

*(s s (4 *%(- 8 - ? ( . I -% 99%4 UY ( * -)% 8-( % ? Rs 2000 (4 4)%-9.

4a" a%ion mmary"(4 4 ( s4 8s*

T*% ?(4 4 ( *% * ? 98 4= (s %8%4 %4 4 9(>% *% - )*s ? *% - % =A s ?(-9s *( * -% 4 8- ?( < % < -% s* -( * 4 s ->(>% (4 *% 4) %%( *%-. S * 98 4(%s -% %4 >%- ? - *%(- s* ? - % *% 8- ?( (>% >%- *% 4) %-9 * >% % F- 4 % ?(4 4 ( 8- ?( % 4 8%-? -9 %

s8% s ? ?(4 4 ( 4 =s(s. P- ?( (- 49*% (9%.

i Metanova


7/9

ONGC - Buy

+%= - ( s

atios ar 07 ar 06

&er share ratio ('s))$ 71.66 8.22"ividend 310 450

oo value er share 287 375

aluation ratios (x)

$/) 12.84 13.8$/ 3.03 3.46

ar et ca . / sales 3.3 3.87) /$ %" 7.25 7.86

&rofitability ratios (%)#$ 44.51 50.289$ 26.5 2 .2

#C) 56.7 57.5#) 27 28.63

i*uidity ratios

Current ratio 2.77:1 3.06:1

"e!tors turnover 17 27

e+erage ratios (x)"e!t / ea;uit- .001:1 .002:1

,u pont model$ % / ales


8/9

ONGC - Buy

+%= ?(4 4 (,Rs. I4 C- -%s

?ear ar 07 ar 06

9et ales 56+ 12.31 48+244.3

# erating rofit 25+332.60 24+256. 0

9et $rofit 15+642. 2 14+430.78

C s* ? 4 =s(s

,Rs. I4 C- -%

?ear ar 07 ar 06

9#$ 15+66 .01 14+461.82

# erating cash flo> 22+ 10.02 20+367.0

Free flo> cash flo> 35+ 2.25 31+413. 7 , S - % . 4) (4 ( . 9 &

F .)% ( . 9

4a" a%ion

T*% 98 4= * s -%)(s %-% CAGR ? 5 (4 OP 9 -)(4. I % * ONGC ()- 20 30 (4 8 (4% ? - *% 4%B ?% =% -s.

ONGC * s % -4% 4% 8- ?( ? RS 1 56 2; 94 ,U8 !. ?- 9 Rs 1 30! 94 (42005F06 . I * s %4 % ? Rs.5;0 575 9( ( 4 , 8 1;.5?- 9 Rs. ; 3;7 9( ( 4 (4 2005F06 %s8( % s* -(4) 4 %-F-% >%-(%s ? Rs.170 23;9( ( 4 ,Rs. 11; 565 9( ( 4 (4 2005F06 ? *% P < ( S% - O( M - % (4) C 98 4(%s

% (4s - ( 4s ? *% M(4(s -= ? P% - % 9 & N - G s ,M P&NG

G >%-49%4 ? I4 ( .

i Metanova
http://www.ongcindia.com/http://www.ongcindia.com/http://www.geojit.com/http://www.geojit.com/http://www.ongcindia.com/http://www.geojit.com/


9/9

ONGC - Buy

I (s %B % %4 . " - 4 (4>%s - ONGC (s 9 s * >%. E>%-= (9% = ?(4 (8 ) 4 < = ( 4 *( % I 9 s ( (4) 9= 4% I *(4 s 9% 8 (4 % ( s%% ( - ss Rs2000. S *%-% (s 9 4%= 4 % B % ( 4 (4 I4 ( *%4 ONGC * s 8 ( *()*%s B 8 =%- (4

*(s =% -. I s* s s 4 8- ?(

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