OIL vs ONGC: Which Is Better on the Numbers?
Oil India Ltd (OIL) trades at ₹489 on a P/E of 11.9, while Oil & Natural Gas Corpn Ltd (ONGC) trades at ₹268 on a P/E of 8.0. On valuation, Oil & Natural Gas Corpn Ltd is cheaper on earnings (P/E 8.0 vs 11.9). This is a data comparison, not a recommendation.
OIL vs ONGC — full comparison
| Metric | OIL | ONGC |
|---|---|---|
| Share price | ₹488.9 | ₹267.55 |
| P/E ratio (lower = cheaper) | 11.90 | 7.99 |
| ROE (higher = better) | 12.30% | 11.70% |
| ROCE (higher = better) | 11.60% | 14.20% |
| Dividend yield | 2.38% | 4.63% |
| Annualised return (history) | +10.6% | +6.3% |
| Volatility (lower = steadier) | 38% | 27% |
| 1-year forecast (Monte Carlo median) | ₹509.71 | ₹274.56 |
| Cheapest MTF margin | 24.63% (Dhan) | 22% (Dhan) |
How OIL and ONGC compare
- On valuation, Oil & Natural Gas Corpn Ltd is cheaper on earnings (P/E 8.0 vs 11.9).
- On profitability, Oil India Ltd earns a higher return on equity (ROE 12.3% vs 11.7%).
- For income, Oil & Natural Gas Corpn Ltd pays a higher dividend yield (4.63% vs 2.38%).
- On recent momentum, Oil India Ltd has the stronger annualised return (+10.6% vs +6.3%).
- On risk, Oil & Natural Gas Corpn Ltd has been less volatile (annualised volatility 27% vs 38%).
- For margin trading, Oil & Natural Gas Corpn Ltd has the lower MTF margin requirement (22% via Dhan).
Not investment advice. This page compares publicly available metrics and a statistical forecast for information only. The 1-year forecast is a Monte Carlo projection from historical volatility, not a prediction. Do your own research or consult a SEBI-registered adviser before investing.
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