ONGC vs Oil India vs Hindustan Oil Exploration Company: Which Stock Should You Track
- September 25, 2026
- Posted by: Lakshit Sharma
- Category: Market
Oil and Natural Gas Corporation PE 6.68, mkt cap Rs 2,99,348 crore. Oil India PE 8.18, mkt cap Rs 77,915 crore. Hindustan Oil Exploration Company PE 91.21, mkt cap Rs 2,292 crore.
Quick Answer
Oil and Natural Gas Corporation vs Oil India vs Hindustan Oil Exploration Company is a side-by-side comparison of three companies from the Oil and Gas Exploration & Production space. On this comparison, Oil and Natural Gas Corporation carries a market capitalisation of about Rs 2,99,348 crore against Rs 77,915 crore for Oil India and Rs 2,292 crore for Hindustan Oil Exploration Company, with return on equity of 11.14%, 11.41% and 2.28% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Oil and Natural Gas Corporation vs Oil India vs Hindustan Oil Exploration Company starts with the core numbers most investors compare within the Oil and Gas Exploration & Production segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Oil and Gas Exploration & Production bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Oil and Natural Gas Corporation, Oil India and Hindustan Oil Exploration Company: Company Overview
Oil and Natural Gas Corporation is a listed Indian company in the Oil and Gas Exploration & Production space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Oil India is a listed Indian company in the Oil and Gas Exploration & Production space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Hindustan Oil Exploration Company is a listed Indian company in the Oil and Gas Exploration & Production space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Oil and Natural Gas Corporation vs Oil India vs Hindustan Oil Exploration Company: Valuation and Profitability Snapshot
| Metric | Oil and Natural Gas Corporation | Oil India | Hindustan Oil Exploration Company |
|---|---|---|---|
| Market Cap (approx.) | Rs 2,99,348 crore | Rs 77,915 crore | Rs 2,292 crore |
| PE Ratio (TTM) | 6.68 | 8.18 | 91.21 |
| PB Ratio | 0.81 | 1.34 | 1.66 |
| Return on Equity (ROE) | 11.14% | 11.41% | 2.28% |
| EPS (TTM, Rs) | 35.61 | 58.59 | 1.90 |
| Dividend Yield | 3.05% | 2.40% | 0.00% |
| Debt to Equity | 0.47 | 0.65 | 0.04 |
| Book Value per Share (Rs) | 295.52 | 356.56 | 104.71 |
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On valuation, Oil and Natural Gas Corporation trades at a PE of 6.68 and a PB of 0.81, Oil India at a PE of 8.18 and a PB of 1.34, while Hindustan Oil Exploration Company trades at a PE of 91.21 and a PB of 1.66. On return on equity, the three post 11.14%, 11.41% and 2.28% respectively, and on dividend yield they stand at 3.05%, 2.40% and 0.00%.
Oil and Natural Gas Corporation vs Oil India vs Hindustan Oil Exploration Company: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Oil and Natural Gas Corporation | Rs 207,775.93 crore | Rs 6,554.44 crore | +25.5% | +17.3% |
| Oil India | Rs 13,236.10 crore | Rs 4,026.83 crore | +47.0% | +25.9% |
| Hindustan Oil Exploration Company | Rs 134.34 crore | Rs 6.24 crore | +64.8% | +167.4% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY28, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three oil and gas exploration & production names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Oil and Natural Gas Corporation vs Oil India vs Hindustan Oil Exploration Company highlights how differently three companies in the same oil and gas exploration & production segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Oil and Natural Gas Corporation vs Oil India vs Hindustan Oil Exploration Company
What is the market cap difference between Oil and Natural Gas Corporation, Oil India and Hindustan Oil Exploration Company?
Ans. As of September 2026, Oil and Natural Gas Corporation has a market cap of approximately Rs 2,99,348 crore, Oil India is at approximately Rs 77,915 crore, and Hindustan Oil Exploration Company is at approximately Rs 2,292 crore.
Which of the three has the highest PE ratio?
Ans. Among Oil and Natural Gas Corporation, Oil India and Hindustan Oil Exploration Company, the PE ratios stand at 6.68, 8.18 and 91.21 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Oil and Natural Gas Corporation, Oil India and Hindustan Oil Exploration Company post ROE of 11.14%, 11.41% and 2.28% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Oil and Natural Gas Corporation, Oil India and Hindustan Oil Exploration Company carry dividend yields of 3.05%, 2.40% and 0.00% respectively.
What is the debt to equity ratio for Oil and Natural Gas Corporation, Oil India and Hindustan Oil Exploration Company?
Ans. Oil and Natural Gas Corporation carries a debt to equity of 0.47, Oil India of 0.65, and Hindustan Oil Exploration Company of 0.04.
Which of the three trades at the highest price to book value?
Ans. Oil and Natural Gas Corporation, Oil India and Hindustan Oil Exploration Company trade at price to book ratios of 0.81, 1.34 and 1.66 respectively.
Is one of Oil and Natural Gas Corporation, Oil India or Hindustan Oil Exploration Company better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.