Oil and Natural Gas Corporation vs Oil India: Which Stock Should You Track

ONGC vs Oil India is a comparison investors look up when evaluating India's two listed upstream oil and gas PSUs. ONGC (Oil and Natural Gas Corporation) is the largest oil and gas producer in India by volume, responsible for about 70 percent of India's domestic oil production, while Oil India is a Dibrugarh-based PSU primarily producing oil and gas from the northeast, Rajasthan and overseas assets. Both are government-owned dividend-paying stocks at low P/E multiples.

This Oil and Natural Gas Corporation vs Oil India article covers reach and market position, key products, latest declared results and stock valuation. The Oil and Natural Gas Corporation vs Oil India data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.

Oil and Natural Gas Corporation vs Oil India: Reach and Market Position

On the Oil and Natural Gas Corporation side of the Oil and Natural Gas Corporation vs Oil India comparison, ONGC produces oil from offshore basins (Mumbai High, Krishna Godavari) and onshore fields, and has a large international portfolio through ONGC Videsh. Market capitalisation is Rs 3,01,172 Cr.

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On the Oil India side of the Oil and Natural Gas Corporation vs Oil India comparison, Oil India produces oil and gas primarily from Assam, Rajasthan and overseas assets in Russia and elsewhere. It also holds stakes in Numaligarh Refinery and IndianOil. Market capitalisation is Rs 71,823 Cr.

Oil and Natural Gas Corporation vs Oil India: Key Products and Business Mix

In the Oil and Natural Gas Corporation vs Oil India product comparison, Oil and Natural Gas Corporation offers: ONGC earns from crude oil and natural gas production. EPS is Rs 35.61. P/E is 6.72x, ROE 11.14 percent, D/E 0.47. Dividend yield is 5.53 percent.

For Oil India in this Oil and Natural Gas Corporation vs Oil India breakdown: Oil India earns from crude oil, natural gas and LPG production. EPS is Rs 46.42. P/E is 9.51x, ROE 11.41 percent, D/E 0.65. Dividend yield is 2.60 percent.

Oil and Natural Gas Corporation vs Oil India: Latest Results

The Oil and Natural Gas Corporation vs Oil India results for Oil and Natural Gas Corporation: ONGC has a market cap of Rs 3,01,172 Cr and P/E of 6.72x. ROE is 11.14 percent with a high dividend yield of 5.53 percent. ONGC is 4.2 times larger than Oil India by market cap.

The Oil and Natural Gas Corporation vs Oil India results for Oil India: Oil India has a market cap of Rs 71,823 Cr and P/E of 9.51x. ROE is 11.41 percent — marginally above ONGC. Dividend yield is 2.60 percent. Oil India has a slightly higher P/E than ONGC.

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Oil and Natural Gas Corporation vs Oil India: Stock and Valuation

The Oil and Natural Gas Corporation vs Oil India stock comparison uses the latest available market data from Groww. Investors tracking Oil and Natural Gas Corporation vs Oil India should verify current prices on NSE or BSE before trading.

ONGC vs Oil India at current valuations: ONGC trades at Rs 3,01,172 Cr market cap, P/E 6.72x, ROE 11.14 percent, Div 5.53 percent. Oil India trades at Rs 71,823 Cr market cap, P/E 9.51x, ROE 11.41 percent, Div 2.60 percent. ONGC offers a much higher dividend yield and is far larger. Both are valued as dividend-income PSU plays sensitive to crude oil prices.

Oil and Natural Gas Corporation vs Oil India: Quick Comparison Table

The Oil and Natural Gas Corporation vs Oil India comparison table below summarises the key metrics covered in this article side by side.

Parameter	Oil and Natural Gas Corporation	Oil India
Sector	Upstream oil and gas PSU (large, offshore + onshore)	Upstream oil and gas PSU (northeast + overseas)
Market Cap	Rs 3,01,172 Cr	Rs 71,823 Cr
P/E Ratio	6.72x	9.51x
ROE	11.14%	11.41%
Debt to Equity	0.47	0.65
Dividend Yield	5.53%	2.60%
Ownership	Government of India (Navratna)	Government of India (Miniratna)

Conclusion

The Oil and Natural Gas Corporation vs Oil India comparison above covers the key data points on reach, products, results and valuation. ONGC vs Oil India covers India's two upstream oil PSUs at very different scales. ONGC is the dominant producer and dividend payer. Oil India is smaller with northeast India concentration and overseas assets. Both are cyclical with earnings tied to crude oil prices. Investors reviewing Oil and Natural Gas Corporation vs Oil India should check oil price outlook, production growth trajectory, windfall tax policy and government dividend demand. Oil and Natural Gas Corporation vs Oil India are cyclical PSU stocks tied to crude prices. Oil and Natural Gas Corporation vs Oil India carry government policy risk — consult a SEBI-registered advisor for personalised guidance.

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Frequently Asked Questions

What is ONGC known for?

Ans. ONGC is India's largest upstream oil and gas company, responsible for approximately 70 percent of India's domestic crude oil production. It produces from offshore Mumbai High and onshore fields, and has international investments through ONGC Videsh.

What does Oil India do?

Ans. Oil India is India's second largest upstream oil and gas PSU, with primary operations in Assam and Arunachal Pradesh, exploration in Rajasthan, and international assets in Russia, Bangladesh and other geographies. It holds stakes in Numaligarh Refinery.

Which PSU pays a higher oil dividend, ONGC or Oil India?

Ans. ONGC pays a significantly higher dividend yield at 5.53 percent versus Oil India at 2.60 percent.

How do oil prices affect ONGC and Oil India?

Ans. Both are positively correlated with crude oil prices — higher crude means higher realisations per barrel and higher profits. However, the government's windfall tax and subsidy burden can reduce the pass-through to reported earnings.

Is ONGC in Nifty 50?

Ans. Yes. ONGC is a constituent of Nifty 50. Oil India is not in Nifty 50.

What is ONGC Videsh?

Ans. ONGC Videsh Limited (OVL) is the international arm of ONGC, with oil and gas assets in Russia, Azerbaijan, Colombia, Brazil, South Sudan and other countries.

Are ONGC and Oil India safe for dividends?

Ans. Both are government-backed PSUs with a track record of paying dividends. However, dividend payouts depend on profitability, which is tied to crude prices and government levies. Past dividends do not guarantee future payouts.