ONGC is India's largest oil and gas company. It has integrated operations across the entire hydrocarbon value chain, including exploration and production, refining, pipelines, marketing, and petrochemicals. The presentation provides an overview of ONGC's group structure, financial performance over recent years, strengths and limitations, and future plans to invest $31 billion in exploration and pursue renewable energy and green hydrogen projects through partnerships.

1. Oil and Natural Gas
Corporation
Making Tomorrow Brighter
By Keshav Jalan(Batch 581)
14-08-2022 1

2. Disclaimer
 This presentation does not provide individually tailored advice but is an
effort to express views that may be considered debatable, and may not
conform to different views on the topic and does not contain any
information of strategic nature emerging from the ONGC group of
Companies.
 The presentation is based on information available to me, including
information derived from public sources that have not been
independently verified.
 This presentation had been prepared without regard to any pressure
group, institution/ lobby on international affairs or relations and is not
meant to aim at any individual, institution, group, country, government
or political representatives, its ideology, thinking or prophesy.
 This presentation is not intended to be relied upon as advice to investors
or potential investors and does not take into account the investment
objectives, financial situation or needs of any investor.
14-08-2022 2

3. Presentation Overview
ONGC Group
Financial Performance
Future Persuits
14-08-2022 3

4. ONGC Group
14-08-2022 4

5. Ongc Group
(Integrated Energy
Business)
Upstream
ONGC
ONGC Videsh
Prize Petrolium
Refinary/petchem
MRPL(71.63%)
OPAL(49.36%)
OMPL
HP(54.9%)
VAP
ONGC
LNG
Petronet
LNG(12.5)
Power
TPC(50%)
Renewables
ONGC
HP
ONGC MRPL
OMPL
14-08-2022 5

6. ONGC Assets &Basins
14-08-2022 6

7. Financial Performance
14-08-2022 7

8. P&L Statements Of Current And
Previous Years
PARTICULARS MAR 2020 MAR 2021 MAR 2022
Net Sales 96,165.84 68,087.18 1,10,318.87
Total
Expenditure
68,945.17 53,760.76 68,549.55
Operating
Profit
27,220.67 14,326.42 41,769.31
Other Income 19,992.74 19,320.55 19,176.24
Interest 3,309.68 2,291.84 2,359.86
Depreciation 18,616.86 16,327.38 17,545.70
Exceptional
Items
-4,899.05 1,375.03 0
Profit Before
Tax
20,387.83 16,402.79 41,039.99
Tax 6,924.15 5,156.35 734.25
Net Profit 13,463.68 11,246.44 40,305.74
14-08-2022 8

9. Balance Sheet of Current & Previous Years
PARTICULARS MAR 2018 MAR 2019 MAR 2020 MAR 2021 MAR 2022
Equity and Liabilities
Share Capital 6,416.63 6,290.15 6,290.15 6,290.14 6,290.14
Total Reserves 1,86,968.05 1,95,499.42 1,86,804.65 1,98,268.43 2,30,857.95
Borrowings 0 0 2,245.10 6,327.52 6,396.90
Other N/C liabilities 48,505.31 51,201.59 59,951.49 70,737.60 57,117.88
Current liabilities 49,338.19 46,716.88 48,044.91 36,829.90 36,601.37
Total Liabilities 2,91,228.18 2,99,708.04 3,03,336.31 3,18,453.58 3,37,264.24
Assets
Net Block 1,19,628.40 1,21,935.73 1,27,699.06 1,30,699.77 1,36,935.60
Capital WIP 13,545.06 15,523.54 20,016.58 24,811.29 28,753.68
Intangible WIP 21,838.53 19,526.69 16,208.97 16,137.79 13,217.03
Investments 85,730.80 84,881.54 79,085.55 81,376.44 85,173.22
Loans & Advances 12,531.62 11,045.18 11,169.37 10,267.67 12,604.86
Other N/C Assets 16,437.21 18,450.26 22,170.79 23,383.18 24,653.38
Current Assets 21,516.55 28,345.11 26,986 31,777.45 35,926.48
Total Assets 2,91,228.18 2,99,708.04 3,03,336.31 3,18,453.58 3,37,264.24
14-08-2022 9

10. Cash Flow Statement
PARTICULARS MAR 2018 MAR 2019 MAR 2020 MAR 2021 MAR 2022
Profit from operations 28,892.47 40,029.05 20,387.83 16,402.79 41,039.99
Adjustment 15,403.37 19,843.39 31,396.50 16,506.21 19,042.01
Changes in Assets &
Liabilities
520.73 -6,360.99 12,687.01 -2,409.06 -1,000.64
Tax Paid -7,279.73 -11,207.64 -6,664.55 -2,834.85 -9,779.93
Operating Cash Flow 37,536.85 42,303.81 57,806.79 27,665.09 49,301.43
Investing Cash Flow -53,730.38 -22,087.54 -34,979.80 -20,656.96 -23,502.02
Financing Cash Flow 16,180.47 -20,229.74 -22,747.10 -6,984.25 -25,869.20
Net Cash Flow -13.06 -13.46 79.88 23.88 -69.80
14-08-2022 10

11. Strength And Weakness
Strength Limitation
• Company is virtually debt free.
• Company has a healthy Interest
coverage ratio of 8.16.
• The Company has been maintaining
an effective average operating
margins of 23.18% in the last 5 years.
• The company has a good cash flow
management; CFO/PAT stands
at 2.22.
• The company has a high promoter
holding of 58.91%.
• The company has shown a poor profit
growth of -17.39% for the Past 3
years.
• The company has shown a poor
revenue growth of -7.12% for the
Past 3 years.
• Company has contingent liabilities
of 61,351.24 Cr.
14-08-2022 11

12. Future Purusits
14-08-2022 12

13. Capital Expenditure on
exploration-
 India's top oil and gas producer ONGC on Thursday said it will invest Rs 31,000
crore over the next three years in exploring the Indian sedimentary basin for
fuel reserves which could augment the nation's production in its attempt to
be self-reliant in the energy sector.
 India is 85 per cent dependent on imports to meet its oil needs and half of the
natural gas requirement is shipped from abroad. Finding and producing
more oil and gas domestically will cut this reliance, helping insulate the
domestic market from volatility in international energy prices.
 This exploration will be funded by both ONGC and Indian government.
 ONGC is trying to probe around 1,700 million tonnes of oil and oil equivalent
gas (MMTOE) of yet-to-find (YTF) reserves during FY 2022-25.
14-08-2022 13

14. ONGC On Renewable Energy-
 ONGC and Greenko set to splash $6.2 billion on Indian green hydrogen and
renewable projects.
 This could lead to the development of 5.5 to 7 gigawatts of solar and wind
power projects, along with plans for producing green hydrogen.
 The renewable energy component of the chain would cost about $5 billion,
while the hydrogen and ammonia plant would require an additional $ 1.2
billion.
 The activities envisaged under this MoU will contribute towards India’s target
of producing 5 million tonnes of green hydrogen per annum by 2030.
14-08-2022 14

15. ONGC VIDESH
 ONGC Videsh is the first Indian Company to produce equity oil and gas abroad.
 ONGC Videsh’s production started in 2002-03 with commencement of production of Block 06.1
in Vietnam in January 2003.
 With sustained growth in production from its acquired assets, ONGC Videsh’s production
reached 9.448 MMTOE in 2010-11.
 Adverse geo-political conditions in North Eastern Africa and force majeure situation in Syria
caused decline in oil production to a level 7.260 MMTOE in 2012-13.
 However, in 2013-14, 2014-15 and 2015-16, production increased to the level of 8.357
MMTOE, 8.874 MMTOE and 8.916 MMTOE, primarily due to better management and addition in
the portfolio. With acquisition of 26% stake in Vankorneft, Russia in 2016 and 4% stake in
Lower Zakum Concession, UAE in 2018; production of ONGC Videsh has increased to 12.803
MMTOE for 2016-17 and 14.833 MMTOE in 2018-19.
 ONGC Videsh reached highest ever production of oil and oil equivalent gas (O+OEG) of 14.891
MMtoe during 2019-20.
14-08-2022 15