Oil & Natural Gas Corpn Ltd (500312) closes at ₹120.90 with a Fall of -0.90% on 25-June-2021 with formation of a Long Red Candle on Daily Price Chart.
About the Company : ONGC is the largest crude oil and natural gas Company in India,
contributing around 71 per cent to Indian domestic production
Financials : Oil &
Natural Gas Corpn Ltd has posted Net Sales / Revenue of ₹360572.00 Cr & Net Profit
of ₹16249.00 Cr in FY2021 and expected to post Net Sales /
Revenue of ₹414660.00Cr & Net Profit of ₹27684.60 Cr in FY2022 & Net Sales / Revenue of ₹448621.90 Cr & Net
Profit of ₹25709.00 Cr in FY2023.
EPS will be improved from 12.92
in FY2021 to 22.0 in FY2022 & 20.40 in FY2023, reduction of debt from ₹98335.70Cr to ₹90926.40Cr with
increase in Free Cash Flow from ₹1130.80 Cr to ₹14492.00 during the same period. Book Value Per Share will increase from
₹172 to ₹198 in FY2023
& RoE will increase from 6.07 to 10.7 by FY2023.
Valuations :
The Company is now Trading at X 0.60
of its valuations
of its FY2021 earnings with ~40% Discount and X0.33 of its FY2022 earnings with
~67% Discount & X0.65 of its FY2023 earnings with ~65% Discount.
Margin of Safety (1Yr Bond Yield: Value>1 ) is now 2.8 which
makes is attractive at currenct price. The Equity Value Per Share ( Enterprise Value Method
) is ₹120.90
If We factor its FY2023 earnings/valuations, its Price
arrives at ₹204.34
(Conservative approach applied).
Market Sentiment
Update : Our Nifty Next Indictor (NNI) is now at 120.04 as on 25-June-2021,
which suggests the Return on Equity Investment will be 8.4% in next 6Month; 1.7%
in 12M & -5.0% (Negative) in 24M( Based on Historical data).
Disclaimer : We are / may going to take exposure shortly.
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Data
Source | NSE Website | Screener.In | Capital Line | Money Control |
The
author tracks economic, behavioural and corporate tends, hoping to gauge good
avenues of return based on Fundamental Valuations of Stocks, a follower of EPV
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