NSE ScannerComparison · NSE · data 2026-11-01
Indian Oil Corp. Ltd. vs Oil & Natural Gas Corp. Ltd.
In plain words
Size: Oil & Natural Gas Corp. Ltd. is about 1.5 times the market value of Indian Oil Corp. Ltd..
Valuation (P/E): Oil & Natural Gas Corp. Ltd. 6.5 vs Indian Oil Corp. Ltd. 3.8.
Return on equity: Indian Oil Corp. Ltd. 20.7% vs Oil & Natural Gas Corp. Ltd. 11.6%.
Profit growth over 3 years: Indian Oil Corp. Ltd. 62.6% a year vs Oil & Natural Gas Corp. Ltd. 4.1% a year.
Debt to equity: Indian Oil Corp. Ltd. 0.6 vs Oil & Natural Gas Corp. Ltd. 0.47.
Differences in the numbers, not a recommendation of either stock.
Side by side
| IOC | ONGC | |
|---|---|---|
| Price | ₹130.15 | ₹225.39 |
| Market cap | ₹1,83,576 cr | ₹2,84,314 cr |
| P/E | 3.8 | 6.5 |
| P/B | 0.8 | — |
| ROE | 20.7% | 11.6% |
| ROCE | 20.8% | 13.2% |
| Debt / equity | 0.6 | 0.47 |
| Operating margin | 7.3% | 9.2% |
| Dividend yield | 6.35% | 5.86% |
| Sales growth, 3 years (yearly) | -2.2% | -1.3% |
| Profit growth, 3 years (yearly) | 62.6% | 4.1% |
| 1-year return | -20.2% | -12.1% |
| Revenue, last 12 months | ₹9,33,821 cr | ₹7,04,127 cr |
| Net profit, last 12 months | ₹47,242 cr | ₹43,519 cr |
| Latest quarter | Sept 2026 | Jun 2026 |
| Quarter net profit | ₹21,408 cr | ₹11,899 cr |
| Quarter profit vs a year earlier | +173.8% | +21.4% |
| Promoter holding | 51.50% | 58.89% |
| Health check | Strong (7/10) | Average (6/10) |
Common questions
Which has a higher P/E, Indian Oil Corp. Ltd. or Oil & Natural Gas Corp. Ltd.?
Oil & Natural Gas Corp. Ltd. trades at the higher P/E (6.5 against 3.8). A higher P/E means the market pays more for each rupee of past earnings; on its own it does not say which is better.
Which earns a higher return on equity?
Indian Oil Corp. Ltd. (20.7% against 11.6%).
Which carries more debt?
Indian Oil Corp. Ltd. has the higher debt-to-equity ratio (0.6 against 0.47).