Oil & Natural Gas (NSE:ONGC) Debt-to-Equity: N/A (As of Jun. 2026)

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NSE:ONGC Oil & Natural Gas Corp Ltd NSE:ONGC
81 GF Score
Price ₹232.25
GF Value ₹294.49
Valuation Modestly Undervalued
! 2 Warning Signs
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What is Oil & Natural Gas Debt-to-Equity?

Oil & Natural Gas's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. Oil & Natural Gas's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Jun. 2026 was ₹0 Mil. Oil & Natural Gas's Total Stockholders Equity for the quarter that ended in Jun. 2026 was ₹0 Mil.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Oil & Natural Gas's Debt-to-Equity or its related term are showing as below:

NSE:ONGC' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.4   Med: 0.5   Max: 0.67
Current: 0.47

During the past 13 years, the highest Debt-to-Equity Ratio of Oil & Natural Gas was 0.67. The lowest was 0.40. And the median was 0.50.

NSE:ONGC's Debt-to-Equity is ranked worse than
51.12% of 806 companies
in the Oil & Gas industry
Industry Median: 0.44 vs NSE:ONGC: 0.47

Oil & Natural Gas  (NSE:ONGC) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Oil & Natural Gas Debt-to-Equity Related Terms

Oil & Natural Gas Debt-to-Equity Historical Data

* Premium members only.

The historical data trend for Oil & Natural Gas's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Oil & Natural Gas Debt-to-Equity Chart

Oil & Natural Gas Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.47 0.62 0.56 0.64 0.47

Oil & Natural Gas Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only N/A 0.48 N/A 0.47 N/A

NSE:ONGC vs XOM, CVX: Debt-to-Equity Comparison

For the Oil & Gas Integrated subindustry, Oil & Natural Gas's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Oil & Natural Gas Debt-to-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Oil & Natural Gas's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Oil & Natural Gas's Debt-to-Equity falls into.


NSE:ONGC
81GF Score
Oil & Natural Gas Corp Ltd NSE:ONGC
Debt-to-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Oil & Natural Gas Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Oil & Natural Gas's Debt to Equity Ratio for the fiscal year that ended in Mar. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(578948.99 + 1164042.34) / 3717677.95
=0.47

Oil & Natural Gas's Debt to Equity Ratio for the quarter that ended in Jun. 2026 is calculated as

Debt to Equity=Total Debt / Total Stockholders Equity
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / Total Stockholders Equity
=(0 + 0) / 0
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Is Oil & Natural Gas (NSE:ONGC) Overvalued in 2026?

Based on GuruFocus' analysis, Oil & Natural Gas stock appears to be undervalued. The current stock price of ₹232.25 is trading 21.1% below its estimated GF Value™ of ₹294.49. GuruFocus considers Oil & Natural Gas to be Modestly Undervalued.

Key valuation signals for NSE:ONGC:

  • Debt-to-Equity: N/A
  • GF Value™: ₹294.49 vs. price of ₹232.25 (21.1% below fair value)
  • GF Score™: 81/100 with 2 warning signs

No single metric tells the full story. See the NSE:ONGC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Oil & Natural Gas Business Description

Industry EnergyOil & Gas
Other Exchanges 500312:India
Address Nelson Mandela Marg, Plot No. 5A-5B, Vasant Kunj, New Delhi, IND, 110070
Oil & Natural Gas Corp Ltd is an Indian-based company. It engaged in the exploration, development, and production of crude oil, natural gas, and value-added products. Along with its subsidiaries, the company operates in the following business segments: Refining and Marketing, which derives maximum revenue, Exploration and Production, and Petrochemicals. Geographically, the group derives maximum revenue from India, from its offshore and onshore activities, and is also involved in exploration and production activities outside India.
81GF Score

Get the complete analysis for NSE:ONGC

Debt-to-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹232.25
Price
₹294.49
GF Value