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Balance sheet of ONGC is moderately strong, But short term working capital might become an issue for this company.
Yes, The debt of ONGC is increasing.
Latest debt of ONGC is ₹1,20,610 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹46,385 Crs.
The profit is oscillating.
The profit of ONGC is ₹40,938 Crs for TTM, ₹49,221 Crs for Mar 2024 and ₹36,709 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
ONGC latest dividend payout ratio is 31.31% and 3yr average dividend payout ratio is 32.96%
Companies resources are majorly tied in miscellaneous assets