Oil & Natural Gas Corporation Limited (ONGC) - Cash Flow Conversion Efficiency

Latest as of September 2025: 0.151x

Based on the latest financial reports, Oil & Natural Gas Corporation Limited (ONGC) has a cash flow conversion efficiency ratio of 0.151x as of September 2025. Cash flow conversion efficiency measures how effectively a company's net assets (equity) generate operating cash flow. It is calculated by dividing operating cash flow (Rs607.87 Billion ≈ $6.57 Billion USD) by net assets (Rs4.02 Trillion ≈ $43.46 Billion USD). A higher ratio indicates that the company is more efficient at using its equity to generate cash flow from its core operations. See ONGC net asset quality index to measure how much of total assets are equity-financed.

Oil & Natural Gas Corporation Limited - Cash Flow Conversion Efficiency Trend (2002–2026)

This chart illustrates how Oil & Natural Gas Corporation Limited's cash flow conversion efficiency has evolved over time, based on yearly financial data. Check ONGC cash flow quality score to evaluate the quality of earnings relative to operating cash generation.

Oil & Natural Gas Corporation Limited Competitors by Cash Flow Conversion Efficiency

The table below lists competitors of Oil & Natural Gas Corporation Limited ranked by their cash flow conversion efficiency.

Company	Cash Flow Conversion Efficiency
M&T Bank Corporation NYSE:MTB	0.036x
Ping An Bank Co Ltd SHE:000001	0.198x
LEONARDO ADR 1/2/EO 440 F:FMN	-0.038x
Chunghwa Telecom Co Ltd NYSE:CHT	0.080x
Ingersoll Rand Inc NYSE:IR	0.035x
Humana Inc NYSE:HUM	0.067x
ANSYS Inc NASDAQ:ANSS	0.065x
Fiserv, Inc. NYSE:FI	0.072x

Annual Cash Flow Conversion Efficiency for Oil & Natural Gas Corporation Limited (2002–2026)

The table below shows the annual cash flow conversion efficiency of Oil & Natural Gas Corporation Limited from 2002 to 2026. For the full company profile with market capitalisation and key ratios, see Oil & Natural Gas Corporation Limited market cap and net worth.

Year	Net Assets	Operating Cash Flow	Cash Flow Conversion Efficiency	Change
2026-03-31	Rs4.10 Trillion ≈ $44.31 Billion	Rs1.13 Trillion ≈ $12.21 Billion	0.275x	+13.46%
2025-03-31	Rs3.74 Trillion ≈ $40.47 Billion	Rs908.68 Billion ≈ $9.83 Billion	0.243x	-10.69%
2024-03-31	Rs3.65 Trillion ≈ $39.48 Billion	Rs992.63 Billion ≈ $10.73 Billion	0.272x	-2.05%
2023-03-31	Rs3.03 Trillion ≈ $32.81 Billion	Rs842.11 Billion ≈ $9.11 Billion	0.278x	+0.83%
2022-03-31	Rs2.83 Trillion ≈ $30.64 Billion	Rs780.00 Billion ≈ $8.44 Billion	0.275x	+41.49%
2021-03-31	Rs2.43 Trillion ≈ $26.24 Billion	Rs472.01 Billion ≈ $5.10 Billion	0.195x	-38.95%
2020-03-31	Rs2.25 Trillion ≈ $24.31 Billion	Rs716.34 Billion ≈ $7.75 Billion	0.319x	+22.50%
2019-03-31	Rs2.36 Trillion ≈ $25.55 Billion	Rs614.58 Billion ≈ $6.65 Billion	0.260x	+0.60%
2018-03-31	Rs2.20 Trillion ≈ $23.75 Billion	Rs567.92 Billion ≈ $6.14 Billion	0.259x	+27.27%
2017-03-31	Rs2.25 Trillion ≈ $24.37 Billion	Rs457.80 Billion ≈ $4.95 Billion	0.203x	-12.01%
2016-03-31	Rs2.00 Trillion ≈ $21.68 Billion	Rs462.92 Billion ≈ $5.01 Billion	0.231x	+24.42%
2015-03-31	Rs1.83 Trillion ≈ $19.78 Billion	Rs339.50 Billion ≈ $3.67 Billion	0.186x	-39.01%
2014-03-31	Rs1.75 Trillion ≈ $18.93 Billion	Rs532.70 Billion ≈ $5.76 Billion	0.304x	+17.88%
2013-03-31	Rs1.54 Trillion ≈ $16.71 Billion	Rs398.74 Billion ≈ $4.31 Billion	0.258x	-22.41%
2012-03-31	Rs1.39 Trillion ≈ $15.00 Billion	Rs461.29 Billion ≈ $4.99 Billion	0.333x	-7.02%
2011-03-31	Rs1.17 Trillion ≈ $12.69 Billion	Rs419.80 Billion ≈ $4.54 Billion	0.358x	+28.10%
2010-03-31	Rs1.03 Trillion ≈ $11.14 Billion	Rs287.83 Billion ≈ $3.11 Billion	0.279x	-9.81%
2009-03-31	Rs936.35 Billion ≈ $10.13 Billion	Rs289.98 Billion ≈ $3.14 Billion	0.310x	-15.47%
2008-03-31	Rs792.31 Billion ≈ $8.57 Billion	Rs290.29 Billion ≈ $3.14 Billion	0.366x	-10.95%
2007-03-31	Rs675.46 Billion ≈ $7.30 Billion	Rs277.90 Billion ≈ $3.01 Billion	0.411x	+7.64%
2006-03-31	Rs539.60 Billion ≈ $5.84 Billion	Rs206.24 Billion ≈ $2.23 Billion	0.382x	-0.77%
2005-03-31	Rs468.45 Billion ≈ $5.07 Billion	Rs180.44 Billion ≈ $1.95 Billion	0.385x	+13.92%
2004-03-31	Rs417.69 Billion ≈ $4.52 Billion	Rs141.24 Billion ≈ $1.53 Billion	0.338x	-5.02%
2003-03-31	Rs363.72 Billion ≈ $3.93 Billion	Rs129.49 Billion ≈ $1.40 Billion	0.356x	+30.82%
2002-03-31	Rs298.55 Billion ≈ $3.23 Billion	Rs81.25 Billion ≈ $878.67 Million	0.272x	--

About Oil & Natural Gas Corporation Limited

NSE:ONGC India Oil & Gas Integrated

Market Cap

$33.00 Billion

Rs3.05 Trillion INR

Market Cap Rank

#819 Global

#21 in India

Share Price

Rs242.53

Change (1 day)

+0.39%

52-Week Range

Rs231.33 - Rs301.40

All Time High

Rs331.00