Oil & Natural Gas Corporation Limited (ONGC) — Financial Flexibility Index
Oil & Natural Gas Corporation Limited (ONGC) has a Financial Flexibility Index of 0.23x as of September 2025. Free cash flow of Rs861.16 Billion (operating CF Rs607.87 Billion minus capex Rs253.30 Billion) represents 0% of total liabilities (Rs3.80 Trillion). Check asset allocation strategy of Oil & Natural Gas Corporation Limited to assess the company's strategic physical and investment asset allocation.
Financial Flexibility Index
Free Cash Flow
Total Liabilities
Capital Expenditures
Oil & Natural Gas Corporation Limited Financial Flexibility Index (2002–2026)
Historical Financial Flexibility Index trend for Oil & Natural Gas Corporation Limited across 25 annual periods. See Oil & Natural Gas Corporation Limited working capital to net assets to evaluate short-term liquidity relative to the company's equity base.
Annual Financial Flexibility Index for Oil & Natural Gas Corporation Limited (2002–2026)
Year-by-year free cash flow to debt coverage for Oil & Natural Gas Corporation Limited. For the full company profile including market capitalisation, see market value of Oil & Natural Gas Corporation Limited.
| Year | Flexibility Index | Free Cash Flow (INR) | Operating CF | Total Liabilities | YoY Change |
|---|---|---|---|---|---|
| 2026 | 0.40x | Rs1.54 Trillion | Rs1.13 Trillion | Rs3.82 Trillion | ▲ +5.8% |
| 2025 | 0.38x | Rs1.47 Trillion | Rs908.68 Billion | Rs3.84 Trillion | ▼ -13.0% |
| 2024 | 0.44x | Rs1.51 Trillion | Rs992.63 Billion | Rs3.45 Trillion | ▲ +3.5% |
| 2023 | 0.42x | Rs1.33 Trillion | Rs842.11 Billion | Rs3.15 Trillion | ▲ +4.4% |
| 2022 | 0.41x | Rs1.23 Trillion | Rs780.00 Billion | Rs3.02 Trillion | ▲ +35.2% |
| 2021 | 0.30x | Rs902.02 Billion | Rs472.01 Billion | Rs3.01 Trillion | ▼ -33.9% |
| 2020 | 0.45x | Rs1.27 Trillion | Rs716.34 Billion | Rs2.79 Trillion | ▲ +12.9% |
| 2019 | 0.40x | Rs1.04 Trillion | Rs614.58 Billion | Rs2.59 Trillion | ▼ -5.0% |
| 2018 | 0.42x | Rs1.02 Trillion | Rs567.92 Billion | Rs2.41 Trillion | ▼ -25.4% |
| 2017 | 0.57x | Rs821.09 Billion | Rs457.80 Billion | Rs1.45 Trillion | ▲ +5.4% |
| 2016 | 0.54x | Rs764.17 Billion | Rs462.92 Billion | Rs1.42 Trillion | ▲ +19.9% |
| 2015 | 0.45x | Rs693.84 Billion | Rs339.50 Billion | Rs1.55 Trillion | ▼ -41.8% |
| 2014 | 0.77x | Rs1.15 Trillion | Rs532.70 Billion | Rs1.49 Trillion | ▼ -7.2% |
| 2013 | 0.83x | Rs821.54 Billion | Rs398.74 Billion | Rs989.86 Billion | ▼ -9.4% |
| 2012 | 0.92x | Rs856.98 Billion | Rs461.29 Billion | Rs935.26 Billion | ▲ +0.5% |
| 2011 | 0.91x | Rs696.85 Billion | Rs419.80 Billion | Rs764.43 Billion | ▲ +17.0% |
| 2010 | 0.78x | Rs500.36 Billion | Rs287.83 Billion | Rs642.31 Billion | ▼ -5.9% |
| 2009 | 0.83x | Rs506.37 Billion | Rs289.98 Billion | Rs611.85 Billion | ▼ -16.7% |
| 2008 | 0.99x | Rs458.43 Billion | Rs290.29 Billion | Rs461.27 Billion | ▲ +3.8% |
| 2007 | 0.96x | Rs413.57 Billion | Rs277.90 Billion | Rs431.94 Billion | ▲ +12.2% |
| 2006 | 0.85x | Rs284.35 Billion | Rs206.24 Billion | Rs333.06 Billion | ▼ -11.3% |
| 2005 | 0.96x | Rs261.46 Billion | Rs180.44 Billion | Rs271.78 Billion | ▲ +34.3% |
| 2004 | 0.72x | Rs199.48 Billion | Rs141.24 Billion | Rs278.42 Billion | ▲ +7.0% |
| 2003 | 0.67x | Rs159.20 Billion | Rs129.49 Billion | Rs237.80 Billion | ▲ +8.0% |
| 2002 | 0.62x | Rs97.23 Billion | Rs81.25 Billion | Rs156.80 Billion | — |