ONGC is the Black Gold of India. With the Subsidy burden on ONGC reducing we expect the profit to increase consistently.
It best time to buy as the oil prices are low and during the month of august when the demand from US increases ,we see the Oil price increase.
We recommend a buy on this consistent dividend paying company with a target of 640 in 1 year time frame.
Annual results in brief
(Rs crore)
| Mar ' 12 | Mar ' 11 | Mar ' 10 | Mar ' 09 | Mar ' 08 | |
|---|---|---|---|---|---|
| Sales | 76,516.39 | 69,177.30 | 61,982.52 | 64,367.23 | 60,137.26 |
| Operating profit | 36,554.38 | 41,032.70 | 37,491.36 | 31,367.37 | 30,080.83 |
| Interest | 34.83 | 25.11 | 68.65 | 118.96 | 58.98 |
| Gross profit | 40,998.58 | 43,561.96 | 39,642.63 | 35,999.88 | 35,032.51 |
| EPS (Rs) | 29.36 | 22.12 | 39.20 | 37.70 | 38.14 |
No comments:
Post a Comment