Buy Oil And Natural Gas Corporation, target Rs 182: Pritesh Mehta

Pritesh Mehta of IIFL has a buy call on Oil And Natural Gas Corporation with a target price of Rs 182.

The current market price of Oil And Natural Gas Corporation is Rs 166.

Time period given by analyst is intraday when Oil And Natural Gas Corporation price can reach defined target.

Pritesh Mehta recommended to keep a stop loss at Rs 162.

Oil And Natural Gas Corporation, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 2,15,020.86 Crore) operating in Petroleum sector.

Oil And Natural Gas Corporation key Products/Revenue Segments include Oil Crude which contributed Rs 51,896.33 Crore to Sales Value (66.05 per cent of Total Sales), Gas Natural which contributed Rs 18,266.37 Crore to Sales Value (23.24 per cent of Total Sales), Liquefied Petroleum Gas which contributed Rs 3,519.44 Crore to Sales Value (4.47 per cent of Total Sales), Naphtha which contributed Rs 3,051.06 Crore to Sales Value (3.88 per cent of Total Sales), C2/C3 (Ethane/Propane) which contributed Rs 894.53 Crore to Sales Value (1.13 per cent of Total Sales), Subsidy which contributed Rs 290.16 Crore to Sales Value (0.36 per cent of Total Sales), Superior Kerosene Oil which contributed Rs 211.78 Crore to Sales Value (0.26 per cent of Total Sales), Other Operating Revenue which contributed Rs 167.91 Crore to Sales Value (0.21 per cent of Total Sales), Electricity which contributed Rs 65.17 Crore to Sales Value (0.08 per cent of Total Sales), Processing Charges which contributed Rs 53.30 Crore to Sales Value (0.06 per cent of Total Sales), Propane which contributed Rs 49.58 Crore to Sales Value (0.06 per cent of Total Sales), Low Sulphur Stock which contributed Rs 41.18 Crore to Sales Value (0.05 per cent of Total Sales), HSD which contributed Rs 40.56 Crore to Sales Value (0.05 per cent of Total Sales), Mineral Oil which contributed Rs 7.46 Crore to Sales Value (0.00 per cent of Total Sales), High Speed Diesel (Trading) which contributed Rs 5.72 Crore to Sales Value (0.00 per cent of Total Sales), Motor Spirit which contributed Rs 4.37 Crore to Sales Value, Others which contributed Rs 0.26 Crore to Sales Value for the year ending 31-Mar-2016.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 19,073.54 Crore, down 12.16 per cent from last quarter Sales of Rs 21,714.02 Crore and up 7.94 per cent from last year same quarter Sales of Rs 17,670.37 Crore.

Company has reported net profit after tax of Rs 3,884.73 Crore in latest quarter.

The company’s top management includes Dr.Santrupt Misra, Mr.A K Dwivedi, Mr.A K Srinivasan, Mr.Ajai Malhotra, Mr.Amar Nath, Mr.D D Misra, Mr.D K Sarraf, Mr.Deepak Sethi, Mr.K M Padmanabhan, Mr.Rajiv Bansal, Mr.Shashi Shanker, Mr.Sumit Bose, Mr.T K Sengupta, Mr.V P Mahawar, Mr.Vivek Mallya, Prof.Shireesh B Kedare.

Company has PKF Sridhar & Santhanam LLP as its auditors.

As on 30-06-2017, the company has a total of 12,833,235,180 shares outstanding.