Is ONGC (ONGC) Halal?
Shariah Screening — 5 Standards
Based on financial data from March 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 53.5% / 30% | 8.6% / 30% | 6.0% / 30% | 0.76% / 5% | ✗ NOT HALAL |
| DJIM | 53.5% / 33% | 8.6% / 33% | 6.0% / 33% | 0.76% / 5% | ✗ NOT HALAL |
| MSCI | 24.8% / 33% | 4.0% / 33% | 2.8% / 33% | 0.76% / 5% | ✓ HALAL |
| S&P | 53.5% / 33% | 8.6% / 33% | 6.0% / 33% | 0.76% / 5% | ✗ NOT HALAL |
| FTSE | 24.8% / 33% | 4.0% / 33% | 2.8% / 50% | 0.76% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 19.5% | |
| Operating Margin | 9.5% | |
| Net Margin | 5.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $908.7B |
| Free Cash Flow | $351.9B |
| Total Debt | $1.9T |
| Debt-to-Equity | 43.8 |
| Total Assets | $7.6T |
Price & Trading
| Last Close | INR 270.20 |
| 50-Day MA | INR 267.59 |
| 200-Day MA | INR 248.05 |
| Avg Volume | 19.7M |
| Beta | 0.2 |
|
52-Week Range
INR 205.00
| |
About ONGC (ONGC)
Oil and Natural Gas Corporation Limited, together with its subsidiaries, engages in the exploration, development, production, and distribution of crude oil, natural gas, and value-added products in India and internationally. It operates through Exploration and Production, Refining & Marketing, and Petrochemicals segments. The company engages in the refining and marketing of petroleum products; liquefied natural gas supply; pipelines for transportation of petroleum products; SEZ development; helicopter services; and production of ethanol, sugar, petrochemicals, liquefied petroleum gas, naphtha, ethane, propane, butane, kerosene oil, low sulphur heavy stock, residual crude oil, mineral turpentine oil, aviation turbine fuel, and high speed diesel. It also generates wind power through a total installed capacity of 153.9 MW; and solar power through a total installed capacity of 39.96 MW. The company also exports its products. Oil and Natural Gas Corporation Limited was founded in 1955 and is based in New Delhi, India.
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Frequently Asked Questions
Is ONGC (ONGC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), ONGC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is ONGC's debt ratio?
ONGC's debt ratio is 53.5% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 24.8%.
What are ONGC's key financial metrics?
ONGC has a market capitalization of $3.5T, trailing P/E ratio of 9.3, and revenue of $6.1T. The company maintains a gross margin of 19.5% and a net margin of 5.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.