Friday, September 4, 2009
FROM Sh Arun Kejriwal's Blog
Whenever one talks of OIL, ONGC comes to mind. Very clearly ONGC is the big brother of OIL and from the table below it can be seen that by and large ONGC is ten times the size of OIL. Broadly speaking on parameters of efficiency, earnings and performance the similarities are more than striking and one could say that they are identical. In terms of size there is a clear cut difference and ONGC is about ten times in size.
| ONGC Group | OIL India Limited |
| Production – approx. 448 MBOE | Production – approx. 40 MBOE |
| Turnover – Rs 109000 crs or 1.09 trillion | Turnover – Rs 7100 crs or Rs 71 billion |
| Profit After Tax Rs 19700 crs | Profit after tax Rs 2200 crs |
| Equity – Rs 21.38 billion | Equity – Rs 2.14 billion (pre-IPO) |
| Earnings per share (FY 09) Rs 92.35 | Earnings per share (FY09) Rs 101 |
| P2 Reserves – Oil – 5247 million barrels | P2 Reserves – Oil – 577 million barrels |
| Gas – 628 bcm = 3831 mn barrels | Gas – 63 bcm = 387 mn barrels |
| Oil + Gas = 9078 mboe | Oil + Gas = 964 mboe |
| Return on net worth 25 % | Return on net worth 23% |
MBOE = million barrels of oil and oil equivalent
BCM = Billion Cubic Metres |
NHPC has just listed a few days back and very clearly the listing of the same was a disaster considering the overwhelming response the issue garnered. HNI’s had invested Rs 35000 crs in an issue where shares worth Rs 580 crs were to be offered to them. There cost of funds was in a range of Rs 6.75 – Rs 7.25 per share and each one of them has either booked a loss or is holding on to a huge loss, hoping that the price improves. In this scenario the question that comes to mind is should one invest in OIL by applying for the issue and if yes at what price?
Posted via email from The investment blog on Post
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