New Delhi: — Shares of Oil and Natural Gas Corporation (ONGC) are in focus after the company officially announced the Record Date for its final dividend payment for the financial year 2024–25 (FY25). The Maharatna PSU confirmed that Thursday, September 4, 2025, has been fixed as the Record Date to determine the eligibility of shareholders for receiving the final dividend of ₹1.25 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).
Background
The ONGC Board had earlier recommended the final dividend of ₹1.25 per share at its meeting held on May 21, 2025, bringing the total dividend payout for FY25 to ₹12.25 per share, the highest-ever annual dividend declared by the company. This includes:
- ₹6.00/share interim dividend (declared in November 2024),
- ₹5.00/share second interim dividend (declared in January 2025), and
- ₹1.25/share proposed final dividend.
All dividends are on the face value of ₹5 per share.
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Stock Performance
Despite the generous dividend policy, ONGC shares have been under selling pressure. On Friday, the stock closed at ₹236.00 on the BSE, marking a 2.07% decline. Over the past month, the stock has corrected by approximately 2.10%, mirroring broader weakness in PSU energy counters amid volatile crude prices and softening global demand outlook.
Financial Snapshot
- Q4 FY25 Net Profit: ₹8,856 crore (consolidated), down ~20% YoY
- FY25 Net Profit: ₹35,610 crore (standalone), down ~12%
- ONGC drilled a record 578 wells in FY25 — its highest in 35 years
- Total capex of over ₹62,000 crore, with key investments in OPaL and renewable energy via ONGC Green Ltd.
What This Means for Investors
With the final dividend of ₹1.25/share now confirmed (pending AGM approval), investors who wish to receive the dividend must hold ONGC shares on or before the Record Date — September 4, 2025. The ex-dividend date is likely to be September 3, 2025, meaning the stock would trade without the dividend benefit from that day.
Despite subdued recent stock performance, ONGC continues to attract dividend-focused long-term investors, thanks to its consistent payout policy, state backing, and active diversification into petrochemicals and green energy.
read also: ONGC Receives Rs 111.55 Crore Tax Penalty Order from CGST Commissionerate, Navi Mumbai
Outlook
Analysts remain divided: while ONGC’s high dividend yield and low valuation offer support, concerns around earnings volatility, energy transition risks, and government interference persist. The company’s strategic investments in renewable energy and deeper exploration efforts are seen as long-term positives, but near-term gains may be capped unless crude prices stabilize or earnings surprise on the upside.
About ONGC
The Oil and Natural Gas Corporation Limited is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India’s domestic production of crude oil and around 84 percent of natural gas.
