CareEdge reaffirms AAA ratings for ONGC stock

Published on 10/19/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-quarter fiscal 2026-27 profit rose 112 percent to INR 170.34 billion. ONGC stock stood at INR 224.50 on October 19, 2026, above INR 223.00.

Credit and earnings markers

CareEdge reaffirmed ONGC ratings covering INR 525.0 billion of facilities on October 9, 2026.
Standalone profit rose 112 percent to INR 170.34 billion in the first quarter of fiscal 2026-27.
ONGC stock stood at INR 224.50 at 11:17 a.m. IST on October 19, 2026, on the NSE.

ONGC, INE213A01029, Illustration mit AI erstellt.

ONGC (ISIN INE213A01029) has had its top credit ratings reaffirmed, while standalone profit rose 112 percent to INR 170.34 billion in the first quarter of fiscal 2026-27. Indian Masterminds reported on October 9, 2026, that CareEdge Ratings reaffirmed CARE AAA Stable and CARE A1+ ratings for ONGC facilities and instruments.

Rating strength has a number

The reaffirmation covers INR 525.0 billion of bank facilities, non-convertible debentures and commercial paper. The package includes INR 175.0 billion of combined long-term and short-term bank facilities, giving the rating action a measurable financing scale.

What does the rating mean?

CareEdge kept the long-term outlook stable and made no upgrade or downgrade, according to Indian Masterminds. That matters alongside the first-quarter figures: standalone gross revenue reached INR 464.60 billion, up 45 percent year over year, while profit after tax reached INR 170.34 billion, up 112 percent, as reported by EconoTimes.

Three dated company steps

On August 4, 2026, ONGC reported the first-quarter results. On September 21, 2026, it announced gas in the Mahanadi deepwater basin at intervals of 1,441 to 1,452 meters in a well drilled to 1,623 meters, according to Economic Times Energy. On October 9, 2026, CareEdge reaffirmed the ratings covering INR 525.0 billion, according to Indian Masterminds.

When are results due?

TradingView lists November 16, 2026 as the next reporting date for ONGC's second quarter of fiscal 2026-27. The company trades on the NSE under the ticker ONGC, making the upcoming report the next scheduled test of whether the first-quarter profit increase can continue.

NSE price and valuation

ONGC was at INR 224.50 on the NSE at 11:17 a.m. IST on October 19, 2026. Its market capitalization was INR 2.8 trillion, and its 52-week range was INR 223.00 to INR 307.50 on the same date. The price sat INR 1.50 above the 52-week low, leaving operating execution and the Mahanadi appraisal as important context for the next report.