OGDC Oil & Gas Development Company Limited

Oil & Gas Development Company Limited (OGDC) financial ratios

Oil & Gas Development Company Limited earned a net margin of 54.0% in FY2026 against a five-year average of 47.1% (Oil & Gas Exploration Companies median 49.0%). Return on equity was 16.9%, compared with a sector median of 23.1%. The current ratio stood at 8.03× and debt was 0.1% of equity. Cash took about 592 days to cycle through receivables, inventory and payables.

FY2026 vs the Oil & Gas Exploration Companies median

Gross margin: 55.1%; Sector median 64.7%
Operating margin: 42.0%; Sector median 45.0%
Net margin: 54.0%; Sector median 49.0%
Return on equity (ROE): 16.9%; Sector median 23.1%
Return on assets (ROA): 13.8%; Sector median 15.7%
Current ratio: 8.03×; Sector median 3.59×
Debt to equity: 0.1%; Sector median 0.3%
Asset turnover: 0.26×; Sector median 0.30×
Dividend payout ratio: 28.4%; Sector median 32.9%

Median of the 4 companies in the sector with the figure for their latest fiscal year.

OGDC financial ratios (annual) (Rs mn)
Rs mn	FY2026 Jul 2025 – Jun 2026	FY2025 Jul 2024 – Jun 2025	FY2024 * Jul 2023 – Jun 2024	FY2023 * Jul 2022 – Jun 2023	FY2022 * Jul 2021 – Jun 2022	FY2021 * Jul 2020 – Jun 2021	FY2020 * Jul 2019 – Jun 2020	FY2019 * Jul 2018 – Jun 2019	FY2018 * Jul 2017 – Jun 2018	FY2017 Jul 2016 – Jun 2017	FY2016 Jul 2015 – Jun 2016	FY2015 Jul 2014 – Jun 2015	FY2014 Jul 2013 – Jun 2014	FY2013 Jul 2012 – Jun 2013	FY2012 Jul 2011 – Jun 2012	FY2011 Jul 2010 – Jun 2011	FY2010 Jul 2009 – Jun 2010	FY2009 Jul 2008 – Jun 2009	FY2008 Jul 2007 – Jun 2008	FY2007 Jul 2006 – Jun 2007
Profitability
Gross margin	55.1%	57.8%	61.5%	66.8%	64.9%	58.4%	59.6%	64.0%	59.4%	55.4%	55.2%	64.0%	68.9%	71.0%	86.3%	66.0%	86.5%	86.6%	85.5%	68.7%
EBITDA margin	50.6%	54.8%	59.3%	61.4%	62.9%	57.5%	59.8%	64.8%	59.1%	54.8%	54.0%	62.4%	68.7%	64.9%	71.2%	67.4%	69.8%	69.9%	68.6%	64.0%
Operating margin	42.0%	46.1%	51.6%	54.0%	54.4%	45.5%	47.5%	53.4%	45.8%	41.5%	40.2%	52.0%	59.9%	58.7%	62.3%	57.2%	60.7%	60.2%	59.8%	56.8%
Pre-tax margin	54.0%	66.5%	60.5%	90.2%	68.1%	51.3%	59.4%	65.7%	53.4%	50.8%	48.1%	59.8%	67.0%	65.7%	67.2%	58.4%	62.1%	61.9%	62.2%	60.3%
Net margin	54.0%	42.4%	45.1%	54.3%	39.9%	38.3%	43.3%	45.3%	38.3%	37.1%	36.8%	41.4%	48.2%	40.9%	49.0%	40.8%	41.5%	42.5%	35.2%	44.9%
Effective tax rate	6.9%	41.0%	30.2%	42.6%	43.2%	30.5%	31.4%	33.9%	30.9%	29.0%	26.2%	31.6%	28.1%	37.9%	27.2%	30.2%	33.2%	31.4%	43.4%	25.5%
Returns
Return on equity (ROE)	16.9%	13.1%	17.9%	22.9%	16.3%	12.4%	15.1%	20.1%	14.8%	12.9%	13.0%	20.8%	35.0%	31.7%	41.7%	35.4%	41.7%	47.0%	40.8%	43.4%
Return on assets (ROA)	13.8%	10.4%	13.8%	17.6%	12.8%	9.9%	12.2%	16.5%	12.2%	10.5%	10.5%	16.6%	27.2%	24.3%	32.3%	25.9%	29.1%	33.6%	30.7%	34.0%
Return on invested capital (ROIC)	16.9%	13.1%	17.9%	22.9%	16.3%	12.4%	15.1%	20.1%	14.8%	12.9%	13.0%	20.8%	35.0%	31.7%	41.7%	35.4%	42.3%	47.5%	41.1%	43.4%
Liquidity
Current ratio	8.03×	8.97×	5.86×	5.96×	5.60×	6.40×	6.21×	7.02×	7.35×	6.39×	4.32×	3.55×	4.04×	2.30×	6.67×	6.87×	3.46×	4.01×	3.72×	6.65×
Quick ratio	7.85×	8.72×	5.73×	5.81×	5.45×	6.21×	6.00×	6.75×	7.02×	6.04×	4.01×	3.27×	3.65×	2.01×	6.26×	6.22×	3.03×	3.25×	2.94×	5.44×
Leverage
Debt to equity	0.1%	0.2%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt to capital	0.1%	0.2%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt to assets	0.1%	0.2%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Assets to equity	1.22×	1.25×	1.30×	1.30×	1.27×	1.25×	1.24×	1.22×	1.22×	1.23×	1.24×	1.25×	1.29×	1.31×	1.29×	1.37×	1.43×	1.40×	1.33×	1.28×
Efficiency
Asset turnover	0.26×	0.25×	0.31×	0.32×	0.32×	0.26×	0.28×	0.36×	0.32×	0.28×	0.28×	0.40×	0.56×	0.59×	0.66×	0.63×	0.70×	0.79×	0.87×	0.76×
Receivable days days	544	634	527	503	492	563	470	309	300	317	322	229	137	179	211	198	187	145	109	107
Inventory days days	52	59	49	59	62	71	75	73	81	89	89	87	82	84	174	100	286	326	292	146
Payable days days	3	3	3	2	2	3	3	4	3	1	3	3	0	84	190	1	9	11	6	3
Cash conversion cycle days	592	691	573	559	552	631	541	378	378	405	409	313	219	180	195	298	464	460	395	250
Dividends
Dividend payout ratio	28.4%	12.7%	18.2%	15.9%	20.1%	37.1%	28.8%	40.0%	54.6%	40.4%	37.3%	45.6%	32.1%	38.9%	32.2%	37.2%	40.0%	63.9%	92.2%	87.9%
Earnings retention rate	0.72×	0.87×	0.82×	0.84×	0.80×	0.63×	0.71×	0.60×	0.45×	0.60×	0.63×	0.54×	0.68×	0.61×	0.68×	0.63×	0.60×	0.36×	0.08×	0.12×

Ratios as reported for each fiscal year; returns are on average equity / assets. Debt ratios are percentages; turnover in times; working-capital measures in days.

OGDC: frequently asked questions

What is OGDC's EPS?

Oil & Gas Development Company Limited reported basic earnings per share of Rs 56.35 for FY2026 (Jul 2025 – Jun 2026).

What is OGDC's P/E ratio?

At the closing price of Rs 299.10 on 16 Oct 2026, OGDC trades at a P/E of 5.3× based on EPS of Rs 56.35 (FY2026).

Does OGDC pay dividends?

Yes. Oil & Gas Development Company Limited declared a dividend of Rs 17.00 per share for FY2026. It has paid a dividend in each of the last 20 years. At Rs 299.10 that is a dividend yield of 5.7%.

What was OGDC's revenue and profit in FY2026?

Oil & Gas Development Company Limited reported revenue of Rs 449.2 bn and profit attributable to shareholders of Rs 242.4 bn for FY2026 (Jul 2025 – Jun 2026).

What is OGDC's book value per share?

Oil & Gas Development Company Limited's book value per share was Rs 353.31 at the end of FY2026. The shares trade at 0.85× book value.

Information only, not investment advice.