Coal India vs ONGC: Which Maharatna PSU Stock Will Fuel Your Portfolio With Better Returns? Check Target Price

Coal India vs ONGC: Shares of public sector companies Coal India and Oil and Natural Corporation (ONGC) have rallied steadily over the past few months, amid strong energy demand outlook for financial year 2025-26. However, Coal India stock remained under pressure during Thursday's intraday trading session, whereas ONGC shares were trading in green.

Coal India shares were trading 1.45% higher at Rs 396.35 per share on BSE on Thursday at 12:00 pm. Whereas, ONGC stock was trading 0.83% higher at Rs 249.4 per share.

Coal India and ONGC shares' price value has surged around more than 2% since the beginning of year 2025. As India's energy demand is poised to grow in the coming years, several investors must be looking to add energy sector stock in their portfolio. PSU Energy stocks ONGC and Coal India often remain in demand among investors. Here's a comparison of their stock price movement, Q4 result performance review and share price recommendations.

Coal India vs ONGC: Which Stock Has Outshined in 2025 So Far?

While Coal India's share price value has surged around 2.59% year to date (YTD), whereas ONGC's stock value has increased around 5.15% since the beginning of 2025.
Coal India's return on equity (ROE) stands at 93.26 whereas, ONGC's return on equity stand at 11.94.

Coal India vs ONGC: Q4 Result Comparison

Coal India reported a 12.04% increase in its net consolidated profit to Rs 9604.2 crore, against Rs 8572.14 crore reported during the year-ago period. ONGC's net profit tumbled by 35% annually in the fourth quarter to Rs 6448 crore on higher exploration cost write-off.

Coal India and ONGC both reported their consolidated earnings for the March quarter in May. While Coal India delivered higher than-estoimated earnings, ONGC results missed profit estimates, noted Motilal Oswal in its Q4 season review report.

Coal India vs ONGC: Share Price Recommendations

Antique Brokerage has initiated a 'Buy' rating for Coal India with a target price of Rs 477 per share, indicating an upside of 19%. ONGC also has 'Buy' rating, but the brokerage has indicated an upside of 21% in its valuation and fixed a target price of Rs 300 apiece.

Kotak Institutional has maintained a 'Reduce' stance for Coal India stock, indicating a downside of 7% with a fair price valuation of Rs 375 per share. Whereas, ONGC share price valuation is likely to increase by 15% in long term. The brokerage has maintained fair value of Rs 285 apiece for ONGC stock.

Nuvama, in its June 12 report, downgraded Coal India stock valuation to 'Reduce' and maintained a 12 month price target of Rs 367 apiece.

"We are reducing FY26E/27E EBITDA (ex-OBR) by 7%/9% to factor in lower volume and higher CoP amid higher stripping cost. Amid rising coal production from captive miners, even a 2-3% volume CAGR over FY25-27E is at risk. The only saviour for COAL is high dividend yield (~6%). We however prefer growth, which is missing (EBITDA to fall at a 2% CAGR over FY25-27E). Hence, we downgrade the stock to 'REDUCE' with a TP of INR367 (earlier INR405) at 5x FY27E EV/EBITDA," noted Nuvama in its report.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.