Indian (NIFTY) Energy Sector Analysis

Sector Valuation and Performance

Has the Indian Energy Sector valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Mon, 17 Aug 2026	₹30.7t	₹41.3t	₹2.3t	23.1x	13.4x	0.7x
Wed, 15 Jul 2026	₹30.5t	₹38.3t	₹2.6t	20.1x	11.7x	0.8x
Fri, 12 Jun 2026	₹29.9t	₹38.3t	₹2.6t	19.6x	11.5x	0.8x
Sun, 10 May 2026	₹33.0t	₹38.0t	₹2.5t	21.7x	13.4x	0.9x
Tue, 07 Apr 2026	₹30.7t	₹37.3t	₹2.5t	19.4x	12.5x	0.8x
Thu, 05 Mar 2026	₹32.2t	₹37.3t	₹2.5t	18x	13.1x	0.9x
Sat, 31 Jan 2026	₹32.8t	₹37.2t	₹2.3t	22x	14x	0.9x
Mon, 29 Dec 2025	₹34.2t	₹36.8t	₹2.3t	23x	15x	0.9x
Wed, 26 Nov 2025	₹33.9t	₹36.8t	₹2.3t	25.1x	14.9x	0.9x
Fri, 24 Oct 2025	₹32.6t	₹36.6t	₹2.1t	21.6x	15.3x	0.9x
Sun, 21 Sep 2025	₹31.6t	₹36.4t	₹2.1t	20.8x	15.1x	0.9x
Tue, 19 Aug 2025	₹30.9t	₹36.4t	₹2.1t	19.9x	14.7x	0.8x
Thu, 17 Jul 2025	₹31.6t	₹36.5t	₹1.9t	20.4x	16.6x	0.9x
Sat, 14 Jun 2025	₹30.5t	₹36.5t	₹1.9t	19.3x	16x	0.8x
Mon, 12 May 2025	₹29.1t	₹35.9t	₹1.9t	17.5x	15x	0.8x
Wed, 09 Apr 2025	₹26.2t	₹35.9t	₹1.9t	19.7x	13.7x	0.7x
Fri, 07 Mar 2025	₹26.3t	₹35.9t	₹1.9t	19.1x	13.8x	0.7x
Sun, 02 Feb 2025	₹26.6t	₹31.4t	₹1.8t	20.5x	15x	0.8x
Tue, 31 Dec 2024	₹27.0t	₹35.9t	₹2.0t	21.3x	13.6x	0.8x
Thu, 28 Nov 2024	₹28.8t	₹35.9t	₹2.0t	21.6x	14.4x	0.8x
Sat, 26 Oct 2024	₹29.7t	₹36.4t	₹2.3t	22.6x	13x	0.8x
Mon, 23 Sep 2024	₹34.1t	₹36.4t	₹2.3t	28.4x	14.6x	0.9x
Wed, 21 Aug 2024	₹35.5t	₹36.4t	₹2.3t	24.8x	15.3x	1x
Fri, 19 Jul 2024	₹36.2t	₹36.0t	₹2.6t	26x	13.8x	1x
Sun, 16 Jun 2024	₹33.6t	₹36.0t	₹2.6t	22.3x	12.8x	0.9x
Tue, 14 May 2024	₹31.6t	₹35.6t	₹2.6t	22.5x	12.4x	0.9x
Thu, 11 Apr 2024	₹31.8t	₹35.3t	₹2.6t	16.7x	12.4x	0.9x
Sat, 09 Mar 2024	₹31.9t	₹35.3t	₹2.6t	16.1x	12.4x	0.9x
Mon, 05 Feb 2024	₹30.5t	₹35.3t	₹2.6t	18.5x	11.9x	0.9x
Wed, 03 Jan 2024	₹26.7t	₹35.3t	₹2.4t	14.3x	11x	0.8x
Fri, 01 Dec 2023	₹24.2t	₹35.3t	₹2.4t	12.9x	9.9x	0.7x
Sun, 29 Oct 2023	₹22.4t	₹36.0t	₹2.1t	15.4x	10.5x	0.6x
Tue, 26 Sep 2023	₹22.8t	₹36.2t	₹2.0t	13.9x	11.4x	0.6x
Thu, 24 Aug 2023	₹23.4t	₹36.2t	₹2.0t	12.5x	11.7x	0.6x

Current Industry PE

Investors are relatively neutral on the Indian Energy industry at the moment, indicating that they anticipate long term growth rates to remain steady.

The industry is trading close to its 3-year average PE ratio of 13.5x.

The industry is trading close to its 3-year average PS ratio of 0.83x.

Past Earnings Growth

The earnings for companies in the Energy industry have grown 4.5% per year over the last three years.
Revenues for these companies have grown 4.5% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Indian Energy sector?


IN Market	-0.35%
Energy	-1.66%
Energy Services	1.51%
Oil and Gas	-1.68%

Industry PE

Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 24.5x.

Analysts are expecting annual earnings growth of 33.6%, which is lower than the prior year's growth of 43.3% per year.

Investors are most pessimistic about the Oil and Gas industry, which is trading close to its 3-year average of 13.5x.

Forecasted Growth

Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 34% over the next 5 years.
However this is lower than its past earnings growth rate of 43% per year.

In contrast, the Oil and Gas industry is expected to see its earnings grow by 11% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
OIL Oil India	₹474.65	4.8% +₹35.2b	18.2%	PE9.2x
500109 Mangalore Refinery and Petrochemicals	₹177.30	8.6% +₹24.5b	43.6%	PE9.9x
500110 Chennai Petroleum	₹1.38k	11.4% +₹21.2b	120.5%	PE4.9x
522261 Dolphin Offshore Enterprises (India)	₹576.50	37.9% +₹6.3b	40.8%	PE32x
PETRONET Petronet LNG	₹281.80	0.6% +₹2.7b	2.9%	PE10x

Company

Last Price

Valuation

OIL Oil India

₹474.65

4.8%
+₹35.2b

18.2%

PE9.2x

500109 Mangalore Refinery and Petrochemicals

₹177.30

8.6%
+₹24.5b

43.6%

PE9.9x

500110 Chennai Petroleum

₹1.38k

11.4%
+₹21.2b

120.5%

PE4.9x

522261 Dolphin Offshore Enterprises (India)

₹576.50

37.9%
+₹6.3b

40.8%

PE32x

PETRONET Petronet LNG

₹281.80

0.6%
+₹2.7b

2.9%

PE10x

Coal India Reportedly Weighs Buying Canada's Wealth Minerals Unit for Chile Lithium Assets

Coal India Limited (NSEI:COALINDIA) the world's largest coal miner, is considering acquiring a unit of Canada's Wealth Minerals Ltd. (TSXV:WML) with lithium mining assets in Chile, two sources familiar with the matter said. The move would mark one of India's most significant efforts to secure overseas lithium resources, a critical mineral used in electric vehicle ?batteries and energy storage systems. India has had limited success in acquiring critical mineral assets abroad. So far, it has secured only one overseas lithium exploration and mining agreement, covering five blocks in Argentina in 2024. As a first step, Coal India and Kuska Minerals, Wealth Minerals' Chilean subsidiary, have jointly applied for a lithium extraction licence from the Chilean government, one of the sources said. Joint venture alternative, "The acquisition will be decided after the mining licence. Once we get the licence, we will decide what we will do ahead," the source said, declining to be identified because the discussions are confidential. Wealth Minerals has two other lithium projects in Chile, according to its website. Coal India could alternatively form a joint venture with Wealth Minerals, although the structure, ownership split and investment commitments have yet to be determined, the sources said. Neither Coal India nor Wealth Minerals immediately responded to requests for comment. Reuters reported in April that Coal India was in talks with Wealth Minerals about a potential joint venture. The discussions over acquiring its Chile-focused lithium unit are being reported for the first time. Coal India and Wealth Minerals applied for the mining licence in October 2025, but the process has taken time due to a change of government in Chile, the source said. Coal India was in the final stages of negotiations to buy the unit after months of talks, but the deal could not proceed until the mining licence is granted, the second source said.

Indian (NIFTY) Energy Sector Analysis

Sector Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New minor risk - Profit margin trend

Consensus revenue estimates decrease by 13%, EPS upgraded

Upcoming dividend of ₹2.50 per share

First quarter 2027 earnings released: EPS: ₹31.95 (vs ₹29.80 in 1Q 2026)

First quarter 2027 earnings released: EPS: ₹7.58 (vs ₹5.61 in 1Q 2026)

Consensus EPS estimates increase by 31%

Coal India Reportedly Weighs Buying Canada's Wealth Minerals Unit for Chile Lithium Assets

Investor sentiment improves as stock rises 23%

New minor risk - Share price stability

Dividend reduced to ₹1.00

Upcoming dividend of ₹19.25 per share

Consensus EPS estimates increase by 40%

Price target increased by 15% to ₹274

New major risk - Financial position

Vedanta Oil and Gas Limited to Report Q1, 2027 Results on Jul 29, 2026

Results: Reliance Industries Limited Beat Earnings Expectations And Analysts Now Have New Forecasts