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Indian (NIFTY) Energy Sector Analysis

UpdatedFeb 15, 2026
DataAggregated Company Financials
Companies49
  • 7D-2.2%
  • 3M-2.8%
  • 1Y20.8%
  • YTD-4.6%

Over the last 7 days, the Energy industry has dropped 2.2%, driven by Reliance Industries declining 2.2%. Over the past 12 months, the industry was up 21%. As for the next few years, earnings are expected to grow by 5.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 15 Feb 2026₹33.1t₹37.3t₹2.5t19.6x13.5x0.9x
Tue, 13 Jan 2026₹33.3t₹36.8t₹2.3t21.4x14.6x0.9x
Thu, 11 Dec 2025₹33.7t₹36.8t₹2.3t23.9x14.8x0.9x
Sat, 08 Nov 2025₹33.4t₹36.8t₹2.3t21.1x14.7x0.9x
Mon, 06 Oct 2025₹31.3t₹36.4t₹2.1t22.6x15x0.9x
Wed, 03 Sep 2025₹30.6t₹36.4t₹2.1t20.7x14.6x0.8x
Fri, 01 Aug 2025₹29.9t₹36.5t₹2.0t18.8x14.9x0.8x
Sun, 29 Jun 2025₹31.8t₹36.5t₹1.9t21.6x16.7x0.9x
Tue, 27 May 2025₹30.4t₹36.5t₹1.9t19.5x16x0.8x
Thu, 24 Apr 2025₹28.5t₹35.9t₹1.9t19.8x14.9x0.8x
Sat, 22 Mar 2025₹27.8t₹35.9t₹1.9t19.7x14.6x0.8x
Mon, 17 Feb 2025₹26.0t₹35.9t₹1.9t19.4x13.6x0.7x
Wed, 15 Jan 2025₹27.4t₹35.9t₹2.0t20.6x13.8x0.8x
Fri, 13 Dec 2024₹28.4t₹35.9t₹2.0t23x14.3x0.8x
Sun, 10 Nov 2024₹28.9t₹36.3t₹2.0t23.4x14.2x0.8x
Tue, 08 Oct 2024₹32.3t₹36.4t₹2.3t23.3x13.9x0.9x
Thu, 05 Sep 2024₹35.6t₹36.4t₹2.3t25.6x15.3x1x
Sat, 03 Aug 2024₹35.4t₹36.3t₹2.4t26.2x15x1x
Mon, 01 Jul 2024₹34.6t₹36.0t₹2.6t22.4x13.2x1x
Wed, 29 May 2024₹33.1t₹36.0t₹2.6t24.1x12.6x0.9x
Fri, 26 Apr 2024₹31.7t₹35.6t₹2.6t19.7x12.4x0.9x
Sun, 24 Mar 2024₹30.9t₹35.3t₹2.6t15.4x12x0.9x
Tue, 20 Feb 2024₹32.2t₹35.3t₹2.6t17.4x12.6x0.9x
Thu, 18 Jan 2024₹28.1t₹35.3t₹2.4t14.6x11.5x0.8x
Sat, 16 Dec 2023₹25.4t₹35.3t₹2.4t12.7x10.4x0.7x
Mon, 13 Nov 2023₹23.2t₹35.5t₹2.4t13.6x9.8x0.7x
Wed, 11 Oct 2023₹22.7t₹36.2t₹2.0t13.7x11.3x0.6x
Fri, 08 Sep 2023₹23.3t₹36.2t₹2.0t13.6x11.6x0.6x
Sun, 06 Aug 2023₹23.4t₹36.9t₹2.0t13.5x11.6x0.6x
Tue, 04 Jul 2023₹23.9t₹37.6t₹1.6t13.4x15x0.6x
Thu, 01 Jun 2023₹22.8t₹37.6t₹1.6t12.7x14.4x0.6x
Sat, 29 Apr 2023₹22.3t₹36.5t₹1.6t14x14.1x0.6x
Mon, 27 Mar 2023₹20.5t₹36.4t₹1.5t12.3x13.2x0.6x
Wed, 22 Feb 2023₹22.0t₹36.5t₹1.5t12.9x14.2x0.6x
Price to Earnings Ratio

14.2x


Total Market Cap: ₹22.0tTotal Earnings: ₹1.5tTotal Revenue: ₹36.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Energy Sector Price to Earnings3Y Average 13.7x202420252026
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 13.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 17% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

IN Market-0.39%
Energy-2.19%
Energy Services1.15%
Oil and Gas-2.21%
Industry PE
  • Investors are most optimistic about the Energy Services industry, which is trading close to its 3-year average PE ratio of 23.4x.
    • Analysts are expecting annual earnings growth of 54.8%, which is higher than its past year's earnings growth of 0.9% per year.
  • Investors are most pessimistic about the Oil and Gas industry, which is trading close to its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 55% over the next 5 years.
  • This is better than its past earnings growth rate of 0.9% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 5.1% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
IOC Indian Oil₹176.770.9%
+₹21.6b		50.8%PE6.8x
500620 Great Eastern Shipping₹1.30k2.1%
+₹3.8b		44.1%PE8.2x
AEGISLOG Aegis Logistics₹700.151.4%
+₹3.3b		-2.4%PE31.9x
526807 Seamec₹1.37k6.1%
+₹2.0b		52.9%PE18.3x
530355 Asian Energy Services₹280.759.9%
+₹1.2b		15.3%PE38.7x

Latest News

ONGC
₹267.40
Oil and Natural Gas
7D
-0.6%
1Y
16.0%

Revenue Beat: Oil and Natural Gas Corporation Limited Beat Analyst Estimates By 76%

Feb 15
Revenue Beat: Oil and Natural Gas Corporation Limited Beat Analyst Estimates By 76%
PETRONET
₹290.40
Petronet LNG
7D
-1.8%
1Y
1.3%
COALINDIA
₹408.95
Coal India
7D
-5.5%
1Y
15.5%
OIL
₹455.25
Oil India
7D
-8.4%
1Y
14.9%
IOC
₹176.77
Indian Oil
7D
0.9%
1Y
50.8%
513536
₹104.70
Gujarat Natural Resources
7D
5.6%
1Y
440.5%
500620
₹1,300.55
Great Eastern Shipping
7D
2.1%
1Y
44.1%

500620: Fleet Expansion And High Utilisation Will Support Stronger Future Returns

Narrative Update on Great Eastern Shipping Analysts have lifted their price target on Great Eastern Shipping from ₹1,456 to ₹1,552, citing updated assumptions that combine a slightly lower discount rate and reduced revenue growth expectations with higher projected profit margins and a modest uptick in future P/E multiples. What's in the News The board approved a third interim dividend of ₹9 per share for FY 2025 to 2026, with the record date on February 4, 2026 and payment scheduled on or after February 24, 2026 (Dividend Increases).
HINDPETRO
₹450.20
Hindustan Petroleum
7D
-2.8%
1Y
44.1%

HINDPETRO: Energy Transition Partnerships And LNG Platform Will Support Future Upside

Analysts have trimmed their price target for Hindustan Petroleum slightly to ₹683.63 from ₹686.66, reflecting updated views on discount rates, revenue growth assumptions, and future P/E expectations. What's in the News Indian Gas Exchange and Hindustan Petroleum signed an MoU at India Energy Week 2026 to create a digital, market driven platform for transparent booking of regasification services at HPCL's Chhara LNG Terminal, with HPCL offering storage and regasification capacity in predefined quantities and durations (Key Developments).
530355
₹280.75
Asian Energy Services
7D
9.9%
1Y
15.3%
500109
₹185.65
Mangalore Refinery and Petrochemicals
7D
0.3%
1Y
67.8%

500109: Future Margins And Earnings Review Will Likely Expose Overvaluation

Analysts have raised their fair value estimate for Mangalore Refinery and Petrochemicals from ₹159 to ₹162, citing updated assumptions on revenue growth, profit margins and future P/E expectations. What's in the News Board meeting scheduled for Jan 14, 2026 to review standalone and consolidated unaudited financial results for the quarter ended Dec 31, 2025 (company filing).
GMDCLTD
₹571.10
Gujarat Mineral Development
7D
-4.8%
1Y
111.8%
AEGISLOG
₹700.15
Aegis Logistics
7D
1.4%
1Y
-2.4%

AEGISLOG: Upcoming Results Review Will Support Bullish Long Term Outlook

Analysts have nudged their price target for Aegis Logistics slightly lower from ₹866.50 to ₹861.50, reflecting updated assumptions that combine higher revenue growth expectations of about 19.8% with a modestly softer profit margin outlook and a slightly lower future P/E estimate. What's in the News A board meeting is scheduled on January 30, 2026, to consider and approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025 (Key Developments).
BPCL
₹374.10
Bharat Petroleum
7D
-3.2%
1Y
49.0%

BPCL: Ramayapatnam Petrochemical Complex Will Drive Long Term Upside Potential

Analysts have reduced their fair value estimate for Bharat Petroleum slightly from ₹522.04 to ₹519.77 per share, reflecting updated assumptions on revenue growth, profit margins and forward P/E levels. What's in the News The Board of Bharat Petroleum Corporation Limited held a meeting on 23 January 2026 to consider unaudited financial results for the quarter and nine months ended 31 December 2025 and to consider a second interim dividend for the 2025-26 financial year (company filing).
RELIANCE
₹1,419.60
Reliance Industries
7D
-2.2%
1Y
16.6%

RELIANCE: Earnings Visibility And P E Support Will Underpin Future Resilience

Analysts have inched their fair value estimate for Reliance Industries up from ₹1,714.03 to ₹1,719.70 per share, reflecting refreshed assumptions on revenue growth, profit margins and future P/E multiples in line with their broader earnings outlook work. Analyst Commentary Analysts are treating the small fair value revision for Reliance Industries as a fine tuning exercise rather than a major reset, with views split between confidence in execution and caution around what is already priced in.
526807
₹1,371.90
Seamec
7D
6.1%
1Y
52.9%
ANTELOPUS
₹572.65
Antelopus Selan Energy
7D
4.4%
1Y
n/a