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Indian (NIFTY) Energy Sector Analysis

UpdatedNov 08, 2025
DataAggregated Company Financials
Companies49
  • 7D-0.4%
  • 3M8.9%
  • 1Y9.6%
  • YTD15.6%

In the last week, Energy has been flat. The past year has been better, since the industry has gained 9.6% in that time. Earnings are forecast to grow by 7.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 20 Jan 2023₹22.4t₹34.9t₹1.6t15.3x14.2x0.6x
Sun, 18 Dec 2022₹22.8t₹34.9t₹1.6t16.1x14.5x0.7x
Tue, 15 Nov 2022₹22.9t₹34.4t₹1.7t17.7x13.7x0.7x
Price to Earnings Ratio

13.7x


Total Market Cap: ₹22.9tTotal Earnings: ₹1.7tTotal Revenue: ₹34.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Energy Sector Price to Earnings3Y Average 13.7x202320242025
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 0.77x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 2.3% 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-0.97%
Energy-0.45%
Oil and Gas-0.45%
Energy Services-0.57%
Industry PE
  • Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 23.1x.
    • Analysts are expecting annual earnings growth of 57.7%, which is higher than its past year's earnings growth of 11.8% per year.
  • Investors are most pessimistic about the Oil and Gas industry, which is trading close to its 3-year average of 13.6x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 58% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 7.2% 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
BPCL Bharat Petroleum₹367.152.9%
+₹44.9b		18.3%PE7.5x
IOC Indian Oil₹169.162.0%
+₹44.9b		20.5%PE9.4x
500109 Mangalore Refinery and Petrochemicals₹172.353.5%
+₹10.3b		7.3%PE29.1x
HINDPETRO Hindustan Petroleum₹479.550.7%
+₹7.6b		25.2%PE7.3x
500110 Chennai Petroleum₹1.02k3.6%
+₹5.3b		62.7%PE12.9x

Latest News

AEGISVOPAK
₹260.15
Aegis Vopak Terminals
7D
-6.7%
1Y
n/a
TRUALT
₹423.20
TruAlt Bioenergy
7D
-5.1%
1Y
n/a
500110
₹1,015.55
Chennai Petroleum
7D
3.6%
1Y
62.7%
ONGC
₹252.20
Oil and Natural Gas
7D
-1.2%
1Y
-3.9%

ONGC: Sector Resilience And Demand Trends Will Shape Performance Amid Cautious Outlook

The Analyst Price Target for the oil and natural gas sector has been updated, reflecting a modest adjustment informed by analysts citing tempered demand trends and ongoing industry positioning. Analyst Commentary Recent analyst commentary on the oil and natural gas sector highlights a diverse range of perspectives regarding the near-term outlook for the industry.
IOC
₹169.16
Indian Oil
7D
2.0%
1Y
20.5%
526807
₹829.20
Seamec
7D
-7.6%
1Y
-37.5%
500109
₹172.35
Mangalore Refinery and Petrochemicals
7D
3.5%
1Y
7.3%

500109: Discount Rate Decline And Modest P/E Will Limit Upside Ahead

Analysts have maintained their price target for Mangalore Refinery and Petrochemicals at ₹129.50. They note that improved discount rates and stable growth forecasts support this continued valuation.
GMDCLTD
₹600.30
Gujarat Mineral Development
7D
1.0%
1Y
66.9%
RELIANCE
₹1,478.00
Reliance Industries
7D
-0.6%
1Y
15.1%

RELIANCE: Upcoming AI Partnership And Digital Expansion Will Drive Earnings Momentum

Analysts have raised their price target for Reliance Industries from ₹1,664 to ₹1,686. They cite improved revenue growth projections and stronger profit margins in their updated outlook.
BPCL
₹367.15
Bharat Petroleum
7D
2.9%
1Y
18.3%

Results: Bharat Petroleum Corporation Limited Beat Earnings Expectations And Analysts Now Have New Forecasts

Nov 03
Results: Bharat Petroleum Corporation Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
HINDPETRO
₹479.55
Hindustan Petroleum
7D
0.7%
1Y
25.2%

Earnings Beat: Hindustan Petroleum Corporation Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Nov 01
Earnings Beat: Hindustan Petroleum Corporation Limited Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
DEEPINDS
₹512.50
Deep Industries
7D
6.0%
1Y
3.4%
AEGISLOG
₹761.35
Aegis Logistics
7D
1.5%
1Y
-1.0%

AEGISLOG: Future Equity Stake Sale Will Support Long-Term Growth Prospects

Analysts have maintained their price target for Aegis Logistics at ₹836.00, citing minimal changes in underlying business assumptions and a steady outlook on key valuation drivers. What's in the News A board meeting is scheduled for October 29, 2025, to consider the sale of a 51% equity stake, amounting to 621,146 shares of INR 10 each, held by Aegis Gas (LPG) Private Limited to Aegis Vopak Terminal Limited.
COALINDIA
₹376.00
Coal India
7D
-3.3%
1Y
-11.3%
500620
₹1,084.65
Great Eastern Shipping
7D
-1.4%
1Y
-9.9%
PETRONET
₹278.50
Petronet LNG
7D
-1.0%
1Y
-15.3%