There's No Escaping Indian Oil Corporation Limited's (NSE:IOC) Muted Earnings
Dec 06
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Indian (NIFTY) Energy Sector Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies46
- 7D-5.3%
- 3M-17.7%
- 1Y3.9%
- YTD2.0%
Over the last 7 days, the Energy industry has dropped 2.9%, driven by a pullback from Reliance Industries of 5.3%. Meanwhile, Aegis Logistics actually outperformed within the industry, gaining 5.9% in the last week. This takes the industry's 12 month performance to a gain of 6.3%. Looking forward, earnings are forecast to grow by 13% annually.
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 |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | ₹27.0t | ₹35.9t | ₹2.0t | 22.1x | 13.6x | 0.8x |
| Mon, 18 Nov 2024 | ₹28.1t | ₹35.9t | ₹2.0t | 21.8x | 14.1x | 0.8x |
| Wed, 16 Oct 2024 | ₹32.3t | ₹36.4t | ₹2.3t | 24.6x | 13.9x | 0.9x |
| Fri, 13 Sep 2024 | ₹34.4t | ₹36.4t | ₹2.3t | 25.9x | 14.8x | 0.9x |
| Sun, 11 Aug 2024 | ₹35.0t | ₹36.4t | ₹2.3t | 24x | 15.1x | 1x |
| Tue, 09 Jul 2024 | ₹35.6t | ₹36.0t | ₹2.6t | 26.1x | 13.6x | 1x |
| Thu, 06 Jun 2024 | ₹31.7t | ₹36.0t | ₹2.6t | 20.6x | 12.1x | 0.9x |
| Sat, 04 May 2024 | ₹32.9t | ₹35.5t | ₹2.6t | 22.3x | 12.7x | 0.9x |
| Mon, 01 Apr 2024 | ₹31.4t | ₹35.3t | ₹2.6t | 14.9x | 12.3x | 0.9x |
| Wed, 28 Feb 2024 | ₹31.7t | ₹35.3t | ₹2.6t | 15.9x | 12.4x | 0.9x |
| Fri, 26 Jan 2024 | ₹28.1t | ₹35.3t | ₹2.5t | 16.1x | 11x | 0.8x |
| Sun, 24 Dec 2023 | ₹26.0t | ₹35.3t | ₹2.4t | 13x | 10.7x | 0.7x |
| Tue, 21 Nov 2023 | ₹23.8t | ₹35.3t | ₹2.4t | 12.8x | 9.7x | 0.7x |
| Thu, 19 Oct 2023 | ₹23.0t | ₹36.2t | ₹2.0t | 15.2x | 11.5x | 0.6x |
| Sat, 16 Sep 2023 | ₹23.6t | ₹36.2t | ₹2.0t | 13.1x | 11.7x | 0.7x |
| Mon, 14 Aug 2023 | ₹23.7t | ₹36.2t | ₹2.0t | 12.9x | 11.8x | 0.7x |
| Wed, 12 Jul 2023 | ₹25.0t | ₹37.6t | ₹1.6t | 13.7x | 15.7x | 0.7x |
| Fri, 09 Jun 2023 | ₹22.9t | ₹37.6t | ₹1.6t | 12.9x | 14.4x | 0.6x |
| Sun, 07 May 2023 | ₹22.5t | ₹36.5t | ₹1.6t | 13.8x | 14.4x | 0.6x |
| Tue, 04 Apr 2023 | ₹21.4t | ₹36.4t | ₹1.5t | 11.5x | 13.8x | 0.6x |
| Thu, 02 Mar 2023 | ₹21.4t | ₹36.2t | ₹1.5t | 13x | 13.9x | 0.6x |
| Sat, 28 Jan 2023 | ₹21.4t | ₹35.3t | ₹1.6t | 14.9x | 13.6x | 0.6x |
| Mon, 26 Dec 2022 | ₹22.1t | ₹34.9t | ₹1.6t | 14.7x | 14x | 0.6x |
| Wed, 23 Nov 2022 | ₹22.4t | ₹34.9t | ₹1.6t | 14.3x | 14.2x | 0.6x |
| Fri, 21 Oct 2022 | ₹21.9t | ₹32.0t | ₹1.8t | 23.1x | 12.2x | 0.7x |
| Sun, 18 Sep 2022 | ₹22.0t | ₹32.0t | ₹1.8t | 22.3x | 12.3x | 0.7x |
| Tue, 16 Aug 2022 | ₹23.0t | ₹32.0t | ₹1.8t | 18.9x | 12.8x | 0.7x |
| Thu, 14 Jul 2022 | ₹21.8t | ₹28.2t | ₹1.8t | 12.7x | 12.2x | 0.8x |
| Sat, 11 Jun 2022 | ₹23.9t | ₹28.2t | ₹1.8t | 13.1x | 13.4x | 0.8x |
| Mon, 09 May 2022 | ₹24.4t | ₹25.5t | ₹1.8t | 16.9x | 13.6x | 1x |
| Wed, 06 Apr 2022 | ₹23.4t | ₹25.4t | ₹1.8t | 23x | 13.1x | 0.9x |
| Fri, 04 Mar 2022 | ₹21.6t | ₹25.4t | ₹1.8t | 16.6x | 12.1x | 0.9x |
| Sun, 30 Jan 2022 | ₹21.4t | ₹23.4t | ₹1.7t | 16.7x | 12.9x | 0.9x |
| Tue, 28 Dec 2021 | ₹20.8t | ₹22.7t | ₹1.6t | 16.4x | 12.8x | 0.9x |
Price to Earnings Ratio
12.8x
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 13.0x.
- 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 6.9% per year over the last three years.
- Revenues for these companies have grown 17% 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 | -4.25% | |
| Energy | -5.31% | |
| Energy Services | -0.84% | |
| Oil and Gas | -5.33% | |
Industry PE
- Investors are most optimistic about the Energy Services industry which is trading above its 3-year average PE ratio of 18.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Oil and Gas industry, which is trading close to its 3-year average of 13.0x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas industry, expecting annual earnings growth of 13% over the next 5 years.
- This is better than its past earnings decline of 0.6% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings grow by 13% 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 | |
|---|---|---|---|---|---|
| AEGISLOG Aegis Logistics | ₹825.80 | 5.9% +₹16.3b | 126.9% | PE49.6x | |
| 542543 India Infrastructure Trust | ₹89.00 | 3.5% +₹2.0b | -1.1% | PE20.8x | |
| DEEPINDS Deep Industries | ₹580.70 | 1.7% +₹624.0m | 130.5% | PE26.8x | |
| 526873 Rajasthan Gases | ₹70.13 | 10.4% +₹506.6m | 706.1% | PB18.7x | |
| 526397 Alphageo (India) | ₹435.25 | 16.1% +₹383.8m | 54.3% | PE20.6x |
