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Indian (NIFTY) Energy Services Industry Analysis
UpdatedJan 02, 2026
DataAggregated Company Financials
Companies15
- 7D1.6%
- 3M-2.3%
- 1Y-24.9%
- YTD0%
The Energy Services industry is up 1.6% in the last week, with Dolphin Offshore Enterprises (India) up 16%. However, the industry is down 25% over the past year. Earnings are forecast to grow by 58% annually.
Industry Valuation and Performance
Has the Indian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 03 Jan 2026 | ₹130.1b | ₹44.0b | ₹5.3b | 27x | 24.7x | 3x |
| Mon, 01 Dec 2025 | ₹123.1b | ₹44.0b | ₹5.3b | 26.5x | 23.3x | 2.8x |
| Wed, 29 Oct 2025 | ₹127.1b | ₹42.6b | ₹4.6b | 22.1x | 27.5x | 3x |
| Fri, 26 Sep 2025 | ₹134.0b | ₹41.4b | ₹4.5b | 23.9x | 29.5x | 3.2x |
| Sun, 24 Aug 2025 | ₹137.0b | ₹41.4b | ₹4.5b | 21x | 30.2x | 3.3x |
| Tue, 22 Jul 2025 | ₹136.2b | ₹45.1b | ₹3.9b | 22.4x | 34.9x | 3x |
| Thu, 19 Jun 2025 | ₹130.4b | ₹44.9b | ₹3.9b | 22.2x | 33.4x | 2.9x |
| Sat, 17 May 2025 | ₹127.7b | ₹38.6b | ₹3.7b | 21.6x | 34.4x | 3.3x |
| Mon, 14 Apr 2025 | ₹129.7b | ₹37.7b | ₹6.0b | 21.4x | 21.7x | 3.4x |
| Wed, 12 Mar 2025 | ₹132.6b | ₹37.7b | ₹6.0b | 22.7x | 22.2x | 3.5x |
| Fri, 07 Feb 2025 | ₹158.6b | ₹44.0b | ₹6.7b | 21.6x | 23.8x | 3.6x |
| Sun, 05 Jan 2025 | ₹174.1b | ₹42.3b | ₹5.8b | 23.8x | 29.8x | 4.1x |
| Tue, 03 Dec 2024 | ₹181.1b | ₹42.6b | ₹5.8b | 25.5x | 31x | 4.3x |
| Thu, 31 Oct 2024 | ₹170.6b | ₹35.5b | ₹5.5b | 27.2x | 30.8x | 4.8x |
| Sat, 28 Sep 2024 | ₹174.3b | ₹34.5b | ₹5.2b | 34.7x | 33.6x | 5.1x |
| Mon, 26 Aug 2024 | ₹170.5b | ₹32.4b | ₹4.8b | 28.8x | 35.7x | 5.3x |
| Wed, 24 Jul 2024 | ₹159.4b | ₹35.0b | ₹3.8b | 42.4x | 41.4x | 4.6x |
| Fri, 21 Jun 2024 | ₹153.5b | ₹35.0b | ₹3.8b | 40.6x | 39.9x | 4.4x |
| Sun, 19 May 2024 | ₹151.8b | ₹27.3b | ₹8.3b | 43.2x | 18.2x | 5.6x |
| Tue, 16 Apr 2024 | ₹122.4b | ₹25.7b | ₹8.9b | 28.9x | 13.8x | 4.8x |
| Thu, 14 Mar 2024 | ₹107.3b | ₹25.2b | ₹8.8b | 27.2x | 12.2x | 4.3x |
| Sat, 10 Feb 2024 | ₹120.7b | ₹27.9b | ₹8.4b | 28.4x | 14.4x | 4.3x |
| Mon, 08 Jan 2024 | ₹114.9b | ₹26.7b | ₹6.2b | 28.7x | 18.6x | 4.3x |
| Wed, 06 Dec 2023 | ₹107.9b | ₹26.7b | ₹6.2b | 27.9x | 17.5x | 4x |
| Fri, 03 Nov 2023 | ₹88.5b | ₹21.5b | ₹7.6b | 20.4x | 11.7x | 4.1x |
| Sun, 01 Oct 2023 | ₹87.3b | ₹21.7b | ₹7.7b | 20.9x | 11.4x | 4x |
| Tue, 29 Aug 2023 | ₹77.5b | ₹21.7b | ₹7.7b | 16.6x | 10.1x | 3.6x |
| Thu, 27 Jul 2023 | ₹74.3b | ₹25.4b | ₹7.0b | 13.4x | 10.5x | 2.9x |
| Sat, 24 Jun 2023 | ₹65.5b | ₹26.5b | ₹7.2b | 13.3x | 9.1x | 2.5x |
| Mon, 22 May 2023 | ₹61.9b | ₹20.9b | ₹3.0b | 15.4x | 20.4x | 3x |
| Wed, 19 Apr 2023 | ₹61.1b | ₹20.5b | ₹3.0b | 15.9x | 20.3x | 3x |
| Fri, 17 Mar 2023 | ₹56.9b | ₹20.5b | ₹3.0b | 13.9x | 18.9x | 2.8x |
| Sun, 12 Feb 2023 | ₹59.4b | ₹24.4b | ₹2.9b | 13.9x | 20.2x | 2.4x |
| Tue, 10 Jan 2023 | ₹64.3b | ₹24.4b | ₹3.3b | 19x | 19.4x | 2.6x |
Price to Earnings Ratio
19.4x
Current Industry PE
- Investors are relatively neutral on the Indian Energy Services 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 23.3x.
- The 3-year average PS ratio of 3.7x is higher than the industry's current PS ratio of 3.0x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 22% 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 industry?
| IN Market | 0.36% | |
| Energy | 1.58% | |
| Energy Services | 1.61% | |
| Oil and Gas Services | 2.05% | |
| Oil and Gas Drilling | -1.31% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 30.0x.
- Analysts are expecting annual earnings growth of 58.2%, which is higher than its past year's earnings decline of 19.2% per year.
- Investors are most pessimistic about the Oil and Gas Drilling industry, which is trading below its 3-year average of 18.7x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Services industry, expecting annual earnings growth of 58% over the next 5 years.
- This is better than its past earnings decline of 19% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 58% 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 | |
|---|---|---|---|---|---|
| 522261 Dolphin Offshore Enterprises (India) | ₹479.35 | 15.8% +₹2.6b | -14.4% | PE36.2x | |
| 526807 Seamec | ₹1.09k | 3.9% +₹1.0b | -5.0% | PE31.6x | |
| DEEPINDS Deep Industries | ₹454.75 | 3.3% +₹921.6m | -22.9% | PS3.9x | |
| 511034 Jindal Drilling & Industries | ₹570.90 | 2.6% +₹415.9m | -26.9% | PE4.9x | |
| 544498 Oval Projects Engineering | ₹71.48 | 13.1% +₹172.0m | n/a | PE12.9x |
