Indian (NIFTY) Energy Services Industry Analysis

UpdatedJan 11, 2026

DataAggregated Company Financials

Companies15

7D-6.4%
3M-5.8%
1Y-25.7%
YTD-5.7%

Over the last 7 days, the Energy Services industry has dropped 6.4%, driven by pullbacks from every company within the industry. The industry has fallen 26% in the last year. Looking forward, 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
Sun, 11 Jan 2026	₹122.7b	₹44.0b	₹5.3b	26.2x	23.3x	2.8x
Tue, 09 Dec 2025	₹116.8b	₹44.0b	₹5.3b	25.8x	22.1x	2.7x
Thu, 06 Nov 2025	₹131.4b	₹42.6b	₹4.6b	22.6x	28.7x	3.1x
Sat, 04 Oct 2025	₹133.2b	₹42.3b	₹4.6b	25x	29x	3.1x
Mon, 01 Sep 2025	₹138.3b	₹41.4b	₹4.5b	21.2x	30.5x	3.3x
Wed, 30 Jul 2025	₹131.5b	₹45.2b	₹3.9b	21.2x	33.4x	2.9x
Fri, 27 Jun 2025	₹134.5b	₹44.9b	₹3.9b	23.2x	34.5x	3x
Sun, 25 May 2025	₹129.1b	₹39.4b	₹3.7b	21.7x	34.8x	3.3x
Tue, 22 Apr 2025	₹138.6b	₹37.7b	₹6.0b	22.7x	23.2x	3.7x
Thu, 20 Mar 2025	₹133.5b	₹37.7b	₹6.0b	22.1x	22.3x	3.5x
Sat, 15 Feb 2025	₹134.6b	₹43.3b	₹6.1b	23x	22.2x	3.1x
Mon, 13 Jan 2025	₹166.0b	₹42.3b	₹5.8b	22.1x	28.5x	3.9x
Wed, 11 Dec 2024	₹182.4b	₹42.6b	₹5.8b	25.8x	31.3x	4.3x
Fri, 08 Nov 2024	₹178.1b	₹35.3b	₹5.5b	28.4x	32.5x	5x
Sun, 06 Oct 2024	₹170.3b	₹34.5b	₹5.2b	31.3x	32.8x	4.9x
Tue, 03 Sep 2024	₹174.4b	₹32.4b	₹4.9b	31.7x	35.8x	5.4x
Thu, 01 Aug 2024	₹170.9b	₹35.7b	₹4.2b	41.7x	41x	4.8x
Sat, 29 Jun 2024	₹156.7b	₹35.0b	₹3.8b	42.4x	40.7x	4.5x
Mon, 27 May 2024	₹154.4b	₹28.9b	₹8.1b	46.1x	19x	5.3x
Wed, 24 Apr 2024	₹132.3b	₹25.7b	₹8.9b	31.9x	14.9x	5.1x
Fri, 22 Mar 2024	₹113.8b	₹25.2b	₹8.8b	26.1x	12.9x	4.5x
Sun, 18 Feb 2024	₹118.1b	₹25.2b	₹8.8b	28.9x	13.4x	4.7x
Tue, 16 Jan 2024	₹120.2b	₹26.7b	₹6.2b	28x	19.5x	4.5x
Thu, 14 Dec 2023	₹107.6b	₹26.7b	₹6.2b	31.1x	17.4x	4x
Sat, 11 Nov 2023	₹91.4b	₹22.3b	₹7.6b	20.2x	12.1x	4.1x
Mon, 09 Oct 2023	₹89.9b	₹21.7b	₹7.7b	22.8x	11.7x	4.1x
Wed, 06 Sep 2023	₹82.0b	₹21.7b	₹7.7b	17.4x	10.7x	3.8x
Fri, 04 Aug 2023	₹74.3b	₹25.4b	₹7.0b	14.3x	10.6x	2.9x
Sun, 02 Jul 2023	₹67.4b	₹25.1b	₹7.2b	13.6x	9.3x	2.7x
Tue, 30 May 2023	₹63.3b	₹20.4b	₹3.8b	14.8x	16.4x	3.1x
Thu, 27 Apr 2023	₹61.5b	₹20.5b	₹3.0b	16.7x	20.4x	3x
Sat, 25 Mar 2023	₹54.0b	₹20.5b	₹3.0b	14x	17.9x	2.6x
Mon, 20 Feb 2023	₹57.7b	₹20.5b	₹3.0b	15.7x	19.2x	2.8x
Wed, 18 Jan 2023	₹63.4b	₹24.4b	₹3.3b	18.3x	19.1x	2.6x

Price to Earnings Ratio

19.1x

Wed, 18 Jan 2023

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 2.8x.

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	-2.80%
Energy	-6.23%
Energy Services	-6.39%
Oil and Gas Drilling	-4.76%
Oil and Gas Services	-6.63%

Industry PE

Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 30.3x.

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.