Indian (NIFTY) Energy Services Industry Analysis

UpdatedJan 08, 2026

DataAggregated Company Financials

Companies15

7D-2.9%
3M-2.2%
1Y-26.5%
YTD-2.2%

Over the last 7 days, the Energy Services industry has dropped 2.9%, driven by a pullback from Deep Industries of 12%. Overall the industry is down 27% in 12 months. As for the next few years, earnings are expected to grow by 58% per annum.

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
Fri, 09 Jan 2026	₹127.3b	₹44.0b	₹5.3b	26.8x	24.1x	2.9x
Sun, 07 Dec 2025	₹120.8b	₹44.0b	₹5.3b	26.1x	22.9x	2.7x
Tue, 04 Nov 2025	₹133.1b	₹42.6b	₹4.6b	22.7x	29.1x	3.1x
Thu, 02 Oct 2025	₹132.8b	₹42.3b	₹4.6b	25.3x	28.9x	3.1x
Sat, 30 Aug 2025	₹138.3b	₹41.4b	₹4.5b	21.2x	30.5x	3.3x
Mon, 28 Jul 2025	₹132.4b	₹45.2b	₹3.9b	21.7x	33.6x	2.9x
Wed, 25 Jun 2025	₹130.3b	₹44.9b	₹3.9b	24.5x	33.4x	2.9x
Fri, 23 May 2025	₹125.5b	₹39.8b	₹3.8b	22.1x	33.1x	3.2x
Sun, 20 Apr 2025	₹136.6b	₹37.7b	₹6.0b	22x	22.9x	3.6x
Tue, 18 Mar 2025	₹126.6b	₹37.7b	₹6.0b	22.2x	21.2x	3.4x
Thu, 13 Feb 2025	₹141.4b	₹43.3b	₹6.1b	21.5x	23.2x	3.3x
Sat, 11 Jan 2025	₹166.0b	₹42.3b	₹5.8b	22.1x	28.5x	3.9x
Mon, 09 Dec 2024	₹182.3b	₹42.6b	₹5.8b	25.2x	31.2x	4.3x
Wed, 06 Nov 2024	₹175.9b	₹35.3b	₹5.5b	29.2x	32.1x	5x
Fri, 04 Oct 2024	₹171.0b	₹34.5b	₹5.2b	31.9x	33x	5x
Sun, 01 Sep 2024	₹173.0b	₹32.4b	₹4.9b	30.2x	35.5x	5.3x
Tue, 30 Jul 2024	₹163.5b	₹35.0b	₹3.8b	42.2x	42.5x	4.7x
Thu, 27 Jun 2024	₹156.5b	₹35.0b	₹3.8b	42.3x	40.7x	4.5x
Sat, 25 May 2024	₹154.4b	₹29.0b	₹8.1b	46.1x	19x	5.3x
Mon, 22 Apr 2024	₹129.4b	₹25.7b	₹8.9b	30.3x	14.6x	5x
Wed, 20 Mar 2024	₹111.0b	₹25.2b	₹8.8b	25x	12.6x	4.4x
Fri, 16 Feb 2024	₹118.6b	₹25.2b	₹8.8b	27.1x	13.4x	4.7x
Sun, 14 Jan 2024	₹119.0b	₹26.7b	₹6.2b	28.3x	19.3x	4.5x
Tue, 12 Dec 2023	₹108.3b	₹26.7b	₹6.2b	33.2x	17.5x	4.1x
Thu, 09 Nov 2023	₹92.1b	₹22.4b	₹7.6b	20.8x	12.1x	4.1x
Sat, 07 Oct 2023	₹89.9b	₹21.7b	₹7.7b	22.8x	11.7x	4.1x
Mon, 04 Sep 2023	₹79.8b	₹21.7b	₹7.7b	17.4x	10.4x	3.7x
Wed, 02 Aug 2023	₹75.6b	₹25.4b	₹7.0b	13.8x	10.7x	3x
Fri, 30 Jun 2023	₹66.5b	₹25.1b	₹7.2b	13.8x	9.2x	2.7x
Sun, 28 May 2023	₹63.7b	₹20.6b	₹3.9b	15.1x	16.2x	3.1x
Tue, 25 Apr 2023	₹62.3b	₹20.5b	₹3.0b	17x	20.7x	3x
Thu, 23 Mar 2023	₹57.0b	₹20.5b	₹3.0b	14x	18.9x	2.8x
Sat, 18 Feb 2023	₹57.7b	₹20.5b	₹3.0b	15.7x	19.2x	2.8x
Mon, 16 Jan 2023	₹64.0b	₹24.4b	₹3.3b	18.6x	19.3x	2.6x

Price to Earnings Ratio

19.3x

Mon, 16 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 2.9x.

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	0.84%
Energy	-2.53%
Energy Services	-2.87%
Oil and Gas Services	-2.51%
Oil and Gas Drilling	-5.33%

Industry PE

Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio of 30.2x.

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.