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Indian (NIFTY) Oil and Gas Industry Analysis

UpdatedJun 23, 2024
DataAggregated Company Financials
Companies29
  • 7D-1.7%
  • 3M2.8%
  • 1Y37.1%
  • YTD19.8%

Over the last 7 days, the Oil and Gas industry has dropped 1.7%, driven by Reliance Industries declining 1.6%. Meanwhile, Essar Shipping actually outperformed within the industry, gaining 19% in the last week. Over the past 12 months, the industry was up 37%. Earnings are forecast to grow by 5.4% annually.

Industry Valuation and Performance

Has the Indian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 23 Jun 2024₹32.9t₹36.0t₹2.6t13.6x12.5x0.9x
Tue, 21 May 2024₹32.5t₹35.4t₹2.5t13.7x12.8x0.9x
Thu, 18 Apr 2024₹31.5t₹35.3t₹2.6t13.2x12.3x0.9x
Sat, 16 Mar 2024₹30.0t₹35.3t₹2.6t11.3x11.7x0.9x
Mon, 12 Feb 2024₹31.3t₹35.3t₹2.5t10.8x12.3x0.9x
Wed, 10 Jan 2024₹26.6t₹35.3t₹2.4t9.9x10.9x0.8x
Fri, 08 Dec 2023₹25.0t₹35.3t₹2.4t9.5x10.3x0.7x
Sun, 05 Nov 2023₹22.9t₹35.6t₹2.3t10.3x9.9x0.6x
Tue, 03 Oct 2023₹22.9t₹36.2t₹2.0t11.6x11.4x0.6x
Thu, 31 Aug 2023₹22.7t₹36.2t₹2.0t10.7x11.3x0.6x
Sat, 29 Jul 2023₹23.4t₹37.3t₹1.7t12.3x13.6x0.6x
Mon, 26 Jun 2023₹22.9t₹37.5t₹1.6t12.6x14.5x0.6x
Wed, 24 May 2023₹22.7t₹37.7t₹1.7t11.9x13.8x0.6x
Fri, 21 Apr 2023₹21.6t₹36.4t₹1.5t10.8x14x0.6x
Sun, 19 Mar 2023₹20.8t₹36.4t₹1.5t10.6x13.4x0.6x
Tue, 14 Feb 2023₹21.2t₹36.2t₹1.5t10.2x13.8x0.6x
Thu, 12 Jan 2023₹22.6t₹34.8t₹1.6t10.3x14.4x0.6x
Sat, 10 Dec 2022₹23.0t₹34.8t₹1.6t11.4x14.6x0.7x
Mon, 07 Nov 2022₹22.6t₹33.8t₹1.7t16.3x13.6x0.7x
Wed, 05 Oct 2022₹21.3t₹32.0t₹1.8t17.7x11.9x0.7x
Fri, 02 Sep 2022₹22.5t₹32.0t₹1.8t17.5x12.6x0.7x
Sun, 31 Jul 2022₹22.0t₹30.3t₹1.9t12.1x11.9x0.7x
Tue, 28 Jun 2022₹21.8t₹28.2t₹1.8t11.8x12.1x0.8x
Thu, 26 May 2022₹22.7t₹26.9t₹1.8t12.7x12.4x0.8x
Sat, 23 Apr 2022₹25.6t₹25.3t₹1.8t26.4x14.4x1x
Mon, 21 Mar 2022₹22.2t₹25.3t₹1.8t19.2x12.4x0.9x
Wed, 16 Feb 2022₹21.7t₹25.4t₹1.8t16.5x12.2x0.9x
Fri, 14 Jan 2022₹22.6t₹22.7t₹1.6t22.5x13.9x1x
Sun, 12 Dec 2021₹21.7t₹22.6t₹1.6t16.5x13.3x1x
Tue, 09 Nov 2021₹22.5t₹22.7t₹1.5t17.7x15.2x1x
Thu, 07 Oct 2021₹23.1t₹20.9t₹1.4t15.4x16.6x1.1x
Sat, 04 Sep 2021₹21.0t₹20.9t₹1.4t15.8x15.1x1x
Mon, 02 Aug 2021₹18.8t₹20.9t₹1.4t17.8x13.5x0.9x
Price to Earnings Ratio

13.8x


Total Market Cap: ₹19.1tTotal Earnings: ₹1.4tTotal Revenue: ₹20.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Oil and Gas Industry Price to Earnings3Y Average 13x202220232024
Current Industry PE
  • Investors are relatively neutral on the Indian Oil and Gas 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 0.78x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 20% 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-0.14%
Energy-1.69%
Oil and Gas-1.69%
Oil and Gas Exploration and Production-0.06%
Coal and Fuels-1.36%
Oil and Gas Storage and Transportation-1.51%
Oil and Gas Refining and Marketing-1.74%
Integrated Oil and Gas-2.09%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry even though it's trading below its 3-year average PE ratio of 18.5x.
    • Analysts are expecting annual earnings growth of 6.3%, which is lower than the prior year's growth of 22.7% per year.
  • Investors are most pessimistic about the Integrated Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.6x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings growth rate of 0.4% per year.
  • In contrast, the Coal and Fuels industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
533704 Essar Shipping₹53.1719.1%
+₹1.8b
363.2%PS54.4x
OIL Oil India₹699.800.05%
+₹379.5m
187.1%PE12x
544163 Greenhitech Ventures₹128.6521.4%
+₹106.7m
n/aPE46.8x
500186 Hindustan Oil Exploration₹191.350.2%
+₹59.5m
-7.2%PE11.2x
RIIL Reliance Industrial Infrastructure₹1.33k0.1%
+₹28.7m
43.4%PE150.9x
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Latest News

544163

₹128.65

Greenhitech Ventures

7D

21.4%

1Y

n/a

ONGC

₹269.65

Oil and Natural Gas

7D

-2.1%

1Y

71.9%

RIIL

₹1,330.80

Reliance Industrial Infrastructure

7D

0.1%

1Y

43.4%

500620

₹1,168.35

Great Eastern Shipping

7D

-3.9%

1Y

66.3%

538465

₹52.82

Amarnath Securities

7D

8.3%

1Y

88.6%

PETRONET

₹320.25

Petronet LNG

7D

-1.1%

1Y

46.4%

533704

₹53.17

Essar Shipping

7D

19.1%

1Y

363.2%

524675

₹26.05

Kabsons Industries

7D

6.1%

1Y

141.0%

BPCL

₹307.60

Bharat Petroleum

7D

-1.8%

1Y

71.1%

500186

₹191.35

Hindustan Oil Exploration

7D

0.2%

1Y

-7.2%

GULFPETRO

₹67.20

GP Petroleums

7D

0.4%

1Y

68.4%

IOC

₹166.62

Indian Oil

7D

-2.2%

1Y

86.6%

HINDPETRO

₹340.85

Hindustan Petroleum

7D

-4.7%

1Y

89.7%