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Indian (NIFTY) Oil and Gas Industry Analysis

UpdatedSep 25, 2025
DataAggregated Company Financials
Companies33
  • 7D-1.2%
  • 3M-5.1%
  • 1Y-11.0%
  • YTD8.5%

Over the last 7 days, the Oil and Gas industry has dropped 1.2%, driven by Reliance Industries declining 2.2%. However, the industry is down 11% over the past year. As for the next few years, earnings are expected to grow by 8.6% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 25 Sep 2025₹31.1t₹36.4t₹2.1t17x14.9x0.9x
Sat, 23 Aug 2025₹31.0t₹36.4t₹2.1t17.5x14.9x0.9x
Mon, 21 Jul 2025₹31.3t₹36.6t₹2.0t19.7x15.6x0.9x
Wed, 18 Jun 2025₹30.5t₹36.5t₹1.9t19.1x16x0.8x
Fri, 16 May 2025₹30.5t₹35.9t₹1.9t15.7x15.8x0.9x
Sun, 13 Apr 2025₹26.7t₹35.8t₹1.9t17.1x14x0.7x
Tue, 11 Mar 2025₹26.2t₹35.8t₹1.9t17.4x13.8x0.7x
Thu, 06 Feb 2025₹26.5t₹31.4t₹1.8t20.7x15x0.8x
Sat, 04 Jan 2025₹28.0t₹35.9t₹2.0t21.3x14.1x0.8x
Mon, 02 Dec 2024₹28.6t₹35.9t₹2.0t20.4x14.4x0.8x
Wed, 30 Oct 2024₹29.6t₹36.3t₹2.0t19.7x14.7x0.8x
Fri, 27 Sep 2024₹34.4t₹36.3t₹2.3t19.9x14.8x0.9x
Sun, 25 Aug 2024₹35.3t₹36.3t₹2.3t19x15.2x1x
Tue, 23 Jul 2024₹34.5t₹36.2t₹2.5t14.3x13.6x1x
Thu, 20 Jun 2024₹32.9t₹36.0t₹2.6t13.4x12.6x0.9x
Sat, 18 May 2024₹32.5t₹35.4t₹2.5t13.7x12.8x0.9x
Mon, 15 Apr 2024₹31.3t₹35.3t₹2.6t13.1x12.3x0.9x
Wed, 13 Mar 2024₹31.5t₹35.3t₹2.6t11.8x12.3x0.9x
Fri, 09 Feb 2024₹31.5t₹35.3t₹2.6t11x12.3x0.9x
Sun, 07 Jan 2024₹26.7t₹35.3t₹2.4t9.8x11x0.8x
Tue, 05 Dec 2023₹24.7t₹35.3t₹2.4t9.5x10.2x0.7x
Thu, 02 Nov 2023₹22.6t₹35.6t₹2.3t10.3x9.8x0.6x
Sat, 30 Sep 2023₹22.9t₹36.2t₹2.0t11.6x11.4x0.6x
Mon, 28 Aug 2023₹23.0t₹36.2t₹2.0t10.5x11.5x0.6x
Wed, 26 Jul 2023₹23.3t₹37.3t₹1.5t13.9x15x0.6x
Fri, 23 Jun 2023₹23.4t₹37.5t₹1.6t12.9x14.8x0.6x
Sun, 21 May 2023₹22.6t₹37.0t₹1.6t11.2x14x0.6x
Tue, 18 Apr 2023₹21.7t₹36.4t₹1.5t10.8x14.1x0.6x
Thu, 16 Mar 2023₹20.8t₹36.4t₹1.5t10.2x13.4x0.6x
Sat, 11 Feb 2023₹21.2t₹36.2t₹1.5t14.7x13.9x0.6x
Mon, 09 Jan 2023₹22.6t₹34.8t₹1.6t10.7x14.3x0.6x
Wed, 07 Dec 2022₹23.5t₹34.8t₹1.6t11.4x14.9x0.7x
Fri, 04 Nov 2022₹22.3t₹33.6t₹1.7t18x13.1x0.7x
Sun, 02 Oct 2022₹20.9t₹32.0t₹1.8t17.8x11.7x0.7x
Price to Earnings Ratio

11.7x


Total Market Cap: ₹20.9tTotal Earnings: ₹1.8tTotal Revenue: ₹32.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Oil and Gas Industry Price to Earnings3Y Average 13.5x202320242025
Current Industry PE
  • Investors are optimistic on the Indian Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.9x which is higher than its 3-year average PE of 13.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.76x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 5.2% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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-0.91%
Energy-1.20%
Oil and Gas-1.20%
Integrated Oil and Gas0.69%
Oil and Gas Exploration and Production0.65%
Coal and Fuels-0.97%
Oil and Gas Refining and Marketing-1.42%
Oil and Gas Storage and Transportation-3.18%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry, which is trading close to its 3-year average PE ratio of 19.2x.
    • Analysts are expecting annual earnings growth of 8.2%, which is higher than its past year's earnings decline of 2.9% per year.
  • Investors are most pessimistic about the Coal and Fuels industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 7.0x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings decline of 5.8% per year.
  • In contrast, the Coal and Fuels industry is expected to see its earnings grow by 3.8% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ONGC Oil and Natural Gas₹239.701.7%
+₹51.7b
-18.8%PE8.4x
HINDPETRO Hindustan Petroleum₹423.703.7%
+₹32.1b
0.4%PE8.8x
GMDCLTD Gujarat Mineral Development₹606.2010.7%
+₹18.6b
66.4%PE29x
BPCL Bharat Petroleum₹328.851.0%
+₹13.7b
-4.7%PE8.2x
OIL Oil India₹406.600.8%
+₹5.0b
-29.7%PE10.1x

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