There Is A Reason Oil and Natural Gas Corporation Limited's (NSE:ONGC) Price Is Undemanding
May 23
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Indian (NIFTY) Oil and Gas Industry Analysis
UpdatedMay 28, 2025
DataAggregated Company Financials
Companies31
- 7D-0.3%
- 3M16.6%
- 1Y-5.5%
- YTD10.4%
Last week, the Oil and Gas industry hasn't moved much but Hindustan Petroleum is up 3.7% in that time. Unfortunately though, the industry is down 5.5% over the past 12 months. Looking forward, earnings are forecast to grow by 13% annually.
Industry Valuation and Performance
Has the Indian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 28 May 2025 | ₹30.1t | ₹36.5t | ₹1.9t | 19.4x | 15.8x | 0.8x |
| Fri, 25 Apr 2025 | ₹28.3t | ₹35.8t | ₹1.9t | 19x | 14.9x | 0.8x |
| Sun, 23 Mar 2025 | ₹27.6t | ₹35.8t | ₹1.9t | 17x | 14.6x | 0.8x |
| Tue, 18 Feb 2025 | ₹26.1t | ₹35.8t | ₹1.9t | 19.4x | 13.7x | 0.7x |
| Thu, 16 Jan 2025 | ₹27.4t | ₹35.9t | ₹2.0t | 21.1x | 13.8x | 0.8x |
| Sat, 14 Dec 2024 | ₹28.4t | ₹35.9t | ₹2.0t | 21x | 14.3x | 0.8x |
| Mon, 11 Nov 2024 | ₹28.7t | ₹36.3t | ₹2.0t | 19.4x | 14.2x | 0.8x |
| Wed, 09 Oct 2024 | ₹32.8t | ₹36.3t | ₹2.3t | 17.7x | 14.1x | 0.9x |
| Fri, 06 Sep 2024 | ₹35.1t | ₹36.3t | ₹2.3t | 18.2x | 15.1x | 1x |
| Sun, 04 Aug 2024 | ₹35.2t | ₹36.3t | ₹2.4t | 16.7x | 14.9x | 1x |
| Tue, 02 Jul 2024 | ₹34.1t | ₹36.0t | ₹2.6t | 13.9x | 13x | 0.9x |
| Thu, 30 May 2024 | ₹32.6t | ₹36.0t | ₹2.6t | 13.1x | 12.5x | 0.9x |
| Sat, 27 Apr 2024 | ₹31.6t | ₹35.6t | ₹2.6t | 13.6x | 12.4x | 0.9x |
| Mon, 25 Mar 2024 | ₹30.8t | ₹35.3t | ₹2.6t | 11.1x | 12x | 0.9x |
| Wed, 21 Feb 2024 | ₹32.0t | ₹35.3t | ₹2.6t | 13.6x | 12.5x | 0.9x |
| Fri, 19 Jan 2024 | ₹28.1t | ₹35.3t | ₹2.4t | 10.3x | 11.5x | 0.8x |
| Sun, 17 Dec 2023 | ₹25.3t | ₹35.3t | ₹2.4t | 9.5x | 10.4x | 0.7x |
| Tue, 14 Nov 2023 | ₹23.4t | ₹35.5t | ₹2.4t | 9.8x | 9.9x | 0.7x |
| Thu, 12 Oct 2023 | ₹22.8t | ₹36.2t | ₹2.0t | 11.3x | 11.4x | 0.6x |
| Sat, 09 Sep 2023 | ₹23.4t | ₹36.2t | ₹2.0t | 11.3x | 11.7x | 0.6x |
| Mon, 07 Aug 2023 | ₹23.3t | ₹36.9t | ₹2.0t | 11.8x | 11.6x | 0.6x |
| Wed, 05 Jul 2023 | ₹23.6t | ₹37.5t | ₹1.6t | 13.3x | 14.9x | 0.6x |
| Fri, 02 Jun 2023 | ₹22.6t | ₹37.5t | ₹1.6t | 11.8x | 14.2x | 0.6x |
| Sun, 30 Apr 2023 | ₹22.3t | ₹36.8t | ₹1.6t | 10.6x | 14.2x | 0.6x |
| Tue, 28 Mar 2023 | ₹20.6t | ₹36.4t | ₹1.5t | 10.6x | 13.3x | 0.6x |
| Thu, 23 Feb 2023 | ₹21.5t | ₹36.5t | ₹1.5t | 10.2x | 13.9x | 0.6x |
| Sat, 21 Jan 2023 | ₹22.2t | ₹34.8t | ₹1.6t | 10.3x | 14.1x | 0.6x |
| Mon, 19 Dec 2022 | ₹22.8t | ₹34.8t | ₹1.6t | 11.1x | 14.5x | 0.7x |
| Wed, 16 Nov 2022 | ₹22.8t | ₹34.4t | ₹1.7t | 11.4x | 13.6x | 0.7x |
| Fri, 14 Oct 2022 | ₹21.1t | ₹32.0t | ₹1.8t | 17.8x | 11.8x | 0.7x |
| Sun, 11 Sep 2022 | ₹22.6t | ₹32.0t | ₹1.8t | 17.2x | 12.6x | 0.7x |
| Tue, 09 Aug 2022 | ₹22.5t | ₹31.0t | ₹1.7t | 13x | 13.6x | 0.7x |
| Thu, 07 Jul 2022 | ₹20.9t | ₹28.2t | ₹1.8t | 11.8x | 11.6x | 0.7x |
| Sat, 04 Jun 2022 | ₹24.0t | ₹28.2t | ₹1.8t | 12.4x | 13.3x | 0.9x |
Price to Earnings Ratio
13.3x
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 15.8x which is higher than its 3-year average PE of 13.2x.
- The industry is trading close to its 3-year average PS ratio of 0.75x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have remained mostly flat over the last three years.
- Meanwhile revenues for these companies have grown 9.0% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.
Industry Trends
Which industries have driven the changes within the Indian Energy industry?
| IN Market | 1.19% | |
| Energy | -0.30% | |
| Oil and Gas | -0.31% | |
| Oil and Gas Exploration and Production | 1.62% | |
| Oil and Gas Refining and Marketing | 0.20% | |
| Coal and Fuels | -1.86% | |
| Integrated Oil and Gas | -1.89% | |
| Oil and Gas Storage and Transportation | -4.03% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio of 19.0x.
- Analysts are expecting annual earnings growth of 14.0%, which is higher than its past year's earnings decline of 50.3% per year.
- Investors are most pessimistic about the Coal and Fuels industry, which is trading close to its 3-year average of 6.9x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 14% over the next 5 years.
- This is better than its past earnings decline of 50% per year.
- In contrast, the Coal and Fuels industry is expected to see its earnings grow by 3.3% 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 | |
|---|---|---|---|---|---|
| HINDPETRO Hindustan Petroleum | ₹418.10 | 3.3% +₹28.1b | 16.6% | PE13.2x | |
| BPCL Bharat Petroleum | ₹321.70 | 1.9% +₹25.4b | 1.6% | PE10.5x | |
| 500109 Mangalore Refinery and Petrochemicals | ₹148.90 | 6.6% +₹16.2b | -31.0% | PE464.3x | |
| IOC Indian Oil | ₹144.20 | 0.6% +₹11.2b | -12.6% | PE14.6x | |
| OIL Oil India | ₹430.15 | 0.9% +₹5.9b | 1.3% | PE10.7x |
