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Indian (NIFTY) Oil and Gas Refining and Marketing Industry Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies14
  • 7D-2.5%
  • 3M-14.5%
  • 1Y8.5%
  • YTDn/a

Over the last 7 days, the Oil and Gas Refining and Marketing industry has dropped 2.5%, driven by a pullback from Reliance Industries of 2.9%. In the past year, the industry has gained 8.5%. Looking forward, earnings are forecast to grow by 4.3% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026₹21.9t₹28.4t₹1.6t15.3x13.4x0.8x
Fri, 06 Mar 2026₹24.2t₹28.4t₹1.6t17.3x14.8x0.9x
Sun, 01 Feb 2026₹24.1t₹28.3t₹1.5t20.4x15.8x0.9x
Tue, 30 Dec 2025₹26.2t₹27.9t₹1.5t23.3x18x0.9x
Thu, 27 Nov 2025₹26.6t₹27.9t₹1.5t25.5x18.3x1x
Sat, 25 Oct 2025₹24.5t₹27.7t₹1.3t22.1x19.1x0.9x
Mon, 22 Sep 2025₹23.8t₹27.5t₹1.3t18.7x18.9x0.9x
Wed, 20 Aug 2025₹23.8t₹27.5t₹1.3t18.1x18.9x0.9x
Fri, 18 Jul 2025₹23.7t₹27.5t₹1.0t21.5x22.8x0.9x
Sun, 15 Jun 2025₹22.6t₹27.5t₹1.0t21.1x21.8x0.8x
Tue, 13 May 2025₹22.7t₹27.5t₹1.0t23.6x21.9x0.8x
Thu, 10 Apr 2025₹19.3t₹27.4t₹1.0t20.3x19.1x0.7x
Sat, 08 Mar 2025₹19.7t₹27.4t₹1.0t21.2x19.6x0.7x
Mon, 03 Feb 2025₹18.9t₹23.0t₹871.1b23.3x21.7x0.8x
Wed, 01 Jan 2025₹19.8t₹27.4t₹1.0t25.7x19x0.7x
Fri, 29 Nov 2024₹20.5t₹27.4t₹1.0t21.5x19.6x0.7x
Sun, 27 Oct 2024₹21.4t₹27.5t₹1.2t18.9x18.2x0.8x
Tue, 24 Sep 2024₹25.2t₹27.4t₹1.3t13.5x18.8x0.9x
Thu, 22 Aug 2024₹25.6t₹27.4t₹1.3t13.2x19.1x0.9x
Sat, 20 Jul 2024₹26.1t₹27.2t₹1.6t10.5x16.3x1x
Mon, 17 Jun 2024₹25.0t₹27.2t₹1.6t10.5x15.6x0.9x
Wed, 15 May 2024₹23.9t₹27.3t₹1.6t11.7x14.9x0.9x
Fri, 12 Apr 2024₹23.7t₹26.9t₹1.7t8.9x13.9x0.9x
Sun, 10 Mar 2024₹23.8t₹26.9t₹1.7t9.4x14x0.9x
Tue, 06 Feb 2024₹23.2t₹26.9t₹1.7t7.9x13.6x0.9x
Thu, 04 Jan 2024₹20.2t₹26.9t₹1.6t6.1x12.8x0.8x
Sat, 02 Dec 2023₹18.5t₹26.9t₹1.6t5.6x11.7x0.7x
Mon, 30 Oct 2023₹16.9t₹27.4t₹1.3t15.6x12.8x0.6x
Wed, 27 Sep 2023₹17.5t₹27.5t₹1.2t13.8x14.7x0.6x
Fri, 25 Aug 2023₹18.4t₹27.5t₹1.2t12.1x15.4x0.7x
Sun, 23 Jul 2023₹19.0t₹28.1t₹759.7b19.4x25x0.7x
Tue, 20 Jun 2023₹18.9t₹28.2t₹778.7b18.6x24.3x0.7x
Thu, 18 May 2023₹18.0t₹29.2t₹735.7b12.3x24.5x0.6x
Sat, 15 Apr 2023₹17.2t₹27.6t₹663.2b17.3x26x0.6x
Price to Earnings Ratio

26x


Total Market Cap: ₹17.2tTotal Earnings: ₹663.2bTotal Revenue: ₹27.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Oil and Gas Refining and Marketing Industry Price to Earnings3Y Average 18x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Oil and Gas Refining and Marketing industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 13.4x which is lower than its 3-year average PE of 18.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.80x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Refining and Marketing industry have grown 35% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Comparison

How does Indian Oil and Gas Refining and Marketing compare with similar industries?

IN Market4.18%
Energy-1.24%
Oil and Gas-1.30%
Oil and Gas Refining and Marketing-2.52%
Coal and Fuels2.91%
Oil and Gas Exploration and Production2.65%
Oil and Gas Storage and Transportation2.37%
Integrated Oil and Gas0.70%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
IOC Indian Oil₹143.355.6%
+₹105.1b		8.9%PE5.5x
BPCL Bharat Petroleum₹298.106.0%
+₹73.1b		3.5%PE5.3x
HINDPETRO Hindustan Petroleum₹364.258.6%
+₹61.1b		-4.0%PE5x
TRUALT TruAlt Bioenergy₹416.101.3%
+₹458.8m		n/aPE23.3x
GULFPETRO GP Petroleums₹31.1020.2%
+₹266.1m		-18.7%PE6.2x

Latest News

IOC
₹143.35
Indian Oil
7D
5.6%
1Y
8.9%

IOC: Circular Recycling And Cleaner Fuel Partnerships Will Support Future Upside

Analysts have kept the price target for Indian Oil steady at ₹225, pointing to adjusted assumptions around revenue growth, profit margins and future P/E to support this unchanged view. What's in the News Indian Oil signed an exclusive MoU with Re Sustainability to launch a national programme for collection and recycling of used lubricating oil, targeting 100 KTA annual collection and a 50 to 100 KTA re refining facility for Group II+ base oils, along with recycling of plastic lubricant containers under EPR rules (Key Developments).
GULFPETRO
₹31.10
GP Petroleums
7D
20.2%
1Y
-18.7%
532435
₹6.54
Sanmit Infra
7D
13.0%
1Y
-28.1%
HINDPETRO
₹364.25
Hindustan Petroleum
7D
8.6%
1Y
-4.0%

HINDPETRO: New Energy MoUs Will Sustain Elevated P E Risk

Analysts have trimmed their fair value estimate for Hindustan Petroleum from about ₹357.82 to roughly ₹240.25. This reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations.
RELIANCE
₹1,347.80
Reliance Industries
7D
-1.6%
1Y
13.7%

RELIANCE: Deepwater Collaboration And Green Ammonia Agreement Will Support Future Earnings Resilience

Analysts made a modest upward revision to their fair value estimate for Reliance Industries, with the price target moving from about ₹1,717 to roughly ₹1,720. This reflects updated assumptions around slightly lower revenue growth, a marginally higher profit margin, and a small adjustment to future P/E expectations.
BPCL
₹298.10
Bharat Petroleum
7D
6.0%
1Y
3.5%

BPCL: Green Hydrogen Progress Will Offset Softer Margins And P/E Expectations

Analysts have lowered their price target on Bharat Petroleum to ₹265.86 from ₹321.31, citing updated assumptions that reflect slightly softer revenue growth, a modestly lower profit margin outlook, and a reduced future P/E multiple. What's in the News NeuEN Green Energy Pvt.
500109
₹179.50
Mangalore Refinery and Petrochemicals
7D
-2.4%
1Y
35.6%

500109: Unchanged Dividend And Earnings Assumptions Will Likely Cap Share Price Upside

Analysts have kept their price target for Mangalore Refinery and Petrochemicals steady at ₹162, citing unchanged assumptions on the discount rate, revenue growth, profit margin and future P/E as the basis for reaffirming their view. What's in the News The board meeting is scheduled for March 3, 2026 at 16:00 IST to consider the declaration of an interim dividend for the 2025-26 financial year, along with the appointment of a Secretarial Auditor (Key Developments).
500110
₹988.80
Chennai Petroleum
7D
-2.7%
1Y
62.9%
KOTYARK
₹379.15
Kotyark Industries
7D
-4.5%
1Y
6.1%

Kotyark Industries (NSE:KOTYARK) Use Of Debt Could Be Considered Risky

Feb 11
Kotyark Industries (NSE:KOTYARK) Use Of Debt Could Be Considered Risky
TRUALT
₹416.10
TruAlt Bioenergy
7D
1.3%
1Y
n/a
RAJPUTANA
₹228.45
Rajputana Biodiesel
7D
11.1%
1Y
6.3%

Is Rajputana Biodiesel (NSE:RAJPUTANA) Using Too Much Debt?

Feb 03
Is Rajputana Biodiesel (NSE:RAJPUTANA) Using Too Much Debt?
NEPTUNE
₹188.80
Neptune Petrochemicals
7D
3.2%
1Y
n/a