Analysis Article • May 21
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Indian (NIFTY) Oil and Gas Refining and Marketing Industry Analysis
UpdatedMay 23, 2026
DataAggregated Company Financials
Companies14
- 7D1.8%
- 3M-7.3%
- 1Y-4.7%
- YTDn/a
In the last week, Oil and Gas Refining and Marketing has been flat. As for the longer term, the industry has declined 3.7% in the last year. Earnings are forecast to grow by 4.6% annually.
Industry Valuation and Performance
Has the Indian Oil and Gas Refining and Marketing Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 23 May 2026 | ₹22.8t | ₹28.9t | ₹1.7t | 14.2x | 13.3x | 0.8x |
| Mon, 20 Apr 2026 | ₹23.2t | ₹28.4t | ₹1.6t | 17.2x | 14.2x | 0.8x |
| Wed, 18 Mar 2026 | ₹23.5t | ₹28.4t | ₹1.6t | 17.5x | 14.4x | 0.8x |
| Fri, 13 Feb 2026 | ₹25.2t | ₹28.4t | ₹1.6t | 21.1x | 15.4x | 0.9x |
| Sun, 11 Jan 2026 | ₹25.0t | ₹27.9t | ₹1.5t | 22.4x | 17.2x | 0.9x |
| Tue, 09 Dec 2025 | ₹26.1t | ₹27.9t | ₹1.5t | 23.8x | 17.9x | 0.9x |
| Thu, 06 Nov 2025 | ₹25.4t | ₹27.9t | ₹1.5t | 20.6x | 17.5x | 0.9x |
| Sat, 04 Oct 2025 | ₹23.4t | ₹27.5t | ₹1.3t | 21.8x | 18.6x | 0.8x |
| Mon, 01 Sep 2025 | ₹22.7t | ₹27.5t | ₹1.3t | 17.5x | 18.1x | 0.8x |
| Wed, 30 Jul 2025 | ₹22.8t | ₹27.6t | ₹1.1t | 15.8x | 19.8x | 0.8x |
| Fri, 27 Jun 2025 | ₹23.7t | ₹27.5t | ₹1.0t | 25x | 22.9x | 0.9x |
| Sun, 25 May 2025 | ₹22.7t | ₹27.5t | ₹1.0t | 22x | 21.9x | 0.8x |
| Tue, 22 Apr 2025 | ₹20.9t | ₹27.4t | ₹1.0t | 23x | 20.7x | 0.8x |
| Thu, 20 Mar 2025 | ₹19.8t | ₹27.4t | ₹1.0t | 19.8x | 19.6x | 0.7x |
| Sat, 15 Feb 2025 | ₹18.0t | ₹23.0t | ₹870.7b | 22.4x | 20.7x | 0.8x |
| Mon, 13 Jan 2025 | ₹20.0t | ₹27.4t | ₹1.0t | 23.2x | 19.1x | 0.7x |
| Wed, 11 Dec 2024 | ₹20.9t | ₹27.4t | ₹1.0t | 26.7x | 20x | 0.8x |
| Fri, 08 Nov 2024 | ₹21.2t | ₹27.4t | ₹1.0t | 20.1x | 20.3x | 0.8x |
| Sun, 06 Oct 2024 | ₹23.9t | ₹27.4t | ₹1.3t | 12.9x | 17.9x | 0.9x |
| Tue, 03 Sep 2024 | ₹26.0t | ₹27.4t | ₹1.3t | 13.5x | 19.4x | 0.9x |
| Thu, 01 Aug 2024 | ₹25.8t | ₹27.4t | ₹1.3t | 14.3x | 19.3x | 0.9x |
| Sat, 29 Jun 2024 | ₹26.0t | ₹27.2t | ₹1.6t | 10.4x | 16.2x | 1x |
| Mon, 27 May 2024 | ₹25.1t | ₹27.2t | ₹1.6t | 10.7x | 15.6x | 0.9x |
| Wed, 24 Apr 2024 | ₹23.4t | ₹27.5t | ₹1.7t | 11.6x | 13.8x | 0.9x |
| Fri, 22 Mar 2024 | ₹23.2t | ₹26.9t | ₹1.7t | 8.7x | 13.6x | 0.9x |
| Sun, 18 Feb 2024 | ₹23.9t | ₹26.9t | ₹1.7t | 9.7x | 14.1x | 0.9x |
| Tue, 16 Jan 2024 | ₹21.7t | ₹26.9t | ₹1.6t | 7.8x | 13.7x | 0.8x |
| Thu, 14 Dec 2023 | ₹19.0t | ₹26.9t | ₹1.6t | 5.9x | 12x | 0.7x |
| Sat, 11 Nov 2023 | ₹17.6t | ₹26.9t | ₹1.6t | 5.3x | 11.2x | 0.7x |
| Mon, 09 Oct 2023 | ₹17.3t | ₹27.5t | ₹1.2t | 15x | 14.5x | 0.6x |
| Wed, 06 Sep 2023 | ₹18.0t | ₹27.5t | ₹1.2t | 12.8x | 15.1x | 0.7x |
| Fri, 04 Aug 2023 | ₹18.4t | ₹27.6t | ₹1.2t | 8.2x | 15.4x | 0.7x |
| Sun, 02 Jul 2023 | ₹18.9t | ₹28.2t | ₹778.7b | 18.6x | 24.2x | 0.7x |
| Tue, 30 May 2023 | ₹18.6t | ₹28.2t | ₹778.8b | 18.3x | 23.9x | 0.7x |
Price to Earnings Ratio
23.9x
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 13.3x which is lower than its 3-year average PE of 17.5x.
- The industry is trading close to its 3-year average PS ratio of 0.81x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Refining and Marketing industry have grown 30% 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 Market | 0.48% | |
| Energy | 0.93% | |
| Oil and Gas | 0.91% | |
| Oil and Gas Refining and Marketing | 1.85% | |
| Oil and Gas Storage and Transportation | 5.32% | |
| Coal and Fuels | -1.15% | |
| Integrated Oil and Gas | -3.12% | |
| Oil and Gas Exploration and Production | -3.60% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| RELIANCE Reliance Industries | ₹1.35k | 1.4% +₹244.9b | -5.1% | PE22.7x | |
| IOC Indian Oil | ₹139.47 | 3.7% +₹68.7b | -3.2% | PE4.6x | |
| HINDPETRO Hindustan Petroleum | ₹389.65 | 6.3% +₹49.5b | -4.5% | PE4.6x | |
| BPCL Bharat Petroleum | ₹295.60 | 3.9% +₹48.4b | -7.3% | PE5x | |
| TRUALT TruAlt Bioenergy | ₹495.10 | 9.5% +₹3.7b | n/a | PE44.2x |
