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

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies14
  • 7D-0.4%
  • 3M3.2%
  • 1Y17.4%
  • YTDn/a

Over the last 7 days, the Oil and Gas Refining and Marketing industry has dropped 3.0%, driven by Reliance Industries declining 3.0%. In contrast, Mangalore Refinery and Petrochemicals has gained 8.0%. In the past year, the industry has gained 18%. As for the next few years, earnings are expected to grow by 6.4% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 16 Jan 2026₹24.9t₹27.9t₹1.5t19.2x17x0.9x
Sun, 14 Dec 2025₹26.3t₹27.9t₹1.5t24x18.1x0.9x
Tue, 11 Nov 2025₹25.6t₹27.9t₹1.5t19.6x17.6x0.9x
Thu, 09 Oct 2025₹23.5t₹27.5t₹1.3t21x18.7x0.9x
Sat, 06 Sep 2025₹23.1t₹27.5t₹1.3t17.8x18.4x0.8x
Mon, 04 Aug 2025₹22.2t₹27.6t₹1.1t15.2x19.4x0.8x
Wed, 02 Jul 2025₹23.8t₹27.5t₹1.0t25x23x0.9x
Fri, 30 May 2025₹22.7t₹27.5t₹1.0t25.9x21.9x0.8x
Sun, 27 Apr 2025₹20.8t₹27.8t₹1.0t23.7x20.6x0.7x
Tue, 25 Mar 2025₹20.7t₹27.4t₹1.0t18.9x20.6x0.8x
Thu, 20 Feb 2025₹19.3t₹27.4t₹1.0t20.7x19.1x0.7x
Sat, 18 Jan 2025₹20.6t₹27.6t₹1.1t24.8x19.5x0.7x
Mon, 16 Dec 2024₹20.7t₹27.4t₹1.0t26.4x19.9x0.8x
Wed, 13 Nov 2024₹20.6t₹27.4t₹1.0t19x19.7x0.8x
Fri, 11 Oct 2024₹23.6t₹27.4t₹1.3t12.7x17.6x0.9x
Sun, 08 Sep 2024₹25.2t₹27.4t₹1.3t13.4x18.8x0.9x
Tue, 06 Aug 2024₹24.8t₹27.4t₹1.3t12.9x18.5x0.9x
Thu, 04 Jul 2024₹25.9t₹27.2t₹1.6t12.1x16.1x1x
Sat, 01 Jun 2024₹24.2t₹27.2t₹1.6t9.9x15.1x0.9x
Mon, 29 Apr 2024₹23.5t₹27.2t₹1.7t12x13.8x0.9x
Wed, 27 Mar 2024₹23.1t₹26.9t₹1.7t9x13.6x0.9x
Fri, 23 Feb 2024₹24.0t₹26.9t₹1.7t10.1x14.1x0.9x
Sun, 21 Jan 2024₹21.6t₹26.9t₹1.6t8.2x13.7x0.8x
Tue, 19 Dec 2023₹19.6t₹26.9t₹1.6t5.9x12.4x0.7x
Thu, 16 Nov 2023₹18.0t₹26.9t₹1.6t5.5x11.4x0.7x
Sat, 14 Oct 2023₹17.6t₹27.5t₹1.2t16.2x14.7x0.6x
Mon, 11 Sep 2023₹18.3t₹27.5t₹1.2t12.9x15.3x0.7x
Wed, 09 Aug 2023₹18.6t₹27.5t₹1.2t12.2x15.6x0.7x
Fri, 07 Jul 2023₹19.6t₹28.2t₹778.7b19.5x25.2x0.7x
Sun, 04 Jun 2023₹18.2t₹28.2t₹778.7b18x23.3x0.6x
Tue, 02 May 2023₹17.8t₹27.9t₹683.3b18.2x26.1x0.6x
Thu, 30 Mar 2023₹16.5t₹27.6t₹663.2b17.2x24.8x0.6x
Sat, 25 Feb 2023₹17.3t₹27.6t₹663.2b17.3x26.2x0.6x
Mon, 23 Jan 2023₹17.9t₹26.4t₹744.1b9.9x24.1x0.7x
Price to Earnings Ratio

24.1x


Total Market Cap: ₹17.9tTotal Earnings: ₹744.1bTotal Revenue: ₹26.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Oil and Gas Refining and Marketing Industry Price to Earnings3Y Average 18.7x202420252026
Current Industry PE
  • Investors are relatively neutral on the Indian Oil and Gas Refining and Marketing 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 18.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.79x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Refining and Marketing industry have grown 25% 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-0.86%
Energy0.68%
Oil and Gas0.69%
Oil and Gas Refining and Marketing-0.40%
Oil and Gas Exploration and Production10.74%
Integrated Oil and Gas7.26%
Coal and Fuels1.58%
Oil and Gas Storage and Transportation-1.01%
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₹159.161.8%
+₹38.4b		25.2%PE8.8x
500109 Mangalore Refinery and Petrochemicals₹158.4510.9%
+₹27.3b		14.5%PE12.7x
500110 Chennai Petroleum₹878.0010.9%
+₹12.8b		51.8%PE11.2x
BPCL Bharat Petroleum₹356.900.7%
+₹10.2b		33.7%PE7.3x
NEPTUNE Neptune Petrochemicals₹211.003.9%
+₹181.2m		n/aPE17.9x

Latest News

500109
₹158.45
Mangalore Refinery and Petrochemicals
7D
10.9%
1Y
14.5%
HINDPETRO
₹440.15
Hindustan Petroleum
7D
-2.7%
1Y
22.9%
IOC
₹159.16
Indian Oil
7D
1.8%
1Y
25.2%

IOC: Future Renewable Stake And Interim Dividend Will Support Upside

Analysts have lifted their fair value estimate for Indian Oil to ₹207 from ₹195, citing adjustments to discount rate assumptions, tempered revenue growth expectations, a slightly revised profit margin outlook, and a higher assumed future P/E multiple. What's in the News Board meeting scheduled for Dec 12, 2025, at 11:00 Indian Standard Time to consider an interim dividend of ₹5 per equity share with a face value of ₹10 for the 2025-2026 financial year (company filing).
TRUALT
₹366.55
TruAlt Bioenergy
7D
-5.9%
1Y
n/a
GULFPETRO
₹34.04
GP Petroleums
7D
-0.6%
1Y
-35.6%
RELIANCE
₹1,458.80
Reliance Industries
7D
-0.8%
1Y
15.2%
524514
₹36.32
Tulasee Bio-Ethanol
7D
-9.7%
1Y
102.1%
532435
₹7.57
Sanmit Infra
7D
-1.2%
1Y
-35.3%
500110
₹878.00
Chennai Petroleum
7D
10.9%
1Y
51.8%
BPCL
₹356.90
Bharat Petroleum
7D
0.7%
1Y
33.7%

BPCL: Upcoming Ramayapatnam Refinery Project Will Reshape Long Term Prospects

Analysts have lifted their price target for Bharat Petroleum from ₹460.00 to about ₹525.14, citing revised assumptions for revenue growth, profit margins, a slightly lower discount rate, and an updated future P/E estimate. What's in the News BPCL signed three Memoranda of Understanding with Oil India, Numaligarh Refinery and Fertilisers & Chemicals Travancore at the 28th Energy Technology Meet 2025 in Hyderabad, aimed at collaboration across refining, petrochemicals, green energy and logistics infrastructure (Key Developments).
GODAVARIB
₹280.00
Godavari Biorefineries
7D
-3.2%
1Y
-2.8%

Godavari Biorefineries (NSE:GODAVARIB) Could Be Struggling To Allocate Capital

Dec 16
Godavari Biorefineries (NSE:GODAVARIB) Could Be Struggling To Allocate Capital
NEPTUNE
₹211.00
Neptune Petrochemicals
7D
3.9%
1Y
n/a
KOTYARK
₹214.10
Kotyark Industries
7D
-4.5%
1Y
-74.3%
544163
₹101.50
Greenhitech Ventures
7D
0.2%
1Y
2.1%
RAJPUTANA
₹249.95
Rajputana Biodiesel
7D
0.6%
1Y
-18.4%