Narrative Update • Aug 26
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- 7D-1.6%
- 3M-2.9%
- 1Y-0.2%
- YTD-12.9%
Over the last 7 days, the Oil and Gas industry has dropped 1.6%, driven by Reliance Industries declining 2.2%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 10% 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 |
|---|---|---|---|---|---|---|
| Sat, 29 Aug 2026 | ₹30.1t | ₹41.2t | ₹2.3t | 21x | 13.2x | 0.7x |
| Mon, 27 Jul 2026 | ₹30.3t | ₹39.2t | ₹2.3t | 19.2x | 13.1x | 0.8x |
| Wed, 24 Jun 2026 | ₹30.8t | ₹38.3t | ₹2.6t | 15.6x | 11.8x | 0.8x |
| Fri, 22 May 2026 | ₹31.9t | ₹38.2t | ₹2.6t | 20.3x | 12.4x | 0.8x |
| Sun, 19 Apr 2026 | ₹31.9t | ₹37.2t | ₹2.5t | 19.8x | 13x | 0.9x |
| Tue, 17 Mar 2026 | ₹32.1t | ₹37.2t | ₹2.5t | 17.7x | 13.1x | 0.9x |
| Thu, 12 Feb 2026 | ₹34.1t | ₹37.3t | ₹2.5t | 19.1x | 13.9x | 0.9x |
| Sat, 10 Jan 2026 | ₹32.9t | ₹36.7t | ₹2.3t | 19.3x | 14.5x | 0.9x |
| Mon, 08 Dec 2025 | ₹33.7t | ₹36.7t | ₹2.3t | 21x | 14.8x | 0.9x |
| Wed, 05 Nov 2025 | ₹33.3t | ₹36.7t | ₹2.3t | 20.4x | 14.7x | 0.9x |
| Fri, 03 Oct 2025 | ₹31.2t | ₹36.4t | ₹2.1t | 21.8x | 14.9x | 0.9x |
| Sun, 31 Aug 2025 | ₹30.1t | ₹36.4t | ₹2.1t | 17.5x | 14.4x | 0.8x |
| Tue, 29 Jul 2025 | ₹29.8t | ₹36.5t | ₹2.0t | 18.4x | 14.9x | 0.8x |
| Thu, 26 Jun 2025 | ₹30.8t | ₹36.5t | ₹1.9t | 18.7x | 16.2x | 0.8x |
| Sat, 24 May 2025 | ₹30.1t | ₹36.5t | ₹1.9t | 19.4x | 15.9x | 0.8x |
| Mon, 21 Apr 2025 | ₹27.8t | ₹35.8t | ₹1.9t | 17.4x | 14.6x | 0.8x |
| Wed, 19 Mar 2025 | ₹26.5t | ₹35.8t | ₹1.9t | 16.2x | 14x | 0.7x |
| Fri, 14 Feb 2025 | ₹25.0t | ₹31.4t | ₹1.8t | 18x | 14.2x | 0.8x |
| Sun, 12 Jan 2025 | ₹27.4t | ₹35.9t | ₹2.0t | 20.9x | 13.8x | 0.8x |
| Tue, 10 Dec 2024 | ₹28.7t | ₹35.9t | ₹2.0t | 20.3x | 14.5x | 0.8x |
| Thu, 07 Nov 2024 | ₹29.6t | ₹36.3t | ₹2.0t | 19.8x | 14.6x | 0.8x |
| Sat, 05 Oct 2024 | ₹32.8t | ₹36.3t | ₹2.3t | 18.2x | 14.1x | 0.9x |
| Mon, 02 Sep 2024 | ₹35.7t | ₹36.3t | ₹2.3t | 18.9x | 15.4x | 1x |
| Wed, 31 Jul 2024 | ₹35.5t | ₹36.3t | ₹2.5t | 15.6x | 14.4x | 1x |
| Fri, 28 Jun 2024 | ₹33.7t | ₹36.0t | ₹2.6t | 13.6x | 12.9x | 0.9x |
| Sun, 26 May 2024 | ₹33.6t | ₹36.0t | ₹2.6t | 13.6x | 12.8x | 0.9x |
| Tue, 23 Apr 2024 | ₹31.3t | ₹35.3t | ₹2.6t | 13.2x | 12.2x | 0.9x |
| Thu, 21 Mar 2024 | ₹30.3t | ₹35.3t | ₹2.6t | 11.2x | 11.9x | 0.9x |
| Sat, 17 Feb 2024 | ₹31.9t | ₹35.3t | ₹2.6t | 13.2x | 12.5x | 0.9x |
| Mon, 15 Jan 2024 | ₹27.8t | ₹35.3t | ₹2.4t | 10.1x | 11.4x | 0.8x |
| Wed, 13 Dec 2023 | ₹24.6t | ₹35.3t | ₹2.4t | 9.5x | 10.1x | 0.7x |
| Fri, 10 Nov 2023 | ₹23.1t | ₹35.5t | ₹2.4t | 11.3x | 9.8x | 0.7x |
| Sun, 08 Oct 2023 | ₹22.5t | ₹36.2t | ₹2.0t | 11.3x | 11.3x | 0.6x |
| Tue, 05 Sep 2023 | ₹22.8t | ₹36.2t | ₹2.0t | 10.6x | 11.4x | 0.6x |
Price to Earnings Ratio
11.4x
Current Industry PE
- Investors are relatively neutral on the Indian Oil and Gas 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 13.5x.
- The industry is trading close to its 3-year average PS ratio of 0.83x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 4.5% per year over the last three years.
- Revenues for these companies have grown 4.5% 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 | 0.099% | |
| Energy | -1.55% | |
| Oil and Gas | -1.55% | |
| Oil and Gas Exploration and Production | 1.81% | |
| Coal and Fuels | -1.03% | |
| Oil and Gas Refining and Marketing | -1.62% | |
| Integrated Oil and Gas | -1.76% | |
| Oil and Gas Storage and Transportation | -3.36% | |
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 16.8x.
- Analysts are expecting annual earnings growth of 12.5%, which is lower than the prior year's growth of 20.9% per year.
- Investors are most pessimistic about the Integrated Oil and Gas industry, which is trading below its 3-year average of 7.9x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 12% over the next 5 years.
- However this is lower than its past earnings growth rate of 21% per year.
- In contrast, the Oil and Gas Exploration and Production industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|
| BPCL Bharat Petroleum | ₹319.25 | 2.7% +₹35.8b | 3.6% | PE8.1x | |
| IOC Indian Oil | ₹137.10 | 0.9% +₹16.5b | 0.4% | PE5.6x | |
| OIL Oil India | ₹482.85 | 1.7% +₹12.8b | 23.7% | PE9.4x | |
| VOGL Vedanta Oil and Gas | ₹40.32 | 5.0% +₹7.5b | n/a | PS77.3x | |
| 500620 Great Eastern Shipping | ₹1.34k | 2.1% +₹4.0b | 44.3% | PE5.1x |
