Narrative Update • Jul 21
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- 7D1.4%
- 3M-3.3%
- 1Y-3.4%
- YTD-10.8%
Over the last 7 days, the Oil and Gas industry has risen 1.4%, driven by gains from Oil and Natural Gas of 1.9%. In contrast, the industry has lost 3.4% in the last 12 months. Earnings are forecast to grow by 7.5% 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, 22 Jul 2026 | ₹30.8t | ₹39.2t | ₹2.6t | 18.1x | 12.1x | 0.8x |
| Fri, 19 Jun 2026 | ₹31.2t | ₹38.3t | ₹2.6t | 18.7x | 12x | 0.8x |
| Sun, 17 May 2026 | ₹31.5t | ₹38.0t | ₹2.5t | 20.4x | 12.6x | 0.8x |
| Tue, 14 Apr 2026 | ₹30.9t | ₹37.2t | ₹2.5t | 19.7x | 12.6x | 0.8x |
| Thu, 12 Mar 2026 | ₹32.3t | ₹37.2t | ₹2.5t | 18.4x | 13.2x | 0.9x |
| Sat, 07 Feb 2026 | ₹33.7t | ₹37.3t | ₹2.5t | 19.7x | 13.7x | 0.9x |
| Mon, 05 Jan 2026 | ₹35.0t | ₹36.7t | ₹2.3t | 21.3x | 15.4x | 1x |
| Wed, 03 Dec 2025 | ₹33.9t | ₹36.7t | ₹2.3t | 21.6x | 14.9x | 0.9x |
| Fri, 31 Oct 2025 | ₹33.4t | ₹36.8t | ₹2.2t | 20.9x | 15x | 0.9x |
| Sun, 28 Sep 2025 | ₹31.0t | ₹36.4t | ₹2.1t | 17.8x | 14.8x | 0.9x |
| Tue, 26 Aug 2025 | ₹31.1t | ₹36.4t | ₹2.1t | 18.9x | 14.9x | 0.9x |
| Thu, 24 Jul 2025 | ₹30.7t | ₹36.5t | ₹2.0t | 19.8x | 15.3x | 0.8x |
| Sat, 21 Jun 2025 | ₹30.8t | ₹36.5t | ₹1.9t | 18.1x | 16.2x | 0.8x |
| Mon, 19 May 2025 | ₹30.6t | ₹35.9t | ₹1.9t | 16.9x | 15.8x | 0.9x |
| Wed, 16 Apr 2025 | ₹27.0t | ₹35.8t | ₹1.9t | 17.2x | 14.2x | 0.8x |
| Fri, 14 Mar 2025 | ₹26.5t | ₹35.8t | ₹1.9t | 16.3x | 14x | 0.7x |
| Sun, 09 Feb 2025 | ₹26.1t | ₹31.4t | ₹1.8t | 20.6x | 14.8x | 0.8x |
| Tue, 07 Jan 2025 | ₹27.2t | ₹35.9t | ₹2.0t | 21.3x | 13.7x | 0.8x |
| Thu, 05 Dec 2024 | ₹28.9t | ₹35.9t | ₹2.0t | 21.5x | 14.6x | 0.8x |
| Sat, 02 Nov 2024 | ₹29.8t | ₹36.3t | ₹2.0t | 19.3x | 14.8x | 0.8x |
| Mon, 30 Sep 2024 | ₹35.2t | ₹36.3t | ₹2.3t | 19.6x | 15.2x | 1x |
| Wed, 28 Aug 2024 | ₹35.4t | ₹36.3t | ₹2.3t | 18.6x | 15.3x | 1x |
| Fri, 26 Jul 2024 | ₹34.9t | ₹36.2t | ₹2.5t | 15.3x | 13.8x | 1x |
| Sun, 23 Jun 2024 | ₹32.9t | ₹36.0t | ₹2.6t | 13.6x | 12.5x | 0.9x |
| Tue, 21 May 2024 | ₹32.5t | ₹35.4t | ₹2.5t | 13.7x | 12.8x | 0.9x |
| Thu, 18 Apr 2024 | ₹31.5t | ₹35.3t | ₹2.6t | 13.2x | 12.3x | 0.9x |
| Sat, 16 Mar 2024 | ₹30.0t | ₹35.3t | ₹2.6t | 11.3x | 11.7x | 0.9x |
| Mon, 12 Feb 2024 | ₹31.3t | ₹35.3t | ₹2.5t | 10.8x | 12.3x | 0.9x |
| Wed, 10 Jan 2024 | ₹26.6t | ₹35.3t | ₹2.4t | 9.9x | 10.9x | 0.8x |
| Fri, 08 Dec 2023 | ₹25.0t | ₹35.3t | ₹2.4t | 9.5x | 10.3x | 0.7x |
| Sun, 05 Nov 2023 | ₹22.9t | ₹35.6t | ₹2.3t | 10.3x | 9.9x | 0.6x |
| Tue, 03 Oct 2023 | ₹22.9t | ₹36.2t | ₹2.0t | 11.6x | 11.4x | 0.6x |
| Thu, 31 Aug 2023 | ₹22.7t | ₹36.2t | ₹2.0t | 10.7x | 11.3x | 0.6x |
| Sat, 29 Jul 2023 | ₹23.4t | ₹37.3t | ₹1.7t | 12.3x | 13.6x | 0.6x |
Price to Earnings Ratio
13.6x
Current Industry PE
- Investors are pessimistic on the Indian Oil and Gas 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 12.1x which is lower than its 3-year average PE of 13.4x.
- 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 14% 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 Trends
Which industries have driven the changes within the Indian Energy industry?
| IN Market | 0.77% | |
| Energy | 1.43% | |
| Oil and Gas | 1.45% | |
| Oil and Gas Storage and Transportation | 2.59% | |
| Oil and Gas Refining and Marketing | 1.78% | |
| Integrated Oil and Gas | 0.40% | |
| Coal and Fuels | 0.083% | |
| Oil and Gas Exploration and Production | -0.48% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 13.7x.
- Analysts are expecting annual earnings growth of 15.1%, which is lower than the prior year's growth of 26.6% per year.
- Investors are most pessimistic about the Integrated Oil and Gas industry, which is trading close to its 3-year average of 7.8x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 15% over the next 5 years.
- However this is lower than its past earnings growth rate of 27% per year.
- In contrast, the Coal and Fuels industry is expected to see its earnings grow by 4.9% 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 | |
|---|---|---|---|---|---|
| ONGC Oil and Natural Gas | ₹251.90 | 1.9% +₹59.4b | 2.6% | PE7.7x | |
| 500109 Mangalore Refinery and Petrochemicals | ₹174.65 | 10.7% +₹29.7b | 12.2% | PE9.7x | |
| IOC Indian Oil | ₹142.03 | 1.3% +₹24.7b | -6.8% | PE4.6x | |
| OIL Oil India | ₹451.15 | 3.2% +₹22.7b | -0.5% | PE11.1x | |
| 500110 Chennai Petroleum | ₹1.31k | 13.0% +₹22.4b | 68.2% | PE6.3x |
