There May Be Reason For Hope In Oil India's (NSE:OIL) Disappointing Earnings
May 27
Indian (NIFTY) Oil and Gas Industry Analysis
UpdatedJun 01, 2024
DataAggregated Company Financials
Companies29
- 7D-3.6%
- 3M-2.0%
- 1Y37.6%
- YTD18.0%
Over the last 7 days, the Oil and Gas industry has dropped 3.6%, driven by Reliance Industries declining 3.4%. In contrast, Great Eastern Shipping has gained 6.7%. This takes the industry's 12 month performance to a gain of 38%. Earnings are forecast to grow by 4.6% 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, 01 Jun 2024 | ₹32.4t | ₹36.0t | ₹2.6t | 13.1x | 12.4x | 0.9x |
| Mon, 29 Apr 2024 | ₹31.6t | ₹35.5t | ₹2.6t | 13.6x | 12.4x | 0.9x |
| Wed, 27 Mar 2024 | ₹30.7t | ₹35.3t | ₹2.6t | 11.4x | 12x | 0.9x |
| Fri, 23 Feb 2024 | ₹31.8t | ₹35.3t | ₹2.6t | 12.1x | 12.5x | 0.9x |
| Sun, 21 Jan 2024 | ₹28.4t | ₹35.3t | ₹2.4t | 10.5x | 11.7x | 0.8x |
| Tue, 19 Dec 2023 | ₹25.4t | ₹35.3t | ₹2.4t | 9.5x | 10.4x | 0.7x |
| Thu, 16 Nov 2023 | ₹23.8t | ₹35.3t | ₹2.4t | 9.5x | 9.8x | 0.7x |
| Sat, 14 Oct 2023 | ₹23.0t | ₹36.2t | ₹2.0t | 11.9x | 11.5x | 0.6x |
| Mon, 11 Sep 2023 | ₹23.4t | ₹36.2t | ₹2.0t | 11.3x | 11.7x | 0.6x |
| Wed, 09 Aug 2023 | ₹23.2t | ₹36.4t | ₹2.0t | 12x | 11.6x | 0.6x |
| Fri, 07 Jul 2023 | ₹24.2t | ₹37.5t | ₹1.6t | 13.9x | 15.3x | 0.6x |
| Sun, 04 Jun 2023 | ₹22.5t | ₹37.5t | ₹1.6t | 11.9x | 14.2x | 0.6x |
| Tue, 02 May 2023 | ₹22.3t | ₹36.7t | ₹1.6t | 10.6x | 14.2x | 0.6x |
| Thu, 30 Mar 2023 | ₹20.6t | ₹36.4t | ₹1.5t | 10.6x | 13.4x | 0.6x |
| Sat, 25 Feb 2023 | ₹21.6t | ₹36.2t | ₹1.5t | 10.2x | 14x | 0.6x |
| Mon, 23 Jan 2023 | ₹22.2t | ₹34.9t | ₹1.6t | 10.3x | 14.1x | 0.6x |
| Wed, 21 Dec 2022 | ₹23.1t | ₹34.8t | ₹1.6t | 11.1x | 14.7x | 0.7x |
| Fri, 18 Nov 2022 | ₹22.7t | ₹34.8t | ₹1.6t | 11.5x | 14.4x | 0.7x |
| Sun, 16 Oct 2022 | ₹21.0t | ₹32.0t | ₹1.8t | 17.8x | 11.7x | 0.7x |
| Tue, 13 Sep 2022 | ₹22.8t | ₹32.0t | ₹1.8t | 17x | 12.7x | 0.7x |
| Thu, 11 Aug 2022 | ₹22.5t | ₹31.0t | ₹1.7t | 12.7x | 13.6x | 0.7x |
| Sat, 09 Jul 2022 | ₹20.9t | ₹28.2t | ₹1.8t | 11.8x | 11.6x | 0.7x |
| Mon, 06 Jun 2022 | ₹24.0t | ₹28.2t | ₹1.8t | 12.4x | 13.3x | 0.9x |
| Wed, 04 May 2022 | ₹25.3t | ₹25.4t | ₹1.8t | 20.8x | 14.1x | 1x |
| Fri, 01 Apr 2022 | ₹24.2t | ₹25.3t | ₹1.8t | 24.3x | 13.6x | 1x |
| Sun, 27 Feb 2022 | ₹20.5t | ₹25.3t | ₹1.8t | 17.4x | 11.5x | 0.8x |
| Tue, 25 Jan 2022 | ₹21.4t | ₹23.4t | ₹1.7t | 20.6x | 13x | 0.9x |
| Thu, 23 Dec 2021 | ₹20.7t | ₹22.7t | ₹1.6t | 20.7x | 12.7x | 0.9x |
| Sat, 20 Nov 2021 | ₹22.0t | ₹22.6t | ₹1.6t | 16.1x | 13.5x | 1x |
| Mon, 18 Oct 2021 | ₹23.9t | ₹20.9t | ₹1.4t | 15.8x | 17.1x | 1.1x |
| Wed, 15 Sep 2021 | ₹21.1t | ₹20.9t | ₹1.4t | 16x | 15.1x | 1x |
| Fri, 13 Aug 2021 | ₹19.1t | ₹20.9t | ₹1.4t | 15.9x | 13.8x | 0.9x |
| Tue, 08 Jun 2021 | ₹19.4t | ₹18.0t | ₹1.3t | 12.3x | 15.2x | 1.1x |
Price to Earnings Ratio
15.2x
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 13.0x.
- The industry is trading close to its 3-year average PS ratio of 0.78x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 27% per year over the last three years.
- Revenues for these companies have grown 26% 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 | -1.89% | |
| Energy | -3.61% | |
| Oil and Gas | -3.58% | |
| Oil and Gas Storage and Transportation | -0.49% | |
| Coal and Fuels | -2.04% | |
| Oil and Gas Refining and Marketing | -3.45% | |
| Oil and Gas Exploration and Production | -3.91% | |
| Integrated Oil and Gas | -6.67% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry even though it's trading below its 3-year average PE ratio of 18.5x.
- Analysts are expecting annual earnings growth of 5.5%, which is lower than the prior year's growth of 22.7% per year.
- Investors are most pessimistic about the Integrated Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 5.6x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Exploration and Production industry, expecting annual earnings growth of 11% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Coal and Fuels 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 | |
|---|---|---|---|---|---|
| 500620 Great Eastern Shipping | ₹1.08k | 6.7% +₹9.7b | 56.5% | PE5.9x | |
| 500186 Hindustan Oil Exploration | ₹191.50 | 0.3% +₹86.0m | 2.8% | PE11.2x | |
| 524675 Kabsons Industries | ₹22.97 | 20.0% +₹66.9m | 128.1% | PE15.4x | |
| 543805 ResGen | ₹81.67 | 2.1% +₹35.0m | 73.8% | PE36.3x | |
| 533289 Kesar Terminals & Infrastructure | ₹80.83 | 1.3% +₹11.5m | 79.7% | PS2.8x |
