Earnings Miss: Hindustan Petroleum Corporation Limited Missed EPS By 62% And Analysts Are Revising Their Forecasts
Aug 01
Indian (NIFTY) Oil and Gas Industry Analysis
UpdatedAug 01, 2024
DataAggregated Company Financials
Companies28
- 7D2.8%
- 3M7.0%
- 1Y46.3%
- YTD29.2%
Over the last 7 days, the Oil and Gas industry has risen 2.8%, and Oil and Natural Gas contributed the most with a gain of 4.6%. Meanwhile, Aegis Logistics actually underperformed within the industry, shrinking 5.2% in the last week. This takes the industry's 12 month performance to a gain of 46%. As for the next few years, earnings are expected to grow by 8.5% per annum.
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 |
|---|---|---|---|---|---|---|
| Thu, 01 Aug 2024 | ₹35.4t | ₹36.3t | ₹2.4t | 15.9x | 15.1x | 1x |
| Sat, 29 Jun 2024 | ₹34.4t | ₹36.0t | ₹2.6t | 13.8x | 13.1x | 1x |
| Mon, 27 May 2024 | ₹33.6t | ₹36.0t | ₹2.6t | 13.6x | 12.8x | 0.9x |
| Wed, 24 Apr 2024 | ₹31.2t | ₹35.8t | ₹2.6t | 13.4x | 12.2x | 0.9x |
| Fri, 22 Mar 2024 | ₹30.7t | ₹35.3t | ₹2.6t | 11.1x | 12x | 0.9x |
| Sun, 18 Feb 2024 | ₹31.9t | ₹35.3t | ₹2.6t | 13.2x | 12.5x | 0.9x |
| Tue, 16 Jan 2024 | ₹28.3t | ₹35.3t | ₹2.4t | 10.1x | 11.6x | 0.8x |
| Thu, 14 Dec 2023 | ₹24.7t | ₹35.3t | ₹2.4t | 9.5x | 10.1x | 0.7x |
| Sat, 11 Nov 2023 | ₹23.2t | ₹35.5t | ₹2.4t | 9.8x | 9.8x | 0.7x |
| Mon, 09 Oct 2023 | ₹22.5t | ₹36.2t | ₹2.0t | 11.3x | 11.3x | 0.6x |
| Wed, 06 Sep 2023 | ₹23.0t | ₹36.2t | ₹2.0t | 10.9x | 11.5x | 0.6x |
| Fri, 04 Aug 2023 | ₹23.1t | ₹36.9t | ₹2.0t | 11.1x | 11.5x | 0.6x |
| Sun, 02 Jul 2023 | ₹23.3t | ₹37.5t | ₹1.6t | 12.8x | 14.7x | 0.6x |
| Tue, 30 May 2023 | ₹23.1t | ₹37.6t | ₹1.6t | 11.8x | 14.6x | 0.6x |
| Thu, 27 Apr 2023 | ₹21.8t | ₹36.5t | ₹1.6t | 10.6x | 13.8x | 0.6x |
| Sat, 25 Mar 2023 | ₹20.4t | ₹36.4t | ₹1.5t | 10.6x | 13.2x | 0.6x |
| Mon, 20 Feb 2023 | ₹22.1t | ₹36.5t | ₹1.5t | 10.2x | 14.3x | 0.6x |
| Wed, 18 Jan 2023 | ₹22.2t | ₹34.8t | ₹1.6t | 10.3x | 14.1x | 0.6x |
| Fri, 16 Dec 2022 | ₹22.9t | ₹34.8t | ₹1.6t | 11.4x | 14.6x | 0.7x |
| Sun, 13 Nov 2022 | ₹23.0t | ₹34.4t | ₹1.7t | 11.4x | 13.8x | 0.7x |
| Tue, 11 Oct 2022 | ₹21.3t | ₹32.0t | ₹1.8t | 17.9x | 11.9x | 0.7x |
| Thu, 08 Sep 2022 | ₹22.7t | ₹32.0t | ₹1.8t | 17x | 12.7x | 0.7x |
| Sat, 06 Aug 2022 | ₹22.2t | ₹30.5t | ₹1.9t | 11.7x | 12x | 0.7x |
| Mon, 04 Jul 2022 | ₹21.1t | ₹28.2t | ₹1.8t | 11.8x | 11.7x | 0.8x |
| Wed, 01 Jun 2022 | ₹23.0t | ₹28.3t | ₹1.8t | 12x | 12.7x | 0.8x |
| Fri, 29 Apr 2022 | ₹25.7t | ₹25.3t | ₹1.8t | 21x | 14.4x | 1x |
| Sun, 27 Mar 2022 | ₹24.1t | ₹25.3t | ₹1.8t | 24.1x | 13.5x | 1x |
| Tue, 22 Feb 2022 | ₹21.5t | ₹25.3t | ₹1.8t | 20.4x | 12.1x | 0.8x |
| Thu, 20 Jan 2022 | ₹22.6t | ₹22.7t | ₹1.6t | 23.1x | 13.9x | 1x |
| Sat, 18 Dec 2021 | ₹20.6t | ₹22.6t | ₹1.6t | 15.5x | 12.7x | 0.9x |
| Mon, 15 Nov 2021 | ₹23.0t | ₹22.8t | ₹1.5t | 17.5x | 15.5x | 1x |
| Wed, 13 Oct 2021 | ₹23.8t | ₹20.9t | ₹1.4t | 18.4x | 17.1x | 1.1x |
| Fri, 10 Sep 2021 | ₹21.2t | ₹20.9t | ₹1.4t | 15.4x | 15.2x | 1x |
| Sun, 08 Aug 2021 | ₹18.8t | ₹20.9t | ₹1.4t | 17.5x | 13.6x | 0.9x |
Price to Earnings Ratio
13.6x
Current Industry PE
- Investors are optimistic on the Indian Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 15.1x which is higher than its 3-year average PE 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 19% per year over the last three years.
- Revenues for these companies have grown 20% 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 | 2.84% | |
| Energy | 2.86% | |
| Oil and Gas | 2.84% | |
| Oil and Gas Exploration and Production | 6.26% | |
| Coal and Fuels | 5.42% | |
| Integrated Oil and Gas | 4.58% | |
| Oil and Gas Refining and Marketing | 2.16% | |
| Oil and Gas Storage and Transportation | 1.83% | |
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 18.4x.
- Analysts are expecting annual earnings growth of 10.8%, which is lower than the prior year's growth of 18.5% 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 5.7x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 11% over the next 5 years.
- However this is lower than its past earnings growth rate of 18% per year.
- 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 | |
|---|---|---|---|---|---|
| ONGC Oil and Natural Gas | ₹334.20 | 4.6% +₹184.3b | 89.9% | PE8.5x | |
| IOC Indian Oil | ₹181.67 | 7.6% +₹177.4b | 93.6% | PE8.1x | |
| COALINDIA Coal India | ₹522.20 | 5.8% +₹175.0b | 122.6% | PE8.6x | |
| BPCL Bharat Petroleum | ₹350.05 | 11.1% +₹152.3b | 89.7% | PE8x | |
| RELIANCE Reliance Industries | ₹3.01k | 0.7% +₹131.6b | 21.1% | PE29.6x |
