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Indian (NIFTY) Industrial Gases Industry Analysis

UpdatedMar 25, 2026
DataAggregated Company Financials
Companies5
  • 7D1.0%
  • 3M17.7%
  • 1Y17.5%
  • YTDn/a

The Industrial Gases industry is up 1.0% in the last week, with Linde India up 1.8%. In the same time, Stallion India Fluorochemicals was down 6.5%. This means that the industry has gained 17% over the past year. Earnings are forecast to grow by 20% annually.

Industry Valuation and Performance

Has the Indian Industrial Gases Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Mar 2026₹672.7b₹33.2b₹7.4b42.5x91.4x20.3x
Fri, 20 Feb 2026₹625.1b₹33.2b₹7.4b49.3x84.9x18.8x
Sun, 18 Jan 2026₹576.4b₹31.9b₹6.5b71.1x88.6x18.1x
Tue, 16 Dec 2025₹591.5b₹31.9b₹6.5b77.6x90.9x18.5x
Thu, 13 Nov 2025₹577.1b₹32.0b₹6.5b54.3x88.5x18x
Sat, 11 Oct 2025₹616.5b₹31.9b₹5.7b72.1x108.2x19.4x
Mon, 08 Sep 2025₹637.0b₹31.9b₹5.7b64.9x112.1x20x
Wed, 06 Aug 2025₹650.8b₹32.1b₹5.7b65.7x114.2x20.2x
Fri, 04 Jul 2025₹650.8b₹31.8b₹5.7b97.5x114.5x20.5x
Sun, 01 Jun 2025₹646.9b₹28.7b₹4.8b79.9x133.4x22.6x
Tue, 29 Apr 2025₹555.4b₹28.2b₹4.6b73.7x119.9x19.7x
Thu, 27 Mar 2025₹545.9b₹28.2b₹4.6b71.2x117.8x19.3x
Sat, 22 Feb 2025₹532.0b₹28.2b₹4.6b71.7x114.8x18.8x
Mon, 20 Jan 2025₹495.7b₹26.2b₹4.4b111.1x111.9x18.9x
Wed, 18 Dec 2024₹565.5b₹26.2b₹4.4b126.9x127.6x21.5x
Fri, 15 Nov 2024₹570.9b₹26.2b₹4.5b70.4x127.8x21.8x
Sun, 13 Oct 2024₹694.9b₹27.0b₹4.5b83.1x154.7x25.7x
Tue, 10 Sep 2024₹628.8b₹27.0b₹4.5b75.8x140x23.3x
Thu, 08 Aug 2024₹666.4b₹27.0b₹4.5b87.2x148.6x24.7x
Sat, 06 Jul 2024₹768.9b₹27.7b₹4.3b102x177x27.8x
Mon, 03 Jun 2024₹741.1b₹28.5b₹4.4b88.8x170.2x26x
Wed, 01 May 2024₹704.0b₹27.7b₹4.3b86.2x164x25.4x
Fri, 29 Mar 2024₹546.6b₹27.7b₹4.3b67.4x127.3x19.7x
Sun, 25 Feb 2024₹473.6b₹28.1b₹4.3b7.7x109.9x16.9x
Tue, 23 Jan 2024₹493.0b₹28.0b₹4.2b10.4x117.3x17.6x
Thu, 21 Dec 2023₹471.8b₹28.0b₹4.2b8.5x112.3x16.9x
Sat, 18 Nov 2023₹518.8b₹28.0b₹4.2b7.3x123.6x18.5x
Mon, 16 Oct 2023₹549.6b₹27.7b₹4.0b68.8x138.1x19.8x
Wed, 13 Sep 2023₹516.5b₹27.7b₹4.0b64.7x129.8x18.6x
Fri, 11 Aug 2023₹422.9b₹27.7b₹4.0b53x106.2x15.3x
Sun, 09 Jul 2023₹370.7b₹26.4b₹4.7b39.4x78.8x14.1x
Tue, 06 Jun 2023₹340.3b₹26.4b₹4.7b36.2x72.3x12.9x
Thu, 04 May 2023₹343.5b₹24.9b₹3.9b43.4x87.1x13.8x
Sat, 01 Apr 2023₹343.9b₹24.9b₹3.9b43.5x87.2x13.8x
Price to Earnings Ratio

87.2x


Total Market Cap: ₹343.9bTotal Earnings: ₹3.9bTotal Revenue: ₹24.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Industrial Gases Industry Price to Earnings3Y Average 117.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Indian Industrial Gases 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 91.4x which is lower than its 3-year average PE of 118x.
  • The industry is trading close to its 3-year average PS ratio of 19.6x.
Past Earnings Growth
  • The earnings for companies in the Industrial Gases industry have grown 23% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Indian Industrial Gases compare with similar industries?

IN Market-2.47%
Materials-3.41%
Chemicals-1.98%
Industrial Gases1.01%
Specialty Chemicals-0.19%
Diversified Chemicals-1.45%
Fertilizers and Agricultural Chemicals-2.23%
Commodity Chemicals-4.65%
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
523457 Linde India₹7.34k1.8%
+₹11.1b
19.4%PE106.2x
ELLEN Ellenbarrie Industrial Gases₹213.081.9%
+₹562.3m
n/aPE30.1x

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