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Indian (NIFTY) Industrial Gases Industry Analysis
UpdatedAug 14, 2025
DataAggregated Company Financials
Companies6
- 7D-3.9%
- 3M-12.1%
- 1Y-13.1%
- YTDn/a
Over the last 7 days, the Industrial Gases industry has dropped 3.9%, driven by a pullback from Linde India of 5.1%. However, the industry is down 13% over the past year. Earnings are forecast to grow by 28% annually.
Industry Valuation and Performance
Has the Indian Industrial Gases Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 15 Aug 2025 | ₹614.1b | ₹31.9b | ₹5.7b | 57.6x | 108.1x | 19.3x |
| Sun, 13 Jul 2025 | ₹672.2b | ₹31.8b | ₹5.7b | 102.3x | 118.3x | 21.1x |
| Tue, 10 Jun 2025 | ₹644.5b | ₹28.7b | ₹4.8b | 79.5x | 132.9x | 22.5x |
| Thu, 08 May 2025 | ₹533.1b | ₹28.2b | ₹4.6b | 71x | 115.1x | 18.9x |
| Sat, 05 Apr 2025 | ₹504.7b | ₹28.2b | ₹4.6b | 68.9x | 108.9x | 17.9x |
| Mon, 03 Mar 2025 | ₹510.1b | ₹28.2b | ₹4.6b | 67.9x | 110.1x | 18.1x |
| Wed, 29 Jan 2025 | ₹490.9b | ₹29.1b | ₹4.7b | 70.6x | 104.7x | 16.9x |
| Fri, 27 Dec 2024 | ₹527.7b | ₹26.2b | ₹4.4b | 118.4x | 119.1x | 20.1x |
| Sun, 24 Nov 2024 | ₹555.2b | ₹26.2b | ₹4.4b | 124.6x | 125.3x | 21.2x |
| Tue, 22 Oct 2024 | ₹697.2b | ₹27.0b | ₹4.5b | 83x | 155.2x | 25.8x |
| Thu, 19 Sep 2024 | ₹706.7b | ₹27.0b | ₹4.5b | 84.6x | 157.4x | 26.2x |
| Sat, 17 Aug 2024 | ₹614.2b | ₹27.0b | ₹4.5b | 73.6x | 136.8x | 22.7x |
| Mon, 15 Jul 2024 | ₹735.2b | ₹27.7b | ₹4.3b | 97.8x | 169.2x | 26.5x |
| Wed, 12 Jun 2024 | ₹720.0b | ₹27.8b | ₹4.3b | 101.5x | 165.7x | 25.9x |
| Fri, 10 May 2024 | ₹646.6b | ₹27.7b | ₹4.3b | 79.2x | 150.6x | 23.3x |
| Sun, 07 Apr 2024 | ₹578.4b | ₹27.7b | ₹4.3b | 71.6x | 134.7x | 20.9x |
| Tue, 05 Mar 2024 | ₹463.3b | ₹28.1b | ₹4.3b | 7.4x | 107.6x | 16.5x |
| Thu, 01 Feb 2024 | ₹476.9b | ₹28.0b | ₹4.2b | 10.5x | 113.5x | 17.1x |
| Sat, 30 Dec 2023 | ₹480.9b | ₹28.0b | ₹4.2b | 11.4x | 114.5x | 17.2x |
| Mon, 27 Nov 2023 | ₹506.6b | ₹27.9b | ₹4.2b | 7.4x | 120.7x | 18.1x |
| Wed, 25 Oct 2023 | ₹523.6b | ₹27.7b | ₹4.0b | 65.5x | 131.6x | 18.9x |
| Fri, 22 Sep 2023 | ₹508.1b | ₹27.7b | ₹4.0b | 63.6x | 127.7x | 18.3x |
| Sun, 20 Aug 2023 | ₹426.5b | ₹27.7b | ₹4.0b | 53.4x | 107.2x | 15.4x |
| Tue, 18 Jul 2023 | ₹375.3b | ₹26.4b | ₹4.7b | 39.9x | 79.8x | 14.2x |
| Thu, 15 Jun 2023 | ₹392.1b | ₹26.4b | ₹4.7b | 41.6x | 83.4x | 14.9x |
| Sat, 13 May 2023 | ₹337.6b | ₹24.9b | ₹3.9b | 42.7x | 85.5x | 13.6x |
| Mon, 10 Apr 2023 | ₹353.6b | ₹24.9b | ₹3.9b | 44.7x | 89.6x | 14.2x |
| Wed, 08 Mar 2023 | ₹317.5b | ₹24.9b | ₹3.9b | 40.1x | 80.5x | 12.8x |
| Fri, 03 Feb 2023 | ₹285.9b | ₹24.9b | ₹3.9b | 36.2x | 72.5x | 11.5x |
| Sun, 01 Jan 2023 | ₹292.5b | ₹24.9b | ₹3.9b | 37.1x | 74.1x | 11.8x |
| Tue, 29 Nov 2022 | ₹260.3b | ₹24.9b | ₹3.9b | 33x | 66x | 10.5x |
| Thu, 27 Oct 2022 | ₹260.6b | ₹23.1b | ₹3.7b | 35.4x | 70.9x | 11.3x |
| Sat, 24 Sep 2022 | ₹290.8b | ₹23.1b | ₹3.7b | 39.5x | 79.1x | 12.6x |
| Mon, 22 Aug 2022 | ₹279.0b | ₹22.7b | ₹3.7b | 75.5x | 76.1x | 12.3x |
Price to Earnings Ratio
76.1x
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 108x which is lower than its 3-year average PE of 114x.
- The industry is trading close to its 3-year average PS ratio of 18.8x.
Past Earnings Growth
- The earnings for companies in the Industrial Gases industry have grown 16% per year over the last three years.
- Revenues for these companies have grown 12% 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 | 0.058% | |
| Materials | -0.77% | |
| Chemicals | -1.96% | |
| Industrial Gases | -3.86% | |
| Commodity Chemicals | -0.43% | |
| Diversified Chemicals | -1.24% | |
| Specialty Chemicals | -1.61% | |
| Fertilizers and Agricultural Chemicals | -4.25% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| STALLION Stallion India Fluorochemicals | ₹133.09 | 3.8% +₹388.7m | n/a | PE30.8x |