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Indian (NIFTY) Industrial Gases Industry Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies5
  • 7D0.3%
  • 3M-3.1%
  • 1Y-1.0%
  • YTDn/a

In the last week, the Industrial Gases industry is up 1.5%, with Linde India up 0.9%. During this same period, the Ellenbarrie Industrial Gases underperformed, falling 6.1%. However, the industry is down 3.7% over the past year. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026₹566.5b₹32.2b₹6.6b68.3x86x17.6x
Mon, 05 Jan 2026₹577.5b₹31.9b₹6.5b75.4x88.8x18.1x
Wed, 03 Dec 2025₹563.6b₹31.9b₹6.5b76.8x86.6x17.7x
Fri, 31 Oct 2025₹606.3b₹32.2b₹5.8b63.7x104.4x18.8x
Sun, 28 Sep 2025₹624.2b₹31.9b₹5.7b63.4x109.9x19.6x
Tue, 26 Aug 2025₹623.5b₹31.9b₹5.7b60.5x109.8x19.6x
Thu, 24 Jul 2025₹651.3b₹32.1b₹5.7b62.6x114.3x20.3x
Sat, 21 Jun 2025₹562.9b₹28.7b₹4.8b70.3x116.1x19.6x
Mon, 19 May 2025₹619.2b₹28.2b₹4.6b82x133.7x21.9x
Wed, 16 Apr 2025₹527.2b₹28.2b₹4.6b71.4x113.8x18.7x
Fri, 14 Mar 2025₹520.1b₹28.2b₹4.6b71.3x112.3x18.4x
Sun, 09 Feb 2025₹535.7b₹28.0b₹4.7b74.1x115.2x19.1x
Tue, 07 Jan 2025₹564.5b₹26.2b₹4.4b126.6x127.4x21.5x
Thu, 05 Dec 2024₹587.6b₹26.2b₹4.4b131.8x132.6x22.4x
Sat, 02 Nov 2024₹669.1b₹27.0b₹4.5b79.7x149x24.8x
Mon, 30 Sep 2024₹719.8b₹27.0b₹4.5b86.1x160.3x26.6x
Wed, 28 Aug 2024₹621.1b₹27.0b₹4.5b74.4x138.3x23x
Fri, 26 Jul 2024₹687.3b₹27.7b₹4.3b92.1x158.2x24.8x
Sun, 23 Jun 2024₹713.0b₹27.7b₹4.3b94.9x164.1x25.7x
Tue, 21 May 2024₹808.0b₹27.7b₹4.3b98.3x188.2x29.2x
Thu, 18 Apr 2024₹589.3b₹27.7b₹4.3b72.5x137.2x21.3x
Sat, 16 Mar 2024₹549.1b₹28.1b₹4.3b7.4x127.5x19.6x
Mon, 12 Feb 2024₹478.8b₹28.1b₹4.3b10x111.2x17.1x
Wed, 10 Jan 2024₹474.4b₹28.0b₹4.2b12.3x112.9x17x
Fri, 08 Dec 2023₹502.3b₹27.9b₹4.2b7.2x119.7x18x
Sun, 05 Nov 2023₹521.3b₹27.7b₹4.0b65.3x131x18.8x
Tue, 03 Oct 2023₹508.1b₹27.7b₹4.0b63.6x127.7x18.3x
Thu, 31 Aug 2023₹515.7b₹27.7b₹4.0b64.6x129.6x18.6x
Sat, 29 Jul 2023₹403.3b₹26.4b₹4.7b42.8x85.7x15.3x
Mon, 26 Jun 2023₹373.1b₹26.4b₹4.7b39.6x79.3x14.2x
Wed, 24 May 2023₹330.4b₹24.9b₹3.9b41.8x83.7x13.3x
Fri, 21 Apr 2023₹346.8b₹24.9b₹3.9b43.8x87.9x13.9x
Sun, 19 Mar 2023₹322.1b₹24.9b₹3.9b40.7x81.6x12.9x
Tue, 14 Feb 2023₹295.7b₹24.9b₹3.9b37.4x74.9x11.9x
Price to Earnings Ratio

74.9x


Total Market Cap: ₹295.7bTotal Earnings: ₹3.9bTotal Revenue: ₹24.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Indian Industrial Gases Industry Price to Earnings3Y Average 117.7x202420252026
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 85.1x which is lower than its 3-year average PE of 118x.
  • The 3-year average PS ratio of 19.3x is higher than the industry's current PS ratio of 17.4x.
Past Earnings Growth
  • The earnings for companies in the Industrial Gases industry have grown 19% per year over the last three years.
  • Revenues for these companies have grown 9.0% 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 Market1.60%
Materials0.67%
Chemicals0.80%
Industrial Gases0.28%
Diversified Chemicals3.06%
Specialty Chemicals1.62%
Commodity Chemicals-0.28%
Fertilizers and Agricultural Chemicals-0.64%
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₹6.05k0.9%
+₹4.7b
-2.2%PE100.6x
544308 Hilltone Software and Gases₹56.551.0%
+₹6.0m
16.1%n/a
509449 Bhagawati Oxygen₹43.451.0%
+₹1.0m
-11.0%PE68.3x