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Indian (NIFTY) Industrial Gases Industry Analysis
UpdatedSep 29, 2025
DataAggregated Company Financials
Companies6
- 7D-1.0%
- 3M-3.4%
- 1Y-25.2%
- YTDn/a
Over the last 7 days, the Industrial Gases industry has remained flat, although notably Ellenbarrie Industrial Gases declined by 7.6%. As for the longer term, the industry has declined 25% in the last year. As for the next few years, earnings are expected to grow by 29% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 29 Sep 2025 | ₹624.2b | ₹31.9b | ₹5.7b | 63.4x | 109.9x | 19.6x |
| Wed, 27 Aug 2025 | ₹634.7b | ₹31.9b | ₹5.7b | 60.6x | 111.8x | 19.9x |
| Fri, 25 Jul 2025 | ₹651.8b | ₹32.1b | ₹5.7b | 61.2x | 114.4x | 20.3x |
| Sun, 22 Jun 2025 | ₹562.9b | ₹28.7b | ₹4.8b | 70.3x | 116.1x | 19.6x |
| Tue, 20 May 2025 | ₹630.3b | ₹28.2b | ₹4.6b | 83.9x | 136.1x | 22.3x |
| Thu, 17 Apr 2025 | ₹537.5b | ₹28.2b | ₹4.6b | 72.5x | 116x | 19x |
| Sat, 15 Mar 2025 | ₹520.1b | ₹28.2b | ₹4.6b | 71.3x | 112.3x | 18.4x |
| Mon, 10 Feb 2025 | ₹535.7b | ₹28.1b | ₹4.7b | 74.1x | 115.2x | 19.1x |
| Wed, 08 Jan 2025 | ₹554.4b | ₹26.2b | ₹4.4b | 124.3x | 125.2x | 21.1x |
| Fri, 06 Dec 2024 | ₹583.5b | ₹26.2b | ₹4.4b | 130.9x | 131.7x | 22.2x |
| Sun, 03 Nov 2024 | ₹669.1b | ₹27.0b | ₹4.5b | 79.7x | 149x | 24.8x |
| Tue, 01 Oct 2024 | ₹723.1b | ₹27.0b | ₹4.5b | 86.3x | 161x | 26.8x |
| Thu, 29 Aug 2024 | ₹620.0b | ₹27.0b | ₹4.5b | 75.3x | 138.1x | 22.9x |
| Sat, 27 Jul 2024 | ₹677.1b | ₹27.7b | ₹4.3b | 90.9x | 155.8x | 24.5x |
| Mon, 24 Jun 2024 | ₹713.0b | ₹27.7b | ₹4.3b | 94.9x | 164.1x | 25.7x |
| Wed, 22 May 2024 | ₹826.4b | ₹27.7b | ₹4.3b | 100.4x | 192.5x | 29.8x |
| Fri, 19 Apr 2024 | ₹612.8b | ₹27.7b | ₹4.3b | 75.5x | 142.7x | 22.1x |
| Sun, 17 Mar 2024 | ₹549.1b | ₹28.1b | ₹4.3b | 7.4x | 127.5x | 19.6x |
| Tue, 13 Feb 2024 | ₹474.3b | ₹28.1b | ₹4.3b | 10x | 110.2x | 16.9x |
| Thu, 11 Jan 2024 | ₹473.2b | ₹28.0b | ₹4.2b | 11.7x | 112.6x | 16.9x |
| Sat, 09 Dec 2023 | ₹500.2b | ₹27.9b | ₹4.2b | 7.3x | 119.2x | 17.9x |
| Mon, 06 Nov 2023 | ₹521.3b | ₹27.7b | ₹4.0b | 65.3x | 131x | 18.8x |
| Wed, 04 Oct 2023 | ₹508.1b | ₹27.7b | ₹4.0b | 63.9x | 127.7x | 18.3x |
| Fri, 01 Sep 2023 | ₹535.7b | ₹27.7b | ₹4.0b | 67.1x | 134.6x | 19.3x |
| Sun, 30 Jul 2023 | ₹403.3b | ₹26.4b | ₹4.7b | 42.8x | 85.7x | 15.3x |
| Tue, 27 Jun 2023 | ₹373.6b | ₹26.4b | ₹4.7b | 39.7x | 79.4x | 14.2x |
| Thu, 25 May 2023 | ₹341.1b | ₹27.3b | ₹4.7b | 36.2x | 72.6x | 12.5x |
| Sat, 22 Apr 2023 | ₹333.0b | ₹24.9b | ₹3.9b | 42.1x | 84.4x | 13.4x |
| Mon, 20 Mar 2023 | ₹322.1b | ₹24.9b | ₹3.9b | 40.7x | 81.6x | 12.9x |
| Wed, 15 Feb 2023 | ₹297.5b | ₹24.9b | ₹3.9b | 37.6x | 75.4x | 12x |
| Fri, 13 Jan 2023 | ₹291.9b | ₹24.9b | ₹3.9b | 37x | 74x | 11.7x |
| Sun, 11 Dec 2022 | ₹277.2b | ₹24.9b | ₹3.9b | 35.1x | 70.3x | 11.1x |
| Tue, 08 Nov 2022 | ₹265.4b | ₹23.1b | ₹3.7b | 36x | 72.2x | 11.5x |
| Thu, 06 Oct 2022 | ₹285.3b | ₹23.1b | ₹3.7b | 38.8x | 77.7x | 12.3x |
Price to Earnings Ratio
77.7x
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 110x which is lower than its 3-year average PE of 115x.
- The industry is trading close to its 3-year average PS ratio of 19.2x.
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 11% 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 | -3.36% | |
| Materials | -3.18% | |
| Chemicals | -4.27% | |
| Industrial Gases | -0.96% | |
| Diversified Chemicals | -4.06% | |
| Specialty Chemicals | -4.27% | |
| Commodity Chemicals | -4.36% | |
| Fertilizers and Agricultural Chemicals | -4.76% | |
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 | ₹202.05 | 2.8% +₹429.1m | n/a | PE46.8x | |
| 544308 Hilltone Software and Gases | ₹82.46 | 22.7% +₹167.0m | n/a | n/a | |
| 509449 Bhagawati Oxygen | ₹47.00 | 0.3% +₹300.7k | -22.2% | PS10.1x |