Is Ellenbarrie Industrial Gases (NSE:ELLEN) A Risky Investment?
Nov 24
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Indian (NIFTY) Industrial Gases Industry Analysis
UpdatedDec 24, 2025
DataAggregated Company Financials
Companies5
- 7D-2.5%
- 3M-10.3%
- 1Y-5.9%
- YTDn/a
Over the last 7 days, the Industrial Gases industry has dropped 3.6%, driven by Linde India declining 3.8%. Meanwhile, Hilltone Software and Gases actually outperformed within the industry, gaining 7.5% in the last week. The industry has fallen 4.9% in the last 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 |
|---|---|---|---|---|---|---|
| Wed, 24 Dec 2025 | ₹567.3b | ₹31.9b | ₹6.5b | 75.2x | 87.2x | 17.8x |
| Fri, 21 Nov 2025 | ₹597.5b | ₹31.9b | ₹6.5b | 82.1x | 91.8x | 18.7x |
| Sun, 19 Oct 2025 | ₹621.0b | ₹32.2b | ₹5.8b | 72.5x | 107x | 19.3x |
| Tue, 16 Sep 2025 | ₹650.6b | ₹31.9b | ₹5.7b | 69x | 114.6x | 20.4x |
| Thu, 14 Aug 2025 | ₹614.1b | ₹31.9b | ₹5.7b | 57.6x | 108.1x | 19.3x |
| Sat, 12 Jul 2025 | ₹671.1b | ₹31.8b | ₹5.7b | 103.8x | 118.1x | 21.1x |
| Mon, 09 Jun 2025 | ₹641.9b | ₹28.7b | ₹4.8b | 79x | 132.4x | 22.4x |
| Wed, 07 May 2025 | ₹535.2b | ₹28.2b | ₹4.6b | 70.9x | 115.5x | 19x |
| Fri, 04 Apr 2025 | ₹532.6b | ₹28.2b | ₹4.6b | 71.8x | 115x | 18.9x |
| Sun, 02 Mar 2025 | ₹510.1b | ₹28.2b | ₹4.6b | 67.9x | 110.1x | 18.1x |
| Tue, 28 Jan 2025 | ₹492.3b | ₹29.1b | ₹4.7b | 71.5x | 105x | 16.9x |
| Thu, 26 Dec 2024 | ₹532.9b | ₹26.2b | ₹4.4b | 119.6x | 120.3x | 20.3x |
| Sat, 23 Nov 2024 | ₹555.2b | ₹26.2b | ₹4.5b | 67.2x | 124.3x | 21.2x |
| Mon, 21 Oct 2024 | ₹714.9b | ₹27.0b | ₹4.5b | 85x | 159.2x | 26.5x |
| Wed, 18 Sep 2024 | ₹689.5b | ₹27.0b | ₹4.5b | 82.7x | 153.5x | 25.5x |
| Fri, 16 Aug 2024 | ₹610.7b | ₹27.0b | ₹4.5b | 72.6x | 136x | 22.6x |
| Sun, 14 Jul 2024 | ₹735.2b | ₹27.7b | ₹4.3b | 97.8x | 169.2x | 26.5x |
| Tue, 11 Jun 2024 | ₹726.3b | ₹27.8b | ₹4.3b | 95.9x | 167.2x | 26.2x |
| Thu, 09 May 2024 | ₹654.6b | ₹27.7b | ₹4.3b | 80.4x | 152.4x | 23.6x |
| Sat, 06 Apr 2024 | ₹578.4b | ₹27.7b | ₹4.3b | 71.6x | 134.7x | 20.9x |
| Mon, 04 Mar 2024 | ₹470.7b | ₹28.1b | ₹4.3b | 7.7x | 109.3x | 16.8x |
| Wed, 31 Jan 2024 | ₹479.8b | ₹28.0b | ₹4.2b | 10.6x | 114.2x | 17.2x |
| Fri, 29 Dec 2023 | ₹488.0b | ₹28.0b | ₹4.2b | 10.8x | 116.2x | 17.4x |
| Sun, 26 Nov 2023 | ₹506.6b | ₹27.9b | ₹4.2b | 7.4x | 120.7x | 18.1x |
| Tue, 24 Oct 2023 | ₹523.6b | ₹27.7b | ₹4.0b | 65.5x | 131.6x | 18.9x |
| Thu, 21 Sep 2023 | ₹506.3b | ₹27.7b | ₹4.0b | 63.4x | 127.2x | 18.3x |
| Sat, 19 Aug 2023 | ₹426.5b | ₹27.7b | ₹4.0b | 53.4x | 107.2x | 15.4x |
| Mon, 17 Jul 2023 | ₹370.0b | ₹26.4b | ₹4.7b | 39.3x | 78.7x | 14x |
| Wed, 14 Jun 2023 | ₹375.4b | ₹26.4b | ₹4.7b | 39.9x | 79.8x | 14.2x |
| Fri, 12 May 2023 | ₹339.6b | ₹24.9b | ₹3.9b | 42.9x | 86.1x | 13.7x |
| Sun, 09 Apr 2023 | ₹353.6b | ₹24.9b | ₹3.9b | 44.7x | 89.6x | 14.2x |
| Tue, 07 Mar 2023 | ₹317.5b | ₹24.9b | ₹3.9b | 40.1x | 80.5x | 12.8x |
| Thu, 02 Feb 2023 | ₹286.5b | ₹24.9b | ₹3.9b | 36.2x | 72.6x | 11.5x |
| Sat, 31 Dec 2022 | ₹292.5b | ₹24.9b | ₹3.9b | 37.1x | 74.1x | 11.8x |
Price to Earnings Ratio
74.1x
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 87.7x which is lower than its 3-year average PE of 117x.
- The industry is trading close to its 3-year average PS ratio of 19.1x.
Past Earnings Growth
- The earnings for companies in the Industrial Gases industry have grown 18% per year over the last three years.
- Revenues for these companies have grown 8.6% 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 | 1.42% | |
| Materials | 1.87% | |
| Chemicals | 1.18% | |
| Industrial Gases | -2.53% | |
| Commodity Chemicals | 1.96% | |
| Fertilizers and Agricultural Chemicals | 1.70% | |
| Diversified Chemicals | 1.02% | |
| Specialty Chemicals | 0.59% | |
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 | |
|---|---|---|---|---|---|
| 544308 Hilltone Software and Gases | ₹81.90 | 9.2% +₹75.4m | n/a | n/a |