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Sep 10
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Indian (NIFTY) Gas Utilities Industry Analysis
UpdatedSep 10, 2025
DataAggregated Company Financials
Companies8
- 7D-2.0%
- 3M-12.0%
- 1Y-25.7%
- YTD-12.3%
Over the last 7 days, the Gas Utilities industry has dropped 2.0%, driven by a pullback from GAIL (India) of 2.3%. Overall the industry is down 26% in 12 months. In the next few years earnings are forecast to be pretty stable.
Industry Valuation and Performance
Has the Indian Gas Utilities Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 10 Sep 2025 | ₹2.7t | ₹2.0t | ₹172.7b | 16.9x | 15.6x | 1.3x |
| Fri, 08 Aug 2025 | ₹2.7t | ₹2.1t | ₹173.3b | 16.2x | 15.3x | 1.3x |
| Sun, 06 Jul 2025 | ₹3.0t | ₹2.0t | ₹181.8b | 17.7x | 16.5x | 1.5x |
| Tue, 03 Jun 2025 | ₹3.0t | ₹2.0t | ₹181.8b | 21.7x | 16.3x | 1.4x |
| Thu, 01 May 2025 | ₹2.8t | ₹2.0t | ₹185.4b | 19.7x | 15.2x | 1.4x |
| Sat, 29 Mar 2025 | ₹2.7t | ₹2.0t | ₹185.3b | 19.5x | 14.8x | 1.4x |
| Mon, 24 Feb 2025 | ₹2.6t | ₹2.0t | ₹185.3b | 19.3x | 14x | 1.3x |
| Wed, 22 Jan 2025 | ₹2.9t | ₹2.0t | ₹181.0b | 18.8x | 15.9x | 1.5x |
| Fri, 20 Dec 2024 | ₹3.0t | ₹2.0t | ₹181.0b | 19.3x | 16.6x | 1.5x |
| Sun, 17 Nov 2024 | ₹3.0t | ₹2.0t | ₹181.0b | 19.9x | 16.3x | 1.5x |
| Tue, 15 Oct 2024 | ₹3.6t | ₹2.0t | ₹181.6b | 19.5x | 19.6x | 1.8x |
| Thu, 12 Sep 2024 | ₹3.6t | ₹2.0t | ₹181.6b | 19x | 19.6x | 1.8x |
| Sat, 10 Aug 2024 | ₹3.6t | ₹2.0t | ₹181.6b | 19.3x | 20x | 1.9x |
| Mon, 08 Jul 2024 | ₹3.6t | ₹1.9t | ₹167.2b | 18.4x | 21.6x | 1.9x |
| Wed, 05 Jun 2024 | ₹3.2t | ₹1.9t | ₹167.2b | 15.6x | 19.3x | 1.7x |
| Fri, 03 May 2024 | ₹3.4t | ₹1.9t | ₹147.2b | 16.7x | 23.1x | 1.8x |
| Sun, 31 Mar 2024 | ₹3.2t | ₹1.9t | ₹146.5b | 15.5x | 22.1x | 1.7x |
| Tue, 27 Feb 2024 | ₹3.5t | ₹1.9t | ₹146.5b | 15.5x | 23.6x | 1.8x |
| Thu, 25 Jan 2024 | ₹3.2t | ₹1.9t | ₹118.1b | 20.5x | 27.4x | 1.7x |
| Sat, 23 Dec 2023 | ₹3.0t | ₹1.9t | ₹116.6b | 18.9x | 25.6x | 1.6x |
| Mon, 20 Nov 2023 | ₹2.3t | ₹1.9t | ₹116.6b | 15.7x | 19.4x | 1.2x |
| Wed, 18 Oct 2023 | ₹2.4t | ₹2.0t | ₹102.3b | 20x | 23.5x | 1.2x |
| Fri, 15 Sep 2023 | ₹2.4t | ₹2.0t | ₹102.3b | 19.8x | 23.8x | 1.2x |
| Sun, 13 Aug 2023 | ₹2.4t | ₹2.0t | ₹102.3b | 18.4x | 23.1x | 1.2x |
| Tue, 11 Jul 2023 | ₹2.4t | ₹2.1t | ₹117.6b | 17.2x | 20x | 1.1x |
| Thu, 08 Jun 2023 | ₹2.4t | ₹2.1t | ₹117.5b | 16.4x | 20.2x | 1.2x |
| Sat, 06 May 2023 | ₹2.6t | ₹2.0t | ₹146.0b | 17.3x | 18x | 1.3x |
| Mon, 03 Apr 2023 | ₹2.5t | ₹2.0t | ₹146.0b | 16.4x | 17.2x | 1.3x |
| Wed, 01 Mar 2023 | ₹2.3t | ₹2.0t | ₹146.0b | 16x | 15.9x | 1.2x |
| Fri, 27 Jan 2023 | ₹5.5t | ₹1.9t | ₹174.8b | 16.6x | 31.7x | 2.9x |
| Sun, 25 Dec 2022 | ₹5.0t | ₹1.9t | ₹175.2b | 15.8x | 28.5x | 2.6x |
| Tue, 22 Nov 2022 | ₹5.5t | ₹1.9t | ₹175.2b | 16.9x | 31.3x | 2.9x |
| Thu, 20 Oct 2022 | ₹4.8t | ₹1.7t | ₹189.6b | 14.4x | 25.5x | 2.9x |
| Sat, 17 Sep 2022 | ₹5.3t | ₹1.7t | ₹189.6b | 15.8x | 28.2x | 3.2x |
Price to Earnings Ratio
28.2x
Current Industry PE
- Investors are pessimistic on the Indian Gas Utilities 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 15.6x which is lower than its 3-year average PE of 20.8x.
- The 3-year average PS ratio of 1.7x is higher than the industry's current PS ratio of 1.3x.
Past Earnings Growth
- The earnings for companies in the Gas Utilities industry have declined 3.1% per year over the last three years.
- Meanwhile revenues for these companies have grown 6.5% per year.
- This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Indian Utilities industry?
| IN Market | 0.87% | |
| Utilities | -0.37% | |
| Gas Utilities | -2.05% | |
| Gas Utilities | -2.05% | |
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 | |
|---|---|---|---|---|---|
| ATGL Adani Total Gas | ₹597.85 | 0.1% +₹769.9m | -25.7% | PE101.5x | |
| IRMENERGY IRM Energy | ₹276.45 | 2.0% +₹227.9m | -39.8% | PE28.1x | |
| MGL Mahanagar Gas | ₹1.29k | 0.2% +₹207.4m | -28.8% | PE11.9x |
