Indian (NIFTY) Gas Utilities Industry Analysis

UpdatedJan 27, 2026

DataAggregated Company Financials

Companies8

7D-0.6%
3M-13.4%
1Y-9.4%
YTD-7.8%

Over the last 7 days, the Gas Utilities industry has remained flat. Unfortunately though, the industry is down 9.4% over the past 12 months. Looking forward, earnings are forecast to grow by 3.8% annually.

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, 28 Jan 2026	₹2.4t	₹2.1t	₹164.0b	15.7x	14.8x	1.2x
Fri, 26 Dec 2025	₹2.6t	₹2.1t	₹163.2b	16.6x	15.8x	1.2x
Sun, 23 Nov 2025	₹2.7t	₹2.1t	₹163.2b	17x	16.7x	1.3x
Tue, 21 Oct 2025	₹2.8t	₹2.0t	₹172.7b	17.1x	15.9x	1.3x
Thu, 18 Sep 2025	₹2.8t	₹2.0t	₹172.7b	17.6x	16.2x	1.4x
Sat, 16 Aug 2025	₹2.7t	₹2.0t	₹172.7b	16.7x	15.6x	1.3x
Mon, 14 Jul 2025	₹2.9t	₹2.0t	₹181.8b	17.2x	15.8x	1.4x
Wed, 11 Jun 2025	₹3.0t	₹2.0t	₹181.8b	22.9x	16.7x	1.5x
Fri, 09 May 2025	₹2.8t	₹2.0t	₹185.4b	19.2x	15.1x	1.4x
Sun, 06 Apr 2025	₹2.7t	₹2.0t	₹185.3b	18.9x	14.4x	1.3x
Tue, 04 Mar 2025	₹2.4t	₹2.0t	₹185.3b	17.6x	13x	1.2x
Thu, 30 Jan 2025	₹2.7t	₹2.0t	₹178.2b	18x	15.2x	1.4x
Sat, 28 Dec 2024	₹3.0t	₹2.0t	₹181.0b	18.7x	16.4x	1.5x
Mon, 25 Nov 2024	₹2.8t	₹2.0t	₹181.0b	18x	15.4x	1.4x
Wed, 23 Oct 2024	₹3.2t	₹2.0t	₹181.6b	15.6x	17.7x	1.6x
Fri, 20 Sep 2024	₹3.5t	₹2.0t	₹181.6b	19.5x	19.2x	1.8x
Sun, 18 Aug 2024	₹3.6t	₹2.0t	₹181.6b	19.7x	20x	1.9x
Tue, 16 Jul 2024	₹3.7t	₹1.9t	₹167.2b	18.8x	22.3x	1.9x
Thu, 13 Jun 2024	₹3.5t	₹1.9t	₹167.2b	16.8x	21.1x	1.8x
Sat, 11 May 2024	₹3.2t	₹1.9t	₹148.8b	15.7x	21.6x	1.7x
Mon, 08 Apr 2024	₹3.4t	₹1.9t	₹146.5b	16.5x	23.2x	1.8x
Wed, 06 Mar 2024	₹3.5t	₹1.9t	₹146.5b	16.5x	24x	1.8x
Fri, 02 Feb 2024	₹3.3t	₹1.9t	₹147.6b	15.8x	22.5x	1.7x
Sun, 31 Dec 2023	₹3.1t	₹1.9t	₹116.6b	20.2x	26.4x	1.6x
Tue, 28 Nov 2023	₹2.3t	₹1.9t	₹116.6b	15.5x	19.3x	1.2x
Thu, 26 Oct 2023	₹2.2t	₹2.0t	₹102.3b	17.8x	21.6x	1.1x
Sat, 23 Sep 2023	₹2.4t	₹2.0t	₹102.3b	19.1x	23.3x	1.2x
Mon, 21 Aug 2023	₹2.3t	₹2.0t	₹102.3b	17.8x	22.7x	1.2x
Wed, 19 Jul 2023	₹2.4t	₹2.1t	₹117.6b	17.1x	20.1x	1.2x
Fri, 16 Jun 2023	₹2.4t	₹2.1t	₹117.5b	16.5x	20.2x	1.2x
Sun, 14 May 2023	₹2.5t	₹2.0t	₹146.0b	16.8x	17.4x	1.3x
Tue, 11 Apr 2023	₹2.5t	₹2.0t	₹146.0b	17.3x	17.4x	1.3x
Thu, 09 Mar 2023	₹2.6t	₹2.0t	₹146.0b	16.8x	17.8x	1.3x
Sat, 04 Feb 2023	₹3.2t	₹2.0t	₹141.1b	16.6x	23x	1.6x

Price to Earnings Ratio

23x

Sat, 04 Feb 2023

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 14.8x which is lower than its 3-year average PE of 19.0x.

The 3-year average PS ratio of 1.5x is higher than the industry's current PS ratio of 1.2x.

Past Earnings Growth

The earnings for companies in the Gas Utilities industry have grown 5.1% per year over the last three years, while revenues have remained mostly flat.
This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.