Indian (NIFTY) Gas Utilities Industry Analysis

UpdatedSep 12, 2026

DataAggregated Company Financials

Companies7

7D-2.0%
3M-10.6%
1Y-12.4%
YTD-8.4%

Over the last 7 days, the Gas Utilities industry has remained flat, although notably Gujarat Energy declined by 8.3%. Unfortunately though, the industry is down 12% over the past 12 months. As for the next few years, earnings are expected to grow by 5.2% per annum.

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
Sat, 12 Sep 2026	₹2.4t	₹2.1t	₹151.1b	15x	15.6x	1.1x
Mon, 10 Aug 2026	₹2.4t	₹2.0t	₹148.9b	13.7x	16x	1.2x
Wed, 08 Jul 2026	₹2.5t	₹2.0t	₹127.2b	13.8x	19.3x	1.2x
Fri, 05 Jun 2026	₹2.7t	₹2.1t	₹137.7b	14.5x	19.6x	1.3x
Sun, 03 May 2026	₹2.6t	₹2.1t	₹141.4b	14.6x	18.1x	1.2x
Tue, 31 Mar 2026	₹2.1t	₹2.1t	₹141.3b	12.3x	14.9x	1x
Thu, 26 Feb 2026	₹2.5t	₹2.1t	₹141.3b	15.3x	17.7x	1.2x
Sat, 24 Jan 2026	₹2.4t	₹2.1t	₹164.0b	15.7x	14.8x	1.2x
Mon, 22 Dec 2025	₹2.6t	₹2.1t	₹163.2b	16.4x	15.8x	1.2x
Wed, 19 Nov 2025	₹2.8t	₹2.1t	₹163.2b	17.4x	16.9x	1.3x
Fri, 17 Oct 2025	₹2.8t	₹2.0t	₹172.7b	17.5x	16.1x	1.4x
Sun, 14 Sep 2025	₹2.8t	₹2.0t	₹172.7b	17.3x	15.9x	1.3x
Tue, 12 Aug 2025	₹2.7t	₹2.1t	₹173.3b	16.2x	15.5x	1.3x
Thu, 10 Jul 2025	₹2.9t	₹2.0t	₹181.8b	17.5x	16.1x	1.4x
Sat, 07 Jun 2025	₹3.0t	₹2.0t	₹181.8b	22.2x	16.3x	1.5x
Mon, 05 May 2025	₹2.8t	₹2.0t	₹185.4b	19.4x	15.2x	1.4x
Wed, 02 Apr 2025	₹2.8t	₹2.0t	₹185.3b	19.4x	14.9x	1.4x
Fri, 28 Feb 2025	₹2.5t	₹2.0t	₹185.3b	18.4x	13.6x	1.3x
Sun, 26 Jan 2025	₹2.8t	₹2.0t	₹181.0b	17.9x	15.5x	1.4x
Tue, 24 Dec 2024	₹3.0t	₹2.0t	₹181.0b	18.9x	16.4x	1.5x
Thu, 21 Nov 2024	₹2.8t	₹2.0t	₹181.0b	18.1x	15.5x	1.4x
Sat, 19 Oct 2024	₹3.4t	₹2.0t	₹181.6b	16.3x	18.5x	1.7x
Mon, 16 Sep 2024	₹3.6t	₹2.0t	₹181.6b	18.6x	19.6x	1.8x
Wed, 14 Aug 2024	₹3.6t	₹2.0t	₹181.6b	19.5x	19.8x	1.8x
Fri, 12 Jul 2024	₹3.7t	₹1.9t	₹167.2b	18.7x	22x	1.9x
Sun, 09 Jun 2024	₹3.5t	₹1.9t	₹167.2b	16.5x	21.1x	1.8x
Tue, 07 May 2024	₹3.3t	₹1.9t	₹147.2b	16.1x	22.6x	1.7x
Thu, 04 Apr 2024	₹3.4t	₹1.9t	₹146.5b	15.9x	23x	1.8x
Sat, 02 Mar 2024	₹3.4t	₹1.9t	₹146.5b	15.6x	23.4x	1.8x
Mon, 29 Jan 2024	₹3.2t	₹1.9t	₹119.5b	20.6x	26.9x	1.7x
Wed, 27 Dec 2023	₹3.0t	₹1.9t	₹116.6b	19.2x	25.8x	1.6x
Fri, 24 Nov 2023	₹2.2t	₹1.9t	₹116.6b	15.5x	19.3x	1.2x
Sun, 22 Oct 2023	₹2.3t	₹2.0t	₹102.3b	18.3x	22.5x	1.2x
Tue, 19 Sep 2023	₹2.4t	₹2.0t	₹102.3b	19.5x	23.6x	1.2x

Price to Earnings Ratio

23.6x

Tue, 19 Sep 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 15.8x which is lower than its 3-year average PE of 18.6x.

The 3-year average PS ratio of 1.4x is higher than the industry's current PS ratio of 1.1x.

Past Earnings Growth

The earnings for companies in the Gas Utilities industry have grown 14% 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.