All sectors
Oil & Gas
India imports 85% of its crude oil — the oil & gas sector is strategically critical and politically sensitive. Upstream producers (ONGC) benefit from high crude prices; downstream refiners (BPCL, HPCL, IOCL) suffer when retail fuel prices are capped below cost during elections. City gas distribution (IGL, MGL, Adani Total Gas) is a regulated growth business benefiting from CNG adoption in vehicles and piped gas in homes.
Companies
19
Total Market Cap
₹27.91 L Cr
Median P/E
14.7
Median ROE
14.2%
Median Div Yld
3.08%
Top Company
Bharat Coking Coal Limited
Key Investment Themes
- ✓India's energy demand growing 5–7% annually — structural tailwind
- ✓City gas distribution: CNG adoption and PNG penetration in cities
- ✓LNG import infrastructure expansion (Petronet LNG, Shell)
- ✓Upstream E&P investment to reduce import dependence
- ✓Refinery capacity expansion to meet growing fuel demand
Key Risks to Watch
- ⚠Crude price volatility affecting upstream profits and downstream margins
- ⚠Government price caps on petrol/diesel squeezing OMC margins during elections
- ⚠EV transition reducing long-term demand for petrol/diesel
- ⚠Geopolitical risks disrupting crude supply (Middle East conflicts)
Industry breakdown
Diversified1 cos · ₹16.27 L Cr · 58.3%
Oil Gas & Consumable Fuels14 cos · ₹4.60 L Cr · 16.5%
Oil Marketing2 cos · ₹3.12 L Cr · 11.2%
Upstream1 cos · ₹2.83 L Cr · 10.1%
Gas Transmission1 cos · ₹1.10 L Cr · 3.9%
Top companies in Oil & Gas
19 companies| # | Company | 30D | Market cap | P/E | ROE % | Rev YoY | Profit YoY |
|---|---|---|---|---|---|---|---|
| 1 | Bharat Coking Coal Limited BHARATCOAL · Oil Gas & Consumable Fuels | — | 130.4 | 2.1% | — | — | |
| 2 | Reliance Industries Limited RELIANCE · Diversified | ₹16.27 L Cr | 21.8 | 9.1% | -2.2% | +24.4% | |
| 3 | Oil & Natural Gas Corporation Limited ONGC · Upstream | ₹2.83 L Cr | 6.4 | 12.7% | -1.0% | -7.6% | |
| 4 | Indian Oil Corporation Limited IOC · Oil Marketing | ₹1.84 L Cr | 5.3 | 21.0% | +3.7% | +183.9% | |
| 5 | Bharat Petroleum Corporation Limited BPCL · Oil Marketing | ₹1.28 L Cr | 7.3 | 28.5% | +3.4% | +75.5% | |
| 6 | GAIL (India) Limited GAIL · Gas Transmission | ₹1.10 L Cr | 11.2 | 8.7% | +1.0% | -38.4% | |
| 7 | Hindustan Petroleum Corporation Limited HINDPETRO · Oil Gas & Consumable Fuels | ₹74,155 Cr | 44.1 | 30.9% | +1.8% | +133.2% | |
| 8 | Oil India Limited OIL · Oil Gas & Consumable Fuels | ₹73,035 Cr | 8.7 | 12.7% | -0.2% | -27.1% | |
| 9 | Adani Total Gas Limited ATGL · Oil Gas & Consumable Fuels | ₹63,091 Cr | 100.8 | 14.5% | +17.6% | -1.7% | |
| 10 | Aegis Logistics Limited AEGISLOG · Oil Gas & Consumable Fuels | ₹46,746 Cr | 38.3 | 15.3% | — | — | |
| 11 | Petronet LNG Limited PETRONET · Oil Gas & Consumable Fuels | ₹44,048 Cr | 10.4 | 18.6% | — | — | |
| 12 | Mangalore Refinery and Petrochemicals Limited MRPL · Oil Gas & Consumable Fuels | ₹30,446 Cr | 6.9 | 14.2% | — | — | |
| 13 | Aegis Vopak Terminals Limited AEGISVOPAK · Oil Gas & Consumable Fuels | ₹29,517 Cr | 121.6 | 11.6% | — | — | |
| 14 | Chennai Petroleum Corporation Limited CHENNPETRO · Oil Gas & Consumable Fuels | ₹21,330 Cr | 5.0 | 32.1% | — | — | |
| 15 | Indraprastha Gas Limited IGL · Oil Gas & Consumable Fuels | ₹19,956 Cr | 15.7 | 13.9% | — | — | |
| 16 | Castrol India Limited CASTROLIND · Oil Gas & Consumable Fuels | ₹19,465 Cr | 18.4 | 57.0% | — | — | |
| 17 | Gujarat State Petronet Limited GSPL · Oil Gas & Consumable Fuels | ₹15,629 Cr | 14.8 | — | — | — | |
| 18 | Vedanta Oil and Gas Limited VOGL · Oil Gas & Consumable Fuels | ₹11,912 Cr | — | — | — | — | |
| 19 | Mahanagar Gas Limited MGL · Oil Gas & Consumable Fuels | ₹10,291 Cr | 14.6 | 13.6% | — | — |
P/E, ROE, YoY growth shown when available. YoY growth requires 2+ years of annual financials (top 200 companies refreshed weekly).