Additional Considerations Required While Assessing Reliance Industries' (NSE:RELIANCE) Strong Earnings
May 02
Indian (NIFTY) Oil and Gas Refining and Marketing Industry Analysis
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies11
- 7D-4.3%
- 3M-3.7%
- 1Y23.2%
- YTDn/a
Over the last 7 days, the Oil and Gas Refining and Marketing industry has dropped 4.3%, driven by Reliance Industries declining 4.5%. In the past year, the industry has gained 23%. Looking forward, earnings are forecast to grow by 5.4% annually.
Industry Valuation and Performance
Has the Indian Oil and Gas Refining and Marketing Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₹23.7t | ₹27.3t | ₹1.6t | 11.8x | 14.5x | 0.9x |
| Fri, 05 Apr 2024 | ₹23.4t | ₹26.9t | ₹1.7t | 9.4x | 13.8x | 0.9x |
| Sun, 03 Mar 2024 | ₹23.9t | ₹26.9t | ₹1.7t | 9.2x | 14.1x | 0.9x |
| Tue, 30 Jan 2024 | ₹22.6t | ₹27.0t | ₹1.7t | 7.2x | 13.4x | 0.8x |
| Thu, 28 Dec 2023 | ₹20.1t | ₹26.9t | ₹1.6t | 6.1x | 12.7x | 0.7x |
| Sat, 25 Nov 2023 | ₹18.3t | ₹26.9t | ₹1.6t | 5.5x | 11.6x | 0.7x |
| Mon, 23 Oct 2023 | ₹17.2t | ₹27.5t | ₹1.2t | 16.5x | 14.5x | 0.6x |
| Wed, 20 Sep 2023 | ₹18.2t | ₹27.5t | ₹1.2t | 12.4x | 15.2x | 0.7x |
| Fri, 18 Aug 2023 | ₹18.8t | ₹27.5t | ₹1.2t | 11.4x | 15.7x | 0.7x |
| Sun, 16 Jul 2023 | ₹20.2t | ₹28.2t | ₹778.7b | 19.8x | 26x | 0.7x |
| Tue, 13 Jun 2023 | ₹18.4t | ₹28.2t | ₹778.7b | 18.3x | 23.7x | 0.7x |
| Thu, 11 May 2023 | ₹18.4t | ₹27.7t | ₹683.3b | 18.9x | 26.9x | 0.7x |
| Sat, 08 Apr 2023 | ₹17.1t | ₹27.6t | ₹663.2b | 17.4x | 25.8x | 0.6x |
| Mon, 06 Mar 2023 | ₹17.4t | ₹27.6t | ₹663.2b | 17.5x | 26.2x | 0.6x |
| Wed, 01 Feb 2023 | ₹17.3t | ₹26.8t | ₹744.0b | 9.8x | 23.3x | 0.6x |
| Fri, 30 Dec 2022 | ₹18.4t | ₹26.4t | ₹744.1b | 8.9x | 24.7x | 0.7x |
| Sun, 27 Nov 2022 | ₹18.8t | ₹26.4t | ₹744.1b | 8.8x | 25.3x | 0.7x |
| Tue, 25 Oct 2022 | ₹17.7t | ₹24.8t | ₹909.0b | 16.2x | 19.5x | 0.7x |
| Thu, 22 Sep 2022 | ₹18.1t | ₹24.2t | ₹909.2b | 16.8x | 19.9x | 0.7x |
| Sat, 20 Aug 2022 | ₹18.9t | ₹24.2t | ₹909.2b | 17.2x | 20.8x | 0.8x |
| Mon, 18 Jul 2022 | ₹17.4t | ₹21.0t | ₹1.1t | 5.8x | 16.4x | 0.8x |
| Wed, 15 Jun 2022 | ₹18.9t | ₹21.0t | ₹1.1t | 5.8x | 17.8x | 0.9x |
| Fri, 13 May 2022 | ₹18.9t | ₹19.9t | ₹1.2t | 15.7x | 16.2x | 1x |
| Sun, 10 Apr 2022 | ₹19.1t | ₹19.2t | ₹1.1t | 17.4x | 17.4x | 1x |
| Tue, 08 Mar 2022 | ₹16.5t | ₹19.2t | ₹1.1t | 16.3x | 15x | 0.9x |
| Thu, 03 Feb 2022 | ₹17.6t | ₹19.2t | ₹1.1t | 17.2x | 16x | 0.9x |
| Sat, 01 Jan 2022 | ₹17.4t | ₹17.1t | ₹1.0t | 16.1x | 16.7x | 1x |
| Mon, 29 Nov 2021 | ₹17.8t | ₹17.1t | ₹1.0t | 15.6x | 17x | 1x |
| Wed, 27 Oct 2021 | ₹19.4t | ₹16.0t | ₹1.0t | 11.3x | 18.6x | 1.2x |
| Fri, 24 Sep 2021 | ₹18.3t | ₹15.3t | ₹954.5b | 18.5x | 19.2x | 1.2x |
| Sun, 22 Aug 2021 | ₹16.0t | ₹15.3t | ₹954.5b | 14.7x | 16.8x | 1x |
| Fri, 09 Jul 2021 | ₹15.9t | ₹15.3t | ₹954.5b | 16.5x | 16.7x | 1x |
Price to Earnings Ratio
17.7x
Current Industry PE
- Investors are pessimistic on the Indian Oil and Gas Refining and Marketing 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 14.5x which is lower than its 3-year average PE of 18.6x.
- The industry is trading close to its 3-year average PS ratio of 0.84x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Refining and Marketing industry have grown 21% per year over the last three years.
- Revenues for these companies have grown 26% 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 Oil and Gas Refining and Marketing compare with similar industries?
| IN Market | -1.98% | |
| Energy | -3.69% | |
| Oil and Gas | -3.72% | |
| Oil and Gas Refining and Marketing | -4.30% | |
| Oil and Gas Exploration and Production | 2.34% | |
| Coal and Fuels | 0.22% | |
| Integrated Oil and Gas | -3.27% | |
| Oil and Gas Storage and Transportation | -7.01% | |
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 | |
|---|---|---|---|---|---|
| HINDPETRO Hindustan Petroleum | ₹523.20 | 5.6% +₹39.4b | 104.3% | PE4.4x | |
| BPCL Bharat Petroleum | ₹620.30 | 2.1% +₹28.1b | 66.7% | PE4.6x | |
| KOTYARK Kotyark Industries | ₹1.27k | 14.2% +₹1.4b | 152.7% | PE66.9x | |
| 544163 Greenhitech Ventures | ₹153.10 | 14.6% +₹91.5m | n/a | PE125.7x |