Best Petroleum Stocks

Explore companies in oil extraction, refining, and fuel supply across India.

Name	Price (Rs)	Market Cap (Rs Cr)	ROE (%)	ROCE (%)	Debt/Eq (x)	Sales var 3yrs (%)	Profit var 3yrs (%)	P/E (x)	P/BV (x)	EV/EBITDA (x)
Reliance Industries	1,374.30	18,59,767.71	8.25	8.70	0.41	11.29	6.37	22.82	2.27	11.63
Oil And Natural Gas Corporation	234.15	2,94,567.24	10.54	11.15	0.45	7.64	-8.59	8.18	0.84	4.61
Indian Oil Corporation	139.70	1,97,273.70	7.29	8.22	0.76	8.76	-22.33	11.69	1.09	8.09
Bharat Petroleum Corporation	312.65	1,35,643.37	16.38	16.30	0.63	8.28	9.15	7.83	1.76	5.68
GAIL (India)	173.95	1,14,373.86	14.64	11.59	0.19	15.22	-6.53	9.83	1.36	8.02
Hindustan Petroleum Corporation	383.95	81,697.75	13.16	12.67	1.30	7.45	-2.62	8.00	1.78	7.66
Adani Total Gas	590.35	64,927.29	15.55	15.67	0.42	18.07	8.71	100.23	16.60	57.95
Oil India	396.20	64,446.20	13.16	11.83	0.60	14.27	5.23	9.82	1.22	7.02
Petronet LNG	272.95	40,942.50	19.98	23.63	0.00	5.70	4.94	11.04	2.16	5.54
Indraprastha Gas	213.80	29,932.03	16.18	16.25	0.00	24.64	4.57	17.97	2.83	11.33
Gujarat Gas	433.50	29,841.71	13.52	16.28	0.00	0.06	-4.03	26.06	3.74	13.43
Mangalore Refinery And Petrochemicals	126.50	22,170.37	0.43	4.95	0.99	10.74	-73.41	NM	1.80	14.90
Gujarat State Petronet	300.25	16,940.45	9.54	13.49	0.00	-1.16	-12.35	16.12	1.51	5.95
Mahanagar Gas	1,282.15	12,664.79	17.69	21.64	0.00	NM	NM	11.84	2.29	7.70
Chennai Petroleum Corporation	702.20	10,456.56	2.60	4.57	0.38	11.02	-45.90	NM	1.35	11.40
Deep Industries	550.25	3,521.60	-4.95	10.65	0.11	21.45	30.68	NM	2.34	13.13
Prabha Energy	245.85	3,365.82	-0.32	-0.33	0.29	NM	NM	NM	7.68	NM
Hindustan Oil Exploration Company	174.90	2,312.94	11.14	10.58	0.09	39.29	39.39	15.51	1.89	9.03
Jindal Drilling & Industries	608.90	1,764.66	13.59	10.97	0.10	25.40	49.61	7.41	1.11	8.44
Asian Energy Services	386.60	1,730.98	10.56	13.01	0.06	21.31	2.77	37.94	5.28	16.08
Dolphin Offshore Enterprises (India)	418.25	1,673.19	17.06	11.15	0.60	NM	48.19	33.29	6.91	26.52
Confidence Petroleum India	48.50	1,611.37	6.49	10.23	0.40	30.13	-0.61	17.63	1.25	5.60
IRM Energy	277.10	1,137.76	4.75	9.00	0.13	24.36	-29.32	28.15	1.20	7.06
Selan Exploration Technology	563.65	856.75	15.74	18.02	0.00	49.45	95.05	12.79	1.97	8.03
Gujarat Natural Resources	64.97	834.23	-2.45	-0.55	0.08	31.30	NM	NM	5.43	81.78

Data Source: Dion Global
Note: Company data is consolidated; Exceptional items, minority interest excluded

Sep 5, 2025, 4:01 PM IST

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The largest company, by revenues, in the Petroleum sector is Reliance Industries. Its revenues for the most recent year ended is Rs 9,64,693.00 cr.

Reliance Industries has a market capitalisation of Rs 18,59,767.71 cr. Over the previous 12 months, Reliance Industries’s share price declined 7.99%.

You can get the latest share price and detailed financials of Reliance Industries here.

Also, you can see the latest share price performance of all petroleum stocks here.

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Why Use This Screener?

This screener helps you look for companies operating in crude oil refining, fuel distribution, and other petroleum by-products.

Refining Margins Drive Profits

Gross refining margins (GRMs) fluctuate with global demand and product line-ups.

Retail Dealer Volume is Key

Large dealer networks improve pricing power and help maintain stable cash flows.

Crude Price Impacts All Segments

Exploration and refining companies gain or lose based on global oil cycles.

Public vs Private Strategies Differ

State-run firms focus on energy security, while private players may target exports and higher-value products.

FAQs on Best Petroleum Stocks

What is the value chain in petroleum?

The petroleum value chain includes upstream (exploration), midstream (transport/storage), and downstream (refining/retailing).

Are petrol and diesel prices market-driven?

They are deregulated but often influenced by global crude prices and government taxes.

How do refining margins affect profitability?

Gross refining margin (GRM) is the difference between the crude oil cost price and the fuel selling price. That is why it has a large impact on the refiners’ profits.