Best Oil and Gas Stocks in India in April 2025 – Based on 5-Year CAGR

According to the International Energy Agency’s (IEA) India Energy Outlook 2021, India’s primary energy demand is projected to nearly double by 2040, reaching 1,123 million tonnes of oil equivalent. This growth aligns with India’s GDP forecast of reaching US$ 8.6 trillion by the same period.

Over the past decade, India’s refining capacity has increased from 215.1 million metric tonnes per annum (MMTPA) to 256.8 MMTPA, with further expansion expected to 309.5 MMTPA by 2028. Additionally, India is set to be a major driver of non-OECD petroleum consumption globally. The country’s petroleum product consumption has risen significantly, from 158.4 MMT in 2013-14 to 234.3 MMT in 2023-24.

Let’s take a look at some of the top oil and gas stocks to watch in April 2025.

Best Oil and Gas Stocks in India in April 2025 – 5yr CAGR Basis

Note: The best oil and gas stocks in April 2025 here are as of April 03, 2025, and are picked from the Nifty 500 universe. The stocks are sorted based on their 5Y CAGR. 

Overview of the Best Oil and Gas Stocks in India in April 2025

1. Chennai Petroleum Corporation Limited

Chennai Petroleum Corporation Limited (CPCL) is a subsidiary of IOCL (Indian Oil Corporation Limited) and is headquartered in Chennai, India.

The company reported a revenue of ₹15,683.25 crore in Q3 FY25, up from ₹14,424.86 crore in the previous quarter. It posted a net profit of ₹10.46 crore in December 2024, recovering from a net loss of ₹629.49 crore in September 2024. 

Key metrics:

• Earning per Share (EPS): ₹22.56
• Return On Equity (ROE): 4.49%

2. Oil India Limited

Oil India is a government-owned enterprise engaged in exploring, developing, and producing crude oil and natural gas. It also manages crude oil transportation and LPG production.

In Q3 FY25, Oil India Limited reported a revenue of ₹5,239.66 crore, compared to ₹5,518.95 crore in Q2 FY24. The company’s net profit stood at ₹1,221.80 crore, down from ₹1,834.07 crore in the previous quarter.

Key metrics:

• EPS: ₹40.28
• ROE: 13.75%

3. Aegis Logistics

Aegis Logistics, formerly known as Aegis Chemical Industries Ltd., was incorporated in 1956 and specialises in providing logistics solutions for the oil, gas, chemicals, and petrochemical industries.

In Q3 FY25, Aegis Logistics reported a revenue of ₹672.12 crore, up from ₹658.28 crore in Q2 FY24. Net profit stood at ₹65.79 crore, compared to ₹72.16 crore in the previous quarter. 

Key metrics:

• EPS: ₹12.23
• ROE: 17.13%

4. Mangalore Refinery and Petrochemicals Limited

Mangalore Refinery and Petrochemicals Limited (MRPL) is a subsidiary of Oil and Natural Gas Corporation (ONGC) and operates under the Ministry of Petroleum and Natural Gas, Government of India. Founded in 1988, the refinery is situated in Katipalla, north of Mangalore’s city centre.

In Q3 FY25, Mangalore Refinery and Petrochemicals Limited reported a revenue of ₹25,600.78 crore, down from ₹28,785.92 crore in Q2 FY24. Net profit stood at ₹304.19 crore, recovering from a loss of ₹682.32 crore in the previous quarter.

Key metrics:

• EPS: ₹4.70
• ROE: 6.71%

5. The Great Eastern Shipping Company Limited

The Great Eastern Shipping Company Limited is an Indian maritime firm specializing in the transportation of liquid, gas, and solid bulk cargo. As of 2023, it stands as the largest private-sector shipping company in India.

In Q3 FY25, The Great Eastern Shipping Company Limited reported a revenue of ₹878.50 crore, down from ₹1,011.00 crore in Q2 FY24. Net profit increased to ₹678.63 crore from ₹564.97 crore in the previous quarter. 

Key metrics:

• EPS: ₹184.82
• ROE: 23.38%

Top Oil and Gas Stocks in India in April 2025 – Market Cap Basis

Note: The best oil and gas stocks listed here are as of April 03, 2025, and are picked from the Nifty 500 universe. The stocks are sorted based on their market cap. 

Top Oil and Gas Stocks in India in April 2025 – Net Profit Margin Basis

Note: The best oil and gas stocks listed here are as of April 03, 2025, and are picked from the Nifty 500 universe. The stocks are sorted based on their net profit margin. 

Outlook for India’s Oil and Gas Industry

India’s fast-paced economic expansion is driving a significant rise in oil demand, particularly in production and transportation. Crude oil consumption is projected to grow at a compound annual growth rate (CAGR) of 4.59%, reaching 500 million tonnes by FY40, up from 223 million tonnes in FY23.

In terms of volume, India’s oil consumption is expected to increase from 4.05 million barrels per day (MBPD) in FY22 to 7.2 MBPD by 2030 and 9.2 MBPD by 2050. Diesel demand is forecasted to double to 163 million tonnes by 2029-30, with petrol and diesel together accounting for 58% of India’s oil demand by 2045. With strong economic expansion and rapid urbanisation, the demand for oil is expected to remain robust.

Natural gas consumption is also set to rise at a CAGR of 12.2%, reaching 550 million cubic meters per day (MCMPD) by 2030, up from 174 MCMPD in 2021. Additionally, Indian refiners plan to increase refining capacity by 56 million tonnes per annum (MTPA) by 2028, bringing the total domestic refining capacity to 310 MTPA. The country also aims to double its oil refining capacity to 450-500 million tonnes by 2030.

Key Factors to Consider Before Investing in Oil and Gas Stocks

• Market Volatility and Price Fluctuations

Oil and gas stocks are highly influenced by changes in global oil prices. Supply and demand shifts, along with geopolitical events, can significantly impact a company’s profitability. Investors should closely track oil price trends and assess how companies manage market fluctuations.

• Government Policies

Policies related to subsidies, taxation, and environmental regulations play an important role in shaping the profitability of oil and gas companies. Understanding the impact of government policies on operations and costs is essential for making informed investment decisions.

• Financial Strength of Companies

Assessing a company’s financial stability—including revenue growth, profit margins, and debt levels—is crucial. Companies with lower debt and consistent earnings tend to be better equipped to handle market uncertainties.

• Operational Efficiency and Infrastructure

A company’s operational efficiency and infrastructure quality are key determinants of its profitability. Firms with well-structured production and distribution networks, along with a focus on technological advancements, are more likely to manage costs effectively and capitalise on growth opportunities.

Conclusion

Investing in oil and gas stocks requires thorough analysis of a company’s financial health, market positioning, and growth potential, while also considering risks related to energy price volatility and regulatory changes. Aligning these factors with an overall investment planning can lead to informed decision-making. Make sure to seek guidance from a financial expert can help tailor investments to specific financial goals and risk tolerance.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.