How Energy Minerals sector is valued, where its profits sit and how widely its strength is spread across 28 listed companies.
28 companies · ₹29.67L cr combined market cap · prices to 9 Nov
Twelve months of earnings momentum against price strength relative to the market.
Earnings is the sector’s median fundamental score minus 50; price is the sector index’s 6-month return minus the market’s. Each dot is a month-end.
221.8 index level · −7.6% over 12 months
221.8 index level · +24.1% over 3 years
221.8 index level · +126.7% since Jan '19
ApnaFunda's market-cap-weighted index of today's Energy Minerals companies.
Earnings helped, the multiple did not.
RELIANCE is 61% of this sector's market value, so it drives these totals.
Earnings helped, the multiple did not.
RELIANCE is 61% of this sector's market value, so it drives these totals.
Earnings helped, the multiple did not.
RELIANCE is 61% of this sector's market value, so it drives these totals.
"pts" are percentage points of the return. The parts add up to the total shown for each period. Because market value = P/E × net profit, higher profit and a higher P/E both push it up.
Example: if the sector rose 30%, profit growth accounts for +45 pts and a lower P/E for -15 pts, then 45 - 15 = 30. The +45 is not the profit growth rate itself: it is the part of the move that profit growth explains.
Only companies with positive profit at both ends are included, so figures can differ slightly from the headline.
Profit is trailing twelve months, with a 60 day reporting lag.
Usual range 7.1x to 18.8x since Jan 2019.
Usual range 0.9x to 2.2x since Jan 2019.
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Usual range 0.7x to 1.6x since Jan 2019.
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Percentiles describe where today's median sits in the sector's own history.
Each month, the line is the median multiple of the sector's companies with a positive multiple, and the band covers the middle half of them (25th to 75th percentile). At least 5 companies are needed for a month to be shown.
The aggregate divides the sector's total market cap by its total net profit (or book value), so it is weighted towards the largest companies. Constituents are today's listed companies, so companies that have since delisted are missing (survivorship bias).
Each band is a company's share of the sum of positive net profit (TTM, reported with a 60-day lag), sampled quarterly. The seven largest earners today keep their own band throughout; the rest are grouped as Others.
Company by company, the typical share price implies 5.7 pts a year less growth than the company delivered. Delivered is the typical company's growth over the last 10 years. Implied vs delivered →
Of the +56.4 pts growth in the market's combined reported earnings, 12 months to Nov '26. See Market Pulse
Higher on the chart is a better rank.
Sectors are ranked each month on price, earnings and FII/DII buying together.
The share of Energy Minerals companies doing well on each measure.
Above 50% means most companies are.
Each chart runs from 0% (bottom) to 100% (top), monthly.
Hover or tap for a month's value.
Companies below ₹500 cr market cap are left out. A ROCE or ROE change within ±1 pt, or an FII holding change within ±0.25 pt, counts as unchanged. Shareholding is reported quarterly, so the FII chart moves in steps and starts later, when shareholding history begins.
Based on 24 companies' 12-month price returns, weighted by market cap 12 months ago.
A year with an index move under 5% is called flat. Narrow means the top 3 contributors made up at least 60% of the move, or fewer than 35% of companies beat the index in a rising year. Broad means most companies moved with the index.
The highest- and lowest-ranked of 21 Energy Minerals companies above ₹500 cr on each lens, as of 9 Nov 2026.
Rankings combine price (3-month change), earnings (12-month change in EPS growth, ROCE and operating margin) and FII/DII buying (12-month change in holding).
Market-cap-weighted holding of Energy Minerals companies over the last 8 quarters.
Public and others is what the three groups leave.
See the Sep 2026 sector flows
The sector's market value is split across 28 companies, but unevenly: as evenly as 3 equal-sized companies would split it.
Higher means market value is spread across more companies; lower means a few companies dominate.
This is the effective number of companies: 1 divided by the sum of squared market-cap weights. A sector of 7 equal-sized companies scores 7. One giant among many small companies scores close to 1. Under 5 reads as highly concentrated, 5 to 15 as moderately concentrated, and over 15 as broad.
Each industry's slice of the sector's market value and of its profit.
A profit bar longer than the market-cap bar means the industry earns more than it is valued for.
Select an industry to filter the company list.
Industries with fewer than 3 companies are grouped as "Other industries". Both bars share one scale.
12m return is the market-cap-weighted 12-month price return of the industry's constituents, with weights from 12 months ago. Mcap and profit shares are each industry's part of the sector total.
| Company | Industry | Mcap | Weight | 12m return | P/E | P/B | ROCE | OPM | D/E | FII Δ 1y | Promoter | 52w range |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCE INDUSTRIES | Oil Refining/Marketing | ₹17.92L cr | 60.4% | -16%Q2 | 24.0xQ4 | 2.0xQ3 | 10.0%Q1 | 15.0%Q3 | 0.5xQ3 | -2.0Q1 | 50.5% | 38% |
| OIL AND NATURAL GAS CORPORATIO | Oil Refining/Marketing | ₹2.94L cr | 9.9% | -2%Q3 | 6.8xQ1 | 0.8xQ1 | 14.0%Q2 | 8.0%Q2 | 0.5xQ3 | +0.9Q4 | 58.9% | 17% |
| COAL INDIA LIMITED | Coal | ₹2.47L cr | 8.3% | +9%Q4 | 8.0xQ2 | 2.1xQ3 | 35.0%Q4 | 26.0%Q4 | 0.1xQ2 | +2.2Q4 | 61.1% | 35% |
| INDIAN OIL CORPORATION LIMITED | Integrated Oil | ₹2.08L cr | 7.0% | -6%Q3 | 6.2xQ1 | 0.9xQ2 | 19.0%Q3 | 1.5%Q1 | 0.6xQ4 | +1.6Q4 | 51.5% | 34% |
| BHARAT PETROLEUM CORPN LTD | Oil Refining/Marketing | ₹1.37L cr | 4.6% | -9%Q2 | 8.0xQ2 | 1.4xQ2 | 26.0%Q4 | -2.7%Q1 | 0.5xQ4 | +1.4Q4 | 53.0% | 40% |
| HINDUSTAN PETROLEUM CORP | Oil Refining/Marketing | ₹81972 cr | 2.8% | -11%Q2 | 49.1xQ4 | 1.3xQ2 | 22.0%Q4 | -11.0%Q1 | 0.8xQ4 | +0.0Q3 | 54.9% | 47% |
| OIL INDIA LIMITED | Integrated Oil | ₹71408 cr | 2.4% | +6%Q3 | 8.6xQ2 | 1.2xQ2 | 12.0%Q2 | 46.0%Q4 | 0.7xQ4 | -0.9Q1 | 56.7% | 32% |
| MANGALORE REFINERY & PETROCHEM | Oil Refining/Marketing | ₹30923 cr | 1.0% | +14%Q4 | 9.8xQ2 | 2.2xQ3 | 18.0%Q3 | 3.4%Q1 | 1.1xQ4 | +0.9Q3 | 88.6% | 55% |
| CHENNAI PETROLEUM CORPORATION | Oil Refining/Marketing | ₹21747 cr | 0.7% | +66%Q4 | 5.2xQ1 | 2.0xQ3 | 35.0%Q4 | 6.0%Q2 | 0.2xQ2 | +6.2Q4 | 67.3% | 77% |
| CASTROL INDIA LIMITED | Oil Refining/Marketing | ₹18824 cr | 0.6% | +5%Q3 | 17.7xQ4 | 9.9xQ4 | — | 26.0%Q4 | 0.0xQ1 | -2.1Q1 | 51.0% | 66% |
| GUJARAT MINERAL DEVELOPMENT CO | Coal | ₹15195 cr | 0.5% | -11%Q2 | 15.9xQ3 | 2.1xQ3 | 11.0%Q2 | 21.0%Q3 | 0.0xQ1 | +1.4Q4 | 74.0% | 22% |
| BHARAT COKING COAL LTD | Coal | ₹14684 cr | 0.5% | — | — | 2.5xQ4 | 4.0%Q1 | -1.8%Q1 | 0.4xQ3 | — | 90.0% | 16% |
| VEDANTA OIL AND GAS LIMITED | Oil Refining/Marketing | ₹12165 cr | 0.4% | — | — | 0.8xQ1 | — | 32.0%Q4 | 0.4xQ3 | — | 56.4% | — |
| GULF OIL LUBRICANTS INDIA LTD | Oil Refining/Marketing | ₹5428 cr | 0.2% | -5%Q3 | 14.4xQ3 | 3.5xQ4 | 26.0%Q4 | 12.0%Q3 | 0.4xQ3 | -0.7Q2 | 66.8% | 61% |
| REFEX INDUSTRIES LIMITED | Coal | ₹3152 cr | 0.1% | -34%Q1 | 12.7xQ3 | 2.1xQ3 | 23.0%Q4 | 12.0%Q3 | 0.1xQ2 | -0.9Q1 | 56.6% | 22% |
| ANTELOPUS SELAN ENERGY LIMITED | Oil & Gas Production | ₹3121 cr | 0.1% | +124%Q4 | 23.4xQ4 | 4.8xQ4 | 20.0%Q3 | 70.0%Q4 | 0.0xQ1 | -3.5Q1 | 69.9% | 56% |
| TRUALT BIOENERGY LTD | Oil Refining/Marketing | ₹3009 cr | 0.1% | -21%Q1 | 19.3xQ4 | 2.0xQ3 | 10.0%Q1 | 21.0%Q3 | 1.1xQ4 | — | 70.5% | 18% |
| HINDUSTAN OIL EXPLORATION CO | Integrated Oil | ₹2062 cr | 0.1% | +8%Q3 | 82.0xQ4 | 1.5xQ2 | 3.0%Q1 | 4.8%Q2 | 0.0xQ1 | +0.4Q3 | — | 46% |
| ASIAN ENERGY SERVICES LTD | Oil & Gas Production | ₹1955 cr | 0.1% | +35%Q4 | 31.5xQ4 | 4.0xQ4 | 16.0%Q2 | 8.0%Q2 | 0.3xQ3 | -0.9Q1 | 56.1% | 50% |
| IRM ENERGY LIMITED | Integrated Oil | ₹1077 cr | 0.0% | -9%Q2 | 14.8xQ3 | 1.1xQ2 | 9.0%Q1 | 19.0%Q3 | 0.1xQ2 | -0.0Q2 | 50.7% | 48% |
| SOUTH WEST PINNACLE EXPL LTD | Coal | ₹525 cr | 0.0% | -24%Q1 | 12.0xQ2 | 2.6xQ4 | 20.0%Q3 | 24.2%Q4 | 0.4xQ3 | +0.7Q3 | 64.8% | 1% |
| GP PETROLEUMS LIMITED | Oil Refining/Marketing | ₹321 cr | 0.0% | +67%Q4 | 7.7xQ1 | 0.9xQ1 | 11.0%Q2 | 12.0%Q3 | 0.1xQ1 | 0.0Q2 | 37.0% | 80% |
| GUJARAT NATURAL RESOURCES LIMI | Integrated Oil | ₹181 cr | 0.0% | — | 9.0xQ2 | 0.9xQ1 | 7.0%Q1 | 202.0%Q4 | 0.1xQ1 | — | 1.9% | — |
| RAJPUTANA BIODIESEL LIMITED | Oil Refining/Marketing | ₹142 cr | 0.0% | -23%Q1 | 15.7xQ3 | 2.8xQ4 | 22.0%Q4 | — | 0.6xQ4 | -0.5Q2 | 65.8% | 25% |
| AAKASH EXPLORATION SERV LTD | Oil & Gas Production | ₹81 cr | 0.0% | -10%Q2 | 15.6xQ3 | 1.3xQ2 | — | 9.4%Q2 | 0.2xQ2 | +0.0Q3 | 66.5% | 19% |
| MOVING MEDIA ENTERTAINMENT LTD | Coal | ₹68 cr | 0.0% | -24%Q1 | 5.4xQ1 | 0.7xQ1 | 19.0%Q3 | — | 0.3xQ2 | — | 57.4% | 27% |
| SUNDREX OIL COMPANY LTD | Integrated Oil | ₹42 cr | 0.0% | — | 7.9xQ1 | 0.9xQ1 | 22.0%Q4 | — | 0.3xQ2 | — | 72.0% | 17% |
| PNC Media and Entertainment L | Coal | ₹26 cr | 0.0% | -34%Q1 | — | 0.4xQ1 | 0.0%Q1 | -50.6%Q1 | 0.0xQ1 | 0.0Q2 | 59.7% | 15% |
Sorted by market cap.
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Dots show a company's quartile within this sector (Q1 = lowest value in the sector, Q4 = highest) for the metrics that have one; hover for the percentile. This is a relative position within this sector only, not a quality score. A hollow dot means loss-making.
Lenders show ROE in place of ROCE and n/a for operating margin and debt/equity. Companies without their own page are listed unlinked. 12m return is the 12-month price change.