According to the International Energy Agency’s (IEA) India Energy Outlook 2021, India’s primary energy requirement is set to nearly double by 2040, reaching around 1,123 million tonnes of oil equivalent. This increase is in line with the country’s expected GDP growth to US$ 8.6 trillion.
India's refining capacity has risen from 215.1 MMTPA in the past decade to 256.8 MMTPA, with a projected rise to 309.5 MMTPA by 2028. India is also emerging as a major driver of petroleum consumption among non-OECD nations. The usage of petroleum products increased from 158.4 MMT in 2013–14 to 234.3 MMT in 2023–24.
Amid this growth, here are some of the top oil and gas stocks in June 2025 based on 5-year CAGR, market cap, and net profit margin.
| Name | Market Cap (₹ crore) | ↓5Y CAGR (%) | Net Profit Margin (%) |
| Chennai Petroleum Corporation Ltd | 10,746.19 | 67.49 | 0.36 |
| Oil India Ltd | 72,262.05 | 51.05 | 19.17 |
| Mangalore Refinery and Petrochemicals Ltd | 26,283.72 | 39.14 | 0.06 |
| Great Eastern Shipping Company Ltd | 13,375.86 | 36.66 | 38.08 |
| Aegis Logistics Ltd | 27,699.17 | 35.15 | 7.87 |
Note: Top oil and gas stocks listed here are picked from the Nifty 500, and data is as of May 30, 2025. These stocks are ranked based on 5-year CAGR.
CPCL, a subsidiary of Indian Oil Corporation (IOCL), is headquartered in Chennai.
In Q3 FY25, CPCL posted a revenue of ₹15,683.25 crore, up from ₹14,424.86 crore in Q2. The company turned around from a net loss of ₹629.49 crore in the previous quarter to a profit of ₹10.46 crore in Q3.
Key metrics:
Oil India, a public sector enterprise, engages in the exploration, development, and production of crude oil and natural gas. It also handles crude transportation and LPG production.
In Q3 FY25, it posted revenue of ₹5,239.66 crore, down from ₹5,518.95 crore in Q2. Net profit dropped to ₹1,221.80 crore from ₹1,834.07 crore.
Key metrics:
Founded as Aegis Chemical Industries in 1956, Aegis Logistics provides logistical services in oil, gas, chemical, and petrochemical segments.
The company’s Q3 FY25 revenue stood at ₹672.12 crore, up from ₹658.28 crore in Q2. Net profit decreased to ₹65.79 crore from ₹72.16 crore.
Key metrics:
MRPL, a subsidiary of ONGC, operates under the Ministry of Petroleum and Natural Gas. The company’s refinery is situated in Katipalla, near Mangalore.
In Q3 FY25, MRPL reported revenue of ₹25,600.78 crore, a decline from ₹28,785.92 crore in Q2. However, it posted a profit of ₹304.19 crore, recovering from a ₹682.32 crore loss.
Key metrics:
India’s largest private shipping company, Great Eastern Shipping, specialises in transporting bulk liquid, gas, and solid cargo.
Despite a revenue dip to ₹878.50 crore in Q3 FY25 from ₹1,011.00 crore in Q2, net profit increased to ₹678.63 crore from ₹564.97 crore.
Key metrics:
| Name | ↓Market Cap (₹ crore) | 5Y CAGR (%) | Net Profit Margin (%) |
| Reliance Industries Ltd | 19,18,633.97 | 16.36 | 7.09 |
| Oil and Natural Gas Corporation Ltd | 3,05,751.11 | 23.91 | 5.35 |
| Indian Oil Corporation Ltd | 2,02,922.20 | 20.99 | 1.78 |
| Bharat Petroleum Corporation Ltd | 1,38,463.40 | 13.24 | 3 |
| Hindustan Petroleum Corp Ltd | 88,251.44 | 26.17 | 1.54 |
Note: Top oil and gas stocks listed here are picked from the Nifty 500, and data is as of May 30, 2025. These stocks are ranked based on Market cap.
| Name | Market Cap (₹ crore) | 5Y CAGR (%) | ↓Net Profit Margin (%) |
| Great Eastern Shipping Company Ltd | 13,375.86 | 36.66 | 38.08 |
| Oil India Ltd | 72,262.05 | 51.05 | 19.17 |
| Aegis Logistics Ltd | 27,699.17 | 35.15 | 7.87 |
| Petronet LNG Ltd | 47,100.00 | 4.45 | 7.68 |
| Reliance Industries Ltd | 19,18,633.97 | 16.36 | 7.09 |
Note: Top oil and gas stocks listed here are picked from the Nifty 500, and data is as of May 30, 2025. The stocks are sorted based on net profit margin.
India’s fast-paced economic development is fueling increased demand for oil, particularly in production and transportation.
Oil consumption volume is forecasted to rise from 4.05 MBPD in FY22 to 7.2 MBPD by 2030 and 9.2 MBPD by 2050. Diesel consumption alone is expected to reach 163 million tonnes by 2029–30. Together, petrol and diesel will make up 58% of India’s oil demand by 2045. Economic expansion and urban growth will continue to drive strong oil demand.
Natural gas usage is also on a growth trajectory, projected to increase at a CAGR of 12.2% and reach 550 MCMPD by 2030, up from 174 MCMPD in 2021.
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Oil and gas companies are sensitive to global price changes. Fluctuations in supply, demand, and geopolitical events can impact profitability. Tracking global oil trends and understanding how firms manage these changes is essential.
Government decisions regarding taxes, subsidies, and environmental rules significantly influence company earnings.
A thorough assessment of a company’s sales growth, financials like profitability ratios, and debt levels can help gauge its resilience. Firms with consistent earnings and lower debt are typically better positioned to face industry challenges.
Companies that invest in efficient infrastructure and adopt modern technologies can manage operational costs better. Efficient logistics and production systems are key competitive advantages in this sector.
Investing in oil and gas stocks involves analysing multiple aspects such as financial performance, operational strength, and industry trends. Given the volatility in energy prices and shifting regulations, it’s important to align investments with personal 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.
Published on: May 31, 2025, 7:42 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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