Industrial Gases industry

Q1FY271 earlier

8 companies · ₹64,906 cr · 4 with AI deep dives · Q1FY27 report

Exhibit 2What it costs

31.31x - 60.21x across the panel today

The median name trades at 41.9x, +14.7% against this industry's own 5-year median of 36.5x, and -35.3% against its own peak of 64.8x.

Exhibit 3Structure

₹64,906 cr

Linde India Ltd is 83.4% of this industry by market cap. The top 5 are 99.9% and the top 10 are 100%.

large 1small 3micro 44 above ₹500 cr

Exhibit 4Screen

P/E below the sub-industry median of 41.92x, 5y ROCE above its median of 12.74%, and at least 2 growth triggers stated on the latest earnings call.

Which names clear this screen is premium

The screen runs on stated growth triggers from the latest earnings calls - the same guidance data the stock screener reserves for premium. Premium names every company in this industry that is cheap against its own median and has the triggers behind it.

See plans

Exhibit 5Coverage (8 of 8)

Every company here with a deep dive, topped up by market cap. The rest of the industry is in the appendix.

Mcap
₹53,075 cr
P/E
97.2x
EV/EBITDA
-
ROCE
15.1%
Margin
36.4%
Rev YoY
+21.6%
Mcap
₹5,347 cr
P/E
44.3x
EV/EBITDA
33.2x
ROCE
13.0%
Margin
42.4%
Rev YoY
+18.0%
Mcap
₹3,745 cr
P/E
15.1x
EV/EBITDA
10.2x
ROCE
21.0%
Margin
16.6%
Rev YoY
+139.1%
Mcap
₹2,628 cr
P/E
50.5x
EV/EBITDA
43.4x
ROCE
8.8%
Margin
14.1%
Rev YoY
+9.9%
Mcap
₹51 cr
P/E
-
EV/EBITDA
62.1x
ROCE
0.6%
Margin
5.6%
Rev YoY
-32.5%
Mcap
₹28 cr
P/E
16.7x
EV/EBITDA
10.2x
ROCE
17.9%
Margin
23.4%
Rev YoY
-59.9%
Mcap
₹12 cr
P/E
11.8x
EV/EBITDA
11.8x
ROCE
8.4%
Margin
47.4%
Rev YoY
-88.9%
Mcap
₹10 cr
P/E
38.5x
EV/EBITDA
36.9x
ROCE
8.3%
Margin
4.5%
Rev YoY
-38.4%

Exhibit 6What managements said

from Chemicals & Petrochemicals earnings calls · as of 2026-06-30
mixedMiddle East/West Asia conflict: the dominant operating variable across the sector14 managements

Fourteen managements cited the West Asia conflict as a material driver this quarter. The disruption operates through three simultaneous channels: feedstock availability (Gulf…

  • SPLPETRO (Q1FY27): “It is not one plant, one source but it is a full region from where the material is not…
7 more themes from this quarter's earnings calls are locked. A free account opens 3 full reports a quarter: every theme with verbatim management quotes, the demand picture, companies running against the tide, and the regulatory & disruption watch. Sign up free →

Exhibit 7Outlook

The outlook and what resolves next quarter

Where these managements said things are heading, and the dated, checkable events that would change it. Free with an account - 3 full reports a quarter.

Create a free account

AppendixThe other 0 companies

1-0
sort: mcap · composite · name