Following is the list of Top Industrial Gases & Fuels companies in India in 2026 sorted by market cap. There are a total of 19 number of listed companies with a total of market capitalization of 121117 crores. The market capitalization data is updated as on 22 Jan 2026
| # | Company | CMP | M Cap | 52W High | 52W Low | PE | PB | ROCE Last Yr | ROE Last Yr | PAT TTM | Div Yield |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Linde India Ltd. | 5981.5 | 51013 | 7865 | 5202.4 | 112.2 | 13.4 | 17.2 | 12.5 | 506 | 0.2 |
| 2 | Petronet LNG Ltd. | 275 | 41258 | 331.4 | 263.7 | 10.6 | 2.1 | 28.8 | 20.8 | 3560 | 3.4 |
| 3 | Bharat Coking Coal Ltd. | 38.9 | 18134 | 45.2 | 38.3 | 14.6 | 2.8 | 30.1 | 21 | 0 | 0 |
| 4 | Ellenbarrie Industrial Gases Ltd. | 260.8 | 3676 | 637 | 248.1 | 44.1 | 7.3 | 19.6 | 19.4 | 101 | 0 |
| 5 | Refex Industries Ltd. | 234 | 3209 | 534 | 212 | 20.3 | 2.9 | 23.1 | 20.8 | 175 | 0 |
| 6 | Stallion India Fluorochemicals Ltd. | 204.4 | 1621 | 424.2 | 59.9 | 50.2 | 5.4 | 19.7 | 15.2 | 45 | 0 |
| 7 | IRM Energy Ltd. | 244.4 | 1003 | 394.1 | 235.9 | 21.3 | 1.1 | 8.6 | 5 | 44 | 0.5 |
| 8 | Petro Carbon And Chemicals Ltd. | 220 | 543 | 225 | 150 | 57.4 | 4.2 | 5.3 | 7.4 | 0 | 0 |
| 9 | Rajasthan Securities Ltd. | 37.3 | 286 | 73.9 | 32.2 | 40.8 | 8 | 24.8 | 21.6 | 51 | 0 |
| 10 | Nilachal Carbo Metalicks Ltd. | 84 | 209 | 129.8 | 64.6 | 14.9 | 2.4 | 24.1 | 19.7 | 0 | 0 |
| 11 | Hilltone Software & Gases Ltd. | 54.5 | 72 | 93 | 25.8 | -457.4 | 4.4 | 2.4 | -1.1 | -1 | 0 |
| 12 | National Oxygen Ltd. | 89.5 | 45 | 147.4 | 71.8 | -6.4 | -5.6 | -21.6 | 0 | 1 | 0 |
| 13 | Rajasthan Cylinders & Containers Ltd. | 37.6 | 13 | 59.4 | 31.8 | -14.6 | 0.9 | -9.8 | -6.2 | -1 | 0 |
| 14 | Gagan Gases Ltd. | 22.6 | 10 | 35.8 | 17.6 | 38.3 | 3.1 | 11.8 | 8.4 | 0 | 0 |
| 15 | Bhagawati Oxygen Ltd. | 39 | 9 | 67 | 36.3 | -20 | 2.3 | -6.7 | -10.6 | 0 | 0 |
| 16 | Greenearth Resources and Projects Ltd. | 0.2 | 7 | 0 | 0 | -0.8 | -0 | -146.3 | 0 | -8 | 0 |
| 17 | Foundry Fuel Products Ltd. | 5.9 | 5 | 7.1 | 4.8 | -19.2 | -3.8 | 0 | 0 | -0 | 0 |
| 18 | Auroma Coke Ltd. | 6.3 | 4 | 0 | 0 | 15.4 | 0.1 | 1.5 | 0.7 | 0 | 0 |
| 19 | Southern Gas Ltd. | 25 | 0 | 25 | 23.8 | 0 | 0 | 10.1 | 7.7 | 2 | 0 |
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