Following is the list of Top Industrial Gases & Fuels companies in India in 2026 sorted by market cap. There are a total of 20 number of listed companies with a total of market capitalization of 127018 crores. The market capitalization data is updated as on 08 Apr 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. | 7206 | 61456 | 7865 | 5652.8 | 135.1 | 16.1 | 17.2 | 12.5 | 535 | 0.2 |
| 2 | Petronet LNG Ltd. | 269.5 | 40425 | 326.5 | 235.4 | 10.4 | 2 | 28.8 | 20.8 | 3539 | 3.4 |
| 3 | Bharat Coking Coal Ltd. | 33.8 | 15727 | 45.2 | 28 | 12.7 | 2.4 | 30.1 | 21 | 402 | 0 |
| 4 | Ellenbarrie Industrial Gases Ltd. | 222.7 | 3139 | 637 | 175 | 37.7 | 6.2 | 19.6 | 19.4 | 101 | 0 |
| 5 | Refex Industries Ltd. | 223.7 | 3069 | 534 | 188 | 19.4 | 2.7 | 23.1 | 20.8 | 175 | 0 |
| 6 | Stallion India Fluorochemicals Ltd. | 135.5 | 1075 | 360.7 | 53.1 | 33.2 | 4.2 | 19.7 | 15.2 | 46 | 0 |
| 7 | IRM Energy Ltd. | 193.2 | 793 | 394.1 | 165.6 | 16.9 | 0.8 | 8.6 | 5 | 48 | 0.5 |
| 8 | Petro Carbon And Chemicals Ltd. | 251.5 | 621 | 267.5 | 150 | 65.6 | 4.8 | 5.3 | 7.4 | 0 | 0 |
| 9 | Rajasthan Securities Ltd. | 46.6 | 359 | 67 | 29 | 51.1 | 10 | 24.8 | 21.6 | 21 | 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. | 48 | 63 | 93 | 31.6 | -402.8 | 3.8 | 2.4 | -1.1 | -0 | 0 |
| 12 | National Oxygen Ltd. | 68.2 | 34 | 147.4 | 57 | -4.9 | -4.3 | -21.6 | 0 | 1 | 0 |
| 13 | Rajasthan Cylinders & Containers Ltd. | 32.9 | 11 | 59.4 | 27.5 | -12.8 | 0.8 | -9.8 | -6.2 | -1 | 0 |
| 14 | Gagan Gases Ltd. | 18.5 | 8 | 37.7 | 17.6 | 31.4 | 2.5 | 11.8 | 8.4 | 0 | 0 |
| 15 | Bhagawati Oxygen Ltd. | 36.7 | 8 | 67 | 33.6 | -18.8 | 2.1 | -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. | 6.3 | 5 | 7 | 5 | -20.5 | -4.1 | 0 | 0 | -0 | 0 |
| 18 | Bhagawati Gas Ltd. | 3.1 | 5 | 3.1 | 0.8 | 36.7 | 0.4 | 7.2 | 1 | -2 | 0 |
| 19 | Auroma Coke Ltd. | 6.3 | 4 | 0 | 0 | 15.4 | 0.1 | 1.5 | 0.7 | 0 | 0 |
| 20 | The Southern Gas Ltd. | 25 | 0 | 25 | 23.8 | 0 | 0 | 10.1 | 7.7 | 2 | 0 |
Looking to buy unlisted shares or need guidance on the investment process? Our expert Private Equity Advisors are here to assist you with accurate information, real-time pricing, and seamless execution.
Want to sell unlisted shares, liquidate your ESOPs, or understand the step-by-step process of liquidation? Connect with our Buying Team for smooth coordination, quick evaluations, and end-to-end support.
Planning to build or grow your portfolio? For Mutual Fund investments, PMS solutions, tailored portfolio creation, and overall wealth management, our dedicated Wealth Team is ready to guide you.
