Following is the list of Top Industrial Gases & Fuels companies in India in 2025 sorted by market cap. There are a total of 19 number of listed companies with a total of market capitalization of 104679 crores. The market capitalization data is updated as on 18 Dec 2025
| # | Company | CMP | M Cap | 52W High | 52W Low | PE | PB | ROCE Last Yr | ROE Last Yr | PAT TTM | Div Yield |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Linde India Ltd. | 5942 | 50676 | 7865 | 5202.4 | 111.4 | 13.3 | 17.2 | 12.5 | 506 | 0.2 |
| 2 | Petronet LNG Ltd. | 268.6 | 40298 | 349.2 | 263.7 | 10.4 | 2 | 28.8 | 20.8 | 3560 | 3.4 |
| 3 | Ellenbarrie Industrial Gases Ltd. | 341 | 4805 | 637 | 339.2 | 57.7 | 9.5 | 19.6 | 19.4 | 101 | 0 |
| 4 | Refex Industries Ltd. | 274.4 | 3764 | 534 | 212 | 23.8 | 3.4 | 23.1 | 20.8 | 164 | 0 |
| 5 | Stallion India Fluorochemicals Ltd. | 205.7 | 1632 | 424.2 | 59.9 | 50.5 | 5.4 | 19.7 | 15.2 | 45 | 0 |
| 6 | IRM Energy Ltd. | 277.6 | 1140 | 394.1 | 235.9 | 24.2 | 1.2 | 8.6 | 5 | 44 | 0.5 |
| 7 | Confidence Petroleum India Ltd. | 33.5 | 1113 | 77.3 | 32.6 | 12.7 | 0.8 | 11.1 | 7.1 | 92 | 0.2 |
| 8 | Petro Carbon And Chemicals Ltd. | 195 | 482 | 228 | 150 | 50.9 | 3.8 | 5.3 | 7.4 | 0 | 0 |
| 9 | Rajasthan Securities Ltd. | 40.4 | 310 | 76.2 | 32.2 | 44.3 | 8.6 | 24.8 | 21.6 | 51 | 0 |
| 10 | Nilachal Carbo Metalicks Ltd. | 106 | 264 | 129.6 | 64.6 | 18.9 | 3 | 24.1 | 19.7 | 0 | 0 |
| 11 | Hilltone Software & Gases Ltd. | 75 | 99 | 84 | 19.2 | -629.5 | 6 | 2.4 | -1.1 | -1 | 0 |
| 12 | National Oxygen Ltd. | 89 | 45 | 165 | 89 | -6.4 | -5.6 | -21.6 | 0 | 1 | 0 |
| 13 | Rajasthan Cylinders & Containers Ltd. | 37.8 | 13 | 59.4 | 33 | -14.7 | 0.9 | -9.8 | -6.2 | -1 | 0 |
| 14 | Gagan Gases Ltd. | 23.4 | 11 | 35.8 | 17.6 | 39.8 | 3.2 | 11.8 | 8.4 | 0 | 0 |
| 15 | Bhagawati Oxygen Ltd. | 42 | 10 | 72.3 | 36.3 | -21.5 | 2.4 | -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. | 7 | 6 | 7.3 | 4.8 | -22.7 | -4.5 | 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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