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 130289 crores. The market capitalization data is updated as on 18 Mar 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. | 7221.5 | 61588 | 7865 | 5202.4 | 135.4 | 16.1 | 17.2 | 12.5 | 535 | 0.2 |
| 2 | Petronet LNG Ltd. | 291.6 | 43740 | 326.5 | 263.7 | 11.3 | 2.2 | 28.8 | 20.8 | 3539 | 3.4 |
| 3 | Bharat Coking Coal Ltd. | 34.8 | 16202 | 45.2 | 28 | 13.1 | 2.5 | 30.1 | 21 | 402 | 0 |
| 4 | Ellenbarrie Industrial Gases Ltd. | 209.1 | 2947 | 637 | 175 | 35.4 | 5.8 | 19.6 | 19.4 | 101 | 0 |
| 5 | Refex Industries Ltd. | 206.8 | 2838 | 534 | 190 | 17.9 | 2.5 | 23.1 | 20.8 | 175 | 0 |
| 6 | Stallion India Fluorochemicals Ltd. | 118.3 | 938 | 360.7 | 52.7 | 29 | 3.7 | 19.7 | 15.2 | 46 | 0 |
| 7 | IRM Energy Ltd. | 203.3 | 835 | 394.1 | 197.5 | 17.7 | 0.9 | 8.6 | 5 | 48 | 0.5 |
| 8 | Petro Carbon And Chemicals Ltd. | 240 | 593 | 267.5 | 150 | 62.6 | 4.6 | 5.3 | 7.4 | 0 | 0 |
| 9 | Rajasthan Securities Ltd. | 34.8 | 268 | 67 | 29 | 38.2 | 7.5 | 24.8 | 21.6 | 21 | 0 |
| 10 | Nilachal Carbo Metalicks Ltd. | 72 | 179 | 129.8 | 64.6 | 12.8 | 2.1 | 24.1 | 19.7 | 0 | 0 |
| 11 | Hilltone Software & Gases Ltd. | 52.7 | 69 | 93 | 29.9 | -442.3 | 4.2 | 2.4 | -1.1 | -0 | 0 |
| 12 | National Oxygen Ltd. | 75.2 | 38 | 147.4 | 60 | -5.4 | -4.7 | -21.6 | 0 | 1 | 0 |
| 13 | Gagan Gases Ltd. | 34.2 | 15 | 37.7 | 17.6 | 58 | 4.7 | 11.8 | 8.4 | 0 | 0 |
| 14 | Rajasthan Cylinders & Containers Ltd. | 30.5 | 10 | 59.4 | 28.5 | -11.9 | 0.8 | -9.8 | -6.2 | -1 | 0 |
| 15 | Bhagawati Oxygen Ltd. | 37 | 9 | 67 | 33.6 | -19 | 2.2 | -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. | 6.6 | 5 | 7 | 4.8 | -21.4 | -4.3 | 0 | 0 | -0 | 0 |
| 18 | Auroma Coke Ltd. | 6.3 | 4 | 0 | 0 | 15.4 | 0.1 | 1.5 | 0.7 | 0 | 0 |
| 19 | Bhagawati Gas Ltd. | 2.1 | 4 | 2.1 | 0.8 | 24.8 | 0.2 | 7.2 | 1 | -2 | 0 |
| 20 | The Southern Gas Ltd. | 25 | 0 | 25 | 23.8 | 0 | 0 | 10.1 | 7.7 | 2 | 0 |
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