Following is the list of Top Industrial Gases & Fuels companies in India in 2025 sorted by market cap. There are a total of 18 number of listed companies with a total of market capitalization of 115105 crores. The market capitalization data is updated as on 16 Sep 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. | 6510.5 | 55524 | 8781.2 | 5202.4 | 122.1 | 14.5 | 17.2 | 12.5 | 441 | 0.2 |
| 2 | Petronet LNG Ltd. | 279.3 | 41895 | 368.7 | 268 | 10.8 | 2.1 | 28.8 | 20.8 | 3608 | 3.4 |
| 3 | Ellenbarrie Industrial Gases Ltd. | 544.6 | 7676 | 637 | 485.6 | 92.2 | 15.2 | 19.6 | 19.4 | 37 | 0 |
| 4 | Refex Industries Ltd. | 357.6 | 4624 | 600 | 334.1 | 29.2 | 4.4 | 23.1 | 20.8 | 150 | 0 |
| 5 | Stallion India Fluorochemicals Ltd. | 205.5 | 1630 | 217 | 59.9 | 50.4 | 5.4 | 19.7 | 15.2 | 42 | 0 |
| 6 | Confidence Petroleum India Ltd. | 48.1 | 1597 | 98.5 | 44.8 | 15.2 | 1.3 | 15.5 | 11 | 93 | 0.1 |
| 7 | IRM Energy Ltd. | 275.1 | 1130 | 478 | 235.9 | 12.3 | 1.2 | 16.3 | 14.3 | 43 | 0.3 |
| 8 | Petro Carbon And Chemicals Ltd. | 181.5 | 448 | 313.8 | 150 | 5.4 | 3.8 | 61.8 | 105.6 | 0 | 0 |
| 9 | Rajasthan Gases Ltd. | 38 | 292 | 76.2 | 31 | -585.5 | 10.1 | -0.6 | -3.4 | 17 | 0 |
| 10 | Nilachal Carbo Metalicks Ltd. | 71.4 | 178 | 71.4 | 64.6 | 12.7 | 2 | 24.1 | 19.7 | 0 | 0 |
| 11 | National Oxygen Ltd. | 117.6 | 59 | 165 | 95 | -18.3 | -59.3 | -5.7 | 0 | -8 | 0 |
| 12 | Rajasthan Cylinders & Containers Ltd. | 38 | 13 | 59.4 | 33 | -17.6 | 0.9 | -3.9 | -4.8 | -1 | 0 |
| 13 | Gagan Gases Ltd. | 25.8 | 12 | 35.8 | 17.6 | 193.9 | 3.8 | 4.1 | 2 | 0 | 0 |
| 14 | Bhagawati Oxygen Ltd. | 47.4 | 11 | 72.3 | 36.3 | 26.7 | 2.4 | 12.9 | 9.5 | -0 | 0 |
| 15 | Greenearth Resources and Projects Ltd. | 0.2 | 7 | 0 | 0 | -0.8 | -0 | -146.3 | 0 | -8 | 0 |
| 16 | Foundry Fuel Products Ltd. | 6.7 | 5 | 10.3 | 4.8 | -21.5 | -5.4 | 0 | 0 | -0 | 0 |
| 17 | Auroma Coke Ltd. | 6.3 | 4 | 0 | 0 | 15.4 | 0.1 | 1.5 | 0.7 | 0 | 0 |
| 18 | Southern Gas Ltd. | 25 | 0 | 25 | 23.8 | 0 | 0 | 11.2 | 8.3 | 2 | 0 |