{"id":311419,"date":"2026-10-15T17:17:14","date_gmt":"2026-10-15T11:47:14","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=311419"},"modified":"2026-10-15T17:17:14","modified_gmt":"2026-10-15T11:47:14","slug":"oil-and-gas-stocks-to-watch-multibagger-potential","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/","title":{"rendered":"2 Top Oil and Gas Stocks to Watch for Future Multibagger Potential: ONGC and Oil India"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>ONGC Rs 224.64. Oil India Rs 445.40. Market caps from Rs 72,750 crore to Rs 2.83 lakh crore. Data as of 15 Oct 2026.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">ONGC and Oil India are the 2 picks in this oil and gas stocks watchlist, with market caps between Rs 72,750 crore and Rs 2.83 lakh crore. ONGC stands out for the lowest PE of the group at 6.32, while Oil India offers the biggest five-year price gain at 183.64%. PE ratios run from 6.32 to 7.63, so compare each one with its industry PE before investing. All figures are as of 15 October 2026.<\/p>\n<\/p><\/div>\n<p>Oil and gas stocks to watch for multibagger potential start with a simple filter: size, a clean financial record and earnings that keep growing. ONGC and Oil India meet that test, with market caps from Rs 72,750 crore to Rs 2.83 lakh crore and ONGC offering the lowest PE of the group at 6.32. India imports most of the crude it uses, so domestic producers that raise output sit at the centre of the energy security story.<\/p>\n<p>This list covers upstream crude oil and natural gas producers with complete, verifiable financials, ranked by market capitalisation. Not every name here is a largecap, so the list takes the leading companies of the sector by market capitalisation. Investors screening oil and gas stocks usually begin with size and balance sheet strength, and this list follows the same logic. All figures are as of 15 October 2026 and are drawn from NSE and BSE data and company filings.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=oil-and-gas-stocks\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#What_Are_Oil_and_Gas_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\" title=\"What Are Oil and Gas Stocks and Why Do They Attract Multibagger Interest?\">What Are Oil and Gas Stocks and Why Do They Attract Multibagger Interest?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Oil_and_Gas_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\" title=\"Oil and Gas Stocks at a Glance: Price, Market Cap, PE and ROE\">Oil and Gas Stocks at a Glance: Price, Market Cap, PE and ROE<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#ONGC_Profit_Compounding_at_025_a_Year\" title=\"ONGC: Profit Compounding at 0.25% a Year\">ONGC: Profit Compounding at 0.25% a Year<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Oil_India_Quarterly_Profit_Up_9677\" title=\"Oil India: Quarterly Profit Up 96.77%\">Oil India: Quarterly Profit Up 96.77%<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Oil_and_Gas_Stocks_Financial_Comparison_on_Growth_and_Margins\" title=\"Oil and Gas Stocks: Financial Comparison on Growth and Margins\">Oil and Gas Stocks: Financial Comparison on Growth and Margins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Institutional_Holding_in_ONGC_and_Oil_India\" title=\"Institutional Holding in ONGC and Oil India\">Institutional Holding in ONGC and Oil India<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Risks_to_Weigh_in_Oil_and_Gas_Stocks\" title=\"Risks to Weigh in Oil and Gas Stocks\">Risks to Weigh in Oil and Gas Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#How_to_Choose_Between_Oil_and_Gas_Stocks\" title=\"How to Choose Between Oil and Gas Stocks\">How to Choose Between Oil and Gas Stocks<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Frequently_Asked_Questions_on_Oil_and_Gas_Stocks_to_Watch\" title=\"Frequently Asked Questions on Oil and Gas Stocks to Watch\">Frequently Asked Questions on Oil and Gas Stocks to Watch<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Which_are_the_best_oil_and_gas_stocks_to_watch_for_multibagger_potential\" title=\"Which are the best oil and gas stocks to watch for multibagger potential?\">Which are the best oil and gas stocks to watch for multibagger potential?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Is_Oil_India_a_good_stock_for_long-term_investors\" title=\"Is Oil India a good stock for long-term investors?\">Is Oil India a good stock for long-term investors?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Can_ONGC_become_a_multibagger_from_here\" title=\"Can ONGC become a multibagger from here?\">Can ONGC become a multibagger from here?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#What_is_the_market_cap_of_ONGC_and_Oil_India\" title=\"What is the market cap of ONGC and Oil India?\">What is the market cap of ONGC and Oil India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#What_are_the_risks_of_investing_in_oil_and_gas_stocks\" title=\"What are the risks of investing in oil and gas stocks?\">What are the risks of investing in oil and gas stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#Is_ONGC_trading_below_its_industry_PE\" title=\"Is ONGC trading below its industry PE?\">Is ONGC trading below its industry PE?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/oil-and-gas-stocks-to-watch-multibagger-potential\/#How_much_do_institutions_hold_in_ONGC_and_Oil_India\" title=\"How much do institutions hold in ONGC and Oil India?\">How much do institutions hold in ONGC and Oil India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Oil_and_Gas_Stocks_and_Why_Do_They_Attract_Multibagger_Interest\"><\/span><strong>What Are Oil and Gas Stocks and Why Do They Attract Multibagger Interest?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oil and gas stocks in the upstream segment find, drill and produce crude oil and natural gas, then sell it to refiners and gas buyers. Their revenue follows the price of crude and the volume they produce, so they react quickly to changes in global oil prices.<\/p>\n<p>The long-term case comes from new fields, deepwater and overseas assets, higher gas output and a steady dividend record. Producers with large cash flows can fund exploration from their own earnings, a quality investors check first in oil and gas stocks.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_and_Gas_Stocks_at_a_Glance_Price_Market_Cap_PE_and_ROE\"><\/span><strong>Oil and Gas Stocks at a Glance: Price, Market Cap, PE and ROE<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Prices are as of 15 October 2026, mid-session. ONGC has the lowest PE of the group at 6.32, while Oil India posts the highest return on equity at 11.41%.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Industry PE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">ROE<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Debt to Equity<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">52-Week Range (Rs)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/ongc\/oil-and-natural-gas-corporation-ltd-share-price-today\">Oil and Natural Gas Corporation<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">224.64<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2,83,245<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6.32<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.16<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.14%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.47<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">218.53 to 307.50<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\"><a href=\"https:\/\/univest.in\/stocks\/oil\/oil-india-ltd-share-price-today\">Oil India<\/a><\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">445.40<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">72,750<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.63<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.16<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">11.41%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.65<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">395.60 to 531.00<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"ONGC_Profit_Compounding_at_025_a_Year\"><\/span><strong>ONGC: Profit Compounding at 0.25% a Year<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>ONGC is India&#8217;s largest crude oil and natural gas producer, owned by the Government of India, with an overseas arm in ONGC Videsh. It reported FY26 revenue of Rs 6,21,019.28 crore and net profit of Rs 49,793.10 crore, up 29.91%. Revenue has compounded at 5.64% a year since FY22. Operating margin was 17.82% in FY26. The debt-to-equity ratio is 0.47.<\/p>\n<p>Revenue for the June 2026 quarter rose 25.48% to Rs 2,07,775.93 crore, at an operating margin of 9.44%. Foreign investors raised their holding from 7.09% in June 2025 to 8.01% in June 2026. The stock trades at a PE of 6.32 against an industry PE of 7.16, below the sector average. The dividend yield is 3.22%.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_India_Quarterly_Profit_Up_9677\"><\/span><strong>Oil India: Quarterly Profit Up 96.77%<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Oil India is a government-owned oil and gas exploration and production company with operations in Assam, Rajasthan and overseas blocks. It reported FY26 revenue of Rs 35,877.28 crore, up 4.97% year on year, and net profit of Rs 7,550.67 crore, up 7.26%. Revenue has compounded at 7.32% a year since FY22. Operating margin was 36.43% in FY26.<\/p>\n<p>The stock trades at a PE of 7.63 against an industry PE of 7.16. The dividend yield is 2.57%. In the June 2026 quarter, revenue rose 46.98% to Rs 13,236.10 crore and net profit grew 96.77% to Rs 4,026.83 crore. The share price has gained 183.64% over five years. Domestic institutions raised their holding from 18.41% in June 2025 to 20.14% in June 2026.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Oil_and_Gas_Stocks_Financial_Comparison_on_Growth_and_Margins\"><\/span><strong>Oil and Gas Stocks: Financial Comparison on Growth and Margins<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares scale and growth across these oil and gas stocks. Latest quarter means the most recent reported quarter for each company, and only metrics that are positive for every company are shown.<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Revenue CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">4-Year Net Profit CAGR<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Latest Quarter Revenue Growth<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Operating Margin (Latest Quarter)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">ONGC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">6,21,019.28<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">49,793.10<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">5.64%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">0.25%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">25.48%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">9.44%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Oil India<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">35,877.28<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7,550.67<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.32%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">2.96%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">46.98%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">49.06%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these oil and gas stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Institutional_Holding_in_ONGC_and_Oil_India\"><\/span><strong>Institutional Holding in ONGC and Oil India<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Institutional holding shows who is backing these crude oil shares alongside the promoter. The table uses the latest reported quarter for each. Oil India has the deepest institutional backing, with FII and DII together holding 27.42% as of June 2026. Domestic institutions increased their holding over the past year in Oil India (from 18.41% to 20.14%).<\/p>\n<table style=\"border-collapse:collapse;width:100%;margin:16px 0;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Stock<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Promoter<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">FII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">DII<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Public<\/th>\n<th style=\"border:1px solid #BBBBBB;background:#1F4E79;color:#FFFFFF;padding:8px;text-align:left;\">Quarter<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">ONGC<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">58.89%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">8.01%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">19.31%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">13.79%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">Oil India<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">56.66%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">7.28%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">20.14%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">15.93%<\/td>\n<td style=\"border:1px solid #BBBBBB;padding:8px;\">June 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Weigh_in_Oil_and_Gas_Stocks\"><\/span><strong>Risks to Weigh in Oil and Gas Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Being careful with oil and gas stocks means looking at what can slow the story as well as what can speed it up. Four points matter most:<\/p>\n<ul>\n<li>Earnings move with international crude prices and the rupee, so profits can swing between quarters.<\/li>\n<li>Government levies on crude and gas pricing rules can change what the producer actually keeps.<\/li>\n<li><strong>Valuation:<\/strong> Oil India trades at a PE of 7.63 against an industry PE of 7.16, so earnings need to keep growing to support the price.<\/li>\n<li><strong>Concentration:<\/strong> Holding both names puts the allocation in one sector, so size each position to match your risk appetite.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Choose_Between_Oil_and_Gas_Stocks\"><\/span><strong>How to Choose Between Oil and Gas Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Picking from oil and gas stocks comes down to four checks, applied in order.<\/p>\n<ol>\n<li>Check balance sheet strength first, and prefer a debt-to-equity ratio below 1 for non-financial companies.<\/li>\n<li>Compare each PE with the industry PE (7.16) and ask whether the growth rate justifies any gap.<\/li>\n<li>Track crude realisation, production volumes and the dividend payout, because these drive both earnings and shareholder returns.<\/li>\n<li>Stagger entries across quarters and review institutional holding every reporting season.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track ONGC and Oil India live prices.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among oil and gas stocks, ONGC stands out for the lowest PE of the group at 6.32 and Oil India for the biggest five-year price gain at 183.64%. Which one suits a portfolio depends on how much valuation risk it can carry, so staggering entries and reviewing each quarterly result is a sound habit. Investors comparing oil and gas stocks should rank them on growth, financial strength and the price paid, and anyone who wants personalised guidance can consult a SEBI-registered advisor before acting.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_on_Oil_and_Gas_Stocks_to_Watch\"><\/span><strong>Frequently Asked Questions on Oil and Gas Stocks to Watch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_oil_and_gas_stocks_to_watch_for_multibagger_potential\"><\/span><strong>Which are the best oil and gas stocks to watch for multibagger potential?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ONGC and Oil India are the 2 names this list highlights, with market caps of Rs 2,83,245 crore and Rs 72,750 crore respectively. ONGC is notable for the lowest PE of the group at 6.32. Oil India stands out for the biggest five-year price gain at 183.64%. These are watchlist names for oil and gas stocks, not recommendations, so match each one to your own risk profile and time horizon.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Oil_India_a_good_stock_for_long-term_investors\"><\/span><strong>Is Oil India a good stock for long-term investors?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Oil India has a return on equity of 11.41%, a PE of 7.63 against an industry PE of 7.16 and a market cap of Rs 72,750 crore. FY26 revenue rose 4.97%, and June 2026 quarter net profit grew 96.77%. Long-term returns in oil and gas stocks depend on earnings growth and the price paid at entry, so staggering purchases and consulting a SEBI-registered advisor is sensible.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_ONGC_become_a_multibagger_from_here\"><\/span><strong>Can ONGC become a multibagger from here?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ONGC has a market cap of Rs 2,83,245 crore. A multibagger outcome in crude oil shares requires earnings to keep growing faster than the market for several years. June 2026 quarter revenue grew 25.48%. At a PE of 6.32 against an industry PE of 7.16, valuation should be checked against that growth before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_market_cap_of_ONGC_and_Oil_India\"><\/span><strong>What is the market cap of ONGC and Oil India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of 15 October 2026, ONGC has a market cap of Rs 2,83,245 crore and Oil India has a market cap of Rs 72,750 crore. ONGC is the largest of the group. Market cap changes daily with the share price, so check the latest figure on the Univest Screener or on NSE before taking a decision on oil and gas stocks.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_oil_and_gas_stocks\"><\/span><strong>What are the risks of investing in oil and gas stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are crude price swings, policy levies and project timelines. Producers earn more when crude is firm and less when it eases, and government taxes or pricing rules can change net realisation. Large cash flows and a record of regular dividends help cushion these swings. Oil India trades at a PE of 7.63 against an industry PE of 7.16, so earnings growth needs to hold up.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_ONGC_trading_below_its_industry_PE\"><\/span><strong>Is ONGC trading below its industry PE?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> ONGC trades at a PE of 6.32 against an industry PE of 7.16. A lower PE means investors pay less for each rupee of earnings, but it should be read with growth (June 2026 quarter revenue grew 25.48%) and balance sheet strength before drawing a conclusion.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_much_do_institutions_hold_in_ONGC_and_Oil_India\"><\/span><strong>How much do institutions hold in ONGC and Oil India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> As of the latest reported quarter, FII and DII together hold 27.32% of ONGC (8.01% and 19.31%) and 27.42% of Oil India (7.28% and 20.14%). Rising institutional holding is a useful signal in oil and gas stocks, though it should be read with earnings trends rather than on its own.<\/p>\n<p><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best oil and gas stocks to watch for multibagger potential?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"ONGC and Oil India are the 2 names this list highlights, with market caps of Rs 2,83,245 crore and Rs 72,750 crore respectively. ONGC is notable for the lowest PE of the group at 6.32. Oil India stands out for the biggest five-year price gain at 183.64%. 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