{"id":338501,"date":"2026-11-04T11:18:57","date_gmt":"2026-11-04T05:48:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=338501"},"modified":"2026-11-04T11:18:57","modified_gmt":"2026-11-04T05:48:57","slug":"integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/","title":{"rendered":"3 Integrated Aluminium Producer, City Gas Distribution Company and Oil Refining and Marketing Company Stocks With a Strong Future Roadmap: National Aluminium Company, Indraprastha Gas and Bharat Petroleum"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E84;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>National Aluminium Company, Indraprastha Gas and Bharat Petroleum: ROE of 13.5% to 26.8% and FY22 to FY26 revenue CAGR of 6.3% to 20.3%. Prices as of 3 Nov 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:#1F4E84;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The three aluminium, city gas and refiner stocks to watch are National Aluminium Company, Indraprastha Gas and Bharat Petroleum. Their return on equity ranges from 13.5% to 26.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.3% to 20.3%. National Aluminium Company has the highest return on equity at 26.8%, while Indraprastha Gas has the fastest revenue growth at 20.3% a year. Prices are based on the 3 November 2026 close, and this article is educational, not investment advice.<\/p>\n<\/div>\n<p>Aluminium, city gas and refiner stocks let investors follow companies that serve a growing part of the Indian economy. National Aluminium Company, Indraprastha Gas and Bharat Petroleum cover an integrated aluminium producer, a city gas distribution company and an oil refining and marketing company.<\/p>\n<p>This list covers three aluminium, city gas and refiner stocks with complete current figures: National Aluminium Company, Indraprastha Gas and Bharat Petroleum. Every figure comes from the latest reported financials and the 3 November 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#What_Are_Aluminium_City_Gas_and_Refiner_Stocks\" title=\"What Are Aluminium, City Gas and Refiner Stocks?\">What Are Aluminium, City Gas and Refiner Stocks?<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Aluminium_City_Gas_and_Refiner_Stocks_at_a_Glance\" title=\"Aluminium, City Gas and Refiner Stocks at a Glance\">Aluminium, City Gas and Refiner Stocks at a Glance<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Why_Do_Aluminium_City_Gas_and_Refiner_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Aluminium, City Gas and Refiner Stocks Have a Strong Roadmap in India?\">Why Do Aluminium, City Gas and Refiner Stocks Have a Strong Roadmap in India?<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Why_National_Aluminium_Company_Features_Among_These_Aluminium_City_Gas_and_Refiner_Stocks\" title=\"Why National Aluminium Company Features Among These Aluminium, City Gas and Refiner Stocks\">Why National Aluminium Company Features Among These Aluminium, City Gas and Refiner Stocks<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Why_Indraprastha_Gas_Features_Among_These_Aluminium_City_Gas_and_Refiner_Stocks\" title=\"Why Indraprastha Gas Features Among These Aluminium, City Gas and Refiner Stocks\">Why Indraprastha Gas Features Among These Aluminium, City Gas and Refiner Stocks<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Why_Bharat_Petroleum_Features_Among_These_Aluminium_City_Gas_and_Refiner_Stocks\" title=\"Why Bharat Petroleum Features Among These Aluminium, City Gas and Refiner Stocks\">Why Bharat Petroleum Features Among These Aluminium, City Gas and Refiner Stocks<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#National_Aluminium_Company_vs_Indraprastha_Gas_vs_Bharat_Petroleum_on_Key_Financials\" title=\"National Aluminium Company vs Indraprastha Gas vs Bharat Petroleum on Key Financials\">National Aluminium Company vs Indraprastha Gas vs Bharat Petroleum on Key Financials<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Key_Risks_to_Check_Before_Investing_in_Aluminium_City_Gas_and_Refiner_Stocks\" title=\"Key Risks to Check Before Investing in Aluminium, City Gas and Refiner Stocks\">Key Risks to Check Before Investing in Aluminium, City Gas and Refiner 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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Final_Thoughts_on_Aluminium_City_Gas_and_Refiner_Stocks\" title=\"Final Thoughts on Aluminium, City Gas and Refiner Stocks\">Final Thoughts on Aluminium, City Gas and Refiner Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#What_are_aluminium_city_gas_and_refiner_stocks\" title=\"What are aluminium, city gas and refiner stocks?\">What are aluminium, city gas and refiner stocks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Which_aluminium_city_gas_and_refiner_stocks_are_covered_in_this_list\" title=\"Which aluminium, city gas and refiner stocks are covered in this list?\">Which aluminium, city gas and refiner stocks are covered in this list?<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Why_do_aluminium_city_gas_and_refiner_stocks_have_a_strong_future_roadmap_in_India\" title=\"Why do aluminium, city gas and refiner stocks have a strong future roadmap in India?\">Why do aluminium, city gas and refiner stocks have a strong future roadmap in India?<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#How_has_National_Aluminium_Company_performed_financially\" title=\"How has National Aluminium Company performed financially?\">How has National Aluminium Company performed financially?<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#How_has_Indraprastha_Gas_performed_financially\" title=\"How has Indraprastha Gas performed financially?\">How has Indraprastha Gas performed financially?<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#How_has_Bharat_Petroleum_performed_financially\" title=\"How has Bharat Petroleum performed financially?\">How has Bharat Petroleum performed financially?<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#What_risks_should_investors_check_before_buying_aluminium_city_gas_and_refiner_stocks\" title=\"What risks should investors check before buying aluminium, city gas and refiner stocks?\">What risks should investors check before buying aluminium, city gas and refiner stocks?<\/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\/integrated-aluminium-producer-city-gas-distribution-company-and-oil-refining-and-marketing-company-stocks-roadmap-skyline-list\/#Is_this_list_of_aluminium_city_gas_and_refiner_stocks_investment_advice\" title=\"Is this list of aluminium, city gas and refiner stocks investment advice?\">Is this list of aluminium, city gas and refiner stocks investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Aluminium_City_Gas_and_Refiner_Stocks\"><\/span><strong>What Are Aluminium, City Gas and Refiner Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aluminium, city gas and refiner stocks are listed companies that mine bauxite and produce alumina and aluminium, supply piped and compressed natural gas in Delhi NCR and other regions, and refine crude oil and sell fuels. Their earnings depend on metal prices, gas volumes and fuel demand.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aluminium_City_Gas_and_Refiner_Stocks_at_a_Glance\"><\/span><strong>Aluminium, City Gas and Refiner Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE (%)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">D\/E<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/nationalum\/national-aluminium-company-ltd-share-price-today\">National Aluminium Company<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">317.55<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">58,387<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">26.8<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.00<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/igl\/indraprastha-gas-ltd-share-price-today\">Indraprastha Gas<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">133.28<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">19,943<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.7<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.3<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.5<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.01<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/bpcl\/bharat-petroleum-corporation-ltd-share-price-today\">Bharat Petroleum<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">296.9<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">128,116<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">8.1<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.4<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.6<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">0.62<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>On valuation, National Aluminium Company and Bharat Petroleum trade at a P\/E below the industry P\/E, while Indraprastha Gas trades above it, which reflects the growth the market already expects. Readers comparing aluminium, city gas and refiner stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Aluminium_City_Gas_and_Refiner_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Aluminium, City Gas and Refiner Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aluminium, city gas and refiner stocks have a strong roadmap in India because lighter metal demand, wider cleaner fuel use and growing fuel consumption keep widening the market for these energy and metal companies.<\/p>\n<ul>\n<li><strong>Light metal.<\/strong> Aluminium serves power and vehicles.<\/li>\n<li><strong>Cleaner fuel.<\/strong> More vehicles and homes use gas.<\/li>\n<li><strong>Fuel volumes.<\/strong> Retail fuel sales keep growing.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Why_National_Aluminium_Company_Features_Among_These_Aluminium_City_Gas_and_Refiner_Stocks\"><\/span><strong>Why National Aluminium Company Features Among These Aluminium, City Gas and Refiner Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the aluminium, city gas and refiner stocks on this list, National Aluminium Company, known as NALCO, is a public sector firm that mines bauxite, refines alumina and produces aluminium, with captive power generation in Odisha.<\/p>\n<p>In the June 2026 quarter, revenue grew 39.3% year on year to Rs 5,476 crore, while net profit rose 90.9% to Rs 2,003 crore. Revenue rose from Rs 14,478 crore in FY22 to Rs 18,509 crore in FY26, a compound annual growth rate of 6.3%.<\/p>\n<p>Net profit grew from Rs 2,951 crore in FY22 to Rs 5,797 crore in FY26, which works out to a compound annual growth rate of 18.4%. The company has a return on equity of 26.8%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 58,387 crore. The stock trades at a P\/E of 8.7, below the industry P\/E of 11.6.<\/p>\n<p><strong>Roadmap:<\/strong> The company is one of the lowest-cost integrated aluminium producers and plans to expand its mine, refinery and smelter capacity. A debt-free balance sheet and strong cash flows support these investments.<\/p>\n<p><strong>What to watch:<\/strong> Follow aluminium and alumina price trends and the pace of its expansion projects.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Indraprastha_Gas_Features_Among_These_Aluminium_City_Gas_and_Refiner_Stocks\"><\/span><strong>Why Indraprastha Gas Features Among These Aluminium, City Gas and Refiner Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the energy and metal shares on this list, Indraprastha Gas distributes compressed natural gas to vehicles and piped natural gas to homes, businesses and industries in Delhi NCR and other licensed regions.<\/p>\n<p>The company has a return on equity of 13.5%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 19,943 crore. The stock trades at a P\/E of 14.7, above the industry P\/E of 14.3.<\/p>\n<p>Revenue rose from Rs 7,887 crore in FY22 to Rs 16,541 crore in FY26, a compound annual growth rate of 20.3%. Net profit for FY26 was Rs 1,544 crore, a net margin of 9.3%. In the June 2026 quarter, revenue grew 16.5% year on year to Rs 5,145 crore.<\/p>\n<p><strong>Roadmap:<\/strong> The company benefits from growing use of cleaner fuel in vehicles and homes and from new geographic areas it serves. A growing station network and household connections add to volumes.<\/p>\n<p><strong>What to watch:<\/strong> Track gas volumes, new station additions and input gas costs.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Bharat_Petroleum_Features_Among_These_Aluminium_City_Gas_and_Refiner_Stocks\"><\/span><strong>Why Bharat Petroleum Features Among These Aluminium, City Gas and Refiner Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the three companies on this list, Bharat Petroleum Corporation is a public sector oil marketing and refining company that refines crude oil and sells petrol, diesel, cooking gas and lubricants through a nationwide network of fuel stations.<\/p>\n<p>Revenue rose from Rs 349,060 crore in FY22 to Rs 458,527 crore in FY26, a compound annual growth rate of 7.1%. Net profit grew from Rs 11,682 crore in FY22 to Rs 25,843 crore in FY26, which works out to a compound annual growth rate of 22.0%.<\/p>\n<p>The company has a return on equity of 15.6%, a debt to equity ratio of 0.62 and a market capitalisation of Rs 128,116 crore. The stock trades at a P\/E of 8.1, below the industry P\/E of 15.4.<\/p>\n<p><strong>Roadmap:<\/strong> The company is expanding its refining and petrochemical capacity and building a presence in gas, renewable energy and electric vehicle charging. A large retail fuel network gives it steady demand across the country.<\/p>\n<p><strong>What to watch:<\/strong> Follow refining margins, fuel demand and progress on new capacity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"National_Aluminium_Company_vs_Indraprastha_Gas_vs_Bharat_Petroleum_on_Key_Financials\"><\/span><strong>National Aluminium Company vs Indraprastha Gas vs Bharat Petroleum on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table below sets the three aluminium, city gas and refiner stocks side by side on revenue, profit and margin, using reported figures.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<thead>\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY22 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Revenue (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Revenue CAGR (FY22-FY26)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Profit (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">FY26 Net Margin<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">National Aluminium Company<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14,478<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18,509<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5,797<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">31.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Indraprastha Gas<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7,887<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16,541<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">20.3%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,544<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Bharat Petroleum<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">349,060<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">458,527<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">7.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25,843<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.6%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>National Aluminium Company posts the highest return on equity in this group at 26.8%. Bharat Petroleum has the largest FY26 revenue at Rs 458,527 crore, and Indraprastha Gas shows the fastest revenue growth with a 20.3% compound annual rate. A useful habit with aluminium, city gas and refiner stocks is to check each new quarterly result against the capacity plans the company described earlier.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_to_Check_Before_Investing_in_Aluminium_City_Gas_and_Refiner_Stocks\"><\/span><strong>Key Risks to Check Before Investing in Aluminium, City Gas and Refiner Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Every theme carries risks that deserve a check before any decision. For these aluminium, city gas and refiner stocks, the main points are: Long-term energy and metal shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.<\/p>\n<ul>\n<li><strong>Gas prices and rules.<\/strong> Gas costs and regulated tariffs can influence earnings.<\/li>\n<li><strong>Commodity prices.<\/strong> Selling prices follow global and domestic markets.<\/li>\n<li><strong>Valuation levels.<\/strong> Some of these companies trade at high earnings multiples, so growth must continue to justify them.<\/li>\n<\/ul>\n<p>Treat this list as a starting point for research and not as a recommendation. Read the latest results presentation, check the management commentary on order books or capacity plans, and compare each company with its peers before you decide anything.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Use the Univest Stock Screener<\/a><\/strong> to filter aluminium, city gas and refiner stocks by market capitalisation, P\/E, ROE and growth, and build your own shortlist.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Thoughts_on_Aluminium_City_Gas_and_Refiner_Stocks\"><\/span><strong>Final Thoughts on Aluminium, City Gas and Refiner Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aluminium, city gas and refiner stocks reward investors who follow demand trends, order books and margins together. National Aluminium Company, Indraprastha Gas and Bharat Petroleum each have a clear plan to grow. Based on the 3 November 2026 close, National Aluminium Company trades at Rs 317.55, Indraprastha Gas at Rs 133.28 and Bharat Petroleum at Rs 296.9.<\/p>\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 aluminium, city gas and refiner stocks, set price alerts and get research-backed stock ideas.<\/em><\/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<\/div>\n<h3><span class=\"ez-toc-section\" id=\"What_are_aluminium_city_gas_and_refiner_stocks\"><\/span><strong>What are aluminium, city gas and refiner stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Aluminium, city gas and refiner stocks are listed companies that mine bauxite and produce alumina and aluminium, supply piped and compressed natural gas in Delhi NCR and other regions, and refine crude oil and sell fuels. Their earnings depend on metal prices, gas volumes and fuel demand. This list looks at three of them, National Aluminium Company, Indraprastha Gas and Bharat Petroleum, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_aluminium_city_gas_and_refiner_stocks_are_covered_in_this_list\"><\/span><strong>Which aluminium, city gas and refiner stocks are covered in this list?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This list covers National Aluminium Company, Indraprastha Gas and Bharat Petroleum. Based on the 3 November 2026 close, National Aluminium Company traded at Rs 317.55, Indraprastha Gas at Rs 133.28 and Bharat Petroleum at Rs 296.9. Their return on equity ranges from 13.5% to 26.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.3% to 20.3%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_do_aluminium_city_gas_and_refiner_stocks_have_a_strong_future_roadmap_in_India\"><\/span><strong>Why do aluminium, city gas and refiner stocks have a strong future roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Aluminium, city gas and refiner stocks have a strong roadmap in India because lighter metal demand, wider cleaner fuel use and growing fuel consumption keep widening the market for these energy and metal companies. The main drivers are as follows. Light metal. Aluminium serves power and vehicles. Cleaner fuel. More vehicles and homes use gas. Fuel volumes. Retail fuel sales keep growing. Together these factors give the companies on this list a visible path for growth over the coming years.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_National_Aluminium_Company_performed_financially\"><\/span><strong>How has National Aluminium Company performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 14,478 crore in FY22 to Rs 18,509 crore in FY26, a compound annual growth rate of 6.3%. Net profit grew from Rs 2,951 crore in FY22 to Rs 5,797 crore in FY26, which works out to a compound annual growth rate of 18.4%. In the June 2026 quarter, revenue grew 39.3% year on year to Rs 5,476 crore, while net profit rose 90.9% to Rs 2,003 crore. The company has a return on equity of 26.8%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 58,387 crore. The stock trades at a P\/E of 8.7, below the industry P\/E of 11.6. Looking ahead, the company is one of the lowest-cost integrated aluminium producers and plans to expand its mine, refinery and smelter capacity. A debt-free balance sheet and strong cash flows support these investments.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Indraprastha_Gas_performed_financially\"><\/span><strong>How has Indraprastha Gas performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 7,887 crore in FY22 to Rs 16,541 crore in FY26, a compound annual growth rate of 20.3%. Net profit for FY26 was Rs 1,544 crore, a net margin of 9.3%. In the June 2026 quarter, revenue grew 16.5% year on year to Rs 5,145 crore. The company has a return on equity of 13.5%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 19,943 crore. The stock trades at a P\/E of 14.7, above the industry P\/E of 14.3. Looking ahead, the company benefits from growing use of cleaner fuel in vehicles and homes and from new geographic areas it serves. A growing station network and household connections add to volumes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Bharat_Petroleum_performed_financially\"><\/span><strong>How has Bharat Petroleum performed financially?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Revenue rose from Rs 349,060 crore in FY22 to Rs 458,527 crore in FY26, a compound annual growth rate of 7.1%. Net profit grew from Rs 11,682 crore in FY22 to Rs 25,843 crore in FY26, which works out to a compound annual growth rate of 22.0%. The company has a return on equity of 15.6%, a debt to equity ratio of 0.62 and a market capitalisation of Rs 128,116 crore. The stock trades at a P\/E of 8.1, below the industry P\/E of 15.4. Looking ahead, the company is expanding its refining and petrochemical capacity and building a presence in gas, renewable energy and electric vehicle charging. A large retail fuel network gives it steady demand across the country.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_risks_should_investors_check_before_buying_aluminium_city_gas_and_refiner_stocks\"><\/span><strong>What risks should investors check before buying aluminium, city gas and refiner stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Investors should check a few risks before buying aluminium, city gas and refiner stocks. Gas prices and rules. Gas costs and regulated tariffs can influence earnings. Commodity prices. Selling prices follow global and domestic markets. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_list_of_aluminium_city_gas_and_refiner_stocks_investment_advice\"><\/span><strong>Is this list of aluminium, city gas and refiner stocks investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. This article is educational and uses publicly available data as of the 3 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"What are aluminium, city gas and refiner stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Aluminium, city gas and refiner stocks are listed companies that mine bauxite and produce alumina and aluminium, supply piped and compressed natural gas in Delhi NCR and other regions, and refine crude oil and sell fuels. Their earnings depend on metal prices, gas volumes and fuel demand. This list looks at three of them, National Aluminium Company, Indraprastha Gas and Bharat Petroleum, using reported FY22 to FY26 financials and the 3 November 2026 closing prices.\"}},{\"@type\":\"Question\",\"name\":\"Which aluminium, city gas and refiner stocks are covered in this list?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"This list covers National Aluminium Company, Indraprastha Gas and Bharat Petroleum. Based on the 3 November 2026 close, National Aluminium Company traded at Rs 317.55, Indraprastha Gas at Rs 133.28 and Bharat Petroleum at Rs 296.9. Their return on equity ranges from 13.5% to 26.8%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.3% to 20.3%.\"}},{\"@type\":\"Question\",\"name\":\"Why do aluminium, city gas and refiner stocks have a strong future roadmap in India?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Aluminium, city gas and refiner stocks have a strong roadmap in India because lighter metal demand, wider cleaner fuel use and growing fuel consumption keep widening the market for these energy and metal companies. The main drivers are as follows. Light metal. Aluminium serves power and vehicles. Cleaner fuel. More vehicles and homes use gas. Fuel volumes. Retail fuel sales keep growing. Together these factors give the companies on this list a visible path for growth over the coming years.\"}},{\"@type\":\"Question\",\"name\":\"How has National Aluminium Company performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 14,478 crore in FY22 to Rs 18,509 crore in FY26, a compound annual growth rate of 6.3%. Net profit grew from Rs 2,951 crore in FY22 to Rs 5,797 crore in FY26, which works out to a compound annual growth rate of 18.4%. In the June 2026 quarter, revenue grew 39.3% year on year to Rs 5,476 crore, while net profit rose 90.9% to Rs 2,003 crore. The company has a return on equity of 26.8%, a debt to equity ratio of 0.00 and a market capitalisation of Rs 58,387 crore. The stock trades at a P\/E of 8.7, below the industry P\/E of 11.6. Looking ahead, the company is one of the lowest-cost integrated aluminium producers and plans to expand its mine, refinery and smelter capacity. A debt-free balance sheet and strong cash flows support these investments.\"}},{\"@type\":\"Question\",\"name\":\"How has Indraprastha Gas performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 7,887 crore in FY22 to Rs 16,541 crore in FY26, a compound annual growth rate of 20.3%. Net profit for FY26 was Rs 1,544 crore, a net margin of 9.3%. In the June 2026 quarter, revenue grew 16.5% year on year to Rs 5,145 crore. The company has a return on equity of 13.5%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 19,943 crore. The stock trades at a P\/E of 14.7, above the industry P\/E of 14.3. Looking ahead, the company benefits from growing use of cleaner fuel in vehicles and homes and from new geographic areas it serves. A growing station network and household connections add to volumes.\"}},{\"@type\":\"Question\",\"name\":\"How has Bharat Petroleum performed financially?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Revenue rose from Rs 349,060 crore in FY22 to Rs 458,527 crore in FY26, a compound annual growth rate of 7.1%. Net profit grew from Rs 11,682 crore in FY22 to Rs 25,843 crore in FY26, which works out to a compound annual growth rate of 22.0%. The company has a return on equity of 15.6%, a debt to equity ratio of 0.62 and a market capitalisation of Rs 128,116 crore. The stock trades at a P\/E of 8.1, below the industry P\/E of 15.4. Looking ahead, the company is expanding its refining and petrochemical capacity and building a presence in gas, renewable energy and electric vehicle charging. A large retail fuel network gives it steady demand across the country.\"}},{\"@type\":\"Question\",\"name\":\"What risks should investors check before buying aluminium, city gas and refiner stocks?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Investors should check a few risks before buying aluminium, city gas and refiner stocks. Gas prices and rules. Gas costs and regulated tariffs can influence earnings. Commodity prices. Selling prices follow global and domestic markets. Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them. Reading the latest results presentation and comparing each company with its peers helps judge how these risks apply to each stock.\"}},{\"@type\":\"Question\",\"name\":\"Is this list of aluminium, city gas and refiner stocks investment advice?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"No. This article is educational and uses publicly available data as of the 3 November 2026 close. Please verify figures on NSE and BSE, read company filings and consult a SEBI registered adviser before investing. Univest is SEBI registered research analyst INH000013776.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Aluminium, City Gas and Refiner Stocks with a strong future roadmap: National Aluminium Company, Indraprastha Gas and Bharat Petroleum. Compare price, valuation, return on equity and revenue growth as of 3 November 2026.<\/p>\n","protected":false},"author":29,"featured_media":338500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[9949,3803,17208,19532,19533,19534,7502,9951],"class_list":["post-338501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks","tag-aluminium","tag-best-stocks","tag-bharat-petroleum","tag-city-gas-and-refiner-stocks","tag-energy-and-metal-shares","tag-fuel-and-light-metal-stocks","tag-indraprastha-gas","tag-national-aluminium-company"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["338500"],"rank_math_title":["Aluminium Producer, City Gas and Refiner Stocks"],"rank_math_description":["Compare 3 aluminium, city gas and refiner stocks with a strong future roadmap on CMP, market cap, P\/E, ROE and revenue growth. 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