
3 City Gas Distribution Company, Liquid and Gas Terminals Operator and Oil Refining and Marketing Company Stocks With a Strong Future Roadmap: Adani Total Gas, Aegis Logistics and Bharat Petroleum
Adani Total Gas, Aegis Logistics and Bharat Petroleum: ROE of 12.4% to 15.6% and FY22 to FY26 revenue CAGR of 7.1% to 17.8%. Prices as of 27 Oct 2026.
Updated: 28 Oct 2026 • 12:49 pm
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Quick Answer
The three city gas, terminal and fuel marketing stocks to watch are Adani Total Gas, Aegis Logistics and Bharat Petroleum. Their return on equity ranges from 12.4% to 15.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.1% to 17.8%. Bharat Petroleum has the highest return on equity at 15.6%, while Adani Total Gas has the fastest revenue growth at 17.8% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.
City gas, terminal and fuel marketing stocks offer a focused view of a sector where demand keeps widening. Adani Total Gas, Aegis Logistics and Bharat Petroleum cover a city gas distribution company, a liquid and gas terminals operator and an oil refining and marketing company.
This list covers three city gas, terminal and fuel marketing stocks with complete current figures: Adani Total Gas, Aegis Logistics and Bharat Petroleum. Every figure comes from the latest reported financials and the 27 October 2026 market close. Companies without complete current figures were left out.
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What Are City Gas, Terminal and Fuel Marketing Stocks?
City gas, terminal and fuel marketing stocks are listed energy companies that distribute gas to homes and vehicles, store and handle liquid chemicals and gas, and refine and sell fuels. Their earnings depend on gas and fuel demand, terminal volumes, marketing margins and regulation.
City Gas, Terminal and Fuel Marketing Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Adani Total Gas | 537.75 | 58,229 | 90.7 | 13.8 | 12.4 | 0.47 |
| Aegis Logistics | 1,200.1 | 43,877 | 29.7 | 49.5 | 14.8 | 0.69 |
| Bharat Petroleum | 295.6 | 128,116 | 8.1 | 15.4 | 15.6 | 0.62 |
On valuation, Aegis Logistics and Bharat Petroleum trade at a P/E below the industry P/E, while Adani Total Gas trades above it, which reflects the growth the market already expects. Readers comparing city gas, terminal and fuel marketing stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do City Gas, Terminal and Fuel Marketing Stocks Have a Strong Roadmap in India?
City gas, terminal and fuel marketing stocks have a strong roadmap in India because growing use of cleaner gas, rising fuel demand and expanding storage and refining capacity keep widening the market for Indian downstream energy companies.
- Cleaner gas. Homes and vehicles use more piped and compressed gas.
- Fuel demand. Vehicles and industry use more energy.
- Terminal capacity. Storage supports growing trade volumes.
Why Adani Total Gas Features Among These City Gas, Terminal and Fuel Marketing Stocks
Among the city gas, terminal and fuel marketing stocks on this list, Adani Total Gas is a city gas distribution company that supplies piped natural gas to homes, industries and commercial users and compressed natural gas to vehicles across many cities, and it also sets up electric vehicle charging points.
Revenue rose from Rs 3,079 crore in FY22 to Rs 5,932 crore in FY26, a compound annual growth rate of 17.8%. Net profit grew from Rs 505 crore in FY22 to Rs 656 crore in FY26, which works out to a compound annual growth rate of 6.8%.
The company has a return on equity of 12.4%, a debt to equity ratio of 0.47 and a market capitalisation of Rs 58,229 crore. The stock trades at a P/E of 90.7, above the industry P/E of 13.8.
Roadmap: The company is extending its pipeline network and CNG station base into the cities it has been awarded, which widens its customer base. Rising use of cleaner fuel in households and vehicles supports volume growth.
What to watch: Track new city additions, CNG volumes and progress in electric vehicle charging.
Why Aegis Logistics Features Among These City Gas, Terminal and Fuel Marketing Stocks
Among the gas distribution and fuel retail shares on this list, Aegis Logistics stores and handles liquid chemicals and gases at ports and also distributes liquefied petroleum gas to homes, industry and vehicles across India.
The company has a return on equity of 14.8%, a debt to equity ratio of 0.69 and a market capitalisation of Rs 43,877 crore. The stock trades at a P/E of 29.7, below the industry P/E of 49.5.
Revenue rose from Rs 4,670 crore in FY22 to Rs 8,660 crore in FY26, a compound annual growth rate of 16.7%. Net profit grew from Rs 385 crore in FY22 to Rs 1,107 crore in FY26, which works out to a compound annual growth rate of 30.2%. In the June 2026 quarter, revenue grew 38.2% year on year to Rs 2,463 crore.
Roadmap: The company is adding terminal capacity and growing its gas distribution network, which positions it for rising demand for cleaner fuels. Its port-linked storage assets are hard to replicate.
What to watch: Follow terminal capacity additions, gas volumes and new port projects.
Why Bharat Petroleum Features Among These City Gas, Terminal and Fuel Marketing Stocks
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.
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.
Roadmap: 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.
What to watch: Follow refining margins, fuel demand and progress on new capacity.
Adani Total Gas vs Aegis Logistics vs Bharat Petroleum on Key Financials
The table below sets the three city gas, terminal and fuel marketing stocks side by side on revenue, profit and margin, using reported figures.
| Company | FY22 Revenue (Rs Cr) | FY26 Revenue (Rs Cr) | Revenue CAGR (FY22-FY26) | FY26 Net Profit (Rs Cr) | FY26 Net Margin |
|---|---|---|---|---|---|
| Adani Total Gas | 3,079 | 5,932 | 17.8% | 656 | 11.1% |
| Aegis Logistics | 4,670 | 8,660 | 16.7% | 1,107 | 12.8% |
| Bharat Petroleum | 349,060 | 458,527 | 7.1% | 25,843 | 5.6% |
Bharat Petroleum posts the highest return on equity in this group at 15.6%. Bharat Petroleum has the largest FY26 revenue at Rs 458,527 crore, and Adani Total Gas shows the fastest revenue growth with a 17.8% compound annual rate. A useful habit with city gas, terminal and fuel marketing stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in City Gas, Terminal and Fuel Marketing Stocks
Every theme carries risks that deserve a check before any decision. For these city gas, terminal and fuel marketing stocks, the main points are: Long-term gas distribution and fuel retail shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.
- Fuel prices. Price rules can affect marketing margins.
- Gas costs. Input gas prices can move margins.
- Valuation levels. Some of these companies trade at high earnings multiples, so growth must continue to justify them.
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.
Use the Univest Stock Screener to filter city gas, terminal and fuel marketing stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on City Gas, Terminal and Fuel Marketing Stocks
City gas, terminal and fuel marketing stocks reward patient research into demand, execution and financial strength. Adani Total Gas, Aegis Logistics and Bharat Petroleum each have a clear plan to expand. Based on the 27 October 2026 close, Adani Total Gas trades at Rs 537.75, Aegis Logistics at Rs 1,200.1 and Bharat Petroleum at Rs 295.6.
Download the Univest iOS App or Univest Android App to track city gas, terminal and fuel marketing stocks, set price alerts and get research-backed stock ideas.
Disclaimer: 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).
What are city gas, terminal and fuel marketing stocks?
Ans. City gas, terminal and fuel marketing stocks are listed energy companies that distribute gas to homes and vehicles, store and handle liquid chemicals and gas, and refine and sell fuels. Their earnings depend on gas and fuel demand, terminal volumes, marketing margins and regulation. This list looks at three of them, Adani Total Gas, Aegis Logistics and Bharat Petroleum, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.
Which city gas, terminal and fuel marketing stocks are covered in this list?
Ans. This list covers Adani Total Gas, Aegis Logistics and Bharat Petroleum. Based on the 27 October 2026 close, Adani Total Gas traded at Rs 537.75, Aegis Logistics at Rs 1,200.1 and Bharat Petroleum at Rs 295.6. Their return on equity ranges from 12.4% to 15.6%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.1% to 17.8%.
Why do city gas, terminal and fuel marketing stocks have a strong future roadmap in India?
Ans. City gas, terminal and fuel marketing stocks have a strong roadmap in India because growing use of cleaner gas, rising fuel demand and expanding storage and refining capacity keep widening the market for Indian downstream energy companies. The main drivers are as follows. Cleaner gas. Homes and vehicles use more piped and compressed gas. Fuel demand. Vehicles and industry use more energy. Terminal capacity. Storage supports growing trade volumes. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Adani Total Gas performed financially?
Ans. Revenue rose from Rs 3,079 crore in FY22 to Rs 5,932 crore in FY26, a compound annual growth rate of 17.8%. Net profit grew from Rs 505 crore in FY22 to Rs 656 crore in FY26, which works out to a compound annual growth rate of 6.8%. The company has a return on equity of 12.4%, a debt to equity ratio of 0.47 and a market capitalisation of Rs 58,229 crore. The stock trades at a P/E of 90.7, above the industry P/E of 13.8. Looking ahead, the company is extending its pipeline network and CNG station base into the cities it has been awarded, which widens its customer base. Rising use of cleaner fuel in households and vehicles supports volume growth.
How has Aegis Logistics performed financially?
Ans. Revenue rose from Rs 4,670 crore in FY22 to Rs 8,660 crore in FY26, a compound annual growth rate of 16.7%. Net profit grew from Rs 385 crore in FY22 to Rs 1,107 crore in FY26, which works out to a compound annual growth rate of 30.2%. In the June 2026 quarter, revenue grew 38.2% year on year to Rs 2,463 crore. The company has a return on equity of 14.8%, a debt to equity ratio of 0.69 and a market capitalisation of Rs 43,877 crore. The stock trades at a P/E of 29.7, below the industry P/E of 49.5. Looking ahead, the company is adding terminal capacity and growing its gas distribution network, which positions it for rising demand for cleaner fuels. Its port-linked storage assets are hard to replicate.
How has Bharat Petroleum performed financially?
Ans. 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.
What risks should investors check before buying city gas, terminal and fuel marketing stocks?
Ans. Investors should check a few risks before buying city gas, terminal and fuel marketing stocks. Fuel prices. Price rules can affect marketing margins. Gas costs. Input gas prices can move margins. 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.
Is this list of city gas, terminal and fuel marketing stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 27 October 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.
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