
3 Crude Oil and Gas Explorer, Liquid and Gas Terminal Operator and Energy Engineering Consultant Stocks With a Strong Future Roadmap: Oil India, Aegis Logistics and Engineers India
Oil India, Aegis Logistics and Engineers India: ROE of 11.4% to 22.0% and FY22 to FY26 revenue CAGR of 7.3% to 16.7%. Prices as of 23 Oct 2026.
Updated: 26 Oct 2026 • 11:24 am
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Quick Answer
The three oil exploration and energy infrastructure stocks to watch are Oil India, Aegis Logistics and Engineers India. Their return on equity ranges from 11.4% to 22.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.3% to 16.7%. Engineers India has the highest return on equity at 22.0%, while Aegis Logistics has the fastest revenue growth at 16.7% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.
Oil exploration and energy infrastructure stocks let investors follow companies that find, store and build the infrastructure for energy. Oil India, Aegis Logistics and Engineers India cover a crude oil and gas explorer, a liquid and gas terminal operator and an energy engineering consultant.
This list covers three oil exploration and energy infrastructure stocks with complete current figures: Oil India, Aegis Logistics and Engineers India. Every figure comes from the latest reported financials and the 23 October 2026 market close. Companies without complete current figures were left out.
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What Are Oil Exploration and Energy Infrastructure Stocks?
Oil exploration and energy infrastructure stocks are listed energy companies that explore for crude oil and gas, run port terminals and storage tanks, and design refineries and pipelines. Their earnings depend on production, storage volumes and project orders.
Oil Exploration and Energy Infrastructure Stocks at a Glance
| Company | CMP (Rs) | Market Cap (Rs Cr) | P/E | Industry P/E | ROE (%) | D/E |
|---|---|---|---|---|---|---|
| Oil India | 447.85 | 72,563 | 7.6 | 7.2 | 11.4 | 0.65 |
| Aegis Logistics | 1,247.2 | 43,877 | 29.7 | 49.5 | 14.8 | 0.69 |
| Engineers India | 242.5 | 15,096 | 19.2 | 22.7 | 22.0 | 0.01 |
On valuation, Aegis Logistics and Engineers India trade at a P/E below the industry P/E, while Oil India trades above it, which reflects the growth the market already expects. Readers comparing oil exploration and energy infrastructure stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.
Why Do Oil Exploration and Energy Infrastructure Stocks Have a Strong Roadmap in India?
Oil exploration and energy infrastructure stocks have a strong roadmap in India because energy demand is rising and the country is building more refineries, pipelines and import terminals.
- Energy demand. A growing economy needs more oil and gas.
- Storage capacity. Port terminals support imports of fuels and chemicals.
- Project orders. Refinery and pipeline plans need engineering services.
Why Oil India Features Among These Oil Exploration and Energy Infrastructure Stocks
Among the oil exploration and energy infrastructure stocks on this list, Oil India is a public sector company that explores for and produces crude oil and natural gas, mainly in Assam and other parts of the country, and it also operates a crude pipeline in the North East.
In the June 2026 quarter, revenue grew 47.0% year on year to Rs 13,236 crore, while net profit rose 96.8% to Rs 4,027 crore. Revenue rose from Rs 27,048 crore in FY22 to Rs 35,877 crore in FY26, a compound annual growth rate of 7.3%.
Net profit grew from Rs 7,040 crore in FY25 to Rs 7,551 crore in FY26, a rise of 7.3%. The company has a return on equity of 11.4%, a debt to equity ratio of 0.65 and a market capitalisation of Rs 72,563 crore. The stock trades at a P/E of 7.6, above the industry P/E of 7.2.
Roadmap: The company is stepping up exploration and development spending and building a presence in refining and clean energy through its group companies. Steady production supports earnings and dividends.
What to watch: Track crude oil prices, production volumes and progress on new exploration blocks.
Why Aegis Logistics Features Among These Oil Exploration and Energy Infrastructure Stocks
Among the upstream energy company 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 Engineers India Features Among These Oil Exploration and Energy Infrastructure Stocks
Among the three companies on this list, Engineers India is a public sector engineering consultancy and project company that provides design, project management and construction services to oil, gas, petrochemical, fertiliser and infrastructure clients.
Revenue rose from Rs 3,043 crore in FY22 to Rs 4,123 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 343 crore in FY22 to Rs 692 crore in FY26, which works out to a compound annual growth rate of 19.2%.
The company has a return on equity of 22.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 15,096 crore. The stock trades at a P/E of 19.2, below the industry P/E of 22.7.
Roadmap: The company is involved in refinery expansions and new petrochemical projects and is widening its work in green energy, hydrogen and infrastructure. A debt-free balance sheet and a strong order book give it capacity to take on large mandates.
What to watch: Monitor order inflow from refinery and petrochemical projects and execution of existing mandates.
Oil India vs Aegis Logistics vs Engineers India on Key Financials
The table below sets the three oil exploration and energy infrastructure 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 |
|---|---|---|---|---|---|
| Oil India | 27,048 | 35,877 | 7.3% | 7,551 | 21.0% |
| Aegis Logistics | 4,670 | 8,660 | 16.7% | 1,107 | 12.8% |
| Engineers India | 3,043 | 4,123 | 7.9% | 692 | 16.8% |
Engineers India posts the highest return on equity in this group at 22.0%. Oil India has the largest FY26 revenue at Rs 35,877 crore, and Aegis Logistics shows the fastest revenue growth with a 16.7% compound annual rate. A useful habit with oil exploration and energy infrastructure stocks is to check each new quarterly result against the capacity plans the company described earlier.
Key Risks to Check Before Investing in Oil Exploration and Energy Infrastructure Stocks
Every theme carries risks that deserve a check before any decision. For these oil exploration and energy infrastructure stocks, the main points are:
- Crude prices. Oil price swings affect producer earnings.
- Project timing. Large energy projects can shift between years.
- Policy changes. Gas pricing and taxes can affect margins.
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 oil exploration and energy infrastructure stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.
Final Thoughts on Oil Exploration and Energy Infrastructure Stocks
Oil exploration and energy infrastructure stocks reward investors who follow production, storage volumes and project orders together. Oil India, Aegis Logistics and Engineers India each play a clear role in the energy chain. Based on the 23 October 2026 close, Oil India trades at Rs 447.85, Aegis Logistics at Rs 1,247.2 and Engineers India at Rs 242.5.
Download the Univest iOS App or Univest Android App to track oil exploration and energy infrastructure 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 oil exploration and energy infrastructure stocks?
Ans. Oil exploration and energy infrastructure stocks are listed energy companies that explore for crude oil and gas, run port terminals and storage tanks, and design refineries and pipelines. Their earnings depend on production, storage volumes and project orders. This list looks at three of them, Oil India, Aegis Logistics and Engineers India, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.
Which oil exploration and energy infrastructure stocks are covered in this list?
Ans. This list covers Oil India, Aegis Logistics and Engineers India. Based on the 23 October 2026 close, Oil India traded at Rs 447.85, Aegis Logistics at Rs 1,247.2 and Engineers India at Rs 242.5. Their return on equity ranges from 11.4% to 22.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 7.3% to 16.7%.
Why do oil exploration and energy infrastructure stocks have a strong future roadmap in India?
Ans. Oil exploration and energy infrastructure stocks have a strong roadmap in India because energy demand is rising and the country is building more refineries, pipelines and import terminals. The main drivers are as follows. Energy demand. A growing economy needs more oil and gas. Storage capacity. Port terminals support imports of fuels and chemicals. Project orders. Refinery and pipeline plans need engineering services. Together these factors give the companies on this list a visible path for growth over the coming years.
How has Oil India performed financially?
Ans. Revenue rose from Rs 27,048 crore in FY22 to Rs 35,877 crore in FY26, a compound annual growth rate of 7.3%. Net profit grew from Rs 7,040 crore in FY25 to Rs 7,551 crore in FY26, a rise of 7.3%. In the June 2026 quarter, revenue grew 47.0% year on year to Rs 13,236 crore, while net profit rose 96.8% to Rs 4,027 crore. The company has a return on equity of 11.4%, a debt to equity ratio of 0.65 and a market capitalisation of Rs 72,563 crore. The stock trades at a P/E of 7.6, above the industry P/E of 7.2. Looking ahead, the company is stepping up exploration and development spending and building a presence in refining and clean energy through its group companies. Steady production supports earnings and dividends.
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 Engineers India performed financially?
Ans. Revenue rose from Rs 3,043 crore in FY22 to Rs 4,123 crore in FY26, a compound annual growth rate of 7.9%. Net profit grew from Rs 343 crore in FY22 to Rs 692 crore in FY26, which works out to a compound annual growth rate of 19.2%. The company has a return on equity of 22.0%, a debt to equity ratio of 0.01 and a market capitalisation of Rs 15,096 crore. The stock trades at a P/E of 19.2, below the industry P/E of 22.7. Looking ahead, the company is involved in refinery expansions and new petrochemical projects and is widening its work in green energy, hydrogen and infrastructure. A debt-free balance sheet and a strong order book give it capacity to take on large mandates.
What risks should investors check before buying oil exploration and energy infrastructure stocks?
Ans. Investors should check a few risks before buying oil exploration and energy infrastructure stocks. Crude prices. Oil price swings affect producer earnings. Project timing. Large energy projects can shift between years. Policy changes. Gas pricing and taxes can affect margins. 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 oil exploration and energy infrastructure stocks investment advice?
Ans. No. This article is educational and uses publicly available data as of the 23 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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