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3 Crude Oil and Gas Producer, Petrochemical Refiner and Liquid and Gas Terminals Operator Stocks With a Strong Future Roadmap: Oil and Natural Gas Corporation, Mangalore Refinery and Aegis Logistics

Oil and Natural Gas Corporation, Mangalore Refinery and Aegis Logistics: ROE of 11.1% to 25.9% and FY22 to FY26 revenue CAGR of 5.6% to 16.7%. Prices as of 27 Oct 2026.


28 Oct 2026 • 12:34 pm

3 Crude Oil and Gas Producer, Petrochemical Refiner and Liquid and Gas Terminals Operator Stocks With a Strong Future Roadmap: Oil and Natural Gas Corporation, Mangalore Refinery and Aegis Logistics

Quick Answer

The three oil, gas and energy terminal stocks to watch are Oil and Natural Gas Corporation, Mangalore Refinery and Aegis Logistics. Their return on equity ranges from 11.1% to 25.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 16.7%. Mangalore Refinery has the highest return on equity at 25.9%, while Aegis Logistics has the fastest revenue growth at 16.7% a year. Prices are based on the 27 October 2026 close, and this article is educational, not investment advice.

Oil, gas and energy terminal stocks give investors a way to track businesses that sit close to everyday demand in India. Oil and Natural Gas Corporation, Mangalore Refinery and Aegis Logistics cover a crude oil and gas producer, a petrochemical refiner and a liquid and gas terminals operator.

This list covers three oil, gas and energy terminal stocks with complete current figures: Oil and Natural Gas Corporation, Mangalore Refinery and Aegis Logistics. 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 Oil, Gas and Energy Terminal Stocks?

Oil, gas and energy terminal stocks are listed energy companies that explore for oil and gas, refine crude into fuels and petrochemicals, and store and distribute liquid chemicals and gas. Their earnings depend on crude prices, refining margins, fuel demand and port volumes.

Oil, Gas and Energy Terminal Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Oil and Natural Gas Corporation 229.85 282,679 6.3 7.2 11.1 0.47
Mangalore Refinery 189.44 33,203 7.5 15.4 25.9 0.60
Aegis Logistics 1,200.1 43,877 29.7 49.5 14.8 0.69

On valuation, all three trade at a P/E below their industry P/E, which means the market is pricing them at a lower multiple than their peer group. Readers comparing oil, gas and energy terminal 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, Gas and Energy Terminal Stocks Have a Strong Roadmap in India?

Oil, gas and energy terminal stocks have a strong roadmap in India because rising fuel and gas demand, expanding refining capacity and wider use of cleaner gas keep widening the market for Indian energy companies.

  • Fuel demand. Vehicles and industry use more energy.
  • Refining capacity. Upgrades lift output of higher value products.
  • Gas distribution. Homes, industry and vehicles use more gas.

Why Oil and Natural Gas Corporation Features Among These Oil, Gas and Energy Terminal Stocks

Among the oil, gas and energy terminal stocks on this list, Oil and Natural Gas Corporation is India's largest producer of crude oil and natural gas, with operations in domestic basins and overseas assets. It also has interests in refining, petrochemicals and gas through group companies.

In the June 2026 quarter, revenue grew 25.5% year on year to Rs 207,776 crore. Revenue rose from Rs 498,738 crore in FY22 to Rs 621,019 crore in FY26, a compound annual growth rate of 5.6%.

Net profit grew from Rs 32,778 crore in FY23 to Rs 49,793 crore in FY26, which works out to a compound annual growth rate of 15.0%. The company has a return on equity of 11.1%, a debt to equity ratio of 0.47 and a market capitalisation of Rs 282,679 crore. The stock trades at a P/E of 6.3, below the industry P/E of 7.2.

Roadmap: The company is investing in new wells, deepwater projects and field redevelopment to raise output, and it is entering new energy areas such as gas and renewables. Its large reserve base supports long-term production.

What to watch: Follow production volumes, new field start-ups and realisations.

Why Mangalore Refinery Features Among These Oil, Gas and Energy Terminal Stocks

Among the crude producer and refiner shares on this list, Mangalore Refinery and Petrochemicals is a Karnataka-based oil refiner that processes crude into petrol, diesel, aviation fuel and petrochemical products, and it is a subsidiary of Oil and Natural Gas Corporation.

The company has a return on equity of 25.9%, a debt to equity ratio of 0.60 and a market capitalisation of Rs 33,203 crore. The stock trades at a P/E of 7.5, below the industry P/E of 15.4.

Revenue rose from Rs 69,856 crore in FY22 to Rs 88,866 crore in FY26, a compound annual growth rate of 6.2%. Net profit for FY26 was Rs 1,925 crore, a net margin of 2.2%.

Roadmap: The company is expanding refining and petrochemical capacity and is integrating its units to lift product yields. Fuel demand growth and a steady supply of crude through its parent support utilisation.

What to watch: Follow refining margins, capacity expansion progress and petrochemical volumes.

Why Aegis Logistics Features Among These Oil, Gas and Energy Terminal Stocks

Among the three companies 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.

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.

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.

Oil and Natural Gas Corporation vs Mangalore Refinery vs Aegis Logistics on Key Financials

The table below sets the three oil, gas and energy terminal 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 and Natural Gas Corporation 498,738 621,019 5.6% 49,793 8.0%
Mangalore Refinery 69,856 88,866 6.2% 1,925 2.2%
Aegis Logistics 4,670 8,660 16.7% 1,107 12.8%

Mangalore Refinery posts the highest return on equity in this group at 25.9%. Oil and Natural Gas Corporation has the largest FY26 revenue at Rs 621,019 crore, and Aegis Logistics shows the fastest revenue growth with a 16.7% compound annual rate. A useful habit with oil, gas and energy terminal stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Oil, Gas and Energy Terminal Stocks

Every theme carries risks that deserve a check before any decision. For these oil, gas and energy terminal stocks, the main points are: Long-term crude producer and refiner shares holders usually track revenue growth, margins and cash flow side by side rather than relying on a single ratio.

  • Crude prices. Oil price swings affect margins.
  • Refining margins. Product spreads can vary by quarter.
  • Policy changes. Fuel pricing rules can shift earnings.

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, gas and energy terminal stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Oil, Gas and Energy Terminal Stocks

Oil, gas and energy terminal stocks work best when investors track growth, valuation and return on equity side by side. Oil and Natural Gas Corporation, Mangalore Refinery and Aegis Logistics each have a clear plan to expand. Based on the 27 October 2026 close, Oil and Natural Gas Corporation trades at Rs 229.85, Mangalore Refinery at Rs 189.44 and Aegis Logistics at Rs 1,200.1.

Download the Univest iOS App or Univest Android App to track oil, gas and energy terminal 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, gas and energy terminal stocks?

Ans. Oil, gas and energy terminal stocks are listed energy companies that explore for oil and gas, refine crude into fuels and petrochemicals, and store and distribute liquid chemicals and gas. Their earnings depend on crude prices, refining margins, fuel demand and port volumes. This list looks at three of them, Oil and Natural Gas Corporation, Mangalore Refinery and Aegis Logistics, using reported FY22 to FY26 financials and the 27 October 2026 closing prices.

Which oil, gas and energy terminal stocks are covered in this list?

Ans. This list covers Oil and Natural Gas Corporation, Mangalore Refinery and Aegis Logistics. Based on the 27 October 2026 close, Oil and Natural Gas Corporation traded at Rs 229.85, Mangalore Refinery at Rs 189.44 and Aegis Logistics at Rs 1,200.1. Their return on equity ranges from 11.1% to 25.9%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 16.7%.

Why do oil, gas and energy terminal stocks have a strong future roadmap in India?

Ans. Oil, gas and energy terminal stocks have a strong roadmap in India because rising fuel and gas demand, expanding refining capacity and wider use of cleaner gas keep widening the market for Indian energy companies. The main drivers are as follows. Fuel demand. Vehicles and industry use more energy. Refining capacity. Upgrades lift output of higher value products. Gas distribution. Homes, industry and vehicles use more gas. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Oil and Natural Gas Corporation performed financially?

Ans. Revenue rose from Rs 498,738 crore in FY22 to Rs 621,019 crore in FY26, a compound annual growth rate of 5.6%. Net profit grew from Rs 32,778 crore in FY23 to Rs 49,793 crore in FY26, which works out to a compound annual growth rate of 15.0%. In the June 2026 quarter, revenue grew 25.5% year on year to Rs 207,776 crore. The company has a return on equity of 11.1%, a debt to equity ratio of 0.47 and a market capitalisation of Rs 282,679 crore. The stock trades at a P/E of 6.3, below the industry P/E of 7.2. Looking ahead, the company is investing in new wells, deepwater projects and field redevelopment to raise output, and it is entering new energy areas such as gas and renewables. Its large reserve base supports long-term production.

How has Mangalore Refinery performed financially?

Ans. Revenue rose from Rs 69,856 crore in FY22 to Rs 88,866 crore in FY26, a compound annual growth rate of 6.2%. Net profit for FY26 was Rs 1,925 crore, a net margin of 2.2%. The company has a return on equity of 25.9%, a debt to equity ratio of 0.60 and a market capitalisation of Rs 33,203 crore. The stock trades at a P/E of 7.5, below the industry P/E of 15.4. Looking ahead, the company is expanding refining and petrochemical capacity and is integrating its units to lift product yields. Fuel demand growth and a steady supply of crude through its parent support utilisation.

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.

What risks should investors check before buying oil, gas and energy terminal stocks?

Ans. Investors should check a few risks before buying oil, gas and energy terminal stocks. Crude prices. Oil price swings affect margins. Refining margins. Product spreads can vary by quarter. Policy changes. Fuel pricing rules can shift earnings. 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, gas and energy terminal 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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