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3 Largest Crude Oil and Gas Producer, Oil and Gas Engineering Consultant and Largest Power Generator Stocks With a Strong Future Roadmap: Oil and Natural Gas Corporation, Engineers India and NTPC

Oil and Natural Gas Corporation, Engineers India and NTPC: ROE of 11.1% to 22.0% and FY22 to FY26 revenue CAGR of 5.6% to 8.9%. Prices as of 26 Oct 2026.


27 Oct 2026 • 12:18 pm

3 Largest Crude Oil and Gas Producer, Oil and Gas Engineering Consultant and Largest Power Generator Stocks With a Strong Future Roadmap: Oil and Natural Gas Corporation, Engineers India and NTPC

Quick Answer

The three crude producer, oil engineering and power stocks to watch are Oil and Natural Gas Corporation, Engineers India and NTPC. Their return on equity ranges from 11.1% to 22.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 8.9%. Engineers India has the highest return on equity at 22.0%, while NTPC has the fastest revenue growth at 8.9% a year. Prices are based on the 26 October 2026 close, and this article is educational, not investment advice.

Crude producer, oil engineering and power stocks offer a focused view of a sector where demand keeps widening. Oil and Natural Gas Corporation, Engineers India and NTPC cover the largest crude oil and gas producer, an oil and gas engineering consultant and the largest power generator.

This list covers three crude producer, oil engineering and power stocks with complete current figures: Oil and Natural Gas Corporation, Engineers India and NTPC. Every figure comes from the latest reported financials and the 26 October 2026 market close. Companies without complete current figures were left out.

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What Are Crude Producer, Oil Engineering and Power Stocks?

Crude producer, oil engineering and power stocks are listed energy companies that produce crude oil and gas, design energy projects and generate electricity. Their earnings depend on production volumes, crude prices, project awards and power demand.

Crude Producer, Oil Engineering and Power Stocks at a Glance

Company CMP (Rs) Market Cap (Rs Cr) P/E Industry P/E ROE (%) D/E
Oil and Natural Gas Corporation 228.44 282,679 6.3 7.2 11.1 0.47
Engineers India 244.2 15,096 19.2 22.7 22.0 0.01
NTPC 300 292,694 10.3 21.3 13.3 1.33

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 crude producer, oil engineering and power stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Crude Producer, Oil Engineering and Power Stocks Have a Strong Roadmap in India?

Crude producer, oil engineering and power stocks have a strong roadmap in India because domestic energy demand keeps rising, new fields and refineries need engineering and power capacity keeps expanding.

  • Domestic output. Crude and gas fields supply local needs.
  • Project work. Refineries and plants need design services.
  • Power demand. Rising use of electricity lifts generation.

Why Oil and Natural Gas Corporation Features Among These Crude Producer, Oil Engineering and Power Stocks

Among the crude producer, oil engineering and power 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 Engineers India Features Among These Crude Producer, Oil Engineering and Power Stocks

Among the upstream oil company shares 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.

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.

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%.

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.

Why NTPC Features Among These Crude Producer, Oil Engineering and Power Stocks

Among the three companies on this list, NTPC is India's largest power generation company, with thermal, hydro and renewable plants and a growing pipeline of green energy projects.

Revenue rose from Rs 134,994 crore in FY22 to Rs 189,799 crore in FY26, a compound annual growth rate of 8.9%. Net profit grew from Rs 15,474 crore in FY22 to Rs 30,010 crore in FY26, which works out to a compound annual growth rate of 18.0%.

In the June 2026 quarter, revenue grew 6.9% year on year to Rs 51,142 crore, while net profit rose 12.9% to Rs 6,896 crore. The company has a return on equity of 13.3%, a debt to equity ratio of 1.33 and a market capitalisation of Rs 292,694 crore. The stock trades at a P/E of 10.3, below the industry P/E of 21.3.

Roadmap: The company is adding thermal capacity to meet rising electricity demand while building a large renewable portfolio. Long-term power purchase agreements give it steady visibility.

What to watch: Follow capacity additions, renewable progress and plant availability.

Oil and Natural Gas Corporation vs Engineers India vs NTPC on Key Financials

The table below sets the three crude producer, oil engineering and power 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%
Engineers India 3,043 4,123 7.9% 692 16.8%
NTPC 134,994 189,799 8.9% 30,010 15.8%

Engineers India posts the highest return on equity in this group at 22.0%. Oil and Natural Gas Corporation has the largest FY26 revenue at Rs 621,019 crore, and NTPC shows the fastest revenue growth with a 8.9% compound annual rate. A useful habit with crude producer, oil engineering and power stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Crude Producer, Oil Engineering and Power Stocks

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

  • Crude prices. Earnings move with global crude prices.
  • Policy. Pricing decisions can affect producers and generators.
  • Project timing. New fields and plants can take years to deliver.

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 crude producer, oil engineering and power stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Crude Producer, Oil Engineering and Power Stocks

Crude producer, oil engineering and power stocks reward patient research into demand, execution and financial strength. Oil and Natural Gas Corporation, Engineers India and NTPC each play a central role in the energy chain. Based on the 26 October 2026 close, Oil and Natural Gas Corporation trades at Rs 228.44, Engineers India at Rs 244.2 and NTPC at Rs 300.

Download the Univest iOS App or Univest Android App to track crude producer, oil engineering and power 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 crude producer, oil engineering and power stocks?

Ans. Crude producer, oil engineering and power stocks are listed energy companies that produce crude oil and gas, design energy projects and generate electricity. Their earnings depend on production volumes, crude prices, project awards and power demand. This list looks at three of them, Oil and Natural Gas Corporation, Engineers India and NTPC, using reported FY22 to FY26 financials and the 26 October 2026 closing prices.

Which crude producer, oil engineering and power stocks are covered in this list?

Ans. This list covers Oil and Natural Gas Corporation, Engineers India and NTPC. Based on the 26 October 2026 close, Oil and Natural Gas Corporation traded at Rs 228.44, Engineers India at Rs 244.2 and NTPC at Rs 300. Their return on equity ranges from 11.1% to 22.0%, and their revenue compound annual growth from FY22 to FY26 ranges from 5.6% to 8.9%.

Why do crude producer, oil engineering and power stocks have a strong future roadmap in India?

Ans. Crude producer, oil engineering and power stocks have a strong roadmap in India because domestic energy demand keeps rising, new fields and refineries need engineering and power capacity keeps expanding. The main drivers are as follows. Domestic output. Crude and gas fields supply local needs. Project work. Refineries and plants need design services. Power demand. Rising use of electricity lifts generation. 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 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.

How has NTPC performed financially?

Ans. Revenue rose from Rs 134,994 crore in FY22 to Rs 189,799 crore in FY26, a compound annual growth rate of 8.9%. Net profit grew from Rs 15,474 crore in FY22 to Rs 30,010 crore in FY26, which works out to a compound annual growth rate of 18.0%. In the June 2026 quarter, revenue grew 6.9% year on year to Rs 51,142 crore, while net profit rose 12.9% to Rs 6,896 crore. The company has a return on equity of 13.3%, a debt to equity ratio of 1.33 and a market capitalisation of Rs 292,694 crore. The stock trades at a P/E of 10.3, below the industry P/E of 21.3. Looking ahead, the company is adding thermal capacity to meet rising electricity demand while building a large renewable portfolio. Long-term power purchase agreements give it steady visibility.

What risks should investors check before buying crude producer, oil engineering and power stocks?

Ans. Investors should check a few risks before buying crude producer, oil engineering and power stocks. Crude prices. Earnings move with global crude prices. Policy. Pricing decisions can affect producers and generators. Project timing. New fields and plants can take years to deliver. 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 crude producer, oil engineering and power stocks investment advice?

Ans. No. This article is educational and uses publicly available data as of the 26 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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