3 Public Sector Fuel Retailer, Engineering Consultancy and Project Company and Delhi CNG and Piped Gas Distributor Stocks With a Strong Future Roadmap: Hindustan Petroleum Corporation, Engineers India and Indraprastha Gas

Hindustan Petroleum Corporation, Engineers India and Indraprastha Gas: ROE of 13.5% to 27.5% and FY22 to FY26 revenue CAGR of 6.0% to 20.3%. Prices as of 23 Oct 2026.

Updated: 26 Oct 2026 • 11:55 am

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3 Public Sector Fuel Retailer, Engineering Consultancy and Project Company and Delhi CNG and Piped Gas Distributor Stocks With a Strong Future Roadmap: Hindustan Petroleum Corporation, Engineers India and Indraprastha Gas

Quick Answer

The three fuel retail, engineering and city gas stocks to watch are Hindustan Petroleum Corporation, Engineers India and Indraprastha Gas. Their return on equity ranges from 13.5% to 27.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.0% to 20.3%. Hindustan Petroleum Corporation has the highest return on equity at 27.5%, while Indraprastha Gas has the fastest revenue growth at 20.3% a year. Prices are based on the 23 October 2026 close, and this article is educational, not investment advice.

Fuel retail, engineering and city gas stocks give investors a way to track businesses that sit close to everyday demand in India. Hindustan Petroleum Corporation, Engineers India and Indraprastha Gas cover a public sector fuel retailer, an engineering consultancy and project company and a Delhi CNG and piped gas distributor.

This list covers three fuel retail, engineering and city gas stocks with complete current figures: Hindustan Petroleum Corporation, Engineers India and Indraprastha Gas. 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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Table of Contents

What Are Fuel Retail, Engineering and City Gas Stocks?

Fuel retail, engineering and city gas stocks are listed energy companies that refine and sell fuels, design energy projects and deliver gas to vehicles and homes. Their earnings depend on fuel demand, project orders and gas volumes.

Fuel Retail, Engineering and City Gas Stocks at a Glance

Company	CMP (Rs)	Market Cap (Rs Cr)	P/E	Industry P/E	ROE (%)	D/E
Hindustan Petroleum Corporation	338.3	73,793	44.2	15.4	27.5	0.85
Engineers India	242.5	15,096	19.2	22.7	22.0	0.01
Indraprastha Gas	141.71	19,943	14.7	14.3	13.5	0.01

On valuation, Engineers India trades at a P/E below the industry P/E, while Hindustan Petroleum Corporation and Indraprastha Gas trade above it, which reflects the growth the market already expects. Readers comparing fuel retail, engineering and city gas stocks should look at return on equity and debt together, since a high return earned with low debt is easier to sustain.

Why Do Fuel Retail, Engineering and City Gas Stocks Have a Strong Roadmap in India?

Fuel retail, engineering and city gas stocks have a strong roadmap in India because fuel demand keeps rising, refinery and gas projects need design partners, and cleaner gas use is spreading in cities.

Fuel demand. Vehicles and industry keep lifting consumption.
Project work. Refinery and gas upgrades need engineering partners.
Cleaner fuel. CNG and piped gas reach more users.

Why Hindustan Petroleum Corporation Features Among These Fuel Retail, Engineering and City Gas Stocks

Among the fuel retail, engineering and city gas stocks on this list, Hindustan Petroleum Corporation is a public sector oil company that refines crude oil and sells petrol, diesel, cooking gas and lubricants through a large network of retail outlets and customer connections.

The company has a return on equity of 27.5%, a debt to equity ratio of 0.85 and a market capitalisation of Rs 73,793 crore. The stock trades at a P/E of 44.2, above the industry P/E of 15.4.

Revenue rose from Rs 352,352 crore in FY22 to Rs 444,027 crore in FY26, a compound annual growth rate of 6.0%. Net profit grew from Rs 7,294 crore in FY22 to Rs 18,047 crore in FY26, which works out to a compound annual growth rate of 25.4%. In the June 2026 quarter, revenue grew 20.8% year on year to Rs 145,844 crore.

Roadmap: The company is adding refining and petrochemical capacity, including a large new refinery project, which should widen its product mix. A growing retail network supports fuel sales as demand rises.

What to watch: Track refining margins, project progress and fuel marketing volumes.

Why Engineers India Features Among These Fuel Retail, Engineering and City Gas Stocks

Among the oil marketing 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.

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.

Why Indraprastha Gas Features Among These Fuel Retail, Engineering and City Gas Stocks

Among the three companies 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.

In the June 2026 quarter, revenue grew 16.5% year on year to Rs 5,145 crore. 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%. 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.

Roadmap: 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.

What to watch: Track gas volumes, new station additions and input gas costs.

Hindustan Petroleum Corporation vs Engineers India vs Indraprastha Gas on Key Financials

The table below sets the three fuel retail, engineering and city gas 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
Hindustan Petroleum Corporation	352,352	444,027	6.0%	18,047	4.1%
Engineers India	3,043	4,123	7.9%	692	16.8%
Indraprastha Gas	7,887	16,541	20.3%	1,544	9.3%

Hindustan Petroleum Corporation posts the highest return on equity in this group at 27.5%. Hindustan Petroleum Corporation has the largest FY26 revenue at Rs 444,027 crore, and Indraprastha Gas shows the fastest revenue growth with a 20.3% compound annual rate. A useful habit with fuel retail, engineering and city gas stocks is to check each new quarterly result against the capacity plans the company described earlier.

Key Risks to Check Before Investing in Fuel Retail, Engineering and City Gas Stocks

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

Refining margins. Earnings move with global crude and product prices.
Policy. Pricing decisions can affect retailers and distributors.
Project timing. New capacity 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 fuel retail, engineering and city gas stocks by market capitalisation, P/E, ROE and growth, and build your own shortlist.

Final Thoughts on Fuel Retail, Engineering and City Gas Stocks

Fuel retail, engineering and city gas stocks work best when investors track growth, valuation and return on equity side by side. Hindustan Petroleum Corporation, Engineers India and Indraprastha Gas each play a central role in the energy chain. Based on the 23 October 2026 close, Hindustan Petroleum Corporation trades at Rs 338.3, Engineers India at Rs 242.5 and Indraprastha Gas at Rs 141.71.

Download the Univest iOS App or Univest Android App to track fuel retail, engineering and city gas 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 fuel retail, engineering and city gas stocks?

Ans. Fuel retail, engineering and city gas stocks are listed energy companies that refine and sell fuels, design energy projects and deliver gas to vehicles and homes. Their earnings depend on fuel demand, project orders and gas volumes. This list looks at three of them, Hindustan Petroleum Corporation, Engineers India and Indraprastha Gas, using reported FY22 to FY26 financials and the 23 October 2026 closing prices.

Which fuel retail, engineering and city gas stocks are covered in this list?

Ans. This list covers Hindustan Petroleum Corporation, Engineers India and Indraprastha Gas. Based on the 23 October 2026 close, Hindustan Petroleum Corporation traded at Rs 338.3, Engineers India at Rs 242.5 and Indraprastha Gas at Rs 141.71. Their return on equity ranges from 13.5% to 27.5%, and their revenue compound annual growth from FY22 to FY26 ranges from 6.0% to 20.3%.

Why do fuel retail, engineering and city gas stocks have a strong future roadmap in India?

Ans. Fuel retail, engineering and city gas stocks have a strong roadmap in India because fuel demand keeps rising, refinery and gas projects need design partners, and cleaner gas use is spreading in cities. The main drivers are as follows. Fuel demand. Vehicles and industry keep lifting consumption. Project work. Refinery and gas upgrades need engineering partners. Cleaner fuel. CNG and piped gas reach more users. Together these factors give the companies on this list a visible path for growth over the coming years.

How has Hindustan Petroleum Corporation performed financially?

Ans. Revenue rose from Rs 352,352 crore in FY22 to Rs 444,027 crore in FY26, a compound annual growth rate of 6.0%. Net profit grew from Rs 7,294 crore in FY22 to Rs 18,047 crore in FY26, which works out to a compound annual growth rate of 25.4%. In the June 2026 quarter, revenue grew 20.8% year on year to Rs 145,844 crore. The company has a return on equity of 27.5%, a debt to equity ratio of 0.85 and a market capitalisation of Rs 73,793 crore. The stock trades at a P/E of 44.2, above the industry P/E of 15.4. Looking ahead, the company is adding refining and petrochemical capacity, including a large new refinery project, which should widen its product mix. A growing retail network supports fuel sales as demand rises.

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 Indraprastha Gas performed financially?

Ans. 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.

What risks should investors check before buying fuel retail, engineering and city gas stocks?

Ans. Investors should check a few risks before buying fuel retail, engineering and city gas stocks. Refining margins. Earnings move with global crude and product prices. Policy. Pricing decisions can affect retailers and distributors. Project timing. New capacity 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 fuel retail, engineering and city gas 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.