About Industrial Gases
29 Jul 2026Industrial Gases is one of 11 industries in the Chemicals sector. Solomo tracks 7 listed companies classified as Industrial Gases on India's NSE and BSE, out of 316 in the Chemicals sector. Their combined market capitalisation was ₹71,439 crore on 29 Jul 2026, 5.0% of the Chemicalssector's total and the 6th largest of its 11 industries by market value. All 7 carry both an NSE symbol and a BSE scrip code.
The 3 largest by market capitalisation are Linde India Ltd (₹60,067 crore), Refex Industries Ltd (₹4,747 crore) and Ellenbarrie Industrial Gases Ltd (₹4,151 crore).
Median trailing P/E across the 7 companies with a reported ratio is 54.2, and median return on capital employed (ROCE) across 7 companies is 8.4%.
| Company | Market cap | P/E | ROCE |
|---|---|---|---|
| Linde India Ltd | ₹60,067 Cr | 109.4 | 17.2% |
| Refex Industries Ltd | ₹4,747 Cr | 19.6 | 21.0% |
| Ellenbarrie Industrial Gases Ltd | ₹4,151 Cr | 39.7 | 12.2% |
| Stallion India Fluorochemicals Ltd | ₹2,378 Cr | 54.2 | 8.4% |
| Hilltone Software & Gases Ltd | ₹57 Cr | 358.2 | 0.6% |
| National Oxygen Ltd | ₹31 Cr | 16.9 | -20.6% |
| Gagan Gases Ltd | ₹8.82 Cr | 62.9 | 5.6% |
Other industries in Chemicals: Specialty Chemicals (110), Fertilizers (30), Pesticides & Agrochemicals (36), Commodity Chemicals (80), Explosives (5), Carbon Black (2), Petrochemicals (16), Dyes And Pigments (14), Trading - Chemicals (15) and Printing Inks (1).
Market capitalisation, P/E and ROCE are from Solomo's fundamentals snapshot dated 29 Jul 2026; the interactive table above re-prices market cap and P/E against live quotes during market hours, so intraday figures there will differ. Sector and industry labels follow the NSE and BSE classification, and any market-cap rank quoted above is taken across Solomo's full NSE and BSE universe. Reference data, not investment advice.