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Best Energy stocks in India (September 2026)

The best energy companies listed in India by business quality, with our fair-value verdict on each. Screened from the whole market, not a hand-picked list.

#CompanyQualityDiscountOur call
1Gulf Oil Lubricants India LtdGULFOILLUB · Energy78+9%Buy candidate
2Castrol India LtdCASTROLIND · Energy78-40%Watch
3Coal India LtdCOALINDIA · Energy77-26%Watch
4Mahanagar Gas LtdMGL · Energy75-8%Buy candidate
5Gujarat Energy LtdGUJENERGY · Energy74-44%Watch
6Indraprastha Gas LtdIGL · Energy73+17%Buy candidate
7Adani Total Gas LtdATGL · Energy67-592%Avoid
8Ganesh Benzoplast LtdGANESHBE · Energy66-65%Avoid
9Petronet LNG LtdPETRONET · Energy66-8%Pass
10Veedol Corporation LtdVEEDOL · Energy65-1%Watch
11Savita Oil Technologies LtdSOTL · Energy65-54%Watch
12Panama Petrochem LtdPANAMAPET · Energy63-44%Watch
13Aegis Logistics LtdAEGISLOG · Energy62-731%Watch
14Oil India LtdOIL · Energy60-10%Watch
15Gujarat Gas LtdGUJGASLTD · Energy58-250%Watch
16Bharat Petroleum Corporation LtdBPCL · Energy55+23%Watch
17Deep Industries LtdDEEPINDS · Energy54-125%Avoid
18Reliance Industries LtdRELIANCE · Energy53-26%Pass
19IRM Energy LtdIRMENERGY · Energy52-54%Pass
20Chennai Petroleum Corporation LtdCHENNPETRO · Energy50-98%Pass
21Hindustan Petroleum Corporation LtdHINDPETRO · Energy49+5%Pass
22Caliber Mining and Logistics LtdCMLL · Energy49-249%Pass
23Dolphin Offshore Enterprises (India) LtdDOLPHIN · Energy48-1061%Pass
24GAIL (India) LtdGAIL · Energy47-58%Pass
25Antelopus Selan Energy LtdANTELOPUS · Energy43-385%Pass
26Gandhar Oil Refinery (India) LtdGANDHAR · Energy41-121%Pass
27Aegis Vopak Terminals LtdAEGISVOPAK · Energy41-1306%Avoid
28Jindal Drilling & Industries LtdJINDRILL · Energy38+43%Avoid
29Indian Oil Corporation LtdIOC · Energy38+23%Pass
30Asian Energy Services LtdASIANENE · Energy37-470%Avoid
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Quality score is a 0–100 rating of business quality; discount is versus our estimate of fair value. RichFakir is a free educational research tool, not investment advice — figures are estimates from public filings and may contain errors. Do your own research.