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Indus Gas Valuation Multiples
Discover revenue and EBITDA valuation multiples for Indus Gas and similar public comparables like Lupatech, Igrene, Innovative Energy Group, InterOil Exploration and more.
Indus Gas Overview
About Indus Gas
Indus Gas Ltd is an oil and gas exploration and development company. It predominantly operates in India, focusing on exploration, development, production, distribution, and marketing of hydrocarbons, including natural gas. The company holds a participating interest in Block RJ-ON/6, an onshore petroleum concession in Rajasthan, India, covering a large area in the Indus Basin. Its operations involve partnerships with entities like Oil and Natural Gas Corporation Ltd. (ONGC) and Focus Energy Ltd., with ONGC having back-in rights for participating interests in discovered fields. Indus Gas sells natural gas prominently to GAIL (India) Ltd and continues to evaluate other opportunities in the oil and gas sector.
Founded
2008
HQ

Employees
N/A
Website
Sectors
Financials (FY)
EV
$908M
Indus Gas Financials
Indus Gas reported last fiscal year revenue of $30M and EBITDA of $28M.
In the same fiscal year, Indus Gas generated $27M in gross profit, $28M in EBITDA, and had net loss of ($358M).
Indus Gas P&L
In the most recent fiscal year, Indus Gas reported revenue of $30M and EBITDA of $28M.
Indus Gas expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | — | XXX | $30M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $27M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 92% | XXX | XXX | XXX |
| EBITDA | — | XXX | $28M | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 93% | XXX | XXX | XXX |
| EBIT Margin | — | XXX | 89% | XXX | XXX | XXX |
| Net Profit | — | XXX | ($358M) | XXX | XXX | XXX |
| Net Margin | — | XXX | (1206%) | XXX | XXX | XXX |
| Net Debt | — | — | $164M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Indus Gas Stock Performance
Indus Gas has current market cap of $8M, and enterprise value of $908M.
Market Cap Evolution
Indus Gas' stock price is $0.04.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $908M | $8M | -0.3% | XXX | XXX | XXX | $-1.95 |
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Start Free TrialIndus Gas Valuation Multiples
Indus Gas trades at 30.6x EV/Revenue multiple, and 32.9x EV/EBITDA.
Indus Gas Financial Valuation Multiples
As of April 22, 2026, Indus Gas has market cap of $8M and EV of $908M.
Equity research analysts estimate Indus Gas' 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Indus Gas has a P/E ratio of (0.0x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $8M | XXX | $8M | XXX | XXX | XXX |
| EV (current) | $908M | XXX | $908M | XXX | XXX | XXX |
| EV/Revenue | — | XXX | 30.6x | XXX | XXX | XXX |
| EV/EBITDA | — | XXX | 32.9x | XXX | XXX | XXX |
| EV/EBIT | — | XXX | 34.4x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 33.3x | XXX | XXX | XXX |
| P/E | — | XXX | (0.0x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | (272.0x) | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Indus Gas Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Indus Gas Margins & Growth Rates
Indus Gas' revenue in the last fiscal year declined by (10%).
Indus Gas Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | — | XXX | (10%) | XXX | XXX | XXX |
| EBITDA Margin | — | XXX | 93% | XXX | XXX | XXX |
| EBITDA Growth | — | XXX | (11%) | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 3% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 3% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Indus Gas Public Comps
See public comps and valuation multiples for other Energy Production and Oil & Gas comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Indus Gas | XXX | XXX | XXX | XXX | XXX | XXX |
| Lupatech | XXX | XXX | XXX | XXX | XXX | XXX |
| Igrene | XXX | XXX | XXX | XXX | XXX | XXX |
| Innovative Energy Group | XXX | XXX | XXX | XXX | XXX | XXX |
| InterOil Exploration | XXX | XXX | XXX | XXX | XXX | XXX |
| Ecoslops | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Indus Gas M&A Activity
Indus Gas acquired XXX companies to date.
Last acquisition by Indus Gas was on XXXXXXXX, XXXXX. Indus Gas acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Indus Gas
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialIndus Gas Investment Activity
Indus Gas invested in XXX companies to date.
Indus Gas made its latest investment on XXXXXXXX, XXXXX. Indus Gas invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Indus Gas
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Indus Gas
| When was Indus Gas founded? | Indus Gas was founded in 2008. |
| Where is Indus Gas headquartered? | Indus Gas is headquartered in United Kingdom. |
| Is Indus Gas publicly listed? | Yes, Indus Gas is a public company listed on Aquis Stock Exchange. |
| What is the stock symbol of Indus Gas? | Indus Gas trades under INDI.GB ticker. |
| When did Indus Gas go public? | Indus Gas went public in 2008. |
| Who are competitors of Indus Gas? | Indus Gas main competitors are Lupatech, Igrene, Innovative Energy Group, InterOil Exploration. |
| What is the current market cap of Indus Gas? | Indus Gas' current market cap is $8M. |
| What is the current revenue of Indus Gas? | Indus Gas' last fiscal year revenue is $30M. |
| What is the current EV/Revenue multiple of Indus Gas? | Current revenue multiple of Indus Gas is 30.6x. |
| Is Indus Gas profitable? | No, Indus Gas is not profitable. |
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