As of 6 Nov 2026, Cryogenic OGS trades at 46.1× trailing earnings, above the industry P/E of 28.7×, and the shares are 17% below their 52-week high. Sales and net profit grew 23% and 36% a year over 3 years, with ROCE of 22% and ROE of 21%. Debt is 0.14× equity. It is listed on an SME platform with a market cap of ₹535 Cr, ranked 7th of 12 Oil & Gas Equipment & Services companies by market cap; the shares rose 64% over the past year.
- ₹358.50
- ₹374.45
- ₹340.10
- ₹356.65
- 42.8K
Health check
- ReturnsAhead
+64.4% over a year, better than 6 of 7 peers.
- Price tagPricier
P/E 46.1 vs industry 28.7.
- GrowthSteady
Sales +22.8%, profit +35.7% a year over 3 years.
- ProfitabilityStrong
ROCE 21.5% vs peer median 13.3%.
- Balance sheetFair
Debt 0.14× equity, interest covered 121.5×, Piotroski 5 of 9.
- Red flags1 to check
P/E of 46.1 against an industry P/E of 28.7.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹535 Cr
- Small cap
- P/E
- 46.1
- Industry 28.7
- Price to book
- 8.67
- Peers 3.14
- Dividend yield
- 0.00%
- ROE
- 21.5%
- Peers 15.0%
- ROCE
- 21.5%
- Peers 13.3%
- Debt to equity
- 0.14
- Debt ₹8.72 Cr
- EPS (TTM)
- ₹8.12
- OPM (TTM)
- 23.6%
- Net margin 19.6%
- Sales growth
- +1.4%
- Latest quarter vs a year ago
- Profit growth
- +41.1%
- Latest quarter vs a year ago
- Price to sales
- 8.93
- EV/EBITDA 33.2
Strengths and risks
Strengths
- Return on equity of 21.5%.
- Return on capital employed of 21.5%.
- Quarterly profit up 41.1% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 46.1 against an industry P/E of 28.7.
About Cryogenic OGS
Cryogenic OGS Limited designs, manufactures, and sells filtration, metering, and separation systems in India. It offers prover tank, bulk air eliminator, strainer cum air eliminator, truck loading/wagon loading skid with ethanol/bio diesel blending with additive injection, natural gas metering, pressure reduction skid, LNG truck loading skid, crude oil metering skid, LPG blending skid, additive injection skid, additive Injection block/panel with PLC, blue…
- Headquarters
- Vadodara
- Employees
- 42
- Sector
- Energy
- ISIN
- INE0TL001013
- Website
- cryogenicogs.com
Price range
- Avg volume (3M)
- 18.9K
- 1-year return
- plus 64.4%
- From 52-week high
- minus 17.3%
Peers · Oil & Gas Equipment & Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| AEGISVOPAKAegis Vopak Terminals | 246.50 | plus 4.17% | 27,312 | 96.3 | 44.7 | 7.9% | 52.6% | 0.90 | 37.7% | minus 13.7% |
| DOLPHINDolphin Offshore Enterprises (India) | 636.85 | minus 2.60% | 2,548 | 33.9 | 37.4 | 13.3% | 44.7% | 0.42 | – | plus 58.6% |
| ASIANENEAsian Energy Services | 401.65 | plus 0.34% | 1,955 | 31.8 | 21.7 | 13.3% | 9.1% | 0.26 | 93.4% | plus 16.5% |
| JINDRILLJindal Drilling And Industries | 515.30 | minus 0.64% | 1,493 | 7.8 | 3.8 | 13.3% | 21.8% | 0.05 | 24.8% | minus 11.3% |
| LIKHITHALikhitha Infrastructure | 211.45 | minus 2.47% | 835 | 25.5 | 13.8 | – | 11.0% | 0.00 | 7.8% | minus 8.8% |
| SOUTHWESTSouth West Pinnacle Exploration | 176.40 | minus 8.42% | 576 | 13.5 | 10.8 | 22.7% | 20.8% | 0.39 | 25.0% | plus 7.2% |
| CRYOGENICCryogenic OGS | 374.45 | plus 4.99% | 535 | 46.1 | 45.0 | 21.5% | 23.6% | 0.14 | 22.8% | plus 64.4% |
| TRISHAKTTrishakti Industries | 289.05 | minus 4.71% | 488 | 33.1 | 27.1 | 11.6% | 29.6% | 1.91 | 13.4% | plus 113.0% |
| Median of 7 peers | – | −2.47% | 1,493 | 31.8 | 21.7 | 13.3% | 21.8% | 0.39 | 24.9% | 7.2% |
Quarterly results
| ₹ Cr | Mar 25 | Mar 26 |
|---|---|---|
| 19.5 | 19.8 | |
| 15.4 | 14.4 | |
| 4.1 | 5.3 | |
| 21.0% | 27.0% | |
| 0.5 | 1 | |
| 0 | 0.1 | |
| 4.5 | 6.2 | |
| 26.9% | 24.9% | |
| 3.3 | 4.7 | |
| 3.15 | 3.70 |
Profit & loss
- Sales CAGR 3Y
- +22.8%
- Profit CAGR 3Y
- +35.7%
- EPS CAGR 3Y
- +39.1%
- ROE
- 21.5%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 22 | 24.2 | 32.9 | 40.8 | |
| – | +10.1% | +35.7% | +24.1% | |
| 16.4 | 17.8 | 24.9 | 29.5 | |
| 5.7 | 6.4 | 8 | 11.3 | |
| 25.7% | 26.4% | 24.3% | 27.8% | |
| 0.4 | 1.1 | 0.8 | 1.6 | |
| 0.1 | 0.1 | 0 | 0.1 | |
| 0.7 | 0.6 | 0.5 | 0.6 | |
| 0.2 | 0.3 | – | 1.2 | |
| 5.5 | 7.1 | 8.3 | 13.5 | |
| 25.6% | 24.9% | 26.3% | 24.5% | |
| 4.1 | 5.3 | 6.1 | 10.2 | |
| – | +31.1% | +13.9% | +67.2% | |
| 2.85 | 3.74 | 4.26 | 7.69 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.5 | 0.5 | 10.5 | 14.3 | |
| 17 | 22.4 | 18.5 | 40.4 | |
| – | – | – | 8.2 | |
| 6.5 | 5.5 | 4.9 | 3.8 | |
| 24 | 28.3 | 33.9 | 66.7 | |
| 7.4 | 6.9 | 6.6 | 15.6 | |
| 0 | – | – | – | |
| 1.1 | 1.7 | 2.4 | – | |
| 0.6 | 1.1 | 1.8 | 32.8 | |
| 14.8 | 18.7 | 23.1 | 18.3 | |
| 24 | 28.3 | 33.9 | 66.7 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.8 | 1.5 | 1.9 | 8 | |
| −0.1 | −1.3 | −1.4 | −20.6 | |
| −1.7 | −0.1 | −0.1 | 15.4 | |
| 0 | 0.1 | 0.5 | 2.8 | |
| −0.4 | – | −0.3 | −3 | |
| 1.4 | 1.5 | 1.7 | 5 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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