# LPG Bottling — company-by-company sector analysis

> LPG Bottling: Confidence Petroleum India Ltd owns the largest revenue base AND the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice.

## Bottom line

LPG Bottling has outperformed NIFTY 500 by 36.1% over 52 weeks and 6.7% over 13 weeks. 2 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself. Confidence Petroleum India Ltd leads with revenue of ₹6,002 crore, based on 2 of 2 comparable companies through Jun 2026.

## Sector relative strength

LPG Bottling has outperformed NIFTY 500 by 36.1% over the last 52 weeks. Over 13 weeks the gap is a lead of 6.7%. 2 of 2 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Confidence Petroleum India Ltd is the strongest against the sector itself at +12.2%. Readings are as of 2026-08-09.

13-week sector return versus NIFTY 500: 6.7%
52-week sector return versus NIFTY 500: 36%
Stocks leading NIFTY: 2/2
Stocks leading sector: 1/2

Central tension: The central tension: current leadership is concentrated, so durability matters more than rank.

Companies: 2
Combined market value: ₹3.6K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. IRM Energy Ltd (IRMENERGY): 57/100 — Mixed-positive evidence; evidence 84%
   - Growth & earnings 26.5/35 | Capital efficiency 10.4/25 | Valuation 13.5/20 | Relative strength 6.8/20
   - Price stage: FADING — Was leading by 5% or more four weeks ago and is not now.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 8 of the last 12 weeks
   - Exact sum: 26.5 + 10.4 + 13.5 + 6.8 = 57.2
   - Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -20.5% and the one-year return is 3.8%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
2. Confidence Petroleum India Ltd (CONFIPET): 53/100 — Mixed-positive evidence; evidence 97%
   - Growth & earnings 24.8/35 | Capital efficiency 5.3/25 | Valuation 4.6/20 | Relative strength 17.9/20
   - Price stage: LEADER — Ahead of the benchmark 13 weeks or more running, and ahead over the past year.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 12 of the last 12 weeks
   - Exact sum: 24.8 + 5.3 + 4.6 + 17.9 = 52.6
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Market action

Confidence Petroleum India Ltd has the strongest one-year price move in LPG Bottling at +47.2%. It also leads on Mansfield relative strength against NIFTY at +42.2%. 2 of 2 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.

### Strongest one-year price performers
1. Confidence Petroleum India Ltd (CONFIPET): 47%
2. IRM Energy Ltd (IRMENERGY): 3.8%

### Strongest relative strength versus NIFTY 500
1. Confidence Petroleum India Ltd (CONFIPET): 42%
2. IRM Energy Ltd (IRMENERGY): 5.3%

## LPG Bottling — the story behind the numbers

This is the written read behind the LPG Bottling figures above — what is actually happening in the sector, in words, with the evidence each claim rests on. It is dated 18 Apr 2026, so the words are older than the numbers. 4 themes are live here, 2 of them rated high severity.

The sector is caught between aggressive infrastructure-led growth and severe sourcing headwinds. While the shift toward CNG provides a margin cushion, the reduction in domestic gas allocation and geopolitical supply risks necessitate a cautious outlook on near-term profitability.

The LPG and City Gas Distribution (CGD) sector is navigating a period of high top-line volatility and structural sourcing shifts. While Confidence Petroleum (CONFIPET) delivered a staggering 99.91% YoY revenue growth, reaching ₹1,393.88 Cr, IRM Energy (IRMENERGY) saw a more modest 6% growth.

How old this read is: STALE — this read comes from our LPG Bottling sector brief dated 18 Apr 2026, about 4 months ago. The page says so rather than dressing it up, and a fresh sector dive replaces it the day it runs.

### Live themes, worst first
- HIGH | West Asia conflict impacting LPG supply and logistics through the Strait of Hormuz. | Prioritizing domestic supply and exploring alternative sourcing via a Dubai subsidiary. | quoted: "West Asia conflict impacting LPG supply and logistics through the Strait of Hormuz, causing cost escalation." | named for CONFIPET
- HIGH | Reduction in APM gas allocation to 37% and ongoing GST/Income Tax investigations. | Contesting tax notices and entering long-term Brent-linked gas contracts. | quoted: "government's APM allocation has reduced substantially... Currently, this has reduced substantially to around 37%." | named for CONFIPET, IRMENERGY
- MEDIUM | Industrial customers switching from natural gas to coal due to price differentials. | Monitoring NGT proceedings to mandate cleaner fuel usage. | quoted: "natural gas primarily in the steel segment has surrendered our connections, and they have switched back to coal." | named for IRMENERGY
- LOW | Export restrictions by High Court and auditor remarks regarding JV investments. | Converting receivables to inter-corporate loans and contesting court restrictions. | quoted: "whatever the corporate guarantee and other advances we have given, that is coming under the radar of the auditors." | named for CONFIPET, IRMENERGY

Sources: our LPG Bottling sector brief, 18 Apr 2026 · company earnings-call transcripts.

## Revenue Scale & Growth Durability

What the numbers say: Confidence Petroleum India Ltd is the scale leader at ₹6,002 crore, 431.2% ahead of IRM Energy Ltd. Confidence Petroleum India Ltd's growth is 72.5% from a ₹6,002 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Confidence Petroleum India Ltd is the scale benchmark; Confidence Petroleum India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Confidence Petroleum India Ltd's growth falls below Confidence Petroleum India Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Confidence Petroleum India Ltd · ₹6,002 crore | 431.2% versus #2 · IRM Energy Ltd | 8/8 recent comparable periods | 2/2 companies · 35 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Confidence Petroleum India Ltd (CONFIPET): ₹6.0K Cr
2. IRM Energy Ltd (IRMENERGY): ₹1.1K Cr

### Revenue growth — fastest growers
1. Confidence Petroleum India Ltd (CONFIPET): 73%
2. IRM Energy Ltd (IRMENERGY): 12%

### 20-quarter Revenue history
- CONFIPET: Sep 2021 ₹428 Cr | Dec 2021 ₹394 Cr | Mar 2022 ₹384 Cr | Jun 2022 ₹355 Cr | Sep 2022 ₹461 Cr | Dec 2022 ₹720 Cr | Mar 2023 ₹669 Cr | Jun 2023 ₹875 Cr | Sep 2023 ₹639 Cr | Dec 2023 ₹554 Cr | Mar 2024 ₹631 Cr | Jun 2024 ₹778 Cr | Sep 2024 ₹746 Cr | Dec 2024 ₹697 Cr | Mar 2025 ₹925 Cr | Jun 2025 ₹1.1K Cr | Sep 2025 ₹983 Cr | Dec 2025 ₹1.4K Cr | Mar 2026 ₹1.2K Cr | Jun 2026 ₹2.4K Cr
- IRMENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹266 Cr | Mar 2023 ₹243 Cr | Jun 2023 ₹230 Cr | Sep 2023 ₹220 Cr | Dec 2023 ₹226 Cr | Mar 2024 ₹214 Cr | Jun 2024 ₹225 Cr | Sep 2024 ₹232 Cr | Dec 2024 ₹251 Cr | Mar 2025 ₹268 Cr | Jun 2025 ₹262 Cr | Sep 2025 ₹259 Cr | Dec 2025 ₹265 Cr | Mar 2026 ₹280 Cr | Jun 2026 ₹326 Cr

### 20-quarter Revenue growth history
- CONFIPET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 60% | Sep 2022 7.7% | Dec 2022 83% | Mar 2023 74% | Jun 2023 146% | Sep 2023 39% | Dec 2023 -23% | Mar 2024 -5.7% | Jun 2024 -11% | Sep 2024 17% | Dec 2024 26% | Mar 2025 47% | Jun 2025 43% | Sep 2025 32% | Dec 2025 100% | Mar 2026 31% | Jun 2026 117%
- IRMENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 -15% | Mar 2024 -12% | Jun 2024 -2.2% | Sep 2024 5.5% | Dec 2024 11% | Mar 2025 25% | Jun 2025 16% | Sep 2025 12% | Dec 2025 5.6% | Mar 2026 4.5% | Jun 2026 24%

## Operating Economics & Margin Trend

What the numbers say: IRM Energy Ltd leads both opm at 19% and margin change at +9 percentage points.

Investor read: IRM Energy Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: IRM Energy Ltd · 19% | 216.7% versus #2 · Confidence Petroleum India Ltd | 3/8 recent comparable periods | 2/2 companies · 37 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. IRM Energy Ltd (IRMENERGY): 19%
2. Confidence Petroleum India Ltd (CONFIPET): 6.0%

### Margin change — fastest expanders
1. IRM Energy Ltd (IRMENERGY): +9.0 pp
2. Confidence Petroleum India Ltd (CONFIPET): −1.0 pp

### 20-quarter OPM history
- CONFIPET: Sep 2021 14% | Dec 2021 12% | Mar 2022 9.7% | Jun 2022 11% | Sep 2022 12% | Dec 2022 8.0% | Mar 2023 9.0% | Jun 2023 9.0% | Sep 2023 14% | Dec 2023 15% | Mar 2024 18% | Jun 2024 10% | Sep 2024 10% | Dec 2024 12% | Mar 2025 10% | Jun 2025 7.0% | Sep 2025 8.0% | Dec 2025 6.0% | Mar 2026 8.0% | Jun 2026 6.0%
- IRMENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 15% | Sep 2022 11% | Dec 2022 14% | Mar 2023 6.0% | Jun 2023 18% | Sep 2023 19% | Dec 2023 19% | Mar 2024 11% | Jun 2024 13% | Sep 2024 11% | Dec 2024 9.0% | Mar 2025 6.0% | Jun 2025 10% | Sep 2025 10% | Dec 2025 11% | Mar 2026 11% | Jun 2026 19%

### 20-quarter Margin change history
- CONFIPET: Sep 2021 −0.7 pp | Dec 2021 −3.1 pp | Mar 2022 −5.3 pp | Jun 2022 −6.4 pp | Sep 2022 −2.2 pp | Dec 2022 −4.4 pp | Mar 2023 −0.7 pp | Jun 2023 −1.9 pp | Sep 2023 +1.9 pp | Dec 2023 +7.0 pp | Mar 2024 +9.0 pp | Jun 2024 +1.0 pp | Sep 2024 −4.0 pp | Dec 2024 −3.0 pp | Mar 2025 −8.0 pp | Jun 2025 −3.0 pp | Sep 2025 −2.0 pp | Dec 2025 −6.0 pp | Mar 2026 −2.0 pp | Jun 2026 −1.0 pp
- IRMENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 +3.1 pp | Sep 2023 +7.8 pp | Dec 2023 +5.0 pp | Mar 2024 +5.0 pp | Jun 2024 −5.0 pp | Sep 2024 −8.0 pp | Dec 2024 −10.0 pp | Mar 2025 −5.0 pp | Jun 2025 −3.0 pp | Sep 2025 −1.0 pp | Dec 2025 +2.0 pp | Mar 2026 +5.0 pp | Jun 2026 +9.0 pp

## Profit Scale & Acceleration

What the numbers say: Confidence Petroleum India Ltd leads with ₹138 crore of TTM profit, 86.5% above IRM Energy Ltd. IRM Energy Ltd shows 85% growth from a ₹74 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Confidence Petroleum India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Confidence Petroleum India Ltd · ₹138 crore | 86.5% versus #2 · IRM Energy Ltd | 4/8 recent comparable periods | 2/2 companies · 35 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Confidence Petroleum India Ltd (CONFIPET): ₹138 Cr
2. IRM Energy Ltd (IRMENERGY): ₹74 Cr

### Profit growth — fastest growers
1. IRM Energy Ltd (IRMENERGY): 85%
2. Confidence Petroleum India Ltd (CONFIPET): 45%

### 20-quarter Net profit history
- CONFIPET: Sep 2021 ₹35 Cr | Dec 2021 ₹24 Cr | Mar 2022 ₹15 Cr | Jun 2022 ₹14 Cr | Sep 2022 ₹25 Cr | Dec 2022 ₹28 Cr | Mar 2023 ₹21 Cr | Jun 2023 ₹33 Cr | Sep 2023 ₹31 Cr | Dec 2023 ₹27 Cr | Mar 2024 ₹14 Cr | Jun 2024 ₹15 Cr | Sep 2024 ₹22 Cr | Dec 2024 ₹26 Cr | Mar 2025 ₹27 Cr | Jun 2025 ₹20 Cr | Sep 2025 ₹20 Cr | Dec 2025 ₹21 Cr | Mar 2026 ₹34 Cr | Jun 2026 ₹63 Cr
- IRMENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 ₹20 Cr | Mar 2023 ₹4 Cr | Jun 2023 ₹27 Cr | Sep 2023 ₹26 Cr | Dec 2023 ₹24 Cr | Mar 2024 ₹9 Cr | Jun 2024 ₹19 Cr | Sep 2024 ₹12 Cr | Dec 2024 ₹10 Cr | Mar 2025 ₹4 Cr | Jun 2025 ₹14 Cr | Sep 2025 ₹13 Cr | Dec 2025 ₹14 Cr | Mar 2026 ₹13 Cr | Jun 2026 ₹34 Cr

### 20-quarter Profit growth history
- CONFIPET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 -18% | Sep 2022 -29% | Dec 2022 17% | Mar 2023 40% | Jun 2023 136% | Sep 2023 24% | Dec 2023 -3.6% | Mar 2024 -33% | Jun 2024 -55% | Sep 2024 -29% | Dec 2024 -3.7% | Mar 2025 93% | Jun 2025 33% | Sep 2025 -9.1% | Dec 2025 -19% | Mar 2026 26% | Jun 2026 215%
- IRMENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 20% | Mar 2024 125% | Jun 2024 -30% | Sep 2024 -54% | Dec 2024 -58% | Mar 2025 -56% | Jun 2025 -26% | Sep 2025 8.3% | Dec 2025 40% | Mar 2026 225% | Jun 2026 143%

## Return On Capital Employed

What the numbers say: Confidence Petroleum India Ltd leads ROCE at 9.2%, 0.6 percentage points above IRM Energy Ltd. Confidence Petroleum India Ltd has the strongest latest improvement at +0.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Confidence Petroleum India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Confidence Petroleum India Ltd · 9.2% | 7% versus #2 · IRM Energy Ltd | 2/8 recent comparable periods | 2/2 companies · 31 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Confidence Petroleum India Ltd (CONFIPET): 9.2%
2. IRM Energy Ltd (IRMENERGY): 8.6%

### ROCE change — fastest improvers
1. Confidence Petroleum India Ltd (CONFIPET): +0.4 pp
2. IRM Energy Ltd (IRMENERGY): 0.0 pp

### 20-quarter ROCE history
- CONFIPET: Sep 2021 16% | Dec 2021 — | Mar 2022 12% | Jun 2022 — | Sep 2022 10% | Dec 2022 — | Mar 2023 11% | Jun 2023 — | Sep 2023 15% | Dec 2023 18% | Mar 2024 12% | Jun 2024 14% | Sep 2024 8.2% | Dec 2024 12% | Mar 2025 8.0% | Jun 2025 12% | Sep 2025 8.1% | Dec 2025 11% | Mar 2026 8.4% | Jun 2026 —
- IRMENERGY: Sep 2021 — | Dec 2021 25% | Mar 2022 36% | Jun 2022 — | Sep 2022 25% | Dec 2022 — | Mar 2023 13% | Jun 2023 14% | Sep 2023 15% | Dec 2023 19% | Mar 2024 11% | Jun 2024 15% | Sep 2024 7.9% | Dec 2024 11% | Mar 2025 6.1% | Jun 2025 8.2% | Sep 2025 5.2% | Dec 2025 7.9% | Mar 2026 6.1% | Jun 2026 —

### 20-quarter ROCE change history
- CONFIPET: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 −6.1 pp | Dec 2022 — | Mar 2023 −1.4 pp | Jun 2023 — | Sep 2023 +4.5 pp | Dec 2023 — | Mar 2024 +0.9 pp | Jun 2024 — | Sep 2024 −6.5 pp | Dec 2024 −6.1 pp | Mar 2025 −3.8 pp | Jun 2025 −2.6 pp | Sep 2025 −0.1 pp | Dec 2025 −1.2 pp | Mar 2026 +0.4 pp | Jun 2026 —
- IRMENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 −22.8 pp | Jun 2023 — | Sep 2023 −9.9 pp | Dec 2023 — | Mar 2024 −2.0 pp | Jun 2024 +1.1 pp | Sep 2024 −7.1 pp | Dec 2024 −8.2 pp | Mar 2025 −5.1 pp | Jun 2025 −6.9 pp | Sep 2025 −2.7 pp | Dec 2025 −3.0 pp | Mar 2026 0.0 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Confidence Petroleum India Ltd has the lowest comparable PEG at 3.34×. Only 1 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Confidence Petroleum India Ltd · 3.34× | Not enough peers | 0/8 recent comparable periods | 1/2 companies · 9 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. Confidence Petroleum India Ltd (CONFIPET): 3.3

### P/E — lowest P/E
1. IRM Energy Ltd (IRMENERGY): 16.5
2. Confidence Petroleum India Ltd (CONFIPET): 17.8

### 20-quarter PEG history
- CONFIPET: Sep 2021 — | Dec 2021 1.4 | Mar 2022 — | Jun 2022 — | Sep 2022 1.9 | Dec 2022 1.7 | Mar 2023 — | Jun 2023 — | Sep 2023 1.1 | Dec 2023 0.6 | Mar 2024 0.7 | Jun 2024 2.2 | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 1.0 | Jun 2026 3.3

### 20-quarter P/E history
- CONFIPET: Sep 2021 29.0 | Dec 2021 22.5 | Mar 2022 18.9 | Jun 2022 15.5 | Sep 2022 24.1 | Dec 2022 29.6 | Mar 2023 21.7 | Jun 2023 26.7 | Sep 2023 23.8 | Dec 2023 24.2 | Mar 2024 22.7 | Jun 2024 24.5 | Sep 2024 32.9 | Dec 2024 32.1 | Mar 2025 21.2 | Jun 2025 22.8 | Sep 2025 16.7 | Dec 2025 13.6 | Mar 2026 14.1 | Jun 2026 25.7
- IRMENERGY: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 25.8 | Mar 2024 22.5 | Jun 2024 17.6 | Sep 2024 20.8 | Dec 2024 22.6 | Mar 2025 23.0 | Jun 2025 27.2 | Sep 2025 36.0 | Dec 2025 28.3 | Mar 2026 16.1 | Jun 2026 20.5


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
- Thin comparisons: Valuation have fewer than three usable current readings.

## Every company
- Confidence Petroleum India Ltd (CONFIPET) — market value ₹2.4K Cr; latest fundamentals Jun 2026
- IRM Energy Ltd (IRMENERGY) — market value ₹1.2K Cr; latest fundamentals Jun 2026; includes UNVERIFIED second-feed figures

## Source standing of each company

Cross-checked: 1. Unverified: 1. Withheld: 0. Graded companies: 2.

1 of 2 companies draws at least one figure from a second data feed that could not be cross-checked against the primary source, because the two do not share enough reported history to compare. Those figures are marked unverified wherever they appear.

- UNVERIFIED | IRMENERGY | IRM Energy Ltd | too little overlapping reported history to cross-check the second feed

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-14.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the LPG Bottling sector outperforming NIFTY 500?

LPG Bottling has outperformed NIFTY 500 by 36.1% over 52 weeks and 6.7% over 13 weeks. 2 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself.

### Which LPG Bottling company is largest by revenue?

Confidence Petroleum India Ltd leads with revenue of ₹6,002 crore, based on 2 of 2 comparable companies through Jun 2026.

### Which LPG Bottling company is growing fastest?

Confidence Petroleum India Ltd has the fastest current revenue growth at 72.5%, across 2 of 2 comparable companies.

### Which LPG Bottling company has the strongest 4-Factor Sector Score?

IRM Energy Ltd ranks first at 57.2/100 with 84% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which LPG Bottling company has the lowest comparable PEG?

Confidence Petroleum India Ltd has the lowest comparable PEG at 3.34, among 1 of 2 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this LPG Bottling comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Is there a Nifty LPG Bottling index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers LPG Bottling, this page builds its own equal-weight basket of 2 listed LPG Bottling companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

### Which are the best LPG Bottling stocks in India?

Ranked by this page's four-factor score, IRM Energy Ltd places first among 2 listed LPG Bottling companies, followed by Confidence Petroleum India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many LPG Bottling stocks are listed in India?

This comparison covers 2 listed LPG Bottling companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which LPG Bottling company is the biggest?

Confidence Petroleum India Ltd is the largest, with trailing-twelve-month revenue of ₹6,002 crore, ahead of IRM Energy Ltd at ₹1,130 crore. That covers 2 of 2 companies with comparable reporting through Jun 2026.

### Which LPG Bottling company has the best profit margins?

IRM Energy Ltd has the highest operating margin at 19%, from 2 of 2 comparable companies. IRM Energy Ltd shows the biggest recent improvement, at +9 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which LPG Bottling company makes the most profit?

Confidence Petroleum India Ltd earns the most, at ₹138 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. IRM Energy Ltd has the fastest profit growth at 85%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which LPG Bottling company earns the highest return on capital?

Confidence Petroleum India Ltd leads on return on capital employed at 9.2%, across 2 of 2 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which LPG Bottling stock is the cheapest?

On PEG — where a LOWER number is cheaper — Confidence Petroleum India Ltd screens cheapest at 3.34×. Only 1 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the LPG Bottling sector beating the market?

LPG Bottling has outperformed NIFTY 500 by 36.1% over the last 52 weeks and 6.7% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 2 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which LPG Bottling stock has the strongest price momentum?

Confidence Petroleum India Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which LPG Bottling company scores highest for research priority?

IRM Energy Ltd scores 57.2 out of 100 with 84% evidence confidence, from 26.5 points on growth and earnings, 10.4 on capital efficiency, 13.5 on valuation and 6.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many LPG Bottling companies does this comparison cover, and over what period?

It compares 2 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the LPG Bottling sector?

The 2 LPG Bottling companies on this page carry ₹3,600 crore of combined market value. Confidence Petroleum India Ltd is the largest at ₹2,392 crore, about 66% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20.

### How is the LPG Bottling sector performing?

2 of the 2 covered LPG Bottling companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 36.1% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.