When it comes for accounting information to be helpful in decision-making, it is critical that it be relevant to the process and have a significant link with stock prices or returns. The present study examines the path of the accounting information derived by companies included in the S&P BSE Energy Index sample between FY-2017 and FY-2021 in terms of its aggregate, single, and incremental value relevance. According to the findings, accounting information can be valuable for firms listed on the BSE. The overall value and significance of accounting information as measured by book value per share and earnings per share The study's results indicated that in the S&P BSE Energy Index sample, earnings per share and book value per share independently had a significant impact on stock prices; the value relevance of accounting information significantly affects share prices, specifically the market price; and there exists a strong correlation between the value relevance of accounting information and book value. However, the significance of EPS and BVPS in terms of aggregate value has decreased significantly.