Gandhar Oil Refinery (India) Limited GANDHAR NSEINFRA
Gandhar Oil Refinery (India) Limited manufactures and sells white oils with focus on the consumer and healthcare sectors in India. It offers waxes, and jellies for consumer, healthcare, plastics, chemical, textiles, and fragrance industries; lubricants, including automotive oils and industrial oils for automobile, and industrial machines and equipment; and process and insulating oils comprising transformer oils and rubber processing oils for transformer manufacturers, power generation and distribution, and tyre and rubber product manufacturers. The company also involved in trading non-coking coal; and the provision of logistics services, including cargo handling and transportation. Further, it operates consignment and del-credere agency; and sells polymer products. The company sells its products under Divyol brand. It exports its products to the Americas, Europe, Africa, and the Asia-Pacific. Gandhar Oil Refinery (India) Limited was incorporated in 1992 and is headquartered in Mumbai, India.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Generates positive free cash flow.
CONS
- Earnings shrank at -10.8% CAGR over 5 years.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Energy).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | GANDHAR Gandhar Oil Refinery (India) Limited NSEINFRA | 155.97 | 11.28 | ₹1,526.63 Cr | 0.80% | 13.77% | 10.21% | 1.33% | -10.82% |
| 2 | RELIANCE Reliance Industries Limited NIFTY50NSEAIINFRA | 1,321.20 | 22.12 | ₹17.88 L Cr | 0.45% | 8.99% | 9.14% | 6.39% | 6.59% |
| 3 | ADANIENT Adani Enterprises Limited NIFTY50NSEAIINFRA | 2,937.40 | 39.84 | ₹4.03 L Cr | 0.04% | 10.09% | 13.66% | -7.61% | 55.92% |
| 4 | ONGC Oil and Natural Gas Corporation Limited NIFTY50NSEINFRAPSU | 265.40 | 8.06 | ₹3.34 L Cr | 6.97% | 12.95% | 12.70% | 1.70% | 4.11% |
| 5 | COALINDIA Coal India Limited NIFTY50NSEINFRAPSU | 457.90 | 9.07 | ₹2.82 L Cr | 4.80% | 19.79% | 28.12% | 9.74% | -0.71% |
| 6 | IOC Indian Oil Corporation Limited NSEINFRAPSU | 140.24 | 4.59 | ₹1.98 L Cr | 7.13% | 20.70% | 20.97% | -1.77% | 62.60% |
| 7 | HINDPETRO Hindustan Petroleum Corporation Limited NIFTY_MIDNSEINFRA | 393.85 | 4.64 | ₹83,804.29 Cr | 8.82% | 23.54% | 30.93% | 0.47% | 119.51% |
| 8 | OIL Oil India Limited NIFTY_MIDNSEINFRAPSU | 476.15 | 11.70 | ₹77,450.93 Cr | 3.99% | 10.13% | 12.74% | -2.02% | -8.81% |
| 9 | PETRONET Petronet LNG Limited NIFTY_MIDNSEINFRAPSU | 271.05 | 10.39 | ₹40,657.50 Cr | 3.69% | 21.26% | 18.56% | -9.63% | 5.56% |
Quarterly Results
Figures in INR.
| Metric | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | - | 1,005.29 Cr | 961.72 Cr | 902.96 Cr | 1,059.91 Cr | 1,167.06 Cr | 1,093.37 Cr |
| Cost of Revenue | - | 900.03 Cr | 848.73 Cr | 801.73 Cr | 937.92 Cr | 1,057.80 Cr | 956.83 Cr |
| Gross Profit | - | 105.26 Cr | 112.99 Cr | 101.23 Cr | 122.00 Cr | 109.26 Cr | 136.54 Cr |
| Operating Expenses | - | 70.02 Cr | 86.25 Cr | 62.53 Cr | 63.84 Cr | 57.60 Cr | 80.65 Cr |
| Operating Income | - | 35.24 Cr | 26.74 Cr | 38.70 Cr | 58.15 Cr | 51.66 Cr | 55.89 Cr |
| EBITDA | - | 43.71 Cr | 37.12 Cr | 48.65 Cr | 68.91 Cr | 62.70 Cr | 67.75 Cr |
| Interest Expense | - | 10.50 Cr | 13.51 Cr | 9.61 Cr | 10.27 Cr | 10.10 Cr | 7.61 Cr |
| Pretax Income | - | 26.88 Cr | 16.77 Cr | 31.78 Cr | 51.15 Cr | 45.14 Cr | 52.48 Cr |
| Tax Provision | - | 6.46 Cr | 4.48 Cr | 5.69 Cr | 11.37 Cr | 10.81 Cr | 15.43 Cr |
| Net Income | - | 19.33 Cr | 11.67 Cr | 26.23 Cr | 36.05 Cr | 32.39 Cr | 40.68 Cr |
| Diluted EPS | 1.91 | 1.98 | 1.19 | 2.68 | 3.68 | 3.31 | 4.16 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue | - | 4,075.95 Cr | 4,110.60 Cr | 3,896.93 Cr | 4,241.18 Cr |
| Cost of Revenue | - | 3,559.62 Cr | 3,624.38 Cr | 3,469.81 Cr | 3,754.08 Cr |
| Gross Profit | - | 516.32 Cr | 486.22 Cr | 427.12 Cr | 487.10 Cr |
| Operating Expenses | - | 208.92 Cr | 230.38 Cr | 277.36 Cr | 282.50 Cr |
| Operating Income | - | 307.40 Cr | 255.84 Cr | 149.76 Cr | 204.60 Cr |
| EBITDA | - | 322.75 Cr | 276.19 Cr | 188.55 Cr | 248.00 Cr |
| Interest Expense | - | 34.11 Cr | 45.76 Cr | 48.40 Cr | 37.59 Cr |
| Pretax Income | - | 271.86 Cr | 210.30 Cr | 114.25 Cr | 180.54 Cr |
| Tax Provision | - | 57.93 Cr | 44.99 Cr | 30.73 Cr | 43.29 Cr |
| Net Income | - | 190.88 Cr | 140.52 Cr | 80.06 Cr | 135.37 Cr |
| Diluted EPS | 17.17 | 23.86 | 16.27 | 8.18 | - |
Compounded Sales Growth
| 5 Years: | 1.33% |
| 1 Year: | 13.70% |
Compounded Profit Growth
| 5 Years: | -10.82% |
| 1 Year: | 268.00% |
Stock Price Performance
| 1 Year: | -8.77% |
| 6 Months: | +18.30% |
| 3 Months: | +9.20% |
| 1 Month: | +11.02% |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Total Assets | - | 1,631.77 Cr | 1,939.99 Cr | 1,959.09 Cr | 2,225.23 Cr |
| Current Assets | - | 1,255.14 Cr | 1,552.07 Cr | 1,489.49 Cr | 1,673.04 Cr |
| Cash & Equivalents | - | 46.85 Cr | 71.43 Cr | 50.60 Cr | 28.16 Cr |
| Inventory | - | 450.87 Cr | 447.75 Cr | 462.70 Cr | 644.31 Cr |
| Receivables | - | 561.80 Cr | 623.26 Cr | 670.37 Cr | 720.88 Cr |
| Total Liabilities | - | 853.46 Cr | 716.39 Cr | 670.16 Cr | 825.61 Cr |
| Current Liabilities | - | 781.35 Cr | 616.13 Cr | 511.86 Cr | 640.64 Cr |
| Long Term Debt | - | 22.30 Cr | 31.00 Cr | 28.36 Cr | 31.31 Cr |
| Total Debt | - | 219.98 Cr | 270.99 Cr | 304.60 Cr | 315.07 Cr |
| Total Equity | - | 743.40 Cr | 1,172.21 Cr | 1,236.10 Cr | 1,352.38 Cr |
| Shares Outstanding | - | 9.79 Cr | 9.79 Cr | 9.79 Cr | 9.79 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 87.93 Cr | -69.34 Cr | 14.72 Cr | 127.77 Cr |
| Investing Cash Flow | - | -72.19 Cr | -65.92 Cr | -48.10 Cr | -62.15 Cr |
| Financing Cash Flow | - | -28.57 Cr | 159.84 Cr | 12.54 Cr | -88.05 Cr |
| Capital Expenditure | - | -55.66 Cr | -55.31 Cr | -57.64 Cr | -79.76 Cr |
| Free Cash Flow | - | 32.27 Cr | -124.65 Cr | -42.92 Cr | 48.01 Cr |
| Net Change in Cash | - | -12.83 Cr | 24.58 Cr | -20.84 Cr | -22.43 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Gross Margin % | - | 12.7% | 11.8% | 11.0% | 11.5% |
| Operating Margin % | - | 7.5% | 6.2% | 3.8% | 4.8% |
| Net Margin % | - | 4.7% | 3.4% | 2.1% | 3.2% |
| ROE % | - | 25.7% | 12.0% | 6.5% | 10.0% |
| ROCE % | - | 36.1% | 19.3% | 10.3% | 12.9% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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