Gandhar Oil Refinery (India) Limited GANDHAR NSEINFRA
Company Overview
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.
Why Investors Should Care
Trades at a P/E of 19.4, below the sector median of 19.5.
Carries low leverage with a debt-to-equity ratio of 0.23.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹4,241.18 Cr (+8.8% YoY); net profit ₹135.37 Cr.
- Trailing 12 Months Year-on-year growth — revenue +8.8%, earnings +69.1%.
- 5-Year Trend Long-term compounding — revenue CAGR 1.3%, profit CAGR -10.8%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 1.33% |
| 1 Year: | 8.83% |
Compounded Profit Growth
| 5 Years: | -10.82% |
| 1 Year: | 69.09% |
Stock Price Performance
| 1 Year: | +80.59% |
| 6 Months: | +100.89% |
| 3 Months: | +69.51% |
| 1 Month: | +10.15% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMAAbove
- RSI (14)67.96 · Neutral
P/E of 19.35 is below the sector median of 19.52 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
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 Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -10.8% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
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 | 267.60 | 19.35 | ₹2,619.26 Cr | 1.34% | 13.77% | 10.01% | 1.33% | -10.82% |
| 2 | RELIANCE Reliance Industries Limited NIFTY50NSEAIINFRA | 1,322.00 | 22.15 | ₹17.89 L Cr | 0.45% | 8.99% | 8.93% | 6.39% | 6.59% |
| 3 | ADANIENT Adani Enterprises Limited NIFTY50NSEAIINFRA | 2,938.00 | 39.92 | ₹3.80 L Cr | 0.04% | 9.83% | 11.54% | -7.67% | 55.92% |
| 4 | ONGC Oil and Natural Gas Corporation Limited NIFTY50NSEINFRAPSU | 234.65 | 7.13 | ₹2.95 L Cr | 6.10% | 12.57% | 11.14% | -1.30% | 4.11% |
| 5 | COALINDIA Coal India Limited NIFTY50NSEINFRAPSU | 415.35 | 8.23 | ₹2.56 L Cr | 5.05% | 19.79% | 26.11% | 9.74% | -0.71% |
| 6 | IOC Indian Oil Corporation Limited NSEINFRAPSU | 137.60 | 4.50 | ₹1.94 L Cr | 5.78% | 20.53% | 19.18% | -2.21% | 62.60% |
| 7 | BPCL Bharat Petroleum Corporation Limited NIFTY50NSEINFRAPSU | 315.70 | 5.22 | ₹1.37 L Cr | 6.18% | 26.36% | 25.80% | -1.15% | 129.75% |
| 8 | OIL Oil India Limited NIFTY_MIDNSEINFRAPSU | 488.30 | 12.00 | ₹79,427.26 Cr | 4.28% | 10.13% | 11.41% | -2.02% | -8.81% |
| 9 | HINDPETRO Hindustan Petroleum Corporation Limited NIFTY_MIDNSEINFRA | 356.50 | 4.20 | ₹75,856.87 Cr | 6.14% | 23.32% | 27.53% | 0.21% | 119.51% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 987.00 Cr | 1,070.00 Cr | 1,001.00 Cr | 1,103.00 Cr | 939.00 Cr | 995.00 Cr | 935.00 Cr | 1,005.00 Cr | 961.72 Cr | 902.96 Cr | 1,059.91 Cr | 1,167.06 Cr | 1,093.37 Cr | 1,731.93 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 848.73 Cr | 801.73 Cr | 937.92 Cr | 1,057.80 Cr | 956.83 Cr | 1,361.39 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 112.99 Cr | 101.23 Cr | 122.00 Cr | 109.26 Cr | 136.54 Cr | 370.54 Cr |
| Operating Expenses | 940.00 Cr | 986.00 Cr | 925.00 Cr | 1,018.00 Cr | 906.00 Cr | 934.00 Cr | 895.00 Cr | 964.00 Cr | 86.25 Cr | 62.53 Cr | 63.84 Cr | 57.60 Cr | 80.65 Cr | 97.06 Cr |
| Operating Income | 42.00 Cr | 79.00 Cr | 71.00 Cr | 80.00 Cr | 28.00 Cr | 54.00 Cr | 34.00 Cr | 36.00 Cr | 26.74 Cr | 38.70 Cr | 58.15 Cr | 51.66 Cr | 55.89 Cr | 273.48 Cr |
| EBITDA | 47.00 Cr | 84.00 Cr | 76.00 Cr | 85.00 Cr | 34.00 Cr | 60.00 Cr | 40.00 Cr | 42.00 Cr | 37.12 Cr | 48.65 Cr | 68.91 Cr | 62.70 Cr | 67.75 Cr | 284.34 Cr |
| Interest Expense | 14.00 Cr | 13.00 Cr | 15.00 Cr | 16.00 Cr | 14.00 Cr | 13.00 Cr | 11.00 Cr | 10.00 Cr | 13.51 Cr | 9.61 Cr | 10.27 Cr | 10.10 Cr | 7.61 Cr | 12.74 Cr |
| Pretax Income | 34.00 Cr | 67.00 Cr | 58.00 Cr | 66.00 Cr | 19.00 Cr | 46.00 Cr | 25.00 Cr | 27.00 Cr | 16.77 Cr | 31.78 Cr | 51.15 Cr | 45.14 Cr | 52.48 Cr | 263.76 Cr |
| Tax Provision | 6.12 Cr | 12.73 Cr | 10.44 Cr | 15.18 Cr | 7.03 Cr | 13.34 Cr | 6.50 Cr | 6.48 Cr | 4.48 Cr | 5.69 Cr | 11.37 Cr | 10.81 Cr | 15.43 Cr | 57.87 Cr |
| Net Income | 28.00 Cr | 54.00 Cr | 48.00 Cr | 51.00 Cr | 12.00 Cr | 33.00 Cr | 18.00 Cr | 20.00 Cr | 11.67 Cr | 26.23 Cr | 36.05 Cr | 32.39 Cr | 40.68 Cr | 192.29 Cr |
| Diluted EPS | 2.77 | 5.59 | 4.91 | 4.83 | 0.93 | 3.15 | 1.86 | 1.98 | 1.19 | 2.68 | 3.68 | 3.31 | 4.16 | 19.65 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,756.00 Cr | 2,169.00 Cr | 3,568.00 Cr | 2,504.00 Cr | 2,221.00 Cr | - | 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 | 1,680.00 Cr | 2,042.00 Cr | 3,496.00 Cr | 2,444.00 Cr | 2,081.00 Cr | - | 208.92 Cr | 230.38 Cr | 277.36 Cr | 282.50 Cr |
| Operating Income | 68.00 Cr | 118.00 Cr | 64.00 Cr | 49.00 Cr | 129.00 Cr | - | 307.40 Cr | 255.84 Cr | 149.76 Cr | 204.60 Cr |
| EBITDA | 76.00 Cr | 127.00 Cr | 72.00 Cr | 60.00 Cr | 140.00 Cr | - | 322.75 Cr | 276.19 Cr | 188.55 Cr | 248.00 Cr |
| Interest Expense | 47.00 Cr | 31.00 Cr | 48.00 Cr | 50.00 Cr | 37.00 Cr | - | 34.11 Cr | 45.76 Cr | 48.40 Cr | 37.59 Cr |
| Pretax Income | 31.00 Cr | 100.00 Cr | 27.00 Cr | 13.00 Cr | 120.00 Cr | - | 271.86 Cr | 210.30 Cr | 114.25 Cr | 180.54 Cr |
| Tax Provision | 4.96 Cr | 26.00 Cr | 8.10 Cr | 3.12 Cr | 20.40 Cr | - | 57.93 Cr | 44.99 Cr | 30.73 Cr | 43.29 Cr |
| Net Income | 26.00 Cr | 74.00 Cr | 19.00 Cr | 10.00 Cr | 100.00 Cr | - | 190.88 Cr | 140.52 Cr | 80.06 Cr | 135.37 Cr |
| Diluted EPS | 162.19 | 46.43 | 11.71 | 6.16 | 62.70 | - | 23.86 | 16.27 | 8.18 | 13.83 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 875.00 Cr | 1,108.00 Cr | 1,271.00 Cr | 1,008.00 Cr | 1,101.00 Cr | - | 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 | 272.00 Cr | 326.00 Cr | 116.00 Cr | 146.00 Cr | 90.00 Cr | - | 219.98 Cr | 270.99 Cr | 304.60 Cr | 315.07 Cr |
| Total Equity | 228.00 Cr | 301.00 Cr | 384.00 Cr | 346.00 Cr | 445.00 Cr | - | 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 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 214.00 Cr | -26.00 Cr | 165.00 Cr | 70.00 Cr | 118.00 Cr | - | 87.93 Cr | -69.34 Cr | 14.72 Cr | 127.77 Cr |
| Investing Cash Flow | -10.00 Cr | -8.00 Cr | 1.00 Cr | -24.00 Cr | -22.00 Cr | - | -72.19 Cr | -65.92 Cr | -48.10 Cr | -62.15 Cr |
| Financing Cash Flow | -221.00 Cr | 24.00 Cr | -176.00 Cr | -45.00 Cr | -91.00 Cr | - | -28.57 Cr | 159.84 Cr | 12.54 Cr | -88.05 Cr |
| Capital Expenditure | -19.00 Cr | -15.00 Cr | -11.00 Cr | -16.00 Cr | -10.00 Cr | - | -55.66 Cr | -55.31 Cr | -57.64 Cr | -79.76 Cr |
| Free Cash Flow | 195.00 Cr | -41.00 Cr | 154.00 Cr | 54.00 Cr | 108.00 Cr | - | 32.27 Cr | -124.65 Cr | -42.92 Cr | 48.01 Cr |
| Net Change in Cash | -16.00 Cr | -10.00 Cr | -11.00 Cr | 2.00 Cr | 5.00 Cr | - | -12.83 Cr | 24.58 Cr | -20.84 Cr | -22.43 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | 12.7% | 11.8% | 11.0% | 11.5% |
| Operating Margin % | 3.9% | 5.4% | 1.8% | 2.0% | 5.8% | - | 7.5% | 6.2% | 3.8% | 4.8% |
| Net Margin % | 1.5% | 3.4% | 0.5% | 0.4% | 4.5% | - | 4.7% | 3.4% | 2.1% | 3.2% |
| ROE % | 11.4% | 24.6% | 4.9% | 2.9% | 22.5% | - | 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.
Latest News
Recent headlines for GANDHAR
Gandhar Oil Refinery schedules in-person investor meet on September 7 - scanx.trade
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Gandhar Oil Refinery (India) Limited (NSE:GANDHAR) Looks Interesting, And It's About To Pay A Dividend - webull.com
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Gandhar Oil Refinery Board Clears Q1 Results, Interim Dividend and Governance Changes - The Globe and Mail
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Gandhar Oil Declares ₹2.00 Interim Dividend; Stock Slips 2.42% in Previous Session - TradingView
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Gandhar Oil Refinery (India) Ltd Financials – Balance Sheet, Profit & Loss, Cash Flow - Value Research
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GANDHAR — Frequently Asked Questions
What is the current share price of Gandhar Oil Refinery (India) Limited (GANDHAR)?
As of 2026-09-08 04:53 IST, Gandhar Oil Refinery (India) Limited (GANDHAR) trades at ₹267.60 on NSE. Its 52-week range is ₹115.71 to ₹279.86.
What is the market capitalisation of GANDHAR?
Gandhar Oil Refinery (India) Limited (GANDHAR) has a market capitalisation of ₹2,619.26 Cr on NSE.
What is the P/E ratio of GANDHAR?
GANDHAR trades at a trailing price-to-earnings (P/E) ratio of 19.35. The industry average P/E is 19.52. Its price-to-book (P/B) ratio is 1.76.
Does GANDHAR pay a dividend?
Gandhar Oil Refinery (India) Limited (GANDHAR) currently offers a dividend yield of 1.34%.
What is the return on equity (ROE) of GANDHAR?
GANDHAR has a return on equity (ROE) of 10.01%. Its return on capital employed (ROCE) is 13.77%.
Is GANDHAR a good stock to buy?
This page provides a data-driven analysis of Gandhar Oil Refinery (India) Limited (GANDHAR), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.