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Gandhar Oil Refinery (India) Limited

Gandhar Oil Refinery (India) Limited

NSE: GANDHAR
Oil & Gas Refining & MarketingEnergySMALL CAPMCap ₹2.90k Cr
₹296.65₹-2.45 (-0.82%)

Market Closed • NSE

Market cap₹2.90k Cr
Enterprise value₹3.16k Cr
P/E TTM9.63
P/B2.15
EPS TTM₹30.80
ROCE15.50%
D/E0.23
Dividend yield0.01%
Face value₹2.00
52W high₹313.50
52W low₹115.00
Price chart(1Y)
1Y Return:+86.01% (+₹137.17)
H: ₹313.5L: ₹155.71
1W-3.69%
1M+10.12%
3M+30.59%
6M+112.38%
1Y+118.66%
Today at a glance

Day range

₹294.30₹302.00

52 week range

₹115.00₹313.50
Volume388.4K0.51x 20D avg
Free float50.00%-49.30% volume

Gandhar Oil Refinery (India) Limited closed at INR296.65 (-0.82%) on volume 0.51x its 20-day average, trading 5.37% below its 52-week high.

Technical analysis
RSI (14)59.8Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹12.06High
SMA 20₹283.63BULLISH
SMA 50₹267.56BULLISH
SMA 100₹231.05BULLISH
SMA 200₹187.96BULLISH
CPR bottom₹304.25
Pivot₹302.53
CPR top₹300.82
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +306.8% QoQ

2026-07-31

DIVIDEND Announced

Interim Dividend - Rs 2 Per Share

2026-01-30

DIVIDEND Announced

Interim Dividend - Re 0.75 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹315.1 Cr₹2.90k Cr10.85%≤ 33%PASS
Non-halal income ratio–₹4.24k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.20k Cr₹2.23k Cr98.73%≥ 20%PASS
Receivables ratio–₹2.23k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E9.6315.50
Forward P/E——
P/B2.152.10
EV/EBITDA—18.00
PEG—0.80
Earnings yield10.406.50
Growth & profitability
RevenuePAT
FY24PAT margin 3.40%
FY25PAT margin 2.10%
FY26PAT margin 3.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+10.30%
Revenue CAGR 5Y+0.60%
PAT CAGR 3Y+21.80%
PAT CAGR 5Y-0.70%
Operating margin15.79%
Net margin5.95%
Financial health & cash flow
Net debt₹286.9 CrModerate
Interest coverage5.40xEBIT / interest
CFO / PAT0.63x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹127.8 Cr
Capital expenditure–
Free cash flow₹48.0 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall83/100
Valuation75/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 15.5%

Low Debt Profile: Debt-to-Equity is comfortable at 0.23x

Attractive Valuation: P/E of 9.6x trades below sector historical averages

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Oil & Gas Refining & Marketing.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
31 Jul 2026Dividend₹2.00 / share—31 Jul 2026
30 Jan 2026Dividend₹0.75 / share—30 Jan 2026
01 Aug 2025Dividend₹0.50 / share—01 Aug 2025
—Annual General MeetingAnnual General Meeting—28 Aug 2024
23 Aug 2024Dividend₹0.50 / share—23 Aug 2024
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)47.03%+1.60% latest vs average
Highest delivery56.20%on 15 Oct
Average volume (20D)765.8KTrading-session average
Conviction trendStrengthening+1.60% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Reliance Industries Limited
Reliance Industries LimitedRELIANCE
Open analysis
₹16.39L21.930.49%₹3.09L₹23,196.00+27.02%-24.65%
Adani Enterprises Limited
Adani Enterprises LimitedADANIENT
Open analysis
₹3.64L43.390.05%₹5,954.00-₹890.00+1.29%-280.16%
Oil and Natural Gas Corporation Limited
Oil and Natural Gas Corporation LimitedONGC
Open analysis
₹2.79L6.426.45%₹2.05L₹6,554.00+25.68%-43.28%
Coal India Limited
Coal India LimitedCOALINDIA
Open analysis
₹2.57L8.226.34%₹48,295.27₹8,852.11+51.49%+1.24%
Indian Oil Corporation Limited
Indian Oil Corporation LimitedIOC
Open analysis
₹1.84L5.292.52%₹2.66L-₹1,141.00+38.51%-116.76%
Bharat Petroleum Corporation Limited
Bharat Petroleum Corporation LimitedBPCL
Open analysis
₹1.27L7.326.81%₹1.51L-₹1,873.00+34.41%-127.39%
Hindustan Petroleum Corporation Limited
Hindustan Petroleum Corporation LimitedHINDPETRO
Open analysis
₹73,622.6644.086.96%₹1.41L-₹12,265.00+26.85%-398.35%
Oil India Limited
Oil India LimitedOIL
Open analysis
₹72,384.058.662.92%₹9,293.27₹2,099.61+5.51%+60.26%
About Gandhar Oil Refinery (India) Limited
Gandhar Oil Refinery (India) Limited

Incorporated in 1992, Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end industries.[1]

IndiaEnergy

Questions investors ask
Is Gandhar Oil Refinery (India) Limited Shariah compliant?

Gandhar Oil Refinery (India) Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (10.85%) complies with AAOIFI threshold (≤ 33%).

What is Gandhar Oil Refinery (India) Limited's current valuation relative to peers?

Gandhar Oil Refinery (India) Limited trades at a P/E of 9.6x compared to the sector median of 15.5x, and a Price-to-Book of 2.1x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.23x. Interest coverage is 5.4x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 0.6% while net profit growth averaged -0.7%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.