Gandhar Oil Refinery logo

Gandhar Oil Refinery

GANDHAR NSE

Key Fundamentals

MicrocapLubricantsPetroleum Products
Market Cap
₹2,648 Cr
Volatility
Moderate
P/E Ratio
8.85
EBITDA
₹248 Cr
Return on Equity
9.81%
Debt to Equity
0.23
Book Value
₹138.17
EPS
₹12.94
52W High
₹303.17
52W Low
₹115

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

2
  • Company has a low return on equity of 10.3% over last 3 years.
  • Dividend payout has been low at 5.01% of profits over last 3 years

Growth Rate

Revenue Growth
8.82% higher than 3Y
Net Income Growth
64.31% higher than 3Y
Cash Flow Change
768% higher than 3Y
ROE
51.39% higher than 3Y
ROCE
22.51% higher than 3Y
EBITDA Margin (Avg.)
20.7% higher than 3Y

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,070
1,001
1,103
939
995
935
1,005
962
903
1,060
1,167
1,093
1,732
Expenses
986
925
1,018
906
934
895
964
928
857
994
1,108
1,030
1,451
Operating Profit
84
76
85
34
60
40
42
34
46
66
59
64
281
OPM %
8%
8%
8%
3.6%
6%
4.3%
4.1%
3.5%
5%
6%
5%
6%
16%
Other Income
1
2
2
5
5
2
2
4
3
3
4
4
3
Interest
13
15
16
14
13
11
10
14
10
10
10
8
13
Depreciation
5
5
5
6
6
6
6
7
7
7
7
8
8
PBT
67
58
66
19
46
25
27
17
32
51
45
52
264
Tax %
19%
18%
23%
37%
29%
26%
24%
27%
18%
22%
24%
29%
22%
Net Profit
54
48
51
12
33
18
20
12
26
40
34
37
206
EPS in Rs
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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,756
2,169
3,568
2,504
2,221
3,543
4,079
4,113
3,897
4,241
5,052
Expenses
1,680
2,042
3,496
2,444
2,081
3,296
3,762
3,833
3,720
4,004
4,582
Operating Profit
76
127
72
60
140
247
317
280
176
237
470
OPM %
4.3%
6%
2%
2.4%
6%
7%
8%
7%
4.5%
6%
9%
Other Income
10
13
11
13
29
26
24
10
13
13
14
Interest
47
31
48
50
37
33
52
59
49
40
41
Depreciation
8
9
8
11
11
15
17
20
26
30
30
PBT
31
100
27
13
120
225
272
210
114
181
413
Tax %
16%
26%
30%
24%
17%
27%
21%
21%
27%
24%
—
Net Profit
26
74
19
10
100
164
214
165
84
137
317
EPS in Rs
162
46.43
11.71
6.16
62.7
18.42
23.86
14.36
8.18
13.83
30.8
Div. Payout %
1778%
0%
85%
73%
0%
0%
2%
3%
6%
5%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
16
16
16
16
16
16
16
20
20
20
Reserves
212
285
368
330
429
525
727
1,153
1,217
1,333
Borrowings
272
326
116
146
90
191
220
271
305
315
Other Liabilities
374
481
771
516
566
586
668
497
418
558
Total Liabilities
875
1,108
1,271
1,008
1,101
1,318
1,632
1,940
1,959
2,225
Fixed Assets
74
78
99
97
88
190
238
361
450
498
CWIP
2
4
5
12
22
44
73
9
8
29
Investments
0
0
1
0
7
0
0
0
0
3
Other Assets
798
1,025
1,166
899
984
1,084
1,321
1,570
1,501
1,695
Total Assets
875
1,108
1,271
1,008
1,101
1,318
1,632
1,940
1,959
2,225
Figures in ₹ Crores

Cash Flow

Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
214
-26
165
70
118
167
88
-69
15
128
Investing
-10
-8
1
-24
-22
-116
-72
-66
-48
-62
Financing
-221
24
-176
-45
-91
-4
-29
160
13
-88
Net Cash Flow
-16
-10
-11
2
5
47
-13
25
-21
-22
Free Cash Flow
195
-41
154
54
108
51
32
-125
15
128
CFO/OP
299
-11
265
118
85
90
47
-8
26
69
Figures in ₹ Crores

Ratios

Particulars Mar 2016Mar 2017Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
90
95
63
64
84
46
50
55
63
62
Inventory Days
54
51
30
32
38
40
47
46
50
64
Days Payable
84
81
84
82
101
63
59
38
34
43
Cash Conversion Cycle
60
65
9
14
22
22
38
63
79
83
Working Capital Days
70
75
17
23
37
19
33
58
77
78
ROCE %
—
23%
—
13%
31%
39%
37%
22%
11%
13%

Insights

Beta

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Shareholding Pattern

DIIs1.02%Promot.66.60%FIIs1.28%Others5.17%Public25.93%As ofJun 2026

Documents

Frequently Asked Questions about Gandhar Oil Refinery

What does Gandhar Oil Refinery (India) Ltd do?
Incorporated in 1992, Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end industries.[1]
Where is Gandhar Oil Refinery (India) Ltd (GANDHAR) listed?
Gandhar Oil Refinery (India) Ltd trades as GANDHAR on the NSE and under code 544029 on the BSE.
Which sector does Gandhar Oil Refinery (India) Ltd belong to?
Gandhar Oil Refinery (India) Ltd is classified under the Petroleum Products sector, in the Lubricants industry.
What is the market capitalisation of Gandhar Oil Refinery (India) Ltd?
Gandhar Oil Refinery (India) Ltd has a market capitalisation of ₹2,648 Cr, which places it in the Small Cap band.
What is the PE ratio of Gandhar Oil Refinery (India) Ltd?
Gandhar Oil Refinery (India) Ltd trades at a PE ratio of 8.85, on earnings per share of ₹12.94, against a book value of ₹138.17 per share.
What is the 52-week high and low of Gandhar Oil Refinery (India) Ltd?
Over the last 52 weeks Gandhar Oil Refinery (India) Ltd has traded between ₹115 and ₹303.17.
Does Gandhar Oil Refinery (India) Ltd pay dividends?
Gandhar Oil Refinery (India) Ltd has a dividend yield of 0.74%.
What is the Return on Equity (ROE) of Gandhar Oil Refinery (India) Ltd?
Gandhar Oil Refinery (India) Ltd reported a return on equity of 9.81%. Its debt-to-equity ratio is 0.23.

Company Information

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

Website gandharoil.com
CEO Mr. Ramesh Babulal Parekh
Employees 410
Listed 2023-11-30
Face Value ₹ 2
Issued Size 9,78,79,530

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