Gandhar Oil Refinery (India) Limited share price

Gandhar Oil Refinery (India) Limited manufactures and sells white oils in India. It offers mineral and specialty oils, petroleum jellies, industrial solvents, and paraffin waxes for consumer, healthcare, chemicals, and plastics sectors; 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 is also involved in trading non-coking coal; and the provision of logistics services, including cargo handling and transportation. Further, i…Read more

Website NSE हिंदी में BSE

EnergyOil & Gas Refining & MarketingNSE: GANDHARISIN INE717W01049

16 Oct 2026, 3:30 PM IST₹296.65▼ 2.45 (0.82%)

Market Cap₹ 2,904 Cr.
Current Price₹ 296.65
High / Low₹ 314 / 115
Stock P/E9.6
Book Value₹ 138
Dividend Yield0.93 %
ROCE13.4 %
ROE10.50 %
Face Value₹ 2.0

More figures (10)

EPS (TTM)₹ 30.80
Price / Book2.15
OPM4.8 %
Debt / Equity0.23
Sales growth (4Y)1.3 %
Profit growth (4Y)-10.8 %
Promoter holding66.6 %
EV / EBITDA6.6
Beta0.50
All-time high₹ 344

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
GANDHAR	+14.56%	+40.63%	+99.63%	+92.18%	+118.82%	—	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Gandhar Oil Refinery (India) Limited is in the Oil & Gas Refining & Marketing industry (Energy), with a market value of ₹2,904 crore.
It trades at 9.6 times its last 12 months' earnings and 2.1 times book value.
Revenue grew 1.3% a year over the last 4 years, profit -10.8% a year.
Return on equity was 10.5% and return on capital employed 13.4% in the latest year.
Debt was 0.23 times shareholders' equity.
The share price is 5.4% below its 52-week high and up 118.8% over one year.
Promoters and insiders hold about 66.6%; institutions about 0.7%.

Pros

Latest quarter (Jun 2026): sales up 92% and profit up 689% from a year ago.
Trades at 9.6 times earnings, below its 3-year median of 15.6.
Promoters have raised their holding by 1.97 points over 11 quarters, to 66.60%.
Borrowings are moderate at 0.23 times shareholders' equity.
Promoters hold a large stake of 66.60%.

Cons

Institutional (FII + DII) holding has fallen by 6.8 points over 11 quarters.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Gandhar Oil Refinery (India) Limited

Employees: 365
Head office: Mumbai

EnergyOil & Gas Refining & Marketing

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Gandhar Oil Refinery (India)	296.65	9.6	2,904	0.93	206	689.19	1,732	91.81	13.4	10.5	2.15	4.8	0.23	66.64	4,241	1.3
2.	Reliance Industries	1,211.20	21.9	16,39,053	0.49	20,946	7.93	3,09,468	18.39	9.0	9.2	1.81	11.5	0.44	51.80	10,57,219	6.4
3.	Indian Oil Corporation	130.38	5.3	1,84,113	2.52	-1,141	-116.76	2,81,933	27.08	20.5	20.7	0.82	8.8	0.60	73.39	9,01,453	-2.2
4.	Bharat Petroleum Corporation	293.50	7.3	1,27,335	6.81	-1,873	-127.38	1,59,527	23.08	26.4	28.5	1.25	8.3	0.54	56.66	5,22,820	-1.2
5.	Hindustan Petroleum Corporation	346.00	44.1	73,623	6.96	-12,265	-459.09	1,39,978	28.33	23.3	30.9	1.12	5.7	0.85	55.00	4,36,280	0.2
6.	Aegis Logistics	1,366.70	38.3	47,971	0.95	484	268.90	2,357	37.07	14.2	16.8	7.92	15.5	0.69	67.54	8,283	-1.3
7.	Petronet LNG	293.00	10.4	43,950	3.39	1,137	35.07	5,558	-53.22	21.2	18.6	1.97	11.1	0.11	50.18	43,347	-9.7
8.	Mangalore Refinery and Petrochemicals	172.71	6.9	30,269	3.43	1,901	202.98	35,590	37.13	19.0	14.2	2.12	6.7	1.08	89.97	1,05,155	-6.7
9.	Chennai Petroleum Corporation	1,406.60	5.0	20,946	4.29	1,031	—	29,359	57.14	33.4	32.1	1.89	7.0	0.18	68.80	78,611	-6.0
10.	Castrol India	197.74	18.4	19,559	6.37	348	42.50	1,871	25.03	65.0	45.5	10.26	21.9	0.03	51.30	5,700	6.2
	Median: 12 Co.	295.08	10.0	37,110	2.96	416	35.07	32,475	27.71	20.9	17.7	1.90	7.7	0.49	61.65	91,883	-1.3

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	1,001	1,103	939	995	935	1,005	962	903	1,060	1,167	1,093	1,732
YOY Sales Growth %					-6.58%	-8.83%	2.39%	-9.23%	13.35%	16.09%	13.69%	91.81%
	925	1,017	906	934	895	964	928	857	994	1,108	1,030	1,451
Material Cost %	88%	88%	89%	89%	89%	90%	88%	89%	88%	91%	88%	79%
Employee Cost %	1%	1%	3%	1%	1%	1%	2%	1%	1%	1%	2%	1%
Other Expenses %	4%	4%	5%	4%	5%	5%	6%	5%	4%	3%	5%	4%
Operating Profit	76	85	34	60	40	42	34	46	66	59	64	281
OPM %	8%	8%	4%	6%	4%	4%	3%	5%	6%	5%	6%	16%
Other Income	2	2	5	5	2	2	4	3	3	4	4	3
Interest	15	16	14	13	11	10	14	10	10	10	8	13
Depreciation	5	5	6	6	6	6	7	7	7	7	8	8
Profit before tax	58	66	19	46	25	27	17	32	51	45	52	264
	18%	23%	37%	29%	26%	24%	27%	18%	22%	24%	29%	22%
Current tax	11	15	4	11	7	7	3	6	12	11	14	58
Deferred tax	-0	-0	3	3	-0	-1	2	-0	-0	0	1	-0
	48	51	12	33	18	20	12	26	40	34	37	206
Profit from associates					-0				0
Minority share	9	4	3	2	-0	1	1	-0	4	2	-4	14
Profit to shareholders	39	47	9	31	18	19	12	26	36	32	41	192
YOY Profit Growth %					-62.25%	-59.89%	1.44%	-20.09%	119.23%	68.13%	201.56%	689.19%
EPS in Rs	4.92	5.47	1.06	3.40	1.91	1.98	1.19	2.68	3.68	3.31	4.16	19.65
Raw filing

₹ Cr	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	690	737	717	790	761	857	752	745	807	923	929	1,591
YOY Sales Growth %					10.32%	16.34%	4.81%	-5.68%	6.05%	7.66%	23.63%	113.44%
	637	666	701	739	727	823	725	705	755	873	864	1,342
Material Cost %	87%	85%	89%	89%	90%	90%	87%	89%	89%	91%	87%	79%
Employee Cost %	1%	1%	3%	1%	1%	1%	2%	1%	1%	1%	2%	1%
Other Expenses %	4%	4%	6%	4%	5%	5%	7%	5%	4%	3%	4%	4%
Operating Profit	53	71	17	51	35	34	26	41	52	49	66	249
OPM %	8%	10%	2%	6%	5%	4%	4%	5%	6%	5%	7%	16%
Other Income	2	2	9	5	3	3	4	3	4	9	5	3
Interest	11	11	8	9	8	7	9	6	6	6	5	10
Depreciation	4	4	4	5	5	5	7	6	6	6	6	6
Profit before tax	41	58	13	42	25	24	15	32	44	46	60	236
	25%	25%	54%	32%	26%	27%	28%	18%	26%	22%	26%	24%
Current tax	11	15	4	11	7	7	2	6	12	11	14	58
Deferred tax	-0	-0	3	3	-0	-1	2	-0	-0	-1	1	-0
	30	44	6	29	18	18	11	26	32	36	44	179
YOY Profit Growth %					-40.00%	-59.86%	72.78%	-9.48%	76.28%	104.51%	319.01%	581.84%
EPS in Rs	3.80	5.05	0.71	3.19	1.92	1.79	1.08	2.68	3.29	3.66	4.51	18.27
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	4,113	3,897	4,241	5,052
YOY Sales Growth %		-5.26%	8.83%
	3,834	3,721	4,007	4,582
Material Cost %	88%	89%	89%	85%
Employee Cost %	1%	1%	1%	1%
Other Expenses %	4%	5%	5%	4%
Operating Profit	279	176	234	470
OPM %	7%	5%	6%	9%
Other Income	10	13	13	14
Interest	58	48	38	41
Depreciation	20	26	30	30
Profit before tax	210	114	180	412
	21%	27%	24%	23%
Current tax	43	27	43
Deferred tax	2	4	0
	165	83	137	317
Profit from associates		-0	0	0
Minority share	25	3	2	16
Profit to shareholders	141	80	135	301
YOY Profit Growth %		-49.49%	64.38%
EPS in Rs	16.27	8.18	13.83	30.80
Dividend Payout %	3%	6%	9%

Compounded Sales Growth

TTM:: 33%

Compounded Profit Growth

TTM:: 312%

Stock Price CAGR

1 Year:: 119%

Return on Equity

4 Years:: 14%
Last Year:: 11%

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	2,842	3,160	3,423	4,250
YOY Sales Growth %		11.21%	8.30%
	2,642	3,015	3,215	3,834
Material Cost %	87%	89%	88%	85%
Employee Cost %	1%	1%	1%	1%
Other Expenses %	4%	5%	4%	4%
Operating Profit	200	146	208	416
OPM %	7%	5%	6%	10%
Other Income	17	15	21	22
Interest	38	33	24	27
Depreciation	15	22	25	25
Profit before tax	164	105	181	385
	27%	29%	24%	25%
Current tax	43	26	43
Deferred tax	2	4	0
	119	75	138	291
YOY Profit Growth %		-36.58%	83.81%
EPS in Rs	13.75	7.69	14.14	29.73
Dividend Payout %	3%	6%	9%

Compounded Sales Growth

TTM:: 36%

Compounded Profit Growth

TTM:: 301%

Stock Price CAGR

1 Year:: 119%

Return on Equity

4 Years:: 14%
Last Year:: 11%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	20	20	20
Reserves	727	1,153	1,217	1,333
	220	271	305	315
Long term borrowings	22	31	28	31
Short term borrowings	147	172	153	137
	668	497	418	558
Trade payables	567	372	315	437
Minority interest	35	51	53	47
Current liabilities	781	616	512	641
Total Liabilities	1,632	1,940	1,959	2,225
	311	370	457	529
Gross block	388	452	560	661
Accumulated depreciation	76	83	103	132
Goodwill & intangibles	1	1	1	1
CWIP	76	11	9	32
	1,244	1,559	1,493	1,664
Inventories	451	448	463	644
Trade receivables	562	623	670	721
Cash & equivalents	47	71	51	28
Current assets	1,255	1,552	1,489	1,673
Total Assets	1,632	1,940	1,959	2,225

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	88	-69	15	128
Profit for the year	191	141	80	135
Working capital changes	-167	-302	-136	-72
Direct taxes paid	-61	-47	-31	-35
	-72	-66	-48	-62
Fixed assets purchased	-56	-55	-58	-80
	-29	160	13	-88
Interest paid	-56	-64	-59	-50
Dividends paid		-4	-5	-12
Net Cash Flow	-13	25	-21	-22
Free Cash Flow	32	-125	-43	48

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	25.7%	14.7%	6.6%	10.5%
ROCE	—	36.0%	19.3%	10.6%	13.4%
Operating margin	—	7.5%	6.2%	4.0%	4.8%
Net margin	—	4.7%	3.4%	2.1%	3.2%
Debt / equity	—	0.30	0.23	0.25	0.23
Current ratio	—	1.61	2.52	2.91	2.61
Debtor days	—	50	55	63	62
Inventory days	—	46	45	49	63
Days payable	—	58	37	33	42
Cash conversion cycle	—	38	63	79	83
Working capital days	—	42	83	92	89

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 66.60%
FIIs 1.28%
DIIs 1.02%
Public 31.10%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	64.63%	64.63%	64.63%	64.63%	64.63%	65.01%	65.01%	65.01%	66.18%	66.47%	66.60%
	2.53%	0.53%	0.18%	0.02%	0.62%	0.18%	0.24%	0.17%	0.35%	0.14%	1.28%
Foreign portfolio investors (Cat. I)	2.53%	0.53%	0.18%	0.02%	0.61%	0.17%	0.20%	0.16%	0.33%	0.11%	0.67%
Foreign portfolio investors (Cat. II)					0.01%	0.01%	0.04%	0.01%	0.01%	0.03%	0.60%
	6.61%	3.47%	2.64%	1.84%	1.70%	1.78%	1.96%	2.05%	0.43%	0.09%	1.02%
Mutual funds	4.24%	2.73%	1.62%	1.62%	1.62%	1.62%	1.62%	1.62%
Insurance companies	0.91%
Banks	0.28%	0.28%	0.19%
Alternative investment funds	1.18%	0.46%	0.84%	0.22%	0.08%	0.17%	0.35%	0.43%	0.43%	0.09%	1.02%
	26.24%	31.37%	32.55%	33.51%	33.05%	33.03%	32.79%	32.77%	33.05%	33.30%	31.10%
Retail (up to ₹2 lakh)	21.44%	25.75%	26.84%	27.49%	25.52%	25.47%	24.83%	24.53%	24.86%	24.86%	24.79%
HNIs (above ₹2 lakh)	0.12%	0.43%	0.27%	0.12%	0.51%	0.16%	0.71%	0.71%	0.75%	1.41%	1.14%
NRIs	0.23%	0.43%	0.49%	0.66%	0.58%	0.55%	0.55%	0.54%	0.58%	0.60%	0.63%
Bodies corporate	3.57%	3.59%	3.68%	3.51%	3.94%	4.43%	4.74%	4.52%	4.51%	4.31%	2.55%
No. of Shareholders	1,82,532	1,80,727	1,72,305	1,67,001	1,53,263	1,50,403	1,45,648	1,41,406	1,38,347	1,39,482	1,34,265

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 31 Jul 2026
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

Gandhar Oil Refinery GANDHAR Reg 74(5) Certificate Q2 FY27Kalkine India · 2 d ago

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Gandhar Oil Refinery (India) Limited

What is the share price of Gandhar Oil Refinery (India) Limited today?

Gandhar Oil Refinery (India) Limited (GANDHAR) last traded at ₹296.65 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.

What is the market cap of Gandhar Oil Refinery (India) Limited?

About ₹2,904 crore at the latest price.

What is the P/E ratio of Gandhar Oil Refinery (India) Limited?

About 9.6 times its earnings over the last 12 months.

Is Gandhar Oil Refinery (India) Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Gandhar Oil Refinery (India) Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Gandhar Oil Refinery (India) Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Gandhar Oil Refinery (India) Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Gandhar Oil Refinery (India) Limited

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