Gandhar Oil Refinery (India)
Gandhar Oil Refinery (India) Limited valuation: P/E, P/B and sector benchmarks.
Twelve years of multiples investors have paid for Gandhar Oil Refinery (India) Limited, framed against the sector median so the premium or discount is obvious at a glance.
Gandhar Oil Refinery (India) Limited trades at a P/E of 8.32× and P/B of 0.83×, against the Oil Gas & Consumable Fuels sector median P/E of 8.76×.
Valuation
Profitability
Growth
Financial Health
Gandhar Oil Refinery (India) Limited chart patterns: breakouts, tops and bottoms.
Auto-detected classical chart patterns for Gandhar Oil Refinery (India) Limited — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.
Gandhar Oil Refinery (India) Limited financials: P&L, balance sheet, cash flow, ratios.
Twelve years of audited numbers for Gandhar Oil Refinery (India) Limited, switchable between annual and quarterly views, consolidated or standalone.
Gandhar Oil Refinery (India) Limited reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹1,774.16 Cr and reported EPS of ₹13.83.
| Period | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue from Operations | 4,113 | 3,897 | 4,241 |
| Other Income | 10 | 13 | 13 |
| Total Income | 4,123 | 3,910 | 4,255 |
| Cost of Goods Sold (COGS) | 3,620 | 3,470 | 3,754 |
| Gross Profit | 493 | 427 | 487 |
| +Operating Expenses | 214 | 251 | 253 |
| EBITDA | 279 | 176 | 234 |
| +Non-Operating Expenses | 78 | 74 | 67 |
| Profit Before Tax (PBT) | 210 | 114 | 180 |
| +Tax Expense | 45 | 31 | 43 |
| Total Profit for Period | 165 | 83 | 137 |
| Less: Non-controlling Interests | 25 | 3 | 2 |
| Net Profit (Owner's PAT) | 141 | 80 | 135 |
| Earnings Per Share (EPS) | 14.36 | 8.18 | 13.83 |
| Diluted Shares Outstanding (Nos.) | 10 | 10 | 10 |
| +Additional Disclosures | 7,555 | 7,265 | 7,817 |
| Sales Growth % | — | -5.26 | 8.83 |
| YoY Sales Growth % | — | -5.26 | 8.83 |
| Material Cost % | 86 | 88 | 88 |
| Employee Cost % | 1 | 1 | 1 |
| Other Cost % | 4 | 5 | 5 |
| OPM % | 7 | 5 | 6 |
| Tax % | 21 | 27 | 24 |
| Profit Growth % | — | -43.05 | 69.14 |
| Gross Margin % | 0.00 | 0.00 | 0.00 |
| EBITDA Margin % | 0.00 | 0.00 | 0.00 |
| Interest Coverage Ratio | 0.00 | 0.00 | 0.00 |
| +Additional Fields | 259 | 150 | 205 |
Gandhar Oil Refinery (India) segment analysis: revenue and profit mix.
Disclosed business segments at Gandhar Oil Refinery (India) with their share of revenue and profit, switchable between consolidated and standalone reporting.
Gandhar Oil Refinery (India) discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.
Segment-wise Financial Analysis
Gandhar Oil Refinery (India) Limited investment thesis: bull case, bear case, and the flip lines.
Why someone would buy Gandhar Oil Refinery (India) Limited, why someone wouldn't, and the quantitative tripwires that would force the call to flip.
Gandhar Oil Refinery (India) Limited's investment case rests on 5 positive markers and 6 flagged concerns drawn from the latest reported filings.
What you're getting.
Gandhar Oil Refinery exhibits a robust promoter holding of 65%, signifying strong internal confidence and mitigating external pressures. This high ownership percentage contributes to the company's stability and reduces risks associated with management changes.
The company maintains a healthy financial structure with a low debt-to-equity ratio of 0.25. This indicates a lower risk of financial distress compared to its higher-debt industry peers, enhancing its financial flexibility and resilience.
Gandhar Oil Refinery's Price-to-Earnings (PE) ratio of 17.80 is favorable compared to the sector PE of 19.60. This suggests a potentially attractive valuation, reflecting investor confidence in its current performance and future prospects.
Gandhar's Return on Capital Employed (ROCE) at 10.60% lags behind several peers like Castrol India (55.16%) and Gulf Oil Lubricants (28.30%). This presents an opportunity to enhance operational efficiency and capital utilization to improve returns.
The company's low dividend yield of 0.37% compared to peers like Castrol India (4.28%) and Gulf Oil Lubricants (3.91%) offers an opportunity. Increasing dividend payouts could enhance shareholder returns and attract income-focused investors.
What can break it.
Gandhar Oil Refinery's quarterly profits have demonstrated volatility, with a recent -14.90% variation. This inconsistency raises concerns about the company's ability to maintain consistent financial performance and meet investor expectations.
The Return on Equity (ROE) of 6.65% is relatively modest compared to some competitors, indicating that the company may not be maximizing shareholder value as effectively as its peers, potentially hindering future growth.
A notable decline in FII holdings from 3.87% in Sep 2023 to 0.17% in Sep 2025, alongside DII holdings dropping from 10.72% to 2.05%, suggests waning institutional investor confidence. This trend warrants close monitoring.
Gandhar faces intense competition from larger, more profitable peers like Castrol India (ROCE 55.16%) and Gulf Oil Lubricants (ROCE 28.30%). This competitive landscape could pressure margins and market share, impacting future growth.
The stock's current price of 137.00 is near its 52-week low of 128.00 and significantly below its 52-week high of 245.00. This substantial decline indicates potential negative market sentiment and price volatility risks for investors.
What would change my mind.
Trim if P/E re-rates above 11 (~1.3× the sector multiple of 8.8). The valuation cushion thins from there.
Reassess if quarterly profit growth prints below 0% for two consecutive quarters. The bull case relies on compounding earnings.
Watch interest coverage if debt-to-equity climbs above 23.01. Balance sheet risk re-prices growth multiples fast.
Exit if ROE slips below 8%. The operating engine is no longer compounding capital efficiently.
Gandhar Oil Refinery (India) Limited peer comparison — same-sector benchmarks.
Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — Gandhar Oil Refinery (India) Limited is highlighted for quick read-across.
Quick Compare
Gandhar Oil Refinery (India) Limited technical analysis: indicators, pivots and CPR.
Live RSI, MACD and moving-average signals plus today's pivot and Central Pivot Range levels for Gandhar Oil Refinery (India) Limited — derived from the live tape, not yesterday's close.
Gandhar Oil Refinery (India) Limited last traded at ₹180.85 with an intraday range of ₹176.1–₹185 — live indicator, pivot and CPR signals below.
Pivot points
Standard pivot — most widely referenced.
Pivot levels · Classic
Live: ₹180.85| Level | Price (₹) | Distance | % Δ |
|---|---|---|---|
| R4 | 203.00 | +22.15 | +12.25% |
| R3 | 194.10 | +13.25 | +7.33% |
| R2 | 189.55 | +8.70 | +4.81% |
| R1 | 185.20 | +4.35 | +2.41% |
| PIVOT | 180.65 | -0.20 | -0.11% |
| CURRENT | 180.85 | — | — |
| S1 | 158.50 | -22.35 | -12.36% |
| S2 | 167.40 | -13.45 | -7.44% |
| S3 | 171.75 | -9.10 | -5.03% |
| S4 | 176.30 | -4.55 | -2.52% |
GANDHAR is trading Above CPR, indicating Bullishness
CPR is Narrower, suggesting likely for trending moves
Day's range: 176.1 ~ 184.79
Trading Inside opening range
Gandhar Oil Refinery (India) Limited delivery volume — last 20 sessions of conviction.
Daily traded volume and delivery percentage for Gandhar Oil Refinery (India) Limited over 20 sessions — the gap between intraday flipping and genuine accumulation.
Latest session delivery in Gandhar Oil Refinery (India) Limited stood at 31.6% of traded volume, against a 20-day average of 38.8%.
Gandhar Oil Refinery (India) announcements: results, concalls, ratings, M&A.
Filings Gandhar Oil Refinery (India) sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.
Gandhar Oil Refinery (India) files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 71 documents below.
Spurt in Volume
Significant increase in volume has been observed in Gandhar Oil Refinery (India) Limited. The Exchange, in order to ensure that investors have latest…
Disclosure under SEBI Takeover Regulations
Gandhar Oil Refinery (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board…
Disclosure under SEBI Takeover Regulations
Gandhar Oil Refinery (India) Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board…
Action(s) taken or orders passed
Gandhar Oil Refinery (India) Limited has informed the Exchange about Action(s) taken or orders passed pursuant to Regulation 30 read with Clause 20…
Copy of Newspaper Publication
Gandhar Oil Refinery (India) Limited has informed the Exchange about Copy of Newspaper Publication
Investor decks & rating reports.
Gandhar Oil Refinery (India) insider trading: promoter and management activity.
Promoter, director and designated-employee transactions in Gandhar Oil Refinery (India) as reported to SEBI — buying and selling signals from the people who know the business best.
Gandhar Oil Refinery (India) insider activity below tracks 7 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).
| Insider | Category | Txn Date | Action | Quantity | Value (₹) | Price |
|---|---|---|---|---|---|---|
| Gandhar Coals & Mines Private Limited | Insider | 20 Mar 2026 | buy | +50.0 K | ₹66.38 L | ₹132.75 |
| Gandhar Coals & Mines Private Limited | Insider | 20 Mar 2026 | buy | +50.0 K | ₹66.38 L | ₹132.75 |
| Gandhar Coals & Mines Private Limited | Insider | 20 Mar 2026 | buy | +50.0 K | ₹66.38 L | ₹132.75 |
| Gandhar Coals & Mines Private Limited | Insider | 20 Mar 2026 | buy | +50.0 K | ₹66.38 L | ₹132.75 |
| Gandhar Coals & Mines Private Limited | Insider | 20 Mar 2026 | buy | +50.0 K | ₹66.38 L | ₹132.75 |
| Ramesh Babulal Parekh | Insider | 20 Mar 2025 | buy | +1.24 L | ₹1.76 Cr | ₹141.69 |
| Ramesh Babulal Parekh and Mrs. Sunita Rameshkumar Parekh | Insider | 20 Mar 2025 | buy | +1.24 L | ₹1.76 Cr | ₹141.69 |
Gandhar Oil Refinery (India) dividend history, splits and bonus issues.
Every dividend, stock split and bonus issue Gandhar Oil Refinery (India) has declared, sequenced by announce and record date.
Gandhar Oil Refinery (India) corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.
About Gandhar Oil Refinery (India) Limited: business, sector, key facts.
What Gandhar Oil Refinery (India) Limited does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.
Gandhar Oil Refinery (India) Limited operates in the Oil Gas & Consumable Fuels, listed as NSE: GANDHAR, BSE: 544029.
Gandhar Oil Refinery (India) Limited
Gandhar Oil Refinery (India) Limited is primarily engaged in the manufacturing and sale of white oils, a key component across diverse sectors. Their primary focus lies in supplying the consumer and healthcare industries within India, providing white oils, waxes, and jellies tailored to their specific needs. This core business constitutes a significant portion of their overall operations and revenue streams.
Beyond their white oil production, Gandhar offers a broader range of petroleum-based products. This includes lubricants, catering to both automotive and industrial applications. Their lubricant portfolio encompasses automotive oils for vehicles and industrial oils designed for machinery and equipment across various industries. They also produce process and insulating oils, specifically transformer oils crucial for transformer manufacturers, power generation and distribution companies, and the tire and rubber production sector.
The company's activities extend beyond the direct manufacturing and sale of petroleum products. Gandhar is involved in the trading of non-coking coal, a significant raw material in many industrial processes. This diversification allows them to participate in various stages of the supply chain, potentially offering cost advantages and enhanced market reach. Furthermore, the company provides logistics services, facilitating the efficient transportation and handling of cargo, supporting both their own operations and potentially external clients.
In addition to their core manufacturing and trading activities, Gandhar engages in several ancillary business ventures. These include acting as a consignment and del-credere agent, indicating involvement in facilitating sales transactions and managing associated financial risks for other entities. They also participate in the sale of polymer products, adding another layer of diversification to their overall business model and contributing to revenue generation across multiple market segments.
Questions investors ask about Gandhar Oil Refinery (India) Limited (GANDHAR).
Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.
01What is the current share price of Gandhar Oil Refinery (India) Limited (GANDHAR)?
The current share price of Gandhar Oil Refinery (India) Limited (GANDHAR) is ₹180.85. Today, the stock has gained by ₹5.03 (2.86%), trading in a range of ₹176.1 to ₹185. The stock opened at ₹176.1 with a trading volume of 26,94,715 shares.
02Is Gandhar Oil Refinery (India) Limited stock a good investment for long-term?
Gandhar Oil Refinery (India) Limited can be considered for long-term investment based on several factors. The company has a market capitalization of ₹1,774.16 crores, P/E ratio of 8.32, ROE of 10.21%, and ROCE of 10.60%. The dividend yield stands at 0.68%. However, investment decisions should be based on your financial goals, risk appetite, and thorough research. It's recommended to consult with a SEBI-registered financial advisor before making investment decisions.
03What is the 52-week high and low price of Gandhar Oil Refinery (India) Limited stock?
The 52-week high price of Gandhar Oil Refinery (India) Limited (GANDHAR) is ₹184.5, while the 52-week low is ₹115. Currently trading at ₹180.85, the stock is 94.7% away from its 52-week low and 2.0% below its 52-week high. These levels help investors understand the stock's price volatility and trading range over the past year.
04Should I buy Gandhar Oil Refinery (India) Limited stock at the current price?
Whether to buy Gandhar Oil Refinery (India) Limited stock at ₹180.85 depends on multiple factors. The stock is currently trading with a P/E ratio of 8.32 and P/B ratio of 0.83. Today's performance shows a gain of 2.86%. Consider analyzing the company's fundamentals, technical indicators, industry trends, and your investment horizon. Compare these metrics with industry peers and consult a financial advisor for personalized advice.
05What is the dividend yield of Gandhar Oil Refinery (India) Limited and when is the next dividend?
Gandhar Oil Refinery (India) Limited offers a dividend yield of 0.68%, which means for every ₹100 invested at the current price of ₹180.85, you can expect to receive approximately ₹0.68 annually as dividends. The face value of the stock is ₹2.00. For information about the next dividend announcement and ex-dividend date, please check the company's official announcements or visit the BSE/NSE websites.
06What are the key financial ratios and metrics of Gandhar Oil Refinery (India) Limited?
Gandhar Oil Refinery (India) Limited's key financial metrics include: P/E Ratio: 8.32, P/B Ratio: 0.83, ROE: 10.21%, ROCE: 10.60%, Dividend Yield: 0.68%, EPS: ₹13.83, Book Value: ₹138.3, and Debt-to-Equity: 22.51. The company's market cap stands at ₹1,774.16 crores. These metrics help evaluate the company's valuation, profitability, and financial health.
07How is Gandhar Oil Refinery (India) Limited stock performing today in the market?
Gandhar Oil Refinery (India) Limited stock opened at ₹176.1 and is currently trading at ₹180.85, showing a gain of ₹5.03 (2.86%). The intraday high is ₹185 and low is ₹176.1. The trading volume stands at 26,94,715 shares, indicating strong market participation today.
08What is the P/E ratio of Gandhar Oil Refinery (India) Limited and what does it indicate?
Gandhar Oil Refinery (India) Limited has a Price-to-Earnings (P/E) ratio of 8.32, which means investors are willing to pay ₹8.32 for every ₹1 of earnings. With an EPS of ₹13.83, this P/E ratio suggests the stock may be undervalued or facing growth challenges. Compare this with industry peers and historical P/E ratios for better context.
The data, ratios and commentary about Gandhar Oil Refinery (India) Limited (GANDHAR) on this page are published for educational and informational purposes only and are not investment, legal or tax advice. StockeZee is not a SEBI-registered investment adviser, research analyst or portfolio manager, and no content here should be construed as a recommendation to buy, hold or sell any security. Live and historical market data may be delayed, revised by the exchanges, or contain errors; figures sourced from third-party feeds and corporate disclosures may not always be current. Past performance is not indicative of future results, and equity investments carry the risk of capital loss. Before acting on anything you read here, please consult a SEBI-registered financial advisor and read all scheme-related documents carefully.
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