Market statusData NSENot investment advice
GANDHAR OIL REFINE IND L

GANDHAR OIL REFINE IND L Latest Share Price (GANDHAR)

TechnicalsTV Chart
272.70
1.40+0.52%
Overall Score55/100
Day range267
₹272.70
275
52-week115
₹272.70
303
Above low+137.1%
Below high10.1%
Range position84%
Open271.30
Prev Close271.30
Bid272.68299
Ask272.72187

TODAY IN ONE LINE

GANDHAR edged up 0.5% on light volume, in line with Nifty's -0.3% move.

With a market cap of ₹2,669.17 Cr., it trades at a P/E of 8.86. Track live valuations, technical indicators, and peers comparison below. Check delivery conviction and recent filings to build your view.

Volume748.3K26%vs 20D avg
Price Band20
Lower Band217.05
Upper Band325.55
Tick Size0.05
Daily Volatility2.95%
Annualised Vol56.36%
Market Cap₹2,669.17 Cr.
Promoter66.6%
Face Value₹2
Fwd P/E
PEG
EV/EBITDA6.62
P/S0.53
ROA6.11%
Beta0.92
Div Payout9.03%
THE STOCK SCORE
Overall Score55/100
Updated 14 Sept

How good is this company?

Overall performance across 5 key dimensions.

Each card tappable → shows formula + inputs
FLAGS & NEWS

GANDHAR OIL REFINE IND L flags & news 

Key strengths, potential risks, and recent updates.

8 green flags🚩 3 red flags

Green Flags

  • Earnings GrowthEPS (TTM) grew by a solid 268.0% YoY
  • Reasonable ValuationTrading at a moderate P/E of 13.4x
  • High Promoter HoldingPromoters hold 66.6% skin-in-the-game
  • Steady Dividend YieldReliable 1.01% dividend yield
  • Virtually Debt-FreeVery low Debt-to-Equity of 0.12x
  • FII AccumulationFII holding increased by 1.14% QoQ
  • Promoter BuyingPromoters increased holdings by 0.13% QoQ
  • Zero Pledge RiskNo recent active promoter pledging found

Red Flags

  • Sales ContractionQuarterly sales dropped 8.1% YoY
  • Poor Capital ReturnsLow ROE of 9.8%
  • Rising Receivables vs SalesReceivables grew 41.4% outpacing sales growth of -5.3%

Latest GANDHAR OIL REFINE IND L News

THE CHANGELOG

What changed recently?

Recent events, corporate actions, and announcements.

11 SEPT 2026
corporate
Shareholders meeting - Gandhar Oil Refinery (India) Limited has submitted the Exchange a copy Srutinizers report of Annual...
View PDF
11 SEPT 2026
corporate
Shareholders meeting - Gandhar Oil Refinery (India) Limited has informed the Exchange regarding Proceedings of Annual Gener...
View PDF
🔒Prime: full history + alerts on this stock
Valuation

GANDHAR OIL REFINE IND L valuation: P/E, P/B and sector benchmarks.

Twelve years of multiples investors have paid for GANDHAR OIL REFINE IND L, framed against the sector median so the premium or discount is obvious at a glance.

GANDHAR OIL REFINE IND L trades at a P/E of 8.86× and P/B of 1.97×.

Key MetricsMarket + reported · 11 Sept 2026Consolidated

Market-priced ratios use the latest available quote; accounting metrics use the latest reported filing. Compare values with matched peers and the company's own history.

Valuation

Valuation

Market Cap
₹2,669.17 Cr.
P/E Ratio
8.86
P/B Ratio
1.97
EPS
₹18.27
Profitability

Profitability

ROE
9.81%
ROCE
10.76%
Net Margin
3.2%
Op Margin
5.14%
Growth

Growth

EPS YoY
268%
Revenue YoY
13.7%
Qtr Sales
-8.13%
Qtr Profit
-13.15%
Financial Health

Financial Health

Debt / Equity
0.12
Book Value
₹142.99
Div Yield
1.01%
Promoter Holding
66.6%
Technicals

GANDHAR OIL REFINE IND L technical analysis: indicators, pivots and CPR.

Latest RSI, MACD and moving-average signals plus the latest pivot and Central Pivot Range levels for GANDHAR OIL REFINE IND L — derived from the latest tape, not yesterday's close.

GANDHAR OIL REFINE IND L last traded at ₹272.7 with an intraday range of ₹266.55–₹274.95 — latest indicator, pivot and CPR signals below.

Last updated: 14 September 2026, 4:08 pm IST

Pivot points

Standard pivot — most widely referenced.

Pivot levels · Classic

Last: ₹272.70
LevelPrice (₹)Distance% Δ
R4293.05+20.35+7.46%
R3284.65+11.95+4.38%
R2279.80+7.10+2.60%
R1276.25+3.55+1.30%
PIVOT271.40-1.30-0.48%
CURRENT272.70
S1267.85-4.85-1.78%
S2263.00-9.70-3.56%
S3259.45-13.25-4.86%
S4251.05-21.65-7.94%
CPR Levels
Support
Resistance
S4
S3
S2
S1
| CPR |
BC: 270.75P: 271.40TC: 272.05
R1
R2
R3
R4
indicator
LTP: 272.70
PDH: 278.00
PDL: 269.00
● Market Sentiment

GANDHAR is trading Above CPR, indicating Bullishness

● CPR Width

CPR is Average

● Opening Range

Day's range: 266.55272

● Price Position

Trading Inside opening range

Financials

GANDHAR OIL REFINE IND L financials: P&L, balance sheet, cash flow, ratios.

Reported annual and quarterly results for GANDHAR OIL REFINE IND L — consolidated or standalone — with margins, YoY growth and key ratios inline.

GANDHAR OIL REFINE IND L reports its full P&L, balance sheet, cash flow and ratios on this page — current market capitalisation of ₹2,669.17 Cr. and reported EPS of ₹18.27.

iTap any row for a plain-English meaningChange vs a year ago — green means the move is healthy for that line, red means it isn’tDerivedCalculated by us, not reported directly
Mobile view
Latest vs previous year
MetricMar 2025Mar 2026
Revenue from Operations3,897
4,241
8.8%
Sales Growth YoY %Derived-5.26%
8.83%
Other Income13
13
3.2%
Total Income3,910
4,255
8.8%
3,470
3,754
8.2%
Gross ProfitDerived427
487
14.0%
Gross Margin %Derived10.96%
11.49%
251
253
0.5%
EBITDA (Operating Profit)Derived176
234
33.5%
OPM %Derived4.51%
5.53%
74
67
9.2%
Profit Before Tax (PBT)114
180
57.8%
31
43
40.8%
Effective Tax %Derived26.88%
23.99%
Total Profit for Period83
137
64.4%
Less: Non-controlling Interests3
2
45.7%
Net Profit (Owner's PAT)Derived80
135
69.1%
Net Profit Margin %Derived2.05%
3.19%
PAT Growth YoY %Derived-43.05%
69.14%
Earnings Per Share (EPS ₹)8.18
13.83
69.1%
Diluted Shares Outstanding (Cr)10
10
0.0%
Share of Profit from Associates/JVs-0
0
196.5%
Other Comprehensive Income (Net of Tax)-4
-14
224.0%
Total Expenses (incl. D&A & Interest)3,796
4,074
7.3%
Material Cost % of RevenueDerived87.85%
87.70%
Employee Cost % of RevenueDerived1.36%
1.40%
Other Cost % of RevenueDerived5.09%
4.55%
Interest Coverage (x)Derived3.09x
5.44x
all values in ₹ Cr unless marked % / x / ₹ · fiscal-period end shown · reported figures via Stockezee financials API · annual results may be audited; quarterly results may be unaudited or limited-review
Segment Analysis

GANDHAR OIL REFINE IND L segment analysis : revenue and profit mix.

Disclosed business segments at GANDHAR OIL REFINE IND L with their share of revenue and profit, switchable between consolidated and standalone reporting.

GANDHAR OIL REFINE IND L discloses revenue and profit across multiple business segments — toggle between consolidated and standalone views to see the mix.

Segment-wise Financial Analysis

Thesis

The Bull, Bear, and Flip case for GANDHAR OIL REFINE IND L.

Our AI distills the core fundamental drivers supporting GANDHAR OIL REFINE IND L, the risks that threaten it, and the quantitative conditions that could weaken the thesis.

GANDHAR OIL REFINE IND L's investment case rests on 10 positive markers and 10 flagged concerns drawn from the latest reported filings.

bull case

What you're getting.

  • Stable promoter holding of 66.47% demonstrates strong founder commitment and governance alignment

  • Exceptionally low debt-to-equity ratio of 0.0012x provides exceptional financial flexibility and minimal leverage risk

  • Latest quarterly EPS grew 248.5% YoY despite revenue headwinds, showing earnings recovery momentum

  • Attractive P/E of 12.71x TTM trades below sector peers, offering valuation discount opportunity

  • Operating margin of 4.82% TTM indicates profitability within specialty oils sector context

bear case

Key Risks.

  • Latest quarterly revenue declined 9.23% YoY, signaling demand weakness in core markets

  • Latest quarterly profit fell 14.90% YoY, indicating earnings volatility and margin pressure

  • Operating cash flow negative ₹5.72 Cr in FY25, raising liquidity and cash conversion concerns

  • Dividend yield of 1.21% remains low, limiting appeal for income-focused investors

  • FII holdings collapsed from 3.87% to 0.17%, signaling sharp foreign investor exit and confidence loss

flip conditions

Flip Conditions.

  • Valuation risk. a P/E above 12 would leave less room for earnings disappointment.

  • Reassess if quarterly profit growth turns negative for two consecutive quarters. The bull case relies on compounding earnings.

  • Watch interest coverage if debt-to-equity climbs above 1.00. Balance sheet risk re-prices growth multiples fast.

  • Return-quality risk. ROE below 8% would indicate weaker capital compounding.

Shareholding

GANDHAR OIL REFINE IND L shareholding pattern: promoters, FII, DII and public.

Quarter-on-quarter ownership shifts in GANDHAR OIL REFINE IND L — who is buying, who is exiting, and which institutions hold the largest positions.

Shareholding Pattern

AnnualJun 2026

DII1.02%0.93%
Promoters66.60%0.13%
Public31.10%2.20%
FII1.28%1.14%

Ownership Distribution

Domestic Institutions
1.02%
Promoters
66.60%
Retail & Public
31.10%
Foreign Institutions
1.28%

Category Trends

Foreign Institutions Breakdown
Total Holding: 1.28%
Net Change: +1.14%
Category Total1.28%
Total Holding1.28%
Net Change+1.14%
Aggregate Data
Institution Name
Trend (Last 6)
Holding %
QoQ Change
YoY ChangePeriod

Foreign Institutions: 1.28%

Individual institutional breakdown is not disclosed by the company, but aggregate holding data is shown above.

💡 This category has 1.28% total holding without detailed institution-wise disclosure
Peers

GANDHAR OIL REFINE IND L peer comparison — same-sector benchmarks.

Same-sector listed peers ranked on P/E, market cap, dividend yield and growth — GANDHAR OIL REFINE IND L is highlighted for quick read-across.

Quick Compare

Largest by Market Cap
CASTROL INDIA
₹18,625.17 Cr
Best Profit Growth
CASTROL INDIA
43.57 %
Highest Dividend Yield
GULF OIL LUB. IND.
7.45 %
09 · Chart Patterns

GANDHAR OIL REFINE IND L chart patterns: breakouts, tops and bottoms.

Auto-detected classical chart patterns for GANDHAR OIL REFINE IND L — Double Top/Bottom, Head & Shoulders, Triple Bottom and more — with break levels, targets and quality scores across Intraday, Daily and Weekly timeframes.

Delivery Conviction

GANDHAR OIL REFINE IND L delivery volume — last 20 sessions of conviction.

Daily traded volume and delivery percentage for GANDHAR OIL REFINE IND L over 20 sessions — the gap between intraday flipping and genuine accumulation.

Latest session delivery in GANDHAR OIL REFINE IND L stood at 46.9% of traded volume, against a 20-day average of 44.7%.

Avg Delivery (20D)44.7%+2.2 ppt latest vs avg
Highest Delivery53.6%on 27 Aug
Avg Volume (20D)10.07 L20-day run-rate
Conviction Trend↓ Weakening+2.2 ppt latest read
Volume & Delivery · last 20 sessions
Exchange Filings & Investor Updates

GANDHAR OIL REFINE IND L announcements: results, concalls, ratings, M&A.

Filings GANDHAR OIL REFINE IND L sent to the exchanges, sequenced as they hit the tape — concall transcripts, results, credit ratings and presentations.

GANDHAR OIL REFINE IND L files concall transcripts, results, credit ratings and corporate-action notices on the NSE and BSE exchange portals — latest 110 documents below.

  1. 11 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    Gandhar Oil Refinery (India) Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 11, 2026.…

  2. 11 Sept 2026Shareholders meetingView PDF

    Shareholders meeting

    Gandhar Oil Refinery (India) Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 11, 2026

  3. 04 Sept 2026AgreementsView PDF

    Agreements

    Gandhar Oil Refinery (India) Limited has informed the Exchange that in continuation to intimation 26th May, 2026, 13th August, 2026 and pursuant to…

  4. 01 Sept 2026Analysts/Institutional Investor Meet/Con. Call UpdatesView PDF

    Analysts/Institutional Investor Meet/Con. Call Updates

    Gandhar Oil Refinery (India) Limited has informed the Exchange about Schedule of meet

  5. 01 Sept 2026Credit Rating- OthersView PDF

    Credit Rating- Others

    Gandhar Oil Refinery (India) Limited has informed the Exchange that pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI…

Corporate Actions

GANDHAR OIL REFINE IND L dividend history, splits and bonus issues.

Every dividend, stock split and bonus issue GANDHAR OIL REFINE IND L has declared, sequenced by announce and record date.

GANDHAR OIL REFINE IND L corporate-action history below covers all declared dividends, stock splits and bonus issues recorded with NSE and BSE.

Insider Activity

GANDHAR OIL REFINE IND L insider trading: promoter and management activity.

Promoter, director and designated-employee transactions in GANDHAR OIL REFINE IND L as reported to SEBI — buying and selling signals from the people who know the business best.

GANDHAR OIL REFINE IND L insider activity below tracks 7 reported promoter, director and designated-employee transactions under SEBI Regulation 7(2).

InsiderCategoryTxn DateActionQuantityValue (₹)Price
Gandhar Coals & Mines Private LimitedInsider20 Mar 2026buy+50.0 K₹66.38 L₹132.75
Gandhar Coals & Mines Private LimitedInsider20 Mar 2026buy+50.0 K₹66.38 L₹132.75
Gandhar Coals & Mines Private LimitedInsider20 Mar 2026buy+50.0 K₹66.38 L₹132.75
Gandhar Coals & Mines Private LimitedInsider20 Mar 2026buy+50.0 K₹66.38 L₹132.75
Gandhar Coals & Mines Private LimitedInsider20 Mar 2026buy+50.0 K₹66.38 L₹132.75
Ramesh Babulal ParekhInsider20 Mar 2025buy+1.24 L₹1.76 Cr.₹141.69
Ramesh Babulal Parekh and Mrs. Sunita Rameshkumar ParekhInsider20 Mar 2025buy+1.24 L₹1.76 Cr.₹141.69
About the Company

About GANDHAR OIL REFINE IND L: business, sector, key facts.

What GANDHAR OIL REFINE IND L does, where it operates, the people running it, and the numbers that describe the entity behind the ticker.

GANDHAR OIL REFINE IND L operates in the Lubricants industry under the Oil Gas & Consumable Fuels sector, listed as NSE: GANDHAR, BSE: 544029.

GANDHAR
Oil Gas & Consumable Fuels

GANDHAR OIL REFINE IND L

NSE · GANDHAR·BSE · 544029·www.gandharoil.com

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.

company facts
Employees
SectorOil Gas & Consumable Fuels
HeadquartersMumbai, India
Market Cap₹2,669.17 Cr.
Listed OnNSE
leadership26 on record
Mr. Aslesh Parekh
Joint Managing Director
Mr. Aslesh Ramesh Parekh
Joint MD & Whole-Time Director
Mr. Atul Shah
Senior Vice President of Sales and Marketing
Mr. Atul Shah
Senior Vice President – Sales & Marketing
Mr. Dipakbhai Babulal Mewada
General Manager of R&D/ Operation
Mr. Dipakbhai Mewada
General Manager R and D/ Operation (CPD)
Mr. Indrajit Bhattacharyya
Chief Financial Officer
Mr. Indrajit Bhattacharyya
Chief Financial Officer
Mr. Jatin Dhamani
Additional Whole Time Director
Mr. Rajiv Jitendra Parekh
President of Accounts & Finance
Mr. Raj Singh
Non-Executive Independent Director
Mr. Ramesh Babulal Parekh
Chairperson & MD
§ ∞ · Plainly Answered

Questions investors ask about GANDHAR OIL REFINE IND L (GANDHAR).

Quick answers grounded in this page's data — price action, fundamentals, ratios and ownership.

01What is the current share price of GANDHAR OIL REFINE IND L (GANDHAR)?

The current share price of GANDHAR OIL REFINE IND L (GANDHAR) is ₹272.70. Today, the stock has gained by ₹1.40 (0.52%), trading in a range of ₹266.55 to ₹274.95. The stock opened at ₹271.30 with a trading volume of 7,48,277 shares.

02Is GANDHAR OIL REFINE IND L stock a good investment for long-term?

GANDHAR OIL REFINE IND L can be considered for long-term investment based on several factors. The company has a market capitalization of ₹2,669.17 Cr., P/E ratio of 8.86, ROE of 9.81%, and ROCE of 10.76%. The dividend yield stands at 1.01%. 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 REFINE IND L stock?

The 52-week high price of GANDHAR OIL REFINE IND L (GANDHAR) is ₹303.17, while the 52-week low is ₹115.00. Currently trading at ₹272.70, the stock is 137.13% above its 52-week low and 10.05% 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 REFINE IND L stock at the current price?

Whether to buy GANDHAR OIL REFINE IND L stock at ₹272.70 depends on multiple factors. The stock is currently trading with a P/E ratio of 8.86 and P/B ratio of 1.97. Today's performance shows a gain of 0.52%. 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 REFINE IND L and when is the next dividend?

GANDHAR OIL REFINE IND L offers a dividend yield of 1.01%, which means for every ₹100 invested at the current price of ₹272.70, you can expect to receive approximately ₹1.01 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 REFINE IND L?

GANDHAR OIL REFINE IND L's key financial metrics include: P/E Ratio: 8.86, P/B Ratio: 1.97, ROE: 9.81%, ROCE: 10.76%, Dividend Yield: 1.01%, EPS: ₹18.27, Book Value: ₹142.99, and Debt-to-Equity: 0.12. The company's market cap stands at ₹2,669.17 Cr.. These metrics help evaluate the company's valuation, profitability, and financial health.

07How is GANDHAR OIL REFINE IND L stock performing today in the market?

GANDHAR OIL REFINE IND L stock opened at ₹271.30 and is currently trading at ₹272.70, showing a gain of ₹1.40 (0.52%). The intraday high is ₹274.95 and low is ₹266.55. The trading volume stands at 7,48,277 shares, indicating moderate market participation today.

08What is the P/E ratio of GANDHAR OIL REFINE IND L and what does it indicate?

GANDHAR OIL REFINE IND L has a Price-to-Earnings (P/E) ratio of 8.86, which means investors are willing to pay 8.86 for every ₹1 of earnings. With an EPS of ₹18.27, 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.

Disclaimer

The data, ratios and commentary about GANDHAR OIL REFINE IND L (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.