



Oil & Gas | Small Cap
Gandhar Oil Refinery demonstrates a mixed financial performance. The company shows robust solvency and profitability, indicating a strong foundation. Liquidity is reasonably managed, ensuring short-term obligations can be met. However, efficiency metrics suggest challenges in maximizing asset utilization, and growth indicators reveal inconsistencies. While revenue and asset growth are positive, declines in operating profit and EPS raise concerns about long-term sustainability. The company's coverage ratios are generally strong, reflecting its ability to meet interest and dividend obligations. Overall, Gandhar Oil Refinery exhibits financial stability but needs to address efficiency and growth-related issues to enhance its financial health.
Gandhar Oil Refinery demonstrates a mixed financial performance. The company shows robust solvency and profitability, indicating a strong foundation. Liquidity is reasonably managed, ensuring short-term obligations can be met. However, efficiency metrics suggest challenges in maximizing asset utilization, and growth indicators reveal inconsistencies. While revenue and asset growth are positive, declines in operating profit and EPS raise concerns about long-term sustainability. The company's coverage ratios are generally strong, reflecting its ability to meet interest and dividend obligations. Overall, Gandhar Oil Refinery exhibits financial stability but needs to address efficiency and growth-related issues to enhance its financial health.
Overall Valuation Score
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Last Traded Time
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P/E RATIO (TTM)
18.51
Industry Median
17.27
Small Cap Median
24.01
P/E RATIO
18.93
P/B RATIO
1.90
Industry Median
1.98
Small Cap Median
2.51
P/S RATIO
0.60
Industry Median
0.96
Small Cap Median
0.96
Others
PEG RATIO
2.91
EV/EBITDA RATIO
10.34
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹261.8 as on Sep 1, 2026.
The growth ratios show a mixed performance. While revenue, asset, and net income growth are strong, indicating positive momentum, operating profit and EPS growth are weak. This suggests that while the company is expanding, profitability is not keeping pace, raising concerns about the sustainability of growth. This mixed performance reflects both opportunities and challenges for the company.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 59.52 | 15.13 | 0.83 | -5.25 | 8.83 |
| Operating Profit Growth Rate | 76.43 | 28.34 | -11.67 | -37.14 | 32.95 |
| Earnings Per Share (EPS) Growth | -70.62 | 29.53 | -39.82 | -43.04 | 69.07 |
| Asset Growth Rate | 19.71 | 23.82 | 18.87 | 0.98 | 13.58 |
| Net Income Growth Rate | 64 | 30.49 | -22.9 | -49.7 | 65.06 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Gandhar Oil Refinery (India) Ltd | 7.75 | 18.93 | Neutral | 234.00 | 14.14 | 137.00 |
| 2 | Panama Petrochem Ltd | 6.43 | 13.86 | Neutral | 276.00 | 23.69 | 212.00 |
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Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Hour Timeframe
Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
Concall Report⬤3rd Feb 26
Q3 and nine months FY26 Earnings Conference Call
BULLISH SENTIMENT
Quarterly Report⬤23rd Jan 26
Quarterly Financial Results Q3 FY 2025-26
BULLISH SENTIMENT
No Stock News Available at This Moment.
Gandhar Oil Refinery (India) Ltd is a leading manufacturer of white oils (pharmaceutical, cosmetic, personal care grades) and specialty lubricants (automotive, industrial, and process oils). The company holds a significant global market share in white oils and is a prominent player in India's specialty oils sector, serving diverse industries.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Gandhar Oil Refinery (India) Ltd's P/E ratio (TTM) is 18.51, compared to the industry median of 17.27 and large cap median of 24.01.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Gandhar Oil Refinery (India) Ltd's P/B ratio is 1.90, compared to the industry median of 1.98 and large cap median of 2.51.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Gandhar Oil Refinery (India) Ltd's P/S ratio is 0.60, compared to the industry median of 0.96 and large cap median of 0.96.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Gandhar Oil Refinery (India) Ltd's PEG ratio is 2.91.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Gandhar Oil Refinery (India) Ltd's EV/EBITDA ratio is 10.34.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Gandhar Oil Refinery (India) Ltd's ROE is 10.13%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Gandhar Oil Refinery (India) Ltd's ROA is 10.52%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Gandhar Oil Refinery (India) Ltd's ROCE is 13%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Gandhar Oil Refinery (India) Ltd's operating margin is 5.52%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Gandhar Oil Refinery (India) Ltd's net margin is 3.23%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Gandhar Oil Refinery (India) Ltd's current ratio is 2.44.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Gandhar Oil Refinery (India) Ltd's debt-to-equity ratio is 0.14.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Gandhar Oil Refinery (India) Ltd's interest coverage ratio is 5.76.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Gandhar Oil Refinery (India) Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Gandhar Oil Refinery (India) Ltd's EPS is 69.07.
(Source line: "Ratios as of 24 Oct 2026, based on last traded price of ₹261.80. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 1993
Headquarters: Mumbai, Maharashtra
Core Offerings: White Oils (Pharma & Cosmetic Grade), Industrial Lubricants, Automotive Lubricants, Process Oils
Stock Listing: NSE (GANDHAR), BSE (544029)
Promoter: Ramesh B. Parekh & family
Gandhar Oil Refinery (India) Ltd was incorporated in 1993. The company steadily grew its manufacturing capabilities and product portfolio, initially focusing on white oils and later expanding into a comprehensive range of specialty lubricants and process oils. It established a strong market presence both domestically and internationally, culminating in a successful Initial Public Offering (IPO) in November 2023.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Pharma, Health, Personal Care (PHPC) Oils | Approx. 40-45% | Operating Profit |
| Lubricants (Automotive & Industrial) | Approx. 25-30% | Operating Profit |
| Process & Other Oils | Approx. 25-30% | Operating Profit |
Pharma, Health, Personal Care (PHPC) Oils: Manufactures high-quality white oils, including liquid paraffin and petroleum jellies, catering to pharmaceutical, cosmetic, and personal care industries, meeting stringent global standards.
Lubricants: Produces a wide range of automotive and industrial lubricants, including engine oils, gear oils, hydraulic oils, and greases, serving both B2B and B2C segments under brands like 'Divyol'.
Process & Other Oils: Offers various process oils used in rubber, tyre, textile, and ink manufacturing, along with other industrial specialty oils crucial for diverse manufacturing processes.
Mr. Ramesh B. Parekh (Chairman & Managing Director): Founder of Gandhar Oil, he is an experienced entrepreneur with over three decades of expertise in the specialty oils and lubricants industry.
Gandhar Oil Singapore Pte. Ltd. (Singapore)
Texol Lubritech FZC (UAE)
Gandhar Oil South Africa Pty. Ltd. (South Africa)
Initial Public Offering (IPO) in November 2023.
The Gandhar Oil Refinery (India) Ltd share price today is ₹261.80 on NSE (GANDHAR), as of 24 Oct 2026.
As of 24 Oct 2026, Gandhar Oil Refinery (India) Ltd share price is ₹261.80, with previous close ₹261.80. Today's range is ₹261.80 to ₹261.80. The 52-week range is ₹N/A to ₹N/A.
As of today, Gandhar Oil Refinery (India) Ltd's market cap is ₹2,528.99 crore (Small Cap).
Gandhar Oil Refinery (India) Ltd's current P/E ratio is 18.51, compared to the OIL & GAS sector average of 30.
Gandhar Oil Refinery (India) Ltd's current P/B ratio is 1.90.
Gandhar Oil Refinery (India) Ltd's current dividend yield is N/A. Last dividend of ₹1.00 per share was declared on 26-Aug-2024.
Gandhar Oil Refinery (India) Ltd's EPS (TTM) is ₹69.07.
Gandhar Oil Refinery (India) Ltd is a leading manufacturer of white oils (pharmaceutical, cosmetic, personal care grades) and specialty lubricants (automotive, industrial, and process oils). The company holds a significant global market share in white oils and is a prominent player in India's specialty oils sector, serving diverse industries.
Gandhar Oil Refinery (India) Ltd is promoted by Ramesh B. Parekh & family, holding 66.47% as of 24 Oct 2026.
Gandhar Oil Refinery (India) Ltd is listed on NSE (GANDHAR) and BSE (544029). Its next quarterly results are expected on August 2024.