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Gandhar Oil Refinery (India) Ltd

Gandhar Oil Refinery (India) Ltd

GANDHAR | 544029

206.12

+2.97 (1.46%)

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    Performance

    Historical price movement and trading activity

    Trading Data

    Today's High208
    Today's Low200.4
    Open200.4
    Previous Close206.12
    Volume791984
    Total Traded Value High162773022.74

    Overview

    Gandhar Oil Refinery (India) Limited was incorporated as a Private Company as Gandhar Oil Refinery (India) Private Limited' on October 7, 1992. Subsequently, the name of the Company changed to Sunoco Industries Private Limited' on March 16, 2004. Thereafter, it changed the status into a Public Company retaining the name as Gandhar Oil Refinery (India) Limited' on August 22, 2005. The Company is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. is amongst the most well diversified players in the speciality oils and lubricants sector with wide range of offerings catering to varied industries. The range of speciality oils and lubricants include liquid paraffin, industrial oil and greases, transformer oils, automotive lubricants, petroleum jelly and rubber processing oils which the company sells under its flagship brand 'Divyol' The Company's business is categorised into two key segments, (a) petroleum products segment includes manufacturing of speciality oils and lubricants products; and (b) non-coking coal and logistics support services segment includes procurement of non-coking coal from outside India for domestic customers and supplying them through its logistics support services. The Company currently operate 3 manufacturing facilities with a combined annual production capacity of 497,403 kL as of June 30, 2022. The manufacturing facilities also have modern research and development centres equipped with stabinger viscometer SVM 4001, automatic mini AV instrument, automatic mini AV instrument, spectrum two FT-IR spectrometers, crank case viscometer, TNTS (Total Nitrogen, Total Sulphur), HTHS tapered bearing simulator and oil insulation test kit BDV apparatus to offer customized formulations, while ensuring quality consistency for their products. Further, the research and development centre at Silvassa facility has been recognized as in-house R&D unit by the Department of Scientific and Industrial Research, Ministry of Science and Technology. The manufacturing facilities at Taloja and Silvassa is ISO 14001:2004 and ISO 9001:2008 certified for manufacture of certain of speciality oils and lubricants products, reflecting its commitment towards quality and sustainable environment. In addition, the Taloja facility is GMP certified for good manufacturing practices system for the manufacture of products including light and heavy liquid paraffin and white petroleum jelly and its Silvassa facility is OHSAS 18001:2007 certified in relation to occupational health and safety management systems for its products. The products are manufactured to maintain international quality and are approved by various authorities, including FDA (Government of Maharashtra and UT of Dadra and Nagar Haveli) for products including liquid paraffin and petroleum jelly and BIS for new insulating oils (commonly known as transformer oil). The products also undergo testing at various laboratories, including ERDA and CPRI. The Company commissioned an incremental capacity of 25,000 kL in October 2022. During the FY 2022, the Company sold the coal-trading business through a slump sale and divested its shareholding in Gandhar DMCC to GCMPL pursuant to a share purchase agreement dated March 30, 2022. The Company formed a joint venture agreement dated June 22, 2017 with ESPE Petrochemicals FZC (ESPE) for the establishment of Texol Lubritech FZC, a joint venture which became the Subsidiary of the Company effective from March 30, 2022. In November 2023, Company launched an Initial Public Offer of 29,626,732 Equity Shares of Rs 2/- each aggregating to Rs 500.6 Crore comprising a fresh issue of 17,869,822 equity shares amounting Rs 302 Crore and offer for sale of 11,756,910 equity shares amounting Rs 198.6 Crore. Gandhar Lifesciences Private Limited was incorporated on August 23, 2024 as wholly owned subsidiary of the Company in FY 2024-25. The Company established Texol Plant in Sharjah in 2025.

    Sector & Industry

    Refineries

    Listing Exchange

    National Stock Exchange (NSE)

    Bombay Stock Exchange (BSE)

    Fundamentals

    Financial strength and ownership structure

    Valuation & Ratios

    Market Capitalisation₹1,384.02
    Price to Book (PB)1.12
    Price to Earnings (PE)17.29
    Return on Equity (ROE)6.93%
    Earnings Per Share (EPS)8.53
    Dividend Yield0.35%

    Financial Performance

    1070.36
    1001
    1102.62
    939.24
    994.82
    935.09
    1005.29
    961.73
    902.96
    1059.91
    1167.06
    1093.37
    Jun
    '23
    Sep
    '23
    Dec
    '23
    Mar
    '24
    Jun
    '24
    Sep
    '24
    Dec
    '24
    Mar
    '25
    Jun
    '25
    Sep
    '25
    Dec
    '25
    Mar
    '26

    Shareholding Pattern

    65.01%
    65.01%
    66.18%
    66.47%
    Jun
    '25
    Sep
    '25
    Dec
    '25
    Mar
    '26

    Technicals

    Price-based indicators and levels

    Indicators

    INDICATORVALUESIGNAL
    Relative Strength Index (RSI)+76.29Overbought
    MACD+9.64Bullish

    Support and Resistance Levels

    R3226.22
    R2218.01
    R1210.58
    S1194.94
    S2186.73
    S3179.30

    Moving Averages

    PERIODSMAEMA
    20D Moving Average176.88181.52
    50D Moving Average162.76167.71
    200D Moving Average146.05154.81

    News

    Hot Pursuit

    Gandhar Oil Refinery climbs after Q4 PAT jumps over three-fold to Rs 41 cr

    27 May 2026

    Gandhar Oil Refinery (India) added 3.50% to Rs 168.19 after the company's consolidated net profit surged 248.59% to Rs 40.68 crore in Q4 FY26 from Rs 11.67 crore in Q4 FY25.

    Revenue from operations climbed 13.69% YoY to Rs 1093.37 crore in Q4 FY26. Profit before tax (PBT) surged 212.94% to Rs 52.48 crore in Q4 March 2026 compared with Rs 16.77 crore in Q4 March 2025. EBITDA stood at Rs 63.6 crore in Q4 FY26, registering the growth of 87.06% compared with Rs 34 crore posted in Q4 FY25. On full year basis, the company's consolidated net profit climbed 69.09% to Rs 135.37 crore in FY26 compared with Rs 80.06 crore in FY25. Revenue from operations rose 8.83% YoY to Rs 4241.18 crore in FY26. Consolidated manufacturing sales volumes for FY26 stood at 5,45,755 KL, up by 9% from 5,00,231 KL in FY25. Aslesh Parekh, joint managing director said, 'We delivered a strong close to FY26, supported by sustained momentum in domestic demand and a continued strategic focus on higher-margin PHPO products. This performance was achieved despite a challenging global environment characterized by macroeconomic pressures, ongoing logistical constraints, and volatility arising from the Middle East geopolitical situation, including the temporary closure of the Strait of Hormuz, which led to a sharp increase in oil prices. The PHPO segment continued to be the primary growth driver, contributing 48% of total revenue, driven by strong demand from the personal care and healthcare sectors. Looking ahead, the domestic demand environment remains encouraging. Additionally, the anticipated easing of international logistical constraints, along with stabilizing input costs, is expected to further support business momentum. ' Gandhar Oil Refinery (India) manufactures wide range of specialty oils and lubricants such as White oils, waxes, jellies, automotive oils, industrial oils, transformer oils and rubber processing oils. The company's products are sold under our flagship brand 'Divyol'. Powered by Capital Market - Live News

    Gandhar Oil Refinery Q3 PAT jumps 68% YoY to Rs 32 cr

    24 Jan 2026

    Gandhar Oil Refinery (India) reported 67.56% surge in consolidated net profit to Rs 32.39 crore on 16.09% fall in revenue from operations to Rs 1,167.06 crore in Q3 FY26 over Q3 FY25.

    Profit before tax climbed 67.93% to Rs 45.14 crore in Q3 FY26 as compared with Rs 26.88 crore posted in Q3 FY25. EBITDA stood at Rs 59.1 crore, registering growth of 42.06% as compared with Rs 41.6 crore recorded in previous quarter same fiscal. On a nine-month basis, the company's consolidated net profit soared 38.53% YoY to Rs 94.70 crore, while revenue increased 6.63% YoY to Rs 3,129.93 crore in 9M FY26 compared with 9M FY25. Aslesh Parekh, joint managing director said, 'We delivered a strong performance in Q3 FY26, supported by sustained domestic demand and our strategic focus on high-margin PHPO products. Despite global macroeconomic headwinds and logistical disruptions, we recorded sequential growth across all major financial indicators. Looking ahead, we remain optimistic about domestic demand and expect steady improvement in international logistics, further strengthening our confidence. Gandhar Oil Refinery India is a leading manufacturer of white oils by revenue with a growing focus on the consumer and healthcare end-industries. It is engaged in producing pharmaceutical, health care, and performance oil (PHPO), process insulating oil (PIO) and lubricants. The firm's products are sold under flagship brand 'Divyol'. The counter advanced 2.98% to Rs 163.90 on the BSE. Powered by Capital Market - Live News

    Corporate News

    Gandhar Oil Refinery India to discuss results

    21 May 2026

    On 26 May 2026

    Gandhar Oil Refinery India will hold a meeting of the Board of Directors of the Company on 26 May 2026.

    Board of Gandhar Oil Refinery (India) approves purchase of land

    23 Jan 2026

    At meeting held on 23 January 2026

    The board of Gandhar Oil Refinery (India) at its meeting held on 23 January 2026 has approved to purchase a land parcel admeasuring 453.55 decimals. adjoining to its present factory location. The said purchase is in line with the Company's long-term expansion strategy and is expected to strengthen/augment its operational capabilities. The board has also approved to sell its immovable property situated at Village Kailon, Tole Mojre Chappar Chiri Khurd, Chappar Chiri Kalan District Sahibzada Ajit Singh Nagar, Sector 116, Mohali, Punjab. Powered by Capital Market - Live News

    Board of Gandhar Oil Refinery India recommends interim dividend

    23 Jan 2026

    Of Rs 0.75 per share

    Gandhar Oil Refinery India announced that the Board of Directors of the Company at its meeting held on 23 January 2026, inter alia, have recommended the interim dividend of Rs 0.75 per equity Share (i.e. 37.5%) , subject to the approval of the shareholders. Powered by Capital Market - Live News

    Gandhar Oil Refinery India schedules board meeting

    17 Jan 2026

    On 23 January 2026

    Gandhar Oil Refinery India will hold a meeting of the Board of Directors of the Company on 23 January 2026. Powered by Capital Market - Live News

    Results - Announcements

    Gandhar Oil Refinery (India) consolidated net profit rises 248.59% in the March 2026 quarter

    27 May 2026

    Sales rise 13.69% to Rs 1093.37 crore

    Net profit of Gandhar Oil Refinery (India) rose 248.59% to Rs 40.68 crore in the quarter ended March 2026 as against Rs 11.67 crore during the previous quarter ended March 2025. Sales rose 13.69% to Rs 1093.37 crore in the quarter ended March 2026 as against Rs 961.73 crore during the previous quarter ended March 2025. For the full year,net profit rose 69.09% to Rs 135.37 crore in the year ended March 2026 as against Rs 80.06 crore during the previous year ended March 2025. Sales rose 8.83% to Rs 4241.18 crore in the year ended March 2026 as against Rs 3896.93 crore during the previous year ended March 2025. Particulars Quarter Ended Year Ended Mar. 2026 Mar. 2025 % Var. Mar. 2026 Mar. 2025 % Var. Sales 1093.37 961.73 14 4241.18 3896.93 9 OPM % 5.81 3.49 - 5.53 4.50 - PBDT 60.14 23.61 155 210.41 140.15 50 PBT 52.48 16.77 213 180.54 114.25 58 NP 40.68 11.67 249 135.37 80.06 69 Powered by Capital Market - Live News

    Gandhar Oil Refinery (India) consolidated net profit rises 67.56% in the December 2025 quarter

    24 Jan 2026

    Sales rise 16.09% to Rs 1167.06 crore

    Net profit of Gandhar Oil Refinery (India) rose 67.56% to Rs 32.39 crore in the quarter ended December 2025 as against Rs 19.33 crore during the previous quarter ended December 2024. Sales rose 16.09% to Rs 1167.06 crore in the quarter ended December 2025 as against Rs 1005.29 crore during the previous quarter ended December 2024. Particulars Quarter Ended Dec. 2025 Dec. 2024 % Var. Sales 1167.06 1005.29 16 OPM % 5.07 4.14 - PBDT 52.60 33.21 58 PBT 45.14 26.88 68 NP 32.39 19.33 68 Powered by Capital Market - Live News

    Market Beat

    Gandhar Oil Refinery (India) fixes record date for interim dividend

    23 Jan 2026

    Record date is 30 January 2026

    Gandhar Oil Refinery (India) has fixed 30 January 2026 as record date for payment of interim dividend for FY 2025-26. Powered by Capital Market - Live News

    Insider Activity

    Acquisitions

    Ramesh Babulal Parekh

    Promoter & Director

    Acquired 50000 shares worth ₹79,76,605

    Reported on 18 Jun 2026

    Mode: Market Purchase

    Ramesh Babulal Parekh

    Promoter & Director

    Acquired 25738 shares worth ₹40,88,705

    Reported on 11 Jun 2026

    Mode: Market Purchase

    Ramesh Babulal Parekh

    Promoter & Director

    Acquired 50000 shares worth ₹78,76,602

    Reported on 10 Jun 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 50000 shares worth ₹66,37,654

    Reported on 24 Mar 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 2590 shares worth ₹3,69,085

    Reported on 25 Feb 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 10000 shares worth ₹14,95,098

    Reported on 20 Feb 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 20000 shares worth ₹29,30,360

    Reported on 17 Feb 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 25000 shares worth ₹38,16,702

    Reported on 9 Feb 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 75 shares worth ₹10,914

    Reported on 5 Feb 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 40000 shares worth ₹60,06,853

    Reported on 3 Feb 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 140000 shares worth ₹2,16,18,326

    Reported on 2 Jan 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 53816 shares worth ₹80,37,610

    Reported on 1 Jan 2026

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 50552 shares worth ₹75,57,740

    Reported on 31 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 50000 shares worth ₹74,48,263

    Reported on 30 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 51842 shares worth ₹77,61,627

    Reported on 26 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 7882 shares worth ₹11,64,739

    Reported on 26 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 46278 shares worth ₹67,91,275

    Reported on 24 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 80000 shares worth ₹1,16,36,799

    Reported on 23 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 100000 shares worth ₹1,43,63,816

    Reported on 20 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 130807 shares worth ₹1,88,45,140

    Reported on 19 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 200000 shares worth ₹2,63,10,040

    Reported on 17 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 200000 shares worth ₹2,49,84,084

    Reported on 16 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited Revised

    Promoter Group

    Acquired 100000 shares worth ₹1,24,88,934

    Reported on 15 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 1062 shares worth ₹1,29,171

    Reported on 12 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 50000 shares worth ₹61,66,791

    Reported on 12 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 1062 shares worth ₹1,29,171

    Reported on 12 Dec 2025

    Mode: Market Purchase

    Gandhar Coals & Mines Private Limited

    Promoter Group

    Acquired 20000 shares worth ₹24,59,000

    Reported on 11 Dec 2025

    Mode: Market Purchase

    Ramesh Babulal Parekh Revised

    Promoter

    Acquired 123889 shares worth ₹1,75,53,671

    Reported on 25 Mar 2025

    Mode: Market Purchase

    Ramesh Babulal Parekh

    Promoter

    Acquired 123889 shares worth ₹1,75,53,671

    Reported on 21 Mar 2025

    Mode: Market Purchase