Gandhar Oil Refinery (India) Ltd

Gandhar Oil Refinery (India) Ltd

₹ 219 0.14%
10 May - close price
About

Incorporated in 1992, Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end industries.[1]

Key Points

Business Division
A) PHPO (personal care, healthcare, and performance oils)[1] - comprises white oils, waxes, and jellies. White oils are highly refined mineral oils that are pure, stable, colorless, odorless, non-toxic, and chemically inert and are used as an ingredient in various end-products. Petroleum jelly is a thick, waxy paste that many people use as a skin care product

  • Market Cap 2,144 Cr.
  • Current Price 219
  • High / Low 345 / 196
  • Stock P/E 12.6
  • Book Value 78.5
  • Dividend Yield 0.00 %
  • ROCE 41.0 %
  • ROE 27.4 %
  • Face Value 2.00

Pros

  • Company has delivered good profit growth of 27.8% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.8%

Cons

  • The company has delivered a poor sales growth of 4.34% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Refineries Industry: Refineries

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Jun 2023 Sep 2023 Dec 2023
794 698 690 737
741 638 637 666
Operating Profit 53 60 53 71
OPM % 7% 9% 8% 10%
17 4 2 2
Interest 16 9 11 11
Depreciation 3 4 4 4
Profit before tax 52 51 41 58
Tax % 25% 25% 25% 25%
39 39 30 44
EPS in Rs 4.82 4.82 3.81 4.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
2,363 3,027 2,366 1,984 2,925 2,922
2,242 2,966 2,304 1,873 2,696 2,668
Operating Profit 121 61 62 111 229 255
OPM % 5% 2% 3% 6% 8% 9%
6 20 16 7 66 24
Interest 44 44 47 35 24 39
Depreciation 9 7 11 12 12 13
Profit before tax 74 29 21 71 258 227
Tax % 33% 25% 13% 28% 24% 25%
50 22 18 51 197 170
EPS in Rs 31.14 13.79 11.14 32.08 24.58 21.19
Dividend Payout % 6% 0% 40% 3% 0% 2%
Compounded Sales Growth
10 Years: %
5 Years: 4%
3 Years: 7%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 113%
TTM: -12%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 22%
3 Years: 29%
Last Year: 27%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 16 16 16 16 16 16
Reserves 304 306 316 367 518 688 753
283 86 118 79 43 16 96
616 713 503 546 515 451 569
Total Liabilities 1,219 1,121 953 1,008 1,092 1,171 1,433
96 98 114 105 101 126 130
CWIP 0 5 12 22 43 73 88
Investments 8 7 2 2 2 2 2
1,115 1,011 824 879 945 970 1,213
Total Assets 1,219 1,121 953 1,008 1,092 1,171 1,433

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
190 153 22 102 117 52
-6 20 3 -6 27 -40
-187 -175 -25 -91 -115 -48
Net Cash Flow -3 -1 0 5 30 -36

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 82 62 64 87 52 58
Inventory Days 51 34 32 43 37 40
Days Payable 100 91 82 110 68 55
Cash Conversion Cycle 33 5 15 20 22 43
Working Capital Days 47 23 35 41 34 54
ROCE % 18% 16% 23% 53% 41%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024
64.63% 64.63% 64.63%
3.87% 2.53% 0.53%
10.72% 6.61% 3.47%
20.79% 26.24% 31.37%
No. of Shareholders 1,22,4631,82,5321,80,727

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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