Gandhar Oil Refinery (India) Ltd

Gandhar Oil Refinery (India) Ltd

₹ 220 -0.41%
26 Apr - 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 2,155 Cr.
  • Current Price 220
  • High / Low 345 / 196
  • Stock P/E 11.3
  • Book Value 83.8
  • Dividend Yield 0.00 %
  • ROCE 37.3 %
  • ROE 30.0 %
  • Face Value 2.00

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.5%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
884 1,098 1,070 1,001 1,103
789 1,028 986 925 1,018
Operating Profit 95 70 84 76 85
OPM % 11% 6% 8% 8% 8%
2 16 1 2 2
Interest 10 19 13 15 16
Depreciation 4 4 5 5 5
Profit before tax 83 63 67 58 66
Tax % 21% 21% 19% 18% 23%
65 49 54 48 51
EPS in Rs 8.13 5.42 5.59 4.91 4.83
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,756 2,169 3,568 2,504 2,221 3,543 4,079
1,680 2,042 3,496 2,444 2,081 3,296 3,762
Operating Profit 76 127 72 60 140 247 317
OPM % 4% 6% 2% 2% 6% 7% 8%
10 13 11 13 29 26 22
Interest 47 31 48 50 37 33 52
Depreciation 8 9 8 11 11 15 17
Profit before tax 31 100 27 13 120 225 271
Tax % 16% 26% 30% 24% 17% 27% 21%
26 74 19 10 100 164 213
EPS in Rs 162.19 46.43 11.71 6.16 62.70 18.42 23.76
Dividend Payout % 1,778% 0% 85% 73% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 18%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 168%
TTM: 32%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: 29%
Last Year: 30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 16 16 16 16 16 16 16
Reserves 212 285 368 330 429 525 709 805
272 326 116 146 90 191 220 391
374 481 771 516 566 586 668 829
Total Liabilities 875 1,108 1,271 1,008 1,101 1,318 1,613 2,040
74 78 99 97 88 190 220 239
CWIP 2 4 5 12 22 44 73 89
Investments 0 0 1 0 7 0 0 0
798 1,025 1,166 899 984 1,084 1,321 1,712
Total Assets 875 1,108 1,271 1,008 1,101 1,318 1,613 2,040

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
214 -26 165 70 118 167 104
-10 -8 1 -24 -22 -116 -73
-221 24 -176 -45 -91 -4 -44
Net Cash Flow -16 -10 -11 2 5 47 -13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 90 95 63 64 84 46 50
Inventory Days 54 51 30 32 38 40 47
Days Payable 84 81 84 82 101 63 59
Cash Conversion Cycle 60 65 9 14 22 22 38
Working Capital Days 70 75 28 41 48 32 46
ROCE % 23% 13% 31% 39% 37%

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.

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