Gandhar Oil Refinery (India) Ltd
Incorporated in 1992, Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end industries.[1]
- Market Cap ₹ 1,612 Cr.
- Current Price ₹ 165
- High / Low ₹ 253 / 128
- Stock P/E 20.8
- Book Value ₹ 123
- Dividend Yield 0.30 %
- ROCE 21.6 %
- ROE 14.7 %
- Face Value ₹ 2.00
Pros
Cons
- Company's cost of borrowing seems high
- Working capital days have increased from 51.0 days to 74.2 days
* 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
1,756 | 2,169 | 3,568 | 2,504 | 2,221 | 3,543 | 4,079 | 4,113 | 3,874 | |
1,680 | 2,042 | 3,496 | 2,444 | 2,081 | 3,296 | 3,762 | 3,833 | 3,699 | |
Operating Profit | 76 | 127 | 72 | 60 | 140 | 247 | 317 | 280 | 176 |
OPM % | 4% | 6% | 2% | 2% | 6% | 7% | 8% | 7% | 5% |
10 | 13 | 11 | 13 | 29 | 26 | 24 | 10 | 14 | |
Interest | 47 | 31 | 48 | 50 | 37 | 33 | 52 | 59 | 49 |
Depreciation | 8 | 9 | 8 | 11 | 11 | 15 | 17 | 20 | 25 |
Profit before tax | 31 | 100 | 27 | 13 | 120 | 225 | 272 | 210 | 117 |
Tax % | 16% | 26% | 30% | 24% | 17% | 27% | 21% | 21% | |
26 | 74 | 19 | 10 | 100 | 164 | 214 | 165 | 83 | |
EPS in Rs | 162.19 | 46.43 | 11.71 | 6.16 | 62.70 | 18.42 | 23.86 | 14.36 | 7.92 |
Dividend Payout % | 1,778% | 0% | 85% | 73% | 0% | 0% | 2% | 3% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 23% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 51% |
3 Years: | 12% |
TTM: | -50% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -28% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 23% |
Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 16 | 16 | 16 | 16 | 16 | 16 | 16 | 20 | 20 |
Reserves | 212 | 285 | 368 | 330 | 429 | 525 | 727 | 1,153 | 1,188 |
272 | 326 | 116 | 146 | 90 | 191 | 220 | 271 | 225 | |
374 | 481 | 771 | 516 | 566 | 586 | 668 | 497 | 637 | |
Total Liabilities | 875 | 1,108 | 1,271 | 1,008 | 1,101 | 1,318 | 1,632 | 1,940 | 2,070 |
74 | 78 | 99 | 97 | 88 | 190 | 238 | 361 | 352 | |
CWIP | 2 | 4 | 5 | 12 | 22 | 44 | 73 | 9 | 33 |
Investments | 0 | 0 | 1 | 0 | 7 | 0 | 0 | 0 | 0 |
798 | 1,025 | 1,166 | 899 | 984 | 1,084 | 1,321 | 1,570 | 1,684 | |
Total Assets | 875 | 1,108 | 1,271 | 1,008 | 1,101 | 1,318 | 1,632 | 1,940 | 2,070 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
214 | -26 | 165 | 70 | 118 | 167 | 88 | -69 | |
-10 | -8 | 1 | -24 | -22 | -116 | -72 | -66 | |
-221 | 24 | -176 | -45 | -91 | -4 | -29 | 160 | |
Net Cash Flow | -16 | -10 | -11 | 2 | 5 | 47 | -13 | 25 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 90 | 95 | 63 | 64 | 84 | 46 | 50 | 55 |
Inventory Days | 54 | 51 | 30 | 32 | 38 | 40 | 47 | 46 |
Days Payable | 84 | 81 | 84 | 82 | 101 | 63 | 59 | 38 |
Cash Conversion Cycle | 60 | 65 | 9 | 14 | 22 | 22 | 38 | 63 |
Working Capital Days | 70 | 75 | 28 | 41 | 48 | 32 | 46 | 74 |
ROCE % | 23% | 13% | 31% | 39% | 37% | 22% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20h - Schedule of a Earnings call to be held with Analysts/ Institutional Investors on Friday, May 23, 2025, at 12:00 noon IST. This is for your …
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Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Financial Year Ended March 31, 2025, Dividend And Any Other Matter
15 May - Board meeting on May 22 to approve FY25 results and consider dividend declaration.
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Announcement under Regulation 30 (LODR)-Monitoring Agency Report
9 May - ICRA monitoring report confirms no deviation in utilization of Gandhar Oil IPO proceeds for Q4 FY25.
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Non-Binding MOU With Jawaharlal Nehru Port Authority (JNPA)
21 Apr - Signed non-binding MoU for ₹1,000 Cr Vadhvan Port terminal project, starting 2030, subject to bidding.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Apr - Certificate under Regulation 74(5) for Q1 2025.
Concalls
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Feb 2025TranscriptNotesPPT
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Nov 2024Transcript PPT REC
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Aug 2024TranscriptNotesPPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Jan 2024Transcript PPT
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Dec 2023TranscriptNotesPPT
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Dec 2023TranscriptNotesPPT
Market Leader in White Oils[1]
The company is one of India’s largest manufacturers of white oils and one of the top 5 players globally. It has 26.5% market share in India in white oil and 9.6% market share globally in white oil.