Gujarat Natural Resources Ltd

₹ 95.6 -1.41%

05 Oct 12:26 p.m.

About

Incorporated in 1991, Gujarat Natural Resources Ltd is in the business of Oil & Gas exploration and trading of goods^[1]

Key Points

Business Overview:
The core business is exploration, appraisal, development, and production of crude oil and natural gas. The parent also reports trading of goods/shares. In FY26, the object clause was modified to add commodity trading and real estate/construction. Former step-down operator GNRL Oil & Gas Ltd was merged into GNRL Oil & Gas (I) Pvt Ltd under an NCLT order dated January 20, 2026.^[1]

Website BSE NSE

Market Cap ₹ 1,467 Cr.
Current Price ₹ 95.6
High / Low ₹ 121 / 76.0
Stock P/E 79.0
Book Value ₹ 15.1
Dividend Yield 0.00 %
ROCE 5.53 %
ROE 4.22 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company is almost debt free.
Company has delivered good profit growth of 64.8% CAGR over last 5 years
Debtor days have improved from 127 to 34.0 days.

Cons

Stock is trading at 6.45 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
Promoter holding has decreased over last quarter: -0.38%
Promoter holding is low: 1.93%
Company has a low return on equity of 0.74% over last 3 years.
Earnings include an other income of Rs.6.43 Cr.

* 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

Energy Oil, Gas & Consumable Fuels Oil Oil Exploration & Production

Part of BSE Energy

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	0	0	0	2	1	0	0	0	0	3	2	6	0
	0	3	1	1	0	0	1	0	0	0	0	5	-9
Operating Profit	-0	-3	-1	1	0	-0	-1	-0	-0	3	2	1	9
OPM %				61%	71%		-1,140%	-170%	-111%	95%	93%	15%	3,337%
	0	0	0	0	0	0	0	2	0	1	2	2	2
Interest	0	1	1	1	0	1	1	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	-0	-4	-1	-0	0	-1	-2	2	0	4	4	3	11
Tax %	0%	0%	0%	0%	0%	0%	0%	3%	0%	16%	15%	53%	0%
	-0	-4	-1	-0	0	-1	-2	2	0	3	3	2	11
EPS in Rs	-0.01	-0.29	-0.09	-0.01	0.03	-0.05	-0.13	0.17	0.03	0.25	0.21	0.10	0.69
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	0	0	0	0	0	4	2	0	0	2	1	11	12
	1	0	0	1	1	4	2	1	0	5	1	5	-4
Operating Profit	-0	-0	-0	-1	-1	-0	-0	-1	-0	-3	-0	6	15
OPM %	-57%					-0.6%	-24%		-52%	-128%	-66%	53%	130%
	1	0	1	0	0	-25	1	0	0	0	2	5	6
Interest	0	0	0	0	0	0	1	0	1	2	2	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	1	-0	1	-1	-0	-25	-1	-1	-0	-5	0	11	22
Tax %	4%	9%	45%	0%	0%	0%	0%	0%	0%	0%	25%	26%
	1	-0	0	-1	-1	-25	-1	-1	-0	-5	0	8	19
EPS in Rs	0.11	-0.05	0.07	-0.09	-0.08	-2.79	-0.09	-0.06	-0.03	-0.40	0.01	0.55	1.25
Dividend Payout %	58%	0%	95%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	44%
3 Years:	226%
TTM:	4758%

Compounded Profit Growth
10 Years:	39%
5 Years:	65%
3 Years:	181%
TTM:	9185%

Stock Price CAGR
10 Years:	10%
5 Years:	62%
3 Years:	99%
1 Year:	23%

Return on Equity
10 Years:	0%
5 Years:	0%
3 Years:	1%
Last Year:	4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	39	39	39	39	39	56	56	80	80	80	128	153
Reserves	44	44	44	43	56	42	54	45	45	40	40	78
	2	2	2	20	12	2	15	5	18	30	11	5
	9	9	9	8	9	8	9	8	4	1	0	4
Total Liabilities	94	93	94	110	115	109	133	139	147	151	180	239
	1	1	1	0	0	0	0	0	0	0	0	0
CWIP	0	0	0	0	0	0	0	0	0	0	0	0
Investments	15	21	31	34	34	15	15	15	15	15	15	15
	77	71	62	76	81	93	118	124	132	136	164	224
Total Assets	94	93	94	110	115	109	133	139	147	151	180	239

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-1	5	-1	4	-13	-50	-12	-14	0	-1	-46	-30
	1	-6	-9	-2	0	19	0	0	0	0	-0	0
	0	0	11	-1	13	31	12	14	-0	1	46	31
Net Cash Flow	-0	-0	0	0	-0	-0	0	-0	-0	0	0	1
Free Cash Flow	-1	5	-1	5	-13	-50	-12	-14	0	-1	-46	-30
CFO/OP	440%	-1,261%	214%	-713%	2,175%	249,050%	2,716%	1,553%	-247%	28%	9,959%	-446%

Ratios

Standalone / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	7,717					119	0		409	91	256	34
Inventory Days						0	0					840
Days Payable												12
Cash Conversion Cycle	7,717					119	0		409	91	256	861
Working Capital Days	61,424					8,197	17,565		113,946	16,453	77,568	5,953
ROCE %	1%	-0%	1%	-1%	-0%	0%	0%	-0%	0%	-2%	1%	6%

Insights

In beta

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Crude Oil Production
MBBLs (Thousand Barrels)

xx.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	xx.xx	xx.xx	xx.xx
xx.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	xx.xx	xx.xx	xx.xx
x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xxx.xx	xxx.xx	xxx.xx
x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx	x.xx

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Crude Oil Sales Volume
MBBLs (Thousand Barrels)

Natural Gas Production
MM3 (Thousand Cubic Meters)

Natural Gas Sales Volume
MM3 (Thousand Cubic Meters)

Proved Developed Reserves - Gas (Closing Balance)
Million Cubic Meters

Proved Developed Reserves - Oil (Closing Balance)
Million Metric Tonnes

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	9.52%	9.51%	9.51%	3.03%	3.03%	2.31%	2.31%	2.31%	2.31%	2.31%	2.31%	1.93%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.25%	1.19%	0.87%	0.25%	1.05%
	90.47%	90.49%	90.49%	96.96%	96.97%	97.68%	97.49%	97.43%	96.49%	96.81%	97.43%	97.01%
No. of Shareholders	6,457	7,133	9,469	12,545	14,651	19,616	17,783	16,394	15,656	15,314	15,431	16,338

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	23.88%	23.88%	23.88%	23.83%	20.97%	20.97%	14.70%	10.76%	9.51%	2.31%	2.31%	1.93%
	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.00%	0.00%	0.19%	0.25%	1.05%
	76.12%	76.12%	76.12%	76.16%	79.02%	79.02%	85.30%	89.24%	90.49%	97.49%	97.43%	97.01%
No. of Shareholders	6,463	6,534	6,476	6,466	6,390	2,386	5,157	5,699	9,469	17,783	15,431	16,338

* 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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Gujarat Natural Resources Ltd

Gujarat Natural Resources Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports