Gandhar Oil Refinery (India) Ltd

Gandhar Oil Ref. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Gandhar Oil Refinery (India) Ltd

₹ 239 3.62%
04 Dec 1:49 p.m.
gandharoil.com BSE: 544029 NSE: GANDHAR
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

Market Leader in White Oils
The company is one of India’s largest manufacturers of white oils and one of the top 5 players globally. [1] It has a 26.5% market share in India in white oil as in FY23 and 9.6% market share globally in white oil in CY22. [2]

Website BSE NSE
  • Market Cap ₹ 2,338 Cr.
  • Current Price ₹ 239
  • High / Low ₹ 320 / 182
  • Stock P/E 24.1
  • Book Value ₹ 117
  • Dividend Yield 0.22 %
  • ROCE 21.2 %
  • ROE 13.1 %
  • Face Value ₹ 2.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 28.3% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of -1.26% over past five years.
  • Company's cost of borrowing seems high
  • Working capital days have increased from 56.6 days to 81.2 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.

Peer comparison

Sector: Refineries Industry: Refineries

Part of BSE SmallCap BSE IPO BSE Allcap BSE Energy

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
794 647 698 690 737 717 790 761
741 619 638 637 666 701 739 727
Operating Profit 53 28 60 53 71 17 51 35
OPM % 7% 4% 9% 8% 10% 2% 6% 5%
17 7 4 2 2 9 5 3
Interest 16 9 9 11 11 8 9 8
Depreciation 3 3 4 4 4 4 5 5
Profit before tax 52 23 51 41 58 13 42 25
Tax % 25% 27% 25% 25% 25% 54% 32% 26%
39 16 39 30 44 6 29 18
EPS in Rs 4.82 2.05 4.82 3.81 4.46 0.62 2.96 1.87
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,363 3,027 2,366 1,984 2,925 2,921 2,842 3,005
2,242 2,966 2,304 1,873 2,696 2,668 2,641 2,832
Operating Profit 121 61 62 111 229 253 201 173
OPM % 5% 2% 3% 6% 8% 9% 7% 6%
6 20 16 7 66 25 17 19
Interest 44 44 47 35 24 39 39 35
Depreciation 9 7 11 12 12 13 15 18
Profit before tax 74 29 21 71 258 227 164 139
Tax % 33% 25% 13% 28% 24% 25% 27%
50 22 18 51 197 170 119 97
EPS in Rs 31.14 13.79 11.14 32.08 24.58 21.19 12.13 9.91
Dividend Payout % 6% -0% 40% 3% -0% 2% 4%
Compounded Sales Growth
10 Years: %
5 Years: -1%
3 Years: 13%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 32%
TTM: -22%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -15%
Return on Equity
10 Years: %
5 Years: 21%
3 Years: 24%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 16 16 16 16 16 16 20 20
Reserves 304 306 316 367 518 688 1,093 1,127
283 86 118 79 43 35 64 35
616 713 503 546 515 432 376 549
Total Liabilities 1,219 1,121 953 1,008 1,092 1,171 1,552 1,730
96 98 114 105 101 126 244 237
CWIP -0 5 12 22 43 73 8 33
Investments 8 7 2 2 2 2 2 3
1,115 1,011 824 879 945 970 1,298 1,457
Total Assets 1,219 1,121 953 1,008 1,092 1,171 1,552 1,730

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
190 153 22 102 117 52 -83
-6 20 3 -6 27 -40 -29
-187 -175 -25 -91 -115 -48 163
Net Cash Flow -3 -1 0 5 30 -36 50

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 82 62 64 87 52 58 68
Inventory Days 51 34 32 43 37 41 43
Days Payable 100 91 82 110 68 56 49
Cash Conversion Cycle 33 5 15 20 22 43 62
Working Capital Days 47 23 35 41 34 54 81
ROCE % 18% 16% 23% 53% 40% 21%

Shareholding Pattern

Numbers in percentages

5 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
64.63% 64.63% 64.63% 64.63% 64.63%
3.87% 2.53% 0.53% 0.18% 0.02%
10.72% 6.61% 3.47% 2.65% 1.84%
20.79% 26.24% 31.37% 32.56% 33.52%
No. of Shareholders 1,22,4631,82,5321,80,7271,72,3051,67,001

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls