Gandhar Oil Refinery (India) Ltd

Gandhar Oil Refinery (India) Ltd

₹ 203 -0.62%
22 Jul - 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 1,989 Cr.
  • Current Price 203
  • High / Low 345 / 182
  • Stock P/E 16.8
  • Book Value 114
  • Dividend Yield 0.00 %
  • ROCE 21.3 %
  • ROE 13.1 %
  • Face Value 2.00

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 28.2% CAGR over last 5 years

Cons

  • The company has delivered a poor sales growth of -1.26% over past five years.
  • Working capital days have increased from 56.4 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

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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
793.74 647.32 697.82 690.06 736.58 717.28
740.70 619.13 638.18 637.26 665.65 700.70
Operating Profit 53.04 28.19 59.64 52.80 70.93 16.58
OPM % 6.68% 4.35% 8.55% 7.65% 9.63% 2.31%
17.33 6.57 4.38 2.20 1.78 8.83
Interest 15.80 8.89 9.06 10.61 10.52 7.91
Depreciation 3.05 3.33 3.59 3.72 3.80 4.31
Profit before tax 51.52 22.54 51.37 40.67 58.39 13.19
Tax % 25.17% 27.28% 24.98% 25.08% 25.31% 53.83%
38.55 16.38 38.53 30.46 43.61 6.10
EPS in Rs 4.82 2.05 4.82 3.81 4.46 0.62
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
2,363 3,027 2,366 1,984 2,925 2,922 2,842
2,242 2,966 2,304 1,873 2,696 2,668 2,642
Operating Profit 121 61 62 111 229 255 200
OPM % 5% 2% 3% 6% 8% 9% 7%
6 20 16 7 66 24 17
Interest 44 44 47 35 24 39 38
Depreciation 9 7 11 12 12 13 15
Profit before tax 74 29 21 71 258 227 164
Tax % 33% 25% 13% 28% 24% 25% 27%
50 22 18 51 197 170 119
EPS in Rs 31.14 13.79 11.14 32.08 24.58 21.19 12.13
Dividend Payout % 6% 0% 40% 3% 0% 2% 4%
Compounded Sales Growth
10 Years: %
5 Years: -1%
3 Years: 13%
TTM: -3%
Compounded Profit Growth
10 Years: %
5 Years: 28%
3 Years: 32%
TTM: -30%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
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
Equity Capital 16 16 16 16 16 16 20
Reserves 304 306 316 367 518 688 1,093
283 86 118 79 43 16 64
616 713 503 546 515 451 376
Total Liabilities 1,219 1,121 953 1,008 1,092 1,171 1,552
96 98 114 105 101 126 244
CWIP 0 5 12 22 43 73 8
Investments 8 7 2 2 2 2 2
1,115 1,011 824 879 945 970 1,298
Total Assets 1,219 1,121 953 1,008 1,092 1,171 1,552

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 40 41
Days Payable 100 91 82 110 68 55 48
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% 41% 21%

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024
64.63% 64.63% 64.63% 64.63%
3.87% 2.53% 0.53% 0.18%
10.72% 6.61% 3.47% 2.65%
20.79% 26.24% 31.37% 32.56%
No. of Shareholders 1,22,4631,82,5321,80,7271,72,305

* 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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