Gandhar Oil Refinery (India) financials

Latest results Q2 FY27 · Jul–Sep 2026
Revenue
₹1,847cr+74.2% on Q2 FY26
Net profit
₹186cr+368.4% on Q2 FY26
EBITDA margin
15.6%+9.4 pts on Q2 FY26
EPS
₹17.87+385.6% on Q2 FY26

Quarterly results

Every quarter ›
₹ croreQ2 FY27Q2 FY26Change
Revenue1,8471,060+74.2%
EBITDA28865.8+337.0%
EBITDA margin15.6%6.2%+9.4 pts
Profit before tax24851.0+386.2%
Net profit18639.8+368.4%
EPS₹17.87₹3.68+385.6%

Over time

Q2 FY27 · Jul–Sep 2026latest
Revenue₹1,847 crNet profit₹186 crNet margin10.1%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024
2,429———
41.628.250.671.4
71.447.252.851.4
168168182203
2,627———
5,8394,2413,8974,113
—+8.8%−5.3%—
692234176279
11.8%5.5%4.5%6.8%
661205150259
46413783.5165
7.9%3.2%2.1%4.0%
₹44.97₹13.83₹8.17₹14.35
—+69.1%−43.0%—
—12814.7−69.3
—−79.8−57.60.0
48.048.0−42.9−69.3
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

GANDHAR₹248.10

Gandhar Oil Refinery (India) Limited

· Energy & Power
₹ CrorePeersVEEDOLPANAMAPETSOTLGULFOILLUBMcap ₹2,429 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization———2,428.9
- Cash, Equiv & ST Investments71.450.628.241.6
+ Minority Interest51.452.847.271.4
+ Total Debt203.1181.6168.5168.5
Enterprise Value———2,627.1
Revenue4,113.23,896.94,241.25,838.9
Growth %, YoY—-5.3+8.8—
EBITDA278.7175.6234.5691.7
Margin %6.784.515.5311.85
EBIT258.6149.7204.6660.7
Net Income165.383.5137.3463.6
Margin %4.022.143.247.94
EPS, Adj (current shares)14.358.1713.8344.97
Growth %, YoY—-43.0+69.1—
Cash from Operations-69.314.7127.8—
Capital Expenditures-0.0-57.6-79.8—
Free Cash Flow-69.3-42.948.048.0
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Gandhar Oil Refinery financials and key ratios

Prices at the previous close · figures from the company's filings with NSE

Gandhar Oil Refinery (NSE: GANDHAR) had a market capitalisation of ₹2,429 crore at the previous close (₹248.10 a share), a PE ratio of 5.5 on the last four quarters' profit and a price-to-book ratio of 1.43. In FY26 its consolidated net profit attributable to shareholders was ₹135 crore on revenue of ₹4,241 crore; in Q2 FY27 (July–September 2026) it was ₹175 crore, up 385.1% year on year. Its debt-to-equity ratio was 0.05 on 30 September 2026. Promoters held 66.65% of the shares on 30 September 2026.

Share price used
₹248.10 · previous close
Latest balance sheet
30 September 2026
Shareholding pattern
30 September 2026

Gandhar Oil Refinery at a glance · consolidated

Market cap
₹2,429 Crat ₹248.10 · previous close
PE ratio (last 4 quarters)
5.517.9 on FY26 profit
Price to book (PB)
1.43book value ₹173.57 a share
ROE (FY26)
10.5%+3.8 pts vs FY25ROCE 13.5%
Debt to equity
0.05net cash ₹50 Cr
Promoter holding
66.65%+0.1 pts vs 30 Jun 202630 September 2026
Dividend yield
1.11%₹2.75 a share in 12 months
Net worth
₹1,699 Cr+31.7% vs 30 Sep 202530 September 2026
Free cash flow (FY26)
₹48 Cr

Questions

What is the Gandhar Oil Refinery PE ratio today?

Gandhar Oil Refinery's PE ratio is 5.5 at the previous close (₹248.10 a share): a market capitalisation of ₹2,429 crore divided by consolidated net profit attributable to shareholders of ₹440 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹135 crore) it is 17.9.

What is the Gandhar Oil Refinery PB ratio (price to book value)?

Gandhar Oil Refinery's price-to-book (PB) ratio is 1.43 at the previous close: a market capitalisation of ₹2,429 crore divided by shareholders' equity (book value) of ₹1,699 crore on 30 September 2026. That is a book value of ₹173.57 per share against a share price of ₹248.10.

What is the Gandhar Oil Refinery ROE and ROCE?

In FY26, Gandhar Oil Refinery's return on equity (ROE) was 10.5% and its return on capital employed (ROCE) was 13.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 6.7% and ROCE 10.8%.

What is the Gandhar Oil Refinery market cap?

Gandhar Oil Refinery's market capitalisation was ₹2,429 crore at the previous close: 9.79 crore shares at ₹248.10 each.

Is Gandhar Oil Refinery debt free?

No. Gandhar Oil Refinery had borrowings of ₹84.6 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.05. Its cash and current investments were ₹135 crore, so it held net cash of ₹50 crore.

What is the Gandhar Oil Refinery EPS?

Gandhar Oil Refinery's basic earnings per share (EPS) were ₹13.83 in FY26, against ₹8.18 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹44.99.

What is the Gandhar Oil Refinery debt to equity ratio?

Gandhar Oil Refinery's debt-to-equity ratio was 0.05 on 30 September 2026: borrowings of ₹84.6 crore against total equity of ₹1,771 crore. A year earlier, on 30 September 2025, it was 0.14.

What is the Gandhar Oil Refinery net worth?

Gandhar Oil Refinery's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,699 crore on 30 September 2026, up 31.7% from ₹1,290 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹2,429 crore at the previous close.

What is the Gandhar Oil Refinery dividend in 2026 and its record date?

In 2026, Gandhar Oil Refinery has declared two dividends totalling ₹2.75 a share: ₹0.75 (interim) with record date 30 January 2026 and ₹2 (interim) with record date 31 July 2026.

What is the Gandhar Oil Refinery book value per share?

Gandhar Oil Refinery's book value per share was ₹173.57 on 30 September 2026: shareholders' equity of ₹1,699 crore divided by the 9.79 crore shares in issue, up 31.7% from ₹131.78 a year earlier. The share price at the previous close was ₹248.10.

What is the Gandhar Oil Refinery dividend yield?

Gandhar Oil Refinery's dividend yield is 1.11% at the previous close: dividends of ₹2.75 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹248.10. They were ₹2 on 31 July 2026 (interim) and ₹0.75 on 30 January 2026 (interim).

What is the Gandhar Oil Refinery promoter holding?

Promoters held 66.65% of Gandhar Oil Refinery on 30 September 2026, up 0.05 percentage points from 66.60% the previous quarter and up 1.64 percentage points from 65.01% a year earlier, according to the shareholding pattern filed with NSE.

What is the Gandhar Oil Refinery shareholding pattern?

On 30 September 2026, Gandhar Oil Refinery's shares were held by promoters 66.65%, foreign portfolio investors (FII/FPI) 5.47%, domestic institutions (DII) 1.07% (including mutual funds at 0.29%) and retail and other non-institutional investors 26.81%. Over the year, FII holding was up 5.30 percentage points from 0.17% and DII holding was down 0.98 percentage points from 2.05%.

What is the Gandhar Oil Refinery free cash flow?

In FY26, Gandhar Oil Refinery generated ₹128 crore of cash from operations and spent ₹79.8 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹48 crore. In FY25 it was −₹42.9 crore.

Gandhar Oil Refinery vs Veedol Corporation: how do they compare?

In FY26, Gandhar Oil Refinery earned net profit attributable to shareholders of ₹135 crore on revenue of ₹4,241 crore, against ₹192 crore on ₹2,169 crore for Veedol Corporation. Gandhar Oil Refinery's operating margin was 4.8% (Veedol Corporation 8.9%) and its return on equity 10.5% (Veedol Corporation 19.7%).

What are the Gandhar Oil Refinery latest quarterly results?

Gandhar Oil Refinery's latest results are for Q2 FY27 (July–September 2026), filed on 27 October 2026: consolidated net profit attributable to shareholders ₹175 crore, up 385.1% from ₹36.1 crore in Q2 FY26; revenue from operations ₹1,847 crore, up 74.2% year on year.

What is the Gandhar Oil Refinery revenue and profit in FY26?

In FY26 (April 2025–March 2026), Gandhar Oil Refinery's consolidated net profit attributable to shareholders was ₹135 crore, up 69.1% from ₹80 crore in FY25, on revenue from operations of ₹4,241 crore (up 8.8%).

When are the Gandhar Oil Refinery next results?

Gandhar Oil Refinery has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.

How does Gandhar Oil Refinery compare with its peers?

On FY26 consolidated figures, against Veedol Corporation, Panama Petrochem and Savita Oil Technologies: Gandhar Oil Refinery's operating margin of 4.8% is the lowest of the four (Veedol Corporation 8.9%, Panama Petrochem 8.5%, Savita Oil Technologies 5.0%; peer average 7.5%); its return on equity of 10.5% is the third highest of the four (Veedol Corporation 19.7%, Panama Petrochem 15.6%, Savita Oil Technologies 10.5%; peer average 15.2%).

Where do these Gandhar Oil Refinery figures come from?

From Gandhar Oil Refinery's own consolidated results, balance sheets and shareholding patterns filed with NSE. Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.