Gandhar Oil Refinery (India) Limited (IN:GANDHAR)
:GANDHAR
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Gandhar Oil Refinery (India) Limited
(GANDHAR)
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Rating:62Neutral
Price Target:
₹147.00
▼(-3.19% Downside)
Action:Reiterated
Date:03/31/26
The score is held back primarily by weak technicals (bearish trend with negative MACD and oversold momentum) and cash-flow pressure (negative free cash flow and weak cash conversion). These are partly offset by a strong balance sheet with low debt and a reasonable valuation (P/E ~11.7) with a modest dividend yield.
Positive Factors
Low leverage and strong equity base
Low financial leverage and a robust equity ratio provide durable financial flexibility, lowering refinancing and solvency risk. This supports capital spending, working capital needs, and resilience to cyclical shocks over several months, preserving strategic optionality.
Negative Factors
Negative free cash flow
Significant negative free cash flow constrains the firm's ability to self-fund capex, reduce leverage, or sustain distributions. Persisting FCF deficits over months can force external financing, limit strategic investments, and raise vulnerability to demand or price shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage and strong equity base
Low financial leverage and a robust equity ratio provide durable financial flexibility, lowering refinancing and solvency risk. This supports capital spending, working capital needs, and resilience to cyclical shocks over several months, preserving strategic optionality.
Read all positive factors
Gandhar Oil Refinery (India) Limited (GANDHAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹15.57B
Dividend Yield0.34%
Average Volume (3M)10.63K
Price to Earnings (P/E)11.7
Beta (1Y)1.06
Revenue Growth5.61%
EPS Growth37.20%
CountryIN
Employees381
SectorEnergy
Sector Strength52
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)9.53
Shares Outstanding97,879,530
10 Day Avg. Volume10,147
30 Day Avg. Volume10,634
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)1.18
Price to Sales (P/S)0.37
P/FCF Ratio-34.01
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Gandhar Oil Refinery (India) Limited Business Overview & Revenue Model
Company Description
Gandhar Oil Refinery (India) Limited manufactures white oils with focus on the consumer and healthcare end-industries in India. The company operates through Specialty Oil, Non-coking Coal and Logistics Support Services, and Others. The company off...
How the Company Makes Money
Gandhar primarily makes money by refining and processing hydrocarbon feedstocks into higher-value specialty oil products and selling them to business customers. Its key revenue streams are: (1) Sales of white oils and related high-purity liquid pa...
Gandhar Oil Refinery (India) Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.33B | 39.10B | 41.13B | 40.79B | 33.87B | 22.21B |
| Gross Profit | 4.26B | 4.40B | 4.86B | 5.16B | 4.38B | 2.85B |
| EBITDA | 1.98B | 1.89B | 2.76B | 3.41B | 2.60B | 2.40B |
| Net Income | 939.03M | 800.32M | 1.41B | 1.91B | 1.68B | 1.52B |
Balance Sheet | ||||||
| Total Assets | 21.97B | 19.59B | 19.40B | 16.13B | 13.18B | 10.98B |
| Cash, Cash Equivalents and Short-Term Investments | 1.24B | 1.52B | 714.28M | 468.46M | 596.79M | 1.21B |
| Total Debt | 3.31B | 3.05B | 2.71B | 2.20B | 1.91B | 2.03B |
| Total Liabilities | 8.53B | 6.70B | 7.16B | 8.53B | 7.58B | 7.22B |
| Stockholders Equity | 12.90B | 12.36B | 11.72B | 7.25B | 5.41B | 4.63B |
Cash Flow | ||||||
| Free Cash Flow | 24.52M | -429.25M | -1.25B | 322.71M | 510.23M | 1.08B |
| Operating Cash Flow | 331.76M | 147.13M | -693.37M | 879.27M | 1.67B | 1.18B |
| Investing Cash Flow | -292.91M | -480.98M | -659.19M | -721.87M | -1.16B | -223.56M |
| Financing Cash Flow | -256.96M | 125.54M | 1.60B | -285.73M | -41.28M | -910.86M |
Gandhar Oil Refinery (India) Limited Technical Analysis
Positive
151.85
Price Trends
137.58
Positive
143.81
Positive
142.79
Positive
Market Momentum
4.76
Negative
65.07
Neutral
83.61
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GANDHAR, the sentiment is Positive. The current price of 151.85 is above the 20-day moving average (MA) of 145.84, above the 50-day MA of 137.58, and above the 200-day MA of 142.79, indicating a bullish trend. The MACD of 4.76 indicates Negative momentum. The RSI at 65.07 is Neutral, neither overbought nor oversold. The STOCH value of 83.61 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GANDHAR.
Gandhar Oil Refinery (India) Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹28.57B | 10.86 | ― | 1.06% | 14.40% | 62.04% | |
73 Outperform | ₹44.62B | 19.36 | ― | 3.96% | 11.43% | -1.26% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
65 Neutral | ₹241.73B | 33.62 | ― | 0.50% | 21.42% | 17.24% | |
62 Neutral | ₹15.57B | 11.66 | ― | 0.34% | 5.61% | 37.20% | |
51 Neutral | ₹259.82B | 67.10 | ― | 2.04% | -6.35% | 3324.95% |
* Energy Sector Average
IN:GANDHAR
Gandhar Oil Refinery (India) Limited
159.05
-3.83
-2.35%
IN:GULFOILLUB
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901.30
-253.85
-21.98%
IN:KIRLOSENG
Kirloskar Oil Engines Limited
1,663.00
808.26
94.56%
IN:MRPL
Mangalore Refinery & Petrochemicals Ltd.
148.25
11.49
8.40%
IN:SOTL
Savita Oil Technologies Limited
416.75
20.23
5.10%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.