Gandhar Oil Refinery India Limited Stock Price Today (NSE: GANDHAR)

Gandhar Oil Refinery India Limited

GANDHARLubricants
155.791.77 (1.12%)
Market Open

Fundamental Score

...

Gandhar Oil Refinery India Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis

Gandhar Oil Refinery India Limited share price today is 155.79, down 1.12% on NSE/BSE as of 18 June 2026. Gandhar Oil Refinery India Limited (GANDHAR) is a Small-cap company in the Lubricants sector with a market capitalisation of 1.27K (Cr). The 52-week high for GANDHAR share price is 178.95 and the 52-week low is 115.00. At a P/E ratio of 13.63x, GANDHAR is currently trading below its industry average P/E of 15.24x. The company has a Return on Equity (ROE) of 6.65% and a debt-to-equity ratio of 0.26.

Gandhar Oil Refinery India Limited Share Price Chart — NSE/BSE Historical Performance

No data
High
174.80
Low
136.52
Volume
13.4L
Change
+12.34%

Gandhar Oil Refinery India Limited share price chart: 12.34% return over the past month. 52-week high ₹178.95, 52-week low ₹115.00.

Gandhar Oil Refinery India Limited — Last 10 Trading Days

DateOpenHighLowCloseVolume
155.00157.11152.00155.793.70L (Cr)
156.48161.10153.97157.564.12L (Cr)
163.40163.45155.10155.976.05L (Cr)
169.00174.80160.10162.8646.96L (Cr)
171.00172.28159.00162.5015.36L (Cr)
165.50172.20165.50169.9910.53L (Cr)
165.00170.88163.11164.3111.95L (Cr)
160.33166.80159.61163.787.50L (Cr)
158.00159.99155.21158.861.95L (Cr)
158.80160.50154.08159.475.08L (Cr)

Gandhar Oil Refinery India Limited — Last 12 Months Price History

MonthOpenHighLowCloseChange
156.48161.10152.00155.79-0.44%
140.40174.80136.52155.97+11.09%
119.80151.00119.20138.73+15.80%
137.00142.87115.00116.79-14.75%
142.87159.80137.10140.43-1.71%
154.58178.95146.03149.82-3.08%
131.50155.18120.56154.36+17.38%
134.70155.00128.50130.75-2.93%
141.61147.35133.50133.79-5.52%
147.00152.00140.00143.05-2.69%
165.25171.00145.90146.15-11.56%
176.00178.50162.00163.63-7.03%

AI Research Briefing

Powered by Gemini · 2026-04-15

Small-cap lubricant player trading near all-time lows; bet on turnaround or prepare for value erosion.

Research Confidence
6.0/10Moderate
MICRO-CAP DARK HORSEBreakdown - 1M: -2.84%, 3M: -11.48%, 6M: -27.78% [cite: brief]Fair - P/E of 13.63x vs Industry P/E of 15.24x [cite: brief].

WHAT'S HAPPENING NOW (last 2-4 weeks)

Gandhar Oil Refinery submitted its Q4 FY26 compliance certificate to stock exchanges on April 4, 2026. Gandhar Coals & Mines acquired 50,000 equity shares of Gandhar Oil Refinery on March 20, 2026, increasing its shareholding from 1.67% to 1.72%. However, the stock hit an all-time low of on March 30, 2026, underperforming the sector and benchmark indices.

CORE STORY (THE REAL GAME)

Gandhar is a play on specialty oil & lubricants demand, particularly white oils for consumer and healthcare. Market is weighing if recent underperformance is a blip or reflects deeper issues with growth and profitability.

Why Now
  • Q3 FY26 results showed revenue and profit growth
  • Promoter group increased stake
  • Strategic expansion plans underway
Potential Catalysts
  • Sustained earnings growth
  • Successful expansion execution
  • Positive developments in the lubricants industry
Key Risks
  • Micro-cap liquidity risk
  • Recent all-time low stock price
  • Underperformance compared to sector and indices
Institutional Activity

FII decreased holding by 0.07%, DII increased holding by 0.08% [cite: brief]. Promoter increased holding marginally.

Macro Context

India's lubricant industry is at a turning point, with electric mobility reshaping usage patterns.

Order Book / Expansion

Board approved purchase of land parcel admeasuring 453.55 decimals adjoining its existing factory location.

Cash Flow Quality

Yes - Free Cash Flow 5Y: ₹23.32 Cr [cite: brief]

3–6 Month Outlook

Monitor for sustained earnings growth and successful execution of expansion plans. Key is whether they can translate strategic moves into shareholder value.

Primary Thesis Risk

Inability to translate strategic moves into sustained earnings growth.

For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.

Returns & Performance

Poor

Return on Equity (ROE)

6.65%

Profit generated per ₹1 of shareholder equity

Poor

Return on Capital (ROCE)

10.59%

Returns generated on total capital deployed

Poor

Oper. Profit Margin (5Y Avg)

6.50%

Average operating profit margin over 5 years

Dividend Yield

0.38%

Annual dividend as % of current share price

Gandhar Oil Refinery India Limited Valuation Check

Good

Price to Earnings (P/E)

13.63x

Share price ÷ earnings per share. Lower = cheaper

Poor

Industry Avg P/E

15.24x

Average P/E of all peers in this sector

Market-cap Classification
Small-cap
Higher growth potential with higher volatility.

Shareholding Pattern

Excellent

Promoter Holding

65.01%

% shares held by company founders/management

Poor

FII Holding

0.17%

% shares held by foreign institutional investors

Poor

DII Holding

2.05%

% held by domestic mutual funds, LIC, banks

Excellent

Promoter Pledged %

0.00%

% of promoter shares pledged as collateral — lower is safer

Growth Engine

Excellent

Profit Growth (Quarterly YoY)

98.24%

Net profit growth vs same quarter last year

Poor

Revenue Growth (Quarterly YoY)

13.35%

Revenue growth vs same quarter last year

Poor

Revenue Growth (5-Year CAGR)

9.25%

Compounded annual revenue growth over 5 years

Poor

EPS Growth (5-Year CAGR)

5.82%

Earnings per share growth over 5 years

Excellent

Net Profit Growth (5-Year CAGR)

52.02%

Compounded annual net profit growth over 5 years

Balance Sheet Health

Excellent

Debt to Equity Ratio

0.26x

Total debt ÷ equity. Below 0.5 = financially healthy

Excellent

Interest Coverage Ratio

3.88x

EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably

Free Cash Flow (5-Year Total)

23.32 (Cr)

Cash left after capex over 5 years. Positive = self-funded growth

Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice

Gandhar Oil Refinery India Limited Fundamental Analysis & Valuation Benchmarking

Educational evaluation of GANDHAR across key market metrics for learning purposes.

Positive Indicators

5 factors identified

Robust Profit Growth (98.24%)

Observation: Strong year-over-year profit expansion demonstrates business momentum.

Analysis: Profit growth >20% indicates effective execution and market opportunity capture.

Strong Profit Growth Track Record (52.02% CAGR)

Observation: Consistent 5-year profit compound annual growth rate.

Analysis: Profit CAGR >15% demonstrates scalable business model.

Conservative Debt Levels (D/E: 0.26)

Observation: Low leverage provides financial flexibility and reduced risk.

Analysis: Conservative debt structure offers resilience during economic downturns.

Balanced Promoter Holding (65.01%)

Observation: Optimal balance between promoter control and public float.

Analysis: Promoter holding in 50-75% range provides management alignment.

Zero Share Pledging Risk

Observation: No promoter shares pledged as collateral.

Analysis: Absence of share pledging eliminates potential forced-selling pressure.

Risk Factors

2 factors identified

Below-Average Return on Equity (6.65%)

Observation: Returns on equity are below industry benchmarks.

Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.

Limited Institutional Interest (FII+DII: 2.22%)

Observation: Low institutional participation may affect liquidity.

Analysis: Limited institutional interest may indicate size constraints or visibility issues.

Gandhar Oil Refinery India Limited vs Lubricants Peers

Peer Comparison - Lubricants

Compare Gandhar Oil Refinery India Limited with 8 other companies in the same sector

9 companies
Company Info
Fundamental
Valuation
Profitability
Financial Health
Growth
Dividend
Company
Company name
Score
Bull Run comprehensive fundamental score based on 20+ metrics
Price
Current trading price of the stock
Market Cap
Total value of all shares in the market
P/E
Price per share divided by earnings per share
ROE
Net income divided by shareholder equity
ROCE
Earnings before interest and tax divided by capital employed
Debt/Eq
Total debt divided by total equity
Profit 5Y
Average annual profit growth over 5 years
Sales 5Y
Average annual sales growth over 5 years
Dividend
Annual dividend per share divided by price per share
55.1/100
156
₹1271.36
13.6
Average
6.65%
Poor
10.59%
Average
0.3
Excellent
52.02%
Excellent
9.25%
Good
0.38%
51.4/100
184
₹18919.86
19.4
Average
41.83%
Excellent
55.16%
Excellent
0.0
Excellent
2.14%
Average
6.71%
Good
4.45%
53.6/100
906
₹5846.36
15.7
Average
25.46%
Excellent
28.30%
Excellent
0.3
Excellent
11.63%
Good
16.67%
Excellent
4.05%
54.3/100
1476
₹2873.91
14.8
Average
19.75%
Good
23.72%
Excellent
0.0
Excellent
7.17%
Good
8.40%
Good
3.27%
48.6/100
561
₹2547.16
16.7
Average
6.10%
Poor
9.84%
Poor
0.0
Excellent
1.63%
Average
13.28%
Good
1.07%
60.40000000000001/100
345
₹1789.66
9.5
Average
15.86%
Good
20.41%
Excellent
0.0
Excellent
45.41%
Excellent
22.74%
Excellent
1.68%
54.3/100
42
₹191.70
7.0
Average
8.38%
Poor
10.81%
Average
0.1
Excellent
11.21%
Good
4.23%
Average
0.00%
19/100
47
₹160.29
144.4
Average
0.0
Excellent
0.00%
67.1/100
67
₹81.04
7.3
Average
18.03%
Good
18.68%
Good
0.6
Good
28.04%
Excellent
27.76%
Excellent
0.00%

Gandhar Oil Refinery India Limited PE Ratio History

Historical price-to-earnings ratio for GANDHAR — last 5 years

YearEPS (₹)Price (₹)P/E Ratio
FY 20258.18₹154.3618.9x
FY 202416.27₹212.7213.1x
FY 202323.86₹272.9511.4x

P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.

Gandhar Oil Refinery India Limited Dividend History

Annual cash dividends paid by GANDHAR — dividend yield 0.38%

Financial YearDividends Paid (₹ Cr)
FY 20254.89 Cr
FY 20244.00 Cr
FY 202245.60 Cr

Cash dividends from annual cash flow statements. Past dividends do not guarantee future payments. Not investment advice.

Gandhar Oil Refinery India Limited Quarterly Performance

Latest quarterly metrics for GANDHAR — revenue growth and profit growth vs same quarter last year

Revenue Growth (YoY)

13.35%

Latest quarter vs same quarter previous year

Net Profit Growth (YoY)

98.24%

Latest quarter net profit vs same quarter previous year

5-Year Revenue CAGR

9.25%

Compounded annual revenue growth over 5 years

5-Year Profit CAGR

52.02%

Compounded annual net profit growth over 5 years

Gandhar Oil Refinery India Limited Technical Indicators

SMA 50, SMA 200, RSI and volume signals for GANDHAR — calculated from daily price history

65RSI 14
Neutral — RSI 65

Momentum is balanced — neither overbought nor oversold.

SMA 50
143
▲ Price above SMA 50 — Short-term bullish
SMA 200
143
▲ Price above SMA 200 — Long-term uptrend
30-Day Avg Volume
979K shares/day
Average daily traded volume over last 30 trading sessions

Technical indicators are for educational purposes only. Not investment advice.

Gandhar Oil Refinery India Limited Financial Statements

Annual income statement, balance sheet and cash flow for Gandhar Oil Refinery India Limited (GANDHAR) — sourced from NSE/BSE filings.

Loading Financial Statements...

Fetching financial data for Gandhar Oil Refinery India Limited

About GANDHAR (Gandhar Oil Refinery India Limited)

Gandhar Oil Refinery India Limited is a stalwart in the Indian lubricants industry, carving a niche for itself through the production of high-quality white oils and a diverse range... of specialty products. Rooted in a commitment to excellence, the company caters to a wide spectrum of sectors, from the everyday consumer to specialized industrial applications. Gandhar's dedication to innovation and stringent quality control measures has cemented its position as a trusted supplier, offering solutions that enhance performance and reliability across various industries. The company's strategic focus on white oils, a critical component in numerous consumer and healthcare products, showcases its understanding of market needs and its ability to meet evolving demands. Gandhar's extensive portfolio extends beyond white oils to include waxes and jellies, serving as essential ingredients in the plastics, chemical, textiles, and fragrance industries. These products are meticulously formulated to meet the specific requirements of each application, ensuring optimal performance and consistent quality. Furthermore, Gandhar manufactures a comprehensive range of lubricants, encompassing automotive and industrial oils designed to enhance the efficiency and longevity of automobiles and industrial machinery. The company's commitment to providing tailored solutions is evident in its diverse product offerings, which address the unique challenges faced by its clientele in various sectors. In addition to its core offerings, Gandhar specializes in process and insulating oils, catering to the critical needs of transformer manufacturers and the power generation and distribution industries. Transformer oils, vital for the reliable operation of electrical transformers, are produced with the utmost precision and adherence to industry standards. Rubber processing oils, another key product line, are essential for the manufacturing of rubber-based products. Gandhar's dedication to quality and innovation across its entire product range underscores its commitment to serving as a reliable partner for industries seeking high-performance specialty oils and lubricants.

Company Details

Symbol:GANDHAR
Industry:Lubricants
Sector:Lubricants

Key Leadership

Mr. Ramesh Babulal Parekh
Chairperson & MD
Mr. Samir Ramesh Parekh
Vice Chairperson & Joint MD
Mr. Aslesh Ramesh Parekh
Joint MD & Whole-Time Director

GANDHAR Share Price: Frequently Asked Questions

What is the current share price of Gandhar Oil Refinery India Limited?

Gandhar Oil Refinery India Limited (GANDHAR) trades at ₹155.79 on NSE and BSE. Market cap ₹1.27K (Cr). Educational data only.

What is the P/E ratio of Gandhar Oil Refinery India Limited?

Gandhar Oil Refinery India Limited has a P/E of 13.63x vs industry average 15.24x.

What is the Bull Run score for Gandhar Oil Refinery India Limited?

Gandhar Oil Refinery India Limited has a Bull Run score of 55.1/100 based on 25+ financial parameters.

Does Gandhar Oil Refinery India Limited pay dividends?

Gandhar Oil Refinery India Limited has a dividend yield of 0.38%. Past dividends don't guarantee future payments.

What is the ROE of Gandhar Oil Refinery India Limited?

Gandhar Oil Refinery India Limited has ROE of 6.65%. Higher ROE indicates better use of shareholder equity.

What is the debt-to-equity ratio of Gandhar Oil Refinery India Limited?

Gandhar Oil Refinery India Limited has debt-to-equity of 0.26.

Is Gandhar Oil Refinery India Limited a good investment?

Bull Run gives Gandhar Oil Refinery India Limited a score of 55.1/100. This is not investment advice — consult a SEBI-registered advisor.