Gandhar Oil Refinery (India) Limited

BSE: GANDHAR544029ISIN INE717W01049

Energy
Lubricants
BSE Energy

BSE listing

Share price

₹276.40+6.90 (+2.56%)

as of 18 Sep 2026

52W high: ₹303.20
52W low: ₹116.00
Off 52W high: -8.84%
1M return: +10.45%
3M return: +53.30%
6M return: +109.63%
1Y return: +85.25%
20D avg volume: 64,894
50 DMA: ₹246.07
200 DMA: ₹172.85

Key ratios Consolidated

Market cap: ₹2,705 Cr
Current price: ₹276.40
52W high / low: ₹303.20 / ₹116.00
Face value: ₹2.00
P/E: 8.53
P/B: —
EPS (TTM): ₹32.39
Book value / share: —
ROE: —
ROCE: 13.80%
Operating margin: —
Net margin: —
Debt / equity: 0.12
Net debt: ₹140.30 Cr
Interest cover: 5.80
Dividend yield: 0.99%
Dividend / share (TTM): ₹2.75
Payout: 8.49%
Cash conversion cycle: 79.8 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	1,732	1,093	1,167	1,060	902.96	961.73	—
	3.02	4.20	3.58	2.95	2.69	3.54	—
	1,471	1,045	1,126	1,012	873.88	948.50	—
	1,382	920.13	1,039	952.05	808.78	838.68	—
	0.67	8.54	40.99	4.56	0.00	6.54	—
	11.91	23.23	13.01	11.75	11.51	19.13	—
	12.74	7.61	10.10	10.27	9.61	13.51	—
	7.84	7.66	7.46	7.49	7.26	6.84	—
	77.31	49.76	37.13	44.60	43.76	60.28	—
	263.76	52.48	45.14	51.03	31.78	16.77	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	263.76	52.48	45.14	51.03	31.78	16.77	—
	57.86	15.43	10.81	11.37	5.69	4.48	—
	205.90	37.05	34.33	39.77	26.09	12.29	—
	19.65	4.16	3.31	3.68	2.68	1.19	—
Key metrics
	284.34	67.75	62.70	68.79	48.65	37.12	—
	16.40%	6.20%	5.40%	6.50%	5.40%	3.90%	—
	11.90%	3.40%	2.90%	3.80%	2.90%	1.30%	—
	—	3.80%	—	4.00%	—	2.10%	—
	91.80%	13.70%	—	—	—	—	—
	689.20%	201.50%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	5,052	4,241	3,897	—
	13.75	13.42	13.00	—
	4,654	4,074	3,796	—
	4,293	3,719	3,423	—
	54.76	54.08	60.54	—
	59.90	59.50	53.14	—
	40.72	37.59	48.39	—
	30.45	29.87	25.90	—
	208.80	193.13	198.33	—
	412.41	180.43	114.35	—
	0.00	0.00	0.00	—
	412.41	180.43	114.35	—
	95.47	43.29	30.74	—
	317.05	137.25	83.50	—
	30.80	13.83	8.18	—
Key metrics
	483.58	247.89	188.64	—
	9.57%	5.80%	4.80%	—
	6.28%	3.20%	2.10%	—
	—	13.80%	11.20%	—
	—	8.80%	—	—
	—	64.40%	—	—
	—	48.01	-42.93	—
	—	0.93	0.18	—
	—	0.12	0.14	—
	—	140.30	130.99	—
	—	79.8	76.6	—
Balance sheet
	—	2,225	1,959	—
	—	1,673	1,489	—
	—	28.16	50.60	—
	—	720.88	670.37	—
	—	644.31	462.70	—
	—	159.13	178.48	—
	—	373.84	337.72	—
	—	437.22	314.68	—
	—	640.64	511.86	—
	—	168.46	181.59	—
	—	137.15	153.23	—
	—	31.31	28.36	—
	—	1,400	1,289	—
Cash flow
	—	127.77	14.71	—
	—	-62.15	-48.10	—
	—	-88.05	12.55	—
	—	79.76	57.64	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	1,591	929.38	922.60	807.27	745.44	751.75	—
	3.42	5.43	9.28	3.52	3.20	3.85	—
	1,358	875.27	885.85	767.26	716.82	741.01	—
	1,276	771.21	801.81	738.30	667.72	641.89	—
	1.55	8.71	41.03	4.56	1.08	7.42	—
	8.35	19.43	8.98	7.51	7.53	15.55	—
	9.90	5.25	6.28	6.03	5.96	9.14	—
	6.43	6.29	6.14	6.15	6.08	6.55	—
	71.20	39.12	26.58	32.89	35.23	52.16	—
	236.36	59.54	46.03	43.53	31.82	14.59	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	236.36	59.54	46.03	43.53	31.82	14.59	—
	57.54	15.41	10.23	11.31	5.60	4.06	—
	178.82	44.13	35.80	32.22	26.23	10.53	—
	18.27	4.51	3.66	3.29	2.68	1.08	—
Key metrics
	252.69	71.08	58.45	55.71	43.86	30.28	—
	15.90%	7.60%	6.30%	6.90%	5.90%	4.00%	—
	11.20%	4.70%	3.90%	4.00%	3.50%	1.40%	—
	—	4.60%	—	3.70%	—	1.90%	—
	113.40%	23.60%	—	—	—	—	—
	581.70%	319.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	4,250	3,423	3,160	—
	21.65	21.44	14.86	—
	3,886	3,263	3,070	—
	3,588	2,979	2,754	—
	55.85	55.37	76.36	—
	44.27	43.45	37.15	—
	27.46	23.52	33.12	—
	25.01	24.66	21.82	—
	169.79	151.70	163.35	—
	385.46	180.93	105.45	—
	0.00	0.00	0.00	—
	385.46	180.93	105.45	—
	94.49	42.54	30.16	—
	290.97	138.39	75.29	—
	29.73	14.14	7.69	—
Key metrics
	437.93	229.11	160.39	—
	10.30%	6.70%	5.10%	—
	6.85%	4.00%	2.40%	—
	—	14.60%	10.90%	—
	—	8.30%	—	—
	—	83.80%	—	—
	—	3.17	-60.12	—
	—	0.57	-0.08	—
	—	0.00	0.00	—
	—	-4.45	-40.16	—
	—	78.7	69.9	—
Balance sheet
	—	1,862	1,588	—
	—	1,408	1,196	—
	—	4.45	40.16	—
	—	631.37	548.47	—
	—	528.06	344.12	—
	—	141.43	166.41	—
	—	282.67	245.61	—
	—	421.43	286.84	—
	—	465.08	317.08	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	1,300	1,174	—
Cash flow
	—	79.50	-5.72	—
	—	-61.17	-42.56	—
	—	-54.04	35.88	—
	—	76.33	54.40	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 66.61%

Holder	Type	Holding	Previous	Change
Ramesh Babulal Parekh	Promoter	28.75%	—	—
Gulab Jitendra Parekh	Promoter Group	8.74%	—	—
Padmini Kailash Parekh	Promoter Group	8.73%	—	—
Sunita Rameshkumar Parekh	Promoter Group	2.76%	—	—
Rajiv Jitendra Parekh	Promoter Group	2.17%	—	—
Saurabh Ramesh Parekh	Promoter Group	2.09%	—	—
Samir Ramesh Parekh	Promoter	1.98%	—	—
Aslesh Rameshkumar Parekh	Promoter	1.97%	—	—
Kunal Kailash Parekh	Promoter Group	1.97%	—	—
Gandhar Coals & Mines Private Limited	Promoter Group	1.72%	—	—
Pooja Nishant Shah	Promoter Group	1.58%	—	—
Divya Binit Shah	Promoter Group	1.58%	—	—
Sharmishtha Samir Parekh	Promoter Group	0.77%	—	—
Alka Rajivkumar Parekh	Promoter Group	0.77%	—	—
Dimple Aslesh Parekh	Promoter Group	0.51%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

Scrutinizer''s report for the 34th Annual General Meeting (AGM) of the Company held on Friday, September 11, 2026.11 Sep 2026 · AGM/EGM / AGM
Proceedings of 34th Annual General Meeting of the Company held on Friday, September 11, 2026.11 Sep 2026 · AGM/EGM / AGM
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Babulal Parekh10 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Ramesh Parekh10 Sep 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
The Company had informed that in continuation to intimation 26th May, 2026, 13th August, 2026 and pursuant to Regulation 30 of SEBI (LODR) Regulation, 2015, the Company has entered into ....4 Sep 2026 · Company Update / General
Pursuant to Regulation 30 of SEBI (LODR), 2015, the officials of the company will be meeting Investors/Analysts (Participants) on September 7th, 2026 e. i. Monday at 03:00 p.m. in -person ....1 Sep 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (LODR) Regulations, 2015 we would like to inform that CRISIL Ratings Limited has assigned Credit ratings ....1 Sep 2026 · Company Update / Credit Rating
Pursuant to Regulation 30 read with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and in compliance with section 108 of the Comapnies Act, ....20 Aug 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 34(2)(f) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, please find enclosed herewith ....19 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find attached herewith Annual report for Financial year 2025-26 along with Notice of 34th AGM of the Company scheduled to be held on Friday, September 11, 2026 at 11:00 A.M. (IST) ....19 Aug 2026 · Others / Reg. 34 (1) Annual Report
Please find attached herewith Annual Report for Financial Year 2025-26 along with Notice of 34th AGM of the Company scheduled to be held on Friday, September 11, 2026 at 11:00 A.M. (IST) ....19 Aug 2026 · AGM/EGM / AGM
Pursuant to Regulation 44 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Voting Results of the ....18 Aug 2026 · AGM/EGM / Postal Ballot
Pursuant to Regulation 44 of the Securities and Exchange of Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the Voting Results of ....18 Aug 2026 · AGM/EGM / Postal Ballot
Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''SEBI Listing Regulations'') and in compliance with Ministry of Corporate ....18 Aug 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and DIsclosure Requirements) Regulations, 2015 (''SEBI Listing Regulations'') and in compliance with Ministry of Corporate ....17 Aug 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (''SEBI Listing Regulations'') and in compliance with Ministry of Corporate ....17 Aug 2026 · Company Update / Newspaper Publication
The Company has informed the Exchange pursuant to Regulation 30 of SEBI (LODR), 2015 and in continuation to the intimation dated 26th May, 2026 the Company has entered into purchase agreement ....13 Aug 2026 · Company Update / General
This is in continuation to our earlier intimation dated July 24, 2026 submitted to stack exchanges and Pursuant to regulation 30 of SEBI (LODR) regulations, 2015 regarding the impact on ....4 Aug 2026 · Company Update / General
pursuant to Regulations 30 of the Listing Regulations, please note that the Transcript Link for the earning call with the Analysts/Investors on the Un-Audited Financial Results of the Company ....28 Jul 2026 · Company Update / Earnings Call Transcript
Pursuant to the declaration of interim dividend by the Board of Directors of the Company at its Board meeting held on July 22nd, 2026, the Company has sent the enclosed email communication ....27 Jul 2026 · Company Update / General
Intimation pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Impact on Operations due to flooding caused by unprecedented heavy ....24 Jul 2026 · Company Update / General
With reference to our letter dated July 18th, 2026 and Pursuant to regulation 30 of SEBI (LODR) regulations, 2015, please find the audio link for the earnings call with analyst/investors ....23 Jul 2026 · Company Update / Analyst / Investor Meet
Pursuant to Regulation 47 of the SEBI (LODR), 2015 we hereby enclose the copy of newspaper "The Economic Times" (English - National Daily Mumbai Edition)" and "Sakal" (Marathi Edition)" ....23 Jul 2026 · Company Update / Newspaper Publication
Pursuant to Regulation 47 of the SEBI (LODR), 2015 we hereby enclose the copy of newspaper "The Economic Times" (English - National Daily Mumbai Edition)" and "Sakal" (Marathi Edition)" ....23 Jul 2026 · Company Update / Newspaper Publication
Press Release for quarter ended June 30, 202622 Jul 2026 · Company Update / Press Release / Media Release
Investor Presentation on the Unaudited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 202622 Jul 2026 · Company Update / Investor Presentation
Appointment of Mr. Shyam Chandrabhan Agrawal as an Additional (Non - Executive Independent Director) of the Company for a term of Five (5) consecutive years.22 Jul 2026 · Company Update / Change in Directorate
Declaration of an Interim Dividend of Rs.2 per equity share of the Company (i.e. 100% of the face value of Rs.2/- each of equity share) for the financial year 2026-27. Further the record ....22 Jul 2026 · Corp. Action / Dividend
The Record date for determining entitlement of the members to the Interim Dividend has been fixed as July 31, 202622 Jul 2026 · Corp. Action / Record Date
Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Change in Composition of Risk Management Committee of the Board22 Jul 2026 · Company Update / General
The Board approved Alteration of Other Object Clause of Memorandum of Association22 Jul 2026 · Company Update / Amendments to Memorandum & Articles of Association
Appointment of Mr. Shyam Chandrabhan Agrawal as an Additional (Non - Executive Independent Director) of the Company for a term of five (5) consecutive years.22 Jul 2026 · Company Update / Change in Directorate
The Record date for determining entitlement of the members to the Interim dividend has been fixed as July 31, 202622 Jul 2026 · Corp. Action / Record Date
The record date for determining entitlement of the members to the interim dividend has been fixed as July 31, 202622 Jul 2026 · Corp. Action / Record Date
Declaration of an Interim Dividend of Rs.2/- per equity share of the Cmpany (i.e.100% of face value of Rs.2 each of equity shares) for Financail Year 2026-27. Further the Record date for ....22 Jul 2026 · Corp. Action / Dividend
Declaration of an Interim Dividend of Rs.2 per equity share of the Company (i.e. 100% of the face value of Rs.2/- each of equity share) for the financial year 2026-27. Further the record ....22 Jul 2026 · Corp. Action / Dividend
Financial Results for quarter ended June 30, 2026 were approved in the Board meeting held on July 22, 202622 Jul 2026 · Result / Financial Results
Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we hereby inform ....22 Jul 2026 · Board Meeting / Outcome of Board Meeting
Pursuant to Regulation 30 of SEBI (LODR),2015 and in continuation of our intimation dated July 18, 2026, please find the revised intimation regarding an earnings call with the Analyst/Investors ....20 Jul 2026 · Company Update / Analyst / Investor Meet
Pursuant to regulation 30 of the SEBI (LODR), 2015, we hereby inform you that the company has scheduled an earnings call with the Analyst/Investors on Thursday, July 23, 2026 at 11.00 a.m. ....18 Jul 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 2.0000	31 Jul 2026	31 Jul 2026	—
Interim Dividend - Rs. - 0.7500	30 Jan 2026	30 Jan 2026	—
Final Dividend - Rs. - 0.5000	1 Aug 2025	1 Aug 2025	—
Final Dividend - Rs. - 0.5000	23 Aug 2024	23 Aug 2024	—

Board meetings

22 Jul 2026 Board Meeting - Financial Results