GANDHAR OIL REFINE IND L (GANDHAR) financials

GANDHAR OIL REFINE IND L (GANDHAR) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Incorporated in 1992, Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end industries.[1]

Market Cap: ₹2,904Cr.
Current Price: ₹297
Stock P/E: 9.98
ROE: 11.2%
ROCE: 15.5%
Book Value: ₹133
Dividend Yield: 0.67%
52W High / Low: ₹314/115

In Jun 2026, GANDHAR OIL REFINE IND L (GANDHAR) reported sales ₹1,591 Cr and net profit ₹179 Cr.

Annual TTM: sales ₹4,250 Cr, net profit ₹291 Cr.

Shareholding: Promoters 66.60% (Jun 2026), FIIs 1.27% (Jun 2026), DIIs 1.02% (Jun 2026), Public 31.10% (Jun 2026), No. of Shareholders 1,34,265% (Jun 2026).

GANDHAR quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	761	857	752	745	807	923	929	1,591
Expenses	727	823	725	705	755	873	864	1,342
Operating Profit	35	34	26	41	52	49	66	249
OPM %	4.5%	3.9%	3.5%	5%	6%	5%	7%	16%
Other Income	3	3	4	3	4	9	5	3
Interest	8	7	9	6	6	6	5	10
Depreciation	5	5	7	6	6	6	6	6
Profit before tax	25	24	15	32	44	46	60	236
Tax %	26%	27%	28%	18%	26%	22%	26%	24%
Net Profit	18	18	11	26	32	36	44	179
EPS in Rs	1.87	1.79	1.08	2.68	3.29	3.66	4.51	18.27
Raw PDF	—	—	—	—	—	—	—	—

GANDHAR profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	2,366	1,984	2,925	2,921	2,842	3,160	3,423	4,250
Expenses	2,304	1,873	2,696	2,668	2,641	3,014	3,214	3,834
Operating Profit	62	111	229	253	201	146	208	416
OPM %	2.6%	6%	8%	9%	7%	4.6%	6%	10%
Other Income	16	7	66	25	17	15	21	22
Interest	47	35	24	39	39	34	24	27
Depreciation	11	12	12	13	15	22	25	25
Profit before tax	21	71	258	227	164	105	181	385
Tax %	13%	28%	24%	25%	27%	29%	24%	—
Net Profit	18	51	197	170	119	75	138	291
EPS in Rs	2.23	6.42	24.58	21.19	12.13	7.69	14.14	29.73
Dividend Payout %	40%	3%	0%	2%	4%	6%	5%	—

GANDHAR balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	16	16	16	16	16	20	20	20
Reserves	306	316	367	518	688	1,093	1,154	1,281
Borrowings	86	118	79	43	35	64	90	88
Other Liabilities	713	503	546	515	432	376	325	474
Total Liabilities	1,121	953	1,008	1,092	1,171	1,552	1,588	1,862
Fixed Assets	98	114	105	101	126	244	333	363
CWIP	5	12	22	43	73	8	8	29
Investments	7	2	2	2	2	2	3	6
Other Assets	1,011	824	879	945	970	1,298	1,244	1,464
Total Assets	1,121	953	1,008	1,092	1,171	1,552	1,588	1,862

GANDHAR cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	153	22	102	117	52	-83	-6	80
Cash from Investing Activity	20	3	-6	27	-40	-29	-43	-61
Cash from Financing Activity	-175	-25	-91	-115	-48	163	36	-54
Net Cash Flow	-1	0	5	30	-36	50	-12	-36
Free Cash Flow	144	6	91	87	3	-129	-60	3
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	290%	34%	95%	77%	45%	-18%	17%	55%

GANDHAR shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	64.63%	64.63%	65.01%	65.01%	65.01%	66.18%	66.47%	66.60%
FIIs	0.02%	0.62%	0.18%	0.24%	0.17%	0.34%	0.14%	1.27%
DIIs	1.84%	1.70%	1.79%	1.97%	2.05%	0.43%	0.09%	1.02%
Public	33.52%	33.05%	33.03%	32.80%	32.77%	33.05%	33.30%	31.10%
No. of Shareholders	1,67,001	1,53,263	1,50,403	1,45,648	1,41,406	1,38,347	1,39,482	1,34,265

GANDHAR key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	62	64	87	52	58	68	63	67
Inventory Days	34	32	43	37	41	43	46	66
Days Payable	91	82	110	68	56	49	38	52
Cash Conversion Cycle	5	15	20	22	43	62	71	81
Working Capital Days	14	22	31	30	53	78	88	91
ROCE %	18%	16%	23%	53%	40%	21%	11%	15%

GANDHARUpdated 17 Oct 2026, 16:29

Gandhar Oil Refine Ind L

GANDHARUpdated 17 Oct 2026, 16:29

Market Cap

₹2,904Cr.

Current Price

₹297

High / Low

₹314/115

Stock P/E

9.98

ROE11.2%

ROCE15.5%

Book Value₹133

Face Value₹2.00

Dividend Yield0.67%

About

Incorporated in 1992, Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end industries.[1]

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	698	9	638	4	4	51	25	39	4.82
Sep 2023	690	11	637	2	4	41	25	30	3.81
Dec 2023	737	11	666	2	4	58	25	44	4.46
Mar 2024	717	8	701	9	4	13	54	6	0.62
Jun 2024	790	9	739	5	5	42	32	29	2.96
Sep 2024	761	8	727	3	5	25	26	18	1.87
Dec 2024	857	7	823	3	5	24	27	18	1.79
Mar 2025	752	9	725	4	7	15	28	11	1.08
Jun 2025	745	6	705	3	6	32	18	26	2.68
Sep 2025	807	6	755	4	6	44	26	32	3.29
Dec 2025	923	6	873	9	6	46	22	36	3.66
Mar 2026	929	5	864	5	6	60	26	44	4.51
Jun 2026	1591	10	1342	3	6	236	24	179	18.27

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2018	2363	44	2242	6	9	74	33	50	6.23
Mar 2019	3027	44	2966	20	7	29	25	22	2.76
Mar 2020	2366	47	2304	16	11	21	13	18	2.23
Mar 2021	1984	35	1873	7	12	71	28	51	6.42
Mar 2022	2925	24	2696	66	12	258	24	197	24.58
Mar 2023	2921	39	2668	25	13	227	25	170	21.19
Mar 2024	2842	39	2641	17	15	164	27	119	12.13
Mar 2025	3160	34	3014	15	22	105	29	75	7.69
Mar 2026	3423	24	3214	21	25	181	24	138	14.14
TTM	4250	27	3834	22	25	385	—	291	29.73

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	66.6%
FIIs	1.27%
DIIs	1.02%
Public	31.1%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2023	64.63%	3.87%	10.72%	20.79%
Dec 2023	64.63%	2.53%	6.61%	26.24%
Mar 2024	64.63%	0.53%	3.47%	31.37%
Jun 2024	64.63%	0.18%	2.65%	32.56%
Sep 2024	64.63%	0.02%	1.84%	33.52%
Dec 2024	64.63%	0.62%	1.7%	33.05%
Mar 2025	65.01%	0.18%	1.79%	33.03%
Jun 2025	65.01%	0.24%	1.97%	32.8%
Sep 2025	65.01%	0.17%	2.05%	32.77%
Dec 2025	66.18%	0.34%	0.43%	33.05%
Mar 2026	66.47%	0.14%	0.09%	33.3%
Jun 2026	66.6%	1.27%	1.02%	31.1%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2018	16	304	283	616	1219	100	0	8	1111	1219
Mar 2019	16	306	86	713	1121	98	5	7	1011	1121
Mar 2020	16	316	118	503	953	114	12	2	824	953
Mar 2021	16	367	79	546	1008	105	22	2	879	1008
Mar 2022	16	518	43	515	1092	101	43	2	945	1092
Mar 2023	16	688	35	432	1171	126	73	2	970	1171
Mar 2024	20	1093	64	376	1552	244	8	2	1298	1552
Mar 2025	20	1154	90	325	1588	333	8	3	1244	1588
Mar 2026	20	1281	88	474	1862	363	29	6	1464	1862

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2018	190	-6	-187	-3
Mar 2019	153	20	-175	-1
Mar 2020	22	3	-25	0
Mar 2021	102	-6	-91	5
Mar 2022	117	27	-115	30
Mar 2023	52	-40	-48	-36
Mar 2024	-83	-29	163	50
Mar 2025	-6	-43	36	-12
Mar 2026	80	-61	-54	-36

Key ratios

Historical financial ratios

Category	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	82	62	64	87	52	58	68	63	67
Inventory Days	51	34	32	43	37	41	43	46	66
Days Payable	100	91	82	110	68	56	49	38	52
Cash Conversion Cycle	33	5	15	20	22	43	62	71	81
Working Capital Days	47	14	22	31	30	53	78	88	91
ROCE %	—	18%	16%	23%	53%	40%	21%	11%	15%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of GANDHAR OIL REFINE IND L (GANDHAR)?

The reported market capitalisation for GANDHAR OIL REFINE IND L (GANDHAR) is ₹2,904Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of GANDHAR?

The current price shown for GANDHAR OIL REFINE IND L (GANDHAR) on Fincrux is ₹297 with a 52-week high/low of ₹314/115.

What is the P/E ratio of GANDHAR OIL REFINE IND L (GANDHAR)?

The stock P/E for GANDHAR OIL REFINE IND L (GANDHAR) is 9.98 on Fincrux, with ROE at 11.2% and ROCE at 15.5%.

What were GANDHAR latest quarterly results?

For Jun 2026, GANDHAR OIL REFINE IND L (GANDHAR) reported sales ₹1,591 Cr and net profit ₹179 Cr (figures in ₹ crore unless noted).

What are GANDHAR annual sales and net profit?

For TTM, GANDHAR OIL REFINE IND L (GANDHAR) shows sales of ₹4,250 Cr and net profit of ₹291 Cr on the Fincrux profit & loss statement.

Who owns GANDHAR OIL REFINE IND L (GANDHAR)?

Latest shareholding for GANDHAR OIL REFINE IND L (GANDHAR) on Fincrux: Promoters 66.60% (Jun 2026), FIIs 1.27% (Jun 2026), DIIs 1.02% (Jun 2026), Public 31.10% (Jun 2026), No. of Shareholders 1,34,265% (Jun 2026).

Where can I find GANDHAR OIL REFINE IND L (GANDHAR) financials?

GANDHAR OIL REFINE IND L (GANDHAR) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show GANDHAR balance sheet and cash flow?

Yes. The GANDHAR OIL REFINE IND L (GANDHAR) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 17 October 2026 at 16:29