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Gandhar Oil Refinery (India) share price & results

Gandhar Oil Refinery (India) Limited· Oil, Gas & Consumable Fuels· Energy

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

India's largest white oil maker, running 3 plants across India and the UAE, exporting to 100+ countries.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue1,732 ₹ crore+91.8% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin16.0 %+11.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit206 ₹ crore+692.3% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity23.24 %+3.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin3.02 %+2.6 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)32.77 %+14.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

3 of 7 judged targets kept · 8 open · verdicts reflect calls analysed to Q1 FY27.

Gandhar Oil Refinery (India) Limited management guidance track record on Inve: 15 targets tracked across analysed earnings calls (3 achieved, 4 missed, 8 open).

TargetOriginal wordingSaidLatest callVerdict
EBITDA MarginHigh single digit or double digit EBITDA margins going forward
Call transcript, Q4 FY25 · 23 May 2025		Q4 FY25Q1 FY27:Q1 FY27 EBITDA margin was 16.2%, which meets the original 'double digit' target, far exceeding the diluted guidance.
Call transcript, Q1 FY27 · 28 Jul 2026		Achieved
Volume Growth10%-12% volume growth for FY26
Call transcript, Q4 FY25 · 23 May 2025		Q4 FY25Q1 FY27:Promise period (FY26) is over. The final verdict remains 'missed'.
Call transcript, Q1 FY27 · 28 Jul 2026		Missed
Texol UAE Full Capacity Utilization1.5 years to 2 years to reach full capacity utilization
Call transcript, Q2 FY26 · 14 Nov 2025		Q2 FY26Q1 FY27:Management noted Texol was 'temporarily impacted' by geopolitical issues. No new timeline for full utilization was provided, continuing the delay.
Call transcript, Q1 FY27 · 28 Jul 2026		Delayed

Source: Inve Guidance Tracker for Gandhar Oil Refinery (India) Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

4 of Gandhar Oil Refinery (India) Limited's 15 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 12 more targets are in the full ledger.

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Price

₹314.9 +4.88% · +₹14.65

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +129.9% 1Y

₹150₹200₹250₹300Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q3 FY26 — 3 Feb 2026Q4 FY26 — 27 May 2026Q1 FY27 — 28 Jul 2026

1Y: ₹137 on 24 Oct 2025 → ₹314.9. High ₹314.9 (27 Oct 2026), low ₹116.79 (30 Mar 2026).

Previous close
₹300.25
Market cap
₹3.1k Cr
52-week range
₹116.79 – ₹314.9
One year
+130.14%
Price to earnings (TTM to Jun 2026)
10.23×
Return on equity (TTM to Jun 2026)
23.24%

Overview

Symbol
NSE:GANDHAR
Industry
Energy
Exchange
NSE
Currency
INR

What Gandhar Oil Refinery (India) Limited does

Based on the company's own presentations, annual report and earnings calls.

Gandhar Oil Refinery manufactures and sells specialty white oils, waxes, petroleum jelly, lubricants and process oils used across personal care, healthcare, pharmaceutical, automotive, rubber, plastics and power sectors. It operates three manufacturing facilities — two in Taloja and Silvassa (India) and one in Sharjah (UAE) — with a combined installed capacity of 597,403 kL, supported by an in-house DSIR-recognised R&D centre in Silvassa. Products are sold under the Divyol brand to consumer, industrial and channel-partner customers including P&G, Unilever, Marico, Dabur and Emami, both domestically and across export markets in 100+ countries.

Segments

  • PHPO (Personal Care, Healthcare & Performance Oils)
  • Lubricants
  • PIO (Process/Industrial Oils)
  • Channel Partners
Manufacturing facilities
3 plants — Taloja & Silvassa (India), Sharjah (UAE)
Total installed manufacturing capacity
597,403 kL/year
Market position in India
#1 white oil manufacturer in India
Global market position
Among the top 5 white oil players globally
Export footprint
100+ countries across 6 continents
Customer base
3,500+ customers, over 70% repeat business
Founded 1992Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q1 FY27
−3.1%
28 Jul
Q4 FY26
+0.2%
27 May
Q3 FY26
+3.3%
3 Feb
Q2 FY26
−2.3%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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