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    Gandhar Oil Refinery (India) Limited

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

    Oil, Gas & Consumable Fuels
    Energy
    View GANDHAR earnings calls
    ₹180.26
    +19.79% from avg

    Overview

    Price

    ₹180.26

    Market Cap

    ₹2.8k Cr

    Sector

    Oil, Gas & Consumable Fuels

    Energy

    Rank

    1

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital1616161620202020
    Reserves3304295257271.2k1.2k1.3k1.3k
    Borrowings14690191220271305331315
    Other Liabilities516566586668497418575558
    Total Liabilities1.0k1.1k1.3k1.6k1.9k2.0k2.2k2.2k
    AssetsFixed Assets9788190238361450456498
    CWIP12224473983229
    Investments07000033
    Other Assets8999841.1k1.3k1.6k1.5k1.7k1.7k
    Total Assets1.0k1.1k1.3k1.6k1.9k2.0k2.2k2.2k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating1657011816788-6915128
    Cash from Investing1-24-22-116-72-66-48-62
    Cash from Financing-176-45-91-4-2916013-88
    SummaryCapital Expenditure
    Free Cash Flow154541085132-125-4348
    FCF Margin

    Valuation

    Too capital-hungry for an earnings DCF

    For capital-heavy businesses (telecom, power, heavy manufacturing) reported profit ignores the cash needed just to stand still. We'd systematically overvalue it, so we don't show a number.

    GANDHAR · CAPITAL_INTENSIVE

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