Gandhar Oil Refinery (India) Ltd (GANDHAR) — shareholding pattern, promoter holding, financials and share price
About Gandhar Oil Refinery (India) Ltd (GANDHAR)
Gandhar Oil Refinery (India) Ltd operates in the Lubricants industry, within the Oil, Gas & Consumable Fuels sector. It trades on the NSE as GANDHAR and on the BSE under scrip code 544029. Its ISIN is INE717W01049.
Incorporated in 1992, Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end industries. [1]
Gandhar Oil Refinery (India) Limited is a leading manufacturer of white oils, offering a diversified range of specialty oils and lubricants under the brand 'Divyol'. It caters to industries such as consumer, healthcare, automotive, and power generation.
The company's largest business division, PHPO, contributes significantly to its revenues, focusing on personal care and healthcare products. In FY25, PHPO accounted for approximately 47.3% of the finished goods sold.
Listed peers in Lubricants: Gulf Oil Lubricants India Ltd, Savita Oil Technologies Ltd, Panama Petrochem Ltd, Veedol Corporation Ltd, GP Petroleums Ltd, Greenhitech Ventures Ltd.
Valuation & Returns
10 Jul 2026At ₹202 a share on 10 Jul 2026, Gandhar Oil Refinery (India) Ltd (GANDHAR) was valued at a price-to-earnings ratio of 14.41x against an industry P/E of 13.27x and a price-to-book of 1.6x on a book value of ₹126.29 per share as of Mar 2025. Solomo computes return on equity of 11.1% and return on capital employed of 14.16% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 14.41x
- Industry P/E
- 13.27x
- P/B
- 1.6x
- EPS (TTM)
- ₹14.02
- Book value / share
- ₹126.29
- ROE
- 11.1%
- ROCE
- 14.16%
- ROA
- 7.01%
- Debt / equity
- 0.25x
- Dividend yield
- 0.62%
- EBITDA margin
- 5.87%
- 52-week range
- ₹116 – ₹209.7
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Gandhar Oil Refinery (India) Ltd (GANDHAR) reported revenue of ₹4,241 crore, net profit of ₹137 crore and earnings per share of ₹13.83. That compares with revenue of ₹3,897 crore and net profit of ₹83 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹1,093 crore and net profit ₹37 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 3,543 | 4,079 | 4,113 | 3,897 | 4,241 |
| Net profit (₹ cr) | 164 | 214 | 165 | 83 | 137 |
| EPS (₹) | 18.42 | 23.86 | 14.36 | 8.18 | 13.83 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 5.96% | 2.62% | -5.26% |
| Profit growth | 33.40% | -27.38% | -49.49% |
| Stock price CAGR | - | - | 23% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 66.6% of Gandhar Oil Refinery (India) Ltd (GANDHAR) (up 0.13 pp QoQ), foreign institutional investors (FII) hold 1.28% and domestic institutional investors (DII) hold 1.02%. Market capitalisation was ₹1,977 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2023.
Largest disclosed public shareholders in Jun 2026: HUF 1.28%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 66.6% | - | 1.28% | 1.02% | 33.4% |
| Mar 2026 | 66.47% | - | 0.14% | 0.09% | 33.53% |
| Dec 2025 | 66.18% | - | 0.35% | 0.43% | 33.82% |
| Sep 2025 | 65.01% | - | 0.17% | 2.05% | 34.99% |
| Jun 2025 | 65.01% | - | 0.24% | 1.96% | 34.99% |
| Mar 2025 | 65.01% | - | 0.18% | 1.78% | 34.99% |
| Dec 2024 | 64.63% | - | 0.62% | 1.7% | 35.37% |
| Sep 2024 | 64.63% | - | 0.02% | 1.84% | 35.37% |