Share Price and Basic Stock Data

Last Updated: November 19, 2024, 5:33 pm

Market Cap	2,025 Cr.
Current Price	207
High / Low	345/182
Stock P/E	19.2
Book Value	123
Dividend Yield	0.24 %
ROCE	21.6 %
ROE	14.7 %
Face Value	2.00
PEG Ratio	-0.74

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Gandhar Oil Refinery (India) Ltd

Competitors of Gandhar Oil Refinery (India) Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Gandhar Oil Refinery (India) Ltd	2,025 Cr.	207	345/182	19.2	123	0.24 %	21.6 %	14.7 %	2.00
Continental Petroleums Ltd	53.3 Cr.	95.9	114/43.8	11.3	48.0	0.00 %	16.6 %	12.0 %	5.00
Tide Water Oil Co (I) Ltd	3,710 Cr.	2,130	2,800/1,031	24.9	475	2.44 %	23.7 %	18.0 %	2.00
Savita Oil Technologies Ltd	3,357 Cr.	485	655/315	19.2	235	0.82 %	18.7 %	12.4 %	2.00
Castrol India Ltd	18,814 Cr.	190	284/134	21.0	21.6	3.94 %	56.7 %	42.5 %	5.00
Industry Average	6,976.50 Cr	621.58		19.12	180.52	1.49%	27.46%	19.92%	3.20

All Competitor Stocks of Gandhar Oil Refinery (India) Ltd

Quarterly Result

Month	Jun 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	884	1,098	987	1,070	1,001	1,103	939	995	935
Expenses	789	1,028	940	986	925	1,018	906	934	895
Operating Profit	95	70	47	84	76	85	34	60	40
OPM %	11%	6%	5%	8%	8%	8%	4%	6%	4%
Other Income	2	16	6	1	2	2	5	5	2
Interest	10	19	14	13	15	16	14	13	11
Depreciation	4	4	5	5	5	5	6	6	6
Profit before tax	83	63	34	67	58	66	19	46	25
Tax %	21%	21%	18%	19%	18%	23%	37%	29%	26%
Net Profit	65	49	28	54	48	51	12	33	18
EPS in Rs	8.13	5.42	2.77	5.59	4.91	4.83	0.93	3.15	1.86

Last Updated: November 6, 2024, 6:42 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,756	2,169	3,568	2,504	2,221	3,543	4,079	4,113	4,038
Expenses	1,680	2,042	3,496	2,444	2,081	3,296	3,762	3,833	3,783
Operating Profit	76	127	72	60	140	247	317	280	255
OPM %	4%	6%	2%	2%	6%	7%	8%	7%	6%
Other Income	10	13	11	13	29	26	24	10	14
Interest	47	31	48	50	37	33	52	59	58
Depreciation	8	9	8	11	11	15	17	20	22
Profit before tax	31	100	27	13	120	225	272	210	189
Tax %	16%	26%	30%	24%	17%	27%	21%	21%
Net Profit	26	74	19	10	100	164	214	165	144
EPS in Rs	162.19	46.43	11.71	6.16	62.70	18.42	23.86	14.36	13.82
Dividend Payout %	1,778%	0%	85%	73%	0%	0%	2%	3%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	184.62%	-47.37%	900.00%	64.00%	30.49%	-22.90%
Change in YoY Net Profit Growth (%)	0.00%	-231.98%	947.37%	-836.00%	-33.51%	-53.39%

Gandhar Oil Refinery (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	3%
3 Years:	23%
TTM:	-4%

Compounded Profit Growth
10 Years:	%
5 Years:	51%
3 Years:	12%
TTM:	-30%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	%

Return on Equity
10 Years:	%
5 Years:	21%
3 Years:	23%
Last Year:	15%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 3:33 pm

Month	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	16	16	16	16	16	16	16	20	20
Reserves	212	285	368	330	429	525	727	1,153	1,188
Borrowings	272	326	116	146	90	191	220	271	225
Other Liabilities	374	481	771	516	566	586	668	497	637
Total Liabilities	875	1,108	1,271	1,008	1,101	1,318	1,632	1,940	2,070
Fixed Assets	74	78	99	97	88	190	238	361	352
CWIP	2	4	5	12	22	44	73	9	33
Investments	0	0	1	0	7	0	0	0	0
Other Assets	798	1,025	1,166	899	984	1,084	1,321	1,570	1,684
Total Assets	875	1,108	1,271	1,008	1,101	1,318	1,632	1,940	2,070

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	214	-26	165	70	118	167	88	-69
Cash from Investing Activity +	-10	-8	1	-24	-22	-116	-72	-66
Cash from Financing Activity +	-221	24	-176	-45	-91	-4	-29	160
Net Cash Flow	-16	-10	-11	2	5	47	-13	25

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-196.00	-199.00	-44.00	-86.00	50.00	56.00	97.00	9.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2016	Mar 2017	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	90	95	63	64	84	46	50	55
Inventory Days	54	51	30	32	38	40	47	46
Days Payable	84	81	84	82	101	63	59	38
Cash Conversion Cycle	60	65	9	14	22	22	38	63
Working Capital Days	70	75	28	41	48	32	46	74
ROCE %		23%		13%	31%	39%	37%	22%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	64.63%	64.63%	64.63%	64.63%
FIIs	3.87%	2.53%	0.53%	0.18%
DIIs	10.72%	6.61%	3.47%	2.65%
Public	20.79%	26.24%	31.37%	32.56%
No. of Shareholders	1,22,463	1,82,532	1,80,727	1,72,305

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	10.00
Basic EPS (Rs.)	16.27	23.77	18.42	12.54
Diluted EPS (Rs.)	16.27	23.77	18.42	12.54
Cash EPS (Rs.)	18.95	28.71	22.34	65.39
Book Value[Excl.RevalReserv]/Share (Rs.)	125.02	95.03	70.09	278.01
Book Value[Incl.RevalReserv]/Share (Rs.)	125.02	95.03	70.09	278.01
Revenue From Operations / Share (Rs.)	420.27	509.93	442.92	1388.13
PBDIT / Share (Rs.)	29.49	42.37	33.94	100.22
PBIT / Share (Rs.)	27.43	40.31	32.06	93.09
PBT / Share (Rs.)	21.49	33.87	28.15	70.73
Net Profit / Share (Rs.)	16.89	26.65	20.45	58.26
NP After MI And SOA / Share (Rs.)	14.36	23.77	18.42	62.70
PBDIT Margin (%)	7.01	8.30	7.66	7.21
PBIT Margin (%)	6.52	7.90	7.23	6.70
PBT Margin (%)	5.11	6.64	6.35	5.09
Net Profit Margin (%)	4.01	5.22	4.61	4.19
NP After MI And SOA Margin (%)	3.41	4.66	4.15	4.51
Return on Networth / Equity (%)	11.98	26.21	27.23	22.55
Return on Capital Employeed (%)	20.28	38.74	41.02	31.57
Return On Assets (%)	7.24	11.78	11.17	9.11
Long Term Debt / Equity (X)	0.02	0.03	0.06	0.03
Total Debt / Equity (X)	0.17	0.23	0.29	0.17
Asset Turnover Ratio (%)	2.31	2.78	2.93	0.00
Current Ratio (X)	2.52	1.61	1.53	1.55
Quick Ratio (X)	1.79	1.03	1.06	1.23
Inventory Turnover Ratio (X)	7.86	8.57	9.09	0.00
Dividend Payout Ratio (NP) (%)	2.84	0.00	30.94	0.00
Dividend Payout Ratio (CP) (%)	2.48	0.00	28.06	0.00
Earning Retention Ratio (%)	97.16	0.00	69.06	0.00
Cash Earning Retention Ratio (%)	97.52	0.00	71.94	0.00
Interest Coverage Ratio (X)	4.96	6.58	8.56	4.48
Interest Coverage Ratio (Post Tax) (X)	3.84	5.14	6.14	3.61
Enterprise Value (Cr.)	1937.66	0.00	0.00	0.00
EV / Net Operating Revenue (X)	0.47	0.00	0.00	0.00
EV / EBITDA (X)	6.71	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	0.47	0.00	0.00	0.00
Retention Ratios (%)	97.15	0.00	69.05	0.00
Price / BV (X)	1.67	0.00	0.00	0.00
Price / Net Operating Revenue (X)	0.47	0.00	0.00	0.00
EarningsYield	0.07	0.00	0.00	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Gandhar Oil Refinery (India) Ltd as of November 19, 2024 is: 347.99

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 19, 2024, Gandhar Oil Refinery (India) Ltd is Undervalued by 68.11% compared to the current share price 207.00

Intrinsic Value of Gandhar Oil Refinery (India) Ltd as of November 19, 2024 is: 257.17

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 19, 2024, Gandhar Oil Refinery (India) Ltd is Undervalued by 24.24% compared to the current share price 207.00

Last 5 Year EPS CAGR: -26.10%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 20.63%, which is a positive sign. The company has higher reserves (579.67 cr) compared to borrowings (206.33 cr), indicating strong financial stability. The company has shown consistent growth in sales (2.78 cr) and profit (131.89 cr) over the years.	The stock has a high average Working Capital Days of 51.75, which may not be favorable. The stock has a high average Cash Conversion Cycle of 36.63, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Gandhar Oil Refinery (India) Ltd:
1. Net Profit Margin: 4.01%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 20.28% (Industry Average ROCE: 27.46%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 11.98% (Industry Average ROE: 19.92%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.84
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.79
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 19.2 (Industry average Stock P/E: 19.12)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.17
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Lubricants

INDUSTRY	ADDRESS	CONTACT
DLH Park, 18th Floor, Mumbai Maharashtra 400062	Mr.	Ramesh%20Babulal%20Parekh Chairman%20&%20Managing%20Director

Management
Name	Position Held
Mr. Samir Ramesh Parekh	Vice Chairman & Jt Manag. Dir.
Mr. Aslesh Ramesh Parekh	Joint Managing Director
Mr. Raj Kishore Singh	Independent Director
Ms. Amrita Nautiyal	Independent Director
Ms. Deena Asit Mehta	Independent Director

FAQ

What is the latest intrinsic value of Gandhar Oil Refinery (India) Ltd?

The latest intrinsic value of Gandhar Oil Refinery (India) Ltd as on 19 November 2024 is ₹347.99, which is 68.11% higher than the current market price of ₹207.00.

What is the Market Cap of Gandhar Oil Refinery (India) Ltd?

The Market Cap of Gandhar Oil Refinery (India) Ltd is 2,025 Cr..

What is the current Stock Price of Gandhar Oil Refinery (India) Ltd as on 19 November 2024?

The current stock price of Gandhar Oil Refinery (India) Ltd as on 19 November 2024 is ₹207.

What is the High / Low of Gandhar Oil Refinery (India) Ltd stocks in FY 2024?

In FY 2024, the High / Low of Gandhar Oil Refinery (India) Ltd stocks is 345/182.

What is the Stock P/E of Gandhar Oil Refinery (India) Ltd?

The Stock P/E of Gandhar Oil Refinery (India) Ltd is 19.2.

What is the Book Value of Gandhar Oil Refinery (India) Ltd?

The Book Value of Gandhar Oil Refinery (India) Ltd is 123.

What is the Dividend Yield of Gandhar Oil Refinery (India) Ltd?

The Dividend Yield of Gandhar Oil Refinery (India) Ltd is 0.24 %.

What is the ROCE of Gandhar Oil Refinery (India) Ltd?

The ROCE of Gandhar Oil Refinery (India) Ltd is 21.6 %.

What is the ROE of Gandhar Oil Refinery (India) Ltd?

The ROE of Gandhar Oil Refinery (India) Ltd is 14.7 %.

What is the Face Value of Gandhar Oil Refinery (India) Ltd?

The Face Value of Gandhar Oil Refinery (India) Ltd is 2.00.