Gujarat Natural Resources Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Gujarat Natural Resources Ltd?

Gujarat Natural Resources Ltd is trading at 91.60 as of 14 April 2026, with a FY2026-2027 high of 114 and low of 30.5. The stock is currently in the middle of its 52-week range. Market cap stands at 1,176 Cr..

Q: Is Gujarat Natural Resources Ltd financially healthy?

Key indicators: ROCE of 0.56 % is on the lower side. Dividend yield is 0.00 %.

Q: Is Gujarat Natural Resources Ltd profitable and how is the profit trend?

Gujarat Natural Resources Ltd reported a net profit of -4 Cr in Mar 2025 on revenue of 20 Cr. Compared to -4 Cr in Mar 2022, the net profit shows a mixed trend.

Fair Value

₹53.49Overvalued by 41.60%vs CMP ₹91.60

P/E (162.0) × ROE (2.9%) × BV (₹14.10) × DY (2.00%)

₹24.15Overvalued by 73.64%vs CMP ₹91.60

MoS: -279.3% (Negative)Confidence: 63/100 (Moderate)Models: All 7: Overvalued

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹60.76	29%	Over (-33.7%)
Graham Number	Earnings	₹13.45	17%	Over (-85.3%)
DCF	Cash Flow	₹10.12	17%	Over (-89%)
Net Asset Value	Assets	₹14.11	9%	Over (-84.6%)
EV/EBITDA	Enterprise	₹5.59	11%	Over (-93.9%)
Earnings Yield	Earnings	₹5.70	9%	Over (-93.8%)
Revenue Multiple	Revenue	₹2.34	7%	Over (-97.4%)
Consensus (7 models)		₹24.15	100%	Overvalued

Key Drivers: P/E of 162 makes PE-ROE unreliable — asset/earnings models are better benchmarks. | ROE 2.9% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.6%

*Investments are subject to market risks

Investment Snapshot

Gujarat Natural Resources Ltd scores 49/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health42/100 · Moderate

ROCE 0.6% WeakROE 2.9% WeakD/E 0.22 Low debtInterest Coverage 0.0x RiskyProfitable 0/5 years Inconsistent

Smart Money60/100 · Moderate

FII holding up 0.68% (6mo) Slight increasePromoter holding at 2.3% Stable

Earnings Quality55/100 · Moderate

OPM expanding (-1% → 14%) ImprovingWorking capital: 1,386 days Capital intensive

Quarterly Momentum60/100 · Moderate

Revenue (4Q): 0% YoY FlatOPM: 48.5% (up 45.8% YoY) Margin expansion

Industry Rank30/100 · Weak

P/E 162.0 vs industry 93.4 Premium to peersROCE 0.6% vs industry 10.6% Below peersROE 2.9% vs industry 9.9% Below peers3Y sales CAGR: 34% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 4:44 am

Market Cap	1,176 Cr.
Current Price	91.6
Intrinsic Value	₹24.15
High / Low	114/30.5
Stock P/E	162
Book Value	14.1
Dividend Yield	0.00 %
ROCE	0.56 %
ROE	2.87 %
Face Value	10.0
PEG Ratio	11.93

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Gujarat Natural Resources Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Gujarat Natural Resources Ltd	1,176 Cr.	91.6	114/30.5	162	14.1	0.00 %	0.56 %	2.87 %	10.0
Deep Energy Resources Ltd	999 Cr.	312	/	694	121	0.00 %	0.39 %	0.35 %	10.0
Jindal Drilling & Industries Ltd	1,378 Cr.	476	887/440	7.12	511	0.21 %	13.8 %	11.1 %	5.00
Selan Explorations Technology Ltd	881 Cr.	580	969/475	13.4	309	0.00 %	22.8 %	17.2 %	10.0
Dolphin Offshore Enterprises (India) Ltd	1,612 Cr.	403	506/297	31.8	75.5	0.00 %	14.7 %	18.7 %	1.00
Industry Average	37,995.83 Cr	387.82		93.43	600.59	1.02%	10.56%	9.87%	6.85

All Competitor Stocks of Gujarat Natural Resources Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	3.26	3.36	6.13	7.00	6.42	7.84	6.41	4.93	4.38	4.33	3.35	8.65	7.32
Expenses	2.73	3.37	3.38	7.37	4.17	6.95	3.85	3.23	4.26	7.18	3.08	3.81	3.77
Operating Profit	0.53	-0.01	2.75	-0.37	2.25	0.89	2.56	1.70	0.12	-2.85	0.27	4.84	3.55
OPM %	16.26%	-0.30%	44.86%	-5.29%	35.05%	11.35%	39.94%	34.48%	2.74%	-65.82%	8.06%	55.95%	48.50%
Other Income	0.16	-1.36	0.07	0.37	0.35	-0.47	0.08	0.09	0.09	2.53	3.38	1.32	2.01
Interest	0.50	1.36	0.06	0.66	0.64	1.26	0.07	0.66	1.24	1.56	0.60	0.57	0.61
Depreciation	2.17	-1.91	1.56	2.40	1.19	2.38	1.69	1.58	1.57	0.36	1.13	1.25	1.29
Profit before tax	-1.98	-0.82	1.20	-3.06	0.77	-3.22	0.88	-0.45	-2.60	-2.24	1.92	4.34	3.66
Tax %	0.00%	57.32%	0.00%	-1.96%	10.39%	-13.98%	9.09%	0.00%	0.00%	-29.02%	0.00%	11.75%	16.12%
Net Profit	-1.98	-1.28	1.20	-3.01	0.70	-2.77	0.80	-0.46	-2.59	-1.59	1.93	3.84	3.07
EPS in Rs	-0.15	-0.10	0.09	-0.23	0.05	-0.22	0.06	-0.04	-0.20	-0.12	0.15	0.30	0.24

Last Updated: March 3, 2026, 9:22 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 6:50 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	12.98	13.90	10.06	8.46	7.48	7.93	10.71	8.10	8.39	13.31	27.40	20.05	23.65
Expenses	8.30	7.41	6.43	6.03	6.17	5.38	9.05	7.95	9.22	12.31	21.86	18.52	17.84
Operating Profit	4.68	6.49	3.63	2.43	1.31	2.55	1.66	0.15	-0.83	1.00	5.54	1.53	5.81
OPM %	36.06%	46.69%	36.08%	28.72%	17.51%	32.16%	15.50%	1.85%	-9.89%	7.51%	20.22%	7.63%	24.57%
Other Income	3.70	7.01	2.74	1.40	4.13	0.21	-24.62	1.07	0.60	-1.08	0.31	2.79	9.24
Interest	1.25	5.30	2.50	0.70	0.70	0.65	0.45	1.24	0.81	2.58	2.63	3.53	3.34
Depreciation	2.70	5.19	3.60	2.33	4.49	4.66	4.21	4.13	3.36	3.07	7.53	5.20	4.03
Profit before tax	4.43	3.01	0.27	0.80	0.25	-2.55	-27.62	-4.15	-4.40	-5.73	-4.31	-4.41	7.68
Tax %	0.68%	0.00%	-11.11%	47.50%	36.00%	-9.02%	-0.62%	0.96%	-7.05%	8.20%	-9.98%	-14.74%
Net Profit	4.40	3.01	0.30	0.42	0.16	-2.33	-27.46	-4.19	-4.09	-6.20	-3.88	-3.76	7.25
EPS in Rs	0.71	0.49	0.05	0.07	0.03	-0.38	-3.05	-0.47	-0.32	-0.48	-0.30	-0.29	0.57
Dividend Payout %	76.88%	12.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-31.59%	-90.03%	40.00%	-61.90%	-1556.25%	-1078.54%	84.74%	2.39%	-51.59%	37.42%	3.09%
Change in YoY Net Profit Growth (%)	0.00%	-58.44%	130.03%	-101.90%	-1494.35%	477.71%	1163.28%	-82.35%	-53.98%	89.01%	-34.33%

Gujarat Natural Resources Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	4%
5 Years:	13%
3 Years:	34%
TTM:	-39%

Compounded Profit Growth
10 Years:	%
5 Years:	-20%
3 Years:	3%
TTM:	37%

Stock Price CAGR
10 Years:	1%
5 Years:	45%
3 Years:	74%
1 Year:	332%

Return on Equity
10 Years:	-3%
5 Years:	-4%
3 Years:	-3%
Last Year:	-3%

Last Updated: September 5, 2025, 3:40 pm

Balance Sheet

Last Updated: February 1, 2026, 2:55 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	38.75	38.75	38.75	38.75	38.75	38.75	56.25	56.25	80.25	80.25	80.25	128.40	128.40
Reserves	49.64	50.64	50.94	50.99	47.25	57.78	41.24	49.62	37.71	32.80	28.85	24.94	52.74
Borrowings	8.00	15.10	19.19	19.48	43.40	22.85	17.23	24.30	20.22	35.86	40.74	11.72	9.00
Other Liabilities	47.64	46.01	35.54	35.20	26.00	24.27	24.41	19.21	17.65	13.94	9.67	8.41	22.19
Total Liabilities	144.03	150.50	144.42	144.42	155.40	143.65	139.13	149.38	155.83	162.85	159.51	173.47	212.33
Fixed Assets	39.80	35.32	34.54	49.70	45.45	41.54	42.32	41.27	38.43	45.91	55.94	51.33	53.54
CWIP	43.67	55.87	58.54	42.88	42.33	42.37	38.05	38.16	38.66	39.21	20.98	22.42	38.86
Investments	0.00	0.00	5.67	15.10	18.75	18.75	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Assets	60.56	59.31	45.67	36.74	48.87	40.99	58.76	69.95	78.74	77.73	82.59	99.72	119.93
Total Assets	144.03	150.50	144.42	144.42	155.40	143.65	139.13	149.38	155.83	162.85	159.51	173.47	212.33

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	19.33	0.91	-4.23	2.24	7.29	2.57	-49.13	0.71	-17.78	8.86	-2.03	-30.43
Cash from Investing Activity +	-8.96	-6.26	-8.28	-9.99	-3.28	-0.79	18.15	-0.53	-1.12	-11.21	0.72	-2.09
Cash from Financing Activity +	0.59	3.78	3.38	7.40	-2.97	-2.50	34.39	0.58	17.49	3.52	0.74	33.90
Net Cash Flow	10.96	-1.57	-9.13	-0.35	1.04	-0.71	3.41	0.77	-1.41	1.16	-0.58	1.38
Free Cash Flow	6.88	-12.04	-9.56	0.31	6.42	1.68	-50.07	0.71	-18.80	-2.23	-1.31	-32.52
CFO/OP	413%	14%	-117%	92%	570%	113%	-2,960%	500%	2,142%	886%	-37%	-1,985%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-3.32	-8.61	-15.56	-17.05	-42.09	-20.30	-15.57	-24.15	-21.05	-34.86	-35.20	-10.19

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 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	275.02	243.95	345.41	433.17	465.52	443.71	122.01	129.78	280.60	50.18	34.64	36.23
Inventory Days							386.03	712.09
Days Payable							1,295.44	2,299.72
Cash Conversion Cycle	275.02	243.95	345.41	433.17	465.52	443.71	-787.40	-1,457.86	280.60	50.18	34.64	36.23
Working Capital Days	252.80	449.29	481.47	291.22	34.65	20.71	889.15	1,084.64	1,795.42	925.25	553.49	1,385.91
ROCE %	5.95%	8.08%	2.60%	1.38%	-2.46%	-1.53%	-1.67%	-2.38%	-2.68%	-0.73%	-1.12%	-0.56%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	10.76%	10.76%	9.52%	9.51%	9.51%	3.03%	3.03%	2.31%	2.31%	2.31%	2.31%	2.31%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.19%	0.25%	1.19%	0.87%
Public	89.24%	89.22%	90.47%	90.49%	90.49%	96.96%	96.97%	97.68%	97.49%	97.43%	96.49%	96.81%
No. of Shareholders	5,699	5,772	6,457	7,133	9,469	12,545	14,651	19,616	17,783	16,394	15,656	15,314

Shareholding Pattern Chart

No. of Shareholders

Gujarat Natural Resources Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE / ROE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-0.29	-0.48	-0.77	-0.51	-0.75
Diluted EPS (Rs.)	-0.29	-0.48	-0.77	-0.51	-0.75
Cash EPS (Rs.)	0.11	0.45	-0.39	-0.09	-0.01
Book Value[Excl.RevalReserv]/Share (Rs.)	11.94	13.59	14.08	14.69	18.81
Book Value[Incl.RevalReserv]/Share (Rs.)	11.94	13.59	14.09	14.70	18.82
Revenue From Operations / Share (Rs.)	1.56	3.41	1.66	1.10	1.44
PBDIT / Share (Rs.)	0.33	0.72	0.25	-0.02	0.21
PBIT / Share (Rs.)	-0.06	-0.20	-0.13	-0.44	-0.51
PBT / Share (Rs.)	-0.34	-0.53	-0.71	-0.54	-0.73
Net Profit / Share (Rs.)	-0.29	-0.48	-0.77	-0.51	-0.74
NP After MI And SOA / Share (Rs.)	-0.29	-0.48	-0.77	-0.51	-0.74
PBDIT Margin (%)	21.49	21.35	15.15	-2.65	14.97
PBIT Margin (%)	-4.45	-6.12	-7.91	-40.61	-36.03
PBT Margin (%)	-21.99	-15.71	-43.08	-49.71	-51.31
Net Profit Margin (%)	-18.75	-14.16	-46.58	-46.22	-51.77
NP After MI And SOA Margin (%)	-18.75	-14.16	-46.58	-46.22	-51.77
Return on Networth / Equity (%)	-2.45	-3.55	-5.48	-3.47	-3.96
Return on Capital Employeed (%)	-0.55	-1.30	-0.79	-2.67	-2.46
Return On Assets (%)	-2.16	-2.43	-3.80	-2.62	-2.80
Long Term Debt / Equity (X)	0.04	0.15	0.14	0.11	0.07
Total Debt / Equity (X)	0.07	0.37	0.31	0.17	0.22
Asset Turnover Ratio (%)	0.12	0.16	0.00	0.00	0.00
Current Ratio (X)	8.39	2.53	2.32	3.15	1.98
Quick Ratio (X)	6.76	2.41	2.19	3.00	1.88
Inventory Turnover Ratio (X)	1.82	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	1.23	2.23	0.78	-0.29	0.97
Interest Coverage Ratio (Post Tax) (X)	-0.06	-0.47	-0.58	-4.08	-2.39
Enterprise Value (Cr.)	352.47	155.66	134.39	190.70	90.59
EV / Net Operating Revenue (X)	17.58	5.68	10.10	21.53	11.19
EV / EBITDA (X)	81.78	26.61	66.63	-811.43	74.70
MarketCap / Net Operating Revenue (X)	17.34	4.39	7.86	19.80	8.96
Price / BV (X)	2.27	1.10	0.92	1.49	0.68
Price / Net Operating Revenue (X)	17.34	4.39	7.86	19.81	8.96
EarningsYield	-0.01	-0.03	-0.05	-0.02	-0.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Gujarat Natural Resources Ltd. is a Public Limited Listed company incorporated on 23/08/1991 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L27100GJ1991PLC016158 and registration number is 016158. Currently Company is involved in the business activities of Wholesale of industrial chemicals,. Company's Total Operating Revenue is Rs. 0.70 Cr. and Equity Capital is Rs. 128.40 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Oil Drilling And Exploration	906-910, 9th Floor, ANAM-1, Ahmedabad Gujarat 380006	Contact not found

Management
Name	Position Held
Mr. Ashok C Shah	Chairman & Director
Mr. Shalin A Shah	Managing Director
Mr. Hitesh M Donga	Non Executive Director
Mr. Yash Bodade	Independent Director
Mr. Paragkumar Raval	Independent Director
Mrs. Deepti Gavali	Independent Director

FAQ

What is the intrinsic value of Gujarat Natural Resources Ltd and is it undervalued?

As of 14 April 2026, Gujarat Natural Resources Ltd's intrinsic value is ₹24.15, which is 73.64% lower than the current market price of ₹91.60, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (2.87 %), book value (₹14.1), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Gujarat Natural Resources Ltd?

Gujarat Natural Resources Ltd is trading at ₹91.60 as of 14 April 2026, with a FY2026-2027 high of ₹114 and low of ₹30.5. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,176 Cr..

How does Gujarat Natural Resources Ltd's P/E ratio compare to its industry?

Gujarat Natural Resources Ltd has a P/E ratio of 162, which is above the industry average of 93.43. The premium over industry average may reflect growth expectations or speculative interest.

Is Gujarat Natural Resources Ltd financially healthy?

Key indicators for Gujarat Natural Resources Ltd: ROCE of 0.56 % is on the lower side compared to the industry average of 10.56%; ROE of 2.87 % is below ideal levels (industry average: 9.87%). Dividend yield is 0.00 %.

Is Gujarat Natural Resources Ltd profitable and how is the profit trend?

Gujarat Natural Resources Ltd reported a net profit of ₹-4 Cr in Mar 2025 on revenue of ₹20 Cr. Compared to ₹-4 Cr in Mar 2022, the net profit shows a mixed trend.

Does Gujarat Natural Resources Ltd pay dividends?

Gujarat Natural Resources Ltd has a dividend yield of 0.00 % at the current price of ₹91.60. The company is currently not paying meaningful dividends.