Gandhar Oil Refinery (India) LtdNSE:GANDHAR
Current view Q1 2027
Blends base oil into pharma and cosmetic white oils plus transformer oil. The record profit is a war windfall - spread ₹28,145 a kilolitre against a normal ₹8,274 on volumes up just 8%. Indian plants are 97% full with no capex announced, and working capital has stretched 47 to 91 days.
Latest exchange filings last 5 · 5 after Q1 2027
- 11 Sep ’26Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 11 Sep ↗
- 11 Sep ’26Shareholder Meeting / Postal Ballot-Outcome of AGM 11 Sep ↗
- 10 Sep ’26Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 10 Sep ↗
- 10 Sep ’26Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 10 Sep ↗
- 4 Sep ’26Gandhar Oil Refinery completed partial purchase of 32.90 gunthas land for Rs. 2.10 crore on September 4, 2026. ↗
Exchange filings, with the company's own one-line summary, read off the same page as the figures. Screener publishes only the most recent few, so this is the last 5 — not everything filed since your note, and a quiet-looking list is not proof of a quiet quarter. A filing is marked new when it is dated after the end of the quarter your note covers. Not scored, and not a judgement — a routine repayment notice and a takeover sit in the same list.
AI concall report · Q1 2027
The full earnings-call read behind this view — what management promised, what they delivered, and the earning trigger.
Growth Q1 2027
| Metric | This year vs lastYoY · vs Q1 2026 | vs the quarter beforeQoQ, sequential · vs Q4 2026 | 3-year yearly average3Y CAGR · compounded | 5-year yearly average5Y CAGR · compounded |
|---|---|---|---|---|
| Sales | ▲ +91.8% | +58.5% | +1.3% | +13.8% |
| Operating profit | ▲ +510.9% | +339.1% | −9.8% | +8.2% |
| EPS | ▲ +633.2% | +372.4% | −16.6% | −26.1% |
| PAT | ▲ +692.3% | +456.8% | — | — |
Tinted rows drive the Tier. Tier = the weaker of YoY Sales and YoY PAT growth. Here the weaker is Sales at +91.8%, which is ≥ 20% → Tier 1.
QoQ is sequential, not a trend. For most Indian companies the March quarter is seasonally the largest, so a June-quarter fall against it is a calendar effect. Only the YoY column feeds the Tier.
Multibagger potential
Weak38/100
Earnings are shrinking, not growing. Profit per share fell 17% a year over the window measured. Nothing compounds from here until that turns, whatever the price does.
No forward view — earnings are not compounding, so there is nothing to project.
Multiple moved without the earnings — the return sits in sentiment.
How this is calculated
Band capped: earnings are not growing over the measured window.
Growth rate used: -16.6% — the weakest of EPS / Sales / Op-profit from 3-year EPS CAGR. Latest quarter reads 60%.
How it compares with its rivals Lubricants · 6 of 7 listed
It earns 13% on its capital, sixth of 6, and it is the fifth most expensive of the 6 shown.
| Company | Price | P/E | Size | ROCE | Profitlast qtr | Saleslast qtr |
|---|---|---|---|---|---|---|
| Gandhar Oil Ref. | ₹275 | 9.0× | ₹2,692 Cr | 13.3% | +633.1% | +91.8% |
| Castrol India | ₹195 | 17.8× | ₹19,298 Cr | 60.3% | +42.5% | +25.0% |
| Gulf Oil Lubric. | ₹1,072 | 13.4× | ₹5,311 Cr | 27.2% | +31.9% | +32.5% |
| Savita Oil Tech | ₹708 | 11.3× | ₹4,856 Cr | 14.0% | +395.6% | +49.6% |
| Panama Petrochem | ₹466 | 5.9× | ₹2,822 Cr | 19.1% | +624.8% | +150.3% |
| Veedol Corporat | ₹1,385 | 11.0× | ₹2,413 Cr | 24.1% | +56.9% | +18.5% |
Screener's own peer group, from the request already made for the industry P/E. It serves the industry's largest names by market cap, not companies of a similar size, so treat this as context rather than a like-for-like table; this company is always shown. On a phone the price, size and sales columns are dropped rather than pushed off the edge. Not part of the score.
Business quality to Jun 2026
| Are the margins widening? | wider, but it has moved around a lot | operating margin 8% → 16% over 3 years |
|---|---|---|
| Did the profit turn into cash? | very little of it arrived as cash | 69% last year, 29% over three · free cash flow ₹128 cr, positive in 4 of 5 years |
| Is the growth borrowed? | lightly borrowed | ₹315 cr — 0.23× its own equity (was 0.25×) |
| Is it being collected? | collection is steady | 62 days to collect, down 1 in a year · cash cycle 83 days |
| Who has been buying? | the promoters have been buying | promoters 66.6% (+1.6 in a year), 64.6% → 66.6% over 2.8 years · FIIs 1.3% (+1.0) · DIIs 1.0% (−0.9) · shareholders 1,22,463 → 1,34,265 |
| What does it earn on its capital? | earns a fair return on its capital | ROCE 13.3% · ROE 10.5% |
Fetched from the filings, not typed — and deliberately not part of the score. These are the questions the score cannot ask: it reads growth, price and trend, so a company can score well while its profit never becomes cash. Weigh these beside the note, not against the number.
Screener's own checklist not mine, not the score
In its favour
- Company is expected to give good quarter
Against it
- Company has a low return on equity of 10.3% over last 3 years.
- Dividend payout has been low at 5.01% of profits over last 3 years
Generated by screener.in from a fixed checklist — not written by me and not an input to the score. It is here as a second machine opinion to weigh against the note; where it disagrees with the view above, the note is the considered one.