Gandhar Oil Refinery Faces Profit Decline Amidst Manageable Debt Levels and Market Challenges

Gandhar Oil Refinery (India) has recently undergone an evaluation adjustment, reflecting the company's current financial landscape and market position. The stock has experienced negative financial performance in the third quarter of FY24-25, with a notable decline in profits, which have fallen by 26%. Despite this, the company maintains a low Debt to Equity ratio of 0.03 times, indicating a manageable level of debt relative to equity.
From a technical perspective, the stock is positioned in a mildly bullish range, with improvements noted since May 19, 2025. The Bollinger Band indicator has also shown bullish signals during this period. However, the company's long-term growth prospects appear limited, with net sales and operating profit growing at annual rates of 7.70% and 5.84%, respectively, over the past five years.

Gandhar Oil Refinery has faced challenges, including negative results for the last four consecutive quarters and a significant drop in profit after tax. Over the past year, the stock has underperformed the broader market, generating a return of -26.63%, while the BSE 500 index has seen returns of 7.71%.

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