Intraday Price Movement and Market Context
On 8 December 2025, Gandhar Oil Refinery (India) recorded an intraday low of Rs.122.25, representing a decline of 2.74% during the trading session. The stock closed with a day change of -2.39%, underperforming its sector by approximately 2.23%. This downward movement occurred amid a broader market environment where the Sensex opened flat but later declined by 231.68 points, or 0.37%, closing at 85,393.16. Despite the Sensex trading near its 52-week high of 86,159.02 and maintaining bullish moving averages, Gandhar Oil Refinery’s shares have not mirrored this positive trend.
Technical Indicators and Moving Averages
The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning suggests a sustained period of price weakness relative to its recent trading history. In contrast, the Sensex remains above its 50-day moving average, which itself is positioned above the 200-day moving average, indicating a generally positive market trend that Gandhar Oil Refinery has not followed.
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Long-Term Price Performance and Comparison
Over the past year, Gandhar Oil Refinery (India) has recorded a price decline of 48.69%, a stark contrast to the Sensex’s 4.52% gain during the same period. The stock’s 52-week high was Rs.244.55, indicating that the current price level is approximately 50% below its peak within the last year. This performance also trails the BSE500 index over multiple time frames, including the last three years, one year, and three months, highlighting a consistent pattern of underperformance relative to broader market benchmarks.
Financial Metrics and Growth Trends
Examining the company’s financial data reveals subdued growth trends. Net sales have shown a compound annual rate of change of -2.76% over the last five years, while operating profit has reflected a decline at an annual rate of -21.51% during the same period. These figures suggest challenges in expanding revenue and profitability over the medium term.
Despite these trends, the company maintains a low average debt-to-equity ratio of 0.10 times, indicating a conservative capital structure with limited leverage. This financial positioning may provide some stability in managing obligations amid fluctuating earnings.
Quarterly Highlights and Valuation Metrics
In the quarter ending September 2025, Gandhar Oil Refinery reported its highest operating profit to interest ratio at 6.41 times, alongside net sales reaching Rs.1,059.91 crore and PBDIT (Profit Before Depreciation, Interest and Taxes) at Rs.65.84 crore. These quarterly figures represent peak levels within recent periods, signalling pockets of operational strength.
The company’s return on capital employed (ROCE) stands at 10.6%, which is considered attractive within the oil sector. Additionally, the enterprise value to capital employed ratio is approximately 1, suggesting that the stock is trading at a valuation discount relative to its peers’ historical averages. However, profit levels have declined by 11.6% over the past year, reflecting some pressure on earnings despite the valuation metrics.
Shareholding and Market Capitalisation
Promoters remain the majority shareholders of Gandhar Oil Refinery (India), maintaining significant control over the company’s strategic direction. The stock’s market capitalisation grade is rated at 3, indicating a small-cap classification within the oil sector.
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Sector and Industry Context
Gandhar Oil Refinery operates within the oil industry, a sector that has experienced varied performance across companies depending on global oil prices, refining margins, and regulatory factors. While the broader market indices such as the Sensex have shown resilience and growth, this stock’s trajectory has diverged, reflecting company-specific factors and sector dynamics.
Summary of Key Price and Performance Indicators
To summarise, Gandhar Oil Refinery’s stock price has reached Rs.122.25, marking a new 52-week and all-time low. The stock’s performance over the last year shows a decline of nearly 49%, contrasting with the Sensex’s positive returns. The company’s financial data over five years indicates contraction in net sales and operating profit, while quarterly results show some high watermark figures in sales and operating profit to interest coverage. The stock trades below all major moving averages, signalling a sustained period of price weakness.
These factors collectively illustrate the current market position of Gandhar Oil Refinery (India) within the oil sector and broader equity markets.
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