Recent Price Movement and Market Context
The stock has been on a downward trajectory for the past seven consecutive trading sessions, resulting in a cumulative return of -5.59% over this period. Today's price of Rs.123.55 represents the lowest level the stock has recorded in the past year, and also an all-time low. This performance contrasts with the broader market, where the Sensex closed in positive territory, gaining 0.15% to settle at 85,390.62 points. The benchmark index recovered from an initial negative opening and is currently trading just 0.9% below its own 52-week high of 86,159.02.
While the Sensex is supported by mega-cap stocks and is trading above its 50-day and 200-day moving averages, Gandhar Oil Refinery (India) remains below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This divergence highlights the stock's relative weakness within the oil sector and the broader market.
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Long-Term Performance and Financial Trends
Over the last year, Gandhar Oil Refinery (India) has recorded a total return of -46.78%, a stark contrast to the Sensex's 4.41% gain during the same period. The stock has also underperformed the BSE500 index over the last three years, one year, and three months, indicating sustained challenges in maintaining market value relative to peers.
Examining the company's financial growth, net sales have shown a negative compound annual growth rate of -2.76% over the past five years. Operating profit has similarly reflected a downward trend, with a compound annual rate of -21.51% during the same timeframe. These figures suggest subdued expansion in core business activities and profitability over the medium term.
Balance Sheet and Profitability Metrics
Despite the subdued sales and profit trends, Gandhar Oil Refinery (India) maintains a relatively low average debt-to-equity ratio of 0.10 times, indicating limited reliance on debt financing. This conservative capital structure may provide some financial stability amid market pressures.
Quarterly results from September 2025 reveal some notable figures. The operating profit to interest ratio reached 6.41 times, the highest recorded, signalling the company’s ability to cover interest expenses comfortably. Net sales for the quarter stood at Rs.1,059.91 crore, also the highest quarterly figure, while profit before depreciation, interest, and taxes (PBDIT) was Rs.65.84 crore, marking a quarterly peak.
Return on capital employed (ROCE) is reported at 10.6%, which is considered attractive within the sector. Additionally, the enterprise value to capital employed ratio is at 1, suggesting the stock is trading at a valuation discount relative to its peers' historical averages.
However, it is important to note that over the past year, profits have declined by 11.6%, reflecting pressures on the company’s earnings despite some positive quarterly indicators.
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Sector and Shareholding Overview
Gandhar Oil Refinery (India) operates within the oil industry, a sector that has experienced mixed performance in recent months. While the broader market and mega-cap stocks have shown resilience, this stock’s performance has lagged behind sector averages.
The majority shareholding remains with promoters, which typically indicates concentrated ownership and potential influence over company decisions. This ownership structure can affect strategic direction and capital allocation priorities.
Summary of Key Price and Performance Metrics
The stock’s 52-week high was Rs.244.55, highlighting the extent of the decline to the current low of Rs.123.55. The day’s price change was a fall of 1.04%, underperforming the sector by 0.47%. The sustained trading below all major moving averages underscores the prevailing downward momentum.
In comparison, the Sensex’s positive movement and proximity to its 52-week high illustrate a divergence between the broader market and Gandhar Oil Refinery (India)’s share price trajectory.
Overall, the data presents a picture of a stock that has faced considerable headwinds over the past year, reflected in its price performance and financial metrics. While some quarterly figures show strength, the longer-term trends indicate challenges in growth and profitability.
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