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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Gandhar Oil Refinery (India) Limited is an India-based company, which is engaged in the specialty oil industry. The Company manufactures and trades petroleum products / specialty oils, trading in non-coking coal and provides consignment / del-credere agency services for the…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A decent, stagnant business, fully valued — but flagged on governance.
GANDHAR OIL REFINE IND L is scored on the general / industrial framework. It keeps a thin 3.2% of every rupee of sales as net profit. Cash broadly tracks reported profit (CFO/PAT 0.93×). Free cash flow is worth about 2.7% of its market value.
Over the last 3 years revenue compounded at 1%/yr and profit at -14%/yr. Book value itself has compounded 22%/yr — the hallmark of a genuine compounder. Return on equity is an elite 25.9%. In the latest quarter profit fell 10% versus the prior quarter.
At 18× earnings, the stock sits at the 79th percentile of its own 3-year range — the expensive end of where it has historically traded. Today's price asks for only ~-10%/yr growth over a decade — undemanding expectations. The forensic screen raises a red flag: Only ₹0.27 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 5.32 | 9.23 | better |
| P/B | 1.45 | 2.81 | better |
| EV/EBITDA | 3.78 | 6.24 | better |
| ROE | 25.91 | 25.66 | better |
| ROCE | 33.8 | 32.68 | better |
| ROA | 15.76 | 18.9 | worse |
| Quick Ratio | 1.61 | 1.75 | worse |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Reliance Industries | 18.6 | 1.9 | 8.7% |
| Indian Oil | 4.1 | 0.9 | 20.3% |
| Bharat Petroleum Corp | 8.8 | 1.4 | 15.6% |
1% CAGR — growing but slowly. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (1% vs -14%) — costs are rising faster than the top line. The latest year saw a +64% swing — check if it's a one-off or structural.
Operating margin has compressed from 7% to 4% — costs or competition are eating into profitability. Margins have declined for 2 consecutive years — watch for a structural cost problem.
ROE at 10% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 18pp.
Profit grew faster than EPS (-14% vs -17%) — share dilution is eroding per-share value. -17% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 7% sequentially — momentum is building. Wide quarterly swings (41% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 58% above earlier ones.
Quarterly net margins are expanding (3% → 10%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3y median.
Promoters hold 66.7% — heavily owner-operated with strong skin in the game. FII stake up 5.1pp over 4 quarters — growing foreign interest.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.