GANDHAR
Gandhar Oil Refinery (India) Limited
NSELast Traded Price
₹303.4
-4.6 (-1.49%)
Open
₹310
High
₹310.85
Low
₹296.7
Prev Close
₹308
Industry
Lubricants
Market Cap
2969.66 Cr
Filing History
Recent corporate announcements and filings for GANDHAR
Ownership
Neutral
2026-10-06 19:45
- The Board of Directors approved the allotment of 9,290 equity shares of face value Rs. 2 each pursuant to the exercise of stock options under the Gandhar Stock Option Plan – 2022.
- The exercise price is set at Rs. 168 per share (including a premium of Rs. 166 per share).
- The total paid-up equity share capital of the company increased to Rs. 19,57,77,640 comprising 9,78,88,820 equity shares.
Business Update
Positive
2026-09-30 18:01
- CRSIIL Ratings has assigned/reaffirmed credit ratings on the bank facilities of Gandhar Oil Refinery (India) Limited.
- Total bank loan facilities rated stands at ₹1,014 crore (enhanced from ₹300 crore).
- Long-term rating reaffirmed at CRISIL A+/Stable.
- Short-term rating reaffirmed at CRISIL A1.
Routine
Positive
2026-09-24 19:09
- Gandhar Oil Refinery received an order dated September 23, 2026, from the Court of the Addl. Chief Judicial Magistrate, Nashik.
- The court acquitted the accused (Company, promoters, and promoter group) under Section 256 of CrPC and stopped proceedings due to the continuous absence of the complainant (Shri Saptashringi Ispat Private Limited).
- The original dispute was a 2014 case under Sections 138 and 141 of the Negotiable Instruments Act regarding dishonoured cheques worth ₹3,00,00,000.
- No financial implications, compensation, or penalties were imposed on the company.
Routine
Neutral
2026-09-24 16:32
- Trading window for dealing in company securities will close from October 01, 2026.
- Window to reopen 48 hours after declaration of Un-audited Financial Results for Q2/half year ended September 30, 2026.
- Date of the Board Meeting will be intimated in due course.
Business Update
Neutral
2026-09-23 18:53
- Concall Schedule
- Concall Date: 28th September 2026
- Concall Time: 01:00 PM onwards
Business Update
Positive
2026-09-04 22:46
- Gandhar Oil Refinery (India) Ltd. entered a purchase agreement on Sep 4, 2026, and completed a partial transaction for a land parcel.
- The land measures 32.90 gunthas (3,328.54 sq. mtrs) in Village Kherane Khurd, Tal. Panvel, Dist. Raigad.
- The consideration for the land is ₹2,09,55,000.
Business Update
Neutral
2026-09-01 19:20
- Concall Schedule
- Concall Date: September 07th, 2026
- Concall Time: 03:00 p.m. (IST)
Business Update
Positive
2026-09-01 17:00
- CRISIL Ratings assigned A+/Stable for long-term and A1 for short-term bank facilities totaling Rs. 300 crore to Gandhar Oil Refinery (India) Limited.
Business Update
Positive
2026-09-01 13:01
- Gandhar Oil Refinery (India) Ltd. received credit ratings from CRISIL Ratings for bank facilities aggregating ₹300 crore.
- Long Term Rating: Crisil A+/Stable.
- Short Term Rating: Crisil A1.
Governance
Neutral
2026-08-18 21:37
- Voting results for postal ballot (July 19 - Aug 17, 2026) submitted by Gandhar Oil Refinery (India) Ltd.
- Appointment of Mr. Jatin Dhamani as Whole Time Director approved with 99.99% votes in favour.
- Appointment of Mr. Santokhsingh Karamsingh Sandhu as Independent Director approved with 99.99% votes in favour.
Business Update
Positive
2026-08-13 23:14
- Gandhar Oil Refinery (India) Ltd. entered into a purchase agreement for a land parcel dated August 13, 2026.
- The land admeasures 8751.32 sq. mtrs. (86.50 gunthe) in Village Kherane Khurd, Panvel.
- Consideration for the land is ₹5,50,43,998/- (approx. ₹5.50 Crores).
Business Update
Neutral
2026-08-04 14:12
- Operations at the Silvassa manufacturing facility have resumed after being impacted by heavy rainfall and flooding.
- The company is assessing loss/damage, which is covered by insurance, and restoration measures are complete.
Business Update
Positive
2026-07-28 17:27
- Q1 FY27 delivered the highest quarterly profit in company history, with consolidated revenue growing 92% YoY and EBITDA increasing 512% YoY, leading to EBITDA margins expanding to 16.20% (up 1110 bps YoY).
- Management is hopeful of sustaining current high gross and EBITDA margin levels for the entire year, driven by agile sourcing and product mix.
- The company anticipates achieving 8-10% volume growth for FY27, with PHPO and PIO segments expected to remain primary growth drivers.
- Exports, which saw a 54% YoY increase in Q1, are projected to continue at similar levels.
- An interim dividend of 100% of face value was declared, and the company plans to fund future capex from internal accruals.
- Gandhar Oil remains optimistic about sustained growth due to its debt-free standalone balance sheet and diversified portfolio.
Financials
Positive
2026-07-27 17:30
- The Board of Directors declared an Interim Dividend of ₹2/- per Equity share (100% on face value of ₹2/-) for FY 2026-27 on July 22, 2026.
- The record date for dividend payment is July 31, 2026.
- This filing provides details on Tax Deduction at Source (TDS) on the interim dividend, with rates varying based on shareholder category (e.g., 10% for resident shareholders with PAN, 20% for non-residents).
- Shareholders are requested to update required documents (e.g., Form 15G/15H, TRC) by July 31, 2026, to ensure appropriate TDS deduction.
Business Update
Negative
2026-07-24 23:00
- Gandhar Oil Refinery (India) Ltd.'s Silvassa manufacturing plant (Unit No. 2) has been affected by flood-like conditions due to heavy rainfall.
- The Company is currently assessing the impact on its assets, operations, and production.
- The company has adequate insurance coverage for the incident and has intimated the insurance company.
Business Update
Neutral
2026-07-23 17:52
- Audio recording of the Earnings Call for Q1 FY2026-27, held on July 23, 2026, at 11:00 AM (IST), is available.
- The recording can be accessed at: https://gandharoil.com/wp-content/uploads/2026/07/Gandhar-Oil-Q1-FY27-Earnings-Call-Audio-Recording.mp3
Financials
Positive
2026-07-22 21:00
- Consolidated Revenue ₹1,732 Cr vs ₹903 Cr (▲92% YoY)
- EBITDA ₹281 Cr vs ₹46 Cr (▲512% YoY)
- PAT ₹206 Cr vs ₹26 Cr (▲689% YoY)
- EBITDA Margin 16.22% vs 5.09% (▲1113 bps)
Financials
Positive
2026-07-22 19:40
- Standalone Revenue ₹1,591.05Cr vs ₹745.44Cr (▲113.43% YoY)
- Standalone EBITDA ₹252.69Cr vs ₹43.86Cr (▲476.13% YoY)
- Standalone PAT ₹178.82Cr vs ₹26.22Cr (▲582.07% YoY)
- Standalone EBITDA Margin 15.88% vs 5.88% (▲1000bps)
- An Interim Dividend of Rs. 2 per Equity Share (100% of face value) for the financial year 2026-27 was declared, with a record date of July 31st, 2026.
Governance
Negative
2026-07-22 19:38
CRITICAL RED FLAG DETECTED
- The Board of Directors approved Un-Audited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026.
- An Interim Dividend of Rs. 2 per Equity Share (100%) for FY 2026-27 was declared, with the record date fixed as July 31, 2026.
- The 34th Annual General Meeting (AGM) is scheduled for September 11, 2026.
- Mr. Shyam Chandrabhan Agrawal was appointed as an Additional Non-Executive Independent Director, filling the casual vacancy caused by the resignation of Mrs. Deena Asit Mehta.
- The Risk Management Committee was reconstituted with Mr. Shyam Chandrabhan Agrawal appointed as Chairman.
Financials
Positive
2026-07-22 18:51
CRITICAL RED FLAG DETECTED
- Standalone Revenue ₹1,591.05 Cr vs ₹745.44 Cr (▲113.43% YoY)
- Standalone EBITDA ₹249.27 Cr vs ₹40.66 Cr (▲513.1% YoY)
- Standalone PAT ₹178.82 Cr vs ₹26.22 Cr (▲582% YoY)
- Standalone EBITDA Margin 15.68% vs 5.45% (▲1023 bps)
- Interim Dividend of ₹2 per Equity Share declared for FY 2026-27, with record date of July 24th, 2026.
- Independent Director Mrs. Deena Asit Mehta resigned; Mr. Shyam Chandrabhan Agrawal appointed as an Additional Non-Executive Independent Director and Chairman of the Reconstituted Risk Management Committee.
- 34th Annual General Meeting (AGM) scheduled for September 11th, 2026.
Financials
Neutral
2026-07-22 18:46
CRITICAL RED FLAG DETECTED
- Board approved Q1 FY27 Un-Audited Financial Results (Standalone and Consolidated).
- Declared an Interim Dividend of ₹2/share (100% face value) for FY26-27; record date: July 24, 2026.
- Mrs. Deena Asit Mehta resigned as Independent Director; Mr. Shyam C. Agrawal appointed as replacement and Risk Management Committee Chairman.
- 34th AGM scheduled for September 11, 2026.
Financials
Negative
2026-07-22 18:42
CRITICAL RED FLAG DETECTED
- Board approved Q1 FY27 standalone & consolidated results.
- Interim dividend of ₹2/share declared (record date July 24, 2026).
- Mr. S.C. Agrawal appointed Independent Director, replacing Mrs. D.A. Mehta (resigned). RMC reconstituted.
- 34th AGM scheduled for September 11, 2026.
Financials
Positive
2026-07-22 18:38
CRITICAL RED FLAG DETECTED
- Standalone Revenue ₹1,591.05 Cr vs ₹745.44 Cr (▲113.43% YoY)
- EBITDA ₹249.27 Cr vs ₹40.66 Cr (▲513.06% YoY)
- PAT ₹178.82 Cr vs ₹26.22 Cr (▲582.00% YoY)
- EBITDA Margin 15.67% vs 5.45% (▲1022 bps)
Financials
Positive
2026-07-22 18:37
CRITICAL RED FLAG DETECTED
- Standalone Revenue ₹1,591.05Cr vs ₹745.44Cr (▲113.43% YoY)
- Standalone EBITDA ₹249.27Cr vs ₹40.66Cr (▲513.06% YoY)
- Standalone PAT ₹178.82Cr vs ₹26.22Cr (▲581.92% YoY)
- Standalone EBITDA Margin 15.67% vs 5.45% (▲1022bps)
- Interim dividend of ₹2 per Equity Share declared for FY 2026-27.
Financials
Positive
2026-07-22 18:29
CRITICAL RED FLAG DETECTED
- Consolidated Revenue ₹1,731.93Cr vs ₹902.96Cr (▲91.70% YoY)
- EBITDA ₹281.32Cr vs ₹45.96Cr (▲512.18% YoY)
- PAT ₹205.89Cr vs ₹26.09Cr (▲688.88% YoY)
- EBITDA Margin 16.24% vs 5.09% (▲1115bps)
Business Update
Neutral
2026-07-20 12:53
- Concall Schedule
- Concall Date: Thursday, July 23, 2026
- Concall Time: 11:00 AM IST
- To discuss Un-audited financial results (Standalone & Consolidated) for Q1 FY2026-27.
Business Update
Neutral
2026-07-18 14:23
- Concall Schedule
- Concall Date: July 23, 2026
- Concall Time: 11:00 a.m. (IST)
Governance
Neutral
2026-07-16 18:47
- Company issued a Postal Ballot Notice seeking member approval for appointments/re-appointments of Whole Time Director, Independent Director, Vice Chairman cum Joint MD, and Joint MD, each for 5-year terms. All appointments/re-appointments are for 5 years.
- E-voting period: July 19, 2026 (09:00 AM IST) to August 17, 2026 (05:00 PM IST).
Governance
Neutral
2026-07-15 13:00
- Board of Directors approved a circular resolution on July 15th, 2026, regarding a Postal Ballot.
- Approved draft Postal Ballot notice, setting the cut-off date as Friday, July 10th, 2026, for e-voting eligibility.
- Appointed MUFG Intime India Private Limited as Registrar & Share Transfer Agent and CS Sandhya R. Malhotra as Scrutinizer for the postal ballot process.
Business Update
Positive
2026-07-13 17:40
- Joint Managing Director, Mr. Aslesh Parekh, to be interviewed on NDTV Profit on Tuesday, July 14, 2026, at 1:30 PM.
- The discussion on "The Small Cap Buzzers" will be based solely on publicly available information.
Routine
Neutral
2026-06-25 16:34
- The Trading Window for dealing in securities of Gandhar Oil Refinery (India) Limited will close from July 01, 2026.
- It will remain closed until 48 hours after the declaration of Un-audited Financial Results for the quarter ended June 30, 2026.
Business Update
Neutral
2026-06-23 17:18
- Gandhar Oil Refinery will host an in-person plant visit for analysts/investors and management interaction.
- The event is scheduled for Tuesday, June 30, 2026, at 10:30 a.m. in Taloja, Maharashtra.
- Discussions will be based on publicly available information.
Business Update
Neutral
2026-06-19 10:21
- Gandhar Oil Refinery (India) Ltd. responded to NSE's query (Ref: NSE/CM/Surveillance/17122 dated June 18, 2026) regarding an increase in trading volume.
- The company stated there is no undisclosed information or event affecting its scrip's price/volume behavior.
- They attribute the volume increase to purely market-driven factors.
Business Update
Neutral
2026-06-08 18:20
- Concall Schedule
- Concall Date: June 11, 2026
- Concall Time: 4:00 p.m. to 5:00 p.m.