Gandhar Oil Refinery (India) Ltd
About
Gandhar commenced its operations in 1992 after the liberalization process. The company is a prominent producer of white oils by revenue and is involved in the manufacture of Pharmaceutical, Health care, and Performance Oil, Process Insulating Oil, as well as Lubricants (including automotive and industrial oils). Gandhar Oil operates two facilities in Western India and an additional plant in Sharjah, UAE, to support both our Indian and international activities. The research and development centre of the firm at Silvassa facility has been granted a certificate of registration Department of Scientific & Industrial Research. With customers and clients throughout 100 countries across Europe, America, Africa, and the Asia-Pacific region, Gandhar’s exports make up around 64% of the company's overall sales. The company is one of the top two competitors in the Indian white oil market, holding approximately 26.5% of the market share in that category.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4126 0.9% | 4087 14.4% | 3572 62.5% | 2198 -11.1% | 2474 -31.1% | 3588 52.4% | 2355 7.6% | 2188 25.7% | 1740 -36.2% | 2726 53.5% | 1775 46.3% | 1214 - |
| Net Operating Income (INR Cr) | 4113 0.84% | 4079 15.12% | 3543 59.54% | 2221 -11.29% | 2504 -29.82% | 3568 0.00% | 2363 16.90% | 2169 23.53% | 1756 -32.90% | 2617 51.80% | 1724 40.17% | 1230 0.00% |
| Profit (INR Cr) | 141 -26.4% | 191 29.5% | 147 46.9% | 100 917.4% | 10 -47.4% | 19 -62.4% | 50 -32.9% | 74 186.3% | 26 -14.2% | 30 -1.6% | 31 -21.7% | 39 - |
| Assets (INR Cr) | 1499 49.6% | 1002 32.9% | 754 40.1% | 538 8.9% | 494 -1.6% | 502 -17.0% | 605 -4.1% | 631 25.4% | 503 -22.4% | 648 41.1% | 459 22.4% | 375 - |
| Net Worth (INR Cr) | 1172 57.7% | 743 37.4% | 541 21.7% | 445 28.6% | 346 -10.0% | 384 0.0% | 320 16.7% | 301 32.0% | 228 10.8% | 206 47.1% | 140 38.8% | 101 0.0% |
| Employee Cost (INR Cr) | 57 8.3% | 52 43.1% | 37 53.7% | 24 -1.7% | 24 -0.6% | 24 49.6% | 16 -28.3% | 23 64.3% | 14 12.4% | 12 4.5% | 12 8.6% | 11 - |
| Interest Cost (INR Cr) | 59 | 52 | 33 | 37 | 50 | 48 | 44 | 31 | 47 | 42 | 32 | 17 |
| Cash & Bank Balance (INR Cr) | 277 | 108 | 183 | 121 | 100 | 115 | 187 | 97 | 87 | 198 | 46 | 80 |
| Total Debt (INR Cr) | 271 | 220 | 191 | 90 | 146 | 116 | 283 | 326 | 272 | 441 | 318 | 273 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 3.4% | 4.7% | 4.1% | 4.6% | 0.4% | 0.5% | 2.1% | 3.4% | 1.5% | 1.1% | 1.7% | 3.2% |
| Profit As % Of Assets | 9.4% | 19.1% | 19.6% | 18.6% | 2.0% | 3.7% | 8.2% | 11.8% | 5.2% | 4.7% | 6.7% | 10.5% |
| Profit As % Of Networth | 12.0% | 25.7% | 27.2% | 22.6% | 2.9% | 4.9% | 15.6% | 24.7% | 11.4% | 14.7% | 22.0% | 38.9% |
| Interest Cost to EBITDA % | 21.2% | 16.5% | 13.2% | 26.3% | 82.7% | 87.3% | 36.0% | 24.4% | 62.6% | 47.9% | 40.9% | 22.1% |
| Debt to Equity Ratio | 0.23 | 0.30 | 0.35 | 0.20 | 0.42 | 0.30 | 0.88 | 1.08 | 1.19 | 2.14 | 2.27 | 2.71 |
| RONW | 17.3% | 33.3% | 33.2% | 25.4% | 2.7% | 4.9% | 16.8% | 28.1% | 12.0% | 17.5% | 25.3% | 38.9% |
| ROCE | 22.3% | 38.1% | 40.5% | 30.4% | 12.6% | 14.9% | 19.5% | 23.1% | 13.6% | 15.9% | 19.5% | 21.0% |