Gandhar Oil Refinery (India) Ltd: Why Is It Outperforming Nifty 500?

Gandhar Oil Refinery (India) Ltd's latest quarterly results (Mar 2026) show

• PAT Growth YoY: +208.3% (turning around (inflection up))
• Revenue Growth YoY: +13.6%
• Operating Margin: 6.0% (expanding)

Gandhar Oil Refinery (India) Ltd's profit is growing with an turning around (inflection up) trend.

• PAT Growth YoY: +208.3% (latest quarter)
• PAT Growth QoQ: +8.8% (sequential)
• 3-Year PAT CAGR: -13.8%
• Trend: Turning around (inflection up) — consistent growth pattern

Gandhar Oil Refinery (India) Ltd's revenue growth trend is turning around (inflection up).

• Revenue Growth YoY: +13.6%
• Revenue Growth QoQ: -6.3% (sequential)
• 3-Year Revenue CAGR: +1.3%

Gandhar Oil Refinery (India) Ltd's operating margin is expanding.

• Current OPM: 6.0%
• OPM Change YoY: +3.0% basis points
• OPM Change QoQ: +1.0% basis points

Gandhar Oil Refinery (India) Ltd's long-term compounding rates

• 3-Year Profit CAGR: -13.8%
• 3-Year Revenue CAGR: +1.3%

Gandhar Oil Refinery (India) Ltd's earnings growth is turning around (inflection up) with mixed signals on a sequential basis.

• YoY Acceleration: +30.0% bps
• Sequential Acceleration: +23.8% bps

Gandhar Oil Refinery (India) Ltd's trailing twelve month (TTM) performance

• TTM PAT: ₹137 Cr
• TTM PAT Growth: +65.1% YoY
• TTM Revenue: ₹4,000 Cr
• TTM Revenue Growth: +8.4% YoY
• TTM Operating Margin: 5.5%

Gandhar Oil Refinery (India) Ltd appears significantly undervalued based on our fair value analysis.

• Valuation Signal: Significantly Undervalued
• Current PE: 12.7x
• Price-to-Book: 1.3x

Gandhar Oil Refinery (India) Ltd's current PE ratio is 12.7x.

• Current PE: 12.7x
• Market Cap: 1.7K Cr
• Dividend Yield: 0.43%

Gandhar Oil Refinery (India) Ltd's current PE is 12.7x.

• Current PE: 12.7x
• Valuation Assessment: Significantly Undervalued

Gandhar Oil Refinery (India) Ltd's price-to-book ratio is 1.3x.

• Price-to-Book (P/B): 1.3x
• Book Value per Share: ₹138
• Current Price: ₹175

Gandhar Oil Refinery (India) Ltd is rated Strong with a fundamental score of 67.39/100. This score is calculated from objective financial metrics

• Revenue Growth YoY: +13.6% (10% weight)
• PAT Growth YoY: +208.3% (10% weight)
• PAT Growth QoQ: +8.8% (10% weight)
• Margins expanding (10% weight)

Gandhar Oil Refinery (India) Ltd has a debt-to-equity ratio of N/A.

• Total Debt: ₹315 Cr

Gandhar Oil Refinery (India) Ltd's return ratios over recent years

• FY2024: ROCE 22.0%
• FY2025: ROCE 11.0%
• FY2026: ROCE 13.0%

Gandhar Oil Refinery (India) Ltd's operating cash flow is positive (FY2026).

• Cash from Operations (CFO): ₹128 Cr
• Free Cash Flow (FCF): ₹66 Cr
• CFO/PAT Ratio: 93% (strong cash conversion)

Gandhar Oil Refinery (India) Ltd's current dividend yield is 0.43%.

• Dividend Yield: 0.43%
• Current Price: ₹175

Gandhar Oil Refinery (India) Ltd's shareholding pattern (Mar 2026)

• Promoters: 66.5%
• FII (Foreign): 0.1%
• DII (Domestic): 0.1%
• Public: 33.3%

Gandhar Oil Refinery (India) Ltd's promoter holding has increased recently.

• Current Promoter Holding: 66.5% (Mar 2026)
• Previous Quarter: 66.2% (Dec 2025)
• Change: +0.29% (increasing — positive signal)

Gandhar Oil Refinery (India) Ltd has been outperforming Nifty 500 for 5 consecutive weeks, indicating building momentum.

Gandhar Oil Refinery (India) Ltd is an established outperformer with 5 weeks of consecutive Nifty 500 outperformance.

Based on quantitative research signals, here is why Gandhar Oil Refinery (India) Ltd may be worth studying

• Earnings growing at +208.3% YoY
• Operating margins are expanding — OPM at 6.0%
• Valuation: appears significantly undervalued
• Cash flow is positive — CFO ₹128 Cr

Gandhar Oil Refinery (India) Ltd investment thesis summary:

Gandhar Oil Refinery (India) Ltd's forward outlook based on current data signals

• Earnings Trend: turning around (inflection up)
• Revenue Trend: turning around (inflection up)
• Margin Trend: expanding
• Valuation: Significantly Undervalued