Gandhar Oil Refinery India Limited

gandhar oil logoIndia’s leading company for speciality oils and lubricant. Gandhar Oil is amongst the most well-diversified players in the speciality oils and lubricants. The oils are marketed under the brand name DivyolGandhar Oil Share Price is approx Rs 300 per equity share.   

The Gandhar Group is led by Gandhar Oil Refinery, the Group’s flagship company. On the production front, Gandhar Oil runs three formidable Speciality Oil Blending Plants—one each at Taloja, Silvassa, and Sharjah (Texol Lubritech FZC). Collectively occupying about 26 acres, these plants have a combined annual production capacity exceeding 350,000 kl per annum and a base oil storage capacity of 50,000 kl.
GORL manufactures variety of petroleum products such as Industrial/ Automotive Lubricants, Mineral Oils, Transformer Oils, Petroleum Jelly and a variety of Specialty Lubricants. The company offers its product range to renowned companies across varied industries such as Pharmaceuticals, FMCG, Power, Automotive, Rubber, Cosmetics, Steel and Chemical  etc.
Additionally, the company is also engaged in trading of imported non-coking coal. Such diversification enables the company to shield its revenue growth from any untoward demand scenario in a particular industry to a large extent. Petroleum products contributed 60% and trading of non-coking coal 40% to the total revenue in FY20.
For buying unlisted Pre IPO stocks of Gandhar Oil, please visit 
Gandhar Oil Refinery India Limited Unlisted Shares Details:
Stocks Available Yes, NSDL demat only
Face Value: ₹ 2 Per Equity Share
ISIN: INE717W01049
Lot Size: 50 Shares
Current Unlisted Share Price: ₹ 275 Per Equity Share

CIN : U23200MH1992PLC068905

Gandhar Oil Refinery Financial Results

Gandhar Oil Results























In FY 2021-22 there was a subdivision of 1 equity share of Rs 10 each into 5 equity shares of Rs 2 each.

The company declared an interim dividend of Rs 3 per equity share and Rs 2.50 per equity share respectively on equity shares of Rs 2 each.

The consolidated total income during the year stood at 35,788.03 Million compared to the total income of 22,355.37 Million during the previous year. The consolidated revenue thus increased by 13,432.67 Million compared to previous year.

Segementwise – Petroleum Products & Specialty Oil – The turnover of Oil segment increased from 17,523.56 Million to 28,504.85 Million in current year and achieved a growth of
62.66 %.

Non-coking Coal – The turnover of Coal segment decreased to 674.79 Million from 2265.91 Million in current year

Others – The turnover of other segment increased from 54.54 Million to 65.66 Million in current year.

Performance of Subsidiary Companies/Associate Companies/Joint Ventures:

Gandhar Shipping and Logistics Private Limited: During the year under review the Gross revenue of the Company was 9.17 Million compared to total revenue of 124.36 Million in the previous year. Profit After Tax (PAT) stood at 0.02 Million compared to 0.07 Million in the Previous Year.

Gandhar Oil & Energy DMCC : During the year under review the total income of the Company was 1243.65 Million compared to 2,559.13 Million for the previous year.
There is a Net Loss of (182.51) Million compared to Net Profit of 143.45 Million for the previous year.

Texol Lubritech FZC : The Company has a subsidiary Company namely Texol Lubritech FZC at Sharjah in which the Company has invested in 50.10% shares. Texol Lubritech has started its manufacturing operations in the year 2019-20. The company is engaged in the business of manufacturing speciality oils and lubricants including liquid paraffin, industrial  oil and greases, transformer oils, petroleum jelly, automotive lubricants, and other petrochemical products.

During the year under review the Gross revenue of the Company was 6,167.82 Million compared to Gross revenue of 3,402.36 Million in the previous year. The Company has earned profit of 304.93 Million compared to 205.83 Million in the previous year.

During the year under review, the company has sold its coal business on slump sale basis and sold/transferred 2000 equity shares being 100% shareholding of the Company in its wholly owned subsidiary namely “Gandhar Oil & Energy DMCC” to its group Company “Gandhar Coals & Mines Pvt. Ltd.” along with all the specified tangible and intangible assets including personnel / employees and other assets in relation to such business on a going concern basis. There was no further change in the nature of business during the financial year under review.

The founder-promoter and visionary behind the Gandhar Group, Ramesh has close to 40 years of experience in the petroleum industry.
Peers / Competitors 

Gandhar Oil Refinery India Limited peers on BSE, NSE are Savita Oil Tech, Gulf Oil Lubricants, Panama Petrochem, Tide Water Oil Co(I), GP Petroleums.

Gandhar Oil Share Price currently is around Rs 275 per share.  

Gandhar Oil IPO

Shares of Gandhar Oil are currently not listed on BSE, NSE. The company is planning to bring out IPO soon.

Gandhar Oil Share Price is likely to go up once IPO details are announced. 


Incorporated in 1992, GORL is led by Mr. Ramesh B. Parekh, Chairman, Mr. Samir Parekh and Mr. Aslesh Parekh, Joint Managing Directors who are highly experienced in manufacturing of industrial and specialty oils.

The company has professional management team comprising family members to oversee day to day operations of the company. The company has grown over the years and has comprehensive product offering in both, local and international markets.

The accent will be on increasing the production of automotive oils because of their fast-growing market potential. To support this thrust, a fully automated plant for automotive oils is being set up on additional land purchased in Silvassa.

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