ABOUT GANDHAR OIL REFINERY (INDIA) LIMITED
GANDHAR OIL REFINERY (INDIA) LIMITED is engaged in the business of Specialty Oils and Lubricants. The company undertakes the manufacturing and marketing of Specialty Oils and Lubricants. The company is now also engaged in the business of Coal, and imports non-coking coal, mainly from Indonesia & South Africa, and supply it to industries in India including steel, power, cement, paper, etc. The company also works as a consignment stockist and Del-Credere agent for Indian Oil Corporation Limited (IOCL) for the sale of various polymer products.
Gandhar Oil Refinery (India) Limited imports raw materials, which is ‘Base oil’ mainly from South Korea and the Middle East for Specialty oils and lubricants products. Additives are purchased from Multi-National Companies of India, and waxes are procured from domestic companies and also imported from China and Thailand.
The product range of Specialty oils and lubricants includes Liquid paraffin, industrial oil and greases, transformer oils, automotive lubricants, petroleum jelly, and rubber processing oils under the brand named ‘Divyol’. The company supplies its products to various industries including pharmaceuticals, FMCG, chemicals, steel, rubber, automotive, and power.
07 October 1992
Category/Sub-category of the Company
Limited by Shares
Address of the Registered office and contact details
DLH Park, 18 Floor, S. V. Road, Goregaon (West),
Mumbai - 400062, Maharashtra
Phone: +91-22-4063 5600,
Name, Address and Contact Details of
Registrar and Transfer Agent, if any
Link Intime India Private Limited
C-101,1 Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai-83
Tel No. +91 22 49186200
PRINCIPAL BUSINESS ACTIVITES OF THE COMPANY
Name and Description of main products/services
NIC Code of the product/service
% to total turnover of the Company
Petroleum and Oils /Jelly /Paraffin Wax obtained from Bituminous Minerals, Crude
2710, 2712 and 2713
Non Coking Coal
BOARD OF DIRECTORS
Mr. Ramesh Parekh (Chairman & Managing Director)
Mr. Samir Parekh (Whole-time Director)
Mr. Aslesh Parekh (Whole-time Director)
Mr. Raj Kishore Singh (Independent Director)
Ms. Amrita Nautiyal (Independent Director)
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Name of the Company
% of shares held
Gandhar Shipping and Logistics Private Limited
Gandhar Global Singapore Pte. Ltd.
Gandhar Oil & Energy DMCC
Texol Lubritech FZC
GANDHAR OIL REFINERY (INDIA) LIMITED UNLISTED SHARE DETAILS
Total Available Shares:
Rs. 10 Per Equity Share
PAN No. :
Last Traded Price:
Rs. 320.00 Crore
(As on 31-03-2020)
Number of shares
% of total Shares of the company
The oil and gas sector plays an important role in making decisions for all the other sections of the economy as it is one of the core industries of India. It is expected that the need for oil and gas will grow more in near future; thereby the sector looks attractive for investment. For that purpose, the Government of India has allowed 100% FDI in many sectors including natural gas, petroleum products, and refineries.
India is expected to be one the largest contributors to non-OECD petroleum consumption growth globally. Crude Oil import in India has increased from US$ 70.72 billion in 2016-17 to US$ 101.4 billion in 2019-20. As of 1st April 2021, India’s total installed provisional refinery capacity stood at 250 MMT. In FY20, crude oil production in India stood at 32.2 MMT. In March 2021, the crude oil production stood at 2.6 MMT, while for FY21 it was 30.5 MMT. In FY20, crude oil import increased to 4.54 mbpd from 4.53 mbpd in FY19.
Consumption of Petroleum products in India grew 4.5% to 213.69 MMT during FY 2020 from 213.22 MMT in FY 2019. Export of petroleum products from India increased to US$ 35.8 billion in FY 2020 from US$ 34.9 billion in FY 2019. In FY 2021, petroleum products exported from India stood at 55.9 MMT.
PROFIT & LOSS STATEMENT OF GANDHAR OIL REFINERY (INDIA) LIMITED (In Rs. Crores)
Revenue from Operations
Profit before Exceptional items and Tax, and share of profit from associates
Share of profit from associates
Profit After Tax (PAT)
BALANCE SHEET OF GANDHAR OIL REFINERY (INDIA) LIMITED (In Rs. Crores)
31st March 2020
31st March 2019
NON CURRENT ASSETS
Tax assets (net)
Other non-current assets
TOTAL NON CURRENT ASSETS
Cash and cash equivalents
Tax assets (net)
Other current assets
TOTAL CURRENT ASSETS
Reserves and surplus
NON CURRENT LIABILITIES
Long Term Borrowings
Long Term Provision
TOTAL NON CURRENT LIABILITIES
Other Current Liabilities
Short Term Provision
Other Financial liabilities
TOTAL CURRENT LIABILITIES
TOTAL EQUITY AND LIABILITIES
Dividend (final + interim) (In Rs.)
Retained Earnings (Consolidated) (In Rs. Crores)
PERFORMANCE OF THE COMPANY
Revenue from Operations of the company decreased by 29.86% from Rs. 3,567.53 Crores in FY 2019 to Rs. 2,502.24 Crores in FY 2020.
EBITDA of the company decreased by 12.91% from Rs. 70.54 Crores in FY 2019 to Rs. 61.43 Crores in FY 2020. However, EBITDA margins improved from 1.98% in FY 2019 to 2.46% in FY 2020.
Profit After Tax of the company significantly reduced by 37.28% from Rs. 18.73 Crores in FY 2019 to Rs. 11.75 Crores in FY 2020.
Current Ratio of the company as of 31st March 2020 was 1.45.
Debt to Equity Ratio of the company as of 31st March 2020 was 0.32.
The company has given a dividend of Rs. 4.50 per equity share for FY 2020.
The book value per equity share of the company as of 31st March 2020 was Rs. 244.06
Powered by Froala Editor