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×

gandhar oil refinery india Limited

195.00
-2.50 %
Scrip Name
Gandhar Oil
ISIN No.
INE717W01023
PAN No.
AAACG3996J
Face Value
2
No. of Outstanding Shares
80,000,000
Market Capitalization
1,560.00 Crore

GANDHAR OIL REFINERY (INDIA) LIMITED UNLISTED SHARE


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.


INCORPORATION DETAILS


CIN

U23200MH1992PLC068905

Registration Date

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,

Email: cs@gandharoil.com

Website.: www.gandharoil.com

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

58.14%

Non Coking Coal

270119

41.85%

 

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

Subsidiary/Associate

% of shares held

Gandhar Shipping and Logistics Private Limited

Subsidiary

100.00%

Gandhar Global Singapore Pte. Ltd.

Subsidiary

100.00%

Gandhar Oil & Energy DMCC

Subsidiary

100.00%

Texol Lubritech FZC

Associate

50.00%

 

 

GANDHAR OIL REFINERY (INDIA) LIMITED UNLISTED SHARE DETAILS


Total Available Shares:

1,60,00,000

Face Value:

Rs. 10 Per Equity Share

ISIN:

INE717W01023

PAN No. :

AAACG3996J

Lot Size:

100

Last Traded Price:

Rs. 200

Market Cap:

Rs. 320.00 Crore


SHAREHOLDING PATTERN

(As on 31-03-2020)

S. No.

Shareholders’ Name

Number of shares

% of total Shares of the company

1

Promoter’s Shareholding

1,40,00,000

87.5%

2

Public Shareholding

20,00,000

12.50%

 

Total

1,60,00,000

100.00%


INDUSTRY OUTLOOK

 

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)

 

PARTICULARS

2020

2019

2018

Revenue from Operations

2,502.24

3,567.53

2,747.13

EBITDA

61.43

70.54

130.00

EBITDA margins

2.46%

1.98%

4.73%

Finance Cost

48.84

47.42

45.13

Depreciation

10.84

7.54

9.60

Other Income

14.05

26.87

13.41

Profit before Exceptional items and Tax, and share of profit  from associates

15.80

42.45

88.67

Share of profit from associates

-1.00

0.23

-0.10

Exceptional items

0.00

16.06

0.00

Total Tax

3.06

7.89

24.13

Profit After Tax (PAT)

11.75

18.73

64.44

EPS

7.34

11.71

40.28

 

BALANCE SHEET OF GANDHAR OIL REFINERY (INDIA) LIMITED                       (In Rs. Crores)

PARTICULARS

31st March 2020

31st March 2019

ASSETS



NON CURRENT ASSETS



Tangible assets

113.57

103.86

Intangible assets

14.35

1.54

Financial assets

3.24

2.27

Tax assets (net)

1.61

0.00

Other non-current assets

2.19

1.10

TOTAL NON CURRENT ASSETS

134.96

108.77

CURRENT ASSETS



Inventories

184.85

252.81

Trade Receivables

463.58

613.33

Cash and cash equivalents

100.23

115.23

Financial assets

17.42

12.36

Tax assets (net)

17.91

22.65

Other current assets

133.61

146.03

TOTAL CURRENT ASSETS

917.60

1,162.41

TOTAL ASSETS

1,052.56

1,271.18

EQUITY



Share capital

16.00

16.00

Reserves and surplus

374.50

368.45

TOTAL EQUITY

390.50

384.45

NON CURRENT LIABILITIES



Long Term Borrowings

16.11

2.51

Lease liabilities

11.63

0.00

Long Term Provision

2.52

2.17

Tax liabilities

0.00

0.68

TOTAL NON CURRENT LIABILITIES

30.26

5.36

CURRENT LIABILITIES



Short-term borrowings

112.19

109.17

Lease liabilities

3.88

0.00

Trade payables

479.02

705.95

Other Current Liabilities

20.23

38.96

Short Term Provision

0.45

0.61

Other Financial liabilities

16.04

26.67

Tax liabilities

0.00

0.02

TOTAL CURRENT LIABILITIES

631.80

881.37

TOTAL LIABILITIES

662.06

886.73

TOTAL EQUITY AND LIABILITIES

1,052.56

1,271.18

 

DIVIDEND HISTORY

Particulars

2020

2019

2018

Dividend (final + interim) (In Rs.)

4.50

10

12

Retained Earnings (Consolidated) (In Rs. Crores)

210.91

207.90

209.02

 

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


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