Gandhar Oil Annual Report | Balance Sheet for FY 2021-22

Gandhar Oil Refinery India Limited (Gandhar Oil) Return Comparision with Primex 40 Index

Periods	1 Week	1 Month	3 Months	6 Months	1 Year	3 Years	All Time
Primex-40
Gandhar Oil Refinery India Limited

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

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

Gandhar Oil Cash Flow Statement for the last three years (In Rs. Crore)

Particulars	31st March 2022	31st March 2021	31st March 2020
Cash Flow Summary
Cash and Cash Equivalents at Beginning of the year	8.5	3.95	3.67
Net Cash from Operating Activities	117.3	101.77	22.25
Net Profit before Tax & Extraordinary Items	257.7	71.25	20.54
Depreciation	11.74	11.68	10.77
Interest (Net)	16.98	29.67	38.41
Dividend Received	-44.74	0	-7.4
P/L on Sales of Assets	0.09	-0.18	0
P/L on Sales of Invest	-5.38	0	-0.34
Prov. & W/O (Net)	5.46	18.02	1.51
P/L in Forex	1.48	-0.52	14.84
Others	0.04	0.1	-0.01
Total Adjustments (PBT & Extraordinary Items)	-14.32	58.77	57.78
Op. Profit before Working Capital Changes	243.38	130.02	78.32
Trade & 0th receivables	0	0	0
Inventories	-59.49	-13.76	67.96
Others	-9.23	-10.67	-125.02
Total (OP before Working Capital Changes)	-68.72	-24.42	-57.06
Cash Generated from/(used in) Operations	174.67	105.6	21.25
Direct Taxes Paid	-57.87	-3.83	0.99
Others	0.51	0	0
Total-others	-57.36	-3.83	0.99
Cash Flow before Extraordinary Items	117.3	101.77	22.25
Net Cash Used in Investing Activities	26.89	-6.03	3.37
Purchased of Fixed Assets	-30.01	-10.44	-16.7
Purchase of Investments	0	-0.1	0
Sale of Investments	5.53	0	5.22
Interest Received	6.64	4.51	7.45
Dividend Received	44.74	0	7.4
Net Cash Used in Financing Activities	-114.67	-91.19	-25.34
Proceed from 0ther Long Term Borrowings	0	2.47	11.41
Proceed from Bank Borrowings	0	0	0
Proceed from Short Term Borrowings	0	0	5.34
Proceed from Deposits	0	0	13.89
Of the Long Term Borrowings	-11.62	0	0
Of the short term Borrowings	-12.68	-37.54	0
Of financial Liabilities	-5.15	-3.88	-2.92
Dividend Paid	-45.6	0	-7.2
Interest Paid	-23.62	-34.18	-45.86
Others	-16	-18.07	0
Net Inc/(Dec) in Cash and Cash Equivalent	29.53	4.55	0.28
Cash and Cash Equivalents at End of the year	38.02	8.5	3.95

Summary of Cash Flow Statement for the years ending on March 31, 2022, March 31, 2021, and March 31, 2020, for Gandhar Oil:

Operating Activities:

Net cash from operating activities for the year ending March 31, 2022, was Rs. 117.3 crores.
Net cash from operating activities for the year ending March 31, 2021, was Rs. 101.77 crores.
Net cash from operating activities for the year ending March 31, 2020, was Rs. 22.25 crores.
These positive cash flows indicate that the company generated cash from its core operations in all three years.

Investing Activities:

Net cash used in investing activities for the year ending March 31, 2022, was Rs. 26.89 crores.
Net cash used in investing activities for the year ending March 31, 2021, was Rs. -6.03 crores.
Net cash used in investing activities for the year ending March 31, 2020, was Rs. 3.37 crores.
These activities include the purchase and sale of fixed assets and investments, as well as interest and dividend received.

Financing Activities:

Net cash used in financing activities for the year ending March 31, 2022, was Rs. -114.67 crores.
Net cash used in financing activities for the year ending March 31, 2021, was Rs. -91.19 crores.
Net cash used in financing activities for the year ending March 31, 2020, was Rs. -25.34 crores.
These activities include long-term and short-term borrowings, proceeds from deposits, repayment of borrowings, dividend payments, interest paid, and other financing-related transactions.

Overall, the cash flow statement shows that the company had positive cash flows from its operating activities, utilized cash in its investing activities, and had negative cash flows in its financing activities for the given years. The company ended the years with cash and cash equivalents of Rs. 38.02 crores (March 31, 2022), Rs. 8.5 crores (March 31, 2021), and Rs. 3.95 crores (March 31, 2020).

Funds Flow Statement of Gandhar Oil Refinery India Limited (Rs. In crore)

Particulars	Mar-22	Mar-21	Mar-20	Mar-19	Mar-18
Sources of funds
Cash profit	207.4	62.74	28.7	28.79	58.87
Increase in other net worth	0.06	0.1	0	0	0
Increase in loan funds	0	0	32.79	0	0
Decrease in investments	0.11	0	4.87	1.48	0
Decrease in working capital	0	0	0	196.45	0
Total Inflow	207.57	62.84	66.36	226.72	58.87
Application of funds
Decrease in net worth	0	0	1.54	0.74	0.68
Decrease in loan funds	29.95	38.58	0	197.11	40.52
Increase in gross block	28.98	11.41	34.47	9.68	8.41
Increase in investments	0	0.13	0	0	2.28
Increase in working capital	103.04	12.72	23.14	0	3.78
Dividend	45.6	0	7.2	19.2	3.2
Total Outflow	207.57	62.84	66.35	226.73	58.87

Dividend History of Gandhar Oil Refinery (India) Limited

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 Gandhar Oil Refinery (India) Limited

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.
The current Ratio of the company as of 31st March 2020 was 1.45.
The 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. 244.0

Gandhar Oil Annual Reports, Balance Sheet and Financials

Gandhar Oil Refinery India Limited (Gandhar Oil) Return Comparision with Primex 40 Index

Balance Sheet of Gandhar Oil Refinery (India) Limited (In Rs. Crores)

Profit & Loss Statement of Gandhar Oil Refinery (India) Limited (In Rs. Crores)

Gandhar Oil Cash Flow Statement for the last three years (In Rs. Crore)

Funds Flow Statement of Gandhar Oil Refinery India Limited (Rs. In crore)

Dividend History of Gandhar Oil Refinery (India) Limited

Performance of Gandhar Oil Refinery (India) Limited

Gandhar Oil Refinery Annual Report 2021-22

Gandhar Oil Refinery Annual Report 2019-20

Gandhar Oil Refinery Annual Report 2020-21

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