Gandhar Oil Refinery (india) Limited · NSE:GANDHAR
Gandhar Oil Refinery (india) — Q4 FY26 Earnings Presentation
25 slides from Gandhar Oil Refinery (india)'s earnings presentation, May 26, 2026
Slide 1: Stock exchange covering letter for Investor Presentation Q4 & FY26
May 26, 2026 To, Listing Compliance Department Listing & Compliance Department BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor Dalal Street, Mumbai – 400001 Plot No. C/1, “G” Block BSE Scrip Code: 544029 Bandra-Kurla Complex Bandra (E), Mumba
Slide 2: Investor Presentation Q4 & FY26
Investor Presentation Q4 & FY26
Slide 3: Safe Harbor
Safe Harbor This presentation has been prepared by Gandhar Oil Refinery (India) Limited (“Company") solely for information purposes without any regard to any specific objectives, financial situations or informational needs of any particular person. This presentation may not be copied, distributed or
Slide 4: An Insight into Gandhar Oil
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Slide 5: Gandhar Oil – Unique Positioning
Gandhar Oil – Unique Positioning India’s Largest White Focus on Consumer & Direct Supplier Large Scale of Oil Player Healthcare Relationships Operations One of India’s largest manufacturer of PHPO, the largest business division, Strong relationships with leading global FY26 Revenues of INR 42,412 mn
Slide 6: PHPO - Largest Business Division
PHPO - Largest Business Division Key Customers include Leading Indian and Global Companies Key End Applications Products Cosmetics and skin care products White oils, waxes and jellies Ointments and over-the-counter medicines Contributes 48% revenues from finished goods sold1 Design and development o
Slide 7: Serving Diversified Customers across Geographies
Serving to Diversified Customers across Geographies Long Term Relationships with Leading Global and Global Footprint in 100+ Countries across 6 continents Indian Customers PHPO North America Europe Asia Africa Australia South America Lubricant Antarctica Exports – Continent-wise PIO TOSHIBA Overseas
Slide 8: Strategies Fueling Growth and Performance in the Recent Years
Strategies Fueling Growth and Performance in the Recent Years Strengthening Customer Base Expanding Across Geographies Strong Supplier Base Minimized Commodity Price Risk • Gandhar’s growth is the result of • Set up Texol plant in 2017 in UAE • Strong relationships with leading • Adopted price pass-
Slide 9: Strengths That Elevate Our Performance
Strengths That Elevate Our Performance
Slide 10: Largest Manufacturer of White Oils in India
Largest Manufacturer of White Oils in India1 One of the Leading Player in the White Oil Industry With Significant Revenue from Overseas Sales Revenue from Overseas sales (INR Cr) 2,403 #1 player in India2 Top 5 player globally3 2,173 1,817 1,566 1,346 26.5% market share in 9.6% market share globally
Slide 11: Strategically Located Manufacturing Facilities and R&D Capabilities
Strategically Located Manufacturing Facilities and R&D Capabilities Operates Two Manufacturing Facilities in Western India and One in UAE R&D Facility in Silvassa Sharjah 235,294 kL Certificate of registration by the DSIR R&D center at Silvassa has been granted Strong Silvassa 143,853 kL Taloja Rese
Slide 12: Resilient Business Model with Prudent Risk Management Framework
Resilient Business Model with Prudent Risk Management Framework Risk Management Framework Commodity Price Risk Foreign Exchange Risk Credit Risk Liquidity Risk • For the supply arrangements with • Hedging and risk management • Gandhar has in excess of 4,000 • Gandhar has fund and non-fund key suppli
Slide 13: Diversified Product Range catering to Diverse industries
Diversified Product Range catering to Diverse industries Products End Industries Personal care, Healthcare and Performance Oils (‘PHPO’) 48.0%1 White oil Waxes Petroleum jelly Consumer Healthcare Chemicals and plastics Lubricant Industrial machines and 27.0%1 Automobile Automobile oil Industrial oil
Slide 14: Experienced Board of Directors
Experienced Board of Directors Ramesh Parekh Chairperson & Managing Director • Founder of the company with 30 years of experience in the specialty oils industry • Acts as an exemplary mentor, providing visionary insights and strategic guidance Raj Kishore Singh Independent Director • Former Chairman
Slide 15: Our Journey
Our Journey 1992 1994 2000 2004 2010 2013 2015 2018 2019 2022 2023 2024 Incorporated as a Commenced the Received the first Recognised as a Three Consolidated Recognised as a ‘Four private limited manufacture of order from a Star Export House by turnover crossed Star Export House’ by company under sp
Slide 16: Roadmap for Next Level of Growth
Roadmap for Next Level of Growth
Slide 17: Key Strategies for Future Growth
Key Strategies for Future Growth Strengthen our customer base Enhanced focus on the Continue to increase overseas by growing existing customer consumer and healthcare sales by strategically expanding business and acquiring end-industries product offerings new customers o End-use industries such as p
Slide 18: Financial Highlights
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Slide 19: Quarterly Financial Performance
Quarterly Financial Performance Revenue (INR Cr) Gross Profit & Manufacturing Gross Margin Spreads Manufacturing Gross Margin Spread (INR/kL) 1,177 1,068 1,093 9,146 8,274 9,248 7,923 9,351 962 903 130 137 113 119 101 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 EBITDA (INR
Slide 20: Profit & Loss Statement
Profit & Loss Statement Particulars (₹ in Cr) Q4FY26 Q4FY25 Q3FY26 FY26 Revenue from Operations 1,093.4 961.7 1,176.7 4,241.2 Cost of Material Consumed 920.1 838.7 1038.5 3,719.5 Purchases of stock in trade 8.5 6.5 41.0 54.1 Change in Inventories of Finished goods & Work in Progress 28.2 3.5 -21.7 -
Slide 21: Historical Profit & Loss Statement
Historical Profit & Loss Statement Particulars (₹ in Cr) FY23 FY24 FY25 FY26 Revenue from Operations 4,079.0 4,113.2 3,896.9 4,241.2 Cost of Material Consumed 3,326.0 3,533.0 3,423.4 3,719.5 Purchases of stock in trade 214.6 90.1 60.5 54.1 Change in Inventories of Finished goods & Work in Progress 1
Slide 22: Historical Balance Sheet
Historical Balance Sheet Assets (₹ in Cr) FY23 FY24 FY25 FY26 Non ‐ Current Assets Property, plant and equipment 192.9 297.9 337.7 373.8 Capital work‐in‐progress 72.7 8.6 7.6 29.0 Right of use assets 42.5 60.5 110.2 122.4 Goodwill on Amalgamation 0.3 0.3 0.3 0.3 Intangible assets 1.1 1.1 0.9 0.9 Inv
Slide 23: Historical Balance Sheet
Historical Balance Sheet Equity & Liabilities (₹ in Cr) FY23 FY24 FY25 FY26 Equity (a) Equity share capital 16.0 19.6 19.6 19.6 (b) Other equity 727.4 1,152.6 1,216.5 1,332.8 Equity attributable to equity holders of the parent 743.4 1,172.2 1,236.1 1,352.4 Non‐controlling interests 34.9 51.4 52.8 47
Slide 24: Sales Manufacturing Volumes
Sales Manufacturing Volumes Total Sales Manufacturing Volumes (kl) PHPO (kl) 5,45,755 4,85,570 5,00,231 2,56,619 2,60,876 4,11,373 4,33,498 2,37,727 2,36,742 2,14,724 3,22,009 1,43,917 FY21 FY22 FY23 FY24 FY25 FY26 FY21 FY22 FY23 FY24 FY25 FY26 Lubricants (kl) PIO (kl) Channel Partners (kl) 1,37,365
Slide 25: Thank you
COMPANY : Gandhar Oil Refinery (INDIA) Ltd CIN : L23200MH1992PLC068905 Ms. Binal Khosla Email: investor@gandharoil.com www. gandharoil.com www. gandharoil.com INVESTOR RELATIONS ADVISORS : MUFG Intime India Private Limited A part of MUFG Corporate Markets, a division of MUFG Pension & Market Service
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