Arthneeti

Gujarat Natural Resources Share Price & Earnings Call Analysis

₹105.76+1.74% today
Market cap
₹1,622 Cr
P/E
84.02
ROE
5.47%
PEG
1.31
Price to sales
49.32
Debt to equity
0.06
52W high / low
₹114 / ₹84.7
Sales growth (5Y)
30.37%
EBITDA margin
67.53%
Net profit margin
32.42%
Promoter holding
1.93%
Sales (last year)
₹33 Cr

Incorporated in 1991, Gujarat Natural Resources Ltd is in the business of Oil & Gas exploration and trading of goods[1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Oil
on management's own guidance

  1. Deep IndustriesGood growth
    2
  2. Asian EnergyGood growth
    1
  3. Ganesh Benzopl.Good growth
    3
See all potential multibaggersWhere does Gujarat Natural Resources rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Oil companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
1Asian Energy20–40%Up 2%+₹2,014 Cr25.2
2Deep Industries20–40%Up 0–2%₹4,273 Cr10.3
3Ganesh Benzopl.20–40%Flat₹635 Cr9.7
410–20%Flat₹2.84L Cr6.5
510–20%Flat₹73,848 Cr8.8
610–20%Flat₹11,822 Cr20.8

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Financials of Gujarat Natural Resources

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Gujarat Natural Resources

Quarterly Results

Quarter-by-quarter operating performance

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +3.263.366.137.006.427.846.414.934.384.333.358.657.32
Expenses +2.733.373.387.374.176.953.853.234.267.183.083.813.77
Operating Profit0.53-0.012.75-0.372.250.892.561.700.12-2.850.274.843.55
OPM %16.26%-0.30%44.86%-5.29%35.05%11.35%39.94%34.48%2.74%-65.82%8.06%55.95%48.50%
Other Income +0.16-1.360.070.370.35-0.470.080.090.092.533.381.322.01
Interest0.501.360.060.660.641.260.070.661.241.560.600.570.61
Depreciation2.17-1.911.562.401.192.381.691.581.570.361.131.251.29
Profit before tax-1.98-0.821.20-3.060.77-3.220.88-0.45-2.60-2.241.924.343.66
Tax %0.00%57.32%0.00%-1.96%10.39%-13.98%9.09%0.00%0.00%-29.02%0.00%11.75%16.12%
Net Profit +-1.98-1.281.20-3.010.70-2.770.80-0.46-2.59-1.591.933.843.07
EPS in Rs-0.15-0.100.09-0.230.05-0.220.06-0.04-0.20-0.120.150.300.24

Financials of Gujarat Natural Resources

Profit & Loss

Annual income statement trend

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +12.9813.9010.068.467.487.9310.718.108.3913.3127.4020.0523.65
Expenses +8.307.416.436.036.175.389.057.959.2212.3121.8618.5217.84
Operating Profit4.686.493.632.431.312.551.660.15-0.831.005.541.535.81
OPM %36.06%46.69%36.08%28.72%17.51%32.16%15.50%1.85%-9.89%7.51%20.22%7.63%24.57%
Other Income +3.707.012.741.404.130.21-24.621.070.60-1.080.312.799.24
Interest1.255.302.500.700.700.650.451.240.812.582.633.533.34
Depreciation2.705.193.602.334.494.664.214.133.363.077.535.204.03
Profit before tax4.433.010.270.800.25-2.55-27.62-4.15-4.40-5.73-4.31-4.417.68
Tax %0.68%0.00%-11.11%47.50%36.00%-9.02%-0.62%0.96%-7.05%8.20%-9.98%-14.74%
Net Profit +4.403.010.300.420.16-2.33-27.46-4.19-4.09-6.20-3.88-3.767.25
EPS in Rs0.710.490.050.070.03-0.38-3.05-0.47-0.32-0.48-0.30-0.290.57
Dividend Payout %76.88%12.87%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Financials of Gujarat Natural Resources

Balance Sheet

Capital structure and asset base

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital38.7538.7538.7538.7538.7538.7556.2556.2580.2580.2580.25128.40128.40
Reserves49.6450.6450.9450.9947.2557.7841.2449.6237.7132.8028.8524.9452.74
Borrowings +8.0015.1019.1919.4843.4022.8517.2324.3020.2235.8640.7411.729.00
Other Liabilities +47.6446.0135.5435.2026.0024.2724.4119.2117.6513.949.678.4122.19
Total Liabilities144.03150.50144.42144.42155.40143.65139.13149.38155.83162.85159.51173.47212.33
Fixed Assets +39.8035.3234.5449.7045.4541.5442.3241.2738.4345.9155.9451.3353.54
CWIP43.6755.8758.5442.8842.3342.3738.0538.1638.6639.2120.9822.4238.86
Investments0.000.005.6715.1018.7518.750.000.000.000.000.000.000.00
Other Assets +60.5659.3145.6736.7448.8740.9958.7669.9578.7477.7382.5999.72119.93
Total Assets144.03150.50144.42144.42155.40143.65139.13149.38155.83162.85159.51173.47212.33

Financials of Gujarat Natural Resources

Cash Flows

Operating, investing and financing cash movement

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +19.330.91-4.232.247.292.57-49.130.71-17.788.86-2.03-30.43
Cash from Investing Activity +-8.96-6.26-8.28-9.99-3.28-0.7918.15-0.53-1.12-11.210.72-2.09
Cash from Financing Activity +0.593.783.387.40-2.97-2.5034.390.5817.493.520.7433.90
Net Cash Flow10.96-1.57-9.13-0.351.04-0.713.410.77-1.411.16-0.581.38
Free Cash Flow6.88-12.04-9.560.316.421.68-50.070.71-18.80-2.23-1.31-32.52
CFO/OP413%14%-117%92%570%113%-2,960%500%2,142%886%-37%-1,985%

Financials of Gujarat Natural Resources

Ratios

Working capital efficiency and return ratios

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days275.02243.95345.41433.17465.52443.71122.01129.78280.6050.1834.6436.23
Inventory Days386.03712.09
Days Payable1,295.442,299.72
Cash Conversion Cycle275.02243.95345.41433.17465.52443.71-787.40-1,457.86280.6050.1834.6436.23
Working Capital Days252.80449.29481.47291.2234.6520.71889.151,084.641,795.42925.25553.491,385.91
ROCE %5.95%8.08%2.60%1.38%-2.46%-1.53%-1.67%-2.38%-2.68%-0.73%-1.12%-0.56%
35out of 100

Momentum score · price trend

35 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+14.7%71%
Last 6 months+4.4%61%
Last 3 months+11.5%83%

The price is 40.7% below its all-time high of ₹175.28 (23 Oct 2014). Stocks more than 20% below their peak have their score halved, so 70 became 35.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Gujarat Natural Resources: 0.4 × 71 + 0.4 × 61 + 0.2 × 83 = 70, halved to 35 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

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