Gandhar Oil Refinery (India) Share Price Target 2026 Analyst Forecast Bull and Bear Case
- June 11, 2026
- Posted by: Kunal Singla
- Category: News
The Gandhar Oil Refinery (India) share price target 2026 is Rs 190, implying approximately 20 percent upside from the current market price of Rs 158.11 (NSE: GANDHAR). Q4 FY26 results announced May 30, 2026 are the key near-term trigger, with White Oils and Specialty Petroleum Products tailwinds supporting re-rating toward Rs 190.
The Gandhar Oil Refinery (India) share price target 2026 is Rs 190, based on analyst estimates and the FY27 earnings recovery thesis for Gandhar Oil Refinery (India) (NSE: GANDHAR). Q4 FY26 results announced May 30, 2026 are the immediate re-rating trigger. This article covers the complete Gandhar Oil Refinery (India) share price target analysis including sector tailwinds, peer context, key risks, and bull and bear case scenarios.
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Gandhar Oil Refinery (India) Share Price Target 2026: Key Takeaways
- Gandhar Oil Refinery (India) share price target 2026: Rs 190 (base case, 20% upside from CMP Rs 158.11)
- Bull case: Rs 230 | Bear case: Rs 125
- NSE ticker: GANDHAR | Sector: White Oils and Specialty Petroleum Products | Market cap: Rs 1,740 crore
- 52 week range: Rs 95 to Rs 269 | PE: 20x
- Key catalyst: Q4 FY26 results confirming FY27 earnings recovery
- Key risk: FY27 earnings miss or sustained FII outflows from Indian equities
Gandhar Oil Refinery (India) Company Overview
Gandhar Oil Refinery (India) (NSE: GANDHAR) is a Mumbai-based India’s largest white oil and specialty petroleum products manufacturer, listed in 2024, supplying pharmaceutical-grade white oil, transformer oil, and process oils to pharma, food, and FMCG sectors. At CMP Rs 158.11 against a 52 week range of Rs 95 to Rs 269, the stock trades at a discount to its 52 week high. Market capitalisation is Rs 1,740 crore with trailing PE of 20x. Compared to peers in specialty petroleum like Gulf Oil and Tide Water Oil, Gandhar Oil Refinery (India) is positioned as a potential re-rating candidate toward the Gandhar Oil Refinery (India) share price target of Rs 190.
| Parameter | Value |
|---|---|
| NSE Ticker | GANDHAR |
| Sector | White Oils and Specialty Petroleum Products |
| CMP (May 30, 2026) | Rs 158.11 |
| 52 Week High | Rs 269 |
| 52 Week Low | Rs 95 |
| Market Cap | Rs 1,740 crore |
| Trailing PE | 20x |
| 12-Month Analyst Target | Rs 190 |
| Bull Case Target | Rs 230 |
| Bear Case Target | Rs 125 |
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Why Is the Gandhar Oil Refinery (India) Share Price Target Set at Rs 190 for 2026
FY27 Earnings Delivery and Revenue Acceleration
The Gandhar Oil Refinery (India) share price target 2026 of Rs 190 rests on analyst projections of 15 to 20 percent PAT growth in FY27. Q4 FY26 results confirming the earnings recovery trajectory are the most direct catalyst for re-rating from CMP Rs 158.11 toward Rs 190.
Structural Sector Tailwinds in White Oils and Specialty Petroleum Products
The White Oils and Specialty Petroleum Products sector is expanding on the back of India’s domestic demand growth, PLI scheme support, and rising investment. Gandhar Oil Refinery (India)’s position among peers in specialty petroleum like Gulf Oil and Tide Water Oil creates a structural growth runway supporting the Gandhar Oil Refinery (India) share price target of Rs 190 and bull case of Rs 230.
RBI Rate Cut Cycle and Lower Cost of Capital
India’s RBI rate cut cycle, commencing early 2026, reduces Gandhar Oil Refinery (India)’s borrowing costs and stimulates demand. Lower interest costs improve EPS trajectory, directly supporting the Gandhar Oil Refinery (India) share price target of Rs 190.
Union Budget 2026-27 Policy Support
Budget 2026-27’s Rs 11.21 lakh crore infrastructure capex and PLI scheme continuity create a positive policy backdrop for Gandhar Oil Refinery (India)’s White Oils and Specialty Petroleum Products operations, improving the probability of achieving the Gandhar Oil Refinery (India) share price target of Rs 190.
Improving FII Flows Post the April 2026 Tariff Shock
As global macro conditions normalise post the April 2026 US tariff event, FII flows into quality Indian equities are recovering. At 20x PE, Gandhar Oil Refinery (India) is positioned as a beneficiary of institutional reallocation toward the Gandhar Oil Refinery (India) share price target of Rs 190.
Gandhar Oil Refinery (India) Share Price Targets: Short Term, 12 Month, and Long Term
Short Term Gandhar Oil Refinery (India) Share Price Target: 3 to 6 Months
The near-term Gandhar Oil Refinery (India) share price target is anchored to support near the 52 week low of Rs 95. A confirmed Q4 FY26 earnings recovery is the trigger for an initial 10 to 15 percent re-rating toward Rs 190.
12-Month Gandhar Oil Refinery (India) Share Price Target 2026
The 12-month Gandhar Oil Refinery (India) share price target 2026 is Rs 190, implying approximately 20 percent upside from CMP Rs 158.11. Track live on NSE ticker GANDHAR.
Long Term Gandhar Oil Refinery (India) Share Price Target: FY27 to FY28
For investors with a 2 to 3 year horizon, the long-term Gandhar Oil Refinery (India) share price target is Rs 230 in the bull case, assuming full earnings delivery and sector re-rating among peers in specialty petroleum like Gulf Oil and Tide Water Oil.
Bull Case and Bear Case for the Gandhar Oil Refinery (India) Share Price Target
Bull Case Gandhar Oil Refinery (India) Share Price Target: Rs 230
The bull case of Rs 230 materialises when FY27 earnings beat estimates, White Oils and Specialty Petroleum Products tailwinds accelerate, and FII flows return strongly to Indian equities, enabling re-rating toward higher peer multiples.
Bear Case Gandhar Oil Refinery (India) Share Price Target: Rs 125
The bear case of Rs 125 materialises if FY27 earnings disappoint and FII outflows persist, with the stock approaching the 52 week low of Rs 95.
| Scenario | Target | Key Conditions |
|---|---|---|
| Bull Case | Rs 230 | FY27 earnings beat, re-rating, FII inflows |
| Base Case | Rs 190 | In-line FY27 delivery, partial FII recovery |
| Bear Case | Rs 125 | FY27 miss, guidance cut, FII outflows |
Key Risks to the Gandhar Oil Refinery (India) Share Price Target 2026
US Tariff and Global Macro Risk
Prolonged US tariff tension or a global demand slowdown remains a key macro risk to the Gandhar Oil Refinery (India) share price target 2026 of Rs 190.
Valuation and Earnings Miss Risk
Any FY27 earnings miss or guidance cut could compress multiples, posing the most direct risk to the Gandhar Oil Refinery (India) share price target of Rs 190.
Competitive Pressure in White Oils and Specialty Petroleum Products
Intensifying competition among peers in specialty petroleum like Gulf Oil and Tide Water Oil could compress Gandhar Oil Refinery (India)’s pricing power, which must be factored into any assessment of the Gandhar Oil Refinery (India) share price target of Rs 190.
FII Selling Pressure and Liquidity Risk
Sustained FII outflows from Indian equities can delay re-rating toward the Gandhar Oil Refinery (India) share price target of Rs 190 regardless of company-level improvement through FY27.
How to Invest in Gandhar Oil Refinery (India)
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Begin by reviewing Gandhar Oil Refinery (India)’s Q4 FY26 results, annual report, and FY27 guidance before forming a view on the Gandhar Oil Refinery (India) share price target of Rs 190. Focus on revenue growth, margin trends, and management commentary on White Oils and Specialty Petroleum Products sector opportunities.
Open a Demat and trading account with a SEBI registered stockbroker to buy Gandhar Oil Refinery (India) (NSE: GANDHAR) with full regulatory protection. Understand the competitive dynamics among peers in specialty petroleum like Gulf Oil and Tide Water Oil before executing any position.
Plan your entry near the 52 week low support of Rs 95. A confirmed Q4 FY26 earnings uptick and positive FY27 guidance would strengthen the entry case for the Gandhar Oil Refinery (India) share price target of Rs 190. Set a disciplined stop loss below the 52 week low.
Restrict any single stock to 3 to 5 percent of your total equity portfolio to manage concentration risk, especially in the White Oils and Specialty Petroleum Products space where sectoral cycles can amplify volatility.
Always consult a SEBI registered financial advisor before investing based on any Gandhar Oil Refinery (India) share price target estimate. SEBI Registration No. INH000013776.
Download the Univest iOS App or the Univest Android App to track Gandhar Oil Refinery (India)’s live price and get daily stock recommendations.
Disclaimer Note: The securities quoted, if any, are for illustration only and are not recommendatory. This content is for educational purposes only and does not constitute investment advice. Investments in securities are subject to market risk. Read all related documents carefully before investing. SEBI Registration No. INH000013776.
FAQs on Gandhar Oil Refinery (India) Share Price Target 2026
What is the Gandhar Oil Refinery (India) share price target for 2026?
Ans. The Gandhar Oil Refinery (India) share price target 2026 is Rs 190, implying approximately 20 percent upside from CMP Rs 158.11. Bull case is Rs 230 and bear case is Rs 125.
What is the Gandhar Oil Refinery (India) share price target for 2025?
Ans. The Gandhar Oil Refinery (India) share price target for 2025 was based on FY26 earnings projections. The current 2026 analyst target is Rs 190, reflecting FY27 growth potential from CMP Rs 158.11.
Is Gandhar Oil Refinery (India) a good buy at Rs 158.11?
Ans. At Rs 158.11, Gandhar Oil Refinery (India) offers potential upside to the share price target of Rs 190 if FY27 earnings recover. Consult a SEBI registered financial advisor before investing.
What is the 52 week high and low of Gandhar Oil Refinery (India)?
Ans. The 52 week high of Gandhar Oil Refinery (India) is Rs 269 and the 52 week low is Rs 95. At CMP Rs 158.11, the stock offers upside potential toward the 12-month share price target of Rs 190.
What are the key risks to the Gandhar Oil Refinery (India) share price target?
Ans. Key risks to the Gandhar Oil Refinery (India) share price target of Rs 190 include FY27 earnings miss, US tariff-driven FII outflows, competitive pressure among peers in specialty petroleum like Gulf Oil and Tide Water Oil, and global demand slowdown.
What are the catalysts for the Gandhar Oil Refinery (India) share price target?
Ans. Primary catalysts include FY27 PAT recovery, White Oils and Specialty Petroleum Products sector tailwinds, RBI rate cut support, Union Budget 2026-27 policy uplift, and FII flow normalisation into Indian equities.
How does Gandhar Oil Refinery (India) compare to its peers?
Ans. Gandhar Oil Refinery (India) operates in White Oils and Specialty Petroleum Products alongside peers in specialty petroleum like Gulf Oil and Tide Water Oil. At CMP Rs 158.11 with market cap Rs 1,740 crore, the company is positioned as a potential re-rating candidate toward the share price target of Rs 190 on FY27 delivery.
What is the Gandhar Oil Refinery (India) share price target for 2027?
Ans. The long-term Gandhar Oil Refinery (India) share price target for FY27 to FY28 is Rs 230 in the bull case, assuming continued earnings growth, sector re-rating, and sustained FII inflows. Consult a SEBI registered financial advisor for personalised guidance.
