Is Gandhar Oil Refinery India the Best Stock in Its Sector? A Look at the Numbers

Gandhar Oil Refinery India CMP Rs 264 (25 Sep 2026). Market cap Rs 2,570 Cr. ROE 10.01%. P/E 8.11x versus Industry P/E 16.17x.

Updated: 25 Sept 2026 • 10:16 am

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Is Gandhar Oil Refinery India the Best Stock in Its Sector? A Look at the Numbers

Quick Answer

Gandhar Oil Refinery India is one of the names investors compare when screening the Chemicals sector, built on a 10.01% return on equity and a P/E of 8.11x against an Industry P/E of 16.17x. Whether Gandhar Oil Refinery India is the best stock in its sector depends on whether an investor is optimising for return ratios, valuation, or both. This article breaks down the metrics, including a comparison against named Chemicals sector peers, so you can judge that for yourself.

Is Gandhar Oil Refinery India the best stock in its sector? The stock trades on the NSE at Rs 264 as of 25 September 2026, within its 52-week range of Rs 115.00 to Rs 303.17. Gandhar Oil Refinery (India) Ltd manufactures specialty oils and lubricants including white oils and petroleum jelly.

Gandhar Oil Refinery India sits in the Chemicals sector, and its 10.01% ROE and 8.11x P/E give a starting point for judging where it stands against comparable listed names. The rest of this article compares those numbers against verified peers and the sector's Industry P/E benchmark.

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Table of Contents

About Gandhar Oil Refinery India

Gandhar Oil Refinery (India) Ltd manufactures specialty oils and lubricants including white oils and petroleum jelly. It manufactures specialty oils and lubricants including white oils and petroleum jelly, and the stock is trading near its 52-week high after a sharp rally over the past year. At a market capitalisation of Rs 2,570 Cr, it is tracked as part of the Chemicals sector on Univest.

Is Gandhar Oil Refinery India the Best Stock in Its Sector?

Gandhar Oil Refinery India makes its case as the best stock in its sector primarily on valuation relative to its Industry P/E, combining a 10.01% ROE with a 8.11x P/E against the sector's 16.17x Industry P/E. Gandhar Oil Refinery India's 8.11x P/E is well below the 16.17x Industry P/E despite a 10.01% ROE, making it look inexpensive relative to its own quality, though the stock has rallied sharply toward its 52-week high over the past year.

Metric	Gandhar Oil Refinery India
CMP (NSE)	Rs 263.50
52-Week High / Low	Rs 303.17 / Rs 115.00
Market Cap	Rs 2,570 Cr
P/E (TTM) vs Industry P/E	8.11x vs 16.17x
P/B	1.90
ROE	10.01%
EPS (TTM)	Rs 32.39
Dividend Yield	0.29%
Debt to Equity	0.23

Compare Gandhar Oil Refinery India Against Other Chemicals Sector Stocks

How Gandhar Oil Refinery India Compares Against Its Chemicals Sector Peers

The table below sets Gandhar Oil Refinery India against 2 other Chemicals sector names, using the same live data source for every company. A peer average row is included for P/E, ROE and debt to equity, calculated across the 2 peer companies.

Company	Market Cap (Rs Cr)	P/E	ROE	Debt to Equity
Gandhar Oil Refinery India	2,570	8.11	10.01%	0.23
Excel Industries	1,194	16.72	4.44%	0.00
DIC India	609	21.04	6.51%	0.01
Peer average (2 companies)	-	18.88	5.47%	0.01

Against this peer set, Gandhar Oil Refinery India's 10.01% ROE is above the 5.47% peer average, and its P/E of 8.11x runs below the peer average of 18.88x. Gandhar Oil Refinery India's 8.11x P/E is well below the 16.17x Industry P/E despite a 10.01% ROE, making it look inexpensive relative to its own quality, though the stock has rallied sharply toward its 52-week high over the past year.

What Makes Gandhar Oil Refinery India Worth Watching in Chemicals

Well below Industry P/E: An 8.11x P/E against a 16.17x Industry P/E is a significant discount for a business with a 10.01% ROE.
Solid ROE: A 10.01% ROE is a healthy figure for a specialty oils and lubricants manufacturer.
Specialty oils and lubricants niche: Manufacturing specialty oils and lubricants including white oils and petroleum jelly gives Gandhar Oil Refinery a differentiated, higher-margin product line.

Gandhar Oil Refinery India Valuation: Is It Justified?

Gandhar Oil Refinery India's 8.11x P/E is well below the 16.17x Industry P/E despite a 10.01% ROE, making it look inexpensive relative to its own quality, though the stock has rallied sharply toward its 52-week high over the past year. As with any single stock, investors should weigh this against their own valuation discipline and risk appetite rather than the sector label alone.

Also read – Is Eureka Forbes the Best Stock in Its Sector? A Look at the Numbers

Download the Univest iOS App or Univest Android App to track Gandhar Oil Refinery India and other Chemicals sector stocks.

How to Track Gandhar Oil Refinery India Before You Invest

Before deciding whether Gandhar Oil Refinery India deserves its label as the best stock in its sector for your own portfolio, compare it directly against Chemicals sector peers using the steps below.

Open the Univest Screener and search for Gandhar Oil Refinery India to view live price, valuation ratios, and peer comparisons within the Chemicals sector.
Compare its P/E, P/B, and ROE against other Chemicals sector stocks before deciding if the current valuation fits your strategy.
Set a price alert around key support and resistance zones using the Univest app so you are notified of meaningful moves.
Open a broking account on Univest if you decide to add the stock, and size the position based on your own risk appetite and portfolio allocation.

Conclusion

Gandhar Oil Refinery India earns a place in the best stock in its sector conversation on the strength of a 10.01% ROE and a P/E of 8.11x against a 16.17x Industry P/E, with named peer comparisons in this article backing up that picture. As with any individual stock decision, this analysis is educational and investors should do their own research or consult a SEBI-registered advisor before investing.

Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).

Is Gandhar Oil Refinery India the best stock in its sector?

Ans. Gandhar Oil Refinery India has a 10.01% ROE and trades at 8.11x P/E against a 16.17x Industry P/E, and compares above the peer average ROE of 5.47% in this article's named comparison, so the answer depends on what an investor is prioritising.

What is the current share price of Gandhar Oil Refinery India?

Ans. Gandhar Oil Refinery India was trading at Rs 263.50 on the NSE as of 25 September 2026, within its 52-week range of Rs 115.00 to Rs 303.17.

What sector does Gandhar Oil Refinery India belong to?

Ans. Gandhar Oil Refinery India is classified under the Chemicals sector on Univest.

How does Gandhar Oil Refinery India compare to its sector peers on P/E?

Ans. Gandhar Oil Refinery India's P/E of 8.11x is below the 18.88x average of the 2 named peers compared in this article.

What is Gandhar Oil Refinery India's return on equity?

Ans. Gandhar Oil Refinery India reported a return on equity of 10.01%, which is above the 5.47% average of its named peers in this comparison.

Should I invest in Gandhar Oil Refinery India based on its sector position?

Ans. Gandhar Oil Refinery India's sector position and metrics make it worth researching further, but any investment decision should factor in your own risk appetite, its valuation relative to peers, and independent research or advice from a SEBI-registered advisor.