Edelweiss Financial Services Ltd
ICICI Securities Limited
Gandhar Oil Limited is a prominent manufacturer of white oils that caters to the consumer and healthcare end-industries. As of June 30, 2022, the company offers an extensive range of over 350 products that primarily fall under three categories – personal care, healthcare and performance oils (PHPO), lubricants, and process and insulating oils (PIO) – under the brand name “Divyol”.
The company’s products serve as crucial ingredients for various end products in sectors such as consumer goods, healthcare, automotive, industrial, power, tyre, and rubber, and are used by leading Indian and global companies.
As of June 2022, company has catered to 100 countries across the globe. The company served more than 3500 clients including companies like Procter & Gamble (“P&G”), Unilever, Marico, Dabur, Encube, Patanjali Ayurved, Bajaj Consumer Care, Emami and Amrutanjan Healthcare.
For year/ period ended ( in Cr.)
H1FY23 | FY22 | FY21 | |
---|---|---|---|
Total Revenue | 4101.79 | 3568.96 | 2242.59 |
Profit After Tax | 213.1 | 163.5 | 100.3 |
EPS | 23.77 | 18.42 | 12.54 |
OPM (%) | 6.58% | 6.27% | 5.04% |
PATM (%) | 5.19% | 4.56% | 4.46% |
The Offer comprises the Fresh Issue and the Offer for Sale. The company will not receive any proceeds from the Offer for Sale and the proceeds received from the Offer for Sale will not form part of the Net Proceeds. The company proposes to utilize the Net Proceeds from the Fresh Issue towards funding the following objects:
Gandhar Oil Refinery has proven its mettle with growth in top and bottom lines for the reported periods. It has created a niche place for white oil and is among the top 5 players with renowned customers like HUL, P & G, Emami, Marico, Dabur, etc. Investors may lap it up for medium to long term rewards.
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