1. India Stocks

  2. •

    Energy minerals

  3. •

    Integrated oil
Gujarat Natural Resources Limited

Gujarat Natural Resources Limited

87.96
INR
-1.68
(-1.87%)
1.39EPS
76.96P/E
16.36BMarket Cap
Gujarat Natural Resources Limited
BSE:GNRL
(Bombay Stock Exchange)

Recent

price

87.96

P/E

ratio

76.96

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
12.62
10.57
1.42
2.62
2.81
2.07
1.71
1.51
1.6
1.49
1.12
0.86
1.3
2.67
1.56
1.99
2.34
Revenue per Share
-0.73
0.23
0.39
0.89
0.61
0.06
0.08
0.03
-0.47
-3.81
-0.58
-0.4
-0.6
-0.38
-0.29
0.64
1.39
Basic EPS, GAAP
-5.23
-0.17
-0.11
1.39
-2.48
-1.96
-3.09
1.18
0.34
-6.95
0.1
-1.83
-0.22
-0.2
-2.53
-0.13
- -
Free Cash Flow per Basic Share
- -
- -
0.35
0.6
0.49
0.17
0.08
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
18.65
16.9
17.65
17.82
18.02
18.08
18.09
17.34
19.46
13.54
14.7
11.48
11.01
10.62
11.94
13.58
- -
Book Value per Share
15.47
14.39
14.38
14.5
15.22
15.25
15.27
14.52
16.66
11.65
12.8
10.15
9.89
9.5
11.05
14.77
- -
Tangible Book Value per Share
50
50
50
49
49
49
50
50
50
72
72
103
103
103
128
153
140
Basic Weighted Avg Shares
626
524
71
130
139
101
85
75
79
107
81
89
133
274
200
305
329
Sales/Revenue/Turnover
-1.3
1.41
35.93
16.94
10.05
13.6
1.44
-40.04
-26.46
-22.48
-49.2
-42.73
-15.32
10.97
-18.35
14.88
46.46
Operating Margin (%)
13
14
13
27
52
36
23
45
47
42
41
34
31
75
52
64
- -
Depreciation Expense
-36
12
19
44
30
3
4
2
-23
-275
-42
-41
-62
-39
-38
99
195
Net Income, GAAP
- -
- -
54.62
0.66
- -
- -
47.37
37.43
- -
- -
- -
- -
- -
- -
- -
26.65
15.6
Effective Tax Rate (%)
-5.76
2.2
27.43
33.94
21.67
3.02
4.98
2.08
-29.37
-256.41
-51.78
-46.23
-46.58
-14.16
-18.75
32.41
59.15
Profit Margin (%)
429
21
288
218
283
154
85
35
25
316
304
461
398
470
830
585
- -
Working Capital
- -
40
10
46
108
150
154
214
87
133
76
134
165
170
70
60
- -
LT Debt
925
838
875
884
894
897
897
860
965
975
1,059
1,180
1,130
1,091
1,533
2,083
- -
Total Equity
- -
- -
2.11
4.61
- -
- -
0.87
0.45
- -
- -
- -
- -
- -
- -
- -
1.72
- -
Return on Invested Capital (%)
- -
- -
2.11
5.84
- -
- -
0.71
0.47
- -
- -
- -
- -
- -
- -
- -
5.32
- -
Return on Capital (%)
-5.04
1.31
2.27
5.01
3.39
0.34
0.47
0.18
-2.55
-28.31
-4.12
-3.66
-5.37
-3.49
-2.87
5.47
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
73
- -
LT Borrowings
- -
60
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
128
153
153
Market Capitalization
11,362
12,986
16,365

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
853
- -
Cash, Cash Equivalents & STI
- -
21
- -
Accounts Receivable, Net
- -
38
- -
Inventories
- -
111
- -
Total Current Liabilities
- -
268
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
73
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.79%
16.03%
35.85%
Free Cash Flow
-476.99%
-287.55%
-93.65%
Net Income, GAAP
-98.34%
-70.91%
-363.09%
Sales/Revenue/Turnover
18.01%
38.18%
52.25%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
64
49
44
43
200
2026
34
86
73
112
305
2027
57
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.1
-0.06
-0.2
-0.12
-0.29
2026
0.15
0.3
0.24
0.07
0.64
2027
0.74
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -
Similar Companies
ExxonMobil Holdings Corporation (NYSE:XOM)
Chevron Corporation (NYSE:CVX)
Occidental Petroleum Corporation (NYSE:OXY)
Rosneft (MOEX:ROSN)
NOVATEK (MOEX:NVTK)
Oil & Natural Gas Corp. Ltd. (NSE:ONGC)
Business
Gujarat Natural Resources Limited (GNRL) is an Indian upstream oil and gas exploration and production company headquartered in Ahmedabad. Incorporated in 1991 and renamed from Lesha Energy Resources Limited in 2010, GNRL operates primarily through its 100% step-down subsidiary GNRL Oil & Gas Limited (formerly Heramec Limited), which holds participating interests in six producing blocks in the Cambay Basin, Gujarat, and acts as operator in five of these blocks. The company’s core products and services include exploration, drilling, extraction, and production of crude oil and natural gas. It also provides technical advisory services related to well engineering and drilling project management through exclusive agreements with service providers such as Ajapa Integrated Project Management Consultancy Private Limited. Recent strategic initiatives include ongoing drilling campaigns with new well discoveries and commercial production expected from several blocks, including a 20-meter oil zone at North Balol, with increased gas production targets. GNRL has actively implemented enhanced oil recovery technologies such as thermo-chemical methods in multiple fields (Allora, Dholasan, Kanawara) and has expanded its stake in certain fields by exercising rights of first refusal from partners like GSPC. The company also disclosed a share acquisition by JA Spaces LLP, indicating evolving shareholder composition. Operational updates highlight ongoing well drilling and hydrofracturing activities. These efforts underscore GNRL’s focus on increasing production capacity and operational efficiency within the Indian oil and gas upstream sector. GNRL targets domestic upstream oil and gas markets in India, leveraging its technical capabilities and operated assets to enhance field production. Its geographic operations are concentrated in Gujarat, with active participation and operatorship in major Cambay Basin blocks. The company is listed on the Bombay Stock Exchange. These recent developments position GNRL for sustained growth in upstream operations with a continued focus on technology adoption and strategic asset management in India’s energy sector.