1. India Stocks

  2. •

    Energy minerals

  3. •

    Integrated oil
Gujarat Natural Resources Limited

Gujarat Natural Resources Limited

89.53
INR
-0.42
(-0.47%)
1.39EPS
77.13P/E
16.40BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
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
- -
Dividend per Share
0.6
0.49
0.17
0.08
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
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
- -
Tangible Book Value per Share
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
- -
Basic Weighted Avg Shares
49
49
49
50
50
50
72
72
103
103
103
128
153
140
Sales/Revenue/Turnover
130
139
101
85
75
79
107
81
89
133
274
200
305
329
Operating Margin (%)
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
Depreciation Expense
27
52
36
23
45
47
42
41
34
31
75
52
64
- -
Net Income, GAAP
44
30
3
4
2
-23
-275
-42
-41
-62
-39
-38
99
195
Effective Tax Rate (%)
0.66
- -
- -
47.37
37.43
- -
- -
- -
- -
- -
- -
- -
26.65
15.6
Profit Margin (%)
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
Working Capital
218
283
154
85
35
25
316
304
461
398
470
830
585
- -
LT Debt
46
108
150
154
214
87
133
76
134
165
170
70
60
- -
Total Equity
884
894
897
897
860
965
975
1,059
1,180
1,130
1,091
1,533
2,083
- -
Return on Invested Capital (%)
4.61
- -
- -
0.87
0.45
- -
- -
- -
- -
- -
- -
- -
1.72
- -
Return on Capital (%)
5.84
- -
- -
0.71
0.47
- -
- -
- -
- -
- -
- -
- -
5.32
- -
Return on Common Equity (%)
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
- -

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
- -
- -
16,400

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
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Shalin Ashok Shah
Full Time Employees
4
Sector
Energy minerals
Industry
Integrated oil
Address
ANAM-1 Ahmedabad GU India 380 006
IPO Date
Dec 30, 2024
Website
gnrl.in
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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.