Gandhar Oil Refinery (India) (NSE:GANDHAR) Gross Margin %: 12.49% (As of Mar. 2026) — Near Median


NSE:GANDHAR Gandhar Oil Refinery (India) Ltd NSE:GANDHAR
47 GF Score
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What is Gandhar Oil Refinery (India) Gross Margin %?

Gandhar Oil Refinery (India) NSE:GANDHAR +0.84% 47 Gross Margin % is 12.49% as of Mar. 2026, which is 2% above its 10-year median of 12.25. GuruFocus rates NSE:GANDHAR with a GF Score™ of 47/100. The stock has 7 warning signs investors should review. Among 871 Oil & Gas companies, Gandhar Oil Refinery (India) ranks worse than 75.55% on this metric.

Gross Margin % is calculated as gross profit divided by its revenue. Gandhar Oil Refinery (India)'s Gross Profit for the three months ended in Mar. 2026 was ₹1,365 Mil. Gandhar Oil Refinery (India)'s Revenue for the three months ended in Mar. 2026 was ₹10,934 Mil. Therefore, Gandhar Oil Refinery (India)'s Gross Margin % for the quarter that ended in Mar. 2026 was 12.49%.

Warning Sign:

Gandhar Oil Refinery (India) Ltd gross margin has been in long-term decline. The average rate of decline per year is -8.2%.


The historical rank and industry rank for Gandhar Oil Refinery (India)'s Gross Margin % or its related term are showing as below:

NSE:GANDHAR' s Gross Margin % Range Over the Past 10 Years
Min: 10.96   Med: 12.25   Max: 18.26
Current: 11.11


During the past 6 years, the highest Gross Margin % of Gandhar Oil Refinery (India) was 18.26%. The lowest was 10.96%. And the median was 12.25%.

NSE:GANDHAR's Gross Margin % is ranked worse than
75.55% of 871 companies
in the Oil & Gas industry
Industry Median: 25.7 vs NSE:GANDHAR: 11.11

Gandhar Oil Refinery (India) had a gross margin of 12.49% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Gandhar Oil Refinery (India) was -8.20% per year.


Gandhar Oil Refinery (India)  (NSE:GANDHAR) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Gandhar Oil Refinery (India) had a gross margin of 12.49% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Gandhar Oil Refinery (India) Gross Margin % Related Terms


Gandhar Oil Refinery (India) Gross Margin % Historical Data

* Premium members only.

The historical data trend for Gandhar Oil Refinery (India)'s Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Gandhar Oil Refinery (India) Gross Margin % Chart

Gandhar Oil Refinery (India) Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Gross Margin %
Get a 7-Day Free Trial 13.35 12.67 11.83 10.96 11.49

Gandhar Oil Refinery (India) Quarterly Data
Mar21 Mar22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.75 11.21 11.51 9.36 12.49

NSE:GANDHAR vs VLO, MPC, PSX: Gross Margin % Comparison

For the Oil & Gas Refining & Marketing subindustry, Gandhar Oil Refinery (India)'s Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gandhar Oil Refinery (India) Gross Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gandhar Oil Refinery (India)'s Gross Margin % distribution charts can be found below:

* The bar in red indicates where Gandhar Oil Refinery (India)'s Gross Margin % falls into.


NSE:GANDHAR
47GF Score
Gandhar Oil Refinery (India) Ltd NSE:GANDHAR
Gross Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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Gandhar Oil Refinery (India) Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Gandhar Oil Refinery (India)'s Gross Margin for the fiscal year that ended in Mar. 2026 is calculated as

Gross Margin % (A: Mar. 2026 )=Gross Profit (A: Mar. 2026 ) / Revenue (A: Mar. 2026 )
=4871 / 42411.8
=(Revenue - Cost of Goods Sold) / Revenue
=(42411.8 - 37540.8) / 42411.8
=11.49 %

Gandhar Oil Refinery (India)'s Gross Margin for the quarter that ended in Mar. 2026 is calculated as


Gross Margin % (Q: Mar. 2026 )=Gross Profit (Q: Mar. 2026 ) / Revenue (Q: Mar. 2026 )
=1365.4 / 10933.7
=(Revenue - Cost of Goods Sold) / Revenue
=(10933.7 - 9568.3) / 10933.7
=12.49 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Frequently Asked Questions Learn more about Gross Margin % →
What does a Gross Margin % of 12.49% mean?
Gandhar Oil Refinery (India) (NSE:GANDHAR) has a Gross Margin % of 12.49% as of Mar. 2026. Gross margin is the ratio of total gross profit to net sales. View historical data on Gandhar Oil Refinery (India) and its competitors. This is near median its historical median of 12.25. Over the past decade, Gandhar Oil Refinery (India)'s Gross Margin % has ranged from 10.96 to 18.26. According to the industry distribution chart, Gandhar Oil Refinery (India) ranks #658 out of 871 companies in the Oil & Gas industry, placing it in the top 75.5%.
Is Gandhar Oil Refinery (India)'s Gross Margin % too high?
Gandhar Oil Refinery (India)'s current Gross Margin % of 12.49% is near median its 10-year median of 12.25. Over the past 10 years, this metric has ranged from a low of 10.96 to a high of 18.26. The Oil & Gas industry median Gross Margin % is 25.70. Gandhar Oil Refinery (India)'s value of 12.49% is 51.4% below this industry median. Based on the distribution chart, Gandhar Oil Refinery (India) ranks #658 out of 871 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Gandhar Oil Refinery (India) has a GF Score™ of 47/100, reflecting its overall financial health beyond just this single metric.
How does Gandhar Oil Refinery (India)'s Gross Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Gandhar Oil Refinery (India) ranks #658 out of 871 companies for Gross Margin %. This places Gandhar Oil Refinery (India) in the lower half of its industry. The industry median Gross Margin % is 25.70. Gandhar Oil Refinery (India)'s value of 12.49% is 51.4% below this benchmark. Historically, Gandhar Oil Refinery (India)'s own Gross Margin % has ranged from 10.96 to 18.26 over the past decade. While the company's 10-year median is 12.25 vs. the industry median of 25.70, Gandhar Oil Refinery (India) has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Margin % for an Oil & Gas company?
The median Gross Margin % among Oil & Gas companies is 25.70, based on 871 companies in the industry. Companies in the top quartile (top 25%) have a Gross Margin % significantly above this median, while those in the bottom quartile fall well below. However, Gross Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gandhar Oil Refinery (India)'s current Gross Margin % of 12.49% is 51.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Margin % mean?
A high Gross Margin % can signal that a stock is expensive relative to its fundamentals. Gross margin is the ratio of total gross profit to net sales. View historical data on Gandhar Oil Refinery (India) and its competitors. For the Oil & Gas industry, the median Gross Margin % is 25.70 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gandhar Oil Refinery (India)'s current Gross Margin % is 12.49%, which is near median its own 10-year median of 12.25. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Gandhar Oil Refinery (India) stock overvalued right now?
Gandhar Oil Refinery (India) (NSE:GANDHAR) has a current Gross Margin % of 12.49%. The current Gross Margin % is 12.49%, which is near median its 10-year median of 12.25 and 51.4% below the Oil & Gas industry median of 25.70. Gandhar Oil Refinery (India)'s overall GF Score™ is 47/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Margin % calculated?
Gross Margin % is calculated from a company's financial statements. For Gandhar Oil Refinery (India) (NSE:GANDHAR), the current Gross Margin % is 12.49% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Gandhar Oil Refinery (India) Business Description

Industry EnergyOil & Gas
Other Exchanges 544029:India
Address S.V. Road, 18th floor, DLH Park, Goregaon West, Mumbai, MH, IND, 400062
Gandhar Oil Refinery (India) Ltd is a manufacturer of white oils with a growing focus on the consumer and healthcare end industries. The company has only one reportable segment: petroleum products - specialty oils. The geographical segments include the Domestic Market and Overseas Markets.
47GF Score

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Gross Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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