Gandhar Oil Refinery (India)NSE:GANDHAR +0.84%47 ROE % is 12.03% as of Mar. 2026, which is 46% below its 10-year median of 22.20. GuruFocus rates NSE:GANDHAR with a GF Score™ of 47/100. The stock has 7 warning signs investors should review. Among 959 Oil & Gas companies, Gandhar Oil Refinery (India) ranks better than 64.65% on this metric.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
Note:
The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Be Aware
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Gandhar Oil Refinery (India) ROE % Related Terms
Gandhar Oil Refinery (India) ROE % Historical Data
* 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.
For the Oil & Gas Refining & Marketing subindustry, Gandhar Oil Refinery (India)'s ROE %, along with its competitors' market caps and ROE % 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) ROE % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Gandhar Oil Refinery (India)'s ROE % distribution charts can be found below:
* The bar in red indicates where Gandhar Oil Refinery (India)'s ROE % falls into.
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
ROE % is displayed in the 30-year financial page.
Gandhar Oil Refinery (India) (NSE:GANDHAR) has a ROE % of 12.03% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Gandhar Oil Refinery (India) and its competitors. This is 46% below median its historical median of 22.20. Over the past decade, Gandhar Oil Refinery (India)'s ROE % has ranged from 6.65 to 40.97. According to the industry distribution chart, Gandhar Oil Refinery (India) ranks #339 out of 959 companies in the Oil & Gas industry, placing it in the top 35.3%.
Is Gandhar Oil Refinery (India)'s ROE % too high?
Gandhar Oil Refinery (India)'s current ROE % of 12.03% is 46% below median its 10-year median of 22.20. Over the past 10 years, this metric has ranged from a low of 6.65 to a high of 40.97. The Oil & Gas industry median ROE % is 5.88. Gandhar Oil Refinery (India)'s value of 12.03% is 104.6% above this industry median. Based on the distribution chart, Gandhar Oil Refinery (India) ranks #339 out of 959 companies in the Oil & Gas industry, which is above the industry midpoint. 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 ROE % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, Gandhar Oil Refinery (India) ranks #339 out of 959 companies for ROE %. This puts Gandhar Oil Refinery (India) in the upper half of its industry. The industry median ROE % is 5.88. Gandhar Oil Refinery (India)'s value of 12.03% is 104.6% above this benchmark. Historically, Gandhar Oil Refinery (India)'s own ROE % has ranged from 6.65 to 40.97 over the past decade. While the company's 10-year median is 22.20 vs. the industry median of 5.88, Gandhar Oil Refinery (India) has consistently been above 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 ROE % for an Oil & Gas company?
The median ROE % among Oil & Gas companies is 5.88, based on 959 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Gandhar Oil Refinery (India)'s current ROE % of 12.03% is 104.6% above 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 ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Gandhar Oil Refinery (India) and its competitors. For the Oil & Gas industry, the median ROE % is 5.88 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Gandhar Oil Refinery (India)'s current ROE % is 12.03%, which is 46% below median its own 10-year median of 22.20. 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 ROE % of 12.03%. The current ROE % is 12.03%, which is 46% below median its 10-year median of 22.20 and 104.6% above the Oil & Gas industry median of 5.88. 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 ROE % calculated?
ROE % is calculated from a company's financial statements. For Gandhar Oil Refinery (India) (NSE:GANDHAR), the current ROE % is 12.03% 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) 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
Get the complete analysis for NSE:GANDHAR
ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
NSE:GANDHAR has been successfully added to your 
