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Guj. Natural Resourc Overview

Gujarat Natural Resources Limited (GNRL) is a public company that focuses on upstream oil and gas sector in India. It was incorporated in the year 1991 as Lesha Steels Limited and changed its name to GNRL in March 2010. It has its equity shares traded on Bombay Stock Exchange and a corporate office in Ahmedabad, Gujarat. It has a subsidiary, GNRL Oil & Gas Limited, that operates six producing blocks in Cambay basin with joint venture partners such as GSPC and HOEC. It engages in trading of goods and other activities related to the upstream oil ...Read More

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Guj. Natural Resourc Key Financials

Market Cap ₹1576 Cr.

Stock P/E -419.1

P/B 7.3

Current Price ₹102.7

Book Value ₹ 14.1

Face Value 10

52W High ₹114

Dividend Yield 0%

52W Low ₹ 46

Guj. Natural Resourc Share Price

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Volume
Price

Guj. Natural Resourc Quarterly Price

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Guj. Natural Resourc Peer Comparison

Guj. Natural Resourc Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 7 6 8 6 5 4 4 3 9 7
Other Income 0 0 -0 0 0 0 3 3 1 2
Total Income 7 7 7 6 5 4 7 7 10 9
Total Expenditure 7 4 7 4 3 4 7 3 4 4
Operating Profit 0 3 0 3 2 0 -0 4 6 6
Interest 1 1 1 0 1 1 2 1 1 1
Depreciation 2 1 2 2 2 2 0 1 1 1
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -3 1 -3 1 -0 -3 -2 2 4 4
Provision for Tax -0 0 -0 0 0 -0 -1 0 1 1
Profit After Tax -3 1 -3 1 -0 -3 -2 2 4 3
Adjustments 0 0 0 0 0 0 0 0 0 -0
Profit After Adjustments -3 1 -3 1 -0 -3 -2 2 4 3
Adjusted Earnings Per Share -0.3 0.1 -0.3 0.1 -0 -0.2 -0.1 0.2 0.3 0.2

Guj. Natural Resourc Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 14 10 8 7 8 11 8 9 13 27 20 23
Other Income 7 3 1 0 0 1 1 1 1 0 3 9
Total Income 21 13 10 8 8 11 9 9 14 28 23 33
Total Expenditure 7 6 6 6 5 9 8 10 12 22 19 18
Operating Profit 13 6 4 2 3 2 1 -0 2 6 4 16
Interest 5 3 1 1 1 0 1 1 3 3 4 5
Depreciation 5 4 2 4 5 4 4 3 3 8 5 3
Exceptional Income / Expenses 0 0 0 4 0 -25 0 0 -2 0 0 0
Profit Before Tax 3 0 1 0 -3 -28 -4 -4 -6 -4 -4 8
Provision for Tax -0 -0 0 0 -0 -0 0 -0 0 -0 -1 1
Profit After Tax 3 0 0 0 -2 -27 -4 -4 -6 -4 -4 7
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 3 0 0 0 -2 -27 -4 -4 -6 -4 -4 7
Adjusted Earnings Per Share 0.6 0.1 0.1 0 -0.5 -3.8 -0.6 -0.4 -0.6 -0.4 -0.3 0.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -26% 30% 13% 4%
Operating Profit CAGR -33% 0% 15% -11%
PAT CAGR 0% 0% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 103% 107% 59% 10%
ROE Average -3% -4% -4% -5%
ROCE Average -1% -1% -2% -2%

Guj. Natural Resourc Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 89 90 90 86 97 97 106 118 113 109 153
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 11 15 15 21 9 13 8 13 17 17 7
Other Non-Current Liabilities 30 21 20 13 11 10 5 3 3 3 2
Total Current Liabilities 20 19 19 35 28 18 31 21 30 31 11
Total Liabilities 150 144 144 155 144 139 149 156 163 160 173
Fixed Assets 35 35 50 45 42 42 41 38 46 56 51
Other Non-Current Assets 65 73 65 68 68 43 43 47 44 26 28
Total Current Assets 48 34 28 38 30 50 61 68 70 78 94
Total Assets 150 144 144 155 144 139 149 156 163 160 173

Guj. Natural Resourc Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 13 11 2 2 3 2 6 6 5 6 5
Cash Flow from Operating Activities 1 -4 2 7 3 -49 1 -18 9 -2 -30
Cash Flow from Investing Activities -6 -8 -10 -3 -1 18 -1 -1 -11 1 -2
Cash Flow from Financing Activities 4 3 7 -3 -2 34 1 17 4 1 34
Net Cash Inflow / Outflow -2 -9 -0 1 -1 3 1 -1 1 -1 1
Closing Cash & Cash Equivalent 11 2 2 3 2 6 6 5 6 5 7

Guj. Natural Resourc Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.61 0.06 0.09 0.03 -0.47 -3.82 -0.58 -0.4 -0.6 -0.38 -0.29
CEPS(Rs) 1.65 0.79 0.56 0.94 0.47 -3.23 -0.01 -0.07 -0.3 0.36 0.11
DPS(Rs) 0.08 0 0.08 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 16.8 16.86 16.87 16.66 16.09 12.56 12 10.82 10.35 10.27 11.63
Core EBITDA Margin(%) 46.66 36.1 28.7 17.49 32.12 15.5 1.8 -9.38 7.44 20.24 7.65
EBIT Margin(%) 59.71 27.58 17.74 12.74 -24.03 -253.71 -36.03 -40.52 -23.69 -6.12 -4.41
Pre Tax Margin(%) 21.62 2.69 9.46 3.32 -32.23 -257.96 -51.31 -49.71 -43.09 -15.72 -22
PAT Margin (%) 21.67 3.02 4.98 2.08 -29.37 -256.41 -51.78 -46.23 -46.58 -14.16 -18.75
Cash Profit Margin (%) 59.01 38.8 32.52 62.11 29.45 -217.08 -0.77 -8.27 -23.52 13.31 7.2
ROA(%) 2.05 0.21 0.29 0.1 -1.56 -19.42 -2.91 -2.68 -3.89 -2.41 -2.26
ROE(%) 3.64 0.36 0.5 0.19 -2.87 -32.27 -4.74 -4.15 -5.7 -3.67 -2.95
ROCE(%) 8.46 2.65 1.41 0.82 -1.58 -23.93 -2.45 -2.74 -2.25 -1.13 -0.56
Receivable days 250.42 341.33 421.67 477.85 441.71 225.26 145.55 192.28 113.5 29.48 41.77
Inventory Days 75.48 108.5 128.51 140.1 131.76 101.59 141.93 132.06 98.05 50.87 200.65
Payable days 0 0 0 0 0 1240.81 2323.14 0 0 0 0
PER(x) 117.47 713.85 323.31 573.97 0 0 0 0 0 0 0
Price/Book(x) 4.25 2.6 1.63 1.08 0.46 0.56 0.84 1.58 0.98 1.14 2.33
Dividend Yield(%) 0.11 0 0.28 0 0 0 0 0 0 0 0
EV/Net Sales(x) 25.73 23.27 18.19 17.35 7.3 5.84 11.19 21.53 10.1 5.68 17.58
EV/Core EBITDA(x) 26.88 36.73 40.16 83.11 20.98 27.61 74.7 -839.72 66.49 26.6 81.6
Net Sales Growth(%) 7.12 -27.64 -15.86 -11.65 6.01 35.11 -24.39 9.39 50.24 105.86 -26.82
EBIT Growth(%) 46.06 -66.58 -45.86 -36.58 -300.01 -1326.39 89.26 -23.03 12.18 46.83 47.24
PAT Growth(%) -31.61 -89.91 38.59 -63.14 -1599.17 -1079.57 84.73 2.34 -51.4 37.41 3.1
EPS Growth(%) -31.61 -89.91 38.59 -63.14 -1599.17 -712.6 84.73 31.55 -51.41 37.41 22.49
Debt/Equity(x) 0.18 0.23 0.23 0.53 0.29 0.19 0.28 0.18 0.34 0.39 0.08
Current Ratio(x) 2.41 1.81 1.45 1.1 1.09 2.71 1.98 3.15 2.32 2.53 8.39
Quick Ratio(x) 2.26 1.65 1.3 1.02 0.99 2.54 1.88 3 2.19 2.41 6.76
Interest Cover(x) 1.57 1.11 2.14 1.35 -2.93 -59.73 -2.36 -4.41 -1.22 -0.64 -0.25
Total Debt/Mcap(x) 0.04 0.09 0.14 0.49 0.62 0.34 0.33 0.12 0.34 0.34 0.03

Guj. Natural Resourc Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 9.51 9.51 3.03 3.03 2.31 2.31 2.31 2.31 2.31 2.31
FII 0 0 0 0 0 0.19 0.25 1.19 0.88 0.25
DII 0 0 0 0 0 0 0 0 0 0
Public 90.49 90.49 96.97 96.97 97.69 97.49 97.43 96.49 96.81 97.43
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Guj. Natural Resourc News

Guj. Natural Resourc Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 2.31%.
  • Company has a low return on equity of -4% over the last 3 years.
  • Stock is trading at 7.3 times its book value.
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