Gandhar Oil Refinery IPO Review & Recommendations

Gandhar Oil Refinery India IPO Peer Comparison

Gandhar Oil Refinery India Limited peer comparison with similar listed entities. (Consolidated) (As on March 31, 2023)

Note:

1. All the financial information for listed industry peer mentioned above is on a consolidated basis

2. P/E ratio is calculated as closing share price as on October 25, 2023, divided by the Diluted EPS for year ended March 31, 2023

3. Diluted EPS refers to the Diluted EPS sourced from the financial statements of the respective peer group companies for the year ended March 31, 2023.

4. Net asset value per Equity Share represents total equity attributable to the equity shareholders as at the end of the Financial year/ period divided by the number of Equity Shares outstanding at the end of the year/ period. Sub-division of Equity Shares are retrospectively considered for the computation of Net Asset Value per share for all periods presented.

5. RoNW is computed as consolidated profit after tax for the year/period as a percentage of average of closing net worth during that year and the previous year.