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Gandhar Oil Refinery (India) Limited manufactures white oils with focus on the consumer and healthcare end-industries in India. The company operates through Specialty Oil, Non-coking Coal and Logistics Support Services, and Others. The company offers white oils, waxes, and jellies for consumer, healthcare, plastics, chemical, textiles, and fragrance industries; lubricants, including automotive oils and industrial oils for automobile, and industrial machines and equipment; and process and insulating oils comprising transformer oils and rubber processing oils for transformer manufacturers, power generation and distribution, and tire and rubber product manufacturers. It is also involved in trading non-coking coal; and the provision of logistics support services, including cargo handling and transportation. In addition, the company operates consignment and del-credere agency; and trades in polymer products, gypsum, and PVC. It sells its products to India, the rest of Asia-Pacific, North America, South America, Africa, and Europe. The company was incorporated in 1992 and is based in Mumbai, India.

Gandhar Oil Refinery Dividend Announcement

• Gandhar Oil Refinery announced a semi annually dividend of ₹0.50 per ordinary share which will be made payable on . Ex dividend date: 2024-08-28
• Gandhar Oil Refinery annual dividend for 2024 was ₹1.00
• Gandhar Oil Refinery's trailing twelve-month (TTM) dividend yield is 0.48%
• Gandhar Oil Refinery's payout ratio for the trailing twelve months (TTM) is 3.79%

Gandhar Oil Refinery Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-28₹0.50semi annually
2024-08-23₹0.50semi annually2024-10-05

Gandhar Oil Refinery Dividend per year

Gandhar Oil Refinery Dividend Yield

Gandhar Oil Refinery current trailing twelve-month (TTM) dividend yield is 0.48%. Interested in purchasing Gandhar Oil Refinery stock? Use our calculator to estimate your expected dividend yield:

Gandhar Oil Refinery Financial Ratios

P/E ratio18.68
PEG ratio0.19
P/B ratio1.63
ROE9.44%
Payout ratio3.79%
Current ratio2.35
Quick ratio1.59
Cash Ratio0.08

Gandhar Oil Refinery Dividend FAQ

Does Gandhar Oil Refinery stock pay dividends?
Gandhar Oil Refinery does not currently pay dividends to its shareholders.
Has Gandhar Oil Refinery ever paid a dividend?
No, Gandhar Oil Refinery has no a history of paying dividends to its shareholders. Gandhar Oil Refinery is not known for its dividend payments.
Why doesn't Gandhar Oil Refinery pay dividends?
There are several potential reasons why Gandhar Oil Refinery would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Gandhar Oil Refinery ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Gandhar Oil Refinery has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Gandhar Oil Refinery a dividend aristocrat?
Gandhar Oil Refinery is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Gandhar Oil Refinery a dividend king?
Gandhar Oil Refinery is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Gandhar Oil Refinery a dividend stock?
No, Gandhar Oil Refinery is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Gandhar Oil Refinery stocks?
To buy Gandhar Oil Refinery you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Gandhar Oil Refinery stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.