Explores and produces oil and gas, and also trades commodities. Segment data for the period ending 31 March 2021 shows Oil & Gas product contributed 76.9% of segment revenue (₹6.23 crore, with an equal amount of operating profit), while Trading of goods contributed 23.1% (₹1.87 crore revenue, ₹0.21 crore operating profit); an Others line added no revenue but ₹1.07 crore of operating profit in that period. Consolidated FY26 revenue stood at ₹30.53 crore against a profit after tax of ₹9.89 crore and total assets of ₹244.16 crore. The cost structure is dominated by other operating expenses at 33.5% of revenue and depreciation at 20.9%, with no materials cost reported, which is consistent with an exploration and production set-up rather than refining. Capital expenditure ran at 226% of revenue in FY26, indicating investment intensity far above the current revenue base. The company operates through subsidiaries including Heramec Oil & Gas (Singapore) Pte Ltd and GNRL Oil & Gas (I) Private Ltd, and in March 2026 shareholders approved adding commodities trading and real estate/construction to its objects clause. Recent quarterly results show a one-time purchase of stock-in-trade of ₹1,253.53 lakhs booked in Q3 FY26, reflecting scaling trading activity alongside oil and gas operations. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Oil & Gas product (77%), Trading of goods (23%), Others (0%). Small, capital-intensive oil and gas exploration and production company with an adjacent trading business and a recently expanded permitted scope into commodities and real estate.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 9 | 13 | 27 | 20 | 31 |
| EBITDA (ex other income) | (1) | (1) | 6 | 2 | 11 |
| margin % | (9.5) | (8.4) | 20.2 | 7.6 | 35.8 |
| Owners' profit | 0 | (6) | 0 | 0 | 0 |
| EPS, as reported (₹) | (0.51) | (0.77) | (0.48) | 0.29 | 0.64 |
| ROE % · ROCE % | (3.5) · (2.7) | (5.5) · (2.4) | (3.6) · (1.3) | (2.5) · (0.6) | 4.7 · 6.5 |
| Debt / equity (x) | 0.17 | 0.32 | 0.37 | 0.08 | 0.06 |
| Cash from operations | (18) | 9 | (2) | (30) | 67 |
| Capex | (1) | (11) | (1) | (2) | (69) |
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 5 | 4 | 4 | 3 | 9 | 7 | 11 |
| Profit before tax | 1 | (0) | (3) | (2) | 2 | 4 | 4 | 4 |
| Net profit | 1 | (0) | (3) | (2) | 2 | 4 | 3 | 1 |
| EPS (₹) | 0.10 | (0.06) | (0.20) | 0.12 | 0.15 | 0.30 | 0.24 | 0.07 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| OIL AND NATURAL GAS CORP. | 2,92,492 | 6.7 | 0.71 | 3.8 | 12.2 | 10.4 | 12.9 | 9.1 |
| OIL INDIA LTD | 79,671 | 9.5 | 1.25 | 9.2 | 11.8 | 7.9 | 10.5 | 47.7 |
| ANTELOPUS SELAN ENRGY LTD | 4,009 | 30.2 | 6.12 | — | 13.7 | 15.8 | — | 63.5 |
| PRABHA ENERGY LIMITED | 3,452 | 2680.0 | 7.95 | 3853.7 | 0.1 | 0.1 | — | 25.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Notice of 35th AGM on September 30, 2026 via Video Conferencing | compliance | minimal | — | — |
| 8 Sept 2026 · Letter to shareholders with FY26 Annual Report web-link and AGM details | compliance | minimal | — | — |
| 8 Sept 2026 · GNRL FY26 Annual Report: stock split 10:1 and material RPTs up to Rs 150 cr each | results | medium | — | — |
| 8 Sept 2026 · 35th AGM on Sep 30, 2026 - Stock Split and 4 Material RPT Approvals Sought | board shareholder meetings | low | — | — |
| 7 Sept 2026 · GNRL to resume drilling with two rigs and pursue new assets | business updates | medium | — | — |
| 7 Aug 2026 · Board meeting on 14 Aug to consider share split, Q1 results | management changes | medium | — | — |
| 7 Aug 2026 · Independent Director Deepti Gavali resigns from Gujarat Natural Resources | management changes | medium | — | — |
| 3 Jul 2026 · Routine compliance certificate for Q1 FY27 dematerialization | compliance | minimal | — | — |
| 30 Jun 2026 · Company update filed on BSE; full details in attached document | general | minimal | — | — |
| 30 Jun 2026 · BSE seeks clarification on significant price movement | regulatory legal | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| HINDUSTAN OIL EXPLORATION |
| 2,449 |
| 97.5 |
| 1.77 |
| 17.0 |
| 4.5 |
| 3.8 |
| 18.2 |
| 20.4 |
| GUJARAT NATURAL RES L ◆ | 1,602 | 137.4 | 7.69 | 79.0 | 4.7 | 6.2 | 30.4 | 44.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 137.4 | 26.6 | 15 of 16 | 7% |
| P/B | 7.7 | 2.1 | 14 of 16 | 13% |
| ROCE | 6.2 | 6.4 | 11 of 17 | 38% |
| ROE | 4.8 | 8.5 | 10 of 16 | 40% |
| Debt / Equity | 0.1 | 0.1 | 8 of 16 | 53% |
| EBITDA margin | 44.9 | 28.0 | 6 of 15 | 64% |
| Revenue growth | 158.5 | 45.2 | 3 of 15 | 86% |
| Profit growth | 166.3 | 37.6 | 4 of 16 | 80% |
| Market cap | 1602 | 2449 | 11 of 17 | 38% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
