Is Gujarat Natural Resources Ltd (GNRL) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Gujarat Natural Resources Ltd is a below average quality company .

Is Gujarat Natural Resources Ltd (GNRL) undervalued or overvalued?

The key valuation ratios of Gujarat Natural Resources Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Gujarat Natural Resources Ltd (GNRL) share price return in the past 10 years?

Gujarat Natural Resources Ltd share price has appreciated 10.1% annually (CAGR) over the past ten years.

Is Gujarat Natural Resources Ltd (GNRL) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Gujarat Natural Resources Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Gujarat Natural Resources Ltd (GNRL)?

Company share prices are keep on changing according to the market conditions. The current trading price of Gujarat Natural Resources Ltd (GNRL) on 07-May-2026 14:59:00 at 14:59 is 103.50.

What is the P/E ratio of Gujarat Natural Resources?

The latest standalone P/E ratio of Gujarat Natural Resources as of 07-May-2026 is 171.92.

What is the P/B ratio of Gujarat Natural Resources Ltd (GNRL)?

The latest standalone P/B ratio of Gujarat Natural Resources Ltd (GNRL) as of 07-May-2026 is 6.83.

What is the 52-week high and low of Gujarat Natural Resources Ltd (GNRL)?

The 52-week high of Gujarat Natural Resources Ltd (GNRL) is Rs. 113.96 and the 52-week low is Rs. 46.01.

What is the TTM revenue of Gujarat Natural Resources Ltd (GNRL)?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Gujarat Natural Resources is Rs. 5.79 (Cr.).

Gujarat Natural Resources Ltd (GNRL) Share Analysis – Quality, Valuation Zone & Price Trend & DeciZen Rating

Name: Gujarat Natural Resources Ltd (GNRL)
Brand: Gujarat Natural Resources

Gujarat Natural Resources Ltd (GNRL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Gujarat Natural Resources Ltd (GNRL)

BSE: 513536 NSE: GNRL

Key Metrics

Market Cap

₹1,565 Cr.

P/E Ratio

171.92

Price to Book (P/B)

6.83

Price to Sales (P/S)

270.46

EV/EBITDA

151.34

Return on Capital Employed (ROCE)

1.20%

Current Price

₹103.5

Return on Equity (ROE)

0.13%

Return on Assets (ROA)

0.11%

Operating Profit Margin

-66.3%

Net Profit Margin

26.08%

Gross Profit Margin

34.1%

Book Value per Share

₹14.9

Sales Growth (YoY)

-68.75%

Sales Growth (3 Years)

NA%

Operating Profit Growth (1 Year)

NA%

Operating Profit Growth (3 Years)

N/A%

Net Profit Growth (1 Year)

NA%

52-Week Low / High

₹46 / 114

Net Profit Growth (3 Years)

N/A%

Dividend Yield

0.00%

Promoter Holding

2.31%

Pledged shares (%)
of Promoter's holding (%)

0.00%

Check Before You Invest

Q.1 Stock return of Gujarat Natural Resources Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 9.9% based on the current price.

Q.1 Which industry/sub-sector does Gujarat Natural Resources Ltd belong to?

Gujarat Natural Resources Ltd belongs to the Oil & Gas sector, operating specifically within the Oil Exploration segment.

Q.1 Return on capital employed (ROCE) of Gujarat Natural Resources Ltd?

Gujarat Natural Resources Ltd Return on capital employed is 1.2% for FY-2025, which is above its 5-year historical median of 0.07%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Q.1 Promoter shareholding and pledge status of Gujarat Natural Resources Ltd?

Promoters hold 2.31% of the Gujarat Natural Resources Ltd, with 0.00% of their stake pledged, indicating no pledge risk.

Q.1 Revenue growth of Gujarat Natural Resources Ltd vs industry peers?

Gujarat Natural Resources Ltd revenue CAGR is -27.52%, compared to the industry median CAGR of 9.51%, indicating slower growth and losing its market share.

DeciZen - make an informed investing decision on Guj. Natural Resourc

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation ⓘ

3. Price Trend

Gujarat Natural Resources stock performance

Key Ratios

Is Gujarat Natural Resources Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-0.4%	0.9%	-0.6%	-0.5%	-25.1%	0.1%	-0.5%	0.2%	-2%	1.2%	-
Value Creation Index ⓘ	-1.0	-0.9	-1.0	-1.0	-2.8	-1.0	-1.0	-1.0	-1.1	-0.9	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	0	0	3.5	1.9	0	0.3	2.2	0.7	6
Sales YoY Gr.	-	NA	NA	NA	NA	-46.6%	-100%	NA	578.8%	-68.8%	-
Adj EPS ⓘ	-0.1	0.1	-0.1	-0.1	-1	-0.1	-0.1	-0	-0.5	0	0.6
YoY Gr.	-	NA	-237.5%	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	16.2	16.2	15.8	15.7	12.7	12.6	11.6	11.5	11.3	12.8	14.9
Adj Net Profit ⓘ	-0.3	0.4	-0.5	-0.5	-7.5	-0.8	-0.8	-0.4	-5.1	0.2	9
Cash Flow from Ops. ⓘ	5.4	-1.1	3.8	-13.1	-49.8	-12.2	-14.1	0.4	-0.8	-45.9	-
Debt/CF from Ops. ⓘ	0.4	-1.9	5.2	-0.9	-0	-1.2	-0.4	41.7	-37.6	-0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	-27.5%	NA	-68.8%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	-2.6%	0.2%	3.4%	12.9%
Share Price	10.1%	59.1%	106.2%	104.4%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-0.4	0.5	-0.7	-0.6	-7.8	-0.8	-0.7	-0.3	-4.2	0.1	4.3
Op. Profit Mgn % ⓘ	0	0	0	0	-0.4	-24	0	-52.5	-127.2	-66.3	86.9
Net Profit Mgn % ⓘ	0	0	0	0	-213.9	-44.5	0	-128.3	-228.9	26.1	156.3
Debt to Equity ⓘ	0	0	0.3	0.2	0	0.2	0	0.2	0.3	0.1	-
Working Cap Days ⓘ	0	0	0	0	8,709	19,914	0	1,37,412	21,461	77,543	37,022
Cash Conv. Cycle ⓘ	0	0	0	0	-433	-1,396	0	-6,094	-1,988	138	34,340

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.6	0.5
TTM Sales (₹ Cr.)	5.8	23.7
BVPS (₹) ⓘ	14.9	14.1
Reserves (₹ Cr.) ⓘ	76	63
P/BV ⓘ	6.83	7.25
PE ⓘ	171.92	215.60

From the Market
52 Week Low / High (₹)	46.01 / 113.96
All Time Low / High (₹)	0.16 / 188.32
Market Cap (₹ Cr.)	1,565
Equity (₹ Cr.)	153.4
Face Value (₹)	10
Industry PE ⓘ	11.7

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Guj. Natural Resourc - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	0	0	0	0	3	2	0	0	2	1
Operating Expenses ⓘ +	0	1	1	1	4	2	1	1	5	1
Manufacturing Costs	0	0	0	0	0	0	0	0	0	0
Material Costs	0	0	0	0	3	2	0	0	0	0
Employee Cost	0	0	0	0	0	0	0	0	0	0
Other Costs ⓘ	0	0	0	0	0	1	1	0	5	1
Operating Profit ⓘ	-0	-1	-1	-1	-0	-0	-1	-0	-3	-0
Operating Profit Margin (%)	-	-	-	-	-0.4%	-24.0%	-	-52.5%	-127.0%	-66.3%
Other Income ⓘ +	0	1	0	0	0	1	0	0	0	2
Exceptional Items ⓘ	0	0	0	0	-25	0	0	0	0	0
Interest ⓘ	0	0	0	0	0	1	0	1	2	2
Depreciation ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	-0	1	-1	-1	-25	-1	-1	-0	-5	0
Tax ⓘ	0	0	0	0	0	-0	-0	0	0	0
Profit After Tax	-0	0	-1	-1	-25	-1	-1	-0	-5	0
PAT Margin (%)	-	-	-	-	-718.0%	-44.5%	-	-126.0%	-229.0%	26.1%
Adjusted EPS (₹)	-0.1	0.1	-0.1	-0.1	-3.5	-0.1	-0.1	-0.0	-0.5	0.0
Dividend Payout Ratio (%)	0%	93.70%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	82	82	82	81	95	94	122	122	116	165
Share Capital ⓘ	39	39	39	39	56	56	80	80	80	128
Reserves ⓘ	44	44	43	43	39	38	42	41	36	36
Debt +	2	2	20	12	2	15	5	18	30	11
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	2	2	20	12	2	15	5	18	30	11
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	8	8	8	8	8	8	8	4	0	0
Others Liabilities ⓘ	1	1	0	14	4	16	4	4	5	4
Total Liabilities ⓘ	93	94	110	115	109	133	139	147	151	180
Fixed Assets
Net Fixed Assets ⓘ +	1	1	0	0	0	0	0	0	0	0
Gross Block	2	2	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	1	0	0	0	0	0	0	0	0
CWIP ⓘ	0	0	0	0	0	0	0	0	0	0
Investments ⓘ	21	31	34	34	15	15	15	15	15	15
Inventories	0	0	0	0	0	0	0	0	0	0
Trade Receivables	7	7	7	8	1	0	0	0	1	0
Cash Equivalents	0	0	0	0	0	0	0	0	0	0
Others Assets ⓘ	63	54	68	73	92	118	123	131	135	163
Total Assets ⓘ	93	94	110	115	109	133	139	147	151	180

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	5	-1	4	-13	-50	-12	-14	0	-1	-46
PBT ⓘ	-0	1	-1	-1	-25	-1	-1	-0	-5	0
Adjustment ⓘ	-0	-1	0	0	0	0	0	0	2	2
Changes in Working Capital ⓘ	6	-0	4	-13	-25	-11	-14	1	2	-48
Tax Paid ⓘ	-0	0	0	0	0	0	0	0	0	-0
Cash Flow From Investing Activity ⓘ +	-6	-9	-2	0	19	0	0	0	0	-0
Capex	-0	-0	1	0	-0	0	0	0	0	-0
Net Investments	-6	-9	-4	0	19	0	0	0	0	0
Others ⓘ	-0	0	0	0	0	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	0	11	-1	13	31	12	14	-0	1	46
Net Proceeds from Shares ⓘ	0	0	-1	0	39	0	0	0	0	48
Net Proceeds from Borrowing ⓘ	0	2	0	0	0	0	0	0	0	-0
Interest Paid ⓘ	0	0	-0	0	0	0	-0	-0	-2	-2
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	0	8	-0	13	-8	12	14	-0	3	-0
Net Cash Flow ⓘ	-0	0	0	-0	-0	0	-0	-0	0	0

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-0.42	0.52	-0.68	-0.65	-29.72	-0.92	-0.76	-0.35	-4.38	0.13
ROCE (%)	-0.38	0.9	-0.59	-0.5	-25.13	0.07	-0.47	0.16	-1.97	1.2
Asset Turnover Ratio	0	0	0	0	0.03	0.02	0	0	0.02	0
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Working Capital Days
Receivable Days	0	0	0	0	450.90	0	0	406.20	75.40	272.70
Inventory Days	0	0	0	0	0	0	0	0	0	0
Payable Days	0	0	0	0	1,000.50	1,806.80	0	0	0	0

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Gujarat Natural Resources Ltd FAQs

The current trading price of Guj. Natural Resourc on 07-May-2026 14:59 is ₹103.5.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-May-2026 the market cap of Guj. Natural Resourc stood at ₹1,564.9 Cr

The latest P/E ratio of Guj. Natural Resourc as of 06-May-2026 is 171.9.

The latest P/B ratio of Guj. Natural Resourc as of 06-May-2026 is 6.83.

The 52-week high of Guj. Natural Resourc is ₹114.0 and the 52-week low is ₹46.01.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Guj. Natural Resourc is ₹5.79 ( Cr.) .

About Gujarat Natural Resources Ltd

Gujarat Natural Resources, earlier known as Lesha Energy Resources was incorporated on August 23, 1991 as Lesha Steels under the Companies Act, 1956 in the state of Gujarat. The company set up a unit to manufacture different grades of low carbon alloy steels. The company has obtained the certificate of commencement of business on June 24, 1992 from the office of the Registrar of Companies, Gujarat. The company is promoted by A C Shah, a technocrat and entrepreneur who has a rich experience in industry, business & finance and Dipak C Shah, a businessman engaged in trading and consultancy business.

In 2010 the Company changed the name from "Lesha Energy Resources Ltd" to "Gujarat Natural Resources Ltd".

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Gujarat Natural Resources Ltd (GNRL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Guj. Natural Resourc Share Price