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STOCK COMPARISON

Gandhar Oil Refinery (India) vs Reliance Industries: Fair Value & Quality

Both stocks run through our valuation models. Here is how Gandhar Oil Refinery (India) (GANDHAR) and Reliance Industries (RELIANCE) compare, as of Aug 17, 2026.

As of Aug 17, 2026, Fair Value Calculator sees Gandhar Oil Refinery (India) as the less overvalued of the two: Gandhar Oil Refinery (India) trades at ₹246 versus a fair value of ₹157 (-36%), while Reliance Industries trades at ₹1,310 versus ₹751 (-43%).
Gandhar Oil Refinery (India)
GANDHAR.NSE · INR · Energy
-36%
upside to fair value
overvalued
Price₹246
Fair Value₹157
Quality48/100
Reliance Industries
RELIANCE.NSE · INR · Energy
-43%
upside to fair value
overvalued
Price₹1,310
Fair Value₹751
Quality50/100

Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Gandhar Oil Refinery (India)Reliance Industries
Valuation
17.8×P/E (TTM)22.1×
0.43×P/S (TTM)1.66×
1.35×P/B1.95×
7.4×EV/EBITDA11.0×
PEG0.82×
0.7%Dividend yield0.5%
Dividend per share₹6.00
Profitability
3%Net margin8%
5%Operating margin10%
10%Return on equity9%
6%Return on assets4%
Growth
14%Revenue growth (YoY)13%
1.3%Avg. growth/yr (3Y)6.4%
13.8%Avg. growth/yr (5Y)17.8%
Balance & size
0.02×Debt / equity0.30×
$192MMarket cap$184B
expensiveGrowth qualityhealthy

Gandhar Oil Refinery (India) leads: 9 to 4 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Gandhar Oil Refinery (India)of which business quality 49 · market factors 84 Reliance Industriesof which business quality 50 · market factors 49
ProfitabilityMargins and returns on capital today
49
34
Quality GrowthAre margins and returns improving?
42
45
CashflowEarnings quality: real cash, not paper profit
14
49
Fin. StrengthBalance sheet, leverage, solvency risk
67
47
InvestmentDisciplined investing over empire-building
48
51
Low VolatilityCalm price path (market factor)
53
94
MomentumPrice trend over the last 3–12 months (market factor)
96
34
52W MomentumDistance to the 52-week high (market factor)
100
23
Net IssuanceBuybacks instead of dilution
82
82

What the models say

The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.

Gandhar Oil Refinery (India)

DCF Models₹163
Earnings-Based₹155
Dividend Discount₹21.98
Multiples₹227
Asset-Based₹92.57
Growth DCF₹51.37
Economic Profit₹182
Growth Earnings₹175

22 of 25 models see the stock below the current price.

Reliance Industries

DCF Models₹866
Earnings-Based₹704
Dividend Discount₹105
Multiples₹840
Asset-Based₹445
Growth DCF₹915
Economic Profit₹714
Growth Earnings₹904

25 of 26 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Gandhar Oil Refinery (India)
Bear ₹113Fair Value ₹157Bull ₹200
₹246 = current price (white tick)
Reliance Industries
Bear ₹486Fair Value ₹751Bull ₹1,033
₹1,310 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Gandhar Oil Refinery (India) · Energy

Quality score48 · below median
Fair value upside-36% · below median

Reliance Industries · Energy

Quality score50 · above median
Fair value upside-43% · below median

Bottom line

As of Aug 17, 2026, Fair Value Calculator sees Gandhar Oil Refinery (India) as the less overvalued of the two: Gandhar Oil Refinery (India) trades at ₹246 versus a fair value of ₹157 (-36%), while Reliance Industries trades at ₹1,310 versus ₹751 (-43%).

Reliance Industries has the higher quality score (50/100).

See the full analysis →

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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.