- CIN
- —
- ISIN
- INE011A01019
- Incorporated
- —
- Registered state
- —
Key valuation
- Market cap
- ₹1.60 L Cr
- P/E
- 26.4x
- Debt / equity
- 0.3x
- Shares outstanding
- 1,49,06,04,651
Prices shown are indicative, dealer-quoted and updated periodically — they are not exchange-traded prices and may differ from the price at which a transaction is finally executed.
Price history
First recorded price
₹1,075
24 Aug 2026
The price chart appears here once a second dated quote is recorded.
Business overview
You have probably filled up at one of their pumps without noticing the name had changed. Nayara Energy was Essar Oil Limited until May 2018. The business itself goes back to 1989. It refines crude and sells the output, run out of Mumbai. India, South Africa, Singapore, Mozambique, the UAE and other markets besides. The product list covers bitumen, fly ash, high-speed diesel, high-flash high-speed diesel, petcoke and sulphur. The refinery is the asset that matters. One of the largest single-site facilities in India, 20 MTPA, complexity index of 11.8. That works out to roughly 8% of the entire refining capacity of the country, which is a startling share for a single plant. The company sits right across the chain, refining through to marketing, and wants to push further into crude-to-chemicals. The fuel retail network has been growing quickly as well. Ownership is the complicated part. A leveraged buyout closed on 30 December 2015 and took the company private. Rosneft bought in during 2016, alongside an investment consortium led by Trafigura and UCP Investment Group. Rosneft, for scale, is the largest publicly traded oil and gas producer in the world by liquid-hydrocarbon output and reserves.
Key highlights
- Incorporated in 1989
Financial snapshot
FY2025
- Revenue FY2025
- ₹1.49 L Cr
- EBITDA
- ₹12,294.60 Cr
- PAT
- ₹6,079.50 Cr
- Net worth
- ₹50,010.20 Cr
- Total debt
- ₹12,602.00 Cr
- Cash & equivalents
- —
- Operating cash flow
- ₹3,047.80 Cr
- EPS
- ₹40.79
Reported financials · FY2021–FY2025
Figures in ₹ crore unless stated.
| Particulars | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY | CAGR |
|---|---|---|---|---|---|---|---|
| Profit & loss | |||||||
| Revenue from operationsYoY -3.8%CAGR +14.3% | 87,501 | 1,19,690 | 1,38,113 | 1,55,092 | 1,49,217 | -3.8% | +14.3% |
| Other income | 1,065 | 315 | 754 | 939 | 1,107 | — | — |
| Total expenses | 88,849 | 1,18,784 | 1,26,332 | 1,39,601 | 1,41,866 | — | — |
| EBITDAYoY -40.5%CAGR +34.7% | 3,737 | 5,002 | 18,313 | 20,670 | 12,295 | -40.5% | +34.7% |
| Depreciation & amortisation | 1,924 | 1,941 | 3,401 | 1,998 | 2,130 | — | — |
| EBIT | 1,813 | 3,061 | 14,912 | 18,672 | 10,165 | — | — |
| Finance cost | 2,097 | 1,840 | 2,377 | 2,242 | 1,706 | — | — |
| Profit before taxYoY -48.5%CAGR — | -284 | 1,221 | 12,535 | 16,430 | 8,458 | -48.5% | — |
| Tax expense | -742 | 300 | 3,108 | 4,109 | 2,379 | — | — |
| Profit after taxYoY -50.7%CAGR +90.9% | 458 | 921 | 9,426 | 12,321 | 6,080 | -50.7% | +90.9% |
| Earnings per share | ₹3.07 | ₹6.18 | ₹63.24 | ₹82.66 | ₹40.79 | — | — |
| Balance sheet | |||||||
| Net worthYoY +15.0%CAGR +24.7% | 20,658 | 21,642 | 30,533 | 43,491 | 50,010 | +15.0% | +24.7% |
| Total debt | 9,589 | 13,697 | 12,043 | 11,785 | 12,602 | — | — |
| Current liabilities | 30,631 | 29,581 | 25,984 | 24,728 | 17,982 | — | — |
| Current assets | 16,984 | 21,730 | 25,367 | 28,025 | 25,163 | — | — |
| Total assetsYoY -2.6%CAGR +2.8% | 76,593 | 81,345 | 84,841 | 87,749 | 85,448 | -2.6% | +2.8% |
| Cash flow | |||||||
| Operating activities | 1,832 | 1,353 | 18,019 | 3,455 | 3,048 | — | — |
| Investing activities | -411 | -1,903 | -4,904 | -6,383 | -1,456 | — | — |
| Financing activities | -1,061 | -1,471 | -7,208 | -2,556 | -1,159 | — | — |
| Free cash flow | 1,036 | -336 | 14,230 | 1,592 | 764 | — | — |
| Net change in cash | 360 | -2,021 | 5,907 | -5,483 | 433 | — | — |
Revenue, EBITDA and PAT
₹ crore. A year with no reported figure is left out rather than drawn as zero.
- Revenue
- EBITDA
- PAT
Every ratio here is worked out from the reported figures in the Financials tab, and valuation multiples from the indicative price in the header. Nothing is a stored value. A ratio the filings cannot support (a line not reported, or a zero or negative base) is left out or shown as —, never as a misleading number. Balance-sheet ratios use year-end figures.
Valuation multiples
What the indicative price pays for the latest year's earnings, book and cash. On FY2025 figures and the ₹1,075 indicative price.
- Market cap
- ₹1.60 L Cr
- Enterprise value
- ₹1.73 L Cr
- Price / earnings (P/E)
- 26.36x
- Price / book (P/B)
- 3.20x
- Price / sales (P/S)
- 1.07x
- Price / operating cash flow
- 52.58x
- EV / EBITDA
- 14.06x
- EV / EBIT
- 17.00x
- EV / sales
- 1.16x
- Earnings yield
- 3.8%
- Free cash flow yield
- 0.5%
How these are worked out
- Market cap
- Indicative price × shares outstanding
- Enterprise value
- Market cap + debt − cash
- Price / earnings (P/E)
- Market cap ÷ PAT (profitable years only)
- Price / book (P/B)
- Market cap ÷ net worth
- Price / sales (P/S)
- Market cap ÷ revenue from operations
- Price / operating cash flow
- Market cap ÷ cash from operating activities
- EV / EBITDA
- Enterprise value ÷ EBITDA
- EV / EBIT
- Enterprise value ÷ (EBITDA − depreciation)
- EV / sales
- Enterprise value ÷ revenue from operations
- Earnings yield
- PAT ÷ market cap
- Free cash flow yield
- (Operating cash flow − capex) ÷ market cap
IPO / listing status
The company has not announced IPO details such as a DRHP filing, an expected window or its bankers. This section will update once it does.
Research & news
Information currently unavailable
Nothing has been published on Nayara Energy yet. Research, news and articles tagged with it will appear here when they are.
Documents
Information currently unavailable
No documents have been catalogued for this company yet.