---
title: "Nayara Energy Ltd (ESSAROIL) — Share Price, Financials & Analysis"
symbol: "ESSAROIL"
company: "Nayara Energy Ltd"
canonical: "https://tapetide.com/stocks/ESSAROIL"
generated_at: "2026-10-13T10:57:57.053Z"
---

# Nayara Energy Ltd (ESSAROIL)

Canonical page: https://tapetide.com/stocks/ESSAROIL

## Company

- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** essaroil.co.in

## About

Nayara Energy is primarily engaged in the business of refining of crude oil, marketing of petroleum products in domestic and overseas markets.

## Latest Price

## Key Insights

### Strengths

- Company has reduced debt.

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -0.33% over past five years.
- Company has a low return on equity of 8.18% over last 3 years.
- Company's cost of borrowing seems high

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 324% | 50% | -4% |
| revenue growth | 0% | 12% | 0% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 22461 | 25736 | 25131 | 25274 | 24855 | 22448 | 20295 | 15609 | 16340 | 13118 | 10909 | 22096 |
| Expenses | 22277 | 24914 | 24299 | 23741 | 23514 | 21709 | 19299 | 14298 | 14603 | 12353 | 9584 | 21349 |
| Operating Profit | 184 | 822 | 832 | 1533 | 1341 | 739 | 996 | 1311 | 1737 | 765 | 1325 | 747 |
| OPM % | 0.8 | 3.2 | 3.3 | 6 | 5 | 3.3 | 4.9 | 8 | 11 | 6 | 12 | 3.4 |
| Other Income | 231 | 211 | 370 | 548 | 266 | 322 | -297 | 167 | 324 | 178 | -155 | 79 |
| Interest | 946 | 766 | 812 | 723 | 681 | 592 | 589 | 704 | 756 | 495 | 551 | 449 |
| Depreciation | 332 | 338 | 338 | 347 | 235 | 235 | 58 | 228 | 242 | 247 | 255 | 490 |
| Profit before tax | -863 | -71 | 52 | 1011 | 691 | 234 | 52 | 546 | 1063 | 201 | 364 | -112 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -19 |
| Net Profit | -863 | -71 | 52 | 1008 | 691 | 234 | 52 | 546 | 1063 | 201 | 364 | -91 |
| EPS in Rs | -6.05 | -0.5 | 0.34 | 6.67 | 4.57 | 1.55 | 0.34 | 3.61 | 7.03 | 1.33 | 2.41 | -0.6 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 46988 | 58337 | 88578 | 98602 | 87065 | 52597 | 60869 | 70865 | 85676 | 85653 |
| Expenses | 44567 | 56667 | 85540 | 94779 | 82330 | 46903 | 55723 | 65573 | 82897 | 80656 |
| Operating Profit | 2421 | 1670 | 3038 | 3823 | 4735 | 5694 | 5146 | 5292 | 2779 | 4997 |
| OPM % | 5 | 2.9 | 3.4 | 3.9 | 5 | 11 | 8 | 7 | 3.2 | 6 |
| Other Income | 358 | -806 | 501 | 957 | 111 | 1349 | -1418 | -176 | 1541 | 246 |
| Interest | 1220 | 1387 | 3424 | 3296 | 2567 | 2682 | 3766 | 2770 | 2233 | 2576 |
| Depreciation | 731 | 762 | 1296 | 1355 | 757 | 1573 | 1681 | 1489 | 1549 | 2981 |
| Profit before tax | 828 | -1285 | -1180 | 129 | 1521 | 2787 | -1719 | 856 | 539 | -314 |
| Tax % | 21 | 0 | 0 | 3 | 0 | 54 | 56 | 38 | 36 | -573 |
| Net Profit | 654 | -1285 | -1180 | 126 | 1521 | 1289 | -2673 | 532 | 344 | 1485 |
| EPS in Rs | 4.58 | -9 | -8.27 | 0.83 | 10.07 | 8.52 | -17.67 | 3.52 | 2.28 | 9.82 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 1382 | 1382 | 1382 | 1466 | 1466 | 1467 | 1507 | 1507 | 1507 | 1507 |
| Reserves | 5156 | 798 | -275 | 965 | 3904 | 16846 | 15996 | 16580 | 16998 | 15865 |
| Borrowings | 14547 | 17724 | 24742 | 23845 | 27043 | 30709 | 26731 | 16685 | 15460 | 8744 |
| Other Liabilities | 11496 | 20186 | 21717 | 25787 | 28010 | 37569 | 40784 | 35249 | 36317 | 46549 |
| Total Liabilities | 32581 | 40092 | 47566 | 52063 | 60422 | 86591 | 85018 | 70022 | 70282 | 72664 |
| Fixed Assets | 11744 | 21320 | 21274 | 20633 | 21269 | 40267 | 38864 | 41499 | 41874 | 46372 |
| CWIP | 8423 | 1760 | 2610 | 3738 | 3602 | 3625 | 400 | 599 | 476 | 514 |
| Investments | 103 | 103 | 103 | 598 | 2325 | 1139 | 147 | 11812 | 10610 | 10510 |
| Other Assets | 12311 | 16908 | 23578 | 27093 | 33226 | 41560 | 45607 | 16111 | 17321 | 15268 |
| Total Assets | 32581 | 40092 | 47566 | 52063 | 60422 | 86591 | 85018 | 70022 | 70282 | 72664 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1219 | 477 | -413 | 10174 | 2991 | 7150 | 9134 | 7865 | 1147 | 12547 |
| Cash from Investing Activity | -5756 | -1344 | -2094 | -1870 | -4828 | -6481 | -1620 | -301 | 355 | -181 |
| Cash from Financing Activity | 4484 | 1184 | 2408 | -7378 | 897 | -1008 | -5911 | -6734 | -3630 | -10074 |
| Net Cash Flow | -53 | 317 | -99 | 927 | -940 | -340 | 1603 | 830 | -2128 | 2292 |
| Free Cash Flow | -3156 | -2314 | -2587 | 8806 | 2230 | 6024 | 8636 | 7439 | -379 | 12087 |
| CFO/OP | 57 | 31 | -14 | 262 | 62 | 127 | 182 | 152 | 46 | 251 |

### Ratios

| Item | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 18 | 25 | 19 | 26 | 52 | 108 | 105 | 15 | 16 | 5 |
| Inventory Days | 49 | 52 | 47 | 38 | 25 | 34 | 52 | 45 | 45 | 29 |
| Days Payable | 74 | 74 | 51 | 80 | 103 | 218 | 196 | 105 | 44 | 49 |
| Cash Conversion Cycle | -7 | 3 | 16 | -16 | -26 | -75 | -39 | -45 | 17 | -14 |
| Working Capital Days | -17 | -9 | 2 | -17 | -2 | 46 | 3 | -50 | -17 | -50 |
| ROCE % | 11 | 6 | 10 | 13 | 17 | 16 | 16 | 14 | 9 | 9 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 1 / 6 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 99.62 | Sell |
| EMA (10) | 98.49 | Sell |
| SMA (20) | 99.92 | Sell |
| EMA (20) | 99.29 | Sell |
| SMA (50) | 100.25 | Sell |
| EMA (50) | 102.52 | Sell |
| SMA (100) | 111.03 | Sell |
| EMA (100) | 111.67 | Sell |
| SMA (200) | 132.54 | Sell |
| EMA (200) | 132.03 | Sell |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 45.61 | Neutral |
| MACD (12,26,9) | -0.92 | Sell |
| Stochastic (14,3,3) | 51.45 | Neutral |
| ADX (14) | 41.84 | Buy |
| Williams %R (14) | -52.69 | Neutral |
| ATR (14) | 6.91 | High Volatility |
| ROC (12) | -7.77 | Sell |
| Stoch RSI (14) | 35.03 | Neutral |
| UO (7,14,28) | 67.32 | Neutral |

## Filings & Documents

### Annual Reports

| Date | Document |
| --- | --- |
| 2015 | [Annual Report 2015](https://www.bseindia.com/bseplus/AnnualReport//5001340315.pdf) |
| 2014 | [Annual Report 2014](https://www.bseindia.com/bseplus/AnnualReport//5001340314.pdf) |
| 2013 | [Annual Report 2013](https://www.bseindia.com/bseplus/AnnualReport//5001340313.pdf) |
| 2012 | [Annual Report 2012](https://archives.nseindia.com/annual_reports/AR_ESSAROIL_2011_2012_31122012035858.zip) |
| 2012 | [Annual Report 2012](https://www.bseindia.com/bseplus/AnnualReport//5001340312.pdf) |
| 2011 | [Annual Report 2011](https://www.bseindia.com/bseplus/AnnualReport//5001340311.pdf) |
| 2010 | [Annual Report 2010](https://archives.nseindia.com/annual_reports/AR_ESSAROIL_2009_2010_01092010120000.zip) |
| 2010 | [Annual Report 2010](https://www.bseindia.com/bseplus/AnnualReport//5001340310.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2025-10-31 | Credit rating update — CARE Ratings |
| 2025-10-10 | Credit rating update — CARE Ratings |
| 2025-10-03 | Credit rating update — ICRA |
| 2025-07-29 | Credit rating update — ICRA |
| 2025-07-23 | Credit rating update — CARE Ratings |
| 2025-05-27 | Credit rating update — ICRA |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:57:57.053Z.