Nayara Energy (Formerly Essar Oil) Limited Unlisted Shares
vs. prev. close ₹1,075
52W High
₹1,100
52W Low
₹900
Market cap
₹1,60,235 Cr
IPO stage
No DRHP filed
CIN
U11100GJ1989PLC032116
Price History
52W High
₹1,100
52W Low
₹900
About Nayara Energy (Formerly Essar Oil) Limited Unlisted Shares
Nayara Energy Limited, operator of India's second-largest single-site refinery at Vadinar plus the country's largest private fuel station network, grew consolidated FY26 PAT 48.49% to Rs 9,027.20 crore on roughly flat revenue of Rs 1,46,601.80 crore, with EPS of Rs 60.64 and ROE of 15.27%, after completing a share buyback during the year.
The Short Version :
Nayara Energy Limited operates the Vadinar refinery in Gujarat, India's second-largest single-site refinery, alongside the country's largest private fuel station network and a 450 KTPA polypropylene plant marking its move into petrochemicals. FY26 consolidated revenue from operations was roughly flat at Rs 1,46,601.80 crore against Rs 1,49,217.40 crore in FY25 (down 1.75%), while PAT rose 48.49% to Rs 9,027.20 crore from Rs 6,079.50 crore. EPS came in at Rs 60.64 versus Rs 40.79 a year earlier, with ROE improving to 15.27% from 12.16% and Book Value per Share rising to Rs 392.89 from Rs 331.81, even after a share buyback during the year.
Why It Trades Where It Does :
Nayara's case is margin expansion on a stable topline rather than volume-driven growth: revenue was down slightly, but PAT grew 48.49% and ROE rose to 15.27%, pointing to stronger refining margins and cost discipline rather than higher throughput. The company also returned capital to minority shareholders during the year, buying back 21,70,347 equity shares at Rs 731 per share for a total consideration of Rs 158.60 crore, before Book Value per Share still rose to Rs 392.89. With four wholly-owned subsidiaries engaged in crude and product trading and financing (Singapore and Qatar-based) and no associates, the group structure is straightforward.
Top Risks :
More than 50% of the company's share capital is held by foreign entities, and the report flags geopolitical challenges affecting at least one subsidiary's infrastructure build-out timeline.
Revenue from operations declined for the year; a refining/marketing business is exposed to crude price and crack spread volatility that can reverse the current margin tailwind quickly.
A subsidiary's marine facilities and associated infrastructure build-out has already missed its originally planned August 2026 schedule, with an extension being sought.
Top Opportunities :
PAT growth (48.49%) sharply outpacing flat revenue shows real margin and cost-efficiency gains worth tracking for durability.
Diversification into petrochemicals (450 KTPA polypropylene) reduces pure dependence on refining and fuel-retail margins.
India's largest private fuel station network gives a scaled downstream distribution moat that's difficult for new entrants to replicate.
Disclaimer :
Priveq.in is an informational platform for unlisted and pre-IPO shares, operated by Priveq Investech Private Limited (the named counterparty on transactions). Unlisted shares carry risks including illiquidity, valuation uncertainty, and limited regulatory disclosure. This page is informational only and does not constitute investment advice.
Company Details
Industry
Oil & Gas - Downstream Refining & Retail
Founded
1989
Headquarters
Gujarat, India
Min Lot Size
1
Face Value
₹10.00
Total Shares
1488390808
Regulatory Information
Corporate Identity Number (CIN)
U11100GJ1989PLC032116
PAN Number
AAACE0890P
ISIN
INE011A01019
Depository
NSDL & CDSL
Registrar & Transfer Agent (RTA)
MUFG Intime India Pvt Ltd
Key Valuation Ratios
Valuation
Market Cap
₹1,60,235.32 Cr
P/E Ratio
17.75×
P/S Ratio
1.09×
P/B Ratio
2.71×
EV / EBITDA
10.62×
Returns & Per Share
ROE
15.27%
EPS
₹60.56
Book Value / Share
₹396.69
Solvency
Debt / Equity
0.18×
Interest Coverage
8.43×
Company Fundamentals
As of FY2026 Annual · updated 11 Sept 2026Gross Profit
₹61,249.20 Cr
EBITDA
₹15,970.30 Cr
Revenue Growth
-1.75%
Profit Margin
6.16%
Performance Trends
4 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.18×
EBITDA Margin
10.89%
Interest Coverage
8.43×
Financial Statements
| Line item | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Total Income | ||||
| Revenue from operationsDisclosed | 1,38,115.5₹ Crore | 1,55,091.5₹ Crore | 1,49,217.4₹ Crore | 1,46,601.8₹ Crore |
| Other incomeDisclosed | 750.8₹ Crore | 939₹ Crore | 1,107₹ Crore | 1,172.1₹ Crore |
| Total IncomeDerived | 1,38,866.3₹ Crore | 1,56,030.5₹ Crore | 1,50,324.4₹ Crore | 1,47,773.9₹ Crore |
| Expenses | ||||
| Cost of goods soldDisclosed | 91,387₹ Crore | 98,038.7₹ Crore | 98,038.7₹ Crore | 85,352.6₹ Crore |
| Purchases of stock-in-tradeDisclosed | — | 12,817.4₹ Crore | 12,817.4₹ Crore | 17,543.4₹ Crore |
| Changes in inventoriesDisclosed | 1,901₹ Crore | -598.6₹ Crore | -598.6₹ Crore | -2,680.9₹ Crore |
| Employee benefits expenseDisclosed | 835₹ Crore | 1,024₹ Crore | 1,024.6₹ Crore | 1,270.5₹ Crore |
| Finance costsDisclosed | 2,377₹ Crore | 1,706₹ Crore | 1,706₹ Crore | 1,640.8₹ Crore |
| Depreciation and amortization expenseDisclosed | 3,401₹ Crore | 2,130.4₹ Crore | 2,130.4₹ Crore | 2,137.1₹ Crore |
| Other expensesDisclosed | 26,430.7₹ Crore | 24,482.3₹ Crore | 26,747.9₹ Crore | 30,318₹ Crore |
| Total ExpensesDerived | 1,26,331.7₹ Crore | 1,39,600.2₹ Crore | 1,41,866.4₹ Crore | 1,35,581.5₹ Crore |
| Profit | ||||
| Profit before taxDerived | 12,534.6₹ Crore | 16,430.3₹ Crore | 8,458₹ Crore | 12,192.4₹ Crore |
| Current tax expenseDisclosed | — | — | 2,087.1₹ Crore | 3,148.9₹ Crore |
| Deferred tax expenseDisclosed | — | — | 291.6₹ Crore | 16.3₹ Crore |
| Tax expenseDisclosed | 3,108.4₹ Crore | 4,108.7₹ Crore | 2,378.7₹ Crore | 3,165.2₹ Crore |
| Profit After TaxDerived | 9,426.2₹ Crore | 12,321.6₹ Crore | 6,079.3₹ Crore | 9,027.2₹ Crore |
| Other comprehensive incomeDisclosed | -534.8₹ Crore | 636.9₹ Crore | 439.7₹ Crore | 253.3₹ Crore |
| Total Comprehensive IncomeDerived | 8,891.4₹ Crore | 12,958.5₹ Crore | 6,519₹ Crore | 9,280.5₹ Crore |
Documents Library
Access all financial reports and filings
Nayara Energy Announces ₹1,893.89 Crore Share Buyback corporate_action buyback of 2,59,48,262 equity shares at ₹731 each, totaling up to ₹1,893.89 crore, open from April 11 to May 7, 2025, for eligible shareholders
Nayara Energy Announces ₹1,893.89 Crore Share Buyback corporate_action buyback of 2,59,48,262 equity shares at ₹731 each, totaling up to ₹1,893.89 crore, open from April 11 to May 7, 2025, for eligible shareholders
Postal Ballot Notice corporate_action Seeking shareholder approval for the appointments of Alessandro des Dorides as CEO and Prasad K. Panicker as Executive Chairman via e-voting
Postal Ballot Notice corporate_action Seeking shareholder approval for the appointments of Alessandro des Dorides as CEO and Prasad K. Panicker as Executive Chairman via e-voting
Express buy interest
No commitment — the desk will reach out
Current Price
₹1,075Secure & Verified Transaction
Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.
Talk to a Specialist
Get expert guidance on this investment
About Nayara Energy (Formerly Essar Oil) Limited Unlisted Shares unlisted shares
Indicative · updated dailyNayara Energy (Formerly Essar Oil) Limited unlisted share price today
Nayara Energy (Formerly Essar Oil) Limited unlisted share price today is ₹1,075 as of 16 October 2026.
Nayara Energy (Formerly Essar Oil) Limited Unlisted Shares — frequently asked questions
- What is the grey market price for Nayara Energy (Formerly Essar Oil) Limited?
No IPO is currently announced for Nayara Energy (Formerly Essar Oil) Limited, so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Nayara Energy (Formerly Essar Oil) Limited filed for an IPO, and when might it list?
Nayara Energy (Formerly Essar Oil) Limited has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Nayara Energy (Formerly Essar Oil) Limited compare to its listed peers?
There is no closely comparable listed company for Nayara Energy (Formerly Essar Oil) Limited in India today.
- Is Nayara Energy (Formerly Essar Oil) Limited on the SME or Mainboard IPO track?
Nayara Energy (Formerly Essar Oil) Limited has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Nayara Energy (Formerly Essar Oil) Limited's CIN and registered office?
Nayara Energy (Formerly Essar Oil) Limited's Corporate Identity Number is U11100GJ1989PLC032116, registered at Gujarat, India.
- What is Nayara Energy (Formerly Essar Oil) Limited's market capitalisation?
Nayara Energy (Formerly Essar Oil) Limited's market capitalisation is approximately ₹1,60,235 crore, based on its current unlisted share price.
More in Oil & Gas - Downstream Refining & Retail
All Oil & Gas - Downstream Refining & Retail →- Omega Seiki Limited₹2,750
- Airlife Gases Private Limited₹1,800
- Abans Investment Managers Limited₹2,500
- 63sats Cybertech Limited₹24.5
- Shaya Polymers Limited₹470
- Samicron Precision Technologies Private Limited₹40
- Evergreen Recyclekaro (India) Limited₹11,08,000+2.6%
- Galaxeye Space Solutions Limited Private Limited₹4,25,000+0.0%
Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy Nayara Energy (Formerly Essar Oil) Limited unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy Nayara Energy (Formerly Essar Oil) Limited unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Nayara Energy (Formerly Essar Oil) Limited shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell Nayara Energy (Formerly Essar Oil) Limited unlisted shares?
Submit an Express Sell Interest for Nayara Energy (Formerly Essar Oil) Limited through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Nayara Energy (Formerly Essar Oil) Limited shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for Nayara Energy (Formerly Essar Oil) Limited unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. Nayara Energy (Formerly Essar Oil) Limited's minimum is ₹1,075.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for Nayara Energy (Formerly Essar Oil) Limited unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying Nayara Energy (Formerly Essar Oil) Limited unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for Nayara Energy (Formerly Essar Oil) Limited unlisted shares?
Nayara Energy (Formerly Essar Oil) Limited has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if Nayara Energy (Formerly Essar Oil) Limited's IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on Nayara Energy (Formerly Essar Oil) Limited unlisted shares taxed?
If you sell unlisted shares, including Nayara Energy (Formerly Essar Oil) Limited, within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Nayara Energy (Formerly Essar Oil) Limited lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in Nayara Energy (Formerly Essar Oil) Limited unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
- Does Priveq charge a platform fee on top of the share price?
No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.
- How does Priveq determine the desk price for Nayara Energy (Formerly Essar Oil) Limited?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Nayara Energy (Formerly Essar Oil) Limited specifically, broader sentiment in the unlisted and pre-IPO market, how Nayara Energy (Formerly Essar Oil) Limited's sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
- Is Priveq SEBI-registered? Does it give investment advice?
Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.
- Am I eligible to invest through Priveq if I'm not an HNI?
Yes. Priveq isn't a stock exchange with membership restrictions, and investing isn't limited to HNIs. Depending on the company, entry points can start as low as ₹20,000, though the minimum for any specific company is shown as the Min Investment figure on its page.
- What documents do I receive after buying unlisted shares?
You receive an email acknowledging and confirming your order, along with a deal note or invoice recording the transaction details.
- What happens to my shares or money if a deal falls through?
Because Priveq is the direct counterparty on every transaction rather than just connecting a buyer and seller, this risk sits with Priveq, not with you. If a deal falls through after you've committed funds or shares, they remain safe, and Priveq guarantees a refund.