Nayara Energy Unlisted Share

Nayara Energy Limited is an unlisted public company incorporated on 12 September, 1989. It is classified as a public limited company and is located in Jamnagar, Gujarat. It's authorized share capital is INR 18,000.68 cr and the total paid-up capital is INR 1,490.56 cr.

Nayara Energy Limited's operating revenues range is Over INR 500 cr for the financial year ending on 31 March, 2021. It's EBITDA has decreased by -46.51 % over the previous year. At the same time, it's book networth has increased by 19.07 %. 

Description: The company is an integrated downstream oil company.

Products & Services: refining of crude oil, and marketing of petroleum products
Category: Service provider

Revenue from operations were at ₹875,006 million for the financial year ended March 31, 2021, as compared to ₹998,683 million for the financial year ended March 31, 2020. The decrease in revenue was mainly due to decline in oil prices, lower demand due to prevailing Covid-19 pandemic and the reduced throughput on account of 20 days planned refinery shutdown during the financial year.

Earnings before interest, tax, depreciation and amortization (EBITDA) was lower by 42% to ₹37,281 million from ₹64,044 million in the preceding financial year mainly on account of lower product margins amidst prevailing COVID-19 Pandemic.

The Company earned a profit after tax (PAT) of ₹4,665 million in FY 2021 against a PAT of ₹25,183 million in the preceding financial year. During FY 2021, Vadinar Oil Terminal Limited (VOTL), a subsidiary of the Company, got merged with the Company and therefore, the Company has restated the comparative financial information included in the standalone financial statements to give effect of the adjustments arising from the aforesaid merger.

Considering the accumulated losses of previous years, the Board of Directors has not recommended any dividend for the financial year ended March 31, 2021. Further, no amounts are proposed to be transferred to the General Reserve during the FY 2021.

Venture into new domain

Nayara Energy, India's second-largest private oil firm, it will start operations of a new polypropylene plant in the first half of next year, marking its entry into the lucrative petrochemical sector. In the last financial year (April 2022 to March 2023), India's consumption of polypropylene stood at 6.4 million tonnes, of which around 1.6 million tonnes or around 25 per cent was imported. With wide applications in segments like packaging, automotive applications, consumer durables and lifestyle products, the demand for polypropylene (PP) is projected to rise. Nayara is well on track for its entry into the petrochemicals sector with its upcoming 4,50,000 tonnes per annum polypropylene plant expected to be commercially operational during H1 2024 - when Nayara expects the demand to accelerate.

Annual Report 2022-2023

Annual Report 2020-2021