Nayara Energy (Formerly Essar Oil) Limited
- Unlisted share
- Energy & Power
- ISIN INE011A01019
At a glance
Sales
FY25
₹1,49,217 Cr
−3.8%on FY24What the company earned from its customers in the year.
Profit
FY25
₹6,080 Cr
−50.7%on FY24What was left after every cost and tax was paid.
Market valuecalculated
₹1,58,633 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
As at 31 March 2025
₹38,609 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Nayara Energy (Formerly Essar Oil) Limited
- ISIN
- INE011A01019
- Sector
- Energy & Power
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹1,064.25
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Nayara Energy (Formerly Essar Oil) Limited
Nayara Energy owns and runs the oil refinery at Vadinar in Gujarat, one of India's largest single-site refineries, together with a captive port and power plant, a large network of fuel retail outlets and a polypropylene plant. It was formerly Essar Oil Limited. Its two main shareholders are Rosneft Singapore Pte Limited, part of Russia's Rosneft, and Kesani Enterprises Company Limited, an investment consortium led by Mareterra and United Capital Partners.
Written from: nayaraenergy.com, careratings.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Energy & Power
- ISIN
- INE011A01019
- Year of incorporation
- 1989
- Registered office
- Khambhalia, Devbhumi Dwarka, Gujarat
- Company annual report 2024-25 (published overview section)
- Main shareholders
- Rosneft Singapore Pte Limited and Kesani Enterprises Company Limited (a consortium led by Mareterra and United Capital Partners)
- CARE Ratings press release, 31 October 2025
- Key people
- Whole-time Director (designated Executive Chairman): Prasad K. Panicker; Company Secretary: Mayank Bhargava
- Notice of the 36th annual general meeting, 2026
- Face value per share
- ₹10
- Paid-up equity shares
- 1,49,05,61,155 shares
- Official website
- nayaraenergy.com
Read from: Annual return (Form MGT-7) for FY2024-25, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to book (P/B)calculated
4.11×
At this price you pay ₹4.11 for every ₹1 of net worth on the company's books.
Profit margincalculated
4.1%
Out of every ₹100 of sales, ₹4.1 was left as profit.
Return on equitycalculated
15.7%
For every ₹100 of the owners' money, the company made ₹15.7 of profit in the year.
- Indicative price
- ₹1,064.25
- Market valuecalculated
- ₹1,58,633 Cr
- price × shares
- No. of shares
- 1,49,05,61,155
- Book value per share
- ₹259.03
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Nayara Energy Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY24 to FY25: ₹1,55,092 Cr to ₹1,49,217 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY24 to FY25: ₹12,321 Cr to ₹6,080 Cr.
| Particulars | FY24 | FY25Latest |
|---|---|---|
| Revenue from operations | 1,55,091.5 | 1,49,217.4▼4% |
| Other income | 939 | 1,107▲18% |
| Total income | 1,56,030.5 | 1,50,324.4▼4% |
| Depreciation, amortisation and impairment expense | 1,998.2 | 2,130.4▲7% |
| Profit before tax | 16,429.7 | 8,458.2▼49% |
| Profit for the year | 12,321 | 6,079.5▼51% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: Company annual report 2024-25 (published overview section).
Credit rating. CARE AA- (long-term bank facilities and non-convertible debentures) and CARE A1+ (short-term bank facilities), all placed on Rating Watch with Negative Implications by CARE Ratings (31 October 2025) CARE Ratings press release, 31 October 2025
Ownership
Shareholding pattern
Who owns the company
As of 31 March 2025
98.3%Bodies corporate
- Largest holder
- 98.3%
- Top 3 together
- 100.0%
- Holders named
- 4
- Bodies corporate98.30%
- Individuals / HUF (Indian)1.64%
- Non-resident Indians0.06%
- Promoters0.00%
- Total100.00%
Read from: Annual return (Form MGT-7) for FY2024-25
Leadership
Management
Prasad K. Panicker
Whole-time Director (designated Executive Chairman)
Deepak Kapoor
Director
Naina Lal Kidwai
Director
Vladislav Bromberg
Director (re-appointment proposed at the 2026 AGM)
Alexander Zubchenko
Director (re-appointment proposed at the 2026 AGM)
Sergei Stepanenko
Director (appointment proposed at the 2026 AGM)
Mayank Bhargava
Company Secretary
Read from: Annual return (Form MGT-7) for FY2024-25, Notice of the 36th annual general meeting, 2026
Corporate calendar
Events
- 28 Sept 2026AGM36th annual general meeting to adopt the FY2025-26 standalone and consolidated accounts and re-appoint directorsOpen
- 31 Oct 2025Rating actionCARE Ratings placed the company's AA- and A1+ ratings on watch with negative implications after US sanctions on RosneftOpen
- 19 Jul 2025Management changeAlessandro des Dorides ceased to be Chief Executive OfficerOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Nayara Energy (Formerly Essar Oil) Limited on WhatsAppIs the price shown for Nayara Energy (Formerly Essar Oil) Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Nayara Energy (Formerly Essar Oil) Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Nayara Energy (Formerly Essar Oil) Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
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GrowFast is not affiliated with, sponsored by or endorsed by Nayara Energy (Formerly Essar Oil) Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.