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Nayara Energy ₹1,075 ▲ 0.0% 1M

Nayara Energy Unlisted Shares

Energy Oil Refining & Marketing

Nayara Energy Limited, formerly known as Essar Oil Limited, is India's second-largest private sector oil refining and marketing company. It owns and operates the Vadinar Refinery in Gujarat — one of India's largest single-site refineries with a capacity of 20 MMTPA and a Nelson Complexity Index of 11.8, accounting for nearly 8% of India's total refining capacity. The company also operates a nationwide retail fuel network of 6,000+ Nayara-branded outlets. In 2017, a consortium led by Rosneft (Russia's state oil company) and Trafigura acquired a majority stake for $12.9 billion. Revenue stood at ₹1,56,000 Cr for FY24.

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Indicative price
As of 23 Oct 2026
₹1,075 ▲ 0.00% in 1 month
Dealer quotes: ₹1,075 – ₹1,120 across 3 dealers
Key facts

Nayara Energy share details

Lot size
200 shares
Min. investment
₹215,000
Face value
₹10
Founded
1989
Headquarters
Vadinar, Jamnagar, Gujarat
ISIN
INE011A01019
CIN
U11100GJ1989PLC032116
Lock-in after IPO
6 months
Price history

Nayara Energy share price chart

1Y change
+19.44%
High
₹1,088
Low
₹750

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About Nayara Energy

Nayara Energy Limited, formerly known as Essar Oil Limited, is India's second-largest private sector oil refining and marketing company. It owns and operates the Vadinar Refinery in Gujarat — one of India's largest single-site refineries with a capacity of 20 MMTPA and a Nelson Complexity Index of 11.8, accounting for nearly 8% of India's total refining capacity. The company also operates a nationwide retail fuel network of 6,000+ Nayara-branded outlets. In 2017, a consortium led by Rosneft (Russia's state oil company) and Trafigura acquired a majority stake for $12.9 billion. Revenue stood at ₹1,56,000 Cr for FY24.
IPO outlook

When is the Nayara Energy IPO?

No confirmed IPO timeline exists. The primary near-term event is Rosneft's reported intent to divest its ~49% stake to an Indian conglomerate, given challenges in repatriating earnings amid Western sanctions. A stake sale or strategic restructuring could be a precursor to eventual listing. At ₹1,100/share, the company is valued at ~₹65,000–70,000 Cr in the unlisted market.

Strengths

  • India's second-largest single-site refinery — 20 MMTPA capacity at Vadinar, Gujarat
  • High complexity refinery (Nelson Index 11.8) capable of processing heavy, discounted crude
  • Revenue of ₹1,56,000 Cr in FY24 with 12% YoY growth and 26% rise in profitability
  • 6,000+ retail fuel outlets providing downstream revenue diversification
  • Strategic location with captive port enabling efficient crude imports

Risks

  • Rosneft's (~49% stake) desire to exit due to Western sanctions creates ownership uncertainty
  • Heavy dependence on crude oil import prices and global refining margins (GRMs)
  • No confirmed IPO timeline; illiquid unlisted market with high minimum ticket size
  • Geopolitical risk from Russian promoter stake amid ongoing sanctions environment
  • Regulatory and environmental compliance risks for large refinery operations
Peer comparison

Nayara Energy vs listed peers

Company P/E EV / EBITDA Market cap (₹ Cr)
Reliance Industries RELIANCE 24 14 1,800,000
HPCL HINDPETRO 15 8 55,000
BPCL BPCL 12 7 130,000

Swipe the table sideways for more columns →

Ownership

Shareholding pattern

Others
2%
Rosneft
49%
Kesani Trafigura Ucp
49%
Leadership

Management team

Deepak Kapoor
Chairman
Veteran corporate leader; former Chairman of PwC India.
Naina Lal Kidwai
Independent Director
Former Country Head of HSBC India; prominent banking and corporate governance figure.
Prasad Panicker
Executive Director
Refinery and operations specialist with extensive energy sector experience.
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FAQs

Nayara Energy unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.