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Nayara Energy (Formerly Essar Oil) Limited logo
UNLISTED COMPANY PROFILE

NAYARA ENERGY (FORMERLY ESSAR OIL) LIMITED

ENERGY LINE
INDICATIVE PRICE / SHARE
₹1,075
▲ +0.0% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 02 SEPT 2026
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INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2024

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹1,850
₹775
01 Dec 2409 Aug 2602 Sept 26

ALL-TIME LOW
₹775
ALL-TIME HIGH
₹1,850
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹1,67,539 Cr
Latest available company data
Min. investment
₹10,750
Indicative price × lot size
Lot size
10
P/E ratio
26.35
P/B ratio
3.20
EPS
40.79
ROE
12.16%
Book value
₹335.58
Face value
₹10
Debt / equity
0.25
ISIN
INE011A01019
Company security identifier

About this company

Nayara Energy Limited, formerly known as Essar Oil Limited, is one of India's largest private-sector downstream energy companies, spanning oil refining, fuel retailing, and petrochemicals. The company was incorporated in 1989 in Gujarat and built its operations around the Vadinar complex in the Devbhumi Dwarka district, which today ranks among the largest single-location refineries in India. The Vadinar refinery has a nameplate capacity of around 20 million tonnes per annum and a high complexity rating, allowing it to process a wide range of crude grades into petrol, diesel, and other refined products for both domestic sale and export. Beyond refining, Nayara Energy operates one of the country's largest privately owned fuel retail networks. The company has expanded aggressively across highways and rural markets and has crossed the milestone of more than 7,000 operational petrol pumps, positioning it as the leading private fuel retailer in India. It has also signalled long-term ambitions to roughly double refining throughput at Vadinar and to deepen its petrochemicals footprint, moving further along the integrated energy value chain. The company's ownership is a defining feature of its profile. After Essar Group exited, a consortium led by Russia's Rosneft and other international investors acquired the business, and it was rebranded as Nayara Energy. Essar Oil was delisted from the BSE and NSE in early 2016 following a leveraged buyout, and its equity shares have since traded only in the private, unlisted market. That combination of large-scale refining assets, a fast-growing retail footprint, well-known international parentage, and the legacy of a former listed entity makes Nayara Energy a frequently tracked name among investors who follow unlisted shares. Its scale within India's energy sector and the absence of a public listing are the main reasons it draws attention in the unlisted space, where its shares change hands at indicative, negotiated prices rather than exchange-quoted rates.

COMPANY AT A GLANCE
Sector lineEnergy
SettlementNSDL / CDSL
Incorporated1989
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U11100GJ1989PLC032116
PAN
AAACE0890P
Incorporated
1989
Outstanding shares
149.06 crore shares (1,49,05,61,155)
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY21FY22FY23FY24FY25
REVENUE87,50,0601,19,68,9401,38,11,2001,55,09,1501,49,21,740
PAT46,6501,02,9909,42,60012,32,1006,07,950
EPS (₹)37638341
PAT MARGIN1%1%7%8%4%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

Prasad K. Panicker
Chairman
Sergey Denisov
Chief Executive Officer (since July 2025)
COMPANY TIMELINE · EVENTS
Retail network crosses 7,000 petrol pumps in India (June 2026)

Nayara Energy announced it had crossed 7,000 fuel retail outlets across India, having added more than 500 outlets over the prior 18 months. The company stated its Dealer Owned Dealer Operated (DODO) network now supports more than 55,000 livelihoods.

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CARE Ratings press release reports Q1FY26 financials amid sanctions (October 2025)

In a 31 October 2025 press release, CARE Ratings noted Nayara generated PBILDT of approximately Rs 11,212 crore in FY25 and Rs 3,596 crore in Q1FY26, while flagging uncertainty around crude procurement after US sanctions on Rosneft became applicable from 21 November 2025.

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EU names Nayara's Vadinar refinery in 18th Russia sanctions package (July 2025)

The European Union's 18th sanctions package, adopted around 18 July 2025, named Nayara Energy and its Vadinar refinery, prohibiting export of petroleum products derived from Russian crude into the EU. Rosneft holds a 49.13% stake in the company.

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CEO Alessandro Des Dorides resigns following EU sanctions (July 2025)

CEO Alessandro Des Dorides, who had taken the role in April 2024, resigned amid the EU sanctions, and was replaced by long-serving executive Sergei Denisov, a Russian national. The leadership change followed buyers refusing deliveries at the Vadinar port.

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Nayara unveils $8 billion (Rs 68,000 crore) ethane cracker petrochemical plan (January 2025)

Nayara Energy announced plans to invest about US$8 billion to set up a 1.5 MMTPA ethane cracker at its Vadinar location, and said it had begun front-end engineering work. The move expands the company's integrated petrochemicals push beyond its earlier 450 KTPA polypropylene plant.

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NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is Nayara Energy (Formerly Essar Oil) Limited listed on the stock exchange?+

No. As of 2 September 2026, Nayara Energy (Formerly Essar Oil) Limited is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the Nayara Energy (Formerly Essar Oil) Limited unlisted share price?+

As of 2 September 2026, the indicative unlisted share price of Nayara Energy (Formerly Essar Oil) Limited is ₹1,075 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for Nayara Energy (Formerly Essar Oil) Limited unlisted shares?+

The displayed unit count is 10 share(s); at the indicative price of about ₹1,075, the displayed amount is approximately ₹10,750. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of Nayara Energy (Formerly Essar Oil) Limited?+

The recorded ISIN of Nayara Energy (Formerly Essar Oil) Limited is INE011A01019. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in Nayara Energy (Formerly Essar Oil) Limited unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
ENERGY LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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