Nayara Energy Unlisted Share Price

Nayara Energy Unlisted Share Price Description – Nayara Energy, formerly known as Essar Oil, is a significant player in India’s oil-refining and retail sector. With a robust operational framework and strategic initiatives, the company has carved out a key spot for itself in India’s energy landscape. This article looks at the numbers—financial performance, market dynamics, and prospects—behind Nayara Energy’s unlisted shares.

• Founding and Ownership: Nayara Energy was born as a subsidiary of the Essar Group. Then, in a leveraged buyout on December 30, 2015, it was taken private. That buyout led to its delisting from the stock exchanges. (Or, as one might say, it took the company private.)
• Refinery Operations: At the heart of Nayara’s operations is the Vadinar refinery in Gujarat. That refinery has a refining capacity of 20 million metric tonnes per year—the second-largest in India, after Reliance Industries’ Jamnagar Refinery. It has all the facilities you’d expect: a crude oil tanker terminal, a multi-fuel power plant and extensive dispatch capabilities via rail, road and sea.
• Retail Network: Nayara has been expanding its retail network aggressively in recent years. Today, that network comprises over 6,300 petrol pumps across India. Of those, about 35% are located in Tier 3 to Tier 5 towns. That expansion has driven a 14.3% increase in domestic fuel sales in the second quarter of this year. And a significant proportion of diesel and petrol production—75% of diesel and 60% of petrol—is sold locally.

History of Essar Oil

The company’s roots go back to 1989, when Essar Oil was established as a subsidiary of the Essar Group. Initially, it focused on contract drilling. By the mid-1980s, it had become one of India’s leading private rig operators. Then, in 2008, it began operating the Vadinar refinery in Gujarat, which had a capacity of 10 million tonnes per year at the time. That capacity was later doubled.

In 2016, Essar Oil was sold to Rosneft and a consortium led by Trafigura for USD 12.9 billion (~ INR 1.10 lakh crore). That deal made it one of India’s largest foreign direct investments in the energy sector. After that acquisition, Essar Oil was rebranded as Nayara Energy.

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Delisting of Essar Oil

Essar Oil completed its delisting from Indian stock exchanges on 30th December 2015, the largest delisting in corporate history, with a payout of INR 3745 crore to shareholders. The delisting process involved buying 10.1 crore shares from public shareholders, more than the required 9.26 crore shares for the delisting to happen. The new promoters through Oil Bidco (Mauritius) Ltd offered INR 262.80 per share, much above the floor price of INR 146.05, an 80% premium. This was to give the majority shareholders more flexibility and was a pre-condition for finalising the deal with Rosneft, which later acquired a significant stake in Essar Oil.

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Key Highlights FY 2023-24

• As of 5 August 2025, Nayara Energy exported 43,000 tons of gasoline post-EU sanctions; diesel shipment next amid operational, shipping, and marketing challenges.
• Nayara Energy processed 20.32 million metric tonnes (MMT) of crude oil and procured 144.5 million barrels of crude.
• The company achieved its highest-ever sales through retail outlets, amounting to 7.5 million kiloliters.
• The total revenue from operations was approximately INR 1,55,091.5 crore, with a profit for the year of INR 12,321.0 crore.
• The company operates over 6,300 retail outlets, with nearly 35% located in Tier 3 to Tier 5 towns, enhancing accessibility and mobility across underserved markets.
• The company purchased 225 million standard cubic meters (MMSCM) of natural gas.
• The refinery’s capacity utilization remains high, contributing approximately 8% of India’s total refining output, positioning Nayara as a critical player in the country’s energy security.
• Nayara Energy’s FleetPlus program is India’s first digital fleet program, providing over 30,000 transporters and 5,69,000 drivers with value-added benefits and rewards on their mobile phones.

Nayara Energy Buyback Offer Summary

Nayara Energy initiated a buy-back offer for up to 2,59,08,262 fully paid-up equity shares with a face value of INR 10 each. This represented approximately 1.74% of the company’s total paid-up equity share capital. The buyback was open to all eligible shareholders and beneficial owners on a proportionate basis, for INR 731 per equity share, payable in cash. The total amount allocated for the buyback did not exceed INR 1,893.89 crore. The offer period for this buyback program concluded on 7 May 2025.

Clean Energy Collaboration

In alignment with global trends toward sustainability, Nayara Energy has signed a memorandum of understanding with NTPC Green Energy to explore opportunities in green hydrogen production. This partnership is expected to position Nayara favorably within the emerging clean energy sector.

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Nayara Energy Board of Directors

• Prasad Krishna Panicker – Executive Chairman
• Naina Lal Kidwai – Independent Director
• Deepak Kapoor – Independent Director
• Pattamadai N. Vijay – Non-Executive Director
• Anton Kabachinskiy – Non-Executive Director
• Andrey Bogatenkov – Non-Executive Director
• Avril Mary Ann Conroy – Non-Executive Director
• Victoria Cunningham – Non-Executive Director
• Alexey Lizunov – Non-Executive Director
• Abhimanyu Bhandari – Non-Executive Director
• Jorg Tumat – Non-Executive Director

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Nayara Energy Unlisted Share Price Details

Name	Nayara Unlisted Share Price
Face Value	INR 10 per share
ISIN Code	INE011A01019
Lot Size	100 shares
Demat Status	NSDL, CDSL
Nayara Energy Share Price	INR 1,200 per share
Market Cap	INR 1,78,867 crores
Total number of shares	1,49,05,61,155 shares
Website	www.nayaraenergy.com

Nayara Energy Unlisted Share Price – Shareholding Pattern

Nayara Energy has two primary shareholders:

• Rosneft Singapore Pte: Holds approximately 49.13% stake.
• Kesani Enterprises Limited: Also holds around 49.13%, representing a consortium led by Trafigura & UCP.

This dual ownership structure plays a crucial role in shaping the company’s strategic decisions and operational directions.

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Nayara Energy Unlisted Share Price – Financial Performance

Particulars	FY 2023	FY 2024
Revenue	1,38,112.5	1,55,091.5
Revenue Growth (%)	15.39	12.29
Expenses	1,26,331.7	1,39,600.8
Net income	9,426.2	12,321.0
Margin (%)	6.83	7.94
ROCE (%)	43.25	37.18
ROE (%)	36.62	32.57
Debt/Equity	0.24	0.20
EPS	63.24	83.0

Nayara Energy Annual Reports

Nayara Energy Annual Report FY 2023 – 2024
Nayara Energy Annual Report FY 2022 – 2023

Nayara Energy Unlisted Share Price – Peer Comparison

Company	3-yr Sales CAGR (%)	ROCE (%)	PE Ratio	Net Margin (%)	MCap (INR Cr.)
Nayara Energy	21.02	37.18	14.46	7.94	1,78,867
BPCL	8.28	16.2	10.2	3.03	1,38,680
Hindustan Petroleum Corporation	7.45	10.5	8.50	1.55	86,549
Indian Oil Corporation	8.76	7.37	16.4	1.82	1,99,109

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Nayara Unlisted Share Price FAQs