Nayara Energy Unlisted Share 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 positioned itself as a key contributor to the energy landscape in India. This article delves into the financial performance, market dynamics, and prospects of Nayara Energy’s unlisted shares.
- Founding and Ownership: Nayara Energy was established as a subsidiary of the Essar Group but was taken private in a leveraged buyout completed on 30 December 2015. This buyout led to its delisting from stock exchanges.
- Refinery Operations: The company’s flagship asset is the Vadinar refinery located in Gujarat, which boasts a refining capacity of 20 million metric tonnes per annum (MMTPA). This makes it the second-largest refinery in India, following the Jamnagar Refinery operated by Reliance Industries. The refinery is equipped with comprehensive facilities, including a crude oil tanker terminal, a multi-fuel power plant, and extensive dispatch capabilities via rail, road, and sea.
- Retail Network: In recent years, Nayara has strategically expanded its retail network, now comprising over 6,600 petrol pumps across India, with a focus on underserved markets. Approximately 35% of these outlets are located in Tier 3 to Tier 5 towns. This expansion has contributed to a 14.3% increase in domestic fuel sales in the second quarter of 2024, with significant proportions of diesel and petrol production being sold locally—75% of diesel and 60% of petrol produced are directed to the domestic market.
History of Essar Oil
Essar Oil, established in 1989 as a subsidiary of the Essar Group, initially focused on contract drilling and quickly became a leading private rig operator in India during the mid-1980s. The company marked its entry into refining by constructing the Vadinar refinery in Gujarat, which began operations in 2008 with a capacity of 10 million tonnes per annum and later expanded to 20 million tonnes.
In 2016, Essar Oil was sold to Russian oil giant Rosneft and a consortium led by Trafigura for USD 12.9 billion, making it one of India’s largest foreign direct investments in the energy sector. Following this acquisition, Essar Oil was rebranded as Nayara Energy.
Delisting of Essar Oil
Essar Oil completed its delisting from Indian stock exchanges on 30 December 2015, marking the largest delisting in corporate history with a payout of INR 3,745 crore to shareholders. The delisting process involved acquiring 10.1 crore shares from public shareholders, exceeding the required 9.26 crore shares for the delisting to proceed. The new promoters, through Oil Bidco (Mauritius) Ltd, offered INR 262.80 per share, significantly above the floor price of INR 146.05, representing an 80% premium. This strategic move aimed to provide the majority shareholders with increased flexibility and was a prerequisite for finalizing a deal with Rosneft, which subsequently acquired a significant stake in Essar Oil.
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Key Highlights (FY 2023-24)
- 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 6,600 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.
Clean Energy Collaboration
In alignment with global trends towards 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 Details
| Name | Nayara Energy Unlisted Share Details |
| Face Value | INR 10 per share |
| ISIN Code | INE011A01019 |
| Lot Size | 100 shares |
| Demat Status | NSDL, CDSL |
| Nayara Energy Unlisted Share Price | INR 650 per share |
| Market Cap | INR 96,886 crores |
| Total number of shares | 1,49,05,61,155 shares |
| Website | www.nayaraenergy.com |
Nayara Energy Unlisted Share – Recent Price Movement
As of the latest data, Nayara Energy’s unlisted shares are currently priced at INR 650. The stock has experienced notable price movements, with a 52-week high of INR 725 and a 52-week low of INR 300. The market capitalization stands at approximately INR 96,886 crore, reflecting significant investor interest. Over the past 15 days, the share price has shown fluctuations, indicative of active trading in the unlisted market.
Nayara Energy Unlisted Share Details – 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 Details – 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 Peer Comparison
| Company | 3-yr Sales CAGR (%) | ROCE (%) | PE Ratio | Net Margin (%) | MCap (INR crore) |
| Nayara Energy | 21.02 | 37.18 | 7.83 | 7.94 | 96,886 |
| Bharat Petroleum Corporation | 24.9 | 32.1 | 9.53 | 5.99 | 1,26,880 |
| Hindustan Petroleum Corporation | 23.0 | 21.3 | 19.2 | 3.69 | 80,857 |
| Indian Oil Corporation | 28.7 | 21.1 | 11.4 | 5.56 | 1,94,591 |
Nayara Energy Unlisted Share FAQs
Is it safe to purchase unlisted shares in India?
While there are risks associated with unlisted shares, purchases made from credible brokers and after conducting due diligence considerably lower these risks.
What is Nayara Energy unlisted share price?
Nayara Energy share price today was INR 650 per share. Shares are purchased in lots of 100 shares.
Who determines Nayara Energy unlisted share price?
Nayara Energy Unlisted share price is determined by various factors including recent transaction price, supply and demand, valuation in the latest funding round, profitability, and return ratios.
