Annual Report: 2023
The Nayara Energy Limited Annual Report 2022-23 highlights the company's commitment to India's energy needs, energizing mobility, and empowering communities. Nayara Energy aims to actively participate in ensuring India's energy security, contributing ~8% of India's refining output.
Values: Nayara's core values are Energetic, Xtraordinary, Courageous, Ethical, and Lead (EXCEL), driving the company to shape tomorrow, seek better ways, succeed in a changing market, and act with integrity.
Corporate Portrait: Vadinar refinery is India's second largest single-site refinery, known for its safety, reliability, and efficiency and the company is committed to fueling India's growing energy demand by innovating and developing products our customers want. A phased asset development strategy into petrochemicals aims for crude to chemicals journey.
Financial & Operational Performance: In FY 2022-23, Nayara Energy procured 131.32 Mn bbl of crude, purchased 83.5 MMSCM of Natural Gas, and 1.938 MMT of Coal. The refinery achieved ~99.8% operational availability outside turnaround. Marketing efforts launched new products and achieved 12% ethanol blending to reduce CO₂e emissions. Petrochemical Phase-1 construction achieved 91% completion. The company facilitated 57,000 medical consultations and assisted over 4,000 farmers, reducing underweight children in the Dwarka region by 69%. Achieved 15 Mn safe man hours, with 5,500 LTI-free days at the Refinery. Multiple awards and recognitions were received.
Board's Report Highlights: The company's revenue from operations was ₹1,378,213 million (FY 21-22: ₹1,196,894 million). EBITDA was ₹183,112 million (FY 21-22: ₹50,675 million), with a profit after tax of ₹95,916 million (FY 21-22: ₹10,299 million).
Market Dynamics & Response: India's GDP grew by 3.4% in CY 2022. Nayara Energy manages its refinery in Vadinar, handling a diverse range of crude and the global oil and gas industry experienced high volatility in crude oil and finished product prices in FY 2022-23. Demand has surpassed pre-pandemic levels, and the company expanded its international customer and supplier base. India saw 4.8% growth in petroleum production, and 10.2% consumption growth.
Strategy in Action: The company prioritizes expanding its retail network and supports biofuel blending. The company also focus on performance with the plan to mitigate ~20,000 tCO2e annually by establishing a 10MW solar plant at Vadinar refinery and reduce ~730 tCO2e per year by scheduled commissioning a 500 kW captive solar power plant at our newly established rail-fed fuel depot in Pali, Rajasthan. As of 2022-23, over 1,000 retail outlets and two Nayara owned depots already have solar installations along with a planned pilot capacity of 10 MW solar generation at the Vadinar refinery. Return on capital employed was 43.25%, balance sheet was strengthened reducing debt.
Commitment to People, Safety, & Communities: TRIR of 0.09 was achieved, a goal was set to implement industry best practices in India, aiming to make a substantial impact on road transportation safety, while nearly 5,500 injury-free days were recorded for employees, encompassing over 55 million working hours. Actively translate words into action, actively promoting inclusive development through impactful programmes in key areas such as health and nutrition, education, and skill development, facilitated over 57,000 consultations through our Mobile Health Clinic (MHC) and Community Health Centre, spanning 15 villages in Jamnagar and Devbhumi Dwarka. Notably, 50,000+ forecourt salesman and communities were positively impacted.
Environmental Stewardship: 10% ethanol blending compliance in Motor Spirit (MS) and expanding green cover by 25% over the next three years, with 175 hectares of voluntary mangrove cover and also the company ensures that all site-related emissions from our refinery remain below the expected regulatory requirements.
Operational Focus: The refinery was completed in 29 days and operates under state-of-the-art facility. 97% of heavy and ultra-heavy crudes and produced 87% of high margin distillates processed. Production of domestic MS and HSD were at a record level in 2022-23. Retail network expanded to 6,300+ outlets with a focus on automation for future readiness, operating under the "In India, for India" mission.
Future Outlook: Focus to increase Retail Outlet network by 50% and foray into high growth petrochemical business with completion of Polypropylene unit.
The information provided gives shareholders an overview of Nayara Energy's achievements, challenges, and prospects for the future, emphasizing its role in India's energy landscape and its commitment to sustainable and inclusive growth. The report also details the company's financial performance, operational highlights, strategic initiatives, and corporate governance practices, ensuring transparency and accountability to its stakeholders.
Access essential information and documents to make informed investment decisions
Stay updated with upcoming events, conferences, and announcements
Access quarterly and half-yearly financial statements and reports
Download comprehensive annual reports and financial summaries
Access investor presentations, corporate briefings, and slideshows
Our blog provides insightful information about unlisted shares, offering a deeper understanding of how these assets work, their potential benefits, and the risks involved. Whether you're new to unlisted shares or looking to expand your knowledge, we cover topics such as investment strategies, valuation methods, market trends, and regulatory aspects. Stay updated with expert tips and guides to navigate the unlisted share market effectively.
Unlisted shares are stocks of companies that are not listed on any stock exchange, meaning they are not publicly traded. These shares are typically available for trade in the private market through brokers, and can offer unique investment opportunities.
You can buy unlisted shares through a broker or platform that specializes in unlisted share transactions. We provide a secure and easy way to purchase unlisted shares from top companies, ensuring a smooth transaction process.
The share prices of unlisted companies can fluctuate based on various factors like market demand, company performance, and private transactions. You can check the latest share prices for unlisted companies on our website for real-time updates.
Unlisted shares can offer higher growth potential, as they are typically not subject to the same market volatility as listed shares. However, they come with higher risk due to limited liquidity and availability of information. It's important to research thoroughly and consult experts before investing.
To sell unlisted shares, you can connect with a broker or platform that facilitates the sale of private stocks. We help investors buy and sell unlisted shares with ease, ensuring that your transaction is handled professionally and securely.
Yes, unlisted shares can eventually be listed on a stock exchange through an Initial Public Offering (IPO). This process allows the company to offer its shares publicly and be traded on major exchanges, potentially increasing liquidity and visibility.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
The value of unlisted shares is typically determined by private transactions, financial reports, and market demand. We provide the latest updates on share prices of unlisted companies, giving you the most accurate valuation available.
The minimum investment for unlisted shares can vary depending on the company and broker. Generally, the minimum investment is higher than for listed stocks, but we provide detailed information to help you make the best investment decisions.
Yes, unlisted shares may pay dividends if the company has declared them. However, since these companies may be in their growth stage, dividend payments are not always guaranteed. It's important to check the company's financial health before investing.
It's important to conduct thorough research on the company's financials, management, market potential, and overall business model. You can also seek professional advice from experts to help you choose unlisted shares with strong growth prospects.
Gains from unlisted shares are subject to capital gains tax in India. Short-term capital gains (if held for less than 24 months) are taxed at your applicable income tax rate, while long-term capital gains (if held for more than 24 months) are taxed at 20% with indexation benefits. Always consult a tax advisor for precise tax implications.
