Stock Split: Small cap stock jumps after board to consider share split

Synopsis:
Gujarat Natural Resources Limited will meet on 12th December 2025 to consider splitting its ₹10 equity shares to enhance liquidity and make the shares more affordable.

This Small-cap stock, engaged in upstream oil and gas exploration and production through its step-down subsidiary in six producing blocks in Gujarat’s Cambay Basin, jumped 2.18 percent after the board considered a share split meeting on Friday, 12th December 2025

With a market capitalization of Rs. 1,117.36 crores, the share of Gujarat Natural Resources Limited has reached an intraday high of Rs. 89 per equity share, rising nearly 2.18 percent from its previous day’s close price of Rs. 87.10. Since then, the stock has retreated and is currently trading at Rs. 87.02 per equity share. 

What is the News?

Gujarat Natural Resources Limited has informed that its Board of Directors will meet on Friday, 12th December 2025, to consider a proposal for altering the company’s share capital structure. The proposal includes a sub-division or split of the existing fully paid equity shares with a face value of Rs. 10 each. This step is aimed at improving liquidity and making the shares more affordable for investors.

Company Overview

Gujarat Natural Resources Limited (GNRL) was incorporated in 1991 as Lesha Energy Resources Limited and is headquartered in Ahmedabad, Gujarat. Originally involved in steel, it shifted focus to upstream oil and gas exploration after demerging its steel division in 2010. 

The company is engaged in oil and natural gas exploration and production, primarily through its step-down subsidiary GNRL Oil & Gas Limited (formerly Heramec Limited). It holds participating interests in six producing blocks in the Cambay Basin, Gujarat, operating five of them, including fields like Dholasan, North Balol, Kanawara, North Kathana, and Unawa. 

The company also provides technical advisory, well engineering, and drilling project management services. Its activities include ongoing drilling campaigns, such as recent appraisal and development wells in the Kanawara field to boost hydrocarbon output. GNRL conducts trading of goods as a secondary business.

Recent quarter results

Coming into financial highlights, Gujarat Natural Resources Limited’s revenue has increased from Rs. 4.93 crore in Q2 FY25 to Rs. 8.65 crore in Q2 FY26, which has grown by 75.46 percent. The net profit of the company has converted from negative to positive, from a net loss of Rs. 0.46 crore in Q2 FY25 to a net profit of Rs. 3.84 crore in Q2 FY26.

In terms of return ratios, the company’s ROCE and ROE stand at -0.56 percent and -2.87 percent, respectively. Gujarat Natural Resources Limited has an earnings per share (EPS) of Rs. 0.12, and its debt-to-equity ratio is 0.05x.

Written By – Nikhil Naik

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