Shatran Under the Lens: Is Tehran Oil Refining's 335% Gross-Profit Jump Real or Paper? A Fundamental and Forensic Analysis

Name: Shatran Under the Lens: Is Tehran Oil Refining's 335% Gross-Profit Jump Real or Paper? A Fundamental and Forensic Analysis
Uploaded: 2026-07-14T12:07:31+03:30
Duration: 1 min 35 s
Description: Tehran Oil Refining (Shatran) in fiscal 1404 (2025/26) lifted revenue 32%, gross profit 335% and net profit 287%. But a forensic look shows operating cash flow is only 23% of net profit and accounts receivable have jumped 273%. This neutral analysis, with no buy or sell recommendation, probes earnings quality, the balance sheet, and the durability of this growth.

Sahmino editorial· 14 July· Short· 01:35

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Tehran Oil Refining (Shatran) in fiscal 1404 (2025/26) lifted revenue 32%, gross profit 335% and net profit 287%. But a forensic look shows operating cash flow is only 23% of net profit and accounts receivable have jumped 273%. This neutral analysis, with no buy or sell recommendation, probes earnings quality, the balance sheet, and the durability of this growth.

Shatran Under the Lens: Is Tehran Oil Refining's 335% Gross-Profit Jump Real or Paper? A Fundamental and Forensic Analysis

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