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Castrol India Ltd

Company details

118.65
121.00
99.20
136.80
6M Return 2.92%
1Y Return -3.58%
Mkt Cap.(Cr) 11,864.52
Volume 13,211
Div Yield 4.61%
OI
-
OI Chg %
-
Volume 13,211

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Base oil costs trend key monitorable…

About The Stock

    Castrol India, a subsidiary of BP, operates in the lubricants business and caters to automotive and industrial segments.

    • Automotive segment volumes contribute 80-85% of total sales volume
    • Castrol has high pricing power and commands premium for its products

Q1CY22

    Q1CY22 earnings were driven by higher realisation YoY.

    • Revenue was up 8.5% YoY to ₹ 1235.7 crore, driven by higher realisation
    • Gross margins were up ~4.5% YoY to ₹ 105.1/litre, on account of higher realisation. EBITDA/litre was at ₹ 53.8/litre, down ~3.6% YoY as the company reported higher employee and other expenses
    • EBITDA was at ₹ 317.2 crore, down 6.7% YoY. Subsequently, PAT declined 6.2% YoY to ₹ 228.4 crore

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Castrol India Ltd.

Q2FY23 Quarterly Result Announced for Castrol India Ltd.

Castrol India announced Q2FY23 results:

  • For the nine months (9M):
    • In Q2FY23 the Company registered Revenue from Operations of Rs.3,598 crore, achieving a growth of 16% compared to Rs.3,102 crore in 9M 2021.
    • Profit Before Tax (PAT) for the period stood at Rs.845 crore, marking a growth of 9% from Rs.772 crore in 9M 2021.
  • For the third quarter (3Q):
    • In Q2FY23, the Company registered Revenue from Operations of Rs.1,121 crore, achieving a growth of 4% compared to Rs.1,073 crore in 3Q 2021.
    • Profit Before Tax (PAT) for the quarter stood at Rs.254 crore, marking a growth of 2% from Rs.250 crore in 3Q 2021.

Commenting on the quarterly results, Sandeep Sangwan, Managing Director, Castrol India Limited, said, “The third quarter witnessed forex pressures along with extreme inflationary pressures arising from volatile crude oil prices, leading to rising costs of additives and base oil. To safeguard our margins and deliver bottom-line growth, we employed rigorous pricing and cost management. We continued to strengthen our service & maintenance network across India with the addition of new Castrol Auto Service centres and Castrol Express Oil change outlets.”

Sharing a future outlook, Sandeep Sangwan added, “Our key focus is to drive growth for Castrol and protect our profitability. An integral element of our future-ready strategy is our foray into the automotive aftercare market and into service & maintenance. In addition to our current alliances, we are also exploring further collaborations with electric vehicle OEMs to help advance electric mobility in India and support mechanics to get EV-ready.”

Result PDF

View Other Company Results

OUR RESEARCH VIEW

Investment recommendation

Base oil costs trend key monitorable…

Call Date

03 Aug 2022

Entry Price

115.00

Target Price

125.00

Duration

12 Month

FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 1,645.51 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,728.09 -29,609.20
LAST 3M 42,048.80 -31,382.80
LAST 6M 65,127.04 16,114.05
LAST 12M 194,271.06 -118,498.61

INFORMATION

Stock PE (TTM)

14.65

Promoter Holding

51%

Book Value

18.1409

ROCE

66.21%

ROE

49.55%

Description

  • Castrol India Ltd is in the Chemicals sector is having a market capitalization worth Rs. 13,219.62 crores, it is incorporated in the year 1979. It has reported standalone sales of Rs. 889.60 crores in June 2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500870, and also listed on the National Stock Exchange (NSE) with the code CASTROLIND.

    Castrol India Ltd formerly known as Indrol Lubricants and Specialties Pvt Ltd. Its registered office is located in the city of Mumbai. Castrol mainly operates in manufacturing and marketing automotive, industrial and marine grade lubricants. In the automotive vehicle segment, Castrol manufactures engine oil, transmission fluids, brake fluids, hydraulic oils, etc. In the marine and industrial segment, Castrol manufactures lubricants for metalwork, rust preservatives, and coolants. Castrol has a total of 690 permanent employees on its payroll. Castrol India has installed three plants around the country in the districts of Patalganga, Paharpur, and Silvassa. The promoters of the company own 51.0% of the stake in the company, Foreign Institutional Investors (FII) own 12.03% of any stake in the company, Domestic Institutional Investors (DII) own 16.53%, and others (such as public & retail investors) hold the balance of 20.44%.

    In June 2021, quarterly net revenue was Rs. 889.6 crores, which has increased by approximately 81.33 % from Rs. 490.6 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 140.0 crores, which has risen sharply and increased by nearly 114.07% from a net profit of Rs. 65.04 crores in June 2020. In June 2021, the reported operating profit was at Rs. 715.0 crores, which has also increased by 82.12% as compared to an operating profit of Rs. 392.6 crores for the quarter ending in June 2020. From a marginal EPS of Rs. 0.6 in June 2020, the EPS of Castrol India Ltd has improved and reached a positive EPS of Rs. 1.42 per share in June 2021. CASTROLIND's stock closed at Rs. 133.65 on 27th August’2021 (NSE). Castrol India Ltd has returned a marginal 3.05% in the last six months and returned 9.01% positively in the previous year.

No Data Found

AGM Date (Month) : Apr
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 500870
NSE Code : CASTROLIND
Book Closure Date (Month) : Apr
BSE Group : A
ISIN : INE172A01027

ICICIdirect Castrol India Ltd FAQ

You can buy Castrol India Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Castrol India Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 08, 2023 04:01 PM the closing price of Castrol India Ltd was ₹ 119.95.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 08, 2023 04:01 PM, the market cap of Castrol India Ltd stood at ₹ 11,864.52.
The latest PE ratio of Castrol India Ltd as of Feb 08, 2023 04:01 PM is 14.65
The latest PB ratio of Castrol India Ltd as of Feb 08, 2023 04:01 PM is 0.15
The 52-week high of Castrol India Ltd is ₹ 136.80 while the 52-week low is ₹ 99.20
According to analyst recommendations, Castrol India Ltd has a “Buy” rating for the long term.

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