Castrol India, a subsidiary of BP, operates in the lubricants business and caters to automotive and industrial segments.
Q1CY22 earnings were driven by higher realisation YoY.
Castrol India announced Q2FY23 results:
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.”
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 |
| Date | Action Type | Ratio |
|---|---|---|
| Aug 08, 2022 | Dividend | 60 |
| Jun 02, 2022 | Dividend | 60 |
| Aug 11, 2021 | Dividend | 50 |
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.
| 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 |
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