Castrol logo

Castrol

CASTROLIND NSE

Key Fundamentals

SmallcapLubricantsPetroleum Products
Market Cap
₹19,716 Cr
Volatility
Moderate
P/E Ratio
18.53
EBITDA
₹1,415 Cr
Return on Equity
49.99%
Debt to Equity
0.03
Book Value
₹19.3
EPS
₹8.95
52W High
₹207.2
52W Low
₹170.1

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.40%.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 43.4%
  • Company has been maintaining a healthy dividend payout of 109%

Weaknesses

1
  • Stock is trading at 10.3 times its book value

Growth Rate

Revenue Growth
6.15% higher than 3Y
Net Income Growth
2.45% lower than 3Y
Cash Flow Change
4.41% lower than 3Y
ROE
22.83% lower than 3Y
ROCE
21.36% higher than 3Y
EBITDA Margin (Avg.)
-2.47% lower than 3Y

AI Analysis — Bull vs Bear

5d ago
AI opinion · based on fundamentals
Risk medium

Castrol India has a market capitalisation of about ₹19,445 crore and trades at a P/E of 18.1 and a P/B of 10.09. Its return on equity has stayed high, at 46% last year, 43% over 3 years and 51% over 10 years, and it pays a dividend yield of 3.21% on a payout ratio of about 109%. Growth has been modest: sales and profit have both compounded at 6% over 3 years, profit at 4% over 10 years, and the stock has returned -2% CAGR over 10 years.

Bull Case 7
  • ROE has stayed consistently high: 46% last year, 43% over 3 years, 45% over 5 years and 51% over 10 years. This suggests a capital-light business with strong brand-driven pricing power in lubricants.
  • The dividend yield of 3.21% is high for a consumer-facing brand, and one data source puts it at 4.34%. The payout ratio of about 109% shows management is committed to returning cash to shareholders.
  • The company is described as almost debt-free and has reduced its debt. With low leverage, balance-sheet risk is limited even with its large payouts.
  • Growth has picked up recently: TTM sales grew 12% and TTM profit grew 13%, well above the 3-year CAGR of 6% for both.
  • At a P/E of 18.1, the stock is valued modestly next to its ROE of about 43-46%. The earnings yield of about 5.5% plus the dividend yield of 3.21% gives a meaningful cash return.
  • Sales compounded at 14% over 5 years, showing the company can grow volumes and pricing in some periods, though part of this comes from a low FY21 base.
  • The stock has compounded at 13% over 3 years, a better recent run than its 10-year CAGR of -2%.
Bear Case 8
  • Long-term growth is slow. Profit compounded at only 4% and sales at 6% over 10 years, below typical nominal GDP growth in India.
  • Shareholders have lost money over the long run: the stock's 10-year CAGR is -2%, and its 5-year CAGR is only 8%. Earnings growth has not turned into returns, partly because the valuation multiple has shrunk.
  • The P/B of 10.09 (10.4 in another source) means the valuation depends almost entirely on high ROE lasting. Any sustained fall from about 46% could hit the stock harder.
  • A payout ratio of about 109% means dividends exceed earnings. This cannot continue indefinitely without eating into reserves, and it leaves little money for reinvestment or new growth areas.
  • Growth in the medium term has been flat: 6% sales and 6% profit CAGR over 3 years. The recent 12-13% TTM pickup has not yet shown it can last.
  • Structural risk from electric vehicles: engine oil for automotive use is the core product. Wider EV adoption, especially in two-wheelers, threatens long-term volume growth, which has already been only 6% over 10 years on the sales line.
  • Margins are exposed to input costs. Base oil and additive prices are linked to crude oil and the rupee-dollar exchange rate, so the 13% TTM profit growth could reverse if raw material costs rise.
  • Competition is intense from state-owned oil companies and global brands in a market of about ₹19,445 crore scale. This limits how far prices can rise and caps the 5-year profit CAGR at 10% even in favourable conditions.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

21h ago
Neutral 1
  • Investor meet at Anand Rathi summit Sep 11

    Castrol India will take part in the Anand Rathi G-200 Summit 2026 on September 22, holding group and one-to-one meetings with investors in Mumbai. This is a routine investor-engagement disclosure and carries no financial or operational guidance.

TL;DR: The only news item is a routine investor-meet disclosure for September 22, so there is no fresh signal on Castrol India's fundamentals, margins or demand trends. No new risks or positive catalysts have been reported in this window. The main things to watch are any commentary on base oil costs, volume growth and competition in lubricants that comes out of the Mumbai meetings, which could shape near-term sentiment.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,334
1,183
1,264
1,325
1,398
1,288
1,354
1,422
1,497
1,363
1,440
1,545
1,871
Expenses
1,024
914
935
1,032
1,075
1,002
978
1,115
1,147
1,040
1,072
1,216
1,377
Operating Profit
310
269
329
294
322
286
376
307
350
323
368
329
494
OPM %
23%
23%
26%
22%
23%
22%
28%
22%
23%
24%
26%
21%
26%
Other Income
19
20
22
24
20
21
23
32
9
12
-9
23
14
Interest
1
2
2
2
3
2
3
2
3
2
2
2
2
Depreciation
22
23
25
24
26
25
25
25
27
25
24
28
30
PBT
305
264
324
292
314
280
371
313
330
308
332
323
476
Tax %
26%
26%
25%
26%
26%
26%
27%
25%
26%
26%
26%
25%
27%
Net Profit
225
194
242
216
232
207
271
233
244
228
245
242
348
EPS in Rs
2.28
1.97
2.45
2.19
2.35
2.1
2.74
2.36
2.47
2.3
2.47
2.45
3.52
Figures in ₹ Crores

Profit & Loss

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025TTM
Sales
3,392
3,298
3,370
3,584
3,905
3,877
2,997
4,192
4,774
5,075
5,365
5,722
6,219
Expenses
2,675
2,397
2,369
2,551
2,834
2,723
2,183
3,125
3,663
3,877
4,086
4,374
4,705
Operating Profit
718
901
1,001
1,033
1,071
1,154
814
1,067
1,111
1,198
1,278
1,348
1,514
OPM %
21%
27%
30%
29%
27%
30%
27%
25%
23%
24%
24%
24%
24%
Other Income
47
90
86
84
84
64
62
47
67
83
88
45
41
Interest
2
1
1
1
1
1
4
2
4
8
9
9
8
Depreciation
36
39
45
46
56
70
87
83
81
92
100
101
108
PBT
726
951
1,040
1,070
1,098
1,147
785
1,029
1,093
1,181
1,258
1,282
1,439
Tax %
35%
35%
36%
35%
36%
28%
26%
26%
25%
27%
26%
26%
—
Net Profit
475
615
670
692
708
827
583
758
815
864
927
950
1,062
EPS in Rs
4.8
6.22
6.78
6.99
7.16
8.36
5.89
7.66
8.24
8.74
9.37
9.6
10.74
Div. Payout %
78%
72%
81%
100%
70%
66%
93%
72%
79%
86%
149%
91%
—
Figures in ₹ Crores

Balance Sheet

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Jun 2026
Equity Capital
247
247
247
495
495
495
495
495
495
495
495
495
495
Reserves
250
328
734
526
671
872
920
1,151
1,391
1,627
1,784
1,406
1,414
Borrowings
0
0
0
0
0
0
0
7
50
77
82
63
53
Other Liabilities
995
1,086
907
957
941
862
979
1,052
1,133
1,221
1,275
1,432
1,917
Total Liabilities
1,492
1,662
1,888
1,977
2,107
2,229
2,394
2,704
3,069
3,420
3,635
3,395
3,880
Fixed Assets
172
149
147
139
186
200
209
201
261
259
319
334
348
CWIP
16
36
37
57
35
27
44
50
61
108
60
72
56
Investments
0
0
0
0
0
0
0
0
325
488
488
443
377
Other Assets
1,304
1,476
1,704
1,781
1,886
2,002
2,141
2,453
2,422
2,565
2,769
2,546
3,099
Total Assets
1,492
1,662
1,888
1,977
2,107
2,229
2,394
2,704
3,069
3,420
3,635
3,395
3,880
Figures in ₹ Crores

Cash Flow

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating
548
740
664
608
549
879
893
630
916
853
1,044
1,090
Investing
-14
2
-33
151
66
-448
-201
-83
62
-251
-265
199
Financing
-697
-478
-568
-656
-567
-628
-564
-558
-608
-664
-819
-1,315
Net Cash Flow
-163
264
63
104
48
-196
128
-10
370
-61
-40
-26
Free Cash Flow
497
703
641
573
472
780
869
547
806
761
951
996
CFO/OP
111
119
104
97
89
103
139
85
107
98
106
107
Figures in ₹ Crores

Ratios

Particulars Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Debtor Days
29
26
28
29
37
45
22
27
27
30
30
30
Inventory Days
69
69
82
70
87
64
106
87
78
74
70
68
Days Payable
101
123
118
133
112
99
157
110
99
98
94
98
Cash Conversion Cycle
-3
-28
-9
-34
12
10
-30
4
6
6
6
0
Working Capital Days
-27
-48
-18
-16
5
5
-34
-8
-8
-7
-7
-13
ROCE %
117%
179%
133%
105%
101%
91%
57%
67%
61%
57%
55%
60%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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58 extracted metrics + investor summaries across FY06–FY26.

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Shareholding Pattern

Others6.00%Govt.0.78%Promot.51.00%FIIs8.18%DIIs13.63%Public20.41%As ofJun 2026

Documents

Frequently Asked Questions about Castrol

What does Castrol India Ltd do?
Castrol India Ltd is principally engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related services.[1]
Where is Castrol India Ltd (CASTROLIND) listed?
Castrol India Ltd trades as CASTROLIND on the NSE and under code 500870 on the BSE.
Which sector does Castrol India Ltd belong to?
Castrol India Ltd is classified under the Petroleum Products sector, in the Lubricants industry.
What is the market capitalisation of Castrol India Ltd?
Castrol India Ltd has a market capitalisation of ₹19,716 Cr, which places it in the Mid Cap band.
What is the PE ratio of Castrol India Ltd?
Castrol India Ltd trades at a PE ratio of 18.53, on earnings per share of ₹8.95, against a book value of ₹19.3 per share.
What is the 52-week high and low of Castrol India Ltd?
Over the last 52 weeks Castrol India Ltd has traded between ₹170.1 and ₹207.2.
Does Castrol India Ltd pay dividends?
Castrol India Ltd has a dividend yield of 3.12%.
What is the Return on Equity (ROE) of Castrol India Ltd?
Castrol India Ltd reported a return on equity of 49.99%. Its debt-to-equity ratio is 0.03.

Company Information

Castrol India Ltd is principally engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related services.[1]

Website castrol.co.in
CEO Mr. Saugata Basuray
Employees 639
Listed 2014-03-14
Face Value ₹ 5
Issued Size 98,91,22,384

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