Castrol India Ltd logo

Castrol India Ltd

CASTROLIND NSE

Key Fundamentals

SmallcapLubricantsPetroleum Products
Market Cap
₹18,552 Cr
Volatility
Moderate
P/E Ratio
17.4
EBITDA
₹1,415 Cr
Return on Equity
49.99%
Debt to Equity
0.03
Book Value
₹19.3
EPS
₹8.95
52W High
₹211.4
52W Low
₹170.1

Insights

Beta

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

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.67%.
  • 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 9.72 times its book value

Growth Rate

Revenue Growth
6.15% ↘
Net Income Growth
2.45% ↘
Cash Flow Change
4.41% ↗
ROE
22.83% ↗
ROCE
21.36% ↗
EBITDA Margin (Avg.)
-2.47% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 4d ago
AI opinion · based on fundamentals
Risk medium

Castrol India is an asset-light, debt-free lubricants company with a market cap of ₹18,689 Cr, trading at a PE of 17.5x and delivering a 3-year average ROE of 43%. The stock has underperformed over the past year with a -9% return despite reporting 12% TTM sales growth and 13% TTM profit growth.

Bull Case 8
  • Virtually debt-free balance sheet, reducing financial risk and providing flexibility for capital allocation
  • Exceptional return on equity of 46% in the last year and a 3-year average of 43%, indicating highly efficient capital deployment
  • Attractive dividend yield of 3.32-4.64% with a payout ratio of 109%, returning substantially all earnings to shareholders
  • TTM revenue growth of 12% marks an acceleration over the 3-year sales CAGR of 6%, suggesting improving demand
  • TTM profit growth of 13% outpaces the 5-year profit CAGR of 10%, showing margin resilience
  • PE of 17.5x is reasonable for a consumer-facing brand with 45%+ ROE and consistent cash generation
  • 10-year ROE averaging 51% demonstrates a durable competitive moat in the lubricants segment
  • 5-year compounded sales CAGR of 14% reflects structural volume and pricing growth over a full cycle
Bear Case 8
  • Stock trades at 9.75x price-to-book, which is expensive for a mature, low-growth business
  • 1-year stock return of -9% indicates market de-rating despite steady fundamentals
  • 10-year stock CAGR of -1% shows the company has delivered near-zero capital appreciation over a decade
  • 3-year compounded profit growth of only 6% suggests limited earnings acceleration in the medium term
  • 10-year compounded sales CAGR of just 6% points to a structurally slow topline growth profile
  • 10-year profit CAGR of 4% lags inflation-adjusted returns expected from equity investing
  • EV transition poses a long-term structural threat to lubricant volumes as ICE vehicle share declines
  • Dividend payout of 109% exceeds net income, leaving minimal retained earnings for reinvestment or diversification

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

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Positives 2
  • Q2FY26 PAT surges 43% YoY Aug 5

    Castrol India reported 43% YoY PAT growth to ₹348 crore in Q2FY26, driven by 25% revenue growth, volume gains, and supply chain agility amid inflation. Board declared interim dividend of ₹6.25 per share.

  • New MD appointment for 5 years Jul 23

    Castrol India seeks shareholder approval to appoint Saugata Basuray as Managing Director for a 5-year term effective 1 June 2026, with e-voting open from 24 July to 22 August 2026.

Neutral 1
  • Q2FY26 earnings call released Aug 5

    Castrol India released the recording of its post-earnings analyst call held on August 5, 2026, discussing unaudited financial results for the quarter and half-year ended June 30, 2026.

TL;DR: Castrol India delivered a strong Q2FY26 with 43% profit growth and a healthy dividend, signaling robust demand and operational efficiency. Leadership continuity is being secured with a new 5-year MD appointment. No material headwinds are visible in the recent news flow. The trend is clearly improving, though sustaining this growth rate amid inflationary pressures will be worth monitoring.

Quarterly Results

  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

  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

  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

  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

  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%

Shareholding Pattern

As of Jun 2026
Promoters 51.00%
Public 20.41%
DIIs 14.41%
FIIs 8.18%
Others 6.00%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
10.84%
0.00%
0.00%
0.00%
0.00%
0.00%
9.51%
9.98%
10.05%
9.52%
10.65%
10.31%
10.28%
9.69%
8.48%
8.18%
DIIs
16.64%
16.47%
16.43%
16.31%
15.98%
16.22%
16.11%
16.57%
16.57%
16.38%
16.51%
15.87%
16.37%
16.11%
15.18%
14.47%
14.58%
14.93%
14.95%
14.58%
14.66%
14.41%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
17.60%
17.39%
17.33%
17.43%
18.65%
18.82%
18.61%
17.71%
17.71%
17.67%
18.10%
18.24%
18.78%
18.53%
19.30%
20.22%
19.75%
19.74%
19.79%
20.62%
20.67%
20.41%
Others
14.76%
15.14%
15.24%
15.26%
14.38%
13.96%
3.44%
14.72%
14.72%
14.95%
14.38%
14.89%
4.33%
4.38%
4.47%
4.79%
4.03%
4.02%
3.99%
4.11%
5.18%
6.00%
No. of Shareholders
2,36,779
2,48,489
2,55,179
2,60,427
2,96,543
3,05,265
2,98,420
2,80,484
2,85,745
2,89,776
3,01,596
3,39,597
3,77,234
3,98,584
4,88,060
5,06,992
5,28,263
5,41,916
5,27,199
5,29,407
5,44,404
5,41,506

Documents

1
Concall - Aug 2026 Aug 2026
2
Concall - Jun 2017 Jun 2017
3
Concall - Feb 2018 Feb 2018
4
Concall - Feb 2021 Feb 2021
5
Concall - May 2026 May 2026

Frequently Asked Questions about Castrol India Ltd

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 is listed on the Indian stock exchanges. It is listed on NSE: CASTROLIND and BSE: 500870. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Castrol India Ltd belong to?
Castrol India Ltd operates in the Petroleum Products sector within the Lubricants industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Castrol India Ltd?
Castrol India Ltd has a market capitalisation of approximately ₹18551.98 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Castrol India Ltd?
The Price-to-Earnings (PE) ratio of Castrol India Ltd is 17.40. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Castrol India Ltd?
Over the past 52 weeks, Castrol India Ltd has traded between a low of ₹170.1 and a high of ₹211.4. This range helps investors understand the stock's price volatility and recent trading levels.
Does Castrol India Ltd pay dividends?
Yes, Castrol India Ltd has a dividend yield of 3.33%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Castrol India Ltd?
Castrol India Ltd has a Return on Equity (ROE) of 49.99%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Castrol India Ltd on Tapetide?
On Tapetide, you can view Castrol India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

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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