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Castrol India

CASTROLIND NSE
₹194.97 No trade today
P/E
19.08
View as Markdown
MCP
Close 4 Nov 2026 ₹194.97 +4.61 +2.42% 1Y
Start ₹190.36

Key Fundamentals

SmallcapPetroleum ProductsEnergy

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
60.30%
Debt to Equity
0.03
EPS (TTM)
₹10.22
Book Value
₹19.30
Market Cap
—
P/E (TTM)
19.08
P/B
10.10
ROE
45.90%
Dividend Yield
3.22%
EBITDA
₹1,415 Cr
52W High
₹203.40
52W Low
₹170.10
Volume
0

Peer Comparison

Energy › Petroleum Products › Lubricants

Castrol peer comparison
Castrol (this company)
₹194.9719.08₹19,194 Cr10.103.22%45.90%60.30%₹6,591 Cr₹1,011 Cr
Gulf Oil Lubricants
₹1,086.3014.06₹5,342 Cr3.284.70%24.10%27.20%₹4,315 Cr₹382 Cr
Savita Oil Technologies
₹675.6510.85₹4,737 Cr2.550.72%8.88%14.00%₹4,853 Cr₹427 Cr
Panama Petrochem
₹458.355.79₹2,807 Cr1.890.64%15.60%19.20%₹4,106 Cr₹479 Cr
Gandhar Oil Refinery
₹269.818.76₹2,657 Cr1.550.76%10.50%13.30%₹5,052 Cr₹317 Cr
Veedol Corporation
₹1,412.8011.20₹2,463 Cr2.384.11%19.50%24.10%₹2,263 Cr₹220 Cr
GP Petroleums
₹65.008.03₹326 Cr0.850.77%8.38%10.80%₹714 Cr₹40 Cr
Median 7 companies₹458.3510.85₹2,807 Cr2.380.77%15.60%19.20%₹4,315 Cr₹382 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

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

Overall score

57 Good

Data confidence 100/100

Category scores

Quality
76
Strong
Returns, margins, earnings quality 22% weight
Valuation
45
Weak
Cheap vs sector & own history 24% weight
Growth
57
Good
Sales & profit trajectory 9% weight
Financial Health
86
Strong
Solvency, leverage, coverage 9% weight
Momentum
48
Average
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

5
  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 4.50%.
  • 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 10.1 times its book value

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2710
OscillatorsBearish270
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
52.72
Neutral
MACD (12,26,9)
−0.44
Bearish
SMA (50)
192.68
Bullish
SMA (200)
186.55
Bullish

As of

Analyst Rating

Based on 5 analysts
HOLD60%

2 of 5 analysts rate Buy, 3 Hold, 0 Sell.

As of

BUY
2
40%
HOLD
3
60%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Dec 2025; 1Y: fiscal year to Dec 2025 against Dec 2024; TTM: four quarters to Sep 2026 against Sep 2025.

Revenue

Revenue growth by window
10Y+5.66%
5Y+13.81%
3Y+6.22%
1Y+6.65%
TTM+16.94%

Net profit

Net profit growth by window
10Y+4.44%
5Y+10.26%
3Y+5.24%
1Y+2.48%
TTM+3.59%

Operating cash flow

Operating cash flow growth by window
10Y+3.95%
5Y+4.07%
3Y+5.97%
1Y+4.41%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−3.76 pp
5Y−3.60 pp
3Y+0.29 pp
1Y−0.26 pp
TTM−2.01 pp

Revenue by year

Revenue by year, ₹ crore
Dec 2016₹3,370 Cr
Dec 2017₹3,584 Cr
Dec 2018₹3,905 Cr
Dec 2019₹3,877 Cr
Dec 2020₹2,997 Cr
Dec 2021₹4,192 Cr
Dec 2022₹4,774 Cr
Dec 2023₹5,075 Cr
Dec 2024₹5,365 Cr
Dec 2025₹5,722 Cr

Net profit by year

Net profit by year, ₹ crore
Dec 2016₹670 Cr
Dec 2017₹692 Cr
Dec 2018₹708 Cr
Dec 2019₹827 Cr
Dec 2020₹583 Cr
Dec 2021₹758 Cr
Dec 2022₹815 Cr
Dec 2023₹864 Cr
Dec 2024₹927 Cr
Dec 2025₹950 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹288 Cr +4.5% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 30 Oct 2026
AI opinion · based on fundamentals
Risk medium

Castrol India Ltd trades at ₹188 as of 2026-10-30 with a market cap of ₹18,652 Cr. The company is virtually debt-free (debt-to-equity of 0.03), earns a ROE of 49.99% and ROCE of 65.01%, and offers a dividend yield of 3.33%. However, the stock trades at 9.74x book value and has delivered a negative 10-year stock CAGR of -2%, indicating that strong profitability has not consistently translated into capital appreciation.

Bull Case 7
  • Near-zero leverage with a debt-to-equity ratio of just 0.03, giving the company significant financial flexibility and resilience through commodity cycles
  • Exceptional return on equity of 49.99% (TTM) backed by a consistent 10-year average ROE of 51%, reflecting a durable competitive advantage in the lubricants market
  • ROCE of 65.01% signals highly efficient capital deployment, well above most manufacturing peers in India
  • Dividend yield of 3.33% supported by a payout ratio of 109%, making it an attractive cash-return story for income-oriented investors
  • TTM revenue growth of 17% and 5-year compounded sales growth of 14% indicate meaningful top-line acceleration in recent years
  • 3-year stock CAGR of 12% shows improved price performance in the medium term despite longer-term weakness
  • Stock is trading 7.6% below its 52-week high of ₹203.4, offering a more moderate entry valuation relative to its recent peak
Bear Case 7
  • 10-year stock CAGR of -2% indicates that long-term shareholders have seen capital erosion despite consistently high ROE, pointing to a disconnect between profitability and shareholder returns via price appreciation
  • 10-year compounded profit growth of only 4% lags the sales CAGR of 6% over the same period, suggesting margin compression or inability to fully pass through input costs
  • TTM profit growth of 5% trails TTM sales growth of 17%, indicating that recent top-line momentum is not flowing proportionally to the bottom line
  • P/E (TTM) of 18.4x paired with single-digit earnings growth (5% TTM) implies the stock is priced for growth that current profit trends do not support
  • Dividend payout ratio of 109% exceeds net profits, which is unsustainable long-term and limits retained earnings for reinvestment or growth initiatives
  • 1-year stock CAGR of -2% shows the stock has underperformed even in the near term, reflecting potential market scepticism about the growth runway
  • As a petroleum products company operating in lubricants, Castrol faces structural headwinds from the transition to electric vehicles, which require significantly less or no traditional lubricant usage

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

AI News Digest

9h ago

TL;DR: Castrol India faced a sharp sequential earnings decline in Q3 driven by raw material cost inflation and adverse currency movements, with net profit nearly halving and EBITDA margins compressing by over 11 percentage points. On the positive side, the nine-month EBITDA trend remains up 11% and the industrial segment continues delivering double-digit volume growth, while distribution expansion into rural and service networks progresses steadily. LIC's stake reduction and management's caution on continued volatility add near-term uncertainty. The trend is deteriorating on a quarterly basis, but pricing actions and distribution investments could support recovery if input cost pressures ease.

Headwinds 4
  • Q3 profit plunges 49% Oct 24

    Net profit fell 49.3% sequentially to ₹176.4 crore from ₹347.7 crore, while EBITDA dropped 47% to ₹262.3 crore with margins contracting sharply to 15.1% from 26.4%.

  • Raw material and currency headwinds Oct 24

    Sharp rise in raw material costs and unfavorable currency movements pressured margins in Q3. Management cautioned the operating environment is likely to remain volatile and inflationary.

  • Revenue declines sequentially Oct 24

    Q3 revenue fell 7.3% quarter-on-quarter to ₹1,734.7 crore from ₹1,871.5 crore in the previous quarter.

Positives 3
  • Nine-month EBITDA up 11% Oct 24

    Despite the weak quarter, EBITDA grew 11% over the first nine months of the calendar year, indicating underlying business resilience on a longer horizon.

  • Industrial business double-digit growth Oct 24

    The industrial business recorded another quarter of double-digit volume growth, demonstrating strength in the B2B segment despite overall margin pressures.

  • Distribution footprint expanding Oct 24

    National distribution expanded to approximately 1.67 lakh outlets including 46,000 rural ones, with 870+ Castrol Auto Service centres and Rural Service Express covering 1,000+ locations.

Neutral 2
  • Supply chain head resigns Nov 4

    Jyoti Prakash, VP and Head of Supply Chain, resigned effective January 14, 2027, to pursue external opportunities. The extended transition period allows for orderly management change.

  • Q3 earnings call scheduled Oct 7

    Castrol India scheduled its board meeting for October 24, 2026 and post-earnings conference call for October 26, 2026 to discuss Q3FY26 results.

Quarterly Results

₹ Cr
CASTROLIND quarterly results, ₹ crore
Particulars Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
1,183
1,264
1,325
1,398
1,288
1,354
1,422
1,497
1,363
1,440
1,545
1,871
1,735
Expenses
914
935
1,032
1,075
1,002
978
1,115
1,147
1,040
1,072
1,216
1,377
1,473
Operating Profit
269
329
294
322
286
376
307
350
323
368
329
494
262
OPM %
23%
26%
22%
23%
22%
28%
22%
23%
24%
26%
21%
26%
15%
Other Income
20
22
24
20
21
23
32
9
12
−9
23
14
13
Interest
2
2
2
3
2
3
2
3
2
2
2
2
2
Depreciation
23
25
24
26
25
25
25
27
25
24
28
30
30
PBT
264
324
292
314
280
371
313
330
308
332
323
476
243
Tax %
26%
25%
26%
26%
26%
27%
25%
26%
26%
26%
25%
27%
28%
Net Profit
194
242
216
232
207
271
233
244
228
245
242
348
176
EPS (₹)
1.97
2.45
2.19
2.35
2.1
2.74
2.36
2.47
2.3
2.47
2.45
3.52
1.78

Profit & Loss

₹ Cr
CASTROLIND profit and loss, annual, ₹ crore
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
6,591
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
5,138
Operating Profit
718
901
1,001
1,033
1,071
1,154
814
1,067
1,111
1,198
1,278
1,348
1,453
OPM %
21%
27%
30%
29%
27%
30%
27%
25%
23%
24%
24%
24%
22%
Other Income
47
90
86
84
84
64
62
47
67
83
88
45
42
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
113
PBT
726
951
1,040
1,070
1,098
1,147
785
1,029
1,093
1,181
1,258
1,282
1,375
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
1,011
EPS (₹)
4.8
6.22
6.78
6.99
7.16
8.36
5.89
7.66
8.24
8.74
9.37
9.6
10.22
Div. Payout %
78%
72%
81%
100%
70%
66%
93%
72%
79%
86%
149%
91%
—

Balance Sheet

₹ Cr
CASTROLIND balance sheet, annual, ₹ crore
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

Cash Flow

₹ Cr
CASTROLIND cash flow, annual, ₹ crore
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/EBITDA
111
119
104
97
89
103
139
85
107
98
106
107

Ratios

CASTROLIND financial ratios, annual
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

Log in to view Castrol insights

58 extracted metrics across FY06–FY26.

Shareholding Pattern

As of Sep 2026

  • Promoters 51.00%
  • Public 19.75%
  • DIIs 13.32%
  • FIIs 10.42%
  • Others 5.52%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Castrol India

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.
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 PE ratio of Castrol India Ltd?
Castrol India Ltd trades at a PE ratio of 19.08 as of 4 Nov 2026, on earnings per share of ₹10.22, 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 ₹203.4 as of 4 Nov 2026.
Does Castrol India Ltd pay dividends?
Castrol India Ltd has a dividend yield of 3.22%.
What is the Return on Equity (ROE) of Castrol India Ltd?
Castrol India Ltd reported a return on equity of 45.90%. 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.

Website castrol.co.in
CEO Mr. Saugata Basuray
Employees 639
Listed 14 Mar 2014
Face Value ₹5

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