Castrol
Castrol
Petroleum ProductsKey Fundamentals
SmallcapLubricantsPetroleum ProductsTapetide 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 4.65%.
- 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 9.74 times its book value
Growth Rate
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 2d agoCastrol India Ltd, with a market cap of ₹18,646 Cr and a PE of 17.5x, is a virtually debt-free lubricant major generating a 3-year average ROE of 43% and offering a dividend yield of 3.32%. TTM sales grew 12% and profit grew 13%, though the stock has delivered a negative 6% return over the past year and a negative 2% CAGR over 10 years.
- Virtually debt-free balance sheet, providing financial resilience and flexibility through commodity cycles
- Exceptional return on equity at 46% (last year) and a 3-year average of 43%, indicating highly efficient capital deployment relative to peers in the petroleum products sector
- Healthy dividend yield of 3.32% (screener-reported 4.65% on trailing basis), supported by a dividend payout ratio of 109%, making it a consistent income generator
- TTM revenue growth of 12% and TTM profit growth of 13% show an acceleration compared to the 3-year compounded sales CAGR of 6% and profit CAGR of 6%
- 10-year ROE average of 51% demonstrates the durability of the company's competitive moat in branded lubricants over a full business cycle
- PE of 17.5x is moderate for a high-ROE, debt-free FMCG-like consumer franchise, suggesting valuation is not excessively stretched on an earnings basis
- 5-year compounded sales CAGR of 14% reflects the company's ability to drive top-line growth through pricing power and product mix improvement
- Stock trades at 9.75x price-to-book, which is elevated and leaves limited margin of safety if ROE compresses from current 46% levels
- 10-year stock CAGR of -2% indicates the stock has destroyed value for long-term holders despite strong operating metrics, suggesting growth limitations are already priced in or earnings quality is not translating to capital appreciation
- 1-year stock return of -6% signals recent underperformance and possible de-rating by the market amid sector headwinds
- Compounded profit CAGR of only 4% over 10 years indicates structurally low long-term earnings growth, constrained by the mature Indian lubricants market
- Dividend payout ratio of 109% exceeds net profit, suggesting the company is returning more than it earns — this limits reinvestment capacity and may not be sustainable if profits stagnate
- 10-year compounded sales CAGR of just 6% reflects a slow-growth business in a sector facing long-term disruption from electric vehicles and extended oil-drain intervals
- 3-year stock CAGR of 8% and 5-year CAGR of 6% both trail broader market indices like the Nifty 50, indicating persistent relative underperformance
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 2h ago- New MD appointed for 5 years Aug 24
Shareholders overwhelmingly approved Saugata Basuray as Managing Director for a five-year term starting June 2026, providing leadership stability.
- Investor meet at Anand Rathi Sep 11
Castrol India to participate in the Anand Rathi G-200 Summit on September 22, 2026, with group and one-to-one management interactions limited to publicly available information.
- Updated investor presentation released Aug 25
Castrol India released an updated investor presentation on August 25, 2026, directing stakeholders to its investor relations page for the latest corporate overview.
TL;DR: Castrol India has a quiet news cycle with no material headwinds surfacing. The confirmed appointment of a new MD for a five-year term signals leadership continuity. Routine investor engagement activities suggest steady corporate governance. Watch for operational updates or sector-level developments like crude oil price shifts and EV adoption trends that could alter the outlook.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 |
Profit & Loss
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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% | — |
Balance Sheet
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | Jun 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
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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 |
Ratios
| Particulars | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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58 extracted metrics + investor summaries across FY06–FY26.
Documents
Frequently Asked Questions about Castrol
What does Castrol India Ltd do?
Where is Castrol India Ltd (CASTROLIND) listed?
Which sector does Castrol India Ltd belong to?
What is the market capitalisation of Castrol India Ltd?
What is the PE ratio of Castrol India Ltd?
What is the 52-week high and low of Castrol India Ltd?
Does Castrol India Ltd pay dividends?
What is the Return on Equity (ROE) of Castrol India Ltd?
Company Information
Castrol India Ltd is principally engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related services.[1]
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