Castrol India Ltd
Castrol India Ltd is principally engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related services.[1]
- Market Cap ₹ 18,855 Cr.
- Current Price ₹ 191
- High / Low ₹ 203 / 170
- Stock P/E 18.4
- Book Value ₹ 19.3
- Dividend Yield 4.59 %
- ROCE 60.3 %
- ROE 45.9 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is providing a good dividend yield of 4.59%.
- 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%
Cons
- Stock is trading at 9.89 times its book value
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Energy Oil, Gas & Consumable Fuels Petroleum Products Lubricants
Part of BSE 500 Nifty 500 Nifty Energy Nifty MNC BSE Energy
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | |
| 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% |
| 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 |
| Profit before tax | 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% | |
| 475 | 615 | 670 | 692 | 708 | 827 | 583 | 758 | 815 | 864 | 927 | 950 | 1,011 | |
| EPS in Rs | 4.80 | 6.22 | 6.78 | 6.99 | 7.16 | 8.36 | 5.89 | 7.66 | 8.24 | 8.74 | 9.37 | 9.60 | 10.22 |
| Dividend Payout % | 78% | 72% | 81% | 100% | 70% | 66% | 93% | 72% | 79% | 86% | 149% | 91% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 14% |
| 3 Years: | 6% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 10% |
| 3 Years: | 6% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | 6% |
| 3 Years: | 12% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | 51% |
| 5 Years: | 45% |
| 3 Years: | 43% |
| Last Year: | 46% |
Balance Sheet
Figures in Rs. Crores
| 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 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7 | 50 | 77 | 82 | 63 | 53 | |
| 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 |
| 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 |
| 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 Flows
Figures in Rs. Crores
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 548 | 740 | 664 | 608 | 549 | 879 | 893 | 630 | 916 | 853 | 1,044 | 1,090 | |
| -14 | 2 | -33 | 151 | 66 | -448 | -201 | -83 | 62 | -251 | -265 | 199 | |
| -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 Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 111% | 119% | 104% | 97% | 89% | 103% | 139% | 85% | 107% | 98% | 106% | 107% |
Ratios
| 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
In beta| Dec 2022 | May 2024 | Mar 2026 | |
|---|---|---|---|
| Castrol Auto Service (CAS) Outlets outlets |
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| Independent Bike Workshops workshops |
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| Lubricant Volume million liters |
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| Multi-brand Car Workshops workshops |
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| Retail Automotive Lubricant Market Share (Nielsen) % |
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| Rural Outlets outlets |
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| Total Retail Outlets outlets |
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| Volume Growth YoY % YoY |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
- Post-earnings call recording for 3Q FY 2026 available on Castrol India website.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Publication is enclosed for unaudited financial results for the quarter and nine months ended 30 September 2026.
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Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
- Castrol India reported Q3 and 9M FY26 results and appointed Price Waterhouse as statutory auditor.
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Board Meeting Outcome for Board Meeting Outcome For Considering And Approving The Unaudited Financial Results Of The Company For The Quarter And Nine Months Ended 30 September 2026 And Appointment Of Statutory Auditors.
- Castrol India reported Q3 and 9M FY26 results; board approved Price Waterhouse as statutory auditor from 2027 AGM.
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Unaudited Financial Results For The Quarter And Nine Months Ended 30 September 2026
- Castrol India approved Q2/Q9M FY26 results and appointed Price Waterhouse as statutory auditor for five years.
Annual reports
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Annual Report 2011
from bse
Concalls
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Oct 2026REC
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Aug 2026Transcript PPT REC
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May 2026PPT
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May 2026Transcript PPT REC
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Feb 2026Transcript
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Nov 2025Transcript
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Aug 2025PPT
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Aug 2025PPT
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Aug 2025Transcript PPT
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May 2025Transcript REC
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Feb 2025Transcript
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Oct 2024Transcript
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024PPT
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Feb 2024Transcript PPT
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Feb 2024PPT
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Feb 2024PPT
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Nov 2023PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript
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May 2023Transcript
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Feb 2023Transcript
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Nov 2022Transcript
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Aug 2022Transcript
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May 2022Transcript
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Feb 2021PPT
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Feb 2018PPT
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Jun 2017PPT
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Feb 2017PPT
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Oct 2016PPT
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Jul 2016PPT
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Jun 2016PPT
Parentage[1] [2]
The company is part of the BP group, a global integrated energy company engaged across oil and gas, fuels and convenience, EV charging, supply and trading, shipping, and energy technology. In Dec 2025, BP announced an agreement to sell a 65% stake in the company to Stonepeak at an enterprise value of approximately US$10 Bn, while retaining a 35% minority stake. The transaction is expected to close by the end of 2026.