Castrol India Ltd

About [ edit ]

Castrol is the world leading manufacturer, distributor and marketer of premium lubricating oils, greases and related services to automotive, industrial, marine, aviation, oil exploration and production customers across the world.

  • Market Cap 12,829 Cr.
  • Current Price 130
  • High / Low 154 / 89.6
  • Stock P/E 22.0
  • Book Value 14.3
  • Dividend Yield 2.31 %
  • ROCE 56.8 %
  • ROE 41.9 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 56.51%
  • Company has been maintaining a healthy dividend payout of 76.30%
  • Debtor days have improved from 34.66 to 21.98 days.

Cons

  • Stock is trading at 9.07 times its book value
  • The company has delivered a poor sales growth of -1.90% over past five years.

Peer comparison

Sector: Chemicals Industry: Chemicals

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Quarterly Results

Figures in Rs. Crores

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
927 1,017 927 1,033 976 1,040 849 1,012 688 491 883 935
653 766 700 716 693 755 605 671 515 395 595 678
Operating Profit 274 252 227 317 283 284 244 341 173 95 288 258
OPM % 30% 25% 25% 31% 29% 27% 29% 34% 25% 19% 33% 28%
Other Income 23 17 19 26 21 16 12 16 20 15 12 15
Interest 1 0 -0 0 0 0 0 0 1 1 1 1
Depreciation 14 13 14 15 16 17 19 18 22 21 22 22
Profit before tax 282 256 233 328 288 283 237 339 170 88 278 250
Tax % 36% 36% 35% 35% 36% 36% 21% 20% 26% 26% 26% 25%
Net Profit 182 164 150 212 185 183 188 271 125 65 205 188
EPS in Rs 1.84 1.66 1.52 2.14 1.87 1.85 1.90 2.74 1.27 0.66 2.07 1.90
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Figures in Rs. Crores

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
2,318 2,735 2,993 3,121 3,180 3,392 3,298 3,370 3,584 3,905 3,877 2,997
1,733 2,007 2,314 2,496 2,492 2,675 2,397 2,371 2,551 2,834 2,723 2,183
Operating Profit 585 727 680 625 687 718 901 999 1,033 1,071 1,154 814
OPM % 25% 27% 23% 20% 22% 21% 27% 30% 29% 27% 30% 27%
Other Income 26 37 63 70 106 47 90 87 84 84 64 62
Interest 3 2 2 2 2 2 1 1 1 1 1 4
Depreciation 27 24 25 27 30 36 39 45 46 56 70 87
Profit before tax 581 738 716 666 762 726 951 1,040 1,070 1,098 1,147 785
Tax % 34% 34% 33% 33% 33% 35% 35% 36% 35% 36% 28% 26%
Net Profit 381 490 481 447 509 475 615 670 692 708 827 583
EPS in Rs 3.85 4.96 4.86 4.52 5.14 4.80 6.22 6.78 6.99 7.16 8.36 5.89
Dividend Payout % 81% 76% 77% 116% 68% 78% 72% 81% 100% 70% 66% 93%
Compounded Sales Growth
10 Years:1%
5 Years:-2%
3 Years:-6%
TTM:-23%
Compounded Profit Growth
10 Years:2%
5 Years:-1%
3 Years:-5%
TTM:-30%
Stock Price CAGR
10 Years:2%
5 Years:-7%
3 Years:-14%
1 Year:-12%
Return on Equity
10 Years:70%
5 Years:63%
3 Years:57%
Last Year:42%

Balance Sheet

Figures in Rs. Crores

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
124 247 247 495 495 247 247 247 495 495 495 495
Reserves 371 306 357 155 257 250 328 734 526 671 872 920
Borrowings 0 0 0 0 0 0 0 0 0 0 0 0
681 783 789 830 864 995 1,086 907 957 941 862 979
Total Liabilities 1,176 1,337 1,393 1,480 1,615 1,492 1,662 1,888 1,977 2,107 2,229 2,394
111 120 113 126 143 172 149 147 139 186 200 209
CWIP 26 17 29 31 32 16 36 37 57 35 27 44
Investments 1 0 0 0 0 0 0 0 0 0 0 0
1,038 1,200 1,251 1,322 1,440 1,304 1,476 1,704 1,781 1,886 2,002 2,141
Total Assets 1,176 1,337 1,393 1,480 1,615 1,492 1,662 1,888 1,977 2,107 2,229 2,394

Cash Flows

Figures in Rs. Crores

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
568 510 352 467 396 548 740 664 608 549 879 893
-18 -11 11 1 30 -14 2 -33 151 66 -448 -201
-280 -421 -433 -433 -407 -697 -478 -568 -656 -567 -628 -564
Net Cash Flow 270 79 -69 35 20 -163 264 63 104 48 -196 128

Ratios

Figures in Rs. Crores

Dec 2009 Dec 2010 Dec 2011 Dec 2012 Dec 2013 Dec 2014 Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020
ROCE % 122% 142% 126% 107% 106% 117% 179% 133% 105% 101% 91% 57%
Debtor Days 25 24 27 25 27 29 26 28 29 37 45 22
Inventory Turnover 4.74 6.13 6.23 5.93 5.20 5.25 4.79 4.74 5.04 4.93 4.61 3.77

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00
10.66 9.16 8.59 8.97 11.15 11.71 11.33 12.21 11.83 11.46 11.53 11.99
17.94 18.59 18.64 18.49 17.25 17.17 18.63 17.63 18.34 18.66 18.27 17.30
20.40 21.25 21.77 21.54 20.60 20.12 19.04 19.16 18.83 18.88 19.20 19.71

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