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Last Updated: April 2, 2026, 2:45 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500870 | NSE: CASTROLIND

Castrol India Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹134.68Overvalued by 23.48%vs CMP ₹176.00

P/E (18.2) × ROE (45.9%) × BV (₹19.20) × DY (4.96%)

₹97.74Overvalued by 44.47%vs CMP ₹176.00
MoS: -80.1% (Negative)Confidence: 70/100 (High)Models: All 10: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹140.9020%Over (-19.9%)
Graham NumberEarnings₹64.4014%Over (-63.4%)
Earnings PowerEarnings₹76.6612%Over (-56.4%)
DCFCash Flow₹127.1512%Over (-27.8%)
Net Asset ValueAssets₹18.366%Over (-89.6%)
EV/EBITDAEnterprise₹145.498%Over (-17.3%)
Dividend DiscountDividends₹77.958%Over (-55.7%)
Earnings YieldEarnings₹96.006%Over (-45.5%)
ROCE CapitalReturns₹98.308%Over (-44.1%)
Revenue MultipleRevenue₹57.745%Over (-67.2%)
Consensus (10 models)₹97.74100%Overvalued
Key Drivers: Wide model spread (₹18–₹145) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 4.6%

*Investments are subject to market risks

Investment Snapshot

69
Castrol India Ltd scores 69/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health92/100 · Strong
ROCE 60.3% ExcellentROE 45.9% ExcellentD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 51.0% Stable
Earnings Quality50/100 · Moderate
OPM stable around 24% Steady
Quarterly Momentum68/100 · Strong
Revenue (4Q): +7% YoY GrowingProfit (4Q): +3% YoY Positive
Industry Rank70/100 · Strong
P/E 18.2 vs industry 13.7 In-lineROCE 60.3% vs industry 23.6% Above peersROE 45.9% vs industry 18.4% Above peers3Y sales CAGR: 6% Slow

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Castrol India Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
0/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 18.2 vs Ind 13.7 | ROCE 60.3% | ROE 45.9% | CFO/NP N/A
Balance Sheet Stress
0/100
Comfortable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 0.00x | IntCov 0.0x | Current 2.17x | Borrow/Reserve 0.06x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹950 Cr | CFO/NP N/A
Ownership Accumulation
-75
Distribution
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII -0.59 pp | DII -0.37 pp | Prom 0.00 pp
Business Momentum
+23
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales +5.6% | Q NP +7.5% | Q OPM +2.0 pp
Derived FieldValueHow it is derived
Valuation Gap %-44.5%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves0.06xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change-0.59 ppLatest FII% minus previous FII%
DII Change-0.37 ppLatest DII% minus previous DII%
Promoter Change0.00 ppLatest promoter% minus previous promoter%
Shareholder Count Change+2,208Latest shareholder count minus previous count
Quarterly Sales Change+5.6%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+7.5%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+2.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:45 am

Market Cap 17,440 Cr.
Current Price 176
Intrinsic Value₹140.90
High / Low 232/170
Stock P/E18.2
Book Value 19.2
Dividend Yield4.96 %
ROCE60.3 %
ROE45.9 %
Face Value 5.00
PEG Ratio3.94

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Castrol India Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Castrol India Ltd 17,440 Cr. 176 232/17018.2 19.24.96 %60.3 %45.9 % 5.00
Gulf Oil Lubricants India Ltd 4,428 Cr. 896 1,332/86412.0 3355.35 %28.3 %25.5 % 2.00
Veedol Corporation Ltd 2,246 Cr. 1,289 2,035/1,23811.6 5614.19 %23.7 %19.8 % 2.00
Savita Oil Technologies Ltd 2,143 Cr. 313 478/28612.0 2551.28 %9.84 %6.10 % 2.00
Gandhar Oil Refinery (India) Ltd 1,219 Cr. 125 184/11511.5 1320.60 %10.6 %6.65 % 2.00
Industry Average4,601.33 Cr415.5713.70206.962.34%23.55%18.39%3.29

All Competitor Stocks of Castrol India Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,1761,2941,3341,1831,2641,3251,3981,2881,3541,4221,4971,3631,440
Expenses 9251,0031,0249149351,0321,0751,0029781,1151,1471,0401,072
Operating Profit 251291310269329294322286376307350323368
OPM % 21%22%23%23%26%22%23%22%28%22%23%24%26%
Other Income 20221920222420212332912-9
Interest 2212223232322
Depreciation 21232223252426252525272524
Profit before tax 248288305264324292314280371313330308332
Tax % 22%30%26%26%25%26%26%26%27%25%26%26%26%
Net Profit 193202225194242216232207271233244228245
EPS in Rs 1.952.052.281.972.452.192.352.102.742.362.472.302.47

Last Updated: February 6, 2026, 9:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 25, 2026, 5:30 am

MetricDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Sales 3,3923,2983,3703,5843,9053,8772,9974,1924,7745,0755,3655,722
Expenses 2,6752,3972,3692,5512,8342,7232,1833,1253,6633,8774,0864,374
Operating Profit 7189011,0011,0331,0711,1548141,0671,1111,1981,2781,348
OPM % 21%27%30%29%27%30%27%25%23%24%24%24%
Other Income 479086848464624767838845
Interest 211111424899
Depreciation 36394546567087838192100101
Profit before tax 7269511,0401,0701,0981,1477851,0291,0931,1811,2581,282
Tax % 35%35%36%35%36%28%26%26%25%27%26%26%
Net Profit 475615670692708827583758815864927950
EPS in Rs 4.806.226.786.997.168.365.897.668.248.749.379.60
Dividend Payout % 78%72%81%100%70%66%93%72%79%86%139%138%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year
YoY Net Profit Growth (%)
Change in YoY Net Profit Growth (%)

No data available for trend analysis.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:7%
3 Years:9%
TTM:8%
Compounded Profit Growth
10 Years:7%
5 Years:2%
3 Years:7%
TTM:8%
Stock Price CAGR
10 Years:-1%
5 Years:11%
3 Years:21%
1 Year:-27%
Return on Equity
10 Years:55%
5 Years:44%
3 Years:43%
Last Year:42%

Last Updated: September 5, 2025, 1:35 am

Balance Sheet

Last Updated: August 11, 2025, 1:47 pm

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Jun 2025
Equity Capital 495247247247495495495495495495495495495
Reserves 2572503287345266718729201,1511,3911,6271,7841,324
Borrowings 00000000750778273
Other Liabilities 8649951,0869079579418629791,0521,1331,2211,2751,380
Total Liabilities 1,6151,4921,6621,8881,9772,1072,2292,3942,7043,0693,4203,6353,272
Fixed Assets 143172149147139186200209201261259319319
CWIP 321636375735274450611086050
Investments 000000000325488488488
Other Assets 1,4401,3041,4761,7041,7811,8862,0022,1412,4532,4222,5652,7692,417
Total Assets 1,6151,4921,6621,8881,9772,1072,2292,3942,7043,0693,4203,6353,272

Reserves and Borrowings Chart

Cash Flow

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Cash from Operating Activity + 5487406646085498798936309168531,0441,090
Cash from Investing Activity + -142-3315166-448-201-8362-251-265199
Cash from Financing Activity + -697-478-568-656-567-628-564-558-608-664-819-1,315
Net Cash Flow -1632646310448-196128-10370-61-40-26
Free Cash Flow 497703641573472780869547806761951996
CFO/OP 111%119%104%97%89%103%139%85%107%98%106%107%

Free Cash Flow

MonthDec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Free Cash Flow718.00901.001.001.001.001.00814.00-6.00-49.00-76.00-81.001.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Debtor Days 272926282937452227273030
Inventory Days 7669698270876410687787470
Days Payable 9610112311813311299157110999894
Cash Conversion Cycle 7-3-28-9-341210-304666
Working Capital Days -17-27-48-18-1655-34-8-8-7-7
ROCE %106%117%179%133%105%101%91%57%67%61%57%55%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
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%
FIIs 11.44%11.41%10.96%10.38%9.51%9.98%10.05%9.52%10.64%10.31%10.27%9.68%
DIIs 16.56%16.52%16.51%15.92%16.37%16.11%15.19%14.46%14.57%14.92%14.95%14.58%
Public 20.99%21.07%21.52%22.70%23.11%22.90%23.77%25.02%23.79%23.75%23.78%24.73%
No. of Shareholders 2,85,7452,89,7763,01,5963,39,5973,77,2343,98,5844,88,0605,06,9925,28,2635,41,9165,27,1995,29,407

Shareholding Pattern Chart

No. of Shareholders

Castrol India Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Nippon India Small Cap Fund 10,072,811 0.28 185.498,949,3222026-02-22 04:40:1412.55%
Quant Small Cap Fund 3,100,714 0.21 57.1N/AN/AN/A
Franklin India Dividend Yield Fund 1,344,876 1.02 24.772,000,0002026-01-26 01:06:04-32.76%
ICICI Prudential Energy Opportunities Fund 1,340,852 0.25 24.69N/AN/AN/A
Tata Ethical Fund 1,171,818 0.57 21.58N/AN/AN/A
NJ Flexi Cap Fund 1,142,245 0.85 21.031,127,4842026-02-23 07:38:111.31%
NJ Balanced Advantage Fund 1,033,469 0.53 19.031,104,3572026-02-22 04:40:14-6.42%
Tata Resources & Energy Fund 1,000,000 1.52 18.42N/AN/AN/A
Aditya Birla Sun Life Dividend Yield Fund 681,813 0.82 12.56N/AN/AN/A
Bank of India Small Cap Fund 628,500 0.63 11.57762,5002025-12-15 00:25:37-17.57%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthDec 24Mar 24Dec 23Dec 22Dec 21
FaceValue 5.005.005.005.005.00
Basic EPS (Rs.) 9.379.378.748.247.66
Diluted EPS (Rs.) 9.379.378.748.247.66
Cash EPS (Rs.) 10.3810.389.679.068.50
Book Value[Excl.RevalReserv]/Share (Rs.) 23.0323.0321.4519.0716.64
Book Value[Incl.RevalReserv]/Share (Rs.) 23.0323.0321.4519.0716.64
Dividend / Share (Rs.) 13.0013.007.506.505.50
Revenue From Operations / Share (Rs.) 54.2454.2451.3048.2742.38
PBDIT / Share (Rs.) 13.8213.8212.9511.9111.27
PBIT / Share (Rs.) 12.8112.8112.0211.0910.43
PBT / Share (Rs.) 12.7112.7111.9411.0510.41
Net Profit / Share (Rs.) 9.379.378.748.247.66
PBDIT Margin (%) 25.4725.4725.2424.6726.58
PBIT Margin (%) 23.6123.6123.4222.9724.61
PBT Margin (%) 23.4423.4423.2722.8824.55
Net Profit Margin (%) 17.2817.2817.0217.0718.08
Return on Networth / Equity (%) 40.6940.6940.7243.2246.07
Return on Capital Employeed (%) 53.5753.5753.9156.2461.78
Return On Assets (%) 25.5025.5025.2626.5628.03
Asset Turnover Ratio (%) 1.520.001.561.651.64
Current Ratio (X) 2.022.021.912.002.17
Quick Ratio (X) 1.601.601.471.521.69
Inventory Turnover Ratio (X) 4.740.004.514.444.38
Dividend Payout Ratio (NP) (%) 85.3485.3474.4072.8071.76
Dividend Payout Ratio (CP) (%) 77.0477.0467.2166.1964.70
Earning Retention Ratio (%) 14.6614.6625.6027.2028.24
Cash Earning Retention Ratio (%) 22.9622.9632.7933.8135.30
Interest Coverage Ratio (X) 145.71145.71170.13293.80462.40
Interest Coverage Ratio (Post Tax) (X) 99.8599.85115.76204.28315.56
Enterprise Value (Cr.) 18116.3716998.6616584.5910963.3010851.13
EV / Net Operating Revenue (X) 3.383.173.272.302.59
EV / EBITDA (X) 13.2512.4412.959.319.74
MarketCap / Net Operating Revenue (X) 3.643.433.502.552.90
Retention Ratios (%) 14.6514.6525.5927.1928.23
Price / BV (X) 8.578.078.386.467.38
Price / Net Operating Revenue (X) 3.643.433.502.552.90
EarningsYield 0.040.050.040.060.06

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Castrol India Ltd. is a Public Limited Listed company incorporated on 31/05/1979 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L23200MH1979PLC021359 and registration number is 021359. Currently Company is involved in the business activities of Production of liquid and gaseous fuels, illuminating oils, lubricating oils or greases or other products from crude petroleum or bituminous minerals. Company's Total Operating Revenue is Rs. 5721.50 Cr. and Equity Capital is Rs. 494.56 Cr. for the Year ended 31/12/2025.
INDUSTRYADDRESSCONTACT
LubricantsTechnopolis Knowledge Park, Mahakali Caves Road, Mumbai Maharashtra 400093Contact not found
Management
NamePosition Held
Mr. Rakesh MakhijaChairman & Ind.Director
Mr. Saugata BasurayWholeTime Director & Interim CEO
Ms. Mrinalini SrinivasanWholeTime Director & CFO
Ms. Sangeeta TalwarIndependent Director
Ms. Satyavati BereraIndependent Director
Mr. Kartikeya DubeNominee Director
Ms. Nisha TrivediNominee Director

FAQ

What is the intrinsic value of Castrol India Ltd and is it undervalued?

As of 04 April 2026, Castrol India Ltd's intrinsic value is ₹97.74, which is 44.47% lower than the current market price of ₹176.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (45.9 %), book value (₹19.2), dividend yield (4.96 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Castrol India Ltd?

Castrol India Ltd is trading at ₹176.00 as of 04 April 2026, with a FY2026-2027 high of ₹232 and low of ₹170. The stock is currently near its 52-week low. Market cap stands at ₹17,440 Cr..

How does Castrol India Ltd's P/E ratio compare to its industry?

Castrol India Ltd has a P/E ratio of 18.2, which is above the industry average of 13.70. The premium over industry average may reflect growth expectations or speculative interest.

Is Castrol India Ltd financially healthy?

Key indicators for Castrol India Ltd: ROCE of 60.3 % indicates efficient capital utilization; ROE of 45.9 % shows strong shareholder returns. Dividend yield is 4.96 %.

Is Castrol India Ltd profitable and how is the profit trend?

Castrol India Ltd reported a net profit of ₹950 Cr in Dec 2025 on revenue of ₹5,722 Cr. Compared to ₹815 Cr in Dec 2022, the net profit shows an improving trend.

Does Castrol India Ltd pay dividends?

Castrol India Ltd has a dividend yield of 4.96 % at the current price of ₹176.00. This is a relatively attractive yield for income-seeking investors.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Castrol India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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