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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Castrol India Ltd

About the Company - Castrol India Ltd

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. 4192.06 Cr. and Equity Capital is Rs. 494.56 Cr. for the Year ended 31/12/2021.
INDUSTRYADDRESSCONTACT
LubricantsTechnopolis Knowledge Park, Mahakali Caves Road, Mumbai Maharashtra 400093investorrelations.india@castrol.com
http://www.castrol.co.in
Management
NamePosition Held
Mr. R GopalakrishnanChairman & Ind.Director
Mr. Sandeep SangwanManaging Director
Mr. Deepesh BaxiWholeTime Director & CFO
Mr. Mayank PandeyWhole Time Director
Mr. Saugata BasurayWhole Time Director
Ms. Sangeeta TalwarIndependent Director
Mr. Rakesh MakhijaIndependent Director
Mr. Uday KhannaIndependent Director
Mr. Sashi MukundanNominee Director
Mr. Udayan SenNominee Director
Ms. Nicola BuckNominee Director

Basic Stock Data of Castrol India Ltd

Last Updated: May 13, 2024, 3:02 pm

Market Cap 18,739 Cr.
Current Price 189
High / Low230/112
Stock P/E21.4
Book Value 21.4
Dividend Yield3.96 %
ROCE56.7 %
ROE42.5 %
Face Value 5.00
PEG Ratio-80.89

Castrol India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales9351,1398901,0731,0911,2361,2421,1211,1761,2941,3341,1831,264
Expenses6787996928118259189568649251,0031,024914935
Operating Profit258340198262266317286257251291310269329
OPM %28%30%22%24%24%26%23%23%21%22%23%23%26%
Other Income1514138121514192022192022
Interest1111110122122
Depreciation22222020212020212123222325
Profit before tax250332190250257311280254248288305264324
Tax %25%27%26%26%27%27%26%26%22%30%26%26%25%
Net Profit188244140186189228206187193202225194242
EPS in Rs1.902.461.421.881.912.312.091.891.952.052.281.972.45

Last Updated: May 7, 2024, 10:19 pm

Castrol India Ltd Quarterly Chart

Castrol India Ltd Profit & Loss

MonthDec 2011Dec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022TTM
Sales2,9933,1213,1803,3923,2983,3703,5843,9053,8772,9974,1924,7744,987
Expenses2,3142,4962,4922,6752,3972,3692,5512,8342,7232,1833,1253,6633,867
Operating Profit6806256887189011,0011,0331,0711,1548141,0671,1111,119
OPM %23%20%22%21%27%30%29%27%30%27%25%23%22%
Other Income637010647908684846462476781
Interest2222111114247
Depreciation25273036394546567087838188
Profit before tax7166667627269511,0401,0701,0981,1477851,0291,0931,105
Tax %33%33%33%35%35%36%35%36%28%26%26%25%
Net Profit481447509475615670692708827583758815816
EPS in Rs4.864.525.144.806.226.786.997.168.365.897.668.248.25
Dividend Payout %77%116%68%78%72%81%100%70%66%93%72%79%

Castrol India Ltd Profit & Loss Yearly Chart

Castrol India Ltd Growth

Compounded Sales Growth
10 Years:5%
5 Years:5%
3 Years:19%
TTM:6%
Compounded Profit Growth
10 Years:6%
5 Years:4%
3 Years:14%
TTM:11%
Stock Price CAGR
10 Years:3%
5 Years:6%
3 Years:13%
1 Year:70%
Return on Equity
10 Years:58%
5 Years:48%
3 Years:46%
Last Year:43%

Last Updated: May 13, 2024, 3:02 pm

Castrol India Ltd Balance Sheet

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Equity Capital495495247247247495495495495495495495
Reserves1552572503287345266718729201,1511,3911,627
Borrowings00000000075077
Other Liabilities8308649951,0869079579418629791,0521,1331,221
Total Liabilities1,4801,6151,4921,6621,8881,9772,1072,2292,3942,7043,0693,420
Fixed Assets126143172149147139186200209201261259
CWIP3132163637573527445061108
Investments0000000000325488
Other Assets1,3221,4401,3041,4761,7041,7811,8862,0022,1412,4532,4222,565
Total Assets1,4801,6151,4921,6621,8881,9772,1072,2292,3942,7043,0693,420

Castrol India Ltd Reserves and Borrowings Chart

Castrol India Ltd Cash Flow

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Cash from Operating Activity 467396548740664608549879893630916853
Cash from Investing Activity 130-142-3315166-448-201-8362-251
Cash from Financing Activity -433-407-697-478-568-656-567-628-564-558-608-664
Net Cash Flow3520-1632646310448-196128-10370-62

Castrol India Ltd Financial Efficiency Indicators

MonthDec 2012Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023
Debtor Days252729262829374522272730
Inventory Days6376696982708764106877874
Days Payable8796101123118133112991571109998
Cash Conversion Cycle17-3-28-9-341210-30466
Working Capital Days-26-17-27-48-18-1655-34-7-7-5
ROCE %107%106%117%179%133%105%101%91%57%67%61%57%

Castrol India Ltd Financial Efficiency Indicators Chart

Castrol India Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%
FIIs12.03%12.19%12.15%11.11%10.65%10.84%11.39%11.44%11.41%10.96%10.38%9.51%
DIIs16.52%16.47%16.35%15.99%16.25%16.11%16.57%16.56%16.52%16.51%15.92%16.37%
Public20.45%20.34%20.50%21.90%22.10%22.05%21.04%20.99%21.07%21.52%22.70%23.11%
No. of Shareholders2,48,4892,55,1792,60,4272,96,5433,05,2652,98,4202,80,4842,85,7452,89,7763,01,5963,39,5973,77,234

Castrol India Ltd Shareholding Pattern Chart

No. of Castrol India Ltd Shareholders

Castrol India Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Aditya Birla Sun Life Flexi Cap Fund86635500.69117.95
Nippon India Small Cap Fund74820000.27101.87
HSBC Midcap Fund29761780.5140.52
Templeton India Equity Income Fund27000002.3236.76
Templeton India Value Fund15000001.520.42
Aditya Birla Sun Life Dividend Yield Fund6818130.929.28
NJ Balanced Advantage Fund5162360.27.03
Axis Quant Fund4088480.65.57
Nippon India Nifty Smallcap 250 Index Fund2929360.553.99
Motilal Oswal Nifty Smallcap 250 Index Fund1839180.552.5

Castrol India Ltd ROCE Trend

Castrol India Ltd EPS Trend

Castrol India Ltd Key Financial Ratios

MonthDec 22Dec 21Dec 20Dec 19Dec 18
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)8.247.665.898.367.16
Diluted EPS (Rs.)8.247.665.898.367.16
Cash EPS (Rs.)9.068.506.779.077.72
Book Value[Excl.RevalReserv]/Share (Rs.)19.0716.6414.3013.8211.78
Book Value[Incl.RevalReserv]/Share (Rs.)19.0716.6414.3013.8211.78
Dividend / Share (Rs.)6.505.505.505.505.00
Revenue From Operations / Share (Rs.)48.2742.3830.3039.1939.47
PBDIT / Share (Rs.)11.9111.278.8612.3111.68
PBIT / Share (Rs.)11.0910.437.9811.6111.12
PBT / Share (Rs.)11.0510.417.9411.6011.11
Net Profit / Share (Rs.)8.247.665.898.367.16
PBDIT Margin (%)24.6726.5829.2331.4129.58
PBIT Margin (%)22.9724.6126.3429.6128.15
PBT Margin (%)22.8824.5526.2029.5828.13
Net Profit Margin (%)17.0718.0819.4521.3418.14
Return on Networth / Equity (%)43.2246.0741.2160.5260.76
Return on Capital Employeed (%)56.2461.7854.5682.6993.05
Return On Assets (%)26.5628.0324.3537.1233.62
Asset Turnover Ratio (%)1.651.641.301.791.91
Current Ratio (X)2.002.172.052.181.87
Quick Ratio (X)1.521.691.671.821.37
Inventory Turnover Ratio (X)4.444.383.503.914.53
Dividend Payout Ratio (NP) (%)72.8071.7693.3265.7566.32
Dividend Payout Ratio (CP) (%)66.1964.7081.2460.6461.50
Earning Retention Ratio (%)27.2028.246.6834.2533.68
Cash Earning Retention Ratio (%)33.8135.3018.7639.3638.50
Interest Coverage Ratio (X)293.80462.40210.611023.391059.71
Interest Coverage Ratio (Post Tax) (X)204.28315.56141.13696.27650.87
Enterprise Value (Cr.)10963.3010851.1310911.7711848.2714236.37
EV / Net Operating Revenue (X)2.302.593.643.063.65
EV / EBITDA (X)9.319.7412.459.7312.32
MarketCap / Net Operating Revenue (X)2.552.904.073.303.84
Retention Ratios (%)27.1928.236.6734.2433.67
Price / BV (X)6.467.388.629.3612.85
Price / Net Operating Revenue (X)2.552.904.073.303.84
EarningsYield0.060.060.040.060.04

Castrol India Ltd Profitability Ratios (%)

Castrol India Ltd Liquidity Ratios

Castrol India Ltd Liquidity Ratios (%)

Castrol India Ltd Interest Coverage Ratios (%)

Castrol India Ltd Valuation Ratios

Fair Value

Fair Value: ₹202.34

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 7.06% compared to the current price ₹189

Intrinsic Value: ₹201.81

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 6.78% compared to the current price ₹189

Last 5 Year EPS CAGR: -0.26%

*Investments are subject to market risks

Strength and Weakness of Castrol India Ltd Stock

StrengthWeakness
  1. The stock has a high average ROCE of 98.42%, which is a positive sign.
  2. The stock has a low average Working Capital Days of -16.25, which is a positive sign.
  3. The stock has a low average Cash Conversion Cycle of -4.83, which is a positive sign.
  4. The company has higher reserves (740.17 cr) compared to borrowings (11.17 cr), indicating strong financial stability.
  5. The company has shown consistent growth in sales (3.08 cr) and profit (354.85 cr) over the years.

    FAQ

    What is the latest fair value of Castrol India Ltd?

    The latest fair value of Castrol India Ltd is ₹202.34.

    What is the Market Cap of Castrol India Ltd?

    The Market Cap of Castrol India Ltd is 18,739 Cr..

    What is the current Stock Price of Castrol India Ltd as on 18 May 2024?

    The current stock price of Castrol India Ltd as on 18 May 2024 is 189.

    What is the High / Low of Castrol India Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Castrol India Ltd stocks is ₹230/112.

    What is the Stock P/E of Castrol India Ltd?

    The Stock P/E of Castrol India Ltd is 21.4.

    What is the Book Value of Castrol India Ltd?

    The Book Value of Castrol India Ltd is 21.4.

    What is the Dividend Yield of Castrol India Ltd?

    The Dividend Yield of Castrol India Ltd is 3.96 %.

    What is the ROCE of Castrol India Ltd?

    The ROCE of Castrol India Ltd is 56.7 %.

    What is the ROE of Castrol India Ltd?

    The ROE of Castrol India Ltd is 42.5 %.

    What is the Face Value of Castrol India Ltd?

    The Face Value of Castrol India Ltd is 5.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    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