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Castrol India Ltd

CASTROLIND
NSE
184.64
0.45%
Last Updated:
29 Apr '26, 4:00 PM
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Castrol India Ltd

CASTROLIND
NSE
184.64
0.45%
29 Apr '26, 4:00 PM
Company Overview
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6M
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Quick Ratios

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Mkt Cap
Market Capitalization
18,263Cr
Close
Close Price
184.64
Industry
Industry
Lubricants
PE
Price To Earnings
19.05
PS
Price To Sales
3.12
Revenue
Revenue
5,845Cr
Rev Gr TTM
Revenue Growth TTM
7.01%
PAT Gr TTM
PAT Growth TTM
1.50%
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Quarterly Results

Consolidated
Standalone
Numbers
Percentage
QuarterJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue
RevenueCr
1,3341,1831,2641,3251,3981,2881,3541,4221,4971,3631,4401,545
Growth YoY
Revenue Growth YoY%
7.45.57.52.44.88.97.17.37.15.86.38.7
Expenses
ExpensesCr
1,0249149351,0321,0751,0029781,1151,1471,0401,0721,216
Operating Profit
Operating ProfitCr
310269329294322286376307350323368329
OPM
OPM%
23.222.726.022.223.122.227.821.623.423.725.621.3
Other Income
Other IncomeCr
1920222420212332912-923
Interest Expense
Interest ExpenseCr
122232323222
Depreciation
DepreciationCr
222325242625252527252428
PBT
PBTCr
305264324292314280371313330308332323
Tax
TaxCr
8069827682731007986808881
PAT
PATCr
225194242216232207271233244228245242
Growth YoY
PAT Growth YoY%
9.23.925.16.83.16.712.28.05.19.8-9.83.7
NPM
NPM%
16.916.419.116.316.616.120.116.416.316.717.015.7
EPS
EPS
2.32.02.52.22.42.12.72.42.52.32.52.5

Profit & Loss

Consolidated
Standalone
Numbers
Percentage
Financial YearDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025Mar 2026
Revenue
RevenueCr
3,2983,3703,5843,9053,8772,9974,1924,7745,0755,3655,7225,845
Growth
Revenue Growth%
-2.82.26.38.9-0.7-22.739.913.96.35.76.72.1
Expenses
ExpensesCr
2,4032,3712,5512,8342,7242,1833,1263,6633,8774,0874,3744,475
Operating Profit
Operating ProfitCr
8959991,0331,0711,1538141,0661,1111,1981,2781,3481,369
OPM
OPM%
27.129.628.827.429.727.225.423.323.623.823.623.4
Other Income
Other IncomeCr
968784846562486783894536
Interest Expense
Interest ExpenseCr
111114248999
Depreciation
DepreciationCr
394546567087838192100101104
PBT
PBTCr
9511,0401,0701,0981,1477851,0291,0931,1811,2581,2821,293
Tax
TaxCr
336370378390320202271278317330332334
PAT
PATCr
615670692708827583758815864927950959
Growth
PAT Growth%
29.69.03.22.416.8-29.530.17.56.07.32.50.9
NPM
NPM%
18.719.919.318.121.319.418.117.117.017.316.616.4
EPS
EPS
6.26.87.07.28.45.97.78.28.79.49.69.7

Balance Sheet

Consolidated
Standalone
Numbers
Percentage
Financial YearDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Equity Capital
Equity CapitalCr
247247495495495495495495495495495
Reserves
ReservesCr
3287345266718729201,1511,3911,6271,7841,406
Current Liabilities
Current LiabilitiesCr
1,0718939419258409471,0341,1191,2151,2701,408
Non Current Liabilities
Non Current LiabilitiesCr
1514161621332464838786
Total Liabilities
Total LiabilitiesCr
1,6621,8881,9772,1072,2292,3942,7043,0693,4203,6353,395
Current Assets
Current AssetsCr
1,3331,5441,5721,7271,8351,9442,2442,2342,3242,5632,345
Non Current Assets
Non Current AssetsCr
3283454053803934504608351,0961,0721,050
Total Assets
Total AssetsCr
1,6621,8881,9772,1072,2292,3942,7043,0693,4203,6353,395

Cash Flow

Consolidated
Standalone
Financial YearDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow
Operating Cash FlowCr
7406646095498798936309168531,0441,090
Investing Cash Flow
Investing Cash FlowCr
2-3315166-448-201-8362-251-267199
Financing Cash Flow
Financing Cash FlowCr
-478-568-657-567-628-564-558-608-664-819-1,315
Net Cash Flow
Net Cash FlowCr
2646310448-196128-10370-62-42-26
Free Cash Flow
Free Cash FlowCr
703641574472780869547806761951996
CFO To PAT
CFO To PAT%
120.399.188.177.6106.3153.283.1112.398.7112.6114.8
CFO To EBITDA
CFO To EBITDA%
82.766.559.051.376.3109.759.182.471.281.780.9

Ratios

Consolidated
Standalone
Financial YearDec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Valuation Ratios
Valuation Ratios
Market Cap
Market CapitalizationCr
21,85518,81619,10514,98012,79412,18612,15112,18117,78419,51519,031
Price To Earnings
Price To Earnings
41.628.127.621.115.520.916.014.920.621.120.0
Price To Sales
Price To Sales
6.65.65.33.83.34.12.92.53.53.63.3
Price To Book
Price To Book
38.019.218.712.99.48.67.46.58.48.610.0
EV To EBITDA
EV To EBITDA
23.618.017.713.310.313.410.29.913.914.213.3
Profitability Ratios
Profitability Ratios
GPM
GPM%
51.554.653.551.254.957.850.947.648.049.149.0
OPM
OPM%
27.129.628.827.429.727.225.423.323.623.823.6
NPM
NPM%
18.719.919.318.121.319.418.117.117.017.316.6
ROCE
ROCE%
165.3106.1105.094.384.055.862.456.654.153.765.8
ROE
ROE%
106.968.367.860.860.541.246.143.240.740.750.0
ROA
ROA%
37.035.535.033.637.124.428.026.625.325.528.0
Operational Ratios
Operational Ratios
Solvency Ratios
Solvency Ratios
Liquidity Ratios
Liquidity Ratios
### **Overview** Castrol India Limited, a part of the bp group, has been a cornerstone of India’s lubricants industry for **115 years**. The company operates as a market leader in both **automotive and industrial lubricants**, supported by strong brand recognition, an extensive distribution footprint, and a forward-looking transformation strategy focused on digital integration, sustainability, and diversification into **mobility services and future technologies**. Headquartered in India and publicly listed for over 40 years, Castrol combines its **125-year global technological legacy** with locally developed innovations to serve a rapidly evolving mobility landscape. --- ### **Key Business Segments & Markets** - **Automotive**: Two-wheelers, four-wheelers, commercial vehicles, SUVs, hybrids, and electric vehicles. - **Industrial**: Serves 12 sectors including mining, machinery, wind energy, steel, cement, data centers, aerospace, food processing, and marine. - **Aftermarket & Services**: Vehicle maintenance, fast oil change, digital platforms, and workshop networks. - **B2B & OEM Partnerships**: Strong collaborations with domestic and global OEMs across ICE, hybrid, and EV platforms. --- ### **Core Brands & Product Portfolio** Castrol offers a diverse portfolio of **~600 brand variants across 45 brands**, tailored to different market segments and applications. #### **Consumer Lubricants** - **Castrol Activ**: Mass-market 2-wheeler oil; relaunched in 2025 with Shah Rukh Khan ("Garmi Mein Bhi 3X Protection"), reaching 250M+ consumers. - **POWER1**: Premium synthetic 2-wheeler oil; supplied to Triumph Motorcycles. - **MAGNATEC**: Mass-prestige and premium 4-wheeler oil; upgraded with API SP/ACEA C2/C3 compliance and E20 fuel compatibility; includes variants like 0W-20, 5W-30, 5W-40. - **EDGE**: Super-premium passenger car oil with PowerBoost Technology™ (claimed 30% better performance); targeted at hybrids, SUVs, and European cars. - **CRB Series**: Commercial vehicle oils including: - *CRB TURBOMAX + CK4*: Premium HD truck oil, tested over 100,000 km on OEMs. - *CRB Plus 15W-40*: 1,000-hour engine protection for tractors. - *CRB ESSENTIAL*: Affordable range for rural truck and tractor owners. - **GTX**: Entry-to-mid-tier oils for older engines and diesel vehicles. #### **Industrial & Specialty Products** - **Hysol MB 50 & Hysol 20 XBB**: High-performance metalworking fluids, now **localized in India**. - **Rustilo DW Series** (800, 806, 809, 812): Rust-preventive oils for automotive, tube, bearings, and metal manufacturing. - **Optigear CT 320**: Carbon-neutral gear oil for **wind energy**. - **SPHEEROL Greases**: Non-lithium-based industrial greases. - **Condition Monitoring & Chemical Management Services (CMS)**: Offers end-to-end lifecycle management of industrial chemicals; operational at over 23 customer sites. #### **Auto Care & Non-Lube Expansion** - Launched in 2023, Castrol’s Auto Care range includes: - Throttle Body Cleaner - Fuel Injector & Carburetor Cleaner - Brake Cleaner - 3-in-1 Shiner, Anti-Rust Lubricant, Chain Lube, Microfibre Cloth, and Shiner Sponge - Available via **60,000+ physical outlets and e-commerce platforms**. - Registered **100% volume growth in H1 2025 vs full-year 2024**, with 27,000 units sold in June 2025 alone on e-commerce. --- ### **Distribution & Service Network** Castrol maintains **India’s largest lubricants distribution and service ecosystem**: | **Channel** | **Scale** | |------------|---------| | **Retail Outlets** | >160,000 outlets (urban, semi-urban, rural) | | **Rural Reach** | >36,000 outlets via 850+ sub-distributors | | **Two-Wheeler Service Points** | 32,000+ | | **Multi-Brand Car Workshops** | 11,000+ | | **Castrol Auto Service (CAS) Workshops** | 730+ across 340+ cities | | **Distributors** | 400+ | | **Direct Institutional Accounts** | >5,500 | --- ### **Strategic Initiatives & Transformations** #### **1. Bharat Strategy** - Focus on **semi-urban and rural markets**, where over 50% of two-wheeler sales occur. - Digitized **Rural DMS** (Distributor Management System) to improve operational visibility and scalability. - Affordable product lines (e.g., CRB Essential, Activ Essential) to capture price-sensitive segments. #### **2. Digital & Technology Enablement** - **Fast Scan App**: Engages **1 million+ mechanics**, records 200,000+ transactions/day. - **Castrol CONNECT**: Workshop booking app for customers. - **Castrol DMS & Rural DMS**: Streamline billing, inventory, and claims for distributors. - **Castrol DIGICLAIM**: Digital claims processing system. - **Castrol SMART**: Salesforce automation for field teams. #### **3. Expansion into Mobility & Aftermarket Services** - **Castrol Auto Service (CAS)**: Organized network of branded service centers. - **Castrol Express**: 42+ quick-service oil change outlets at Jio-bp fuel stations for two-wheelers. - Partnerships: - **With Mahindra Insurance Brokers**: CAS workshops act as insurance POSPs (Point of Sale for Insurance). - **With Jio-bp**: Nationwide presence at fuel stations to enhance accessibility. - **With k1 Mobility Solutions (KMS)**: Strategic investment of **₹487.5 crores** (7.09% equity) to co-develop a **digital, B2C-focused service network** via the **myTVS** O2O platform. MyTVS serves 3M+ customers via 1,000+ garages. #### **4. Electrification & Future Mobility** - **Castrol ON**: E-fluids brand for EVs including e-transmission fluids, e-coolants, and e-greases. - Supplies fluids to leading EV OEMs including **Tata Motors, MG Motor, and VinFast**. - **VinFast Partnership**: Joint service standards, diagnostics, and digital support to build EV service ecosystem in India. - Trained **1,000+ mechanics** in EV servicing via ASDC-endorsed program. - Investing in **data center thermal management** (e.g., immersion cooling) via BP’s £50M global R&D center. #### **5. Manufacturing & Localization** - **Three manufacturing plants** located in Patalganga (Maharashtra), Paharpur (Telangana), and Silvassa (Dadra & Nagar Haveli). - **Local production** of Hysol and Rustilo products improves delivery speed and cost efficiency. - New **filling lines added** at Paharpur and Silvassa to support growth. - **Patalganga Technology Centre**: State-of-the-art facility for EV, data center, and industrial R&D. --- ### **Sustainability & Industrial Leadership** - **Recycled Packaging**: Transitioned to **30% post-consumer recycled (PCR) HDPE bottles**, saving 1,800 MT of virgin plastic and 2,600 MT of CO₂/year (100% target by 2030). - **Circular Economy**: Commercial launch of **RRBO-based (Re-Refined Base Oil) engine oils for BS-IV vehicles**. - **Silvassa Plant**: 45% reduction in CO₂ emissions via solar power and rainwater harvesting. - **Eco Product Lines**: Hysol SL, Alusol, Techniclean with extended fluid life and lower environmental impact. --- ### **Leadership & Go-to-Market** - **Saugata Basu**: Head of B2C, driving multi-year transformation and rural outreach. - **Omnichannel GTM Model**: Integrates retail, e-commerce, OEM, and digital platforms. - Major campaigns featuring **Shah Rukh Khan** for Activ and EDGE launched during high-visibility events (IPL, T20 World Cup, Sunburn). --- ### **Competitive Landscape** The Indian lubricants market is fragmented, with competition from: - National Oil Companies (IOCL, BPCL, HPCL) - Global brands (Shell, Mobil) - OEM genuine oils - Local unorganized players Castrol maintains leadership through: - **Brand trust**, innovation, and digital ecosystem - **OEM partnerships** and first-fill supply agreements - **Service-led differentiation** and rural penetration