Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Sep - Public notice for Loss of Share Certificate(s).
Source: Bse
Castrol India Limited (CASTROLIND)
Small CapEnergy stocks · Small cap · NSE
Castrol India Limited is a leading lubricant company with over 115 years in India, operating 3 plants and a tech center. It boasts ~150K retail outlets and ~43K rural outlets, serving 90+ OEM customers. It is India's most trusted lubricant brand, selling 8 litres every second.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result04 Aug, 09:08 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags15 Aug 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Energy P/E 11.4 (n=18)
Technical timing lens
Trend score and candlestick chart
49NeutralSMA20 +4.7% / mo · MACD − · sector -4.3pp vs Nifty 500 (3M)
Stock trend: 64
Sector RS: 25
Sector 3M: -9.9% vs Nifty 500 -5.6%
Energy FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
CASTROLINDD candles · FIT view+6.3%Latest close ₹196.19 on 2026-10-21
Bar
-0.2%
RSI
53
MACD hist
-0.46
52W pos
78%
2026-10-21O ₹196.50H ₹197.92L ₹194.84C ₹196.19Vol 26.0L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
CASTROLINDNifty EnergyNifty 500
- CASTROLIND
- +6.2%
- Nifty 500
- -6.5%
- Nifty Energy
- -10.4%
- Vs Nifty 500
- +12.7 pp
Chart stats
21 Oct 2026- From 52W high
- -5.3%
- 52W range position
- 70%
- ATR (14)
- 1.8%
- Volume vs 20D
- 0.82x
- Avg traded value
- ₹62.7 Cr
- 20D price channel
- ₹190.1 - ₹203.4
₹207.2
₹170.1 - ₹207.2
₹3.6
Latest completed session
20-session average
17.6% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED64
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +25.0% · PAT +42.6% YoY
Technical
Neutral49
Price trend and sector-relative-strength timing.
Valuation
Legacy model+11.0%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence87
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 100/100Rev +25% YoY · PAT +43% YoY · margin expansion · +21% QoQ · operating leverage
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,871 Cr | +25.0% | +21.1% |
| EBITDA | ₹494 Cr | +41.1% | +50.2% |
| Operating margin | 26.0% | +300 bps | +500 bps |
| PAT | ₹348 Cr | +42.6% | +43.8% |
| PAT margin | 18.6% | +230 bps | +294 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 18.00
- P/B
- 10.21
- EV/EBITDA
- 12.03
- Market Cap
- 19465.00Cr
Profitability
- ROE
- 45.90%
- ROCE
- 60.30%
- ROA
- 27.37%
- Dividend Y
- 4.51%
Growth (CAGR)
- Revenue 5Y
- 14.00%
- EPS 5Y
- 10.00%
- Revenue 3Y
- 6.00%
- EPS 3Y
- 6.00%
Balance Sheet
- Debt/Equity
- 0.03
- Interest Coverage
- 189.25×
- Altman Z
- 9.50
- Book Value
- 19.30
Cash Flow
- FCF Yield
- 6.62%
- FCF Positive Y
- 12/5
- OCF
- 1090.00 Cr
- EPS TTM
- 10.74
Shareholding
- Promoter Hold
- 51.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 82%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 5,722+6.7% vs prev
Net Profit
₹ CrLatest: 950+2.5% vs prev
Return on Equity
%Latest: 50.0+22.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bullish setupTrend is constructive — long-term uptrend intact. RSI 53.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~4.5% over last month) — short-term momentum positive.
- RSI(14) at 53 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 4% off 52W high · 15% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
72
RS percentile
Stage 2 UptrendRecent S2
1M return
+1.4%
3M return
+6.2%
6M return
+6.7%
1Y return
-0.9%
RS 1D
+2
RS 20D
+23
Sector rank
#5
Industry rank
#4
Stage evidence
- Price is 5.5% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +0.8%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
05 Oct 2026
S2 age
12 trading sessions
Sector
neutral
Industry
leading
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 104.46+0.63%
RS vs Nifty 500104
Valuation & peers
U-Score 64 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 64 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · UNDERVALUEDValuation7/30
Growth11/25
Quality20/20
Balance Sheet12/15
Cash Flow9/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
64
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
64/100 · legacy band UNDERVALUED
Positive drivers
- FCF yield is supportive at 6.6%.
- Piotroski is strong at 8/9.
- Fair-value margin of safety is positive at 11.0%.
Main drags
- Valuation is weaker at 7/30; verify the latest quarterly trend.
- Growth is weaker at 11/25; verify the latest quarterly trend.
- Balance sheet is weaker at 12/15; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
18.0
PB
10.2
EV/EBITDA
12.0
ROE
45.9%
ROCE
60.3%
FCF Yield
6.6%
Debt/Equity
0.0
MoS
+11.0%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
64
Previous: 64
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+11.0%
Previous: +10.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
64
64
64
64
64
64
64
64
64
64
64
64
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹68.29
-187.3% MoS
Growth-justified P/E
20.5
Growth-justified Value
₹220.38
+11.0% MoS
PEG
2.14
Comparable companies
Peers
Business-comparable peers in Energy — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
GULFOILLUB
Small
Gulf Oil Lubricants India Limited
Oil & Gas
match 76
68
13.6
24.1%
+54%
UNDERVALUED
VEEDOL
Small
Veedol Corporation Limited
Oil & Gas
match 75
71
10.7
19.5%
+24%
UNDERVALUED
GANDHAR
Small
Gandhar Oil Refinery (India) Limited
Oil & Gas
match 74
51
9.1
10.5%
+31%
FAIR VALUE
GULFPETRO
Small
GP Petroleums Limited
Oil & Gas
match 72
34
7.4
8.4%
-51%
WATCHLIST
ARABIAN
SME
Arabian Petroleum Ltd.
Oil & Gas
match 67
52
10.1
17.6%
+59%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-15T22:23:51.115Z
Management commentary snapshot
Castrol India reported strong 1Q CY26 results with Revenue from Operations up 8.4% YoY, EBITDA up 13.4% YoY, and PAT up 12.8% YoY, driven by over 8% average growth in volume sold.
The company demonstrated robust financial performance in 1Q CY26, with double-digit growth in EBITDA and PAT. Strategic initiatives in distribution expansion, product innovation, and digital engagement are supporting growth, despite the ongoing bp stake sale process.
Growth engines
Rural Market Expansion
Rural India is emerging as a key growth driver for personal mobility, with ~43K rural outlets and ~700 Rural Service Expresses.
Premiumisation in Urban Mobility
Growth in passenger vehicle sales driven by rising SUV adoption and increasing pre-owned car consumption in urban markets.
Industrial Demand Growth
Expansion of India’s manufacturing sector and infrastructure buildout are driving industrial demand growth.
Digital Engagement
Strengthened digital engagement ecosystem, with FastScan (verified mechanic network) growing to 164K.
Capacity and execution
State-of-the-art Technology Centre
Inaugurated a new technology centre at Patalganga in 2024.
Tailwinds
Infrastructure Development
Large-scale investments in roads, construction, and logistics are driving demand in building, construction and fleets segments.
Increasing Personal Mobility
Growth in passenger vehicle sales and two-wheeler sales, with significant untapped household ownership.
Manufacturing Sector Expansion
India’s manufacturing sector is contributing ~25% to GDP, strengthening industrial demand.
Risk radar
Change in Ownership Structure
bp announced sale of ~65% stake in Castrol to Stonepeak; the transaction is underway, and updates will be communicated.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
The investor presentation provides financial data for 1Q CY26 compared to 1Q CY25, 1Q CY24, 1Q CY23, and 1Q CY22, indicating a primary focus on year-over-year performance trends.
Sector KPIs management disclosed
Volume Sold Growth
Average growth in volume sold vs 1Q 2025 was >8%.
Market Share
#1 market share across automotive categories (NielsenIQ, 12 states, Urban, Q1'26).
Retail Distribution Footprint
Expanded national distribution footprint to ~150K outlets, including 43K outlets across 9K villages.
Mechanic Network (FastScan)
Digital engagement ecosystem, FastScan, grew to 164K verified mechanics.
Management forward view
Diversifying for Future Mobility
Focus on Autocare range, services, EV-ready fluids, data centre cooling solutions, and re-refined base oil solutions.
Boosting Industrial Performance
Expanding industrial portfolio to high-growth sectors with localized products and Chemical Management Services.
Network Expansion Target
Best-in-class distribution, now targeting the next 50K outlets.
Leveraging Mechanic Network
7 lakh mechanics to drive trials at scale using our digital stacks.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Distribution Outlets | ~150K outlets (including 43K rural) | Progress towards the target of adding another 50K outlets. |
| FastScan Mechanic Network | 164K verified mechanics | Continued growth and engagement within the digital mechanic network. |
| Volume Sold Growth | >8% in 1Q CY26 vs 1Q CY25 | Sustained volume growth, especially from rural and industrial segments. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
87Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 99th percentile of the scored universe and 95th percentile within Energy. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 21 Oct 2026
management-trust-v1
74 docs text-extracted · 32 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
99th percentile
overall median 67 · Energy: 95th pctile, median 73 · Small: 100th pctile, median 66
Evidence depth
Financial-only
74 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
90
strong · capital discipline
Results
79
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 6.6%.
- ▸12 years of positive FCF.
- ▸Debt/equity is 0.03.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Castrol India Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Sep
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Company Ir
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · Link To The Updated Presentation. 25 Aug - Updated presentation available on Castrol India’s website on 25 August 2026.
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Jul - Castrol India schedules 2Q FY2026 post-earnings call on 5 August 2026, 12:15–1:00 p.m. IST.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Aug - Newspaper publication is enclosed for unaudited financial results for the quarter and half year ended June 30 2026.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5 May
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Management 20 May - Anoop Jindal appointed VP, B2B Sales-OEM & South Asia from 1 June 2026; new head for Customer Excellence pending.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Change in Directorate 28 May - Saugata Basuray appointed Managing Director from 1 June 2026 for five years, subject to approvals.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Jun
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Jun - Newspaper Advertisement regarding transfer of Equity Shares of the Company to IEPF Authority and Second 100 days campaign - "Saksham Niveshak"
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.