Castrol India Limited (CASTROLIND)

Small Cap

Energy 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.

₹196.19

-0.60 · -0.30%

Market cap ₹19,465 Cr

IndicesNifty 500

Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm IST

Details

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

49Neutral

SMA20 +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

Compare peers →

Technical chart

CASTROLINDD candles · FIT view+6.3%

Latest close ₹196.19 on 2026-10-21

Bar

-0.2%

RSI

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

Quarter ended 30 Jun 2026

Excellent · 100

Rev +25% YoY · PAT +43% YoY · margin expansion · +21% QoQ · operating leverage

Revenue: ₹1,871 Cr; YoY +25.0%
PAT: ₹348 Cr; YoY +42.6%
Operating margin: 26.0%; QoQ +500 bps
PAT margin: 18.6%; QoQ +294 bps

Filed 04 Aug 2026Full result & history →

Current-quarter concall

Transcript not linked yet

No source-linked earnings-call transcript is available for this company in the active results quarter.

Search Concall Intelligence

Technical snapshot

Positioning and participation

Stage 2 Uptrend

Current trend context ranked against the Nifty 500. It describes the chart; it is not a buy or sell signal.

RS percentile: 72; +23 ranks over 20D
Stage 2 entry: 05 Oct 2026; 12 trading sessions · recent
Sector rotation: #5; neutral · 16 stocks
Industry rotation: #4; leading · 5 stocks

Trend structure

Below 20-DMAAbove 50-DMAAbove 200-DMA

RSI (14)

Neutral momentum

MACD

Below signal

Histogram -0.46

Volume participation

0.8x average

Versus 20-session average

20-session position

46% of range

₹190.1 low · ₹203.4 high

Relative performance

vs Nifty 500

1M: +5.9 pp; stock +1.4%
3M: +12.7 pp; stock +6.2%
6M: +12.8 pp; stock +7.6%
1Y: +6.0 pp; stock -1.9%

From 52W high

-3.5%

High ₹203.4

52W range position

78%

₹170.1 - ₹203.4

ATR (14)

1.8%

₹3.58

Avg traded value

₹62.7 Cr

20-session average

Current setup

Recent Stage 2

Entered 05 Oct 2026 · 12 sessions

Open detailed technicals →

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 · UNDERVALUED

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Financials

Fundamentals, quarterly history, margins, returns and balance-sheet evidence

Quarter ended 30 Jun 2026

Excellent · 100/100

Rev +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 21/10/2026

Revenue

₹ Cr

Latest: 1,871+21.1% vs prev

Net Profit

₹ Cr

Latest: 348+43.8% vs prev

ROE is shown only in the Annual view — quarterly equity data isn't published.

Technicals

Trend interpretation, Stage 2, relative strength, volume and indicator evidence

Daily technical trend read

Bullish setup

Trend 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

RS percentile

Stage 2 UptrendRecent S2

1M return

+1.4%

3M return

+6.2%

6M return

+6.7%

1Y return

-0.9%

RS 1D

RS 20D

+23

Sector rank

Industry rank

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

Premium Compounder

Fundamental score breakdown

U band · UNDERVALUED

Valuation7/30

Growth11/25

Quality20/20

Balance Sheet12/15

Cash Flow9/10

Piotroski

8/9 (+5)

Penalties

Raw sum

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.

Blended relative

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.

18.0

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

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

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.

Compare all ↗

Ticker

Name

Why peer

Score

ROE

MoS

Verdict

GULFOILLUB

Small

Gulf Oil Lubricants India Limited

Veedol Corporation Limited

Gandhar Oil Refinery (India) Limited

GP Petroleums Limited

Arabian Petroleum Ltd.

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 confidence

What 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

strong · holding, pledge, alignment

Cash flow

strong · profit to cash conversion

Balance sheet

strong · leverage and solvency

Discipline

strong · capital discipline

Results

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.

Compare Energy stocks Browse Indian stocks starting with C Explore fundamental stock screeners Browse Indian investment themes

Related companies

Gulf Oil Lubricants India Limited (GULFOILLUB)Veedol Corporation Limited (VEEDOL)Gandhar Oil Refinery (India) Limited (GANDHAR)GP Petroleums Limited (GULFPETRO)Arabian Petroleum Ltd. (ARABIAN)

Important announcements & filings

Latest exchange and company disclosures found within the past two years.

Source: Bse

Open source ↗

Verify on:NSE India ↗

All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.

Castrol India Limited (CASTROLIND)

Trend score and candlestick chart

Technical chart

Relative performance and chart statistics

What the evidence says now

Financials

Quarter ended 30 Jun 2026

Fundamentals

Valuation

Profitability

Growth (CAGR)

Balance Sheet

Cash Flow

Shareholding

Revenue

Net Profit

Technicals

Daily technical trend read

Relative Strength & Trend Stage

Valuation & peers

Fundamental score breakdown

Why this score?

Positive drivers

Main drags

Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks

Stored run vs live recompute

Score history

Factor attribution

Modelled fair value

Comparable companies

Business, management & trust

Where growth can come from, and what can break the case

Rural Market Expansion

Premiumisation in Urban Mobility

Industrial Demand Growth

Digital Engagement

State-of-the-art Technology Centre

Infrastructure Development

Increasing Personal Mobility

Manufacturing Sector Expansion

Change in Ownership Structure

What management said, and what results must prove

Volume Sold Growth

Market Share

Retail Distribution Footprint

Mechanic Network (FastScan)

Diversifying for Future Mobility

Boosting Industrial Performance

Network Expansion Target

Leveraging Mechanic Network

Numbers and claims to verify in the next filings

How to read this Trust Score

Forensic breakdown

Trust positives

Trust risks

Continue researching Castrol India Limited

Important announcements & filings

Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Sep - Public notice for Loss of Share Certificate(s).

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 11 Sep

Aug 2026 · PPT

Aug 2026 · Transcript

Aug 2026 · Link To The Updated Presentation. 25 Aug - Updated presentation available on Castrol India’s website on 25 August 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.

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.

Jun 2026 · Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 5 May

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.

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.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Jun

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"