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Sells Castrol-branded automotive and industrial lubricants in India as the listed local arm of UK's BP.
Sells Castrol-branded automotive and industrial lubricants in India as the listed local arm of UK's BP.
Sells lubricants under the Castrol brand through distributors to garages, fleets and industrial users, so it earns on repeat oil-change demand tied to the number of vehicles on the road, with industrial lubricants adding steadier orders. Base oil is its main raw material, so crude-linked costs swing margins; it pays a royalty for the brand.
In one line: India's Valvoline, but BP-owned.
Moat: narrow (brand, distribution). Strong Castrol brand recognition and workshop distribution network in India's lubricant market.
Headquarters: Mumbai, India · Founded: 1979 · Employees: 830
Size Castrol India (CASTROLIND.NS) is an India Energy company (Oil Refining/Marketing) with a market value of $2.00B, the 370th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹191.30 on 6 Nov 2026.
Performance Over six months the shares gained 3.1%, against +9.5% for the median peer and 0.0% for the India market (cap-weighted) — 6th lowest of 15 in its peer set.
Growth Revenue grew 17.0% over the last twelve months (peer median +13.9%); the operating margin is 20.3% (peer median 6.2%).
Valuation It trades at 17.9× forward earnings against a peer median of 7.8× (2nd most expensive of 14).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +14%, so the hurdle is -3 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 39.6 points above its cost of capital (13.2% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹65.9B | ₹57.2B | ₹53.6B | ₹50.7B | ₹47.7B |
| Revenue growth | — | +7% | +6% | +6% | — |
| Gross profit | ₹25.9B | ₹23.8B | ₹21.8B | ₹20.1B | ₹18.8B |
| EBITDA | ₹14.5B | ₹13.7B | ₹13.0B | ₹12.2B | ₹11.4B |
| Net income | ₹10.1B | ₹9.50B | ₹9.27B | ₹8.64B | ₹8.15B |
| Free cash flow | n/a | ₹10.5B | ₹10.2B | ₹8.01B | ₹8.50B |
| Capital expenditure | n/a | ₹973M | ₹927M | ₹955M | ₹1.10B |
| Total debt | n/a | ₹628M | ₹820M | ₹770M | ₹500M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Castrol India CASTROLIND.NS | $2.00B | +3% | +17% | 20% | 17.9× | 10.7% |
| Gulf Oil Lubricants India GULFOILLUB.NS | $572M | +8% | +25% | 11% | 11.3× | 6.5% |
| Indian Oil IOC.NS | $21.9B | 0% | +23% | 7% | 20.8× | -2.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CASTROLIND.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.0% | -16.7% | 2nd highest of 15 |
| 6-month return | +3.1% | +9.5% | 6th lowest of 15 |
| Distance from 52-week high | -6.0% | -26.8% | highest of 15 |
| Revenue growth (TTM) | +17.0% | +13.9% | 6th highest of 15 |
| Operating margin | 20.3% | 6.2% | 2nd highest of 15 |
| Forward P/E | 17.9× | 7.8× | 2nd most expensive of 14 |
| Growth the price implies (Req g, 7 yrs) | 10.7% | -11.0% | 2nd most demanding of 11 |
| Growth delivered (Del g) | +13.8% | +14.1% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -3.1 pp | -28.0 pp | 2nd most demanding of 11 |
| ROIC minus cost of capital | +39.6 pp | +9.2 pp | 2nd highest of 15 |
| EV / EBITDA | 13.0× | 4.6× | 2nd most expensive of 11 |
| Net debt / EBITDA | -0.7× | 1.5× | 2nd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Castrol India CASTROLIND.NS | India | $2.00B | +3% | +17% | 20% | 17.9× | 10.7% | +13.8% |
| Chennai Petroleum CHENNPETRO.NS | India | $2.27B | +34% | +31% | 10% | 3.5× | -12.0% | +28.6% |
| Viva Energy VEA.AX | Australia | $3.04B | +19% | -2% | 4% | 7.8× | -15.1% | +18.2% |
| DOF DOFG.OL | Norway | $3.24B | -12% | +22% | 26% | 7.8× | 0.9% | +28.0% |
| Mangalore Refinery & Petrochemicals MRPL.NS | India | $3.26B | +13% | +38% | 6% | 4.6× | -6.0% | +22.9% |
| Icahn Enterprises L.P IEP | United States | $3.38B | -41% | +16% | -7% | 9.5× | n/a | n/a |
| Par Pacific PARR | United States | $3.41B | +6% | +29% | 13% | 3.4× | n/a | n/a |
| Calumet CLMT | United States | $3.48B | +24% | +13% | 1% | 9.1× | 39.0% | +12.8% |
| North Huajin Chemical Industries 000059.SZ | China | $1.10B | -20% | +3% | 1% | 14.1× | -8.0% | +4.6% |
| North Atlantic Energies NAE.PA | France | $1.09B | +30% | -23% | 3% | n/a | n/a | n/a |
| Sinopec Shanghai Petrochemical 0338.HK | Hong Kong | $3.71B | -8% | -6% | -2% | 20.8× | n/a | n/a |
| Cosmo Energy 5021.T | Japan | $3.74B | -10% | 0% | 9% | 7.0× | -18.5% | +3.7% |
| CVR Energy CVI | United States | $3.83B | +14% | +34% | 11% | 5.2× | -17.9% | +12.8% |
| Delek US DK | United States | $3.92B | +39% | +11% | 6% | 3.2× | -10.1% | +8.0% |
| Ampol ALD.AX | Australia | $5.95B | +6% | +15% | 6% | 10.8× | -14.0% | +15.4% |