Castrol India Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for CASTROLIND, BSE:500870 Castrol India Ltd.

Castrol India Ltd.

10 May 2019

202.79

0.09%

Castrol

Buy: Castrol India Ltd.

Keynotes Financial Opiniery

Castrol India limited is one of the leading automotive and industrial lubricant manufacturing and marketing companies in India. The company has a proud heritage of innovation and success since over 100 years in the country. Castrol India is a public limited company with 51% share held by BP through its wholly subsidiary,...

Castrol India Ltd. has an average target of 238.50 from 2 brokers.

Castrol India Ltd.

02 May 2019

202.79

0.09%

Castrol India: Q1CY19 Result Review

Buy: Castrol India Ltd.

Target

IDBI Capital

Outlook and Valuation: Castrol has managed to recover its EBITDA margin to over 29.0% in last two quarters after falling to mid-20s during CY18 indicating its brand power. While its volume de-grew by 2.1% YoY in Q1CY19; it was better than industry performance. Castrol is currently trading at attractive valuations (PE of 17.7x CY20E). Further, dividend yield at 4.4% on our CY19E remains attractive. We continue to value Castrol at 24.0x on its CY20E EPS to derive a target price of Rs198 (previous...

Castrol India Ltd. is trading below all available SMAs

Castrol India Ltd.

02 May 2019

202.79

0.09%

Castrol

Buy: Castrol India Ltd.

Dolat Capital

Volumes lower than estimates, Higher realizations negate increase in input cost; Maintain Accumulate CSTRL's Q1CY19 volumes were marginally below our estimates at 50.4 TKL. Revenue increased 5% YoY and decreased by 5.5% QoQ, due to growth in the personal mobility segment, focus on channels, and new premium products. Gross spreads rose by 2% on a sequential basis. We expect spreads to remain stable/expand going forward, as CIL has already hiked prices in Q1CY19. CSTRL's management is pessimistic about its...

Castrol India Ltd. has an average target of 238.50 from 2 brokers.

Castrol India Ltd.

02 May 2019

202.79

0.09%

Castrol India

Sell: Castrol India Ltd.

ICICI Securities Limited

Margins remain healthy on account of better product mix Castrol's raw material cost (base oil) are dependent on the movement of crude oil prices and rupee against US dollar. During the past few months, the company took two price hikes, which led to an increase in net realisations to | 193.7 crore vs. | 180 per litre YoY. As a result, gross margins increased and came in at | 101.5/litre. However, the recent upward trajectory in crude oil prices will escalate raw material costs. On account of the same and relatively weak product mix, we expect gross margins at | 100.6 per litre...

Castrol India Ltd. is trading below all available SMAs

Castrol India Ltd.

22 Feb 2019, 12:00AM

202.79

0.09%

Castrol India : There's A Rub Ahead

Buy: Castrol India Ltd.

Target

Motilal Oswal

We have been interacting with lubricants experts to cognize the future trends and prospects of the lubricants industry. The ride ahead for players is likely to remain tough owing to intensifying competition and the challenges in oiling the growth wheel over the longer term. We revise our CY20E P/E multiple for CSTRL from 35x to 30x, factoring in the aforementioned challenges.

Castrol India Ltd. has an average target of 238.50 from 2 brokers.

Castrol India Ltd.

07 Feb 2019

202.79

0.09%

Castrol India Ltd: Subdued Growth To Continue

Hold: Castrol India Ltd.

Target

Karvy

Subdued Growth To Continue: Castrol reported sales volume of 54 Mn Lt during Q4CY18 led by higher demandfrom the retail segment. Total volume for the year 2018 came in at 214 Mn Lt which is higher by 4.5% YoY out of which 80% growth came from new product launches.

Castrol India Ltd. has an average target of 238.50 from 2 brokers.

Castrol India Ltd.

01 Feb 2019

202.79

0.09%

Castrol India Q4CY18 Result Review

Buy: Castrol India Ltd.

Target

IDBI Capital

Castrol's Q4CY18 EBITDA margin was a big beat at 30.7% (+618bps QoQ) although volume at 54 mn ltrs was slightly below our estimate. Net sales grew 6.5% YoY Rs10,334 mn (in-line with our forecast) mainly led by higher realization (+7.3% YoY). EBITDA was ahead of our forecast and increased 3.5% YoY to Rs3,174 mn. EBITDA margin improvement was mainly led by price hike and lower base oil price. Even net...

Castrol India Ltd. is trading below all available SMAs

Castrol India Ltd.

01 Feb 2019

202.79

0.09%

Castrol India

Sell: Castrol India Ltd.

Recommendation Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Castrol India reported its Q4CY18 numbers, which were above our estimates on the profit front. Revenues increased 6.5% YoY to | 1033.4 crore in line with our estimates. Volumes fell marginally by 0.7% YoY to 54 million litre below our estimates of 56.3 million litre However, the quarter witnessed an increase of 0.7% YoY in gross margins at | 98.4/litre, above our estimate of | 89.9/litre mainly due to a better product mix. Due to the same and lower other expenses,...

Castrol India Ltd. is trading below all available SMAs

Castrol India Ltd.

31 Jan 2019

202.79

0.09%

Gross margins expand on declining oil prices, higher realizations

Buy: Castrol India Ltd.

Target

Motilal Oswal

31 January 2019 Castrol India reported a 1% decline in its sales volume for 4QCY18 due to the base effect (volume growth of 15.8% in 4QCY17). However, decline in oil prices resulted in gross margin and EBITDA expanding. EBITDA stood at INR3.2b (our estimate INR2.5b, +4% YoY, +26% QoQ). PAT stood at INR2.1b (our estimate INR1.8b, +8% YoY, +21% QoQ). Realization for 4QCY18 stood at INR191.4/lit v/s INR181.2/lit in 3QCY18 and INR178.4/lit in 4QCY17. Higher realization combined with decline in base oil costs resulted in gross margin increasing from INR88.7/lit in 3QCY17 to INR101.

Castrol India Ltd. has an average target of 238.50 from 2 brokers.

Castrol India Ltd.

15 Nov 2018

202.79

0.09%

Castrol India Ltd. - Q3CY18 Result Update - Revenue growth in line

Buy: Castrol India Ltd.

Target

Religare

Castrol India Ltd (CIL) reported in-line revenue growth of 7.6% YoY in Q3CY18, which was both volume and price led. However, the company disappointed on the profit front with 10.3% & 5.8% YoY de-growth in its EBITDA and PAT respectively. Impacted by higher input cost and INR depreciation (vs USD), the EBITDA margins contracted sharply by 491bps YoY to 24.5%.

Castrol India Ltd. has an average target of 238.50 from 2 brokers.

Is Castrol India Ltd. worth buying?

785 Votes:

Buy 80.13%

Sell 10.7%

Hold 9.17%

RESEARCH REPORTS

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