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.

09 Nov 2018

202.74

-0.21%

Castrol India Ltd: Volume Exceeds Our Estimation

Hold: Castrol India Ltd.

Target

Karvy

Volume Exceeds Our Estimation: Castrol sold 51 Mn Lt of lubricant oil during Q3CY18 vs our estimation of 49 Mn Lt.This calendar year the company has exceeded its average volume run rate during all the three quarters.

Castrol India Ltd. is trading above its 30 day SMA of 202.5

Castrol India Ltd.

05 Nov 2018

202.74

-0.21%

Result Review of Castrol India

Buy: Castrol India Ltd.

Target

IDBI Capital

Castrol's Q3CY18 results were in line with our expectations. Net sales grew by 7.6% YoY Rs9,269 mn led by volume growth across categories. Nearly 90% of the volume growth was led by new products which were launched in the past one year. Personal mobility segment continued to be the volume growth driver. However, EBITDA margins contracted 491bps YoY mainly due to rupee depreciation and higher prices of key inputs. EBITDA fell 10.3% YoY to Rs2,274 mn. Further, other income fell 44.1% YoY to...

Castrol India Ltd. is trading below its 50 day SMA of 209.6

Castrol India Ltd.

02 Nov 2018

202.74

-0.21%

EBITDA ahead of est. led by strong volume growth and higher margins

Buy: Castrol India Ltd.

Target

Motilal Oswal

2 November 2018 Castrol Indias net operating income stood at INR9.3b (est. INR9.0b, +8% YoY, - 9% QoQ) led by higher-than-expected volume and utilization. EBITDA came in at INR2.3b (est. PAT stood ahead of estimates at INR1.5b (est. Realization stood at INR181.2/lit v/s INR175.3/lit in 3QCY17 and INR178.

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

Castrol India Ltd.

01 Nov 2018

202.74

-0.21%

Castrol India

Hold: Castrol India Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Castrol India reported its Q3CY18 numbers, which were largely in line with our estimates both on the topline as well as profit front. Revenues increased 7.6% YoY to | 926.9 crore in line with our estimates. Volumes reported growth of 4.2% YoY to 51.2 million litre, largely in line with our estimate of 50.9 million litre However, the quarter witnessed a decline of 7.2% YoY in gross margins at | 88.4/litre and in line with our estimate of | 93.3/litre. On...

Castrol India Ltd. is trading below its 50 day SMA of 209.6

Castrol India Ltd.

13 Aug 2018

202.74

-0.21%

Castrol India Ltd. - Q2CY18 - Volumes to remain healthy, but margin sustainability a challenge

Castrol India Ltd.

Religare

Castrol India Ltd's (CIL) Q2CY18 numbers were above our estimates on the revenue front, while profit growth was in line. Net revenue grew by 16.9% YoY, driven by strong volume growth (up 12% YoY). While EBITDA margins expanded by 68bps YoY (to 24.7%), a sharp contraction of 484bps sequentially, led by change in product mix, high base oil prices and currency depreciation was a disappointment.

Castrol India Ltd. is trading below its 50 day SMA of 209.6

Castrol India Ltd.

02 Aug 2018

202.74

-0.21%

Result Review of Castrol India

Buy: Castrol India Ltd.

Target

IDBI Capital

Castrol's Q2CY18 net sales were in line with our estimates although EBTIDA/net profits were lower by 8%/10%, respectively. Net sales grew 16.9% YoY Rs10,172 mn led by volume growth across categories. While realization was slightly weak (-0.9% QoQ), sales volumes at 57mn ltrs were ahead of our estimates. Out of the last ten quarters, it is commendable that the company has delivered volume growth in nine quarters. Castrol's EBITDA grew 20.1% YoY to Rs2,517 mn. However, EBITDA margin were lower than our estimate and contracted 484bps QoQ to 24.7% on account of higher raw material costs and weak realizations....

Castrol India Ltd. is trading below its 50 day SMA of 209.6

Castrol India Ltd.

02 Aug 2018

202.74

-0.21%

Castrol India

Hold: Castrol India Ltd.

Target

ICICI Securities Limited

ICICI Securities Ltd | Retail Equity Research Castrol India reported its Q2CY18 numbers, which were largely in line with our estimates on the topline front. Revenues increased 17% YoY to | 1017.2 crore in line with our estimates. Volumes grew 12% YoY to 57 million litre, above our estimates of 55 million litre However, the quarter witnessed a decline of 6.5% YoY in gross margins at | 81/litre, below our estimate of | 93.3/litre. On account of...

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

Castrol India Ltd.

02 Aug 2018

202.74

-0.21%

Castrol India Ltd: Long Term Sustenance with Short-term Vola...

Hold: Castrol India Ltd.

Recommendation Target

Karvy

Long Term Sustenance with Short-term Volatility: Castrol reported revenue of Rs. 10172 Mn during Q2CY18 which was in-line withour estimates (Rs. 9915 Mn) because the season augers well for the company due to higher rural demand.

Castrol India Ltd. is trading below its 50 day SMA of 209.6

Castrol India Ltd.

01 Aug 2018

202.74

-0.21%

In-line EBITDA; strong volume growth led by pickup in CV volume

Buy: Castrol India Ltd.

Target

Motilal Oswal

1 August 2018 CSTRLs 2QCY18 revenue grew 17% YoY (and 10% QoQ) to INR10.2b, beating our estimate of INR9.4b, led by (a) higher volumes at 57m liters (+12% YoY, realization despite price hikes can be attributed to shift in product mix. Reported EBITDA of INR2.5b (+20% YoY, -8% QoQ) was in line with our estimate despite beat on revenues, led by higher than expected raw material margin was 24.7% in 2QCY18 (24.1% in 2QCY17; 29.6% in 1QCY18). PAT grew 19% YoY (-10% QoQ) to INR1.6b against our estimate of INR1.7b, YoY, -24% QoQ), and (b) higher tax rate of 36%. CSTRLs total volumes grew 12% YoY, led by double-digit volume growth in the PCMO segment (~41% volume share) and CVO segment (~46% volume share). CVO segment volume grew higher than PCMO segment; the growth was on account of pickup in economic activity.

Castrol India Ltd. is trading above its 30 day SMA of 202.5

Castrol India Ltd.

29 May 2018

202.74

-0.21%

Castrol India Ltd. - Q1CY18 - Weak quarter; focus will be on volume growth going ahead

Buy: Castrol India Ltd.

Target

Religare

Castrol India Ltd's (CIL) Q1CY18 numbers were disappointing and below our estimates. Net revenue & PAT grew marginally by 5.1% & 1.6% YoY respectively, impacted by muted volume growth ( 2.6% YoY). Higher input cost and other expenses resulted in 26bps YoY contraction in EBITDA margins.

Castrol India Ltd. is trading below its 50 day SMA of 209.6

Is Castrol India Ltd. worth buying?

786 Votes:

Buy 80.15%

Sell 10.69%

Hold 9.16%

RESEARCH REPORTS

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