The share price of India’s automotive and industrial lubricant brand rose by 9.5% to hit its 52-week high of ₹208 per share from its previous close of ₹189.80 after announcing its financial result for the December quarter.
Castrol India Ltd has a market capitalization of ₹20,170 crores, the share price of the company rose by 45% in the last six months and 72% in the last year.
According to the exchange filing on Thursday, the company has announced its financial result for the December quarter and the dividend update.
Looking at the company’s financial performance for December month their net revenue rose by 7.4% YoY from ₹1,176 crores to ₹1,264 crores and on a sequential basis their revenue rose by 6.8% from ₹1,183 crores to the current level.
Castrol India Ltd’s net profit rose by 25% YoY from ₹193 crores to ₹242 crores and on a QoQ basis, the net profit of the company rose by 24.7% from ₹194 crores to the current level.
The company recommended a final dividend of ₹4.5 per share, with a record date of March 21, 2024, and payment on or before April 26, 2024, subject to approval. Castrol India Ltd is a debt-free company and their financial metrics like return on equity is 43%, return on capital employed is 57%, and the net profit margin of 17%.
According to the investor presentation in November, the company has a market share of 38% in cars, 27% in bikes, and 19% in trucks and their brand power was 51% out of the total other players in the lubricant players in the market.
The company has optimized its manufacturing footprint and distribution network, with a total installed capacity of 258 million liters. Company new categories like auto care with a premium range of products.
It has also invested in a strong digital backbone, enabling businesses such as Castrol Smart for sales reps, Castrol Fastscan for mechanics, and Castrol Fastlane for indirect customers.
Furthermore, transition to the EV revolution, the company is two-thirds of the world’s major car manufacturers use our electric vehicle fluids. Collaboration between Castrol ON and Jaguar TCS Racing to apply lessons from the racetrack to the road.
Castrol India Limited is a lubricants company. The company’s primary business is to manufacture and market automotive and industrial lubricants, as well as provide related services. Its geographical segments are India and Outside India.
Written by Sriram KV
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
