In recent years, Castrol India’s stock price has been a topic of interest for many investors. With the ongoing trend of electric vehicles and the changing landscape of the automotive industry, it has become increasingly important to analyze the future of Castrol India’s share price.
This article aims to provide an in-depth analysis of Castrol India’s share price target for the period 2024 to 2030 and address the question of whether Castrol India is a good auto stock to buy.
Castrol India Q4 CY23 Results: Profit Rises by 25.15% YoY
- Castrol India announced Q4 CY23 results on February 1, 2024
- Revenue increased by 7.49% YoY, reaching ₹1264.04Cr
- Profit rose by 25.15% YoY, totaling ₹241.94Cr
- Sequentially, revenue grew by 6.86%, and profit increased by 24.44%
- Selling, general & administrative expenses rose by 11.59% QoQ and 6.22% YoY
- Operating income surged by 23.75% QoQ and 32.3% YoY
- EPS for Q4 CY23 stood at ₹2.45, up by 25.55% YoY
- Stock performance: 7.39% return in the last week, 34.24% in the last six months, and 5.45% YTD
- Market cap: ₹18748.81 Cr; 52-week high/low: ₹199.4 & ₹107.4
- Analyst sentiment: 2 Hold, 1 Buy, and 2 Strong Buy ratings
- Consensus recommendation: Buy
- Final dividend declared: ₹4.5, with an ex-dividend date on March 21, 2024
Stock history of Castrol India
Castrol India Limited went public in 1993 and was listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of India. Over the years, Castrol India has expanded its operations and established itself as a leading player in the Indian lubricants market. The company’s product portfolio includes a range of automotive and industrial lubricants that cater to a wide range of customer segments.
In recent years, Castrol India’s stock price has been affected by various internal and external factors. The implementation of the Goods and Services Tax (GST) in India in 2017 had a significant impact on the company’s financial performance. However, Castrol India has managed to bounce back and has seen steady growth in its stock price over the last few years.
In 2020, the company’s stock price was impacted by the global COVID-19 pandemic, which resulted in a slowdown in the automotive industry. Despite these challenges, Castrol India has continued to perform well and has remained a popular choice among investors.
The company’s commitment to innovation and its efforts to expand its product portfolio have contributed to its success. With a focus on sustainable growth, Castrol India is well-positioned to continue its journey as a leading player in the Indian lubricants market.
As of 12th April 2024, Castrol India share price is trading at ₹223 with a marketcap of ₹22,102 Cr.
You can buy Castrol India shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| April 2024 | ₹229.90 | ₹199.91 |
| May 2024 | ₹226.50 | ₹196.96 |
| June 2024 | ₹234.66 | ₹204.05 |
| July 2024 | ₹232.31 | ₹202.01 |
| August 2024 | ₹241.60 | ₹210.09 |
| September 2024 | ₹251.27 | ₹218.49 |
| October 2024 | ₹246.34 | ₹214.21 |
| November 2024 | ₹256.19 | ₹222.78 |
| December 2024 | ₹258.76 | ₹225.00 |
In April 2024, Castrol India’s shares are projected to reach a maximum price of ₹229.90 and a minimum price of ₹199.91. As the months progress, both the maximum and minimum prices show a consistent upward trend, indicating potential growth opportunities. By December 2024, Castrol India’s shares are forecasted to peak at a maximum of ₹258.76 and a minimum of ₹225.00, reflecting sustained positive momentum throughout the year.
| When | Maximum Price (₹) | Minimum Price (₹) |
|---|---|---|
| January 2025 | ₹284.63 | ₹218.95 |
| February 2025 | ₹287.51 | ₹221.16 |
| March 2025 | ₹293.54 | ₹225.80 |
| April 2025 | ₹290.64 | ₹223.57 |
| May 2025 | ₹282.17 | ₹217.06 |
| June 2025 | ₹294.87 | ₹226.82 |
| July 2025 | ₹289.09 | ₹222.38 |
| August 2025 | ₹298.03 | ₹229.25 |
| September 2025 | ₹301.61 | ₹232.00 |
| October 2025 | ₹309.45 | ₹238.04 |
| November 2025 | ₹317.18 | ₹243.99 |
| December 2025 | ₹331.46 | ₹254.97 |
As we step into January 2025, Castrol India’s shares are anticipated to attain a maximum price of ₹284.63 and a minimum price of ₹218.95. Progressing through the months, both the maximum and minimum prices are expected to exhibit a consistent upward trend, signaling sustained growth and market optimism. By December 2025, Castrol India’s shares are forecasted to reach a peak of ₹331.46 and a floor of ₹254.97, reflecting the company’s resilience and positive trajectory throughout the year.
| Year | Maximum Price | Minimum Price |
| 2026 | ₹491.31 | ₹133.92 |
| 2027 | ₹562.62 | ₹113.83 |
| 2028 | ₹692.71 | ₹204.90 |
| 2029 | ₹801.27 | ₹420.89 |
| 2030 | ₹969.60 | ₹468.72 |
In 2026, Castrol India’s shares are projected to soar to a maximum price of ₹491.31 and hit a minimum of ₹133.92, showcasing substantial growth potential and market volatility. As we move into 2027, the company’s shares are anticipated to climb even higher, reaching a maximum of ₹562.62 and a minimum of ₹113.83, reflecting continued investor confidence and robust performance. Looking ahead to 2028, Castrol India’s stock is expected to experience further appreciation, with the maximum price forecasted at ₹692.71 and the minimum at ₹204.90, underscoring sustained market optimism and the company’s strong fundamentals. Continuing into 2029, Castrol India’s shares are forecasted to maintain their upward trajectory, with the maximum price expected to reach ₹801.27 and the minimum to be ₹420.89, highlighting the company’s resilience and potential for long-term growth. Finally, in 2030, Castrol India’s shares are projected to witness significant growth, with the maximum price reaching ₹969.60 and the minimum at ₹468.72, reflecting the company’s enduring market leadership and investor confidence.
Financial Condition of Castrol India: Last 5 years
| Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | |
| Sales + | 3,877 | 2,997 | 4,192 | 4,774 | 5,075 |
| Expenses + | 2,723 | 2,183 | 3,125 | 3,663 | 3,877 |
| Operating Profit | 1,154 | 814 | 1,067 | 1,111 | 1,198 |
| OPM % | 30% | 27% | 25% | 23% | 24% |
| Other Income + | 64 | 62 | 47 | 67 | 83 |
| Interest | 1 | 4 | 2 | 4 | 8 |
| Depreciation | 70 | 87 | 83 | 81 | 92 |
| Profit before tax | 1,147 | 785 | 1,029 | 1,093 | 1,181 |
| Tax % | 28% | 26% | 26% | 25% | 27% |
| Net Profit + | 827 | 583 | 758 | 815 | 864 |
| EPS in Rs | 8.36 | 5.89 | 7.66 | 8.24 | 8.74 |
| Dividend Payout % | 66% | 93% | 72% | 79% | 86% |
Over the course of the past half-decade, Castrol India has demonstrated a commendable trajectory in its financial performance. This journey unfolds with an upward trend in sales, steadily ascending from ₹3,877 crores in December 2019 to a robust ₹5,075 crores by December 2023. Despite encountering fluctuations in operational expenses, Castrol India has managed to sustain a healthy operating profit, hovering between ₹1,067 crores to ₹1,198 crores during this period, showcasing resilience amidst market dynamics. Furthermore, the company’s operational efficiency is highlighted by an average operating profit margin (OPM) of approximately 24%, underscoring its adept management of resources. Augmenting its profitability, supplementary income from various sources has consistently contributed positively to the bottom line, fostering a notable rise in profit before tax, which culminated at ₹1,181 crores by December 2023. This robust financial performance is further underscored by the company’s commitment to enhancing shareholder value, as evidenced by the consistent growth in earnings per share (EPS) over the years, which climbed from ₹8.36 in December 2019 to ₹8.74 in December 2023. Moreover, while there have been fluctuations in the dividend payout percentage, Castrol India’s strategic financial management underscores its stability and resilience in navigating market fluctuations, positioning it favorably for sustained growth in the foreseeable future.
FAQS
According to our analysis, it is expected that Castrol India share price will increase to ₹258.76 by the end of 2024.
The share price target of Castrol India for 2025 might be around 331.46. This can be attributed to Castrol India’s rich history of growth and stability, which has helped it establish a strong brand image in the Indian market.
The share price target of Castrol India for 2030 is ₹969.60.
Can Castrol India touch 600 INR?
In the coming years, the share price target of Castrol India is anticipated to reach ₹969.60 by 2030.
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Conclusion
In conclusion, Castrol India Limited emerges as a resilient powerhouse in the automotive industry, underpinned by its consistent financial performance, strategic maneuvers, and enduring market presence. Despite encountering various challenges, including shifts in industry dynamics and external market forces, Castrol India has consistently displayed steadfast growth and stability. With projected share price targets indicating upward trajectories—expected to reach ₹258.76 by the end of 2024, ₹331.46 in 2025, and a substantial ₹969.60 by 2030—alongside its entrenched market position and brand reputation, Castrol India presents an enticing investment prospect for those eyeing sustained growth and stability in the automotive sector.
What did we learn?
