Castrol India Limited is a well-known brand in the automotive industry and a subsidiary of BP plc. With a strong presence in the Indian market, the company has been a major player in the lubricants segment.
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 2023 to 2030 and address the question of whether Castrol India is a good auto stock to buy.
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.
Currently, the stocks of Castrol India are trading at Rs. 119.15.
Latest news about Castrol India
➤ Castrol India is buying a 7.09 percent stake in TVS Automobile Solutions’ digital wing.
➤ Sandeep Sangwan, the Managing Director of Castrol India, recently had a conversation with Zee Business.
How to buy Castrol India shares?
You can buy Castrol India shares from the following trading platforms:
Share Price Prediction of Castrol India: 2023 to 2030
Castrol India Share Price Target 2023
|When||Maximum Price||Minimum Price|
The maximum share price for Castrol shares in 2023 is expected to reach ₹160.93 in December 2023 while the minimum price is expected to be ₹63.44 in May 2023.
The overall growth percentage for the year 2023 is expected to be positive, with a bullish outlook and an uptrend in the stock price. From February to August, the share price is expected to witness a consistent upward trend, reaching a high of ₹130.63 in August.
In September, the share price is expected to continue its upward trajectory and reach ₹137.16. The last quarter of 2023 is expected to be particularly strong, with the share price reaching ₹160.93 in December. Overall, the share price of Castrol India is expected to perform well in 2023 and provide good returns for investors.
Castrol India Share Price Target 2024
|When||Maximum Price||Minimum Price|
The maximum share price for Castrol in 2024 is expected to reach ₹225.31 in December 2024 while the minimum price is expected to be ₹116.76 in May 2024.
The first quarter of 2024 is expected to be particularly strong, with the share price reaching ₹200.36 in March.
From April to June, the share price is expected to witness a dip, but is expected to bounce back in the latter half of the year. From July to September, the share price is expected to grow steadily, reaching ₹178.82 in September. The last quarter of 2024 is expected to be particularly strong, with the share price reaching ₹225.31 in December.
Castrol India Share Price Target 2025
|When||Maximum Price||Minimum Price|
Looking at the share price prediction of Castrol India for the year 2025, the maximum price is expected to reach ₹273.30 in December 2025 while the minimum price is expected to be ₹158.60 in May 2025.
The first quarter of 2025 is expected to be particularly strong, with the share price reaching ₹254.01 in March. From April to June, the share price is expected to witness a dip, but is expected to bounce back in the latter half of the year.
From July to September, the share price is expected to grow steadily, reaching ₹236.24 in September. The last quarter of 2025 is expected to be particularly strong, with the share price reaching ₹273.30 in December.
Therefore, it is predicted that Castrol India’s stock value will be profitable for shareholders by the year 2025.
Castrol India Share Price Prediction 2026-2030
|Year||Maximum Price||Minimum Price|
Over the coming years, Castrol India’s share price is expected to see significant fluctuations. The maximum price for 2026 is predicted to be ₹191.31, with a minimum price of ₹133.92, indicating a bullish trend.
In 2027, the maximum price is expected to be ₹162.62 with a minimum of ₹113.83, showing a slight downturn compared to the previous year. However, the share price is expected to see a significant growth in the year 2028 with a maximum price of ₹292.71 and a minimum of ₹204.90.
The growth trend is expected to continue in the year 2029 with a maximum price of ₹601.27 and a minimum of ₹420.89. Finally, in the year 2030, the maximum price is predicted to be ₹669.60 with a minimum of ₹468.72.
Overall, the data suggests an overall uptrend in Castrol India’s share price from 2026 to 2030.
Financial Condition of Castrol India: Last 5 years
|Profit before tax||1,070.07||1,098.42||1,146.91||785.36||1,029.28|
|Price to earning||27.62||21.12||15.46||20.88||16.02|
The financial performance of Castrol India over the last five years has shown a mix of growth and fluctuations. The company’s revenue has grown by approximately 16.87% from ₹3,584.32 crore in Dec-17 to ₹4,192.06 crore in Dec-21.
The operating profit has also grown from ₹1,033.12 crore in Dec-17 to ₹1,066.90 crore in Dec-21 with a growth rate of 3.26%. However, the company has faced challenges in the form of increased expenses, depreciation, and interest which has affected the net profit growth.
The net profit for the company has increased from ₹691.81 crore in Dec-17 to ₹758.09 crore in Dec-21, which is a growth of 9.89%.
The EPS for the company has also seen a growth of 9.56% over the five years, from 6.99 in Dec-17 to 7.66 in Dec-21. The Price to Earning (P/E) ratio has varied between a maximum of 27.62 in Dec-17 to a minimum of 15.46 in Dec-19.
The company has maintained a dividend payout rate between 65.75% and 100.08% over the five years with a decrease in payout from 100.08% in Dec-17 to 71.76% in Dec-21. The operating profit margin (OPM) for the company has fluctuated between 28.82% and 25.45% over the five years with a decrease in OPM from 28.82% in Dec-17 to 25.45% in Dec-21.
Overall, the financial performance of Castrol India has shown growth in revenue and operating profit but a fluctuating net profit, EPS, and P/E ratio, and a decrease in the dividend payout and operating profit margin.
Castrol India share price target by Experts
Castrol India share price target by Motilal Oswal
Motilal Oswal is recommending investors to purchase CASTROLIND stocks, with a target price of Rs 140.
Will the share price of Castrol India increase in 2023?
According to our analysis, it is expected that Castrol India share price will increase to ₹160.93 by the end of 2023.
What is the share price target of Castrol India for 2025?
The share price target of Castrol India for 2025 might be around ₹273.30. 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.
What is the share price target of Castrol India for 2030?
The share price target of Castrol India for 2030 is Rs. 669.60.
Can Castrol India touch 600 INR?
According to our data, Cipla is going to continue it’s upward trend in the coming years and it can reach Rs. 600 by the end of 2030.
- What are the New Ways to Invest in Real Estate in 2023?
- Berger Paints India Ltd Stock Price Target: 2023, 2024, 2025 to 2030.
- Rainbow Children’s Medicare Share Price Target 2023, 2024, 2025: 2532 INR by 2030!
In conclusion, Castrol India has shown a promising trend in its financial performance in the last five years, with an increase in net profit, revenue growth, and PAT. The company’s focus on expanding its operations and improving its performance has led to a steady increase in its share price.
The data suggests that Castrol India’s share price target for 2023 to 2030 has a potential for growth, with the highest price being estimated at ₹669.60 in 2030. The company’s consistent performance and positive outlook make it a good option for investment.
However, as with all investments, it is advisable to conduct a thorough analysis of the company’s financial performance, market conditions, and other relevant factors before making a decision.