Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 12937.72 Crore) operating in Petrochemicals sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone sales of Rs 935.20 Crore, up 5.90 % from last quarter Sales of Rs 883.10 Crore and down -7.57 % from last year same quarter Sales of Rs 1011.80 Crore Company reported net profit after tax of Rs 187.70 Crore in latest quarter.
Investment Rationale
The focus on personal mobility and on balancing its CV portfolio in terms of pricing should benefit the company with revenue growth over the long term. Given a better demand environment, the brokerage estimates a 12% CAGR over CY20–22. It retains ‘BUY’ with a revised TP of INR148 (earlier INR139), valuing it at 20x Jun-22E EPS.
Promoter/FII Holdings
Promoters held 51 per cent stake in the company as of March 31, 2020, while FIIs held 11.83 per cent, DIIs 18.34 per cent and public and other 18.83 per cent.
