Castrol India Ltd, incorporated in the year 1979, is a Mid Cap company with a market cap of Rs 12527.23 Crore, operating in Petrochemicals sector.
Castrol India’s key Products/Revenue Segments include Petroleum Products, Other Operating Revenue and Scrap for the year ending 31-Dec-2020.
Investment Rationale
The company’s management said additional restrictions/lockdowns are resulting in a market slowdown in various parts of India, thus posing a challenge to its 2QCY21 volume outlook.
Factoring in the above, Motilal Oswal assumes a sequential decline in volumes for 2QCY21E, while building in a sequential increase in realization. Long-term volumes guidance stands ~4 per cent YoY.
Financials
For the quarter ended 31-03-2021, the company has reported a Standalone Total Income of Rs 1153.00 Crore, up 21.30 per cent from last quarter’s Total Income of Rs 950.50 Crore and up 62.90 per cent from last year same quarter’s Total Income of Rs 707.80 Crore. Company has reported net profit after tax of Rs 243.60 Crore in latest quarter.
