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Castrol India

NSEI:CASTROLIND
Snowflake Description

Flawless balance sheet average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CASTROLIND
NSEI
₹145B
Market Cap
  1. Home
  2. IN
  3. Materials
Company description

Castrol India Limited manufactures and markets automotive and industrial lubricants, and provides related services primarily in India. The last earnings update was 22 days ago. More info.


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CASTROLIND Share Price and Events
7 Day Returns
2.1%
NSEI:CASTROLIND
4.7%
IN Chemicals
4.9%
IN Market
1 Year Returns
-12.9%
NSEI:CASTROLIND
0.4%
IN Chemicals
0.8%
IN Market
CASTROLIND Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Castrol India (CASTROLIND) 2.1% -11.1% -3% -12.9% -20.3% -0.7%
IN Chemicals 4.7% -2.3% 9% 0.4% 57% 164%
IN Market 4.9% -1.6% 9.4% 0.8% 39.5% 45.6%
1 Year Return vs Industry and Market
  • CASTROLIND underperformed the Chemicals industry which returned 0.4% over the past year.
  • CASTROLIND underperformed the Market in India which returned 0.8% over the past year.
Price Volatility
CASTROLIND
Industry
5yr Volatility vs Market

CASTROLIND Value

 Is Castrol India undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Castrol India to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Castrol India.

NSEI:CASTROLIND Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 10 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 15.4%
Perpetual Growth Rate 10-Year IN Government Bond Rate 7.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NSEI:CASTROLIND
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 7.6%
Equity Risk Premium S&P Global 8.6%
Chemicals Unlevered Beta Simply Wall St/ S&P Global 0.87
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.871 (1 + (1- 35%) (0%))
0.914
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.91
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (0.914 * 8.6%)
15.41%

Discounted Cash Flow Calculation for NSEI:CASTROLIND using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Castrol India is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NSEI:CASTROLIND DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 15.41%)
2019 8,638.00 Analyst x5 7,484.83
2020 7,669.50 Analyst x4 5,758.44
2021 8,524.00 Analyst x2 5,545.62
2022 9,041.12 Est @ 6.07% 5,096.80
2023 9,629.85 Est @ 6.51% 4,703.96
2024 10,286.91 Est @ 6.82% 4,354.09
2025 11,011.24 Est @ 7.04% 4,038.48
2026 11,803.37 Est @ 7.19% 3,751.08
2027 12,665.10 Est @ 7.3% 3,487.61
2028 13,599.21 Est @ 7.38% 3,244.90
Present value of next 10 years cash flows ₹47,465.81
NSEI:CASTROLIND DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= ₹13,599.21 × (1 + 7.55%) ÷ (15.41% – 7.55%)
₹186,157.80
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹186,157.80 ÷ (1 + 15.41%)10
₹44,419.04
NSEI:CASTROLIND Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹47,465.81 + ₹44,419.04
₹91,884.85
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹91,884.85 / 989.12
₹92.9
NSEI:CASTROLIND Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in NSEI:CASTROLIND represents 0.99692x of BSE:500870
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.99692x
Value per Share
(Listing Adjusted, INR)
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 92.90 x 0.99692
₹92.61
Value per share (INR) From above. ₹92.61
Current discount Discount to share price of ₹145.75
= -1 x (₹145.75 - ₹92.61) / ₹92.61
-57.4%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Castrol India is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Castrol India's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Castrol India's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NSEI:CASTROLIND PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in INR ₹7.19
BSE:500870 Share Price ** BSE (2019-05-21) in INR ₹146.2
India Chemicals Industry PE Ratio Median Figure of 232 Publicly-Listed Chemicals Companies 14.9x
India Market PE Ratio Median Figure of 2,757 Publicly-Listed Companies 15.52x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Castrol India.

NSEI:CASTROLIND PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:500870 Share Price ÷ EPS (both in INR)

= 146.2 ÷ 7.19

20.33x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Castrol India is overvalued based on earnings compared to the IN Chemicals industry average.
  • Castrol India is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Castrol India's expected growth come at a high price?
Raw Data
NSEI:CASTROLIND PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 20.33x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts
7.9%per year
India Chemicals Industry PEG Ratio Median Figure of 53 Publicly-Listed Chemicals Companies 1.31x
India Market PEG Ratio Median Figure of 561 Publicly-Listed Companies 1.3x

*Line of best fit is calculated by linear regression .

NSEI:CASTROLIND PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 20.33x ÷ 7.9%

2.56x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Castrol India is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Castrol India's assets?
Raw Data
NSEI:CASTROLIND PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in INR ₹11.78
BSE:500870 Share Price * BSE (2019-05-21) in INR ₹146.2
India Chemicals Industry PB Ratio Median Figure of 268 Publicly-Listed Chemicals Companies 1.41x
India Market PB Ratio Median Figure of 3,638 Publicly-Listed Companies 1.05x
NSEI:CASTROLIND PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:500870 Share Price ÷ Book Value per Share (both in INR)

= 146.2 ÷ 11.78

12.41x

* Primary Listing of Castrol India.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Castrol India is overvalued based on assets compared to the IN Chemicals industry average.
X
Value checks
We assess Castrol India's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Chemicals industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Chemicals industry average (and greater than 0)? (1 check)
  5. Castrol India has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

CASTROLIND Future Performance

 How is Castrol India expected to perform in the next 1 to 3 years based on estimates from 10 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Castrol India expected to grow at an attractive rate?
  • Castrol India's earnings growth is expected to exceed the low risk savings rate of 7.6%.
Growth vs Market Checks
  • Castrol India's earnings growth is positive but not above the India market average.
  • Castrol India's revenue growth is positive but not above the India market average.
Annual Growth Rates Comparison
Raw Data
NSEI:CASTROLIND Future Growth Rates Data Sources
Data Point Source Value (per year)
NSEI:CASTROLIND Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 10 Analysts 7.9%
NSEI:CASTROLIND Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 10 Analysts 5.6%
India Chemicals Industry Earnings Growth Rate Market Cap Weighted Average 18.6%
India Chemicals Industry Revenue Growth Rate Market Cap Weighted Average 13.5%
India Market Earnings Growth Rate Market Cap Weighted Average 16.9%
India Market Revenue Growth Rate Market Cap Weighted Average 10.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NSEI:CASTROLIND Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NSEI:CASTROLIND Future Estimates Data
Date (Data in INR Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 46,334 10,427 9,152 4
2020-12-31 44,044 8,435 8,229 10
2019-12-31 41,563 10,256 7,782 10
NSEI:CASTROLIND Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-03-31 39,646 7,116
2018-12-31 39,155 5,495 7,084
2018-09-30 38,593 6,931
2018-06-30 37,938 7,209
2018-03-31 36,470 6,946
2017-12-31 36,045 6,083 6,918
2017-09-30 34,107 6,509
2017-06-30 33,110 6,125
2017-03-31 34,114 6,815
2016-12-31 33,819 6,641 6,704
2016-09-30 33,791 6,600
2016-06-30 34,017 6,634

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Castrol India's earnings are expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
  • Castrol India's revenue is expected to grow by 5.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NSEI:CASTROLIND Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below

All data from Castrol India Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CASTROLIND Future Estimates Data
Date (Data in INR Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 8.68 9.71 6.96 4.00
2020-12-31 8.16 9.01 6.76 10.00
2019-12-31 7.76 8.20 6.76 10.00
NSEI:CASTROLIND Past Financials Data
Date (Data in INR Millions) EPS *
2019-03-31 7.19
2018-12-31 7.16
2018-09-30 7.00
2018-06-30 7.29
2018-03-31 7.02
2017-12-31 6.99
2017-09-30 6.58
2017-06-30 6.19
2017-03-31 6.89
2016-12-31 6.78
2016-09-30 6.68
2016-06-30 6.71

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Castrol India is expected to make outstanding use of shareholders’ funds in the future (Return on Equity greater than 40%).
X
Future performance checks
We assess Castrol India's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Castrol India has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

CASTROLIND Past Performance

  How has Castrol India performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Castrol India's growth in the last year to its industry (Chemicals).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Castrol India's year on year earnings growth rate has been positive over the past 5 years.
  • Castrol India's 1-year earnings growth is less than its 5-year average (2.4% vs 8.3%)
  • Castrol India's earnings growth has not exceeded the IN Chemicals industry average in the past year (2.4% vs 13.1%).
Earnings and Revenue History
Castrol India's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Castrol India Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NSEI:CASTROLIND Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 39,645.60 7,115.60 4,756.30
2018-12-31 39,154.60 7,083.60 4,724.30
2018-09-30 38,593.30 6,931.10 4,615.90
2018-06-30 37,938.30 7,209.10 4,596.90
2018-03-31 36,470.30 6,946.10 4,560.90
2017-12-31 36,044.70 6,918.10 4,589.90
2017-09-30 34,106.70 6,509.10 4,458.30
2017-06-30 33,109.70 6,125.10 4,454.30
2017-03-31 34,113.70 6,815.10 4,391.30
2016-12-31 33,819.00 6,703.80 4,381.90
2016-09-30 33,791.30 6,599.60 4,446.20
2016-06-30 34,017.30 6,633.60 4,400.20
2016-03-31 33,545.30 6,409.60 4,189.20
2015-12-31 33,161.60 6,152.60 4,291.90
2015-09-30 33,802.30 6,064.60 5,752.50
2015-06-30 33,986.30 5,811.60 5,700.50
2015-03-31 33,875.30 5,210.60 7,076.50
2014-12-31 33,923.30 4,745.60 4,116.10
2014-09-30 33,447.20 4,686.70 5,603.90
2014-06-30 32,648.20 4,552.70 5,522.90
2014-03-31 32,133.20 4,844.70 5,417.90
2013-12-31 31,898.40 5,085.70 5,250.90
2013-09-30 31,301.60 5,002.90 5,186.80
2013-06-30 31,294.60 4,814.90 5,238.80
2013-03-31 31,211.60 4,487.90 5,160.80
2012-12-31 31,208.60 4,473.90 5,143.80
2012-09-30 31,334.70 4,363.30 4,946.50
2012-06-30 30,855.70 4,457.30 4,749.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Castrol India made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Castrol India used its assets more efficiently than the IN Chemicals industry average last year based on Return on Assets.
  • Castrol India's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Castrol India's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Chemicals industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Castrol India has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

CASTROLIND Health

 How is Castrol India's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Castrol India's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Castrol India is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Castrol India's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Castrol India's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Castrol India has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Castrol India Company Filings, last reported 1 month ago.

NSEI:CASTROLIND Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 11,656.60 0.00 7,286.50
2018-12-31 11,656.60 0.00 7,286.50
2018-09-30 10,681.00 0.00 8,524.00
2018-06-30 10,681.00 0.00 8,524.00
2018-03-31 10,201.50 0.00 7,724.70
2017-12-31 10,201.50 0.00 7,724.70
2017-09-30 9,115.00 0.00 6,671.00
2017-06-30 9,115.00 0.00 6,671.00
2017-03-31 5,957.50 0.00 8,218.80
2016-12-31 9,815.40 0.00 8,110.80
2016-09-30 6,870.00 0.00 8,157.00
2016-06-30 6,870.00 0.00 8,157.00
2016-03-31 5,756.10 0.00 6,965.00
2015-12-31 5,756.10 0.00 6,965.00
2015-09-30 5,892.00 0.00 5,880.00
2015-06-30 5,892.00 0.00 5,880.00
2015-03-31 4,967.80 0.00 4,314.50
2014-12-31 4,967.80 0.00 4,314.50
2014-09-30 4,842.00 0.00 3,660.00
2014-06-30 4,842.00 0.00 3,660.00
2014-03-31 7,514.20 0.00 5,942.20
2013-12-31 7,514.20 0.00 5,942.20
2013-09-30 7,233.00 0.00 6,512.00
2013-06-30 7,233.00 0.00 6,512.00
2013-03-31 6,492.30 0.00 5,745.90
2012-12-31 6,492.30 0.00 5,745.90
2012-09-30 6,468.00 0.00 5,020.00
2012-06-30 6,468.00 0.00 5,020.00
  • Castrol India has no debt.
  • Castrol India has not taken on any debt in the past 5 years.
  • Castrol India has no debt, it does not need to be covered by operating cash flow.
  • Castrol India has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Castrol India's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Castrol India has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

CASTROLIND Dividends

 What is Castrol India's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.42%
Current annual income from Castrol India dividends. Estimated to be 4.09% next year.
If you bought ₹2,000 of Castrol India shares you are expected to receive ₹68 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Castrol India's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.53%).
  • Castrol India's dividend is above the markets top 25% of dividend payers in India (2.02%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NSEI:CASTROLIND Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 10 Analyst Estimates (S&P Global) See Below
India Chemicals Industry Average Dividend Yield Market Cap Weighted Average of 163 Stocks 1%
India Market Average Dividend Yield Market Cap Weighted Average of 1401 Stocks 1.4%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NSEI:CASTROLIND Future Dividends Estimate Data
Date (Data in ₹) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 6.33 3.00
2020-12-31 6.13 7.00
2019-12-31 5.69 7.00
NSEI:CASTROLIND Past Annualized Dividends Data
Date (Data in ₹) Dividend per share (annual) Avg. Yield (%)
2019-01-30 5.000 3.197
2018-07-31 4.750 3.126
2018-04-09 5.000 2.853
2018-02-06 5.000 2.506
2017-11-07 4.500 2.312
2017-08-23 4.500 2.352
2017-02-21 4.500 2.173
2016-07-27 4.750 2.264
2016-02-25 5.000 2.596
2015-11-05 4.000 1.879
2015-07-29 4.000 1.763
2015-02-25 4.000 1.729
2014-10-30 3.500 1.457
2014-07-31 3.500 1.806
2014-02-17 3.500 2.273
2013-10-17 3.500 2.321
2013-08-01 3.500 2.219
2013-05-24 3.500 2.093
2012-07-16 3.750 2.454
2012-03-05 3.750 2.918
2012-02-13 3.750 3.121
2011-08-11 3.750 3.280
2011-02-22 3.750 3.122
2010-07-15 3.000 2.590
2010-02-18 1.875 2.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Castrol India has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Castrol India only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Castrol India's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.4x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Castrol India's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Castrol India afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Castrol India has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

CASTROLIND Management

 What is the CEO of Castrol India's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Omer Dormen
COMPENSATION ₹67,978,030
TENURE AS CEO 3.6 years
CEO Bio

Mr. Omer Dormen has been Managing Director and Director of Castrol India Ltd. since October 12, 2015.

CEO Compensation
  • Omer's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Omer's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Castrol India management team in years:

2.3
Average Tenure
50
Average Age
  • The tenure for the Castrol India management team is about average.
Management Team

Omer Dormen

TITLE
MD & Director
COMPENSATION
₹68M
TENURE
3.6 yrs

Jayanta Chatterjee

TITLE
CFO & Wholetime Director
COMPENSATION
₹18M
AGE
49
TENURE
0.3 yrs

Chandana Dhar

TITLE
Company Secretary & Compliance Officer
COMPENSATION
₹6M
TENURE
2.3 yrs

S. Joshi

TITLE
Wholetime Director of Supply Chain & Whole Time Director
COMPENSATION
₹16M
AGE
51
TENURE
0.3 yrs

Sagar Vira

TITLE
Vice President of Customer Excellence & Operations

Rajesh Madathingal

TITLE
Technology Manager

Siddharth Shetty

TITLE
Managing Counsel

Dilnaz Anklesaria

TITLE
Associate Vice President of Corporate Communications
AGE
59

Kedar Apte

TITLE
Vice President of Marketing
TENURE
2.7 yrs

Valles Premila

TITLE
Vice President of Human Resources
AGE
49
Board of Directors Tenure

Average tenure and age of the Castrol India board of directors in years:

3.6
Average Tenure
62
Average Age
  • The tenure for the Castrol India board of directors is about average.
Board of Directors

Susim Datta

TITLE
Chairman of the Board
COMPENSATION
₹3M
AGE
82

Omer Dormen

TITLE
MD & Director
COMPENSATION
₹68M
TENURE
3.6 yrs

Jayanta Chatterjee

TITLE
CFO & Wholetime Director
COMPENSATION
₹18M
AGE
49
TENURE
3.6 yrs

S. Joshi

TITLE
Wholetime Director of Supply Chain & Whole Time Director
COMPENSATION
₹16M
AGE
51
TENURE
5.8 yrs

Ram Ramchander

TITLE
VP of Global Marketing of BP Lubricants & Non-Executive Nominee Director
COMPENSATION
₹11M
AGE
55
TENURE
0.1 yrs

Ramabadran Gopalakrishnan

TITLE
Non-Executive Independent Director
COMPENSATION
₹2M
AGE
73

Uday Khanna

TITLE
Non-Executive Independent Director
COMPENSATION
₹2M
AGE
69
TENURE
7.3 yrs

Sashi Mukundan

TITLE
Non-Executive Nominee Director
TENURE
10.1 yrs

Sangeeta Talwar

TITLE
Non-Executive Independent Director
AGE
62
TENURE
0.8 yrs

Mark Sclater

TITLE
Non-Executive Nominee Director
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
X
Management checks
We assess Castrol India's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Castrol India has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

CASTROLIND News

Simply Wall St News

Grab Castrol India Limited (NSE:CASTROLIND) Today With A Solid 3.1% Dividend Yield

If you are an income investor, then Castrol India Limited (NSE:CASTROLIND) should be on your radar. … Castrol India Limited manufactures and markets automotive and industrial lubricants, and provides related services primarily in India. … Currently yielding 3.1%, let's take a closer look at Castrol India's dividend profile.

Simply Wall St -

Is Castrol India Limited (NSE:CASTROLIND) A Cash Cow?

If you are currently a shareholder in Castrol India Limited (NSE:CASTROLIND), or considering investing in the stock, you need to examine how the business generates cash, and how it is reinvested. … I’ve analysed below, the health and outlook of Castrol India’s cash flow, which will help you understand the stock from a cash standpoint. … Castrol India’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure.

Simply Wall St -

Why Castrol India Limited (NSE:CASTROLIND) Is A Dividend Rockstar

There is a lot to be liked about Castrol India Limited (NSE:CASTROLIND) as an income stock. … Does Castrol India tick all the boxes of a great dividend stock? … View our latest analysis for Castrol India

Simply Wall St -

What Kind Of Shareholders Own Castrol India Limited (NSE:CASTROLIND)?

Every investor in Castrol India Limited (NSE:CASTROLIND) should be aware of the most powerful shareholder groups. … With a market capitalization of ₹142.4b, Castrol India is a decent size, so it is probably on the radar of institutional investors. … Taking a look at the our data on the ownership groups (below), it's seems that.

Simply Wall St -

Is Castrol India Limited (NSE:CASTROLIND) Attractive At This PE Ratio?

The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market. … and want to learn about the link between company’s fundamentals and stock market performance. … While CASTROLIND might seem like a stock to avoid or sell if you own it, it is important to understand the assumptions behind the P/E ratio before you make any investment decisions.

Simply Wall St -

Only 2 Days Left To Castrol India Limited (NSE:CASTROLIND)’s Ex-Dividend Date, Should Investors Buy?

Have you been keeping an eye on Castrol India Limited's (NSE:CASTROLIND) upcoming dividend of ₹2.25 per share payable on the 29 August 2018? … Below, I will explain how holding Castrol India can impact your portfolio income stream, by analysing the stock's most recent financial data and dividend attributes. … stable and consistent dividend, having done so reliably for the past decade with the expectation of this continuing into the future

Simply Wall St -

Should You Worry About Castrol India Limited's (NSE:CASTROLIND) CEO Pay Check?

Recognizing whether CEO incentives are aligned with shareholders is a crucial part of investing. … Incentives can be in the form of compensation, which should always be structured in a way that promotes value-creation to shareholders. … Dormen’s pay and compare this to the company’s performance over the same period, as well as measure it against other

Simply Wall St -

Where Castrol India Limited's (NSE:CASTROLIND) Earnings Growth Stands Against Its Industry

When Castrol India Limited (NSE:CASTROLIND) released its most recent earnings update (31 March 2018), I wanted to understand how these figures stacked up against its past performance. … The two benchmarks I used were Castrol India's average earnings over the past couple of years, and its industry performance. … CASTROLIND's trailing twelve-month earnings (from 31 March 2018) of ₹6.95b has

Simply Wall St -

What You Must Know About Castrol India Limited's (NSE:CASTROLIND) Financial Health

Small and large cap stocks are widely popular for a variety of reasons, however, mid-cap companies such as Castrol India Limited (NSE:CASTROLIND), with a market cap of ₹167.97b, often get neglected by retail investors. … CASTROLIND’s financial liquidity and debt position will be analysed in this article, to get an idea of whether the company can fund opportunities for strategic growth and maintain strength through economic downturns. … See our latest analysis for Castrol India

Simply Wall St -

How Did Castrol India Limited's (NSE:CASTROLIND) 68.09% ROE Fare Against The Industry?

and want a simplistic look at the return on Castrol India Limited (NSE:CASTROLIND) stock. … Castrol India Limited (NSE:CASTROLIND) outperformed the commodity chemicals industry on the basis of its ROE – producing a higher 68.09% relative to the peer average of 13.20% over the past 12 months. … If CASTROLIND borrows debt to invest in its business, its profits will be higher.

Simply Wall St -

CASTROLIND Company Info

Description

Castrol India Limited manufactures and markets automotive and industrial lubricants, and provides related services primarily in India. It offers engine oils, automatic and manual transmission fluids, antifreeze products and coolants, driveline fluids, greases, and other products for cars, motorcycles and scooters, trucks and buses, and off-road vehicles. The company offers its products primarily under the Castrol Activ, Castrol POWER1, Castrol GTX, Castrol MAGNATEC, Castrol EDGE, Castrol CRB, and Castrol VECTON brands. It serves the marine, oil and gas, automotive, aerospace, power generation, machinery, metals, and mining industries. The company was founded in 1910 and is based in Mumbai, India. Castrol India Limited is a subsidiary of Castrol Limited.

Details
Name: Castrol India Limited
CASTROLIND
Exchange: NSEI
Founded: 1910
₹144,955,885,375
989,122,384
Website: http://www.castrol.com/en_in/india.html
Address: Castrol India Limited
Technopolis Knowledge Park,
Mahakali Caves Road,
Mumbai,
Maharashtra, 400093,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 500870 Equity Shares Mumbai Stock Exchange IN INR 07. Sep 1998
NSEI CASTROLIND Equity Shares National Stock Exchange of India IN INR 07. Sep 1998
Number of employees
Current staff
Staff numbers
721
Castrol India employees.
Industry
Commodity Chemicals
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/21 12:49
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/02
Last earnings filing: 2019/04/29
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.