Castrol India Future Growth

Future criteria checks 2/6

Castrol India is forecast to grow earnings and revenue by 8.8% and 6.1% per annum respectively. EPS is expected to grow by 8.7% per annum. Return on equity is forecast to be 44.7% in 3 years.

Key information

8.8%

Earnings growth rate

8.7%

EPS growth rate

Chemicals earnings growth	20.2%
Revenue growth rate	6.1%
Future return on equity	44.7%
Analyst coverage	Low
Last updated	03 May 2024

Recent future growth updates

Recent updates

It's Unlikely That Castrol India Limited's (NSE:CASTROLIND) CEO Will See A Huge Pay Rise This Year

Mar 22

Castrol India Limited (NSE:CASTROLIND) Surges 34% Yet Its Low P/E Is No Reason For Excitement

Jan 06

Castrol India Limited (NSE:CASTROLIND) Shares Could Be 25% Above Their Intrinsic Value Estimate

Nov 25

Castrol India (NSE:CASTROLIND) Is Due To Pay A Dividend Of ₹3.00

Aug 03

Is Castrol India (NSE:CASTROLIND) Using Too Much Debt?

Jun 14

Castrol India's (NSE:CASTROLIND) Upcoming Dividend Will Be Larger Than Last Year's

Aug 04

Here's Why Castrol India's (NSE:CASTROLIND) Statutory Earnings Are Arguably Too Conservative

Feb 17

Calculating The Fair Value Of Castrol India Limited (NSE:CASTROLIND)

Jan 31

If You Had Bought Castrol India's (NSE:CASTROLIND) Shares Five Years Ago You Would Be Down 37%

Jan 14

Castrol India Limited's (NSE:CASTROLIND) Stock Is Going Strong: Have Financials A Role To Play?

Dec 27

Do Institutions Own Castrol India Limited (NSE:CASTROLIND) Shares?

Dec 09

Could Castrol India Limited (NSE:CASTROLIND) Have The Makings Of Another Dividend Aristocrat?

Nov 18

Three Days Left To Buy Castrol India Limited (NSE:CASTROLIND) Before The Ex-Dividend Date

Oct 31

Calculating The Intrinsic Value Of Castrol India Limited (NSE:CASTROLIND)

Oct 18

We Think Castrol India's (NSE:CASTROLIND) Statutory Profit Might Understate Its Earnings Potential

Oct 03

Reflecting on Castrol India's (NSE:CASTROLIND) Share Price Returns Over The Last Five Years

Sep 18

What Type Of Shareholders Own The Most Number of Castrol India Limited (NSE:CASTROLIND) Shares?

Sep 03

Is Castrol India Limited (NSE:CASTROLIND) The Right Choice For A Smart Dividend Investor?

Aug 17

Earnings and Revenue Growth Forecasts

NSEI:CASTROLIND - Analysts future estimates and past financials data (INR Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	60,238	11,204	10,073	N/A	1
12/31/2025	57,063	10,266	9,548	N/A	5
12/31/2024	53,789	9,392	8,834	N/A	5
3/31/2024	51,060	8,779	N/A	N/A	N/A
12/31/2023	50,746	8,641	7,575	8,530	N/A
9/30/2023	49,866	8,155	N/A	N/A	N/A
6/30/2023	49,247	8,083	6,088	7,209	N/A
3/31/2023	48,327	7,893	N/A	N/A	N/A
12/31/2022	47,745	8,152	8,059	9,156	N/A
9/30/2022	46,983	8,104	N/A	N/A	N/A
6/30/2022	46,504	8,092	8,370	9,257	N/A
3/31/2022	42,891	7,429	N/A	N/A	N/A
12/31/2021	41,921	7,581	5,470	6,302	N/A
9/30/2021	40,435	7,572	N/A	N/A	N/A
6/30/2021	38,534	7,759	7,526	8,011	N/A
3/31/2021	34,544	7,013	N/A	N/A	N/A
12/31/2020	30,037	5,829	8,690	8,928	N/A
9/30/2020	30,799	6,665	N/A	N/A	N/A
6/30/2020	30,460	6,503	7,575	8,252	N/A
3/31/2020	35,886	7,676	N/A	N/A	N/A
12/31/2019	38,832	8,274	7,788	8,795	N/A
9/30/2019	39,093	7,681	N/A	N/A	N/A
6/30/2019	39,870	7,301	4,357	5,273	N/A
3/31/2019	39,646	7,116	N/A	N/A	N/A
12/31/2018	39,153	7,084	4,712	5,495	N/A
9/30/2018	38,593	6,931	N/A	N/A	N/A
6/30/2018	37,938	7,209	N/A	N/A	N/A
3/31/2018	36,470	6,946	N/A	N/A	N/A
12/31/2017	36,045	6,918	N/A	6,083	N/A
9/30/2017	34,107	6,509	N/A	N/A	N/A
6/30/2017	33,110	6,125	N/A	N/A	N/A
3/31/2017	34,114	6,815	N/A	N/A	N/A
12/31/2016	33,819	6,704	N/A	6,641	N/A
9/30/2016	33,791	6,600	N/A	N/A	N/A
6/30/2016	34,017	6,634	N/A	N/A	N/A
3/31/2016	33,545	6,410	N/A	N/A	N/A
12/31/2015	33,162	6,153	N/A	7,400	N/A
9/30/2015	33,802	6,065	N/A	N/A	N/A
6/30/2015	33,986	5,812	N/A	N/A	N/A
3/31/2015	33,875	5,211	N/A	N/A	N/A
12/31/2014	33,923	4,746	N/A	5,476	N/A
9/30/2014	33,447	4,687	N/A	N/A	N/A
6/30/2014	32,648	4,553	N/A	N/A	N/A
3/31/2014	32,133	4,845	N/A	N/A	N/A
12/31/2013	31,898	5,086	N/A	3,965	N/A
9/30/2013	31,302	5,003	N/A	N/A	N/A
6/30/2013	31,295	4,815	N/A	N/A	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: CASTROLIND's forecast earnings growth (8.8% per year) is above the savings rate (6.7%).

Earnings vs Market: CASTROLIND's earnings (8.8% per year) are forecast to grow slower than the Indian market (16.8% per year).

High Growth Earnings: CASTROLIND's earnings are forecast to grow, but not significantly.

Revenue vs Market: CASTROLIND's revenue (6.1% per year) is forecast to grow slower than the Indian market (9.6% per year).

High Growth Revenue: CASTROLIND's revenue (6.1% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: CASTROLIND's Return on Equity is forecast to be very high in 3 years time (44.7%).

Castrol India Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Price target increased by 7.7% to ₹167

Price target increased by 8.2% to ₹150

Recent updates

First quarter 2024 earnings released: EPS: ₹2.19 (vs ₹2.05 in 1Q 2023)

Castrol India Limited to Report Q1, 2024 Results on Apr 30, 2024

It's Unlikely That Castrol India Limited's (NSE:CASTROLIND) CEO Will See A Huge Pay Rise This Year

Upcoming dividend of ₹4.50 per share

Full year 2023 earnings released: EPS: ₹8.74 (vs ₹8.24 in FY 2022)

New major risk - Revenue and earnings growth

Castrol India Limited, Annual General Meeting, Mar 28, 2024

Castrol India Limited Proposes Final Dividend for the Financial Year Ended 31 December 2023, Payable on or Before 26 April 2024

Price target increased by 7.7% to ₹167

Castrol India Limited (NSE:CASTROLIND) Surges 34% Yet Its Low P/E Is No Reason For Excitement

Castrol India Limited to Report Q4, 2023 Results on Feb 01, 2024

Investor sentiment improves as stock rises 20%

Castrol India Limited Appoints Mr. Anoop Jindal as Head - Customer Excellence & Operations, with Effect from 1 January 2024

Castrol India Limited (NSE:CASTROLIND) Shares Could Be 25% Above Their Intrinsic Value Estimate

Third quarter 2023 earnings released: EPS: ₹1.97 (vs ₹1.89 in 3Q 2022)

Castrol India Limited to Report Q3, 2023 Results on Oct 30, 2023

Castrol India Limited Appoints Rohit Talwar as Vice-President & Head Marketing, with Effect from 1 November 2023

Castrol India Limited Announces Cessation of Bhairavi Popat, Vice-President & Head Customer Excellence & Operations Effective from 1 October 2023

Castrol India (NSE:CASTROLIND) Is Due To Pay A Dividend Of ₹3.00

Castrol India Limited Declares an Interim Dividend, Payable on or Before 30 August 2023

Price target increased by 8.2% to ₹150

New major risk - Earnings quality

Second quarter 2023 earnings released: EPS: ₹2.28 (vs ₹2.09 in 2Q 2022)

Castrol India Limited Announces Change in Management

Castrol India Limited to Report Q2, 2023 Results on Jul 31, 2023

Is Castrol India (NSE:CASTROLIND) Using Too Much Debt?

First quarter 2023 earnings released: EPS: ₹2.05 (vs ₹2.31 in 1Q 2022)

Upcoming dividend of ₹3.50 per share at 5.9% yield

Full year 2022 earnings released: EPS: ₹8.24 (vs ₹7.66 in FY 2021)

Castrol India Limited, Annual General Meeting, May 11, 2023

Full year 2022 earnings released: EPS: ₹8.24 (vs ₹7.66 in FY 2021)

Castrol India Limited to Report Q4, 2022 Results on Feb 13, 2023

Castrol India Limited (BSE:500870) completed the acquisition of 7.09% stake in Ki Mobility Solutions Private Limited.

Castrol India Limited (BSE:500870) entered into an agreement to acquire 7.09% stake in Ki Mobility Solutions Private Limited.

Less than half of directors are independent

Third quarter 2022 earnings released: EPS: ₹1.89 (vs ₹1.88 in 3Q 2021)

Castrol India Limited Announces Appointment of Nicola Buck as Nominee Director

Castrol India Limited to Report Q3, 2022 Results on Oct 31, 2022

Now 20% undervalued

Now 20% undervalued

Castrol India's (NSE:CASTROLIND) Upcoming Dividend Will Be Larger Than Last Year's

Second quarter 2022 earnings released: EPS: ₹2.09 (vs ₹1.42 in 2Q 2021)

Castrol India Limited Approves Interim Dividend for Financial Year Ending 31 December 2022, Payable on or Before 31 August 2022

Castrol India Limited to Report Q2, 2022 Results on Aug 01, 2022

Upcoming dividend of ₹3.00 per share

Castrol India Limited, Annual General Meeting, Jun 08, 2022

First quarter 2022 earnings released: EPS: ₹2.31 (vs ₹2.46 in 1Q 2021)

Less than half of directors are independent

Castrol India Limited to Report Q1, 2022 Results on May 02, 2022

Castrol India Limited Appoints Saugata Basuray as an Additional and Wholetime Director

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Castrol India Limited Proposes Final Dividend for the Financial Year Ended 31 December 2021

Now 22% undervalued after recent price drop

Estimating The Intrinsic Value Of Castrol India Limited (NSE:CASTROLIND)

Third quarter 2021 earnings released: EPS ₹1.88 (vs ₹2.07 in 3Q 2020)

Company Secretary & Compliance Officer Chandana Dhar has left the company

Second quarter 2021 earnings released: EPS ₹1.42 (vs ₹0.66 in 2Q 2020)

Estimating The Fair Value Of Castrol India Limited (NSE:CASTROLIND)

First quarter 2021 earnings released: EPS ₹2.46 (vs ₹1.27 in 1Q 2020)

Upcoming dividend of ₹3.00 per share

Full year 2020 earnings released: EPS ₹5.89 (vs ₹8.37 in FY 2019)

How Does Castrol India Limited (NSE:CASTROLIND) Fare As A Dividend Stock?

New 90-day high: ₹136

Here's Why Castrol India's (NSE:CASTROLIND) Statutory Earnings Are Arguably Too Conservative

Full year 2020 earnings released: EPS ₹5.89 (vs ₹8.37 in FY 2019)

Castrol India Limited, Annual General Meeting, Apr 30, 2021

Calculating The Fair Value Of Castrol India Limited (NSE:CASTROLIND)

If You Had Bought Castrol India's (NSE:CASTROLIND) Shares Five Years Ago You Would Be Down 37%

Castrol India Limited Announces the Appointment of Jaya Jamrani as Vice President Marketing

Castrol India Limited to Report Q4, 2020 Results on Feb 01, 2021

Castrol India Limited's (NSE:CASTROLIND) Stock Is Going Strong: Have Financials A Role To Play?

Do Institutions Own Castrol India Limited (NSE:CASTROLIND) Shares?

Castrol India Limited Announces Board Changes