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Castrol India Limited
Sector:Oil and Gas Oil and Gas - Lubricants
BSE:500870NSE:CASTROLINDBloomberg:CSTRL@INReuters:CAST.BO
Market Lot: 1Face Value: 5ISIN Demat: INE172A01027
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22-Feb-2017
Business Profile
Castrol India (CASTROL) manufactures and markets high-quality automotive and industrial lubricants and specialty oils. Promoted by Burma Castrol, UK, a 71% stakeholder in the company, it was incorporated in 1979 as a private limited company called Indrol Lubricants and Specialities. In 1982, it was converted into a public limited company and acquired its present name in 1990.

The company has leadership positions in most of the segments in which it operates including passenger car engine oils, premium 2-stroke and 4-stroke oils and multigrade diesel engine oils. The company has five manufacturing plants across the country, including a state-of-the-art plant in Silvassa. It markets its automotive lubricants under two brands, Castrol and BP.

A budget of Rs 100 million was earmarked to be spent over three years towards making facilities at the technology centre world class. Castrol`s BikeZone is another first to its credit. Through BikeZone, Castrol has created a new channel of multi-branded two wheeler service centers. The company has initiated several competitions and awards for sports.

Castrol India has the largest manufacturing and marketing network amongst the lubricant companies in India. The company reaches its consumers through a distribution network of 270 distributors, servicing over 70,000.retail outlets. It enjoys a 22% market share in lubricants. It has major agreements with Tata Cummins, ITC`s E Chaupal Sagar Stores, Godrej Adhar, Reliance India and Essar Oil for supply of lubricants. The company exports grease to Asian countries and Korea and has also initiated export of engine oils and specialty products.

Its registered office is at Technopolis Knowledge Park, Mahakali Caves Road, Andheri (East), Mumbai-400093.


Financials
The company reported rise of 10.65% in standalone net profit on y-o-y basis to Rs 1.56 billion, while total income fell 3.81% y-o-y basis to Rs 7.82 billion for the quarter ended December 2016.

Recent Developments
27-JUL-16
Castrol India announced flat profits for the quarter ended June 2016. During the quarter, the profit of the company remained unchanged to Rs 2,473.00 million.

19-MAY-16
Promoter groups of Castrol India, a company engaged in automotive lubricants business, offloaded 7% stake in the company for a consideration of approx. Rs 20 billion or USD 287 million.

05-MAY-16
Castrol India announced a steady growth in standalone net profit for the quarter ended March 2016. During the quarter, the profit of the company rose 17.52% to Rs 1,724.00 million from Rs 1,467.00 million in the same quarter previous year.

05-NOV-15
Castrol India announced a good increase in standalone net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 21.46% to Rs 1,432.00 million from Rs 1,179.00 million in the same quarter last year.

17-AUG-15
After a distinguished career of 16 years with Castrol India, six of which were on the board of directors, initially as chief operating officer and subsequently as managing director, Ravi Kirpalani will be leaving the company to pursue other interests.

15-MAY-15
Castrol India, engaged in automotive lubricants business, disclosed a substantial rise in standalone net profit for the quarter ended March 2015. During the quarter, the profit of the company rose 46.41% to Rs 1,467.00 million from Rs 1,002.00 million in the same quarter previous year.

17-OCT-13
Castrol India, engaged in automotive lubricants business, reported a growth of 21.94% in its net profit for third quarter to Rs 1,045 million as compared to Rs 857 million in the same period last year.

01-AUG-13
Castrol India, engaged in automotive lubricants business, reported a growth of 27.5% in its net profit during fourth quarter to Rs 1.53 billion as compared to Rs 1.20 billion in the same period last year.



In Brief

 
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