Castrol India - Diversification To Help Achieve Growth Targets: Motilal Oswal

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Castrol India Ltd. has taken several initiatives to strengthen its market position. Its new auto care segment is gaining traction and the company plans to add more products to its auto care portfolio. Castrol also plans to expand its service network.The company is focusing on its Ki Mobility partnership and is expanding its existing portfolio to strengthen its auto care offerings. Castrol India maintained robust return ratios above 40% in CY23 and a dividend payout of ~86% (~3.8% dividend yield). The stock trades at 21.7 times CY24E earnings per share of Rs 9.2 and 14.9 times CY24E enterprise value/Ebitda. We value the stock at 22 times CY25E EPS to arrive at our target price of Rs 230. We reiterate our 'Buy' rating on the stock..Castrol India, a subsidiary of Castrol Ltd. UK (part of BP Group), is the second largest manufacturer of automotive and industrial lubricants in India. It has a strong distribution network of over 105,000 retail outlets serviced through 420 distributors across India..Click on the attachment to read the full report:.Cello World - Greeting The World With Cello; Motilal Oswal Initiates Coverage With A Buy Rating.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Castrol India - Diversification To Help Achieve Growth Targets: Motilal Oswal

In the past eight-nine months, Castrol has revitalised its brand, characterized by a refreshed outlook aiming for "Onward, Upward, and Forward."

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