Castrol India Ltd(CASTROLIND)

NSE: CASTROLINDBSE: 500870

₹ 190.45-2.23%refreshed 23 Oct, 03:51 pm ISTMarket cap: ₹ 18,838 crWebsite: www.castrol.comUpdated: 25 Oct 2026

About

Castrol India Ltd makes and markets automotive and industrial lubricants, including engine oils, transmission fluids, metalworking fluids and auto care products, under the Castrol brand. Lubricating oils make up 99.6% of its turnover, and it reported revenue of Rs 5,721.5 crore in FY25. It says it ranks #1 by market share across automotive categories. By end-CY25, its automotive lubricant market share was in the early 20s per cent, and it accounts for slightly over 10% of global Castrol volume.^[1][2][3]

Business mix

Lubricating oils make up 99.6% of turnover (FY25 annual report); the company reports a single lubricants segment.^[2][4]
Industrial was about 12-13% of the business in CY25 and grew volumes at double digits, while core automotive grew at high single digits.^[3]
Industrial lubricants were about 15% of overall revenue as of Q2 FY26.^[5]
The Auto Care non-lubricant range (sprays, cleaners, accessories) sold 100% more volume in 1H 2025 than in all of CY2024.^[6]

Products and brands

Launched or localised close to 20 products in CY25, including Hysol, Alusol, Spheerol and an upgraded MAGNATEC.^[3]
Castrol MAGNATEC was the first engine oil in India to meet the API SQ specification; GTX and Activ Synthetic grades were also launched in H1 FY26.^[2][5]
Launched India's first engine oil blended with locally procured Re-Refined Base Oil (RRBO), developed with a leading OEM.^[2]
Data centre cooling fluids are available in India; as of Q2 FY26, hyperscaler trials had produced some early business, though it was not yet material.^[5][3]
A majority of the leading BEV OEMs in India use Castrol EV fluids (FY25).^[2]

Operations

Runs three blending plants in India: Patalganga, Silvassa and Paharpur (FY25).^[2]
Management said in the Q4 CY25 call that the three plants can support growth for at least the next couple of years.^[3]
Operates 23 Chemical Management Services sites that manage lubricants for industrial customers (FY25).^[2]

Key operating numbers

Volume grew 8% YoY in CY25 and 8% YoY in Q4 CY25, the eighth straight quarter of volume-led growth.^[3]
Q4 CY25 volume was upwards of 60 million litres; Q2 2025 volume was 66 million litres vs 61 million litres in Q2 2024.^[3][6]
Automotive market share rose 50 bps by end-CY25 to the early 20s per cent (Nielsen).^[3]
Imported base oil was slightly more than half of base oil in CY25.^[3]
Cost per litre fell about 5% YoY in Q3 2025, and 2-3% on a 9-month 2025 basis.^[7]
A&P spend was 3% of revenue in CY25.^[3]
Two price increases were taken in H1 FY26; the Q2 increase was described as low double digit.^[5]

Distribution and service network

Over 400 distributors serve more than 1,50,000 outlets across urban, semi-urban and rural India (FY25).^[2]
The Castrol Auto Service network reached 850 stations as of Q2 FY26, up from 800 at the end of Q1 FY26.^[5]
As of Q2 FY26, rural reach was about 45,000 outlets with 950 Rural Service Express points; rural is about 25% of B2C volumes.^[5]
The service ecosystem covered 34,000 independent bike workshops and 13,000 multi-brand car workshops as of Q1 FY26.^[8]
Directly serves close to 1900 key institutional accounts; the Jio-bp alliance extends reach to fuel forecourts (FY25).^[2]

Customers and markets

Industrial added customers in cement and steel in FY25, and was expanding into glass as of Q3 2025.^[2][7]
Rustilo and Hysol metalworking products served more than 100 customers as of Q2 2025.^[6]
There were no significant exports in FY25, though some quantities went to China, the Middle East, Thailand and Malaysia.^[2]
India is slightly over 10% of global Castrol volume.^[6]

Capital expenditure

Annual capex is about INR 100 crore, roughly split between plants and distribution (Q4 CY25 call).^[3][5]

Recent developments

BP agreed to sell 65% of global Castrol to Stonepeak. Closing was expected toward end-2026, subject to regulatory approval; Castrol India's operating model is unchanged.^[8][3]
Signed an MoU with HPCL in Q1 FY26 to explore a re-refined base oil ecosystem in India.^[8]
Signed an MoU with VinFast in Q3 2025 to use CAS workshops for EV aftersales service.^[7]
The Ki Mobility investment was revalued down by about INR 66 crore in Q2 FY26 OCI.^[5]

Market Cap

₹18,838 Cr

High / Low

₹203 / 170

Stock P/E

18.1

Price / Book

10.1

Book Value

₹19

EPS

₹9.6

No. of Shares

98.91 Cr

ROCE

61.4%

ROE

45.5%

OPM

22.7%

Debt / Equity

0.00

Sales

₹5,722 Cr

Net Profit

₹950 Cr

Promoter holding

51.0%

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