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CASTROL INDIA LTDCASTROL INDIA LTDCASTROL INDIA LTD

CASTROL INDIA LTD

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CASTROLIND Next move around 30% in next 1 monthCompany is almost debt-free. Company is expected to give a good quarter Company has a good return on equity (ROE) track record: 3 Years ROE 51.80% Company has been maintaining a healthy dividend payout of 76.95% ABOUT Castrol India Ltd is principally engaged in the business of manufacturing & marketing of automotive and industrial lubricants and related services. KEY POINTS Product Portfolio The company manufactures and sells various kinds of oil lubricants and other fluids for cars, motorcycles, commercial vehicles and others. Distribution Channels The company's distribution network includes 350 distributors who service ~1 lakh customers and sub-distributors. The company also serves ~3,000 key institutional accounts directly and from distributors. Manufacturing Capabilities The company owns and operates 3 manufacturing plants in India which are located in Patalganga (Maharashtra), Paharpur (West Bengal) and Silvassa (Union Territory). Jio-BP Partnership In July 2020, the company's ultimate promoter BP plc, and Reliance Industries Ltd started their Indian fuels and mobility JV, Reliance BP Mobility Ltd. BP has already paid RIL 1 billion USD for 49% stake in JV with RIL holding the rest 51% stake. The JV aims to become a leading player in India's fuels and mobility markets. The JV has benefited the company as it began selling fuels and Castrol lubricants from RIL's existing retail outlets. Strong Parentage The company is owned by Castrol Ltd UK which is a globally trusted multinational brand. Castrol products are sold in more than 150 countries and it is a preferred lubricants partner for Volkswagen, Audi, BMW, Komatsu and many other businesses. It was acquired by BP Plc in 2002 which is one of the 7 oil supermajors in the world. Royalty Terms For the use of the brand "Castrol", the company pays Castrol Ltd, U.K. (promoter) royalty @ 3.5% on annual turnover subject to a cap of 10% on profit before tax (PBT). It paid ~80 crores and ~112 crores in royalty to Castrol Ltd U.K. in FY20 and FY19 respectively.
BSE:CASTROLIND
by inprens
CASTROL DESCENDING CHANNEL BREAKOUTDescending channel breakout and retest done . Hope for uptrend .Risk reward counter . Disclaimer : Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply. Leave a comment that is helpful or encouraging. Let's master the markets together
NSE:CASTROLINDLong
by nandha027
go long updates The company entered in a strategic collaboration with ki Mobility Solutions Private Limited to supply lubricant products to ki Mobility workshops in India, which will also be available on their digital platform, goBumpr. The Patalganga plant won recognition from the National Safety Council for the second consecutive year for its strong safety performance. Jio-BP collaboration is expected to play a strong role, in terms of presence in retail chain. The pilot phase of 3M collaboration was on a standstill due to the pandemic and is expected to start in the upcoming quarters. About the company Castrol was founded by Charles “Cheers” Wakefield under the name of ‘CC Wakefield & Company’. In 1899 Charles left a job at Vacuum Oil to start a new business selling lubricants for trains and heavy machinery. Early in the new century, Wakefield took a personal interest in two sporty new motorised contraptions - the automobile and the aeroplane. The company started developing lubricants for these new engines, which needed oils that were runny enough to work from cold at start-up and thick enough to keep working at very high temperatures. Wakefield researchers found that adding a measure of castor oil, a vegetable oil made from castor beans, did the trick nicely. They called the new product “Castrol.” In 1919 John Alcock and Arthur Brown choose Castrol to lubricate their engine on the first trans-Atlantic flight. Having helped pioneer a new kind of motor oil, CC Wakefield pioneered a new method of getting customers to notice the product: sponsorship. The Castrol name appeared on banners and flags at competitive aviation events, auto races and at attempts to break the land speed record. By 1960, the name of the motor oil had all but eclipsed that of the company’s larger-than-life founder, and so ‘CC Wakefield& Company’ became, simply, Castrol Ltd. In 1966 The Burmah Oil Company bought Castrol and in 2000 Burmah-Castrol was purchased by BP. Business area of the company Castrol India is an India-based company engaged in providing coke and refined petroleum products. The company is involved in manufacturing lubricating oils. Products offered by the company Automotive lubricants Industrial lubricants Marine & energy lubricants
NSE:CASTROLINDLong
by Tradernawab