Buy Castrol India, target price Rs 160: Motilal Oswal

Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 13847.71 Crore) operating in Petrochemicals sector.

By ETMarkets.com | Updated: Oct 31, 2023, 10.22 AM IST

Promoters held 51.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 10.96 per cent, DIIs 16.46 per cent.

Motilal Oswal has buy call on Castrol India Ltd. with a target price of Rs 160. The current market price of Castrol India Ltd. is Rs 139.65.

Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 13847.71 Crore) operating in Petrochemicals sector.

Castrol India Ltd. key Products/Revenue Segments include Petroleum Products, Other Operating Revenue and Scrap for the year ending 31-Dec-2022.

Financials
For the quarter ended 30-09-2023, the company reported a Standalone Total Income of Rs 1203.15 Crore, down -11.03 % from last quarter Total Income of Rs 1352.31 Crore and up 5.56 % from last year same quarter Total Income of Rs 1139.78 Crore. Company reported net profit after tax of Rs 194.42 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.0 per cent stake in the company as of 30-Sep-2023, while FIIs owned 10.96 per cent, DIIs 16.46 per cent.

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