Buy Castrol India, target price Rs 230: Motilal Oswal

Motilal Oswal has buy call on Castrol India with a target price of Rs 230. The current market price of Castrol India Ltd. is Rs 207.

Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 20509.45 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 31-12-2023, the company reported a Standalone Total Income of Rs 1286.31 Crore, up 6.91 % from last quarter Total Income of Rs 1203.15 Crore and up 7.58 % from last year same quarter Total Income of Rs 1195.65 Crore. Company reported net profit after tax of Rs 241.94 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.0 per cent stake in the company as of 31-Dec-2023, while FIIs owned 10.38 per cent, DIIs 15.87 per cent.