Hold Castrol India, target price Rs 130: ICICI Direct

ICICI Direct has hold call on Castrol India with a target price of Rs 130. The current market price of Castrol India Ltd. is Rs 121.15.

Castrol India Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 11993.11 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-2021.



Financials
For the quarter ended 30-09-2022, the company reported a Standalone Total Income of Rs 1139.78 Crore, down -9.21 % from last quarter Total Income of Rs 1255.38 Crore and up 5.38 % from last year same quarter Total Income of Rs 1081.60 Crore. Company reported net profit after tax of Rs 187.17 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 10.65 per cent, DIIs 16.25 per cent.