Castrol India Shares Surge 5.38%, Reports 12% PAT Growth and ₹9.5 Dividend: Analysts Set ₹235 Target

Castrol India’s stock surged 5.38% to ₹204.60, with analysts targeting ₹235. The company reported a 12% PAT growth in Q4 2024, totaling ₹271 crore, and proposed a final ₹9.5 dividend per share. Castrol achieved record annual revenue of ₹5,365 crore, driven by strong product innovations and market expansion.

CONTENTS:

• Castrol India Stock Surges 5.38%: Analysts Recommend ‘Buy’ with ₹235 Target
• Castrol India Declares ₹9.5 Final Dividend; Q3 PAT Up 12%, Stock Shows Signs of Recovery
• Castrol India Reports 12% PAT Growth in Q4; Declares ₹9.5 Dividend, Focuses on Expansion and Profitability
• Castrol India Reports Strong Q4 with 12% PAT Growth, Record Annual Revenue and Dividend Announcement

Castrol India Shares Surge 5.38%, Reports 12% PAT Growth and ₹9.5 Dividend: Analysts Set ₹235 Target

Castrol India Stock Surges 5.38%: Analysts Recommend ‘Buy’ with ₹235 Target

As of today, February 6, 2025, Castrol India’s stock has seen a notable rise. The price increased by 5.38%, reaching ₹204.60, up from ₹194.15. The stock has been trading at a higher volume—surging by 538.21% compared to yesterday, which could signal a strong bullish trend. The current resistance levels are at ₹206.85, with support at ₹203.1.

In comparison to its peers, Castrol India’s performance stands out, with stocks like Petronet LNG and Chennai Petroleum Corporation showing declines. Analysts have rated Castrol India with a “Buy” recommendation, and the median target price for the next year is ₹235.

The stock price has recently surpassed key resistance points, suggesting a potential for further upward movement if it breaks through the next resistance at ₹207.69. Keep an eye on the stock for any signs of reversal or continuation of this positive trend.

Castrol India Declares ₹9.5 Final Dividend; Q3 PAT Up 12%, Stock Shows Signs of Recovery

Castrol India Ltd., a subsidiary of BP, has declared a final dividend of ₹9.5 per share, including a special dividend of ₹4.5 per share, for the financial year ending December 31, 2024. This dividend is subject to shareholder approval at the 47th Annual General Meeting and, if approved, will be paid by April 23, 2025. The record date for entitlement to this dividend is March 18, 2025.

For Q3 2024, Castrol India saw a 12% increase in its profit after tax (PAT), which rose to ₹271 crore, compared to ₹242 crore in the same period in 2023. The company also reported a 7% growth in revenue from operations for the December quarter, reaching ₹1,354 crore. In total, Castrol India’s revenue for 2024 was ₹5,365 crore, marking a 6% rise over 2023. The PAT for the year grew by 7%, reaching ₹927 crore.

Despite a recent downtrend in stock performance, analysts suggest that Castrol India’s stock is showing signs of stabilization and potential reversal. The stock is currently trading around ₹188, with immediate resistance at ₹205 and a stronger level at ₹225. A breakout above the 50-day Exponential Moving Average (EMA) could signal a recovery, with a short-term target of ₹220. Traders are advised to watch for sustained price action above key resistance levels and manage risk with a stop-loss at ₹175. The Relative Strength Index (RSI) currently reflects positive buying momentum.

Castrol India Reports 12% PAT Growth in Q4; Declares ₹9.5 Dividend, Focuses on Expansion and Profitability

Castrol India shares saw a significant jump on February 4, 2025, following the announcement of its financial results for the quarter ending December 31, 2024. Along with the results, the company’s board recommended a final dividend of ₹9.5 per share (including a special dividend of ₹4.5 per share) for the financial year. The record date to determine dividend entitlement is set for March 18, 2025, and if approved by shareholders, the dividend will be paid by April 23, 2025.

For Q4 2024, Castrol India reported a 12% increase in profit after tax (PAT), reaching ₹271 crore, compared to ₹242 crore in the same period in 2023. The company’s revenue grew by 7%, reaching ₹1,354 crore.

Despite a 25% decline in stock value over the past six months, Castrol India remains focused on maintaining growth and profitability, even in a volatile geopolitical environment. The company’s efforts to optimize costs and improve operational efficiency have strengthened its margins. Additionally, it continues to expand its presence, especially in rural India, with over 36,000 workshops and stores.

Castrol India, a subsidiary of Castrol Limited, produces a range of lubricants under brands like Castrol Activ, Castrol CRB, Castrol Edge, and Castrol Power1. The company plans to relaunch its major brand, ACTIV, in the first quarter of 2025, focusing on high-quality products and services for the automotive and industrial sectors.

Castrol India Reports Strong Q4 with 12% PAT Growth, Record Annual Revenue and Dividend Announcement

Castrol India Ltd. reported a strong fourth-quarter performance for 2024, with a 12% increase in profit after tax (PAT), reaching ₹271 crore, compared to ₹242 crore in the same period the previous year. The company also saw a 7% rise in revenue from operations, which stood at ₹1,354 crore.

This solid quarterly performance contributed to a record-high annual revenue of ₹5,365 crore for 2024, marking a 6% increase over ₹5,075 crore in 2023. PAT for the year grew by 7%, reaching ₹927 crore, while profit before tax (PBT) increased by 6% to ₹1,258 crore.

As part of its 125th anniversary celebrations, Castrol’s board proposed a final dividend of ₹9.5 per share (including a special ₹4.5 per share dividend), bringing the total dividend for the year to ₹13 per share.

Managing Director Kedar Lele attributed the company’s success to innovative product developments and expanded market presence, particularly in rural India, where Castrol now reaches over 36,000 workshops and stores. Notable product launches included new variants of Castrol EDGE for SUVs, hybrids, and European vehicles, as well as the premium CRB TURBOMAX+ CK4 truck lubricant. The company also expanded its Auto Care range and introduced rust-preventive solutions.

Chief Financial Officer Deepesh Baxi highlighted the company’s efforts to maintain profitability through cost optimization, operational efficiency, and strategic pricing, despite challenging market conditions. Castrol also focused on sustainability, increasing its recycled content in HDPE plastic bottles to 50% and reducing CO2 emissions by 45% through solar power projects at its Silvassa plant.

Looking ahead, Castrol plans to continue strengthening its rural footprint, introducing innovative service offerings, and making products more accessible to sustain its leadership position in the industry.