Is Castrol India a good stock?

Is Castrol India a good stock?

Sharekhan is bullish on Castrol India has recommended buy rating on the stock with a target price of Rs 172 in its research report dated February 08, 2022.

Why Castrol share is falling?

The institutional brokerage broke down the reasons for the stock’s derating to 20-25 times forward priceto-earnings ratio from 40-45 times earlier to two factors — skewed price value proposition and market concerns about disruption from electric vehicles.

Is Castrol undervalued in India?

CASTROLIND is one of the potential top 20% undervalued companies !

Is Castrol good for long term?

In fact, if the company enhances the dividend, the yield would be pretty good. For the quarter ending Dec 31, 2021, Castrol India performed reasonable well, with revenues of Rs 1090 crores and net profits of Rs 188 crores. The EPS for the quarter ending Dec 2021 was placed at Rs 1.91.

Should I buy Castrol shares?

Castrol India The company is also offering a good dividend yield of 4.85% at the current market price of Rs 113. The stock is also available at a price to earnings ratio of just 15 times one year forward earnings. Being a multinational, the company deserves a better discounting.

Is Castrol a good buy for long term?

Is Castrol share a good buy?

It is the perfect candidate of a value play with a return ratio of 47-50% and dividend payout policy of >75% (translating into a dividend yield of ~5%), the brokerage said. On a one-year forward P/E basis, the stock trades at a ~47% discount to its LT P/E average of 26.2x.

Does Castrol have a future?

In March 2021, Castrol announced its global Path 360º strategy to help deliver a more sustainable future. The strategy sets out aims for 2030 to save waste, reduce carbon footprint in production and operations and improve lives.

Which company gives maximum bonus?

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Is Castrol a good company to invest?