BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Open|| Long (1Y)
Motilal Oswal maintains buy on Castrol India
Castrol India (CSTRL) renewed its distribution agreement with Essar Oils for the sale of Castrol lubricants through Essar's retail network. The company launched its new product Castrol Hysol XBB in the industrial lubricant segment.CSTRL's >80% payout policy, RoE/RoCE of around 100% and FCF to PAT conversion at >80% reflect its superior balance sheet and high-quality cash flows, which warrant higher valuation multiples, in our view.