- Castrol is the manufacturer, distributor and marketer of premium lubricating oils, greases and related services

- Total volumes for CY19 were 4% lower YoY to 204m litres, while realization was 4% higher YoY to Rs.190/litre (highest ever).

- The improvement in realization and gross margin for full-year CY19 was aided by improved product mix and robust cost control, led by process efficiencies and debottlenecking in 3QCY19.

- Personal mobility (+6% YoY) remains a key driver while the commercial vehicle and industrial segments showed negative growth.

- The company entered into strategic partnerships with Ford India, Honda two-wheelers, Jawa Motorcycles and Renault India

- CSTRL has announced various BS-VI products across categories, which will be at a premium for improved quality and will be usable for BS-lV engine

- The stock trades at 17.0x CY20 EPS of Rs.8.7 vs 20x for global peers

Disclaimer: The above report is compiled from information available on public platforms. inChat team advises users to check with certified experts before taking any investment decisions.

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