Castrol India is one of the most popular industrial and automotive lubricant manufacturing companies in India. Here is why it might be a good stock investment.
Castrol India Limited is an industrial and automotive lubricant manufacturing company. It is also the largest lubricant manufacturer in the country and specialises in making various oils and corrosion preventives.
Market capitalisation
As of 25 July 2018, Castrol India Limited has a market capitalisation of a little over Rs.16,100 crore.
Castrol India Limited is a subsidiary of Castrol Limited, a British-based industrial and automotive lubricant company with a massive presence in the Indian subcontinent. The company was listed in India in 1979 and has been a mainstay in the country's lubricant industry ever since, enjoying a market share that goes beyond 48%. To serve its end, the company has 5 manufacturing plants which are used to service over 270 distributors, who in turn serve 70,000 retail outlets across the nation.
As per history, Castrol India Limited has been operational in India since before independence, with it first being seen in the market back in 1910. The company was incorporated as Indrol Lubricants and Specialities Pvt. Ltd, in 1979 before listing itself in the BSE three years later in 1982, during which period it was also converted to a public limited company. On 1 November 1980, the company's name was changed to Castrol India Limited and was also manufacturing other products such as pharmaceutical jellies, telephone cable jellies through a collaboration with Dussek Campbell, a UK-based firm.
Omer Dormen
Omer Dormen is the Managing Director of Castrol India Limited Limited and has been in the role since the October of 2015. Prior to this, Mr. Dormen served as the Sales Director for British Petroleum (BP), Castrol's parent company, for the Commonwealth of Independent States, Turkey and Caspian Region from December 2010 to October 2015. Besides these, Mr. Dormen has held various leadership roles at BP, wherein he handled the lubricants business after Castrol merged with BP in Turkey. Omer Dormen is a business degree holder from the University of North London.
SM Datta
SM Dutta is an enterprising and management professional with a cumulative experience of over 22 years in coming up with strategies and implementing them in order to increase growth and and widen their customer base. He was popularly known as the former Chairman of Hindustan Unilever and spearheaded the HUL's initiatives to bring about manifold growth for the company's efforts. Apart from this, Mr. Dutta holds various board and advisory roles for a number of startups and other major enterprises around the world.
R Gopalakrishnan
R Gopalakrishnan serves as an Independent Director for Castrol India Limited. Besides this, he is known for being the Executive Director at Tata Sons Ltd. and holds board positions in other Tata entities such as Tata Power, Tata Technologies, ABP Pvt. Ltd, etc. Mr. Gopalakrishnan comes with a robust educational background including a honorary B.Tech from IIT Kharagpur and Advanced Management diploma from Harvard Business School.
Castrol India Limited Listings in NSE, BSE, and Listings
The equity shares of Castrol India Limited are available for trading on National Stock Exchange of India Limited (NSE) and the Stock Exchange Limited (BSE), Mumbai. The codes for the company's stocks are as follows:
Besides, this Castrol India Limited is part of various stock market indices, they are as follows:
Castrol India Ltd. Technopolis Knowledge Park, Mahakali Caves Road, Andheri (East) Mumbai - 400093 Maharashtra
General Enquiry: +91 22 66984100 Technical Enquiry: 1800 209 8100/+91 22 6783 9800
Southern Regional Office:
Rayala Towers, 5th Floor, 781 - 785, Anna Salai, Chennai 600 002 Tamil Nadu
Phone: +91 33 66264700 Fax: +91 33 2800389
Stock market investments require a lot of research and knowledge. They do not generally offer any tax benefits and are regarded as high-risk investments. Hence,it is crucial to have a diversified portfolio. At Bankbazaar, we encourage our readers to invest on mutual funds.It doesn't require a lot of knowledge and equity linked mutual fund schemes offer tax benefits. Additionally, since mutual funds comprise stocks from multiple companies, they help in building a diversified portfolio.
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