CASTROL INDIA (BOM: 500870) Shares
ABOUT CASTROL INDIA
Castrol India Limited an Indian automotive and industrial lubricant manufacturing company.
The company has a history dating back to 1910, when it was first established in order to import automotive lubricants from CC Wakefield & Company.
In 1979 the company was incorporated under the brand Indrol Lubricants and Specialities Pvt Limited.
The company expanded its portfolio in 1990 when it began to manufacture telephone cable jellies, pharmaceuticals jellies and industrial waxes in technical collaboration with Dussek Campbell, U.K.
OVERVIEW OF CASTROL INDIA
Castrol India Limited operates across a number of major market sectors. These include the automotive, industrial, and marine and energy applications in the highly competitive lubricants industry. The company’s customers national oil companies, several international majors, and a large number of local companies.
As such, Castrol India Limited is a leading Indian multinational player and has established a strong position in the retail automotive lubricants sector, the most predominant industry category. The company continues to generate value for its investors through strategic sourcing, leveraging term contracts, and undertaking value improvement initiatives.
The company also maintains extensive focus on service and quality as well as continuous monitoring of costs. As such, the company works on a best value purchase model and a value-based inventory management, keeping a close watch on cash costs and working capital.
VISION & VALUES OF CASTROL INDIA
Safety is a central value of Castrol India Limited’s operational ethos.
To this end, the company continues to accord the highest priority to health and safety of its workforce and of the communities it operates in.
- The company remains fully committed to complying with all applicable laws and regulations and maintains the highest standards of Occupational Health, Safety and Environment.
- As a result, all the company’s manufacturing plants have received awards for its exemplary safety performance and practices.
MARKET PERFORMANCE OF CASTROL INDIA
Castrol India Limited trades on the Bombay Stock Exchange (BSE), where investors can buy shares under the stock symbol BOM: 500870.
Data from the company’s 2018 financial analysis shows that it delivered a Gross Profit growth of 4%, driven by higher volumes. Profit after Tax (PAT) increased by Rs 16.5 crores to Rs 708 crores, mainly due to gross profit growth.
The company recorded consistent revenue and profit growth for the third consecutive year. This was owed largely due to the introduction of new and differentiated products to its portfolio, which contributed significantly to its volume growth during the year.
- Castrol India Limited’s strong performance has allowed investors to buy or sell shares with confidence, providing sound dividends and a solid buy-in for those who choose to purchase shares in 2022 and in the future.
LATEST NEWS CASTROL INDIA
Buy CASTROL INDIA stocks / shares – A Step by Step Guide how to Buy / Purchase CASTROL INDIA Stocks or Shares online.
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy CASTROL INDIA Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CASTROL INDIA STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE CASTROL INDIA STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CASTROL INDIA stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy CASTROL INDIA stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?