Castrol India

Motion JVCo Ltd, together with Stonepeak entities, CPP Investment Board Private Holdings and Castrol Ltd, published a detailed public statement on 6 November 2026 for a mandatory open offer for up to 25,71,71,820 fully paid-up shares of Castrol India Ltd, representing 26% of equity capital, at Rs 199.45 per share. The offer was made pursuant to completion on 30 October 2026 of the indirect acquisition of sole control through Castrol Ltd's holding of 50,44,52,416 shares representing 51% of equity. A disclosure filed on 2 November 2026 recorded nil holding before the transaction and promoter status afterwards, with bp holding a 35% non-controlling interest in the acquirer vehicle. Castrol India reported revenue of Rs 5,722 crore for the year to December 2025, with about 85% from automotive aftermarket lubricants and the balance from industrial fluids.

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Castrol India's ultimate control passed to Motion JVCo, a Stonepeak Infrastructure Fund V vehicle, on completion of the 23 December 2025 sale agreement with bp on 30 October 2026. The acquirer took 100% of Castrol Group Holdings, which held 100% of promoter Castrol Ltd, securing indirect sole control over Castrol Ltd's 50,44,52,416 shares representing 51% of Castrol India's voting rights. The acquirer simultaneously allotted 35% of its own equity to BP Motion Holdings, an indirect unit of bp, leaving bp with a non-controlling interest. The transaction covered bp's sale of 65% of its global lubricants business at an enterprise value of about $10 billion, with licensing across more than 50 countries progressing well. Revenue was Rs 5,722 crore in the year to December, while the September quarter margin was about 15.1% against a 21-24% framework and the nine-month margin was 21.1%. Industrial fluids contributed about 15% of revenue and continued to grow at high double-digit rates.

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** Shares of Castrol India CAST.NS climb 2.9% at 192.49 rupees

** The engine oil maker's first-quarter profit climbs ~43% Y/Y, revenue up 25% Y/Y

** CAST's brands in the personal mobility segment grew faster than the rest of the business, reflecting increasing consumer preference for high-performance lubricants

** Avg rating of five analysts on stock at "buy"; median PT is 215 rupees, according to LSEG-compiled data

** YTD, Castrol stock up 3.9%

(Reporting by Kashish Tandon in Bengaluru)

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Aug 4 (Reuters) - Engine oil maker Castrol India CAST.NS posted a 42.6% rise in its quarterly profit on Tuesday, helped by strong volume growth across its consumer, industrial and institutional businesses.

Here are some more details:

• The company supplies lubricants to major automakers, including Maruti Suzuki MRTI.NS and Hero MotoCorp HROM.NS.

• Castrol India's brands in the personal mobility segment grew faster than the rest of the business, reflecting increasing consumer preference for high-performance lubricants, said Managing Director Saugata Basuray.

• Its standalone profit after tax rose to 3.48 billion rupees ($36.5 million) in the quarter ended June 30, from 2.44 billion rupees a year earlier.

• EBITDA rose 41% year-on-year to 4.94 billion rupees.

• Revenue from operations increased about 25% year-on-year to 18.71 billion rupees.

• Total expenses rose 19.7% as raw material and packing material costs increased.

• Volatility in the crude oil market triggered by the Middle East conflict kept base oil prices elevated during the quarter, raising input costs for lubricant makers.

• Inflationary pressures and uneven monsoon conditions could influence demand in the second half of the year, Basuray said.

  
  

($1 = 95.3825 Indian rupees)

(Reporting by Payel Das; Editing by Eileen Soreng and Mrigank Dhaniwala)

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June 29 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA LTD - TATA MOTORS AND CASTROL INDIA COLLABORATE

Source text: [ID:]

Further company coverage: CAST.NS

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April 28 (Reuters) - Castrol India Ltd CAST.NS:

• Q1 PAT 2.42 BILLION RUPEES

• Q1 REVENUE FROM OPERATIONS 15.45 BILLION RUPEES

Source text: [ID:]

Further company coverage: CAST.NS

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April 9 (Reuters) - Castrol India Ltd CAST.NS:

• UPGRADES FLAGSHIP TWO- AND FOUR-WHEELER PRODUCTS TO FULL SYNTHETIC

Source text: ID:nBSE77M3GS

Further company coverage: CAST.NS

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Feb 3 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA LTD - DIVIDEND OF 5.25 RUPEES PER SHARE

• CASTROL INDIA DEC-QUARTER PAT 2.45 BILLION RUPEES

• CASTROL INDIA LTD DEC-QUARTER REVENUE FROM OPERATIONS 14.40 BILLION RUPEES

Source text: ID:nBSE6G7GYm

Further company coverage: CAST.NS

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Jan 27 (Reuters) - Castrol India Ltd CAST.NS:

• HPCL AND CASTROL INDIA SIGN MOU FOR RRBO ECOSYSTEM

• HPCL AND CASTROL TO EVALUATE USED OIL RE-REFINING MODEL

Source text: ID:nBSE3LTQVS

Further company coverage: CAST.NS

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Nov 4 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA SEPT-QUARTER PAT 2.28 BILLION RUPEES

• CASTROL INDIA LTD SEPT-QUARTER REVENUE FROM OPERATIONS 13.63 BILLION RUPEES

Further company coverage: CAST.NS

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July 7 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA LTD - APPOINTMENT OF MRINALINI SRINIVASAN AS CHIEF FINANCIAL OFFICER

• CASTROL INDIA LTD - VISHAL THAKKAR SHALL CEASE TO BE INTERIM CFO

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Further company coverage: CAST.NS

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** Industrial and automotive lubricant maker Castrol India CAST.NS rises 6.4% to 219.8 rupees

** Energy major BP Plc's BP.L global Castrol lubricants unit is attracting interest from multiple bidders, Bloomberg News reported on Wednesday

** Castrol India is owned by the BP Group through the larger Castrol lubricants business

** Bidders could consider all or parts of the business; India's Reliance Industries RELI.NS among those interested - report

** Buyout firms Apollo Global Management APO.N and Lone Star Funds, and asset managers Stonepeak Partners and Brookfield Asset Management BAM.TO, also interested - report

** Oil major Saudi Aramco 2222.SE considering a potential bid as well, Reuters reported in March

** BP, Apollo Global and Lone Star declined to comment

** Reliance did not respond immediately to a Reuters request for comment

** With session's gains, CAST up ~17% in the last 12 months

(Reporting by Ananta Agarwal in Bengaluru)

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** Castrol India CAST.NS jumps 10.9% to 246.60 rupees; set to gain for fourth straight session

** Saudi Aramco 2222.SE in early stages of considering potential bid for BP's BP.L lubricant business Castrol, Reuters reports

** BP holds 51% stake in CAST

** Around 54.6 mln shares traded, ~7x the 30-day average

** CAST gains ~25% YTD

(Reporting by Vijay Malkar)

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** India's Nifty Energy index .NIFTYENR and Nifty Oil & Gas .NIFOILGAS trade down 1.1% and 1.3%, respectively

** Both have dropped 5.7% and 4.9%, respectively, in the past four sessions amid a broader sell-off in markets, with the benchmark Nifty 50 .NSEI down 2.6% during the same period .BO

** Heavyweights Reliance Industries RELI.NS and ONGC ONGC.NS down 3.4% and 8.7%, respectively, during the period

** Concerns over global trade war after U.S. President Donald Trump said on Sunday he would impose reciprocal tariffs on several nations continue to rattle Indian stocks

** Oil India OILI.NS has dropped ~3% since February 10 on missing Q3 profit estimates; Gujarat Gas GGAS.NS down 13% since February 6 after lower Q3 results and as analysts flagged headwinds

** Eleven of 13-major sectoral indexes are trading in red on the day

** Year-to-date, NIFTYENR, NIFOILGAS, NSEI have lost 11.5%, 7% and 3%, respectively

(Reporting by Manvi Pant in Bengaluru)

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** Shares of Castrol India CAST.NS jump 7% to seven-week high of 207.90 rupees

** Stock up 18% in 3 days after co posts 12% increase in Q3 net profit on Monday on the back of steady demand

** Kotak Institutional Equities double upgraded CAST to "add" from "sell" after the results

** Says stock "no longer expensive" after correction from August peak

** IDBI Capital upgraded stock to "buy" from "hold", highlighting company's aim to outpace industry growth, attractive valuations

** CAST currently down 27% from record high of 284 rupees hit on August 27

** Analysts average rating on stock "buy"; median PT 235 rupees - LSEG data

(Reporting by Vivek Kumar M)

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** Castrol India CAST.NS soars 8% to 190 rupees; set for biggest one-day pct gain since July 24, 2024

** Engine oil maker, 51% owned by British oil major BP BP.L, posts 12% y/y rise in Q4 PAT; rev from ops up 7.1%

** Says steady demand for products buoyed by new launches aided in profit rise; campaigns enhanced brand visibility, reach

** More than 4.1 mln shares traded, 1.8x the 30-day avg

** Stock gained ~10% in 2024

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 3 (Reuters) - Castrol India Ltd CAST.NS:

• Q4 PAT 2.71 BILLION RUPEES

• DIVIDEND 9.5 RUPEES PER SHARE

• Q4 REVENUE FROM OPERATIONS 13.54 BILLION RUPEES

• DIVIDEND INCLUDES SPECIAL DIVIDEND OF 4.5 RUPEES PER SHARE

Source text: ID:nBSE2cx10c

Further company coverage: CAST.NS

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Nov 29 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA ENTERED AMENDED AGREEMENT INVOLVING KI MOBILITY SOLUTIONS

Further company coverage: CAST.NS

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Oct 30 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA - CASTROL INDIA APPOINTS KEDAR LELE AS MANAGING DIRECTOR

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Oct 24 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA SEPT-QUARTER PAT 2.07 BILLION RUPEES

• CASTROL INDIA SEPT-QUARTER REVENUE FROM OPERATIONS 12.88 BILLION RUPEES

Source text for Eikon: [ID:]

Further company coverage: CAST.NS

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** Shares of Gulf Oil Lubricants India Ltd GOLU.NS up 8.4% at 1,168.3

** GOLU on Tuesday said Q1 profit rose 26.5%, helped by strong sales volume growth

** Over 712,000 traded, 1.6x 30-day avg volume

** Stock extends YTD gains to ~62%, beating rival Castrol India's CAST.NS 41% rise this year

(Reporting by Nandan Mandayam in Bengaluru)

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July 30 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA - DIVIDEND 3.5 RUPEES PER SHARE

• CASTROL INDIA - APPOINTMENT OF RAKESH MAKHIJA AS CHAIRMAN

Further company coverage: CAST.NS

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** Castrol India's CAST.NS shares rise as much as 4.6% to 209.2 rupees, their biggest intraday pct gain since April 9

** Shares last up 2.46%

** Lubricant co appointed Kedar Lele as MD for 5 years, effective Nov. 1, 2024

** CAST trading above key 50-, 100-, 200- day moving avgs for first time since April 30

** Stock up 14% YTD, following a 45% surge in 2023

(Reporting by Aleef Jahan in Bengaluru)

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June 11 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA LTD - SANDEEP SANGWAN WILL RELINQUISH HIS OFFICE AS MD

• CASTROL INDIA LTD - APPOINTED KEDAR LELE AS MD

Source text for Eikon: ID:nBSE2gDsK2

Further company coverage: CAST.NS

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BENGALURU, April 30 (Reuters) - Engine oil maker Castrol India CAST.NS reported a 6.8% rise in first-quarter profit on Tuesday, boosted by new product launches and resilient demand for its automobile lubrication products.

The company, in which oil major BP BP.L has a 51% stake, said profit after tax rose to 2.16 billion rupees (nearly $26 million) in the January-March quarter, from 2.03 billion rupees a year ago.

A significant rise in sales of two-wheelers and passenger vehicles during the quarter along with steady demand from existing vehicles benefited Castrol, which derives more than 80% of its revenue from automobile lubricants.

The company, which also manufactures industrial lubricants like turbine oils, said in a statement that the launch of new products significantly expanded its market share across segments.

Revenue from operations grew 2.4% to 13.25 billion rupees, despite soft consumer demand initially in the quarter, Managing Director Sandeep Sangwan said.

Total expenses grew 2.9%, as compared to a roughly 9% growth a year earlier, while the cost of raw materials and packing materials stayed flat in the quarter.

Castrol India's shares closed 0.6% down ahead of its results. They have risen 17.3% so far this year, while those of smaller peer Gulf Oil Lubricants India Ltd GOLU.NS have jumped 43.2%.

($1 = 83.3980 Indian rupees)

(Reporting by Meenakshi Maidas in Bengaluru; Editing by Savio D'Souza)

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** Shares of lubricants-maker Castrol India CAST.NS up 3.4% at 205.4 rupees, easing from session-high jump of 4.9%

** Co's diversification plans, strategy shift - announced in an analyst call - to aid growth, brokerages note

** Motilal Oswal says expansion beyond lubricants to help co achieve growth targets, oil change services at Jio-BP stations to enhance market reach

** Motilal hikes PT to 230 rupees from 160 rupees but retains "buy"

** Kotak Institutional Equities says co's focus shifts to volume-led growth, flags medium-term woes from vehicular electrification

** Kotak says recent run-up provides opportunity to exit, retains "sell" with PT 180 rupees

** CAST eyes fourth straight month of gains

** YTD stock had risen more than 14% compared with a near-46% increase in 2023 - its second straight year of rise

(Reporting by Hritam Mukherjee in Bengaluru)

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** Shares of Castrol India CAST.NS rise as much as 5.6% to 200.3 rupees, their highest since May 2, 2018

** Engine oil maker said on Thursday its Q4 PAT rose 25% Y/Y, rev from ops up 7.5%

** Cites higher demand for its automobile lubrication products

** CAST trading above its 200-day simple moving avg since June

** Five analysts covering the stock on avg have a "buy" rating; stock currently trading at a 25% premium to median PT of 159 rupees - LSEG data

** Stock up 9.4% in Jan.; gained ~30% in Dec-qtr, its best quarterly gain since July-Sept, 2014

(Reporting by Ashna Teresa Britto in Bengaluru)

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Feb 1 (Reuters) - Castrol India Ltd CAST.NS:

• CASTROL INDIA DEC-QUARTER PAT 2.42 BILLION RUPEES VERSUS 1.93 BILLION RUPEES

• CASTROL INDIA DEC-QUARTER REVENUE FROM OPERATIONS 12.64 BILLION RUPEES VERSUS 11.76 BILLION RUPEES

• CASTROL INDIA LTD - FINAL DIVIDEND OF 4.50 RUPEES PER SHARE

Source text for Eikon: [ID:]

Further company coverage: CAST.NS

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** Shares of engine oil maker Castrol India CAST.NS rise as much as 5.9% to their highest since April 2019

** CAST set for its best month since April 2020 and best quarterly rise since June 2020

** Reuters could not immediately ascertain a reason for the stock move

** Trading volume more than thrice its 30-day moving avg

** Stock currently trading ~13% above its median PT of 150 rupees - LSEG

** CAST last up 4.6%, on track for third consecutive session of gains, if trend holds

** Avg rating of five analysts on CAST at "buy" - LSEG

** Including session's move, stock up ~38% YTD

(Reporting by Kashish Tandon in Bengaluru)

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Dec 19 (Reuters) - Castrol India Ltd CAST.NS:

• RECEIVED ORDER DISALLOWING SERVICE TAX CREDIT AVAILED ON SEVERAL SERVICES

• EXPECTED FINANCIAL IMPLICATIONS AT 819.9 MILLION RUPEES

• AN APPEAL IS FILED AGAINST THE ORDER

Source text for Eikon: ID:nBSEbwPJ4k

Further company coverage: CAST.NS

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