Breaking News: CASTROL India Ltd:Best Ever Performance
India's no 1 brand in lubricants CASTROL is all set to report HIGHEST EVER yearly PAT and still stock is vailable @ 21% lower than its 52 week high
Performance so far:
9M/Sept15 CY14
Rs/Cr Rs/Cr
PAT 474.40 474.50
Castrol follows Calender Year for its accounting and not Financial Year
Its PAT for 9 month ended September 2015 @ 474 crores is equivalent to PAT of ENTIRE CY14.
We estimate that Castrol should report PAT of 610 crores for Year ended Decemeber 2015. It means Castrol's PAT will JUMP 28% YoY basis. Considering that overall, this earning season has been lacklustre with several big disappointments (even MNCs), Castrol's show of 28% PAT JUMP can be considered spectacular. Moreover our estimated PAT of 610 crores will be HIGHEST EVER in co's history as previous highest profit of Castrol was 508 crores 2 years back. Castrol has been amongst the most investor friendly companies with good track record of dividend and bonus shares.
It offers a good opportunity to buy CASTROL as currently stock is trading at 21% LOWER to its 52 week high price of Rs 518.
Best buy in derivative segment.
BTST TP Rs 428.40
TP Rs 440 Feb expiry
TP Rs 455 March Expiry
India's no 1 brand in lubricants CASTROL is all set to report HIGHEST EVER yearly PAT and still stock is vailable @ 21% lower than its 52 week high
Performance so far:
9M/Sept15 CY14
Rs/Cr Rs/Cr
PAT 474.40 474.50
Castrol follows Calender Year for its accounting and not Financial Year
Its PAT for 9 month ended September 2015 @ 474 crores is equivalent to PAT of ENTIRE CY14.
We estimate that Castrol should report PAT of 610 crores for Year ended Decemeber 2015. It means Castrol's PAT will JUMP 28% YoY basis. Considering that overall, this earning season has been lacklustre with several big disappointments (even MNCs), Castrol's show of 28% PAT JUMP can be considered spectacular. Moreover our estimated PAT of 610 crores will be HIGHEST EVER in co's history as previous highest profit of Castrol was 508 crores 2 years back. Castrol has been amongst the most investor friendly companies with good track record of dividend and bonus shares.
It offers a good opportunity to buy CASTROL as currently stock is trading at 21% LOWER to its 52 week high price of Rs 518.
Best buy in derivative segment.
BTST TP Rs 428.40
TP Rs 440 Feb expiry
TP Rs 455 March Expiry
Kudos for doing such a great job on reporting almost accurate Breaking News!!!!
ReplyDeleteI have a doubt with the Castrol prediction. Going by the estimate of PAT of INR 610 crore, Castrol is going to show PAT of ~INR 137 crore for Dec quarter. Considering the fact that it will be the lowest PAT in CY15 and a meagre 3.8% higher on a YoY comparison, Are you sure that stock price will move upward?