A member of the BP group, Castrol is a well-known worldwide brand of lubricants and greases that are used in a variety of applications, such as engine oils, fluids, and speciality products for the industrial, marine, and aerospace industries. Castrol India is a significant participant in the Indian lubricant business and a subsidiary of Castrol Limited UK, which is a part of the BP Group. With operations in more than 150 nations, Castrol India is the country’s second-largest producer of industrial and automotive lubricants.

Castrol India Dividend

“The Board at its meeting held on 3 February 2025 has recommended a Final dividend of Rs 9.5 per share (190%) of the face value of Rs 5 each (which includes a Special dividend of Rs 4.5 per share), for the financial year ended 31 December 2024 (2023: Final dividend was Rs 4.50 per share) subject to the approval of shareholders at the ensuing Annual General Meeting of the Company. The Board also declared Interim dividend of Rs 3.50 per share for the financial year ended 31 December 2024 on 30 July 2024 (2023: Interim dividend was Rs 3.00 per share),” said Castrol India in its annual report.

“The dividend payout for the year under review is in accordance with the Company’s policy to pay sustainable dividend linked to long-term growth objectives of the Company to be met by internal cash accruals,” Castrol India said in a regulatory filing.

Castrol India Dividend Dates

“Final dividend on equity shares, if declared at the meeting, will be credited / dispatched on or before 23 April 2025 to those shareholders whose names shall appear in the register of members of the Company as on record date i.e. Tuesday, 18 March 2025. Shareholders holding shares in electronic form are requested to intimate immediately, any change in their address or bank mandates to their Depository Participant(s) with whom they are maintaining their demat accounts,” confirmed Castrol India in the report.

Important Note For Shareholders

“Dividend payments in respect of such folios wherein PAN or KYC details are not available shall only be made electronically, upon registering all the required details. In the event the Company is unable to pay the dividend to any electronic shareholder directly in their bank accounts through Electronic Clearing Service or any other means, the Company shall dispatch the dividend demand draft to such shareholder, as soon as possible,” as per Castrol India.

Castrol India Share Price Target

Mandar Bhojane – Equity Research Analyst at Choice Broking said, “CASTROL is currently trading at ₹242, having recently rebounded from a key support level while maintaining a pattern of higher highs and higher lows on the daily timeframe. The stock has been consolidating within a range of ₹227 to ₹252 for the past four trading sessions and is on the verge of a breakout. If this breakout occurs, it could signal a sustained long-term trend reversal. Previously under selling pressure since mid-August, CASTROL has now recovered nearly 47% from its recent low, suggesting increasing bullish sentiment. This positive outlook is further supported by rising trading volumes, reflecting strong buying interest among investors. Additionally, the stock is trading above its 20-day, 50-day, and 200-day EMAs, further strengthening the bullish bias.”

“A decisive move above the critical resistance level of ₹252 would serve as an ideal entry point for long positions, with an anticipated upside target of ₹275. Traders may also consider entering at the current price of ₹239, with a stop-loss set at ₹225 to effectively manage risk. While the trade setup appears favorable, it is crucial to remain cautious of short-term volatility and adhere to disciplined risk management strategies for successful trade execution,” the analyst further recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.