As part of our Wealth Creator Series , today we look at Castrol India. This is one of the 39 stocks that were short-listed that passed through our stringent stock screen filters.
Castrol India Ltd (CIL), the second-largest player in the Indian lubrication industry, has made its way from a modest 6 per cent market share in 1993 to a commanding 20 per cent now. With majority stake held by BP, CIL has held its own despite fierce pressure from PSUs such as HPCL, BPCL and IOCL. Concern: Competitive nature of the industry and new generation trucks which need less-frequent refills.