High-Yield Play! Big Dividend Alert of Rs 9.5, Record Date March 18; Is This Stock A Must-Have?

Castrol India Limited is a business that produces and markets lubricants for industrial, automobiles and motorbike applications. It is India's second-largest lubricant company. Castrol India Limited, a prominent lubricant manufacturer with 115 years of experience in India, is a member of the BP Group. Castrol India has three blending facilities and a vast distribution network that reaches more than 150,000 stores across the country.

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). 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," said Castrol India in a stock exchange filing.

"To commemorate Castrol's journey of 125 years globally and celebrate Company's strongest year in India, the board has recommended a final dividend of ₹9.5 per share (face value: ₹5 each) including a special dividend of ₹4.5 per share for the financial year ending 31 December 2024. This is subject to shareholder approval at the 47th Annual General Meeting. This takes the total dividend for 2024 to ₹13/- per share, reflecting the Company's commitment to its shareholders for their continued support over the past four decades," Castrol India said in a release.

Castrol India Dividend Record Date

The Board "Fixed the record date as Tuesday, 18 March 2025 for determining entitlement of members to Final Dividend for the financial year ended 31 December 2024. The dividend, if approved by the Shareholders will be paid on or before Wednesday, 23 April 2025. Fixed the 47th Annual General Meeting on Tuesday, 25 March 2025," Castrol India informed stock exchanges.

Castrol India Financials

For the fourth quarter of 2024, the company released consistent results (Q4CY25). For the way it reports its finances the business uses the calendar year, which runs from January to December. From Rs 241.9 crore in Q4CY24 to Rs 271.4 crore in Q4CY25, the company's net profit increased by 12% year over year. In Q4CY25, the company's sales increased 7.1% year over year to Rs 1,353.9 crore from Rs 1,264 crore in the same quarter the previous year. In comparison to Rs 329.1 crore in the same quarter last year, earnings before interest, tax, depreciation, and amortisation (Ebitda) increased 14% to Rs 375.9 crore. In Q4CY25, the EBITDA margin increased from 26% in Q4CY24 to 27.8%.

Castrol India Share Price Target

Mandar Bhojane - Equity Research Analyst at Choice Broking said, "CASTROL is currently trading at ₹212, having rebounded from a key support level while forming higher highs and higher lows on the daily timeframe. The stock had been under selling pressure since mid-August but has now recovered nearly 36% from its recent low, indicating growing bullish sentiment. This positive outlook is further supported by increasing trading volumes, suggesting strong buying interest. Additionally, CASTROL is trading above its 20-day, 50-day, and 200-day EMAs and has taken support at the 200-week EMA, reinforcing the bullish bias. A decisive move above the critical resistance level of ₹225 would confirm further strength, potentially pushing the stock toward an upside target of ₹260."

"Traders may consider entering at the current price of ₹212, with a stop-loss set at ₹204 to manage risk effectively. While the trade setup appears favorable, it is essential to remain cautious of short-term volatility and adhere to strict risk management strategies. Monitoring price action closely and waiting for a confirmed breakout above ₹225 could provide a more secure entry point for long positions, ensuring better risk-reward dynamics," Mandar Bhojane 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.