Castrol India

Symbol Series Date Stocks Price Nifty50 Price

CASTROLIND EQ 1-Apr-20 100.95 8253.8 Return Stock Return Nifty
CASTROLIND EQ 3-Apr-20 102.2 8083.8 0.012 -0.02
CASTROLIND EQ 7-Apr-20 106.65 8792.2 0.044 0.09
CASTROLIND EQ 8-Apr-20 112.95 8748.75 0.059 0
CASTROLIND EQ 9-Apr-20 116.05 9111.9 0.027 0.04
CASTROLIND EQ 13-Apr-20 109.8 8993.85 -0.054 -0.01
CASTROLIND EQ 15-Apr-20 113.2 8925.3 0.031 -0.01
CASTROLIND EQ 16-Apr-20 116.15 8992.8 0.026 0.01
CASTROLIND EQ 17-Apr-20 115.45 9266.75 -0.006 0.03
CASTROLIND EQ 20-Apr-20 118 9261.85 0.022 0
CASTROLIND EQ 21-Apr-20 117.8 8981.45 -0.002 -0.03
CASTROLIND EQ 22-Apr-20 117.05 9187.3 -0.006 0.02
CASTROLIND EQ 23-Apr-20 124.75 9313.9 0.066 0.01
CASTROLIND EQ 24-Apr-20 120.7 9154.4 -0.032 -0.02
CASTROLIND EQ 27-Apr-20 121.95 9282.3 0.01 0.01
CASTROLIND EQ 28-Apr-20 122.05 9380.9 0.001 0.01
CASTROLIND EQ 29-Apr-20 128.15 9553.35 0.05 0.02
CASTROLIND EQ 30-Apr-20 129.7 9859.9 0.012 0.03
CASTROLIND EQ 4-May-20 124.95 9293.5 -0.037 -0.06
CASTROLIND EQ 5-May-20 119.55 9205.6 -0.043 -0.01
CASTROLIND EQ 6-May-20 118.9 9270.9 -0.005 0.01
CASTROLIND EQ 7-May-20 123.25 9199.05 0.037 -0.01
CASTROLIND EQ 8-May-20 125.65 9251.5 0.019 0.01
CASTROLIND EQ 11-May-20 119.65 9239.2 -0.048 0
CASTROLIND EQ 12-May-20 121.35 9196.55 0.014 0
CASTROLIND EQ 13-May-20 121.65 9383.55 0.002 0.02
CASTROLIND EQ 14-May-20 120.55 9142.75 -0.009 -0.03
CASTROLIND EQ 15-May-20 118.75 9136.85 -0.015 0
CASTROLIND EQ 18-May-20 109.95 8823.25 -0.074 -0.03
CASTROLIND EQ 19-May-20 108.55 8879.1 -0.013 0.01
CASTROLIND EQ 20-May-20 107.65 9066.55 -0.008 0.02
CASTROLIND EQ 21-May-20 110 9106.25 0.022 0
CASTROLIND EQ 22-May-20 111.45 9039.25 0.013 -0.01
CASTROLIND EQ 26-May-20 114.75 9029.05 0.03 0
CASTROLIND EQ 27-May-20 113 9314.95 -0.015 0.03
CASTROLIND EQ 28-May-20 113.9 9490.1 0.008 0.02
CASTROLIND EQ 29-May-20 115.55 9580.3 0.014 0.01
CASTROLIND EQ 1-Jun-20 117.9 9826.15 0.02 0.03
CASTROLIND EQ 2-Jun-20 124.45 9979.1 0.056 0.02
CASTROLIND EQ 3-Jun-20 124.05 10061.55 -0.003 0.01
CASTROLIND EQ 4-Jun-20 122.8 10029.1 -0.01 0
CASTROLIND EQ 5-Jun-20 123.05 10142.15 0.002 0.01
CASTROLIND EQ 8-Jun-20 125.1 10167.45 0.017 0
CASTROLIND EQ 9-Jun-20 126 10046.65 0.007 -0.01
CASTROLIND EQ 10-Jun-20 126.6 10116.15 0.005 0.01
CASTROLIND EQ 11-Jun-20 124.1 9902 -0.02 -0.02
CASTROLIND EQ 12-Jun-20 121.9 9972.9 -0.018 0.01
CASTROLIND EQ 15-Jun-20 118.3 9813.7 -0.03 -0.02
CASTROLIND EQ 16-Jun-20 117.2 9914 -0.009 0.01
CASTROLIND EQ 17-Jun-20 117.95 9881.15 0.006 0
CASTROLIND EQ 18-Jun-20 118.6 10091.65 0.006 0.02
CASTROLIND EQ 19-Jun-20 118.9 10244.4 0.003 0.02
CASTROLIND EQ 22-Jun-20 126.05 10311.2 0.06 0.01
CASTROLIND EQ 23-Jun-20 127.05 10471 0.008 0.02
CASTROLIND EQ 24-Jun-20 126.45 10305.3 -0.005 -0.02
CASTROLIND EQ 25-Jun-20 129.05 10288.9 0.021 0
CASTROLIND EQ 26-Jun-20 128.3 10383 -0.006 0.01
CASTROLIND EQ 29-Jun-20 122.95 10312.4 -0.042 -0.01
CASTROLIND EQ 30-Jun-20 125.7 10302.1 0.022 0
CASTROLIND EQ 1-Jul-20 123.3 10430.05 -0.019 0.01
CASTROLIND EQ 2-Jul-20 123.85 10551.7 0.004 0.01
CASTROLIND EQ 3-Jul-20 121.15 10607.35 -0.022 0.01
CASTROLIND EQ 6-Jul-20 124.35 10763.65 0.026 0.01
CASTROLIND EQ 7-Jul-20 125.65 10799.65 0.01 0
CASTROLIND EQ 8-Jul-20 125.05 10705.75 -0.005 -0.01
CASTROLIND EQ 9-Jul-20 121.95 10813.45 -0.025 0.01
CASTROLIND EQ 10-Jul-20 122.65 10768.05 0.006 0
CASTROLIND EQ 13-Jul-20 121.95 10802.7 -0.006 0
CASTROLIND EQ 14-Jul-20 122.6 10607.35 0.005 -0.02
CASTROLIND EQ 15-Jul-20 120.6 10618.2 -0.016 0
CASTROLIND EQ 16-Jul-20 119.95 10739.95 -0.005 0.01
CASTROLIND EQ 17-Jul-20 117.9 10901.7 -0.017 0.02
CASTROLIND EQ 20-Jul-20 117.3 11022.2 -0.005 0.01
CASTROLIND EQ 21-Jul-20 117.3 11162.25 0 0.01
CASTROLIND EQ 22-Jul-20 115.15 11132.6 -0.018 0
CASTROLIND EQ 23-Jul-20 115.95 11215.45 0.007 0.01
CASTROLIND EQ 24-Jul-20 114.7 11194.15 -0.011 0
CASTROLIND EQ 27-Jul-20 111.9 11131.8 -0.024 -0.01
CASTROLIND EQ 28-Jul-20 112.95 11300.55 0.009 0.02
CASTROLIND EQ 29-Jul-20 115.95 11202.85 0.027 -0.01
CASTROLIND EQ 30-Jul-20 115.7 11102.15 -0.002 -0.01
CASTROLIND EQ 31-Jul-20 113.45 11073.45 -0.019 0
CASTROLIND EQ 3-Aug-20 113.45 10891.6 0 -0.02
CASTROLIND EQ 4-Aug-20 114.9 11095.25 0.013 0.02
CASTROLIND EQ 5-Aug-20 116.65 11101.65 0.015 0
CASTROLIND EQ 6-Aug-20 118.95 11200.15 0.02 0.01
CASTROLIND EQ 7-Aug-20 121.45 11214.05 0.021 0
CASTROLIND EQ 10-Aug-20 122.05 11270.15 0.005 0.01
CASTROLIND EQ 11-Aug-20 121.1 11322.5 -0.008 0
CASTROLIND EQ 12-Aug-20 120.35 11308.4 -0.006 0
CASTROLIND EQ 13-Aug-20 121.75 11300.45 0.012 0
CASTROLIND EQ 14-Aug-20 122.05 11178.4 0.002 -0.01
CASTROLIND EQ 17-Aug-20 122.05 11247.1 0 0.01
CASTROLIND EQ 18-Aug-20 122.85 11385.35 0.007 0.01
CASTROLIND EQ 19-Aug-20 123.2 11408.4 0.003 0
CASTROLIND EQ 20-Aug-20 123.05 11312.2 -0.001 -0.01
CASTROLIND EQ 21-Aug-20 123.2 11371.6 0.001 0.01
CASTROLIND EQ 24-Aug-20 124.55 11466.45 0.011 0.01
CASTROLIND EQ 25-Aug-20 122.9 11472.25 -0.013 0
CASTROLIND EQ 26-Aug-20 122.7 11549.6 -0.002 0.01
CASTROLIND EQ 27-Aug-20 122.6 11559.25 -0.001 0
CASTROLIND EQ 28-Aug-20 122.4 11647.6 -0.002 0.01
CASTROLIND EQ 31-Aug-20 119.9 11387.5 -0.02 -0.02
CASTROLIND EQ 1-Sep-20 116.85 11470.25 -0.025 0.01
CASTROLIND EQ 2-Sep-20 120.3 11535 0.03 0.01
CASTROLIND EQ 3-Sep-20 121.35 11527.45 0.009 0
CASTROLIND EQ 4-Sep-20 120.25 11333.85 -0.009 -0.02
CASTROLIND EQ 7-Sep-20 118.65 11355.05 -0.013 0
CASTROLIND EQ 8-Sep-20 119.65 11317.35 0.008 0
CASTROLIND EQ 9-Sep-20 119.85 11278 0.002 0
CASTROLIND EQ 10-Sep-20 118.85 11449.25 -0.008 0.02
CASTROLIND EQ 11-Sep-20 119.85 11464.45 0.008 0
CASTROLIND EQ 14-Sep-20 120.2 11440.05 0.003 0
CASTROLIND EQ 15-Sep-20 120.15 11521.8 0 0.01
CASTROLIND EQ 16-Sep-20 117.7 11604.55 -0.02 0.01
CASTROLIND EQ 17-Sep-20 118.6 11516.1 0.008 -0.01
CASTROLIND EQ 18-Sep-20 119.15 11504.95 0.005 0
CASTROLIND EQ 21-Sep-20 115.1 11250.55 -0.034 -0.02
CASTROLIND EQ 22-Sep-20 111.9 11153.65 -0.028 -0.01
CASTROLIND EQ 23-Sep-20 111.45 11131.85 -0.004 0
CASTROLIND EQ 24-Sep-20 107.85 10805.55 -0.032 -0.03
CASTROLIND EQ 25-Sep-20 109.85 11050.25 0.019 0.02
CASTROLIND EQ 28-Sep-20 109.5 11227.55 -0.003 0.02
CASTROLIND EQ 29-Sep-20 109.85 11222.4 0.003 0
CASTROLIND EQ 30-Sep-20 109.35 11247.55 -0.005 0
CASTROLIND EQ 1-Oct-20 109.9 11416.95 0.005 0.02
CASTROLIND EQ 5-Oct-20 110.45 11503.35 0.005 0.01
CASTROLIND EQ 6-Oct-20 111.85 11662.4 0.013 0.01
CASTROLIND EQ 7-Oct-20 110.65 11738.85 -0.011 0.01
CASTROLIND EQ 8-Oct-20 110.75 11834.6 0.001 0.01
CASTROLIND EQ 9-Oct-20 110.65 11914.2 -0.001 0.01
CASTROLIND EQ 12-Oct-20 109.2 11930.95 -0.013 0
CASTROLIND EQ 13-Oct-20 107.2 11934.5 -0.018 0
CASTROLIND EQ 14-Oct-20 105.8 11971.05 -0.013 0
CASTROLIND EQ 15-Oct-20 104.3 11680.35 -0.014 -0.02
CASTROLIND EQ 16-Oct-20 107.05 11762.45 0.026 0.01
CASTROLIND EQ 19-Oct-20 111.6 11873.05 0.043 0.01
CASTROLIND EQ 20-Oct-20 111.6 11896.8 0 0
CASTROLIND EQ 21-Oct-20 111.95 11937.65 0.003 0
CASTROLIND EQ 22-Oct-20 111.6 11896.45 -0.003 0
CASTROLIND EQ 23-Oct-20 109.85 11930.35 -0.016 0
CASTROLIND EQ 26-Oct-20 109.6 11767.75 -0.002 -0.01
CASTROLIND EQ 27-Oct-20 108.7 11889.4 -0.008 0.01
CASTROLIND EQ 28-Oct-20 116.05 11729.6 0.068 -0.01
CASTROLIND EQ 29-Oct-20 114.75 11670.8 -0.011 -0.01
CASTROLIND EQ 30-Oct-20 114 11642.4 -0.007 0
CASTROLIND EQ 2-Nov-20 111.35 11669.15 -0.023 0
CASTROLIND EQ 3-Nov-20 111.95 11813.5 0.005 0.01
CASTROLIND EQ 4-Nov-20 112.95 11908.5 0.009 0.01
CASTROLIND EQ 5-Nov-20 110.9 12120.3 -0.018 0.02
CASTROLIND EQ 6-Nov-20 112.25 12263.55 0.012 0.01
CASTROLIND EQ 9-Nov-20 113.05 12461.05 0.007 0.02
CASTROLIND EQ 10-Nov-20 112.9 12631.1 -0.001 0.01
CASTROLIND EQ 11-Nov-20 113.85 12749.15 0.008 0.01
CASTROLIND EQ 12-Nov-20 113.25 12690.8 -0.005 0
CASTROLIND EQ 13-Nov-20 115.05 12719.95 0.016 0
CASTROLIND EQ 14-Nov-20 115.95 12780.25 0.008 0
CASTROLIND EQ 17-Nov-20 116 12874.2 0 0.01
CASTROLIND EQ 18-Nov-20 117.05 12938.25 0.009 0
CASTROLIND EQ 19-Nov-20 118.5 12771.7 0.012 -0.01
CASTROLIND EQ 20-Nov-20 123.05 12859.05 0.038 0.01
CASTROLIND EQ 23-Nov-20 124 12926.45 0.008 0.01
CASTROLIND EQ 24-Nov-20 129.3 13055.15 0.043 0.01
CASTROLIND EQ 25-Nov-20 125.8 12858.4 -0.027 -0.02
CASTROLIND EQ 26-Nov-20 125.45 12987 -0.003 0.01
CASTROLIND EQ 27-Nov-20 125.4 12968.95 0 0
CASTROLIND EQ 1-Dec-20 128.55 13109.05 0.025 0.01
CASTROLIND EQ 2-Dec-20 130.75 13113.75 0.017 0
CASTROLIND EQ 3-Dec-20 128.55 13133.9 -0.017 0
CASTROLIND EQ 4-Dec-20 130.8 13258.55 0.018 0.01
CASTROLIND EQ 7-Dec-20 134.65 13355.75 0.029 0.01
CASTROLIND EQ 8-Dec-20 135.1 13392.95 0.003 0
CASTROLIND EQ 9-Dec-20 135.2 13529.1 0.001 0.01
CASTROLIND EQ 10-Dec-20 131.95 13478.3 -0.024 0
CASTROLIND EQ 11-Dec-20 130.25 13513.85 -0.013 0
CASTROLIND EQ 14-Dec-20 127.85 13558.15 -0.018 0
CASTROLIND EQ 15-Dec-20 125.85 13567.85 -0.016 0
CASTROLIND EQ 16-Dec-20 126.3 13682.7 0.004 0.01
CASTROLIND EQ 17-Dec-20 127.25 13740.7 0.008 0
CASTROLIND EQ 18-Dec-20 125.8 13760.55 -0.011 0
CASTROLIND EQ 21-Dec-20 122 13328.4 -0.03 -0.03
CASTROLIND EQ 22-Dec-20 120.8 13466.3 -0.01 0.01
CASTROLIND EQ 23-Dec-20 123.7 13601.1 0.024 0.01
CASTROLIND EQ 24-Dec-20 124.4 13749.25 0.006 0.01
CASTROLIND EQ 28-Dec-20 121.95 13873.2 -0.02 0.01
CASTROLIND EQ 29-Dec-20 121.95 13932.6 0 0
CASTROLIND EQ 30-Dec-20 123.55 13981.95 0.013 0
CASTROLIND EQ 31-Dec-20 123.05 13981.75 -0.004 0
CASTROLIND EQ 1-Jan-21 122 14018.5 -0.009 0
CASTROLIND EQ 4-Jan-21 123.05 14132.9 0.009 0.01
CASTROLIND EQ 5-Jan-21 124.35 14199.5 0.011 0
CASTROLIND EQ 6-Jan-21 125.85 14146.25 0.012 0
CASTROLIND EQ 7-Jan-21 128.1 14137.35 0.018 0
CASTROLIND EQ 8-Jan-21 128.75 14347.25 0.005 0.01
CASTROLIND EQ 11-Jan-21 127.55 14484.75 -0.009 0.01
CASTROLIND EQ 12-Jan-21 128.05 14563.45 0.004 0.01
CASTROLIND EQ 13-Jan-21 129.25 14564.85 0.009 0
CASTROLIND EQ 14-Jan-21 131.05 14595.6 0.014 0
CASTROLIND EQ 15-Jan-21 129.8 14433.7 -0.01 -0.01
CASTROLIND EQ 18-Jan-21 128.75 14281.3 -0.008 -0.01
CASTROLIND EQ 19-Jan-21 128.5 14521.15 -0.002 0.02
CASTROLIND EQ 20-Jan-21 128.35 14644.7 -0.001 0.01
CASTROLIND EQ 21-Jan-21 125.55 14590.35 -0.022 0
CASTROLIND EQ 22-Jan-21 128.05 14371.9 0.02 -0.01
CASTROLIND EQ 25-Jan-21 128.05 14238.9 0 -0.01
CASTROLIND EQ 27-Jan-21 123.8 13967.5 -0.033 -0.02
CASTROLIND EQ 28-Jan-21 125.9 13817.55 0.017 -0.01
CASTROLIND EQ 29-Jan-21 128.2 13634.6 0.018 -0.01
CASTROLIND EQ 1-Feb-21 126.6 14281.2 -0.012 0.05
CASTROLIND EQ 2-Feb-21 126.8 14647.85 0.002 0.03
CASTROLIND EQ 3-Feb-21 129.1 14789.95 0.018 0.01
CASTROLIND EQ 4-Feb-21 130.9 14895.65 0.014 0.01
CASTROLIND EQ 5-Feb-21 129.6 14924.25 -0.01 0
CASTROLIND EQ 8-Feb-21 133.55 15115.8 0.03 0.01
CASTROLIND EQ 9-Feb-21 130.4 15109.3 -0.024 0
CASTROLIND EQ 10-Feb-21 130.05 15106.5 -0.003 0
CASTROLIND EQ 11-Feb-21 130.65 15173.3 0.005 0
CASTROLIND EQ 12-Feb-21 128.9 15163.3 -0.013 0
CASTROLIND EQ 15-Feb-21 126.8 15314.7 -0.016 0.01
CASTROLIND EQ 16-Feb-21 126.65 15313.45 -0.001 0
CASTROLIND EQ 17-Feb-21 125.7 15208.9 -0.008 -0.01
CASTROLIND EQ 18-Feb-21 129.75 15118.95 0.032 -0.01
CASTROLIND EQ 19-Feb-21 128.8 14981.75 -0.007 -0.01
CASTROLIND EQ 22-Feb-21 125.9 14675.7 -0.023 -0.02
CASTROLIND EQ 23-Feb-21 123.9 14707.8 -0.016 0
CASTROLIND EQ 24-Feb-21 125.05 14982 0.009 0.02
CASTROLIND EQ 25-Feb-21 128.25 15097.35 0.026 0.01
CASTROLIND EQ 26-Feb-21 129.7 14529.15 0.011 -0.04
CASTROLIND EQ 1-Mar-21 135.65 14761.55 0.046 0.02
CASTROLIND EQ 2-Mar-21 138 14919.1 0.017 0.01
CASTROLIND EQ 3-Mar-21 135 15245.6 -0.022 0.02
CASTROLIND EQ 4-Mar-21 136.05 15080.75 0.008 -0.01
CASTROLIND EQ 5-Mar-21 135.3 14938.1 -0.006 -0.01
CASTROLIND EQ 8-Mar-21 135.55 14956.2 0.002 0
CASTROLIND EQ 9-Mar-21 135.3 15098.4 -0.002 0.01
CASTROLIND EQ 10-Mar-21 134.5 15174.8 -0.006 0.01
CASTROLIND EQ 12-Mar-21 129.85 15030.95 -0.035 -0.01
CASTROLIND EQ 15-Mar-21 126.8 14929.5 -0.023 -0.01
CASTROLIND EQ 16-Mar-21 127.25 14910.45 0.004 0
CASTROLIND EQ 17-Mar-21 124.35 14721.3 -0.023 -0.01
CASTROLIND EQ 18-Mar-21 122.55 14557.85 -0.014 -0.01
CASTROLIND EQ 19-Mar-21 118.55 14744 -0.033 0.01
CASTROLIND EQ 22-Mar-21 118.8 14736.4 0.002 0
CASTROLIND EQ 23-Mar-21 121.15 14814.75 0.02 0.01
CASTROLIND EQ 24-Mar-21 121.45 14549.4 0.002 -0.02
CASTROLIND EQ 25-Mar-21 122.7 14324.9 0.01 -0.02
CASTROLIND EQ 26-Mar-21 123 14507.3 0.002 0.01
CASTROLIND EQ 30-Mar-21 124.8 14845.1 0.015 0.02
CASTROLIND EQ 31-Mar-21 125.3 14690.7 0.004 -0.01
 SUMMARY OUTPUT

Regression Statistics
Multiple R 0.327424991115005
R Square 0.107207124806661
Adjusted R Square 0.103577885476607
Standard Error 0.018861825943248
Observations 248

ANOVA
df SS MS F Significance F
Regression 1 0.01050934 0.010509 29.5398333 1.317E-07
Residual 246 0.08751905 0.000356
Total 247 0.09802839

Coefficients Standard Error t Stat P-value Lower 95%

Intercept -0.000119881945095 0.00121792 -0.098431 0.92166996 -0.002519
Return Nifty 0.451107155126643 0.08299954 5.435056 1.3174E-07 0.287627

Hence, Beta is 0.45

Interpretation If nifty changes by 1 unit then Castrol will change by 0.45 unit.

Capital Appreciation Pricing Model

CAPM =Risk free + beta*(Market return-Risk free)

Risk free return 5% (Given)

Market return 10% (Given)
Beta 0.45 =J22

Required rate of return based on CAPM 7.26% =J31+J33*(J32-J31)

Dividend of FY 2020-2021
Dividend/Share Date
Cash Dividend (INR) 2.5 5-Nov-20
Cash Dividend (INR) 3 26-Jun-20
Total Dividend of FY 2020-2021 5.5

Reference from https://www.tickertape.in/stocks/castrol-india-CAST/events?checklist=basic&type=d

 Calculating Intrinsic Value Using Gordon Model

Required data:-
Current Dividend (D0) 5.5
Growth (G) 5%
Required return (Rs) 7.26%

Gordon Model =D0(1+G)/(Rs-G)

P0 256.04 =J51*(1+J52)/(J53-J52)
Significance F

Upper 95% Lower 95.0% Upper 95.0%

0.002279 -0.00251877 0.002279009
0.614588 0.287626761 0.61458755

ts?checklist=basic&type=dividends
DCF MODEL
All the no.s are in Cr.
Free Cash Flow of FY 2018 471.17
Free Cash Flow of FY 2019 778.79
Free Cash Flow of FY 2020 869.03
Free Cash Flow of FY 2021 706.33

Taken from:- https://www.tickertape.in/stocks/castrol-india-CAST/financials

WACC 11% Given

From FY2025 growth is constant at 5%
Year 0 Year 1
Particualrs 2021 Formula 2022
Growth Rate 10%
Free cash Flow 706.33 =D7 776.96
PV of FCF 699.97

Terminal value =FCF2025*(1+G)/(wacc-G)

=G18*(1+G17)/(B13-G17)

PV of Terminal Value =E24/(1+B13)^4

Sum of PV of FCF
Value of Operation

No. of share of Common stock 988726519 98.87 cr '===> no. are

All the no. are in crores

Estimating the value of Castrol India share price

Value of Opeartion 14599.5
Vlaue of Non. Operating Assets 0
All debts 0
Preffered
No. of share of Common stock 98.87
Estimating Price Per Share
Value of operations 14599.5
+ Value of nonoperating assets 0
Total estimated value of firm 14599.5
− Debt
− Preferred stock
Estimated value of equity 14599.5
÷ Number of shares 98.87
Estimated stock price per share = 147.66
 =AVERAGE(D4:D6)

ks/castrol-india-CAST/financials?checklist=basic&period=annual&statement=cashflow

Year 2 Year 3 Year 4

2023 2024 2025
15% 9% 5% Till Infinity
893.51 973.92 1022.62 =F18*(1+G17)
725.19 712.12 673.63

17895.84

11788.54
2810.91
14599.45

https://www.nseindia.com/get-quotes/equity?symbol=CASTROLIND
MARKETING MULTIPLES APPROACH

Industty Pe 23.33 Taken form https://www.tickertape.in/stocks/castrol-india-C

EPS of Castrol India of FY 2020-2021 5.89 Taken form https://www.tickertape.in/stocks/castrol-india-C

Calculation of Castrol India share price Intrinsic Value using Multiple Approach

Industry Pe 23.33
EPS 5.89

Intrinsic Value as
per Multiple = Industry Pe* Earning per share
Approach
137.41 =B8*B9
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