Sector Alpha Week of 2026-08-05
20-quarter listed-company comparison

Lubricants Stocks in India

Lubricants: Castrol India Ltd owns the largest revenue base; Gulf Oil Lubricants India Ltd has the fastest current growth.

01 · the index people search for

Nifty Lubricants Index — Constituents & Performance

The Lubricants companies below are the listed Indian Lubricants universe this page tracks — the same constituent set people search for as the Nifty Lubricants index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

02 · the sector itself · before any single company

How has Lubricants moved against NIFTY 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 24% behind NIFTY 500. Earnings across its companies grew 15% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 15 weeks running.

FADING · −1 in 4w~Fundamentals up, price down2 of 4 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑15w · 2/4 >200d (+1) · 2/4 lead (−1) · EPS 2/4↑

20020262025202420232022 289333 TRAILING 12-MONTH EPS · 100 AT THE START0100141Sep 22Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 98, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 97, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 0.2% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 101, against 100 at the start · up 1.2% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 107, against 100 at the start · up 11.8% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 23.3% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 21.0% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 111, against 100 at the start · up 13.6% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 18.7% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 123, against 100 at the start · up 17.3% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 132, against 100 at the start · up 17.4% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 137, against 100 at the start · up 18.4% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 141, against 100 at the start · up 15.0% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 140, against 100 at the start · up 7.5% on a year ago · 3 reportingNot reported yet — earnings trail price by a quarter or two140 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20020262025202420232022 289333 TRAILING 12-MONTH EPS · 100 AT THE START0100141Mar 23Mar 24Mar 25Mar 26Jun 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingSep 2022 · trailing 12-month earnings per share at 98, against 100 at the start · no comparable year yet · 3 reportingDec 2022 · trailing 12-month earnings per share at 100, against 100 at the start · no comparable year yet · 3 reportingMar 2023 · trailing 12-month earnings per share at 97, against 100 at the start · no comparable year yet · 3 reportingJun 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 0.2% on a year ago · 3 reportingSep 2023 · trailing 12-month earnings per share at 101, against 100 at the start · up 1.2% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 107, against 100 at the start · up 11.8% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 23.3% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 109, against 100 at the start · up 21.0% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 111, against 100 at the start · up 13.6% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 18.7% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 123, against 100 at the start · up 17.3% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 132, against 100 at the start · up 17.4% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 137, against 100 at the start · up 18.4% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 141, against 100 at the start · up 15.0% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 140, against 100 at the start · up 7.5% on a year ago · 3 reportingNot reported yet — earnings trail price by a quarter or two140No earnings on file this far back — the price series reaches further than the filings do
Lubricants, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

03 · sector relative strength, before individual stocks

Is Lubricants outperforming NIFTY 500?

Lubricants has underperformed NIFTY 500 by 1.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 6.5%. 1 of 4 covered companies currently beats NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Castrol India Ltd is the strongest against the sector itself at +12.9%. Readings are as of 2026-07-19.

+6.5%Sector vs NIFTY 500 · 13 weeks
-1.6%Sector vs NIFTY 500 · 52 weeks
1/4Stocks leading NIFTY 500
2/4Stocks leading sector

Sector metric: 22.5 as of 2026-07-19 · CONSOLIDATION · falling.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Lubricants has underperformed NIFTY 500 by 1.6% over 52 weeks and 6.5% over 13 weeks. 1 of 4 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself. Castrol India Ltd leads with revenue of ₹5,845 crore, based on 4 of 4 comparable companies through Mar 2026.

Companies
4
complete canonical membership
Combined market value
₹28.1K Cr
Castrol India Ltd
Revenue growing
3/4
positive TTM year-on-year growth
Beating NIFTY 500
1/4
positive Mansfield relative strength
Comparing 4 of 4
04 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Castrol India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 91% evidence confidence.
Veedol Corporation Ltd looks inexpensive relative to peers or its own history, but its earnings trajectory has not yet earned the valuation signal.
GOCL Corporation Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Castrol India LtdCASTROLIND 58.6/100Mixed-positive evidence91% evidence ASLEEP 15.6/35 Revenue 7% · PAT 1.7% · OPM change -1 pp 100% evidence 22.0/25 ROCE 60.3% · OPM 21% 100% evidence 8.3/20 P/E 18.8× · PEG 2.25 85% evidence 12.7/20 RS sector 12.9% · RS bench -3.7% · 1Y -16.7%0 of 9 weeks ahead 70% evidence
Exact sum: 15.6 + 22 + 8.3 + 12.7 = 58.6 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2Veedol Corporation LtdVEEDOL 55.5/100Mixed-positive evidence91% evidence ASLEEP 15.5/35 Revenue 10.1% · PAT 13.6% · OPM change -3 pp 100% evidence 19.3/25 ROCE 24.2% · OPM 10% 100% evidence 17.7/20 P/E 12.7× · PEG 0.51 85% evidence 3.0/20 RS sector -7.1% · RS bench -10.8% · 1Y -16.1%1 of 10 weeks ahead 70% evidence
Exact sum: 15.5 + 19.3 + 17.7 + 3 = 55.5 · Decision use: Cheap but unconfirmed: require improving earnings before treating the valuation as an opportunity.
3GOCL Corporation LtdGOCLCORP 47.4/100Mixed-negative evidence78% evidence TURNING 12.3/35 Revenue -40% · PAT 100% · OPM change -179 pp 95% evidence 8.6/25 ROCE 13.1% · OPM -348% 95% evidence 13.0/20 P/E 7.4× · PEG — 35% evidence 13.5/20 RS sector 1.1% · RS bench 21% · 1Y 7.3%11 of 11 weeks ahead 70% evidence
Exact sum: 12.3 + 8.6 + 13 + 13.5 = 47.4 · Decision use: Price leads the evidence: RS versus the benchmark is 21%, but earnings trajectory is weak. Wait for revenue and profit confirmation.
4Gulf Oil Lubricants India LtdGULFOILLUB 45.7/100Mixed-negative evidence91% evidence TURNING 12.9/35 Revenue 11.7% · PAT -3.4% · OPM change -1 pp 100% evidence 18.1/25 ROCE 26.2% · OPM 13% 100% evidence 11.2/20 P/E 14.6× · PEG 1.54 85% evidence 3.5/20 RS sector -10.1% · RS bench -4% · 1Y -13%2 of 10 weeks ahead 70% evidence
Exact sum: 12.9 + 18.1 + 11.2 + 3.5 = 45.7 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
05 · what price has already done

Market action

GOCL Corporation Ltd has the strongest one-year price move in Lubricants at +7.3%. It also leads on Mansfield relative strength against NIFTY at +21%. 1 of 4 covered companies is above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.

Price and relative strength

Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

06 · compare level, then change

Revenue Scale & Growth Durability

Castrol India Ltd has the highest Revenue among the 4 Lubricants companies compared here, at ₹5,845 crore. Gulf Oil Lubricants India Ltd is next at ₹4,056 crore. Gulf Oil Lubricants India Ltd has the highest Revenue growth at 11.7%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Castrol India Ltd is the scale leader at ₹5,845 crore, 44.1% ahead of Gulf Oil Lubricants India Ltd. Gulf Oil Lubricants India Ltd's growth is 11.7% from a ₹4,056 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderCastrol India Ltd · ₹5,845 crore
Gap44.1% versus #2 · Gulf Oil Lubricants India Ltd
Persistence8/8 recent comparable periods
Coverage4/4 companies · 75 observations

Investor read: Castrol India Ltd is the scale benchmark; Gulf Oil Lubricants India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Castrol India Ltd's growth falls below Gulf Oil Lubricants India Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Castrol India Ltd CASTROLIND₹5.8K Cr
2Gulf Oil Lubricants India Ltd GULFOILLUB₹4.1K Cr
3Veedol Corporation Ltd VEEDOL₹2.2K Cr
4GOCL Corporation Ltd GOCLCORP⚠ unverified₹9 Cr
Revenue growthfastest growers
3Castrol India Ltd CASTROLIND7.0%
4GOCL Corporation Ltd GOCLCORP⚠ unverified-40%
Revenue · company comparison
4/4 level · 4/4 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Castrol India Ltd CASTROLIND₹1.5K Cr8.7%Mar 2026
Gulf Oil Lubricants India Ltd GULFOILLUB₹1.1K Cr11%Mar 2026
Veedol Corporation Ltd VEEDOL₹607 Cr14%Mar 2026
GOCL Corporation Ltd GOCLCORP⚠ unverified₹2 Cr-33%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Castrol India Ltd · CASTROLIND

₹890 Cr
₹1.1K Cr
₹1.1K Cr
₹1.2K Cr
₹1.2K Cr
₹1.1K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹1.2K Cr
₹1.3K Cr
₹1.3K Cr
₹1.4K Cr
₹1.3K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr
₹1.4K Cr
₹1.4K Cr
₹1.5K Cr

GOCL Corporation Ltd · GOCLCORP⚠ unverified

₹39 Cr
₹248 Cr
₹242 Cr
₹197 Cr
₹163 Cr
₹167 Cr
₹158 Cr
₹4 Cr
₹3 Cr
₹5 Cr
₹3 Cr
₹3 Cr
₹2 Cr
₹2 Cr
₹2 Cr

Gulf Oil Lubricants India Ltd · GULFOILLUB

₹417 Cr
₹534 Cr
₹602 Cr
₹637 Cr
₹706 Cr
₹720 Cr
₹781 Cr
₹792 Cr
₹812 Cr
₹802 Cr
₹818 Cr
₹870 Cr
₹894 Cr
₹864 Cr
₹920 Cr
₹953 Cr
₹1.0K Cr
₹967 Cr
₹1.0K Cr
₹1.1K Cr

Veedol Corporation Ltd · VEEDOL

₹285 Cr
₹394 Cr
₹412 Cr
₹445 Cr
₹439 Cr
₹448 Cr
₹497 Cr
₹470 Cr
₹474 Cr
₹474 Cr
₹496 Cr
₹487 Cr
₹479 Cr
₹476 Cr
₹482 Cr
₹532 Cr
₹514 Cr
₹509 Cr
₹538 Cr
₹607 Cr

Revenue growth · reported quarter history

Castrol India Ltd · CASTROLIND

40%
4.5%
7.8%
4.7%
7.4%
5.5%
7.5%
2.4%
4.8%
8.9%
7.1%
7.3%
7.1%
5.8%
6.4%
8.7%

GOCL Corporation Ltd · GOCLCORP⚠ unverified

318%
-33%
-35%
-98%
-98%
-97%
-98%
-25%
-33%
-60%
-33%

Gulf Oil Lubricants India Ltd · GULFOILLUB

69%
35%
30%
24%
15%
11%
4.7%
9.9%
10%
7.7%
12%
9.5%
14%
12%
11%
11%

Veedol Corporation Ltd · VEEDOL

54%
14%
21%
5.6%
8.0%
5.8%
-0.2%
3.6%
1.1%
0.4%
-2.8%
9.2%
7.3%
6.9%
12%
14%
07 · compare level, then change

Operating Economics & Margin Trend

Castrol India Ltd has the highest OPM among the 4 Lubricants companies compared here, at 21%. Gulf Oil Lubricants India Ltd is next at 13%. The same company also holds the highest Margin change, at -1 percentage points. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Castrol India Ltd leads both opm at 21% and margin change at -1 percentage points.

LeaderCastrol India Ltd · 21%
Gap61.5% versus #2 · Gulf Oil Lubricants India Ltd
Persistence2/8 recent comparable periods
Coverage4/4 companies · 80 observations

Investor read: Castrol India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Castrol India Ltd CASTROLIND21%
4GOCL Corporation Ltd GOCLCORP⚠ unverified-348%
Margin changefastest expanders
1Castrol India Ltd CASTROLIND−1.0 pp
2Gulf Oil Lubricants India Ltd GULFOILLUB−1.0 pp
3Veedol Corporation Ltd VEEDOL−3.0 pp
4GOCL Corporation Ltd GOCLCORP⚠ unverified−179.0 pp
Operating margin · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Castrol India Ltd CASTROLIND21%−1.0 ppMar 2026
Gulf Oil Lubricants India Ltd GULFOILLUB13%−1.0 ppMar 2026
Veedol Corporation Ltd VEEDOL10%−3.0 ppMar 2026
GOCL Corporation Ltd GOCLCORP⚠ unverified-348%−179.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Castrol India Ltd · CASTROLIND

22%
24%
24%
26%
23%
23%
21%
22%
23%
23%
26%
22%
23%
22%
28%
22%
23%
24%
26%
21%

GOCL Corporation Ltd · GOCLCORP⚠ unverified

6.0%
-5.4%
-2.4%
3.7%
-4.7%
-2.0%
6.0%
-1.2%
-2.2%
4.8%
-5.0%
-7.0%
-376%
-116%
-163%
-169%
-177%
-327%
-549%
-348%

Gulf Oil Lubricants India Ltd · GULFOILLUB

10%
14%
13%
14%
12%
11%
12%
11%
11%
13%
14%
13%
13%
12%
13%
14%
13%
12%
13%
13%

Veedol Corporation Ltd · VEEDOL

9.6%
9.7%
8.8%
10%
9.1%
6.2%
7.0%
9.0%
8.0%
9.0%
8.0%
10%
9.0%
10%
8.0%
13%
11%
10%
10%
10%

Margin change · reported quarter history

Castrol India Ltd · CASTROLIND

+2.8 pp
−8.2 pp
−3.2 pp
−4.2 pp
+0.8 pp
−1.5 pp
−3.4 pp
−3.7 pp
−0.0 pp
+0.1 pp
+5.0 pp
0.0 pp
0.0 pp
−1.0 pp
+2.0 pp
0.0 pp
0.0 pp
+2.0 pp
−2.0 pp
−1.0 pp

GOCL Corporation Ltd · GOCLCORP⚠ unverified

+6.1 pp
−4.0 pp
−0.0 pp
−7.7 pp
−10.7 pp
+3.4 pp
+8.4 pp
−4.9 pp
+2.5 pp
+6.8 pp
−11.0 pp
−5.8 pp
−373.8 pp
−120.8 pp
−158.0 pp
−162.0 pp
+199.0 pp
−211.0 pp
−386.0 pp
−179.0 pp

Gulf Oil Lubricants India Ltd · GULFOILLUB

−0.5 pp
−4.5 pp
−4.5 pp
−1.2 pp
+1.9 pp
−3.3 pp
−0.8 pp
−2.9 pp
−1.0 pp
+1.9 pp
+2.0 pp
+2.0 pp
+2.0 pp
−1.0 pp
−1.0 pp
+1.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp

Veedol Corporation Ltd · VEEDOL

−0.3 pp
−4.0 pp
−6.7 pp
−1.6 pp
−0.5 pp
−3.5 pp
−1.8 pp
−1.2 pp
−1.1 pp
+2.8 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp
+3.0 pp
+2.0 pp
0.0 pp
+2.0 pp
−3.0 pp
08 · compare level, then change

Profit Scale & Acceleration

GOCL Corporation Ltd has the highest Net profit among the 4 Lubricants companies compared here, at ₹1,522 crore. Castrol India Ltd is next at ₹959 crore. The same company also holds the highest Profit growth, at the 100% top of the scoring scale. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: GOCL Corporation Ltd leads with ₹1,522 crore of TTM profit, 58.7% above Castrol India Ltd. GOCL Corporation Ltd shows ≥100% on the scoring scale (875.6% uncapped) growth from a ₹1,522 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderGOCL Corporation Ltd · ₹1,522 crore
Gap58.7% versus #2 · Castrol India Ltd
Persistence7/8 recent comparable periods
Coverage4/4 companies · 75 observations

Investor read: GOCL Corporation Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1GOCL Corporation Ltd GOCLCORP⚠ unverified₹1.5K Cr
2Castrol India Ltd CASTROLIND₹959 Cr
3Gulf Oil Lubricants India Ltd GULFOILLUB₹345 Cr
4Veedol Corporation Ltd VEEDOL₹192 Cr
Profit growthfastest growers
1GOCL Corporation Ltd GOCLCORP⚠ unverified100%
3Castrol India Ltd CASTROLIND1.7%
Net profit · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
Castrol India Ltd CASTROLIND₹242 Cr3.9%Mar 2026
Gulf Oil Lubricants India Ltd GULFOILLUB₹90 Cr-3.2%Mar 2026
GOCL Corporation Ltd GOCLCORP⚠ unverified₹75 Cr226%Mar 2026
Veedol Corporation Ltd VEEDOL₹57 Cr-5.0%Mar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Castrol India Ltd · CASTROLIND

₹140 Cr
₹186 Cr
₹189 Cr
₹228 Cr
₹206 Cr
₹187 Cr
₹193 Cr
₹202 Cr
₹225 Cr
₹194 Cr
₹242 Cr
₹216 Cr
₹232 Cr
₹207 Cr
₹271 Cr
₹233 Cr
₹244 Cr
₹228 Cr
₹245 Cr
₹242 Cr

GOCL Corporation Ltd · GOCLCORP⚠ unverified

₹61 Cr
₹32 Cr
₹14 Cr
₹12 Cr
₹16 Cr
₹15 Cr
₹5 Cr
₹36 Cr
₹5 Cr
₹92 Cr
₹23 Cr
₹1.2K Cr
₹14 Cr
₹210 Cr
₹75 Cr

Gulf Oil Lubricants India Ltd · GULFOILLUB

₹30 Cr
₹59 Cr
₹59 Cr
₹63 Cr
₹55 Cr
₹52 Cr
₹63 Cr
₹62 Cr
₹68 Cr
₹74 Cr
₹79 Cr
₹87 Cr
₹84 Cr
₹83 Cr
₹97 Cr
₹93 Cr
₹95 Cr
₹84 Cr
₹76 Cr
₹90 Cr

Veedol Corporation Ltd · VEEDOL

₹23 Cr
₹32 Cr
₹30 Cr
₹38 Cr
₹34 Cr
₹20 Cr
₹26 Cr
₹34 Cr
₹31 Cr
₹35 Cr
₹34 Cr
₹43 Cr
₹37 Cr
₹35 Cr
₹37 Cr
₹60 Cr
₹50 Cr
₹41 Cr
₹44 Cr
₹57 Cr

Profit growth · reported quarter history

Castrol India Ltd · CASTROLIND

47%
0.5%
2.1%
-11%
9.2%
3.7%
25%
6.9%
3.1%
6.7%
12%
7.9%
5.2%
10%
-9.6%
3.9%

GOCL Corporation Ltd · GOCLCORP⚠ unverified

-74%
-53%
-64%
200%
-69%
513%
360%
3,297%
180%
128%
226%

Gulf Oil Lubricants India Ltd · GULFOILLUB

83%
-12%
6.8%
-1.6%
24%
42%
25%
40%
24%
12%
23%
6.9%
13%
1.2%
-22%
-3.2%

Veedol Corporation Ltd · VEEDOL

48%
-38%
-13%
-11%
-8.8%
75%
31%
26%
19%
0.0%
8.8%
40%
35%
17%
19%
-5.0%
09 · compare level, then change

Return On Capital Employed

Castrol India Ltd has the highest ROCE among the 4 Lubricants companies compared here, at 60.3%. Gulf Oil Lubricants India Ltd is next at 26.2%. The same company also holds the highest ROCE change, at +3.4 percentage points. 4 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Castrol India Ltd leads ROCE at 60.3%, 34.1 percentage points above Gulf Oil Lubricants India Ltd. Castrol India Ltd has the strongest latest improvement at +3.4 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderCastrol India Ltd · 60.3%
Gap130.2% versus #2 · Gulf Oil Lubricants India Ltd
Persistence5/8 recent comparable periods
Coverage4/4 companies · 62 observations

Investor read: Castrol India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Castrol India Ltd CASTROLIND60%
4GOCL Corporation Ltd GOCLCORP⚠ unverified13%
ROCE changefastest improvers
1Castrol India Ltd CASTROLIND+3.4 pp
2Veedol Corporation Ltd VEEDOL+0.8 pp
4GOCL Corporation Ltd GOCLCORP⚠ unverified−12.3 pp
Return on capital · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Castrol India Ltd CASTROLIND60%+3.4 ppMar 2026
Gulf Oil Lubricants India Ltd GULFOILLUB27%+0.4 ppMar 2026
Veedol Corporation Ltd VEEDOL18%+0.8 ppMar 2026
GOCL Corporation Ltd GOCLCORP⚠ unverified-1.0%−12.3 ppMar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Castrol India Ltd · CASTROLIND

67%
60%
59%
54%
51%
58%
52%
57%
52%
57%
51%
56%
65%
65%
64%
60%

GOCL Corporation Ltd · GOCLCORP⚠ unverified

0.2%
-0.1%
-1.6%
-1.4%
11%
0.2%
8.4%
8.0%
9.3%
-2.0%
11%
11%
56%
-2.1%
59%
-1.0%

Gulf Oil Lubricants India Ltd · GULFOILLUB

26%
23%
28%
25%
26%
35%
26%
35%
26%
37%
26%
35%
25%
31%
27%

Veedol Corporation Ltd · VEEDOL

19%
17%
17%
16%
17%
21%
18%
23%
17%
21%
17%
24%
18%
25%
18%

ROCE change · reported quarter history

Castrol India Ltd · CASTROLIND

−8.2 pp
−5.8 pp
−7.3 pp
−2.6 pp
+0.3 pp
−0.3 pp
−0.8 pp
−1.0 pp
+13.7 pp
+7.6 pp
+12.8 pp
+3.4 pp

GOCL Corporation Ltd · GOCLCORP⚠ unverified

−1.8 pp
−1.3 pp
+1.8 pp
+9.4 pp
−1.2 pp
−2.2 pp
+2.5 pp
+3.3 pp
+46.2 pp
−0.1 pp
+47.6 pp
−12.3 pp

Gulf Oil Lubricants India Ltd · GULFOILLUB

+1.6 pp
+1.8 pp
−1.1 pp
+1.3 pp
−0.1 pp
+1.3 pp
+0.1 pp
+0.4 pp
−1.8 pp
−5.5 pp
+0.4 pp

Veedol Corporation Ltd · VEEDOL

−2.4 pp
−1.4 pp
−0.5 pp
+2.3 pp
+0.4 pp
−0.2 pp
−1.1 pp
+0.4 pp
+1.1 pp
+3.6 pp
+0.8 pp
10 · compare level, then change

Valuation Against Growth & Quality

Veedol Corporation Ltd has the lowest PEG among the 4 Lubricants companies compared here, at 0.51×. Gulf Oil Lubricants India Ltd is next at 1.54×. GOCL Corporation Ltd has the lowest P/E at 7.41×, so level and change sit with different companies. 3 of 4 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Veedol Corporation Ltd has the lowest comparable PEG at 0.51×, 66.9% below Gulf Oil Lubricants India Ltd. Only 3 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderVeedol Corporation Ltd · 0.51×
Gap66.9% versus #2 · Gulf Oil Lubricants India Ltd
Persistence0/8 recent comparable periods
Coverage3/4 companies · 35 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
PEGlowest PEG
3Castrol India Ltd CASTROLIND2.3
P/Elowest P/E
1GOCL Corporation Ltd GOCLCORP⚠ unverified7.4
4Castrol India Ltd CASTROLIND18.8
Valuation · company comparison
3/4 level · 4/4 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Castrol India Ltd CASTROLIND2.318.1Mar 2026
Gulf Oil Lubricants India Ltd GULFOILLUB1.512.2Mar 2026
Veedol Corporation Ltd VEEDOL0.511.5Mar 2026
GOCL Corporation Ltd GOCLCORP⚠ unverified5.5Mar 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Castrol India Ltd · CASTROLIND

0.9
0.5
2.3
1.8
2.4
3.6
2.0
2.9
2.1
3.0
3.0
2.5
2.3

Gulf Oil Lubricants India Ltd · GULFOILLUB

1.1
0.7
0.5
0.4
0.7
0.6
0.6
0.7
0.7
1.0
1.2
1.5

Veedol Corporation Ltd · VEEDOL

1.9
0.7
1.3
1.5
1.2
0.9
0.5
0.7
0.5
0.5

P/E · reported quarter history

Castrol India Ltd · CASTROLIND

20.5
17.7
16.0
13.4
13.6
13.8
15.0
13.5
15.1
17.0
21.8
21.6
22.6
27.3
21.6
21.8
22.7
20.2
19.6
18.1

GOCL Corporation Ltd · GOCLCORP⚠ unverified

19.2
16.6
22.0
23.7
21.8
8.7
9.0
6.6
7.2
24.9
38.0
41.9
49.8
26.2
22.2
13.6
15.8
15.4
12.2
5.5

Gulf Oil Lubricants India Ltd · GULFOILLUB

16.2
13.8
11.0
10.1
9.6
10.3
10.1
8.6
9.8
10.6
13.2
16.2
19.4
21.0
17.7
15.9
16.7
16.2
15.8
12.2

Veedol Corporation Ltd · VEEDOL

30.2
21.4
18.6
16.7
14.8
13.4
14.3
12.3
15.4
18.9
19.4
18.1
27.9
26.6
19.5
15.0
16.6
16.8
15.0
11.5
11 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Lubricants comparison names 5 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
12 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 4 Lubricants companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Mar 2026 and market data through 2026-07-31. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Mar 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing3 cross-checked · 1 unverified · 0 withheld, of 4 graded companies.
How a second data feed is admitted, and what happens when it disagrees

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.

13 · questions investors ask, short speakable answers

Lubricants company comparison FAQs

These 23 answers restate the Lubricants comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Mar 2026. Price and relative-strength answers run through 2026-07-31. Nothing here is estimated, and none of it is a recommendation.

Is the Lubricants sector outperforming NIFTY 500?

Lubricants has underperformed NIFTY 500 by 1.6% over 52 weeks and 6.5% over 13 weeks. 1 of 4 covered companies beat NIFTY on Mansfield relative strength, while 2 of 4 beat the sector itself.

Which Lubricants company is largest by revenue?

Castrol India Ltd leads with revenue of ₹5,845 crore, based on 4 of 4 comparable companies through Mar 2026.

Which Lubricants company is growing fastest?

Gulf Oil Lubricants India Ltd has the fastest current revenue growth at 11.7%, across 4 of 4 comparable companies.

Which Lubricants company has the strongest 4-Factor Sector Score?

Castrol India Ltd ranks first at 58.6/100 with 91% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Lubricants company has the lowest comparable PEG?

Veedol Corporation Ltd has the lowest comparable PEG at 0.51, among 3 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Lubricants comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Mar 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

What is the Nifty Lubricants index?

The Nifty Lubricants index tracks India's listed Lubricants companies as a single basket. This page follows the same 4 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Lubricants sector rather than to its largest constituent. Figures are as of Mar 2026.

Which are the best Lubricants stocks in India?

Ranked by this page's four-factor score, Castrol India Ltd places first among 4 listed Lubricants companies, followed by Veedol Corporation Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Mar 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Lubricants stocks are listed in India?

This comparison covers 4 listed Lubricants companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Mar 2026.

Which Lubricants company is the biggest?

Castrol India Ltd is the largest, with trailing-twelve-month revenue of ₹5,845 crore, ahead of Gulf Oil Lubricants India Ltd at ₹4,056 crore. That covers 4 of 4 companies with comparable reporting through Mar 2026.

Which Lubricants company has the best profit margins?

Castrol India Ltd has the highest operating margin at 21%, from 4 of 4 comparable companies. Castrol India Ltd shows the biggest recent improvement, at -1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Lubricants company makes the most profit?

GOCL Corporation Ltd earns the most, at ₹1,522 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. GOCL Corporation Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Lubricants company earns the highest return on capital?

Castrol India Ltd leads on return on capital employed at 60.3%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Lubricants stock is the cheapest?

On PEG — where a LOWER number is cheaper — Veedol Corporation Ltd screens cheapest at 0.51×. Only 3 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Lubricants sector beating the market?

Lubricants has underperformed NIFTY 500 by 1.6% over the last 52 weeks and 6.5% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 1 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Lubricants stock has the strongest price momentum?

GOCL Corporation Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Lubricants company scores highest for research priority?

Castrol India Ltd scores 58.6 out of 100 with 91% evidence confidence, from 15.6 points on growth and earnings, 22 on capital efficiency, 8.3 on valuation and 12.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Lubricants companies does this comparison cover, and over what period?

It compares 4 listed companies over up to 20 reported quarters of fundamentals, ending Mar 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Lubricants sector?

The 4 Lubricants companies on this page carry ₹28,053 crore of combined market value. Castrol India Ltd is the largest at ₹18,320 crore, about 65% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.

How is the Lubricants sector performing?

1 of the 4 covered Lubricants companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 1.6% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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