I am looking at castrol's fundamentals. If invested the dividend yield is more attractive than a interest from a bank. The later being taxable. The trend of dividend is even more beautiful. I have interest to acquire a few shares of it.
The incremental return on retained earnings is always on the positive side and shows its intelligent deployement of capital.
Decription:
Castrol India Limited is an India-based lubricant company. The Company manufactures and markets a range of automotive and industrial lubricants. The Company markets its automotive lubricants under two brands: Castrol and BP. The Company operates in segments, including passenger car engine oils, premium two-stroke and four-stroke oils and multigrade diesel engine oils. The Company offers CRB Plus, CRB Turbo, CRB Prima and CRB Prima Plus for the diesel oil industry. The Company's brand names include GTX, Super TT, CRB, Magnatec, Activ and CRB Plus. Its BikeZone is a multibrand motorcycle service, which services two wheelers. As at December 31, 2008, the Company had 119 BikeZones in India.
Note:
The business is sound and the yield looked sweet but the price I bought was too high. I have sold it as I needed funds to invest in others companies. Probably will buy it again when the price is 15 times its earnings.
The incremental return on retained earnings is always on the positive side and shows its intelligent deployement of capital.
Decription:
Castrol India Limited is an India-based lubricant company. The Company manufactures and markets a range of automotive and industrial lubricants. The Company markets its automotive lubricants under two brands: Castrol and BP. The Company operates in segments, including passenger car engine oils, premium two-stroke and four-stroke oils and multigrade diesel engine oils. The Company offers CRB Plus, CRB Turbo, CRB Prima and CRB Prima Plus for the diesel oil industry. The Company's brand names include GTX, Super TT, CRB, Magnatec, Activ and CRB Plus. Its BikeZone is a multibrand motorcycle service, which services two wheelers. As at December 31, 2008, the Company had 119 BikeZones in India.
Note:
The business is sound and the yield looked sweet but the price I bought was too high. I have sold it as I needed funds to invest in others companies. Probably will buy it again when the price is 15 times its earnings.
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