Castrol

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.

COLGATE-PALMOLIVE (INDIA) LIMITED

Colgate Palmolive is the leading provider of scientifically proven oral care products at various price points. Products include toothpastes, topotpowder and toothbrushes under the "colgate" brand.
These have become the daily part of oral hygiene and therapeutic oral care in India

Under the "Pamolive" brand it has personal care products like shaving creams, lotions, face creams, baby powder and talcum powder etc.

Colgate brand has competitive advantage which is sustainable.

Inventory turnover is 19.9 for yoy 2008. EPS growth (5 year) rate is above 17 percent for yoy 2008.
Dividend for yoy 2008 is 13 rs for 1 re share.
The working capital for a turnover of 1553 cr is 7.59 cr and the net current asset is -104.68cr. The company is zero debt.

http://www.fourstocks.com/stocks/colpal/company_info/IncomeStat