Latest news with #CastrolIndia
Economic Times
3 days ago
- Business
- Economic Times
Castrol, HUL among 7 companies that paid more in dividends than their FY25 profits
Tired of too many ads? Remove Ads ET Intelligence Group: Companies with a consistent dividend paying record are often preferred by conservative investors given the reasonable certainty of annual cash flow. Apart from consistency, the extent of payout to shareholders also plays a critical role. This is determined by the payout ratio, which is dividends as a percentage of annual net profits. Companies with a high payout ratio distribute a larger share of profits among shareholders. According to an ETIG analysis, there were seven companies among the BSE 500 index components, which paid more dividends in FY25 compared with their net profits for the fiscal year. It implies dividend payout ratios in excess of 100%, aided by either special dividends or higher dividends than the previous of these companies had a market cap above ₹20,000 crore as on Friday while four had a market cap above ₹1 lakh crore indicating that more mature businesses tend to report higher payout ratios given stability in their cash flows. The list includes Castrol India , Page Industries, Tech Mahindra Hindustan Unilever (HUL), Aster DM Healthcare , and Godrej Consumer Products . Among these companies, Castrol India , HUL, and Aster DM declared special dividends. In the case of Aster DM, the company declared a substantially high special dividend of ₹118 per share after separating its Gulf business last year. It paid around ₹6,150 crore in dividend compared with its net profit of over ₹5,400 crore in the sector front, IT, FMCG, and metals topped the charts in terms of highest payout ratios. IT companies reported payout ratio of 76% for FY25 at the aggregate level, much higher th an 60% seen in the previous year. For FMCG companies, the ratio dropped to 64% from 80.5% while it increased to 53% for metal companies from 49% by similar comparison.
Time of India
3 days ago
- Business
- Time of India
Castrol, HUL among 7 companies that paid more in dividends than their FY25 profits
ET Intelligence Group: Companies with a consistent dividend paying record are often preferred by conservative investors given the reasonable certainty of annual cash flow. Apart from consistency, the extent of payout to shareholders also plays a critical role. This is determined by the payout ratio, which is dividends as a percentage of annual net profits. Companies with a high payout ratio distribute a larger share of profits among shareholders. According to an ETIG analysis, there were seven companies among the BSE 500 index components, which paid more dividends in FY25 compared with their net profits for the fiscal year. It implies dividend payout ratios in excess of 100%, aided by either special dividends or higher dividends than the previous year. Agencies Each of these companies had a market cap above ₹20,000 crore as on Friday while four had a market cap above ₹1 lakh crore indicating that more mature businesses tend to report higher payout ratios given stability in their cash flows. The list includes Castrol India , Page Industries, Tech Mahindra , Hindustan Zinc , Hindustan Unilever (HUL), Aster DM Healthcare , and Godrej Consumer Products . Among these companies, Castrol India , HUL, and Aster DM declared special dividends. In the case of Aster DM, the company declared a substantially high special dividend of ₹118 per share after separating its Gulf business last year. It paid around ₹6,150 crore in dividend compared with its net profit of over ₹5,400 crore in FY25. Explore courses from Top Institutes in Please select course: Select a Course Category Project Management healthcare Data Science Public Policy others Design Thinking Digital Marketing Healthcare Leadership Degree Cybersecurity PGDM Data Analytics CXO Technology MBA Data Science MCA Operations Management Product Management Others Artificial Intelligence Management Finance Skills you'll gain: Project Planning & Governance Agile Software Development Practices Project Management Tools & Software Techniques Scrum Framework Duration: 12 Weeks Indian School of Business Certificate Programme in IT Project Management Starts on Jun 20, 2024 Get Details Skills you'll gain: Portfolio Management Project Planning & Risk Analysis Strategic Project/Portfolio Selection Adaptive & Agile Project Management Duration: 6 Months IIT Delhi Certificate Programme in Project Management Starts on May 30, 2024 Get Details On the sector front, IT, FMCG, and metals topped the charts in terms of highest payout ratios. IT companies reported payout ratio of 76% for FY25 at the aggregate level, much higher th an 60% seen in the previous year. For FMCG companies, the ratio dropped to 64% from 80.5% while it increased to 53% for metal companies from 49% by similar comparison.
Business Standard
23-07-2025
- Business
- Business Standard
Nifty trades near 25,200 level; oil & gas shares jump
The key equity indices traded with significant gains in the mid-afternoon trade. Investors will closely monitor IPO activity, the India-US trade deal, and developments on the tariff front. The Nifty traded near the 25,200 level. Oil & gas shares advanced after declining in the past four trading sessions. At 14:25 IST, the barometer index, the S&P BSE Sensex, advanced 505.01 points or 0.60% to 82,679.42. The Nifty 50 index added 138.95 points or 0.55% to 25,199.85. The broader market underperformed the frontline indices. The S&P BSE Mid-Cap index declined 0.10% and the S&P BSE Small-Cap index shed 0.16%. The market breadth was negative. On the BSE, 1,736 shares rose and 2,199 shares fell. A total of 190 shares were unchanged. Buzzing Index: The Nifty Oil & Gas index jumped 0.30% to 11,631.95. The index fell 2.04% in the past four trading session. Castrol India (up 2.52%), GAIL (India) (up 1.16%), Adani Total Gas (up 0.94%), Petronet LNG (up 0.92%) and Reliance Industries (up 0.65%), Bharat Petroleum Corporation (up 0.59%), Gujarat Gas (up 0.53%), Aegis Logistics (up 0.51%) and Hindustan Petroleum Corporation (up 0.47%) advanced. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.08% to 6.313 from the previous close of 6.309. In the foreign exchange market, the rupee edged lowerr against the dollar. The partially convertible rupee was hovering at 85.4325 compared with its close of 86.3800 during the previous trading session. MCX Gold futures for 5 August 2025 settlement rose 0.04% to Rs 1,00,369. The US Dollar Index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.09% to 97.45. The United States 10-year bond yield rose 1.04% to 4.381. In the commodities market, Brent crude for September 2025 settlement declined 12 cents, or 0.17% to $68.47 a barrel. Stocks to Watch: Ideaforge Technology declined 6.46% after the company reported consolidated net loss of Rs 23.5 crore in Q1 FY26 compared with net profit of Rs 1.17 in Q1 FY25. Revenue from operations declined 85.17% YoY to Rs 12.78 crore during the quarter. Maharashtra Scooters shed 0.06%. The company reported a 328.09% surge in standalone net profit to Rs 35.36 crore, on a 241.54% rise in total income to Rs 29.27 crore in Q1 FY26 over Q1 FY25.
Time of India
14-07-2025
- Business
- Time of India
Castrol shares jump 6% after favourable order on Rs 4,131 crore tax dispute
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Castrol India surged 6% on Monday to hit a high of Rs 232.43 on the NSE after the company informed the exchanges about receiving a favourable order in a Rs 4,131 crore tax dispute against Maharashtra Sales Tax Department (MSTD).Castrol India shares witnessed significant volume action with over 2 crore shares changing hands on the NSE around 1:30 company had received a favourable order from Customs Excise & Service Tax Appellate Tribunal (CESTAT) on Friday after market hours."CESTAT pronounced an order in favour of the Company rejecting the appeals of MSTD for the period of 9 years i.e. from 2007-08 to 2015-16 and for 2017-18," the company filing company had received demand orders amounting to Rs 4,131 crores for the period 2007-08 to 2017-18 (10 years), from the MSTD in relation to movement of goods from its plant/warehouses in Maharashtra to Clearing and Forwarding Agents (CFAs) in other MSTD alleged that such movements constituted inter-state sales made pursuant to pre-existing customer orders in destination India contested these claims of MSTD stating that the goods were not dispatched under any prior customer orders and that the Company's tax payment methodology was legally India shares have rallied nearly 10% in 2025, so far outperforming the Nifty whose returns in the same period stand at 5.5%. However, on a 1-year basis, the counter remains a laggard declining by 16% versus 2% positive returns given by the 50-stock year's rally has taken the stock above its 50-day and 200-day simple moving averages (SMAs) of Rs 213 and 209, respectively, according to Trendlyne has traded with high volatility, with a 1-year beta of 1.1, the Trendlyne data said.
Economic Times
14-07-2025
- Business
- Economic Times
Castrol shares jump 6% after favourable order on Rs 4,131 crore tax dispute
Castrol India gains 6% after winning a ₹4,131 crore tax case against Maharashtra Sales Tax Department, easing long-standing litigation concerns and boosting stock momentum. Synopsis Castrol India shares surged 6% after the company received a favourable CESTAT ruling in a ₹4,131 crore tax dispute with the Maharashtra Sales Tax Department, dismissing decade-long claims. The verdict spurred high trading volumes and boosted investor sentiment. Shares of Castrol India surged 6% on Monday to hit a high of Rs 232.43 on the NSE after the company informed the exchanges about receiving a favourable order in a Rs 4,131 crore tax dispute against Maharashtra Sales Tax Department (MSTD). ADVERTISEMENT Castrol India shares witnessed significant volume action with over 2 crore shares changing hands on the NSE around 1:30 pm. The company had received a favourable order from Customs Excise & Service Tax Appellate Tribunal (CESTAT) on Friday after market hours. "CESTAT pronounced an order in favour of the Company rejecting the appeals of MSTD for the period of 9 years i.e. from 2007-08 to 2015-16 and for 2017-18," the company filing company had received demand orders amounting to Rs 4,131 crores for the period 2007-08 to 2017-18 (10 years), from the MSTD in relation to movement of goods from its plant/warehouses in Maharashtra to Clearing and Forwarding Agents (CFAs) in other MSTD alleged that such movements constituted inter-state sales made pursuant to pre-existing customer orders in destination states. ADVERTISEMENT Castrol India contested these claims of MSTD stating that the goods were not dispatched under any prior customer orders and that the Company's tax payment methodology was legally valid. Castrol India shares have rallied nearly 10% in 2025, so far outperforming the Nifty whose returns in the same period stand at 5.5%. However, on a 1-year basis, the counter remains a laggard declining by 16% versus 2% positive returns given by the 50-stock index. ADVERTISEMENT This year's rally has taken the stock above its 50-day and 200-day simple moving averages (SMAs) of Rs 213 and 209, respectively, according to Trendlyne has traded with high volatility, with a 1-year beta of 1.1, the Trendlyne data said. ADVERTISEMENT Also Read: Neuland Laboratories shares jump 12% ahead of final dividend (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
