ICICI Direct's research report on Gulf Oil Lubricants
Gulf Oil Lubricants is one of the leading private companies in the domestic lubricants business. The company reported volume growth at ~10% CAGR in FY17-22 • Total capacity of the company is 140 million litre.
Outlook
We maintain our HOLD rating on the stock. We value Gulf Oil Lubricants at Rs 440/ share i.e. 6.6x FY24E EPS.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
