Top Lubricant Stocks Compared: Castrol India vs Gulf Oil Lubricants vs Savita Oil vs GP Petroleums vs Panama Petrochem on Price, Valuation, Q2 FY27 Results and Risks
- November 12, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Previous close: Castrol India Rs 191.39, Gulf Oil Lubricants Rs 1,091.30, Savita Oil Rs 679.80, GP Petroleums Rs 65.66, Panama Petrochem Rs 442.60.
Quick Answer
This lubricant stocks compared snapshot checks five names on price, valuation and Q2 FY27 results: Castrol India, Gulf Oil Lubricants, Savita Oil, GP Petroleums and Panama Petrochem. Castrol India is the largest by market capitalisation at Rs 18,932 crore. Castrol India reports the highest return on equity at 55.65%. Lubricant makers pay out generously, so read dividend yield and returns next to every multiple.
Lubricant stocks compared here means Castrol India, Gulf Oil Lubricants, Savita Oil, GP Petroleums and Panama Petrochem on one page, checked on previous close, market value, valuation and the latest quarterly numbers. The group mixes a well known global brand, a lubricant seller with a wide dealer network, a maker of lubricants and transformer oils, a lubricant and process oil maker and a petroleum specialities producer, so each name earns from a different customer mix, which is exactly why a side-by-side look helps.
Gulf Oil Lubricants, Savita Oil, GP Petroleums and Panama Petrochem have filed their September 2026 quarter, so their results below are Q2 FY27. Castrol India is tracked on price and valuation. Lubricant makers follow vehicle sales, industrial output and base oil prices, so a glance at the Nifty Midcap 100 page and the Sensex page before you read the tables gives useful backdrop.
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Lubricant Stocks Compared: Five Oil Makers on the List
The lubricant stocks compared here are Castrol India, Gulf Oil Lubricants, Savita Oil, GP Petroleums and Panama Petrochem. Castrol India is the largest by market capitalisation at Rs 18,932 crore. Previous closes run from Rs 65.66 for GP Petroleums to Rs 1,091.30 for Gulf Oil Lubricants, which is why a side-by-side look at value rather than price is more useful. This lubricant stocks compared list is the base for every table that follows.
| Stock | Previous close (Rs) | Market cap (Rs crore) |
|---|---|---|
| Castrol India | 191.39 | 18,932 |
| Gulf Oil Lubricants | 1,091.30 | 5,403 |
| Savita Oil | 679.80 | 4,654 |
| GP Petroleums | 65.66 | 337 |
| Panama Petrochem | 442.60 | 2,679 |
A quick look at the business behind each ticker puts the numbers in context. Castrol India sells automotive and industrial lubricants under a well known global brand, while Gulf Oil Lubricants sells automotive and industrial lubricants across India. Savita Oil makes lubricants, transformer oils and speciality oils, and GP Petroleums makes lubricants, process oils and speciality petroleum products. To compare lubricant stocks properly, line up dividend yield, price to earnings and return on equity before forming a view.
Rounding out the group, Panama Petrochem makes petroleum specialities, including lubricating oils and waxes. A fair lubricant stock comparison looks at what each company actually earns from, not only at the share price. Branded sellers, transformer oil makers and speciality producers belong in separate mental boxes whenever you compare lubricant stocks fairly.
Lubricant Stocks Valuation: Multiples, Returns and Payouts
Panama Petrochem trades at the lowest price to earnings ratio in this group at 4.00. Castrol India reports the highest return on equity at 55.65%. GP Petroleums has the lowest price to book value at 0.87. These lubricant stocks valuation readings come from the previous close and the latest reported financials. That is the idea behind this lubricant stocks compared table: dividend yield and price to earnings sit side by side so a high or low reading stands out at once.
| Stock | Price to earnings | Price to book | ROE (%) | Dividend yield (%) | Debt to equity |
|---|---|---|---|---|---|
| Castrol India | 18.73 | 9.92 | 55.65 | 4.57 | 0.03 |
| Gulf Oil Lubricants | 13.47 | 3.30 | 24.70 | 4.67 | 0.52 |
| Savita Oil | 7.95 | 2.04 | 25.66 | 0.74 | 0.00 |
| GP Petroleums | 6.76 | 0.87 | 12.84 | 0.76 | 0.11 |
| Panama Petrochem | 4.00 | 1.33 | 33.13 | 0.68 | 0.04 |
Lubricant stocks often trade at varied price to earnings multiples depending on brand strength and payout policy. Price to book, return on equity and dividend yield help you judge how the market values each company and how much it pays back. Earnings per share and book value per share are the building blocks behind price to earnings and price to book, so a glance at both in each filing is time well spent. A simple lubricant stock comparison like this one is only as useful as the context behind it, which is why return on equity is worth checking as well.
In this group, price to earnings runs from 4.00 for Panama Petrochem to 18.73 for Castrol India. Gulf Oil Lubricants offers the highest dividend yield at 4.67%. Industry price to earnings readings differ by sub-sector: Castrol India at 36.80; Gulf Oil Lubricants and GP Petroleums at 33.54; Savita Oil and Panama Petrochem at 10.95. The industry price to earnings is a handy anchor: a stock above it is priced for faster growth, and one below it is priced for steadier earnings. A well-built lubricant stock comparison also notes that base oil prices and vehicle demand can move results between quarters. Run the same lubricant stock comparison on your own watchlist and the pattern in these numbers will be easier to spot. Whenever you compare lubricant stocks, note whether a premium is backed by returns or only by size.
Lubricant Stocks Q2 FY27 Results: Revenue and Profit Check
Four of the five lubricant stocks compared have filed Q2 FY27 numbers. GP Petroleums posted the fastest revenue growth at 123.3% year on year. Savita Oil showed the sharpest rise in net profit at 422.0%. Read revenue first and quarterly profit second, since the two together show how much of the growth reaches shareholders. The others are shown on their latest reported quarter, so read each one for what it is. Treat the Q2 FY27 numbers in this lubricant stocks compared review as a snapshot of one quarter, not a verdict on any lubricant maker.
| Stock | Q2 FY27 revenue (Rs crore) | Q2 FY26 revenue (Rs crore) | Q2 FY27 net profit (Rs crore) | Q2 FY26 net profit (Rs crore) |
|---|---|---|---|---|
| Gulf Oil Lubricants | 1,436 | 992.3 | 114.5 | 84.0 |
| Savita Oil | 1,714 | 1,090 | 211.9 | 40.6 |
| GP Petroleums | 342.1 | 153.2 | 14.7 | 5.5 |
| Panama Petrochem | 1,730 | 776.2 | 243.3 | 53.0 |
Castrol India Results Snapshot
Castrol India is tracked here on price and valuation. Its quarterly filing on the exchange website carries the revenue and profit detail, so read it before you set the stock against the rest.
Gulf Oil Lubricants Results Snapshot
Gulf Oil Lubricants’ Q2 FY27 top line stood at Rs 1,436 crore, versus Rs 992.3 crore in Q2 FY26, a rise of 44.7%. Net profit rose 36.4% to Rs 114.5 crore from Rs 84.0 crore. Earnings per share for the quarter rose to Rs 23.06 from Rs 17.07.
Savita Oil Results Snapshot
Savita Oil reported Q2 FY27 revenue of Rs 1,714 crore, compared with Rs 1,090 crore a year earlier, a rise of 57.2%. Net profit rose 422.0% to Rs 211.9 crore from Rs 40.6 crore. Operating margin expanded to 17.5% from 6.2% a year ago. Earnings per share for the quarter rose to Rs 30.90 from Rs 5.92.
GP Petroleums Results Snapshot
In the September 2026 quarter, GP Petroleums booked revenue of Rs 342.1 crore against Rs 153.2 crore in the same quarter last year, a rise of 123.3%. Net profit rose 167.8% to Rs 14.7 crore from Rs 5.5 crore. Operating margin expanded to 6.4% from 5.9% a year ago. Earnings per share for the quarter rose to Rs 2.87 from Rs 1.07.
Panama Petrochem Results Snapshot
Panama Petrochem’s Q2 FY27 top line stood at Rs 1,730 crore, versus Rs 776.2 crore in Q2 FY26, a rise of 122.9%. Net profit rose 359.2% to Rs 243.3 crore from Rs 53.0 crore. Operating margin expanded to 17.6% from 9.3% a year ago. Earnings per share for the quarter rose to Rs 40.22 from Rs 8.76.
Lubricant results depend on volumes, base oil costs, pricing power and the mix of premium products, so profit can look different from revenue in a single quarter. That is why a lubricant stock comparison works best when revenue and profit are read together across two or three quarters. Used this way, a lubricant stocks compared review becomes a map of the sector rather than a price list. When you compare lubricant stocks after each result season, track how return on equity changes from one quarter to the next. A lubricant stock comparison built on one quarter of data is a starting point, and the next set of results will update it.
Lubricant Stocks Compared Two at a Time: Three Pairings
Readers rarely want a five-way table and nothing else, so here are three head-to-head reads drawn from the same data. Use them as a quick way to compare lubricant stocks two at a time.
Castrol India vs Gulf Oil Lubricants
Castrol India and Gulf Oil Lubricants both sell automotive and industrial lubricants through wide dealer networks. On price to earnings, Gulf Oil Lubricants carries the lower multiple at 13.47 against 18.73 for Castrol India. Castrol India reports the higher return on equity, at 55.65% against 24.70% for Gulf Oil Lubricants. For dividend income, Gulf Oil Lubricants offers 4.67% against 4.57% at Castrol India. Both are brand led, so read returns and valuation side by side before you judge either multiple.
Savita Oil vs GP Petroleums
Savita Oil makes lubricants, transformer oils and speciality oils, while GP Petroleums makes lubricants and process oils. Savita Oil reports the higher return on equity, at 25.66% against 12.84% for GP Petroleums. For dividend income, GP Petroleums offers 0.76% against 0.74% at Savita Oil. In Q2 FY27, GP Petroleums grew revenue faster, at 123.3% year on year against 57.2% for Savita Oil. Both mix lubricants with speciality oils, so read the business mix before you read the ratio.
Panama Petrochem vs Castrol India
Panama Petrochem makes petroleum specialities such as lubricating oils and waxes, while Castrol India focuses on branded lubricants. Castrol India is about 7.1 times the size of Panama Petrochem by market capitalisation, at Rs 18,932 crore against Rs 2,679 crore. On price to earnings, Panama Petrochem carries the lower multiple at 4.00 against 18.73 for Castrol India. Castrol India reports the higher return on equity, at 55.65% against 33.13% for Panama Petrochem. A specialities producer and a consumer brand are priced differently, so read returns and valuation together.
Best Lubricant Stocks for Each Type of Investor
If you are asking which of the best lubricant stocks here suits you, the answer depends on what you value. The table below shows who leads on each measure today, which is the fairest way to answer without naming a single winner. Any lubricant stocks compared table can mislead if you stop at one row, because each lubricant maker leads on a different measure. Used with care, a lubricant stock comparison turns scattered ratios into a short list of questions worth asking.
| If you care most about | Start your research with | The number |
|---|---|---|
| Lowest price to earnings | Panama Petrochem | 4.00 |
| Highest return on equity | Castrol India | 55.65% |
| Highest dividend yield | Gulf Oil Lubricants | 4.67% |
| Lowest price to book value | GP Petroleums | 0.87 |
| Largest by market capitalisation | Castrol India | Rs 18,932 crore |
| Fastest Q2 FY27 revenue growth | GP Petroleums | 123.3% |
| Sharpest Q2 FY27 net profit rise | Savita Oil | 422.0% |
No single name tops every row, which is exactly why a lubricant stock comparison helps. Scale, returns, payouts and valuation each point to a different company, so decide what matters most to you before you rank the numbers.
What Is Driving Lubricant Demand Across Vehicles and Industry Right Now?
Vehicle growth, industrial output and rural demand support steady lubricant sales. Strong brands and wide dealer networks help companies hold on to their customers. Knowing what moves base oil prices and vehicle demand helps you compare lubricant stocks with the right questions in mind.
Base oil prices, pricing power and the mix between premium and regular products decide margins. Firms with broad product ranges can adjust to cost swings better. A good lubricant stocks compared routine therefore tracks volumes, margins and base oil costs. The sector backdrop helps every name here, but a lubricant stock comparison shows it does not help them equally.
Risks to Weigh When You Compare Lubricant Stocks
Lubricant stocks depend on base oil prices, vehicle sales, competition and the slow shift to electric vehicles. Valuations vary widely, so read each filing for volume, margin and cost commentary before you compare them. Every lubricant stock comparison has blind spots, and for this group the biggest is base oil prices and vehicle demand. A thoughtful lubricant stocks compared review keeps these risks next to the numbers instead of in a footnote.
Because volumes, margins and base oil costs drive these businesses, the most useful habit is to read the management commentary that comes with every result and note what is expected for the next quarter. Read together, the risk notes and the tables make this lubricant stocks compared guide a balanced starting point.
How to Compare Lubricant Stocks and Build a Shortlist
Start by deciding whether you want branded vehicle lubricants or industrial and speciality oils, because each responds to different triggers. Brand led names reward readers who track vehicle sales and premium mix, while speciality producers reward those who track industrial demand. Done step by step, this lubricant stocks compared routine becomes repeatable rather than a one-off exercise.
Then check valuation and returns, because premium multiples leave less room for slips and base oil prices can move margins. Spreading your attention across one brand and one speciality producer is a simple way to see both sides of the sector. Keep the shortlist of best lubricant stocks short enough that you can actually follow each company’s quarterly results. When you compare lubricant stocks again after new results, update only the rows that changed instead of starting over.
The Univest stock screener lets you filter lubricant stocks by market capitalisation, return on equity and price to earnings, and the app keeps live prices a tap away through the trading day. Come back to this lubricant stocks compared page after the next set of results to see which numbers have moved.
Check the Univest Screener for live lubricant stock data
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Conclusion: Lubricants Stocks Compared at a Glance
This lubricant stocks compared review on price, valuation and Q2 FY27 results shows that no single name wins every measure. Castrol India leads on both size and return on equity, though the others bring strengths of their own. Treat the lubricant stocks Q2 FY27 results and lubricant stocks valuation tables as a research starting point, then check the filings and speak to a SEBI-registered advisor before you invest. If you plan to compare lubricant stocks again next quarter, the same checklist of dividend yield, price to earnings and return on equity will work.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on Lubricants Stocks Compared
Which are the top lubricant stocks compared in this article?
Ans. The lubricant stocks compared in this article are Castrol India, Gulf Oil Lubricants, Savita Oil, GP Petroleums and Panama Petrochem. They are checked on previous close, market capitalisation, price to earnings, price to book, return on equity and the latest quarterly results, so you get a clear side-by-side starting point before you open any single company’s filings in more depth.
Which lubricant stock has the highest market capitalisation?
Ans. Among the five names, Castrol India has the highest market capitalisation at Rs 18,932 crore. Gulf Oil Lubricants follows at Rs 5,403 crore. Market capitalisation is the total value the market places on a company and moves with the share price every day, so check the live figure before you rely on it.
Which of these lubricant stocks has the lowest price to earnings ratio?
Ans. On lubricant stocks valuation, Panama Petrochem has the lowest price to earnings ratio among these lubricant stocks at 4.00, based on the latest reported earnings. Castrol India sits at the other end at 18.73. A lower multiple is not automatically better, since growth, margins and business quality all influence what investors are willing to pay.
Which lubricant stock has the highest return on equity?
Ans. Castrol India reports the highest return on equity in this group at 55.65%. Return on equity shows how much profit a company earns on shareholder funds, so a higher figure usually points to efficient use of capital. Compare it over several years, and keep debt levels in mind, because heavy borrowing can lift the ratio.
How did lubricant stocks perform in Q2 FY27 results?
Ans. Four of the five names have filed Q2 FY27 numbers in our data. GP Petroleums recorded the fastest revenue growth at 123.3% year on year. Savita Oil showed the sharpest net profit rise at 422.0%. For lubricant stocks Q2 FY27 results, the others are covered on their latest reported quarter, and each filing on the exchange website carries the full detail.
What are the main risks when you compare lubricant stocks?
Ans. Lubricant stocks depend on base oil prices, vehicle sales, competition and the slow shift to electric vehicles. Valuations vary widely, so read each filing for volume, margin and cost commentary before you compare them. Keep an eye on volumes, margins and base oil costs.
Which metrics matter most when you compare lubricant stocks?
Ans. Volumes, operating margin, base oil costs and the share of premium products matter most for operating performance. Price to earnings, price to book, return on equity and dividend yield show how the market values each company. Read each company’s filing for these along with the numbers in this article.
Which is the best lubricant stock to buy among these five?
Ans. The best lubricant stock depends on whether you value branded vehicle lubricants, transformer oils or speciality products, because the five names differ on all three. On the numbers in this article, Castrol India has the largest market capitalisation as well as the highest return on equity; Panama Petrochem has the lowest price to earnings; Gulf Oil Lubricants has the highest dividend yield. No single stock tops every measure, and none of this is a recommendation. Use the tables to build a shortlist, check the latest filings, and speak to a SEBI-registered advisor before you decide, since your goals, time horizon and risk appetite matter more than any ranking.
