What is the future projection of Lubricant Stocks?

Lubricant stocks are likely to benefit from steady industry growth, with India’s lubricants market expected to expand at ~4-4.4 % CAGR through 2030, supported by rising automotive and industrial demand. Synthetic lubricants could grow at ~3.9-6.5 % CAGR, while industrial segments see ~3.8 % growth. Earnings for key players like Gulf Oil show double‑digit EPS growth (~12 %). Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.

How to choose Lubricant Stocks for investing?

In lubricant stocks, start with financial analysis of revenue growth, operating margins, and cash flows. Conduct fundamental analysis of demand trends across automotive and industrial sectors. Compare valuations with competitors, especially on metrics like ROE and dividend yield. Assess raw material sourcing, brand recall, and distribution strength. Keep track of global crude oil prices and regulatory standards affecting lubricant formulations. With over 200+ filters, you can fundamentally analyse and evaluate the stocks on Tickertape Stock Screener and identify stocks that aligns with your investment thesis. Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.

Do Lubricant Stocks offer regular dividends?

This sector is among the more reliable dividend payers given their steady cash flows. Companies like Castrol India are popular for regular dividends. However, you can use Tickertape Stock Screener to filter Lubricant Stocksby dividend yield, dividend history, and payout ratios to identify consistent payers. Disclaimer: This is only for educational purposes as the latest data is derived from Tickertape Stock Screener.

What are the factors affecting Lubricant Stocks prices?

Lubricant stocks move with crude-linked base oil prices, foreign exchange fluctuations, and competition in the market. Demand largely depends on automobile sales and industrial activity, while OEM partnerships and premium product offerings help sustain margins. Distribution reach and brand strength are equally important drivers. Disclaimer: Please note that the above information is for educational purposes only.

List of Lubricant Stocks in India (2025)

Q: How to invest in Lubricant Stocks?

Here’s how you can invest in Lubricant stocks - Go to the Tickertape Stock Screener Select the "Lubricant" stocks. From the Lubricant stocks, analyse and sort the Lubricant stocks using over 200+ filters - including valuation ratios, financials, technical indicators, and more - based on your investment thesis. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Lubricant stocks. Disclaimer: Please do your own research or consult your financial advisor before investing.

Lubricant stocks represent companies producing oils and greases for automotive, industrial, and marine uses. Driven by vehicle sales, industrial output, and oil prices, they play a key role in the manufacturing and mobility ecosystem.

Top Lubricant Stocks in 2025

Lubricant Stock Screener

Lubricant Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 8 of 8 results

last updated at 6:30 PM IST

	NameStocks (8)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE RatioPE Ratio↓	↓1D Return1D Return↓	↓1M Return1M Return↓	↓6M Return6M Return↓	↓1Y Return1Y Return↓	↓PB RatioPB Ratio↓	↓Return on EquityReturn on Equity↓	↓ROCEROCE↓	↓Dividend YieldDiv Yield↓	↓Debt to EquityDebt to Equity↓	↓Volatility vs NiftyVolatility vs Nifty↓
1.	Castrol India Ltd CASTROLIND	Commodity ChemicalsCommodity Chemicals	18,919.9318,919.93	191.28191.28	20.4020.40	-0.37-0.37	-1.95-1.95	-12.01-12.01	-7.84-7.84	8.308.30	42.1542.15	53.5753.57	6.806.80	0.040.04	2.432.43
2.	Gulf Oil Lubricants India Ltd GULFOILLUB	Commodity ChemicalsCommodity Chemicals	5,760.535,760.53	1,168.001,168.00	16.0116.01	0.720.72	-7.34-7.34	0.090.09	1.511.51	3.763.76	24.8424.84	32.3032.30	4.114.11	0.300.30	2.542.54
3.	Veedol Corporation Ltd VEEDOL	Commodity ChemicalsCommodity Chemicals	2,759.972,759.97	1,624.001,624.00	16.3616.36	-0.34-0.34	-7.75-7.75	-2.68-2.68	-13.89-13.89	3.023.02	19.3819.38	20.8820.88	3.413.41	0.020.02	2.392.39
4.	Savita Oil Technologies Ltd SOTL	Commodity ChemicalsCommodity Chemicals	2,540.512,540.51	370.55370.55	22.4422.44	0.710.71	-5.52-5.52	-12.90-12.90	-29.19-29.19	1.531.53	6.906.90	10.9110.91	1.081.08	0.000.00	2.722.72
5.	Panama Petrochem Ltd PANAMAPET	Specialty ChemicalsSpecialty Chemicals	1,757.941,757.94	290.60290.60	9.409.40	-0.80-0.80	7.157.15	-21.00-21.00	-23.64-23.64	1.401.40	15.8715.87	18.9918.99	1.031.03	0.030.03	2.642.64
6.	Gandhar Oil Refinery (INDIA) Ltd GANDHAR	Oil & Gas - Refining & MarketingOil & Gas - Refining & Marketing	1,225.651,225.65	125.22125.22	15.3115.31	-2.02-2.02	-4.86-4.86	-30.43-30.43	-47.32-47.32	0.950.95	6.376.37	11.3011.30	0.400.40	0.240.24	2.512.51
7.	GP Petroleums Ltd GULFPETRO	Commodity ChemicalsCommodity Chemicals	182.27182.27	35.7535.75	6.926.92	-1.97-1.97	-9.12-9.12	-23.90-23.90	-43.06-43.06	0.550.55	8.338.33	10.8510.85	--	0.100.10	2.752.75
8.	Arabian Petroleum Ltd ARABIAN	Commodity ChemicalsCommodity Chemicals	77.3977.39	71.0571.05	8.518.51	-2.67-2.67	-3.48-3.48	-1.66-1.66	-18.52-18.52	1.331.33	16.9516.95	25.3025.30	--	0.480.48	3.213.21

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Lubricant Stocks, based on publicly available information and is sorted by market cap.

What are Lubricant Stocks?

Lubricant stocks refer to publicly traded firms involved in manufacturing and marketing lubricating oils, greases, and specialty fluids used in automotive, industrial, and transformer applications. These include branded players and integrated energy companies.

Overview of the Top Lubricant Stocks

Castrol India Ltd

Castrol India Ltd, a subsidiary of BP, is one of the country’s leading automotive and industrial lubricant companies. With a wide range of engine oils, greases, and specialty fluids, it serves automotive, marine, and industrial sectors. The company focuses on technology-driven performance and a strong retail distribution network.

Gulf Oil Lubricants India Ltd

Gulf Oil Lubricants India Ltd, part of the Hinduja Group, manufactures and markets automotive and industrial lubricants. With the Gulf brand’s global legacy, it offers engine oils, greases, and specialty products. The company emphasises innovation, partnerships with OEMs, and an extensive retail presence across urban and rural markets.

Veedol Corporation Ltd

Veedol Corporation Ltd is a global lubricant brand owned by Tide Water Oil Company (part of Andrew Yule Group). In India, Veedol offers automotive and industrial lubricants, catering to cars, trucks, and motorcycles. Known for quality and performance, it has a strong domestic and international footprint in lubricant solutions.

Savita Oil Technologies Ltd

Savita Oil Technologies Ltd is a leading Indian specialty petroleum products company. It manufactures transformer oils, white oils, lubricating oils, and automotive fluids under the Savsol brand. With a focus on renewable energy lubricants and innovation, it supplies to industries like power, textiles, plastics, and automotive.

Panama Petrochem Ltd

Panama Petrochem Ltd is a key Indian manufacturer and exporter of petroleum specialty products. Its portfolio includes liquid paraffin, white oils, transformer oils, rubber processing oils, and lubricants. With manufacturing units in India and global exports, the company serves pharmaceuticals, textiles, automotive, plastics, and cosmetics industries.

About Lubricant Sector in India

India ranks as the world’s third-largest lubricant market, trailing only the U.S. and China, with annual consumption estimated at ~2.4 bn liters. Major players include Castrol India, Gulf Oil Lubricants, Savita Oil Technologies, HPCL, and BPCL.

The Indian lubricants sector is currently valued in the range of $4.5-7 bn, depending on the source and methodology, with forecasts projecting growth to $9-10 bn by 2030–2033, at a CAGR of 4-5%. In volume terms, the market is expected to grow from about 3 bn liters in 2025 to nearly 3.8 bn liters by 2030. The automotive segment remains the dominant driver, particularly engine oils, while government-led industrial expansion and modernization continue to bolster demand in the industrial segment, which is separately projected to increase from $2.5 bn today to $4-4.3 bn by 2035. Divergences in estimates arise from differences in scope, whether based on revenue vs. volume, inclusion of industrial/marine/aerospace sectors, or definition of industrial applications.

How to Invest in Lubricant Stocks?

Investing in lubricant stocks using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in lubricant stocks:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for Lubricant Stocks: Go to Tickertape Stock Screener and search for lubricant stocks.
Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or dividend yield. You can create your own custom filter if your preferred parameters are not available. This can help you narrow down the top lubricant stocks in India.
Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
Invest Through Your Broker: Once you’ve identified lubricant stocks that align with your investment thesis, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

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Advantages of Investing in Lubricant Stocks

Stable and Predictable Demand

Lubricants maintain stable, recurring demand across sectors. They remain essential for vehicles and machines, which ensures predictable sales even during periods of modest economic growth.

Strong Brands and Dealer Networks

Strong brand trust and dealer networks support market leaders like Castrol India. These companies leverage deep dealer penetration and premium consumer positioning, which helps them maintain strong market share.

Operational Integration and Efficiency

Integrated operations increase efficiency. PSU players such as HPCL produce base oils internally and use vast fuel retail networks, which strengthens margins and boosts scale.

Growth in Specialty Lubricant Segments

Specialty segments such as transformer oils and industrial fluids are seeing emerging growth. Companies like Savita Oil and Apar Industries secure OEM and industrial contracts, including deals with Tata Motors, which creates new growth opportunities.

Economic Downturn Resilience

Lubricants show resilience during economic downturns. Because they are essential for maintenance, demand tends to stay steady even when the economy slows.

Risks of Investing in Lubricant Stocks

Volatile Raw Material Prices

Volatile raw material prices can squeeze margins. Base oil costs often fluctuate, which reduces profitability unless manufacturers can pass price increases on to customers.

High Competition and Price Pressure

Intense competition and price sensitivity force companies to keep prices low and offer frequent discounts.

Sector Dependence

Lubricant demand depends heavily on the automotive and industrial sectors. A decline in vehicle sales or industrial output can significantly reduce demand.

Regulatory and Supply Chain Challenges

Regulatory changes can impact base oil sourcing. Since many lubricants rely on imported base oils, global trade disruptions or price swings can affect supply chains.

Environmental Transition Risks

The environmental transition introduces new risks. As electric vehicle adoption grows, demand for conventional engine oils may decline. Companies must adapt by developing new lubricant formulations.

Factors to Consider Before Investing in Lubricant Stocks

Brand Strength and Market Access

Brand positioning and distribution play a major role. Strong brands like Castrol and Gulf depend on extensive dealer networks and consumer trust, which ensures stability even in volatile markets.

Operational Integration and Cost Advantages

Integration and cost structure provide competitive advantages. PSUs such as HPCL and BPCL benefit from internal base oil production and efficient retail channels.

Expansion into Specialty Segments

Growth in specialty segments adds upside potential. Companies like Savita Oil and Apar Industries expand into transformer oils, OEM contracts, and industrial lubricants, which offers premium growth.

Adaptability to Policy and Market Trends

Diversification and policy trends shape long-term prospects. Investors should evaluate company exposure to the EV transition, industrial modernization, and sustainability mandates, which will influence future demand.

Conclusion

Lubricant stocks combine steady demand with industrial and consumer relevance, supported by established brands and integrated players. India’s expanding auto fleet and infrastructure reinforce growth prospects, though margin pressures and the EV transition require caution. Use Tickertape Stock Screener, with 200+ filters, to identify lubricant stocks aligned with your growth, dividend, or defensive strategy and strengthen your portfolio choices.

Frequently Asked Questions on Lubricant Stocks

What are Lubricant Stocks?
Lubricant stocks are shares of companies that produce and market oils, greases, and fluids used to reduce friction in vehicles and machinery. Demand is linked to automobile sales, industrial growth, and ongoing maintenance needs across sectors.
How to invest in Lubricant Stocks?
Here’s how you can invest in Lubricant stocks -
1. Go to the Tickertape Stock Screener
2. Select the "Lubricant" stocks.
3. From the Lubricant stocks, analyse and sort the Lubricant stocks using over 200+ filters - including valuation ratios, financials, technical indicators, and more - based on your investment thesis.
4. Review the filtered list, and identify stocks that best align with your risk appetite, return expectations, and investment goals.
5. Once you've shortlisted the stocks, click ‘Place Order’ to invest in your preferred Lubricant stocks.
Disclaimer: Please do your own research or consult your financial advisor before investing.
What is the future projection of Lubricant Stocks?
Lubricant stocks are likely to benefit from steady industry growth, with India’s lubricants market expected to expand at ~4-4.4 % CAGR through 2030, supported by rising automotive and industrial demand. Synthetic lubricants could grow at ~3.9-6.5 % CAGR, while industrial segments see ~3.8 % growth. Earnings for key players like Gulf Oil show double‑digit EPS growth (~12 %).

Disclaimer: This is only for educational purposes as the latest data is derived from major financial research reports.
How to choose Lubricant Stocks for investing?
In lubricant stocks, start with financial analysis of revenue growth, operating margins, and cash flows. Conduct fundamental analysis of demand trends across automotive and industrial sectors. Compare valuations with competitors, especially on metrics like ROE and dividend yield. Assess raw material sourcing, brand recall, and distribution strength. Keep track of global crude oil prices and regulatory standards affecting lubricant formulations. With over 200+ filters, you can fundamentally analyse and evaluate the stocks on Tickertape Stock Screener and identify stocks that aligns with your investment thesis.

Disclaimer: Please note that this is not a recommendation. Please do your own research or consult your financial advisor before investing.
Do Lubricant Stocks offer regular dividends?
This sector is among the more reliable dividend payers given their steady cash flows. Companies like Castrol India are popular for regular dividends. However, you can use Tickertape Stock Screener to filter Lubricant Stocksby dividend yield, dividend history, and payout ratios to identify consistent payers. Disclaimer: This is only for educational purposes as the latest data is derived from Tickertape Stock Screener.
What are the factors affecting Lubricant Stocks prices?
Lubricant stocks move with crude-linked base oil prices, foreign exchange fluctuations, and competition in the market. Demand largely depends on automobile sales and industrial activity, while OEM partnerships and premium product offerings help sustain margins. Distribution reach and brand strength are equally important drivers.

Disclaimer: Please note that the above information is for educational purposes only.

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