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Top 6 Lubricants Companies in India

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Here you can find the List of Top Lubricants Companies in India. India is the world’s third-largest lubricant market, next only to the US and China, and ahead of Japan, Russia, and Brazil, with a total consumption of approximately 2.4 billion liters.

List of Top Lubricants Manufacturing Companies in India

Here is the list of Top Lubricants oil Manufacturing companies in India that are sorted out based on the turnover. The list was arranged in descending order.

6. GP Petroleums Ltd

GP Petroleums Ltd is a listed entity and a leading lubricant player specializes in industrial & automotive lubricants, process oils, transformer oils, greases and other specialties under the brand name IPOL in India and overseas market.

  • Revenue: Rs 590.46 Cr
  • Market Cap:  264.33 Cr.
  • ROE: 8.04 %
  • Sales Growth (3Yrs): 12.81 %
  • Promoter holding: 72.98 %
  • Debt to equity: 0.60
  • Price to book value: 1.21

It is part of Gulf Petrochem, a global conglomerate operating in the oil space, driving international growth with an excellent suite of development projects spread across different continents with firmly established strategic business units (SBUs); Trading (Bitumen, Base Oil, Fuel Oil & Feedstocks, Distillates, Naphtha, Coal, Petcoke, Petrochemicals), Refining, Bunkering, Oil Storage, Shipping & Logistics, Lubes & Greases Mfg. and many others.

5. Panama Petrochem Ltd

Panama Petrochem Ltd was established in 1982. With four manufacturing plants across India today, Panama Petrochem Ltd is one of the leading manufacturers and exporters of more than 80 variants of petroleum specialty products.

The products are vital for various industries like inks and resins, textiles, rubber, pharmaceuticals, cosmetics, power, cables, and other industrial purposes. It is one of top lubricant brands in India

  • Revenue: Rs 1,203 Cr
  • Market Cap:  382.02 Cr.
  • ROE: 13.21 %
  • Sales Growth (3Yrs): 19.08 %
  • Promoter holding: 52.85 %
  • Debt to equity: 0.34
  • Price to book value: 0.91

Panama Petrochem Ltd has four manufacturing units in India with a state of art technology and facilities located at Ankleshwar(Gujarat), Daman(Union Territory), Daman(Gujarat) and Taloja (Dist. Raigadh).

Petroleum Jelly, Liquid Paraffin, Transformer Oil, Rubber Process Oil and variety of other products are exported to different countries like USA, UK, Europe, Middle East, Australia, African Sub-continent and southeast Asia, etc.

4. Tide Water Oil Co (I) Ltd

Tide Water Oil Co. (India) Limited (TWOIL) has formed a 50:50 joint venture company with JX Nippon Oil & Energy Corporation (JX-NOE), the largest petroleum conglomerate in Japan. The joint venture company, JX Nippon TWO Lubricants India Private Limited (JXTL), is leveraging the capabilities of both its parent companies.

  • Revenue: Rs 1,381 Cr
  • Market Cap:  1,691 Cr.
  • ROE: 15.02 %
  • Sales Growth (3Yrs): 12.31 %
  • Promoter holding: 57.28 %
  • Debt to equity: 0.05
  • Price to book value: 2.55

JXTL is responsible for selling, marketing, distributing, and manufacturing ENEOS brand of lubricants. JXTL has entered into an agreement with TWOIL for manufacturing ENEOS products. JXTL is using the distribution network of TWOIL for the distribution of ENEOS products.

3. Gulf Oil Lubricants India Ltd

Gulf Oil Lubricants India Ltd (GOLIL), part of the Hinduja Group, is an established player in the Indian Lubricants Industry. The company brand is one of the best lubricant brands in India.

Gulf Oil International (GOI), the parent of GOLIL, owns the Gulf brand globally (except the USA, Spain & Portugal). Previously a part of Gulf Oil Corporation Limited, today, GOLIL, as part of the parent company GOI, enjoys a presence in over 100 countries.

  • Revenue: Rs 1,760 Cr
  • Market Cap:  4,017 Cr.
  • ROE: 33.74 %
  • Sales Growth (3Yrs): 19.04 %
  • Promoter holding: 72.29 %
  • Debt to equity: 0.47
  • Price to book value: 6.03

With operations primarily in the Automotive and Industrial segments, and a leading presence in the open market through a stellar distributor network, The company supply directly to OEMs and other B2B customers (Industries, Infrastructure, Mining & Fleet Customers, State Transport and Government Undertakings).

2. Savita Oil Technologies Ltd

The Company had launched automotive and industrial lubricating oils in the year 1994 in joint collaboration with a Japanese renowned group and launched its own brand of lubricating oils – Savsol – in the year 2007.

  • Revenue: Rs 2,143 Cr
  • Market Cap:  1,180 Cr.
  • ROE: 13.63 %
  • Sales Growth (3Yrs): 15.07 %
  • Promoter holding: 71.75 %
  • Debt to equity: 0.00
  • Price to book value: 1.39

The Company has over the years history of excellent vendor relations with most of the Original Equipment Manufacturers like Hero Motocorp, Honda Motorcycles, Suzuki Motorcycles, Yamaha Motorcycles, Toyota Kirloskar Motor, Honda Siel Cars, Maruti Suzuki, Telco, Mahindra & Mahindra, Kobelco, Mahindra Swaraj and many more.

1. Castrol India Ltd

Castrol was founded by Charles “Cheers” Wakefield under the name of ‘CC Wakefield & Company’ in 1899. It is one the best lubricant brands in India.

Castrol India Limited is an India-based company engaged in providing coke and refined petroleum products. The Company is involved in manufacturing lubricating oils. The Company operates through two segments: Automotive and Non-Automotive.

  • Revenue: Rs 3,877 Cr
  • Market Cap:  14,372 Cr.
  • ROE: 64.81 %
  • Sales Growth (3Yrs): 5.79 %
  • Promoter holding: 51.00 %
  • Debt to equity: 0.00
  • Price to book value: 10.51

The Company’s brands include Castrol Activ, Castrol Power1, Castrol GTX, Castrol MAGNATEC, Castrol EDGE, Castrol CRB Turbo, Castrol VECTOR, and Castrol Go!.

The Company’s products also include Castrol CRB Multi, Castrol CRB Turbo Plus, Castrol Vecton CI4+ and Castrol Magnatec Professional OE 5W20.

The Company offers Non-automotive lubricants, such as industrial lubricants, and marine and energy lubricants. The Company operates across three market sectors of the lubricants industry: Automotive, Industrial, and Marine and Energy applications.

The Company offers products for cars, motorcycles, scooters, and trucks, among others. The Company’s holding company is Castrol Limited.

Which company engine oil is best in India?

Castrol India is the best engine oil company in India. The Castrol brands include Castrol Activ, Castrol Power1, Castrol GTX, Castrol MAGNATEC, Castrol EDGE, Castrol CRB Turbo, Castrol VECTOR, and Castrol Go!.

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