Lubricant Manufacturers are very important for high-end and constant performance. All types of machinery require timely lubrication and maintenance. Everything from your table fan to a Buggati sports vehicle needs adequate oiling to ensure a long life. As a result, we never hesitate to purchase lubricants. Lubricants reduce wear, heat, and friction between mechanical components, and they are divided into two categories: synthetic and mineral.
Natural oils are produced from crude oil, whereas synthetic oils are created artificially. In the present market, natural lubricants are in more demand than synthetic lubricants. Lubricating oils are required in all heavy machinery industries, in addition to having a good reputation in the car business. As a result, you can already estimate the demand to have lubricant manufacturers in India.
List of India's Leading Lubricant Manufacturers
The Top Lubricants Companies in India are listed below. With a cumulative consumption of around 2.4 billion litres, India is the world's third-largest lubricant market, behind only the United States and China, and ahead of Russia, Japan, and Brazil. The following is a list of the top lubricants oil manufacturing firms in India, organised by turnover. The items were listed in decreasing order.
1. Castrol India Ltd:
In 1899, Charles "Cheers" Wakefield established Castrol under the name 'CC Wakefield & Company.' It is one of India's greatest and best lubricant manufacturers. Castrol India Limited is a coke and refined petroleum products manufacturer situated in India. The company is in the business of producing lubricating oils. The business is divided into two segments: automotive and non-automotive. Castrol CRB Turbo Plus, Castrol CRB Multi, Castrol Magnatec Professional OE 5W20, and Castrol Vecton CI4+ are among the company's other products. Industrial, Automotive, Marine, and Energy applications are the three market segments in which the company works. The firm sells items for automobiles, motorbikes, scooters, and trucks, among other things. Castrol Limited is the holding company for the corporation. In India, which company produces the finest engine oil? Castrol India is India's top engine oil manufacturer.
- 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
2. Gulf Oil Lubricants India Ltd:
The Hinduja Group's Gulf Oil Lubricants India Ltd (GOLIL) is a well-known lubricant manufacturer. The company's lubricant brand is one of the best in India. GOLIL's parent company, Gulf Oil International (GOI), controls the Gulf brand worldwide (except in Spain, Portugal and the USA). GOLIL now operates in more than 100 countries. The firm supplies directly to OEMs and other B2B clients, with activities principally in the Automotive and Industrial categories and a dominant position in the open market through a superb distributor network (Infrastructure, Industries, State Transport, Mining & Fleet Customers, and Government Undertakings).
- 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
3. Savita Oil Technologies Ltd:
In 1994, the company introduced automotive and industrial lubricating oils in conjunction with a well-known Japanese company, and in 2007, it debuted its brand of lubricating oils, Savsol. Most Original Equipment Manufacturers, including Honda Motorcycles, Hero Motocorp, Suzuki Motorcycles, Mahindra Swaraj, Toyota Kirloskar Motor, Yamaha Motorcycles, Honda Siel Cars, Telco, Mahindra & Mahindra, Maruti Suzuki, Kobelco, and others have excellent vendor relations with the company over the year and are among the best lubricant manufacturers in India.
- 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
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4. GP Petroleums Ltd:
GP Petroleums Ltd is a publicly-traded company that produces industrial and automotive lubricants, process oils, transformer oils, greases, and other specialty products under the IPOL brand in India and abroad. Trading (Base Oil, Bitumen, Fuel Oil & Feedstocks, Naphtha, Distillates, Coal, Petcoke, Petrochemicals), Bunkering, Refining, Oil Storage, Lubes & Greases Mfg., Shipping & Logistics, and many others are all parts of Gulf Petrochem, that drives international growth and claim to have the best lubricant in India.
- 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
5. Panama Petrochem Ltd:
In 1982, Panama Petrochem Ltd was founded. Panama Petrochem Ltd is one of the main makers and exporters of more than 80 types of petroleum specialty products in India, with four manufacturing units. Textiles, inks and resins, electricity, medicines, rubber, cosmetics, cables, and other industrial applications all rely on the items. It is one of India's most popular lubricant brands. Panama Petrochem Ltd has four production sites in India, one each at Daman (Union Territory), Ankleshwar (Gujarat), Taloja (Gujarat) (Dist. Raigadh). Rubber Process Oil, Petroleum Jelly, Transformer Oil, Liquid Paraffin, and a range of other goods are shipped to nations such as the United Kingdom, the United States, Europe, the Australia, Middle East, the African Subcontinent, and Southeast Asia, among others.
- 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
6. Tide Water Oil Co (I) Ltd:
JX Nippon Oil & Energy Corporation (JX-NOE), Japan's largest petroleum conglomerate, has launched a 50:50 joint venture business with Tide Water Oil Co. (India) Limited (TWOIL). JX Nippon TWO Lubricants India Private Limited (JXTL) is a joint venture that combines the strengths of both parent businesses. The ENEOS brand of lubricants is marketed, sold, distributed as well as manufactured by JXTL. JXTL and TWOIL have agreed to collaborate on the production of ENEOS products. TWOIL's distribution network is being used by JXTL to distribute ENEOS goods.
- 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
7. Nexton Lubricants:
Nexton Lubricants, has been in the business of exporting, manufacturing, trading, and retailing a wide range of Engine Oils since 2014. Car Engine Oil, Hydraulic Oil, and Bike Engine Oil are among the lubricating oils they give to their reputable customers. The engine oils in this category are made from the highest quality basic components sourced from the industry's most reliable suppliers. Clients value the offered oils for their superior quality, longer shelf life, and superior performance. Aside from that, they provide the given engine oils at a cost-effective pricing range in a variety of package options to best meet the needs of their customers. They sell products under the "Nexton" brand. Bangladesh, Nepal, Togo, Uganda, and Kenya are the main export destinations. This company is supported by a group of multi-talented individuals who play an important part in its growth. At their cutting-edge infrastructure facility, they've installed all of the necessary machines and tools. These highly qualified individuals are experts in their fields. They have divided the team into numerous sub-teams based on their working experience and areas of specialty to perform the assigned assignment in a timely and efficient manner. They have a large client base in the sector because of their quality certified product line.
8. Shell:
In India's energy industry, Shell is one of the most diverse multinational oil companies. It is India's largest private sector supplier of crude oil and chemicals. Shell has a substantial technological centre, a finance business operations centre, and manages a joint venture LNG receipt and regasification plant in the nation, employing approximately 4000 people. Shell has signed MOUs with the nation for a floating LNG project. Shell also sells fuels, lubricants, and specialty goods in the downstream market. In Bengaluru, it has opened an in-house global IT centre. Shell's refining and marketing activities for oil products and chemicals are managed by their Downstream business. These operations are divided into business classes that are controlled internationally. Manufacturing, supplying, and exporting crude oil are all part of the refining process. Marketing sells a variety of goods for transportation, residential, and industrial usage, including lubricants, fuels, bitumen, and liquefied petroleum gas (LPG).
9. VIP Oil Products Ltd:
VIP Oil Products Ltd, an industry-leading Engine Lubricant and Grease Manufacturer and Trader, had its roots in 1986. They are managing a broader portfolio of the qualitative range of fluids, including Gear Oil, Engine Lubricant, and Brake Fluid, to fulfil the multiplicity of vehicle performance needs. They have received widespread acclaim for their products, which have favourable qualities such as, optimal heat processing capabilities, exact composition, corrosion resistance, low emission, outstanding shear stability, and all-weather performance. Thanks to their extensive product knowledge for which they have been playing a pivotal role. This company is led by capable individuals that have a long history in the industry as well as excellent professional talents. Furthermore, the corporate principles enable them to encourage operational excellence to maintain their leading position. The infrastructure and production methods bear witness to their transparent culture, which enabled them to manufacture high-performance engine fluids with the highest level of purity. Furthermore, they strive to provide added value to their clients thereby ensuring that they get the highest quality raw materials from industry leaders. In addition to creativity and honesty, their business principles are founded on client sovereignty, which allows them to carve out a space in the market.
10. Venlub Petro Products Private Limited:
Venlub Petro Products Private Limited, a renowned manufacturer of rubber processing oil, industrial specialty oil, lubricant oil, machine oil, and other products, was founded in 1996. These lubricating oils are widely valued by our clients due to their great lubricating efficiency, thermal stability, high viscosity, and precise composition. Because of their extended and improved shelf life, the supplied lubricating oils may be stored for longer periods. We have been able to meet the specific demands of our clients in the most effective manner thanks to a team of trained employees. Our specialists collaborate and are near provide a trouble-free environment. They are trained at regular intervals to improve and polish their talents as quickly as possible.
Conclusion
That was the list of the best lubricant companies and lubricants in India. According to research, the lubricating oil industry would grow by 44 percent by 2035. Because the profit margin for this company model is substantial, it is catching the attention of many prospective investors. Lubricating oils have a bright future. Many efforts are being made to separate clean oil from old oil, but extensive cleaning procedures are necessary to assure that it is sustainable. A lubricating oil business will not disappoint you, and all it takes is a solid foundation. We hope you now have a better understanding of the finest lubricant companies in India.
FAQs: Lubricants
Q. What makes motor oil so costly?
Ans. The cost of motor oil has been driven up by higher crude oil prices and new synthetic formulations.
Q. Now that the lockdowns have been removed, will Gulf Oil be offering any new products?
Ans. Gulf has relaunched its most popular product brand, Gulf Pride 4T Ultra Plus motorcycle engine oil, with an improved product composition that provides faster pickup, higher drain capacity, and better protection. It's BS-VI compliant.
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