Toh bhai log, Motul India ka plan toh bada hai. Unko FY27 tak apna revenue ₹1,250 crore tak le jaana hai, matlab 13-14% ka growth pakadna hai. Target hai market mein share double digits mein lana, aur 2030 tak second biggest player ban jaana. Yeh sab focus kar rahe hain premium products aur high-performance oils par, jo abhi unke revenue ka 90% se zyada hissa banate hain.
Par bhaiyya, yahaan ek bada twist hai. Middle East mein jo chal raha hai na, uske kaaran lubricants ke liye zaroori base oil ke prices 50% tak badh gaye hain. Yeh bahut bada pressure hai company ke plans par. Industry mein bhi growth slow hone ka estimate hai, FY27 mein sirf 1% tak.
Isiliye, Motul India ne already 30-35% cost increase customers par daal diya hai, aur June mein ek aur price hike ka plan hai, jaise baaki companies bhi kar rahi hain. Company apne premium products, jaise naya IPONE launch kiya hai, us par rely kar rahi hai. Premium aur synthetic oils abhi 25% sales mein hain.
Dekho, Castrol India 18.5-19.5x P/E par trade ho raha hai, aur Gulf Oil 13-17x par. Motul SA ka toh pata nahi, but comparison mushkil hai. Company EV battery cooling fluids jaise nayi cheezon par bhi kaam kar rahi hai, jo future ke liye achha hai. Aur Bajaj Auto, Yamaha, Suzuki jaise OEMs ke saath partnerships bhi chal rahi hain.
