Gulf Oil Lubricants – A low risk way to play the economic cycle?

Seems like good time to enter in GOL and Castrol . My intention is to park my money here till I discover better opportunities
GOL
CMP- 480 approx
1. Has seen some correction and consolidation happening
2. Fast growing private player in lubricants industry with reasonable sales share
3. Improving margins scenarios because of fall in crude prices.
4.Dividend paying.

Cons –
2. INR devaluation and volatile exchange rates.
3.High Competition from PSU’s and other private players like Castrol and Tide water

Factors that could add to improvement in margins and profitability further :-
1.Smart sourcing by company to decrease packaging costs.
2. Continued Growth in two wheelers and possible improvement in commercial vehicle segments

Discl – Looking to invest shortly. No holding as on date.