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A fall in crude prices will positively impact manufacturers that use crude as that reduces their input costs and gives them more leeway to generate higher margins.
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CEAT board has recommended a final dividend of Rs 30 for FY24, subject to the approval of the members at the upcoming AGM.
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In its 166-page order, the tribunal has remanded back all cases for review to CCI and also directed the regulator to pass a fresh order "after hearing the parties".
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As raw material prices soften and chip shortage eases, tyre companies are ready to roll, given the strong demand outlook
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Input costs are likely to remain high in the near term and the crucial question is whether tyre makers will be able to pass them on
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The pandemic and heavy rain in Kerala disrupted domestic rubber supply, while the shortage of containers delayed imports of natural rubber needed by tyre makers, prompting them to get together to charter a vessel for shipping in their raw material
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Tyre manufacturers — CEAT, Apollo Tyres and MRF — are seeing a stellar ride on the back of a sharp pick-up in demand from OEMs and the replacement segment. Q4 FY21 numbers corroborate the strong pick-up in demand. At the current market price, valuations of these companies look attractive given the demand outlook. Here’s why you should include them in your core portfolio.
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Tyre makers CEAT, Apollo Tyres and MRF are riding on a sharp pick-up in demand from original equipment manufacturers (OEMs) and the replacement segment
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Natural rubber prices have been rising from the end of 2020 and is hovering at a seven-year high of around Rs 170 a kg due to tight supply and rising demand.
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Tyre manufacturers are seeing a stellar ride on the back of a sharp pick-up in demand from OEMs and the replacement segment. The Q3 FY21 numbers corroborate the strong pick-up in the demand post unlocking
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Tyre companies -- CEAT, Apollo Tyres and MRF -- saw a significant recovery in the second quarter of FY21, driven by a sharp rise in replacement demand
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Though sales of CEAT, Apollo Tyres and MRF got hit by the pandemic, the impact was less compared to other auto ancillary companies because of replacement demand
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The Apollo Tyre’s stock is trading at a valuation discount compared with MRF and CEAT
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Sakshi Batra does a 3 point analysis on how tyre manufacturers like CEAT, Apollo Tyres and MRF performed in Q2.
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Here's a roundup of key updates in commodities market.
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MRF reported a net profit jump of 94.2 percent at Rs 447 crore in the third quarter ended June, 2015 versus Rs 230.2 crore reported in the same quarter last year.
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Rathi says while frontline indices like Nifty and Sensex are up 30 percent from their 2008 peaks, the mid-cap index is still flat and the small cap index is 25 percent below its previous peak
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A Subba Rao, CFO, says Ceat continuously monitors both international and domestic markets and takes appropriate decision at that point of time whether domestic rubber purchase is better or international rubber purchase is better.
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When Tomas Bata turned the Czech town of Zlin into a global shoe capital and created a "utopian" factory village for his workers almost a century ago, his red-brick architecture won widespread praise from the likes of Le Corbusier as a "shining phenomenon".
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Battling pressures of an economic slowdown and high input costs, the Indian tyre industry grew by 5.3% (volumes) during 2011-12. Hidden in the numbers are the decline in replacement demand (volume) by around 0.2%, the subdued OEM demand growth of around 11.0% (volume) and a healthy export growth of around 23% (volume-albeit on a low base).
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In an analysis of the impact of the CCI penalty on cement companies guilty of cartelisation, SP Tulsian of sptulsian.com explains that the CCI order has rightly linked the penalty to profits.
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Consumer Affairs Minister K V Thomas today said his ministry is investigating the complaints of poor quality ISO certified tyres.
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Ratings agency Icra today said the Q2 margins of tyre companies are likely to be affected as it is facing demand headwinds from the automotive sector which is witnessing a demand slowdown, and also due to rising costs of imports following removal of the anti-dumping duty on the Chinese and Thai products.
