The Company’s standalone revenue for the quarter ended 31 December 2018 stood at INR 1673.41 Cr vs INR 1549.96 Cr for the same corresponding period last year, showing 8% revenue growth year-on-year basis. CEAT registered 2.60% de-growth as far as revenues are concern on a QoQ basis (INR 1718.16 CR for July to September ’18 quarter)

Its consolidated total income stood at INR 1,717.95 Cr for the quarter, against INR 1,580.78 Cr for the same period a year ago.

The Company reported INR 58.03 Cr net profit after tax for October to December ’18 quarter against INR 90.99 Cr a period one year ago, registering 36.23% dip YoY. CEAT also registered 23% de-growth in PAT Quarter-on-quarter basis (INR 75.32 Cr for quarter ended September ’18)

Managing Director Speaks –

CEAT MD Anant Goenka said: “Our Q3 revenue, year-on-year, has witnessed an upward growth on the back of a strong performance in two-wheelers and commercial vehicle segments.” From a product launch perspective, the company is excited with the launch of the Gripp X3 and Milaze X3 products, he said.

About CEAT Ltd

CEAT Limited is one of India’s leading tyre manufacturers and has strong presence in global markets.

History: Mumbai head-quartered CEAT Ltd is the flagship company of the INR 22,000 Cr RPG Enterprises, was established in the year 1958. RPG Enterprises is one of India’s largest industrial conglomerates. With over 15 companies in its fold, the group has a strong presence across core business sectors such as Infrastructure, Tyre, IT and Specialty.

Business: CEAT Ltd produces over 15 million tyres a year and offers the widest range of tyres to all segments and manufactures world-class radials for (1) heavy-duty trucks and buses, (2) light commercial vehicles – LCV, (3) earthmovers, (4) forklifts, (5) tractors, (6) trailers, (7) cars, (8) motorcycles and (9) scooters, and  (10) auto-rickshaws.

CEAT marks the highest exports from India in truck, OTR and LCV categories to over 130 countries. The Company’s real accolades come in the form of rewards and recognition through a host of awards and participation in events, the company meet and exceed expectations of customers: with special sizes, quality that matches world standards, and a global presence.

Stock Price Movement

The stock ended 3.10% or INR 37.25 lower to INR 1151.65 when the market closed on Monday! During October to December 2018 period, the share prices of CEAT Limited has made a low of INR 985 and high of INR 1373

CEAT Ltd on Technical Charts

The stock prices of CEAT is trading around 13.65% lower when compared to its 200 EMA (1334) and trading 7.7% lower when compared to its 50 EMA (1248)

CEAT current market cap is more than INR 4600 Cr and trading at a PE ratio of 15

Also Read

Value Pick Stock of the Month – Vadilal Industries Limited

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “FinBlab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post CEAT Ltd Q3 FY 2018-19: Key Points appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Common Parameters for Such Performance for the Sector Are –

Stable Crude Oil prices

Range bound natural rubber prices

Strong demand from the Auto manufacturers

Market Leader Performance:

For the Q1 FY19, India’s largest tyre manufacturer MRF Limited (MRF) reported lower than expected numbers.

Standalone revenue for the company was down almost 3% YoY (flat QoQ) at INR 3,855.55 Cr, lower than the consensus estimate of INR 4,069 Cr.

Standalone profit after tax (PAT) was up 145% YoY (25% down QoQ) at INR 261 Cr again missed the consensus estimate of INR 368 Cr by a wide margin.

MRF is a leader in the Indian tyre industry with nearly 28% revenue market share.

Star Performer in the Sector:

Balkrishna Industries, Apollo Tyres, Ceat, and JK Tyres are the star performer for the sector for the quarter ended 30 June 2018.

The above-listed companies have registered Revenues growth of 15% to 35% for the April to June 2018 quarter while the Profits were increased by 50% to 307% for the same period.

Tyre Sector Data –

Outlook –

The management of various companies are of the view that growth momentum will continue in days to come despite the challenges posed by the raw material cost, transporters strike in some part of the country, and the new loading norms for commercial vehicles.

Again the market of TYRE industry looks exciting on the back of a good monsoon this year, which can offer secular growth opportunities going forward.

Finblab’s Pick of the Sector –

1) Balkrishna Industries Ltd : 32.35% Returns in just 5 Months

2) Ceat Ltd : 13.85% Return in just 40 days

Also Read –

1) Finblab’s Valuepick Stock for the month of August 2018 – Meghmani Organics Ltd

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Finblab Research: TYRE Sector Q1 (Apr-Jun ’18) Numbers And Analysis appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q2 – FY 2017-18 was again a disappointing quarter for the tyre manufacturers in India. Click here to see Q1 Results.

As far as numbers are concern, the profits of all the companies were down in the range of 16% to 96%, while revenues were almost flat to negative.

The Common Parameter/s for such Performance for the Sector is/are –

Higher Raw Material prices

Positive Sign for the Tyre Sector –

• Results were an indication of the market that is showing signs of picking pace
• Riding on better market sentiment following the GST rollout
• The imposition of anti-dumping duty on cheap chinise Bus/Trucks Radials, announced towards the end of the quarter is a positive step
• The Government’s focus on roads and infrastructure, supported by affordable consumer financing is likely to have a positive impact

Market Leader Performance:

Market leader MRF registered 2.05% falls in Revenues and 22.16% falls in Profits as compared to the same period last year.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 30th September 2017 were Balkrishna Industries and ApolloTyres where the company Revenues grew by 14.09% and 6.74% respectively (while Profits were down) as compared to same period last year.

Here is the Data –

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post TYRE SECTOR: Q2 ( JULY – SEPT ’17 ) RESULTS AND ANALYSIS appeared first on Upcoming ipos: Latest news on stocks, economy & finance.

Q1 was a challenging rather disappointing quarter for almost all the tyre manufacturers due to the GST impact and peak RM prices. Both these factors have hit tyre companies top-line and bottom-line badly.

As far as numbers are concern, the profits of the companies were down in the range of 46% to 99%, while revenues were up marginally in the range between 2% to 7%.

Market leader MRF has posted a decline in profits (drops by as many as 63% compared to previous quarter) while revenues (up 7% in comparison with last quarter), while Apollotyre and Ceat posted a huge decline in profits.

Star Performer in the Sector:

The star performer in the sector for the quarter ended 30 June 2017 was “Balkrishna Industries” where the company showed 11.78% growth in profit and 3.76% growth in Revenue as compared to previous quarter.

Here is the Data:

Disclaimer: The contents and data presented here are just for your information & personal use only. While much effort is made to provide the information, I ( Vishal Dalwadi ) or “Fin Blab” do not guarantee the accuracy, correctness, completeness or reliability of any information or data displayed herein and shall not be held responsible.

The post Tyre Sector: Q1 ( Apr – Jun ’17 ) Numbers and Analysis appeared first on Upcoming ipos: Latest news on stocks, economy & finance.