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Nov 4, 2010

Dunlop India Ltd - 509130

 

 

Name of Company

Dunlop India Ltd

BSE Code

509130

NSE Code

ICICI Code

Established

My Take

Dislike

Headquarters

Kolkata

Promoters

Ruia group (owns other tyre companies and some others)

Story

Was loss making and bought by Ruia group in 2005.

Sector

Tyres

Sub-sector

Website

http://www.dunlop.co.in/

http://www.ruiagroup.co.in/index.php

Positives

Negatives

Shares pledged by promoters amount to 54% - effective control is around 20%. Too costly for the profits made and NPMs.

Peers

News

Price @ blogged

85.5 (30-Oct-10)

Cost of company

615 Cr for a 1.3 Cr net profit makes it really costly almost 500 times.

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