Name of Company | Ceat Ltd. |
BSE Code | 500878 |
NSE Code | CEAT |
ICICI Code | |
Established | 1958(was taken over by RPG in 1982) |
My Take | So-So |
Headquarters | Mumbai |
Promoters | RPG group (RP Goenka) |
Story | Was established in and |
Sector | Tires |
Sub-sector | |
Website | http://www.ceattyres.in/ |
Positives | Revenue has been growing consistently (though not at a great pace – 1700 to 2800 Cr from FY06 to FY10). Has a 331 Cr market cap when the company has shown near 600 Cr reserves for FY10. 48% promoter holding with no pledged shares. |
Negatives | Not a regular dividend payer. Wavery profits, loss in FY09. 460 Cr debt in FY10. |
Peers | MRF, JK Tyre, Dunlop |
News | |
Price @ blogged | 96.8(09-Mar-11) |
Cost of company | 331.06 market cap for a 161.03 Cr NP in FY ending Mar ' 10 makes it 2 times. This is for a company with 429.37 Cr debt and 594.47 Cr reserves |
Mar 18, 2011
Ceat Ltd - 500878
Subscribe to:
Post Comments (Atom)
LinkWithin
No comments:
Post a Comment