Name of Company | Falcon Tyres |
BSE Code | 509527 |
NSE Code | Not traded in NSE |
ICICI Code | |
Established | |
My Take | Dislike |
Headquarters | Mysore |
Promoters | Pawan Kumar Ruia (Ruia group) |
Story | Dunlop is the flagship brand of this company - 2 wheeler tyres are handled by this company. All others are manufactured by Dunlop India. |
Sector | Tyres |
Sub-sector | 2 wheeler tyres |
Website | |
Positives | Regularly profitable company, regular divudends. yields close to 2.5%. |
Negatives | High debt, high interest payments. Low NPM's 1.5% until FY08. FY10 was 6%, but does not seem to be the trend. |
Peers | |
News | |
Price @ blogged | 90 (6-Mar-11) |
Cost of company | 306 Cr for a 50 Cr FY10 NP makes it 6 times. It normally has 1.5% NPM. For 230 Cr in debt and 80 Cr in reserves, this makes it highly indebted company. |
Mar 6, 2011
Falcon Tyres - 509527
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