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Tyre maker Goodyear India's Q1 profit rises as low rubber prices offsets weak demand Tyre manufacturer Goodyear India reported a higher quarterly profit as a drop in raw material prices helped make up for its first revenue fall in 12 quarters on low demand. The Indian unit of U.S.-based Goodyear Tire and Rubber Co said standalone profit rose 4% to 392.6 million rupees ($4.8 million) in the first quarter. While revenue from operations fell about 12% to 7.2 billion rupees, that was more than offset by a roughly 13% drop in expenses due to lower raw material prices. Rub...
Tyre maker Goodyear India's Q1 profit rises as low rubber prices offsets weak demand
Tyre maker Goodyear India's Q1 profit rises as low rubber prices offsets weak demand
Source: Reuters
2/08/2023 7:27:36 PM
CEAT catches speed on lining up capex of around Rs 750 crore for ongoing fiscal Ceat is currently trading at Rs. 2467.00, up by 33.05 points or 1.36% from its previous closing of Rs. 2433.95 on the BSE. The scrip opened at Rs. 2458.95 and has touched a high and low of Rs. 2475.00 and Rs. 2432.80 respectively. So far 3319 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2640.00 on 10-Jul-2023 and a 52 week low of Rs. 1230.00 on 29-Jul-2022. Last one week high and low of the scrip stood at Rs...
CEAT catches speed on lining up capex of around Rs 750 crore for ongoing fiscal
CEAT catches speed on lining up capex of around Rs 750 crore for ongoing fiscal
Source: Accord Fintech
31/07/2023 1:39:20 PM
Ceat moves higher on reporting many fold jump in Q1 consolidated net profit Ceat is currently trading at Rs. 2575.05, up by 98.05 points or 3.96% from its previous closing of Rs. 2477.00 on the BSE. The scrip opened at Rs. 2556.05 and has touched a high and low of Rs. 2592.50 and Rs. 2513.15 respectively. So far 54224 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2640.00 on 10-Jul-2023 and a 52 week low of Rs. 1200.00 on 26-Jul-2022. Last one week high and low of the scrip stood at R...
Ceat moves higher on reporting many fold jump in Q1 consolidated net profit
Ceat moves higher on reporting many fold jump in Q1 consolidated net profit
Source: Accord Fintech
26/07/2023 10:51:48 AM
Buy CEAT Ltd For Target Rs. 2,150 - JM Financial Key takeaways from Investor Day 2023 We recently attended CEAT’s Investor Day to understand company’s medium-term growth strategy. Over the next 3 years, the company aims to gain leadership position in PV replacement segment with 18-19% market share (15% in FY23) and targets c.400bps market share expansion in T&B replacement market. Medium-term focus is on growing OHT/PV exports and entering new export markets (incl. US). Near-term demand support is expected from OE segment...
Buy CEAT Ltd For Target Rs. 2,150 - JM Financial
Buy CEAT Ltd For Target Rs. 2,150 - JM Financial
Source: JM Financial Institutional Securities
29/06/2023 2:40:34 PM
Buy CEAT Ltd For Target Rs.2,375 - Motilal Oswal Financial Services Strengthening market position with sustained profitability During CEAT's Analyst Meet, the management reiterated its aim of enhancing its market position through FY26 by 1) maintaining leadership in the 2W segment (28% market share now), 2) gaining market share in PV/CV to 18-19%/11-12% from 15%/7% now, and 3) doubling export revenue from INR20b currently. However, CEAT expects to continue to improve margins as it focuses on increasing its market share through premiumization and a bett...
Buy CEAT Ltd For Target Rs.2,375 - Motilal Oswal Financial Services
Buy CEAT Ltd For Target Rs.2,375 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
17/06/2023 10:19:53 AM
India's JK Tyre reports nearly three-fold increase in Q4 profit BENGALURU - India's JK Tyre & Industries Ltd on Wednesday reported a nearly three-fold rise in fourth-quarter profit, as raw material costs fell and domestic demand saw a boost. The tyre-maker's consolidated net profit rose to 1.08 billion rupees ($13.2 million) in the quarter ended March 31, from 402 million rupees a year earlier, it said in an exchange filing. The company, which supplies to Maruti Suzuki India Ltd and Tata Motors Ltd, posted an almost 10% growth in revenue...
India's JK Tyre reports nearly three-fold increase in Q4 profit
India's JK Tyre reports nearly three-fold increase in Q4 profit
Source: Reuters
17/05/2023 6:59:32 PM
Buy CEAT Ltd For Target Rs. 2,091 - LKP Securities CEAT posted a robust performance in Q4 FY23 wherein margins were the highlight at 12.8%, 420 bps up qoq and 560 bps up yoy. This was a result of lower rubber and crude prices in the quarter and improvement in the underlying auto volumes. Topline went up by 11% yoy and 5.6% qoq in the quarter to ?28.5 bn. Volumes were up by 6% yoy as TBR and PCR tyres both showed traction. Raw material to sales declined to 59.9% down from 65.6% qoq and 66.5% yoy. This was somewhat offset by employee costs (7.4...
Buy CEAT Ltd For Target Rs. 2,091 - LKP Securities
Buy CEAT Ltd For Target Rs. 2,091 - LKP Securities
Source: LKP Securities Ltd
9/05/2023 11:19:17 AM
Ceat shines on reporting over 5-fold jump in Q4 consolidated net profit Ceat is currently trading at Rs. 1720.20, up by 65.00 points or 3.93% from its previous closing of Rs. 1655.20 on the BSE. The scrip opened at Rs. 1698.90 and has touched a high and low of Rs. 1747.90 and Rs. 1693.70 respectively. So far 36126 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1981.45 on 02-Dec-2022 and a 52 week low of Rs. 890.00 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs...
Ceat shines on reporting over 5-fold jump in Q4 consolidated net profit
Ceat shines on reporting over 5-fold jump in Q4 consolidated net profit
Source: Accord Fintech
5/05/2023 11:48:22 AM
India's CEAT reports five-fold jump in Q4 profit on lower raw material costs Indian tyremaker CEAT Ltd reported a more-than-five-fold increase in its fourth-quarter profit on Thursday, aided by low raw material costs and strong domestic demand. CEAT's consolidated net profit rose to 1.34 billion rupees ($16.40 million) in the three months ended March 31, from 252.5 million rupees a year ago. Analysts, on average had expected a profit of 908.3 million rupees, according to Refinitiv IBES. Indian car and bike makers have reported strong domestic growth, whic...
India's CEAT reports five-fold jump in Q4 profit on lower raw material costs
India's CEAT reports five-fold jump in Q4 profit on lower raw material costs
Source: Reuters
4/05/2023 7:44:03 PM
Buy CEAT Ltd For Target Rs. 1,917 - Yes Securities Margins recovery to continue View and Valuation – Price hikes and ease in RM to drive margins CEAT 3QFY23 results were better than estimates as consol gross margins expansion of 200bp QoQ at 34.5% (est 33%) surprised positively. This was led by ~4% decline in blended RM basket QoQ and price hikes. On S/A basis while volumes declined ~6.5% QoQ, ASPs grew 0.5% QoQ. YoY basis large volume growth was led by OEMs while exports/replacement have been weak QoQ. We believe, with stability ...
Buy CEAT Ltd For Target Rs. 1,917 - Yes Securities
Buy CEAT Ltd For Target Rs. 1,917 - Yes Securities
Source: Yes Securities Ltd
10/03/2023 11:33:30 AM
Hold Ceat Ltd For Target Rs.1,414 - ICICI Securities Profitability on a comeback trail CEAT has corrected ~16% in past three months and during this period, though outlook on demand did not change, raw material basket (RMB) cost declined by ~7-8%, resulting in limited scope of cut in FY24-25E earnings. Additionally, CEAT is expanding into OHT exports space with rising SKUs and wider distribution network and is planning to expand capacity in its all radial Ambernath (Maharashtra) facility from 60TPD to 140TPD in next 12-18 months. We believe, ...
Hold Ceat Ltd For Target Rs.1,414 - ICICI Securities
Hold Ceat Ltd For Target Rs.1,414 - ICICI Securities
Source: ICICI Securities Ltd
7/03/2023 10:08:25 AM
Buy CEAT Ltd For Target Rs. 1,898 - Yes Securities Margins recovery to continue View and Valuation – Price hikes and ease in RM to drive margins   CEAT 2QFY23 results were better than estimates as consol gross margins expansion of 80bp QoQ at 32.5% (est 31%) surprised positively. This was led by ~4% price hikes entirely covering RM inflation of ~4% QoQ in 2QFY23. On S/A basis while volumes remained flat QoQ, ASPs grew 3% QoQ. YoY basis large volume growth was led by OEMs (+20% YoY) while exports/replacement have been fla...
Buy CEAT Ltd For Target Rs. 1,898 - Yes Securities
Buy CEAT Ltd For Target Rs. 1,898 - Yes Securities
Source: Yes Securities Ltd
5/01/2023 3:10:52 PM
Buy CEAT Ltd For Target Rs.1950 - Motilal Oswal Financial Services Result above estimate; margin recovery underway Commodity inflation peaked out, expect gradual recovery ahead * CEAT’s 2QFY23 performance was driven by healthy growth in OEM and better gross margins. Strong domestic demand coupled with softening RM prices from 3QFY23E would help drive healthy performance in the near term. Moreover, focus on key strategic areas such as PV/2W/OHT (to help margins) along with prudent capex plans (to benefit FCF) should be the long-term growth catalys...
Buy CEAT Ltd For Target Rs.1950 - Motilal Oswal Financial Services
Buy CEAT Ltd For Target Rs.1950 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
24/11/2022 3:02:17 PM
Reduce Ceat Ltd For Target Rs.1,377 - ICICI Securities Turning FCF positive key as margin bottoms out CEAT’s Q2FY23 EBITDA margin at 7% (up ~115bps QoQ) missed consensus estimate of 9.9% as despite price hike of ~4% QoQ, adverse currency movement, elevated power/fuel cost and higher mix of outsourced tyres impact negatively, thus, restricting gross margin and EBITDAM improvement QoQ. Gross margin was up 82bps QoQ with last leg of raw material basket increase being taken care of by price hikes with no under recoveries impacting margin inc...
Reduce Ceat Ltd For Target Rs.1,377 - ICICI Securities
Reduce Ceat Ltd For Target Rs.1,377 - ICICI Securities
Source: ICICI Securities Ltd
21/11/2022 10:12:28 AM
Buy CEAT Ltd For Target Rs.1,800 - JM Financial Institutional Securities Margin to gradually start recovering; demand remains steady CEAT reported consolidated EBITDA margin of 7% (-200bps YoY, +120bps QoQ), c.20bps above JMFe due to lower than expected RM costs. RM cost in 1Q increased by 4% QoQ but is expected to decrease by 2.5-3% from 3QFY23. During the quarter volumes increased c.7% YoY led by strong OE and replacement growth for 2W tyres. The company plans c.1% price increases in 3Q to pass-through under recovery of RM costs as it expects demand momentum ...
Buy CEAT Ltd For Target Rs.1,800 - JM Financial Institutional Securities
Buy CEAT Ltd For Target Rs.1,800 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
14/11/2022 12:07:13 PM
Madhya Pradesh Chief Minister Shivraj Singh to visit Mumbai to invite investors Madhya Pradesh Chief Minister Shivraj Singh Chouhan is scheduled to visit Mumbai on Thursday to hold meetings with investors and invite them to invest in his state. His visit comes ahead of a global investment summit scheduled to be held in Madhya Pradesh's Indore next January. According to the Chief Minister Office (CMO), Chouhan is expected to meet top officials of Mahindra and Mahindra, Hindustan Unilever, Reliance Industries, CEAT, US Pharma, Chemerics Life Sciences, Incube Ethi...
Madhya Pradesh Chief Minister Shivraj Singh to visit Mumbai to invite investors
Madhya Pradesh Chief Minister Shivraj Singh to visit Mumbai to invite investors
Source: IANS
10/11/2022 1:58:11 PM
Indian tyremaker Ceat`s Q2 profit slumps 81% on higher input costs Indian tyremaker Ceat Ltd reported a bigger-than-expected 81.4% tumble in second-quarter profit on Monday, hurt by higher input costs. Consolidated net profit fell to 78.3 million Indian rupees ($955,811) in the three months ended Sept. 30, from 419.8 million rupees a year earlier. Analysts, on average, had expected the company's profit to drop 51% to 207.6 million rupees, according to Refinitiv IBES data. Ceat's revenue from operations rose 18.1% to 28.94 billion rupees in t...
Indian tyremaker Ceat`s Q2 profit slumps 81% on higher input costs
Indian tyremaker Ceat`s Q2 profit slumps 81% on higher input costs
Source: Reuters
7/11/2022 4:30:29 PM
CEAT trades higher on investing in Taabi Mobility CEAT is currently trading at Rs. 1495.00, up by 16.25 points or 1.10% from its previous closing of Rs. 1478.75 on the BSE. The scrip opened at Rs. 1517.00 and has touched a high and low of Rs. 1517.00 and Rs. 1495.00 respectively. So far 2241 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1787.75 on 16-Sep-2022 and a 52 week low of Rs. 890.00 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs....
CEAT trades higher on investing in Taabi Mobility
CEAT trades higher on investing in Taabi Mobility
Source: Accord Fintech
14/10/2022 11:41:06 AM
Buy CEAT Ltd For Target Rs.1,600 - JM Financial Institutional Securities Margins to gradually start recovering; Capex intensity to reduce We recently attended the CEAT Investor Day where the management highlighted that the demand environment continues to remain steady. OEM segment remains buoyant led by improving chip supplies. Replacement segment, holding on well, has witnessed some weakness in the rural segment as owing to certain regions getting deficit rainfall. Over the last 5 years, CEAT has gained 2W replacement market share by c.200bps led by superior b...
Buy CEAT Ltd For Target Rs.1,600 - JM Financial Institutional Securities
Buy CEAT Ltd For Target Rs.1,600 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
16/09/2022 3:51:26 PM
Buy CEAT Ltd For Target Rs.1630 - Motilal Oswal Financial Services RM cost benefit to reflect from 3QFY23                                                    Expanded capacity can deliver a revenue of INR130b We interacted with the management of CEAT as part of the RPG investor conference. The management said that: 1) demand remains stable (demand from OEM is growing, replacement demand is stable, while exports are weak); 2) RM ...
Buy CEAT Ltd For Target Rs.1630 - Motilal Oswal Financial Services
Buy CEAT Ltd For Target Rs.1630 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
15/09/2022 12:39:53 PM
CEAT trades higher on planning to expand tyre sales network Ceat is currently trading at Rs. 1380.60, up by 11.25 points or 0.82% from its previous closing of Rs. 1369.35 on the BSE. The scrip opened at Rs. 1371.00 and has touched a high and low of Rs. 1392.55 and Rs. 1352.40 respectively. So far 12033 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1420.00 on 11-Oct-2021 and a 52 week low of Rs. 890.00 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs...
CEAT trades higher on planning to expand tyre sales network
CEAT trades higher on planning to expand tyre sales network
Source: Accord Fintech
22/08/2022 11:42:33 AM
Buy CEAT Ltd For Target Rs.1,498 - LKP Securities Poised for a broad based growth from second half of FY23 CEAT, a leading manufacturer of Tyres is poised for a good growth in topline as well as bottomline driven by strong uptick in the automobile industry. With a market share of ~28% in the 2W segment (contributing ~28% of the volumes),the pick-up seen at the start of the current year looks promising to us. Good monsoon, fading away of the Pandemic and positive sentiments are all turning good for the sector. Passenger Cars and Utility Ve...
Buy CEAT Ltd For Target Rs.1,498 - LKP Securities
Buy CEAT Ltd For Target Rs.1,498 - LKP Securities
Source: LKP Securities Ltd
22/07/2022 12:09:01 PM
CEAT trades in red on reporting 83% fall in Q4 consolidated net profit Ceat is currently trading at Rs. 1053.05, down by 37.20 points or 3.41% from its previous closing of Rs. 1090.25 on the BSE. The scrip opened at Rs. 1063.00 and has touched a high and low of Rs. 1063.00 and Rs. 1027.50 respectively. So far 5457 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1477.20 on 16-Jul-2021 and a 52 week low of Rs. 920.55 on 30-Mar-2022. Last one week high and low of the scrip stood at R...
CEAT trades in red on reporting 83% fall in Q4 consolidated net profit
CEAT trades in red on reporting 83% fall in Q4 consolidated net profit
Source: Accord Fintech
6/05/2022 12:30:35 PM
CEAT moves up on incorporating wholly owned subsidiary company CEAT is currently trading at Rs. 1156.30, up by 9.80 points or 0.85% from its previous closing of Rs. 1146.50 on the BSE. The scrip opened at Rs. 1127.00 and has touched a high and low of Rs. 1165.45 and Rs. 1127.00 respectively. So far 7258 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1477.20 on 16-Jul-2021 and a 52 week low of Rs. 920.55 on 30-Mar-2022. Last one week high and low of the scrip stood at Rs. ...
CEAT moves up on incorporating wholly owned subsidiary company
CEAT moves up on incorporating wholly owned subsidiary company
Source: Accord Fintech
22/04/2022 10:27:51 AM
India conducts antitrust raids on tyre companies Ceat, Apollo, Continental-sources NEW DELHI  - India's antitrust body on Wednesday raided the offices of tyre companies including India's Ceat, Apollo Tyres and Germany's Continental AG in an alleged case of competition law violations, four sources with direct knowledge told Reuters. The raids were being conducted by the Competition Commission of India (CCI) officers across multiple cities, the sources said. Apollo and Continental did not immediately respond to a request for comment, while calls and mes...
India conducts antitrust raids on tyre companies Ceat, Apollo, Continental-sources
India conducts antitrust raids on tyre companies Ceat, Apollo, Continental-sources
Source: Reuters
30/03/2022 1:15:22 PM
CCI imposes Rs 1,786 cr fine on five tyre cos for indulging in cartelisation The Competition Commission of India (CCI) on Wednesday said it has imposed penalties of Rs 425.53 crore on Apollo Tyres, Rs 622.09 crore on MRF, Rs 252.16 crore on CEAT, Rs 309.95 crore on JK Tyre and Rs 178.33 crore on Birla Tyres for indulging in cartelisation. Beside, the fair market regulator passed a "cease and desist order" against them. On August 31, 2018, the CCI had given an ruling against these tyre companies and their association, the Automotive Tyre Manufacturers A...
CCI imposes Rs 1,786 cr fine on five tyre cos for indulging in cartelisation
CCI imposes Rs 1,786 cr fine on five tyre cos for indulging in cartelisation
Source: IANS
3/02/2022 10:22:03 AM
Hold CEAT Ltd For Target Rs.1,214 - Edelweiss Financial Services Weak replacement behind big miss CEAT reported Q3FY22 EBITDA of INR1.3bn, 51% below estimate. This was driven by weaker-than-expected replacement demand. Persistent raw material pressure also impacted the performance. We believe the weakness in replacement demand is also due to base catching up industry-wide. This, in our view, would have impact on FY23 mix as OEM volumes recover across segments Accordingly, we are slashing FY23E EPS by 23% to INR83, factoring in lower volume and an adv...
Hold CEAT Ltd For Target Rs.1,214 - Edelweiss Financial Services
Hold CEAT Ltd For Target Rs.1,214 - Edelweiss Financial Services
Source: Edelweiss Financial Services Ltd
26/01/2022 10:49:06 AM
Buy CEAT Ltd For Target Rs.1,471 - Yes Securities Moderation in capex guidance is positive View and Valuation CEAT 3QFY22 results missed estimates led by weak volumes (~2% QoQ decline due to weak replacement/OE demand) and RM pressure (~4% increase in RM basket). This as a result led to record low EBITDA margins at 5.5% (‐340bp QoQ). However, we expect reversal in margins to normalized level at 10‐11% gradually over FY23/24 led by 1) growth in replacement/exports volume and 2) focus on market share gains in high margin segments like 2W...
Buy CEAT Ltd For Target Rs.1,471 - Yes Securities
Buy CEAT Ltd For Target Rs.1,471 - Yes Securities
Source: Yes Securities Ltd
21/01/2022 10:19:48 AM
Add Ceat Ltd For Target Rs.1,480 - ICICI Securities Replacement demand growth to be tepid in H2 CEAT’s Q2FY22 performance was below consensus expectations and profitability suffered (down ~79% YoY) mainly due to gross margin compression (down 975 bps YoY). CEAT has witnessed market share gains in PVs as growth momentum continues to be led by new PV order wins (e.g. Nissan Magnite, Renault Kiger, Mahindra Thar). Replacement demand has high base effect in H2FY22, thus growth is likely to remain <5%. RM basket for CEAT is likely to wi...
Add Ceat Ltd For Target Rs.1,480 - ICICI Securities
Add Ceat Ltd For Target Rs.1,480 - ICICI Securities
Source: ICICI Securities
22/11/2021 11:06:12 AM
CEAT shines on inking pact to acquire additional 1.83% stake in Tyresnmore Online Ceat is currently trading at Rs. 1337.00, up by 22.35 points or 1.70% from its previous closing of Rs. 1314.65 on the BSE. The scrip opened at Rs. 1290.00 and has touched a high and low of Rs. 1339.95 and Rs. 1290.00 respectively. So far 4021 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1763.15 on 04-Feb-2021 and a 52 week low of Rs. 965.70 on 15-Oct-2020. Last one week high and low of the scrip stood at Rs....
CEAT shines on inking pact to acquire additional 1.83% stake in Tyresnmore Online
CEAT shines on inking pact to acquire additional 1.83% stake in Tyresnmore Online
Source: Accord Fintech
4/10/2021 10:15:18 AM
Add CEAT Ltd For Target Rs.1,487 - ICICI Securities RM cost pressures likely to stay elevated CEAT’s Q1FY22 performance was in-line with consensus expectations; PAT declined (down 86% QoQ) mainly due to gross margin compression (down 315 bps QoQ). The volume decline (covid induced) was led by OEM’s (down 30% QoQ) while replacement segment performance was also downbeat (down 20% QoQ). Quantum of price hikes have been improving steadily (Q1FY22 ~4%, Jul’21~1.5%) which bodes well for margin recovery in H2FY22. Outlook for H2F...
Add CEAT Ltd For Target Rs.1,487 - ICICI Securities
Add CEAT Ltd For Target Rs.1,487 - ICICI Securities
Source: ICICI Securities
26/08/2021 11:27:49 AM
Add CEAT Ltd For Target Rs.1,540 - ICICI Securities Challenging quarter amidst rising input costs CEAT’s Q1FY22 performance was in-line with consensus expectations, PAT declined ~86% QoQ mainly due to gross margin compression (down 315 bps QoQ). Revenue growth continues to be led by organic growth in CV/PV segments coupled with new order wins across both new and existing customers (e.g. Nissan magnate, Mahindra Thar). Outlook for H2FY22 remains mixed due to worries on potential demand slowdown due to covid 3rd wave and chip shortages ...
Add CEAT Ltd For Target Rs.1,540 - ICICI Securities
Add CEAT Ltd For Target Rs.1,540 - ICICI Securities
Source: ICICI Securities
18/08/2021 11:20:24 AM
Buy CEAT Ltd For Target Rs.1,775 - Motilal Oswal Op performance in-line; encouraging recovery since June Price increases to pass on cost inflation happening gradually * CEAT’s 1QFY22 operating performance was in-line, but higher depreciation and interest impacted PAT. Demand recovery has been encouraging since Jun’21 and is back at 2HFY21 levels. While cost inflation is moderating, the industry is taking gradual price increases to dilute the impact. * We cut our FY22E/FY23E EPS by ~15%/7%, factoring in RM cost inflation...
Buy CEAT Ltd For Target Rs.1,775 - Motilal Oswal
Buy CEAT Ltd For Target Rs.1,775 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
17/08/2021 12:41:07 PM
LKP Spade, Weekly Pick - Buy Ceat Ltd For Target Rs. 1470 - LKP Securities * Stock is trading above its rising trend line and recently prices bounced after taking support from the same. * Decent volume activity has been witnessed at the time of bounce. * Both momentum indicator RSI & MACD is showing positive momentum . Buy Ceat Ltd @ 1368-1375 TGT 1470 Stop Loss Below Rs. 1310 CB Duration 1 Week   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at www.lkpsec....
LKP Spade, Weekly Pick - Buy Ceat Ltd For Target Rs. 1470 - LKP Securities
LKP Spade, Weekly Pick - Buy Ceat Ltd For Target Rs. 1470 - LKP Securities
Source: LKP Securities Ltd
2/08/2021 1:26:27 PM
Key News - Reliance Industries Ltd, ICICI Bank, ITC Ltd, Federal Bank Ltd, Ceat Ltd by ARETE Securities Key News RIL consolidated Q1 PAT falls 7% to Rs 12,273 crore, beats estimate Mukesh Ambani-led Reliance Industries (RIL) posted a consolidated net profit (attributable to owners of the company) of Rs 12,273 crore for the first or June quarter of 2021-22 (Q1 FY22), a year-on-year (YoY) and quarter-on-quarter (QoQ) decline of about 7 per cent. Yet, it was higher than the Bloomberg consensus estimate of Rs 11,280.4 crore. Consolidated net revenue for Q1 FY22 stood at about Rs 1.40 trillion...
Key News - Reliance Industries Ltd, ICICI Bank, ITC Ltd, Federal Bank Ltd, Ceat Ltd by ARETE Securities
Key News - Reliance Industries Ltd, ICICI Bank, ITC Ltd, Federal Bank Ltd, Ceat Ltd by ARETE Securities
Source: ARETE Securities Ltd
26/07/2021 8:49:41 AM
Key News - Bharti Airtel Ltd, Ceat Ltd, Jubilant Foodworks Ltd, Havells India Ltd, Gland Pharma Ltd by ARETE Securities Key News Bharti Airtel-Intel network deal to speed up 5G service roll-out Bharti Airtel on Wednesday announced a collaboration with Intel Corporation for 5G network development by leveraging virtual and open radio access network (O-RAN) technologies and making indigenous solutions. Airtel and other telecommunications (telecom) operators are conducting 5G trials in select cities across India. “The collaboration is part of Airtel’s 5G road map for India as it transforms its ne...
Key News - Bharti Airtel Ltd, Ceat Ltd, Jubilant Foodworks Ltd, Havells India Ltd, Gland Pharma Ltd by ARETE Securities
Key News - Bharti Airtel Ltd, Ceat Ltd, Jubilant Foodworks Ltd, Havells India Ltd, Gland Pharma Ltd by ARETE Securities
Source: ARETE Securities Ltd
22/07/2021 8:42:51 AM
Add CEAT Ltd For Target Rs. 1,533 - ICICI Securities Market share ambitions remain strong CEAT Tyres hosted its annual investor conference virtually to elucidate its long term growth plans, and strategies to achieve them. Key takeaways from the event: * Demand was impacted in Q1FY22 from covid 2nd wave and subsequent plant shutdowns across OEMs. Replacement segment witnessed ~20-40% decline QoQ in Apr’21/May’21. Truck segment were least impacted. June’21 has seen revival of replacement demand while OEM production cont...
Add CEAT Ltd For Target Rs. 1,533 - ICICI Securities
Add CEAT Ltd For Target Rs. 1,533 - ICICI Securities
Source: ICICI Securities
14/07/2021 12:11:33 PM
Buy CEAT Ltd For Target Rs.1,700 - Motilal Oswal Investing for bigger pie of the PCR/TBR segment Targets to grow exports by 3x in five years | Gradual price hikes to dilute cost inflation CEAT’s senior management team presented (click here for the presentation) their roadmap for the future at its annual investor conference. It also showcased its strategy to gain a bigger share in India, grow its exports, and investing for growth without putting undue pressure on its Balance Sheet. * Demand recovery in the Replacement segment ...
Buy CEAT Ltd For Target Rs.1,700 - Motilal Oswal
Buy CEAT Ltd For Target Rs.1,700 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/07/2021 11:08:44 AM
Add CEAT Ltd For Target Rs.1,432 - ICICI Securities Margin pressures likely to intensify CEAT’s Q4FY21 performance was a beat on consensus expectations driven by faster than anticipated revenue growth (~46% YoY), driven by volume growth (~43%). On segmental basis the outperformance was led by PV/CV segments. These segments have started to witness growth moderation in Apr’21, we believe the same could continue till 1H. Lack of pricing power (big concern!) in the aftermarket segment was visible in 4Q as price hikes were limited to...
Add CEAT Ltd For Target Rs.1,432 - ICICI Securities
Add CEAT Ltd For Target Rs.1,432 - ICICI Securities
Source: ICICI Securities Ltd
3/06/2021 10:37:48 AM
Buy CEAT Ltd For Target Rs.1,700 - Motilal Oswal Below est.; higher RM cost hurts margin; to expand TBR capacity Cost inflation to keep margin under pressure over the next two quarters * CEAT’s 4QFY21 performance was impacted by RM cost inflation and weaker mix. While cost inflation will impact near-term performance, strength in demand will enable gradual pass through of cost. * We cut our FY22E/FY23E EPS by ~31%/6% to factor in near term impact from the second COVID wave and RM cost inflation. Maintain Buy.   Volu...
Buy CEAT Ltd For Target Rs.1,700 - Motilal Oswal
Buy CEAT Ltd For Target Rs.1,700 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/05/2021 9:51:41 AM
Buy CEAT Ltd For Target Rs. 1,663 - ICICI Securities Decent quarter; new capex likely to curtail FCF CEAT’s Q4FY21 performance was a beat on consensus expectations driven by faster than anticipated revenue growth (up ~50% YoY). The growth momentum was driven by outperformance in PV/CV segments. However, gross margins are beginning to reflect commodity price pressures (down 365bps QoQ). On balance sheet side, consolidated debt fell by ~Rs5.1bn YoY to ~Rs14.2bn (FY20: ~Rs19.3bn) while debt/equity ratio reduced to 0.42x (FY20: 0.66x). ...
Buy CEAT Ltd For Target Rs. 1,663 - ICICI Securities
Buy CEAT Ltd For Target Rs. 1,663 - ICICI Securities
Source: ICICI Securities Ltd
21/05/2021 12:25:24 PM
CEAT Tyres extends warranty on all tyres by 3 months Tyre manufacturer CEAT Tyres, has extended warranty period by an additional 3 months across the range of CEAT products in India. The decision was taken by the company to express their support to the customers amidst the 2nd wave of pandemic, with many states announcing lockdowns. The warranty extension by three months is applicable for the products with standard warranty expiring in between 1st April 2021 to 31st June 2021. Amit Tolani, Chief Marketing Officer, CEAT Tyres Ltd, said, ...
CEAT Tyres extends warranty on all tyres by 3 months
CEAT Tyres extends warranty on all tyres by 3 months
Source: IANS
19/05/2021 2:19:23 PM
Key News - Tata Motors, Tata Steel Ltd, Ceat Ltd, IDBI Bank, Maruti Suzuki India Ltd by ARETE Securities Key News CCI orders probe against Tata Motors for alleged unfair biz practices The Competition Commission of India (CCI) has ordered a detailed probe against Tata Motors for alleged abuse of its dominant position with respect to dealership agreements. The order has come on two complaints filed against Tata Motors, Tata Capital Financial Services and Tata Motors Finance (opposite parties). The CCI observed that the complainants are primarily aggrieved that Tata Motors has imposed unfair ...
Key News - Tata Motors, Tata Steel Ltd, Ceat Ltd, IDBI Bank, Maruti Suzuki India Ltd by ARETE Securities
Key News - Tata Motors, Tata Steel Ltd, Ceat Ltd, IDBI Bank, Maruti Suzuki India Ltd by ARETE Securities
Source: ARETE Securities Ltd
6/05/2021 9:08:13 AM
Ceat Q4 net profit zooms 154.01% at Rs 141.84 cr The company reported standalone net profit of Rs 141.84 crore for the quarter ended March 31, 2021 as compared to Rs 55.84 crore in the same period last year, registering a year-on-year growth of 154.01 per cent. Net revenue of the company rose substantially by 49.58 per cent at Rs 2,279.03 crore in January-March quarter of this fiscal as against Rs 1,523.63 crore in the corresponding period last year. During January-March quarter, operating expenses increased by 51.74 per cent to Rs 2,023...
Ceat Q4 net profit zooms 154.01% at Rs 141.84 cr
Ceat Q4 net profit zooms 154.01% at Rs 141.84 cr
Source: Dion Global Solutions Ltd
5/05/2021 5:22:45 PM
CEAT trades higher on the BSE CEAT is currently trading at Rs. 1548.65, up by 8.50 points or 0.55% from its previous closing of Rs. 1540.15 on the BSE. The scrip opened at Rs. 1553.00 and has touched a high and low of Rs. 1588.80 and Rs. 1545.00 respectively. So far 8023 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1763.15 on 04-Feb-2021 and a 52 week low of Rs. 713.00 on 18-May-2020. Last one week high and low of the scrip stood at Rs. ...
CEAT trades higher on the BSE
CEAT trades higher on the BSE
Source: Accord Fintech
9/04/2021 12:18:16 PM
CEAT inches up on opening all- women operated customer service centre in Punjab Ceat is currently trading at Rs. 1542.15, up by 1.30 points or 0.08% from its previous closing of Rs. 1540.85 on the BSE. The scrip opened at Rs. 1550.85 and has touched a high and low of Rs. 1593.00 and Rs. 1518.65 respectively. So far 10685 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1763.15 on 04-Feb-2021 and a 52 week low of Rs. 601.50 on 24-Mar-2020. Last one week high and low of the scrip stood at Rs....
CEAT inches up on opening all- women operated customer service centre in Punjab
CEAT inches up on opening all- women operated customer service centre in Punjab
Source: Accord Fintech
23/02/2021 4:40:14 PM
Buy CEAT Ltd For Target Rs.1,741 - ICICI Securities Margins resilient due to healthy replacement mix CEAT’s Q3FY21 performance was a beat on consensus expectations. EBIDTA margin came in at 14.7% (close to 19 qtr. high of 14.8%). Margin improvement was likely driven by: i) higher growth in replacement segment vis-à-vis OEM, and ii) high capacity utilisations across radial/bias segments. On balance sheet side, consolidated debt was lowered by ~Rs251mn QoQ to ~Rs15.6bn (FY20: ~19.3bn), debt/equity ratio has reduced to 0.49x (Q2F...
Buy CEAT Ltd For Target Rs.1,741 - ICICI Securities
Buy CEAT Ltd For Target Rs.1,741 - ICICI Securities
Source: ICICI Securities Ltd
26/01/2021 12:52:29 PM
Buy CEATLTD For Target Rs. 44.00 - Religare Sec Derivative Ideas CEATLTD added around 1.5% in open interest as long buildup was seen in it in previous session. Current chart pattern also indicates further surge in its price. We suggest buying CEATLTD options as per below levels. Strategy:- Buy CEATLTD 1140 CE between 26-27, Stop loss - 18, Target - 44 for 4-6 trading sessions.   To Read Complete Report & Disclaimer Click Here   For Religare Securities Ltd Disclaimer http://old.religareonl...
Buy CEATLTD For Target Rs. 44.00 - Religare Sec
Buy CEATLTD For Target Rs. 44.00 - Religare Sec
Source: Religare Securities Ltd
17/10/2018 8:58:20 AM