Shaping Up The Family Legacy: How Do Family Firms Prosper? Is the new generation joining family-led businesses, well equipped to take the helm? #Hero’s Sunil Kant Munjal, #CEAT’s Anant Goenka, #BAGLAGroup’s Rishikumar Bagla & #WalchandGroup’s Pallavi Jha speak to Tamanna Inamdar.

Shaping Up The Family Legacy: How Do Family Firms Prosper?

Corporate View: CEAT: Tracking Festive Sales This Year. Rubber prices rise: Impact on tyre companies. Sri Lankan Business back to normal? Seasonal upstick in passenger segment aids volume. OEM Volumes see minor sequential drop. Commodity inflation resurfacing? Two Wheeler Segment: Focus on premiumisation. Watch Kumar Subbiah, CFO, CEAT on ET Now.

#ceat #ceattyre #businessnews
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CEAT: Tracking Festive Sales This Year | Kumar Subbiah | Business News

The company posted a significant improvement in margins due to a sharp correction in raw material prices

CEAT: This tyre company is on a smooth ride

Post the purchase of shares Tyresnmore shall become a wholly owned subsidiary of CEAT.

CEAT Acquires 39.34% Stake In Tyresnmore For ₹3 Cr

Most of the investment will be deployed in increasing production of agri-radial tyres at Ambernath plant, where the company manufactures specialty tyres.

CEAT lines up Rs 750 crore capex for FY24

CEAT Ltd has planned a capex of approximately INR750 crore for the current fiscal year, primarily aimed at increasing its production capacity of agri-radial tyres at the Ambernath plant in Maharashtra, according to CEO Arnab Banerjee. CEAT expects higher volumes supplied to original equipment manufa…

CEAT lines up Rs 750 cr capex for FY24

Prabhudas Lilladher recommended hold rating on CEAT with a target price of Rs 2430 in its research report dated July 26, 2023.

Hold CEAT; target of Rs 2430: Prabhudas Lilladher

CEAT’s board of directors approved the issuance of non-convertible debentures worth Rs 500 crore.

Ceat Q1 Results Review: Expect Growth Across Categories But In Chosen Markets, Says CFO

The company’s consolidated net profit for the quarter rose 1,559% year-on-year to Rs 144.01 crore.

Ceat Q1 Result Review: Modest Revenue Growth Expected, Shares Gain

Ceat’s June quarter net profit expands to Rs 144 crore year-on-year.

CFO Kumar Subbiah joins in to discuss the performance. #BQLive 

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Ceat Q1FY24 Earnings Review | BQ Prime

CEAT Ltd posted net profit of ₹144 crore in June quarter, up from ₹9 crore in same period last year. Revenue from operations grew 4.1% to ₹2,935 crore. MD & CEO Arnab Banerjee said product-market fit was good, while CFO Kumar Subbiah noted procurement efficiencies and reduced debt.

CEAT’s net profit zooms to ₹144 crore, revenue from operations up 4.1%

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

CEAT Limited is engaged in manufacturing and sale of automotive tires, tubes and flaps. The Company manufactures radials for a range of vehicles.

CEAT Ltd