Top Five Tyre Companies With Highest Returns On YTD Basis
With increasing demand for the replacement market and the decrease in prices for the rubber which is a major component of the tyre manufacturing process, tyre companies have given shareholders very good returns. We give you top five tyre companies with highest returns for the quarter ended on a YTD basis.
| Company | Price as on 1st Jan 2014 | Price as on 13th June 2014 | Returns (%) |
|---|
| TVS SRICHAKRA | Rs.267.90 | Rs.612 | 128.44 |
| BALKRISHNA TYRES | Rs.340.30 | Rs.712 | 109 |
| APOLLO TYRES | Rs.104.85 | Rs.209.75 | 100 |
| JK TYRES &
INDUSTRIES | Rs.173.05 | Rs.287.5 | 66 |
| CEAT | Rs.336.65 | Rs.468.50 | 39 |
TVS Srichakra: Madurai based TVS Srichakra has given flamboyant returns of 131.40% in this quarter ended Mar’14. Its Net Profit increased to Rs 21.70 crore in Mar’14 to from Rs 10.49 crore in Dec’13, up 51.65 %.
Balkrishna Industries: Balkrishna Industries’ topline increased to Rs 1036.84 crore in Mar’14 from Rs 884.42 crore in Dec’13, up 17%. Its net profit also increased to Rs 154.15 crore in Mar’14 from Rs 123.85 crore in Dec’13
Apollo Tyres: The Company’s topline increased to Rs 2194.56 crore in Mar’14 from Rs 2143.56 crore in Dec’13. Bottomline increased to Rs 129.6 crore in Mar’14 from Rs 110.30 crore in Dec’13. (Standalone)
JK Tyres & Industries: Topline increased to Rs 1895.62 crore in Mar’14 from Rs 1703.42 crore in Dec’13.Bottomline decreased to Rs 44.96 crore in Mar’14 from Rs 56.03 crore in De’13. This loss was mainly on the back of unfavorable foreign exchange rate fluctuations. The company has recommended a dividend of Rs 5 per share.
Ceat: The company’s topline increased to Rs 1395.8 crore in Mar’14 from Rs 1375.49 crore in Dec’13. Bottomline decreased to Rs 57.85 crore in Mar’14 from Rs 60.85 crore in Dec’13. This decrease was mainly due to the “fire incident” in the Bhandup manufacturing facility of the company. It has recommended a dividend of Rs 10 per share.