CEAT LTD.
NSE : CEATLTDBSE : 500878ISIN
CODE : INE482A01020Industry : Tyres & AlliedHouse
: RPG Enterprises
BSE2279.1540.4 (+1.8 % )
PREV CLOSE (Rs.) 2238.75
OPEN PRICE (Rs.) 2277.85
BID PRICE (QTY) 2279.40 (4 )
OFFER PRICE (QTY) 2282.75 (17 )
VOLUME 7042
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE2274.00 38.1 (+1.7 % )
PREV CLOSE(Rs.) 2235.90
OPEN PRICE (Rs.) 2256.55
BID PRICE (QTY) 2272.25 (10 )
OFFER PRICE (QTY) 2274.70 (20 )
VOLUME 64564
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 03-May-2024 | CEAT reports 23% fall in Q4 consolidated net profit | <p style="text-align: justify;">CEAT has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 9.80% fall in its net profit at Rs 119.06 crore for the quarter under review as compared to Rs 132.00 crore for the same quarter in the previous year. However, total income of the company increased by 4.09% at Rs 2,982.17 crore for Q4FY24 as compared Rs 2,864.97 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 22.77% fall in its net profit at Rs 102.27 crore for fourth quarter ended March 31, 2024 as compared to Rs 132.42 crore for the same quarter in the previous year. However, total income of the company increased by 4.09% at Rs 2,994.92 crore for Q4FY24 as compared Rs 2,877.21 crore for the corresponding quarter previous year. <span style="white-space:pre"> </span></p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported over 3-fold jump in net profit at Rs 654.30 crore as compared to Rs 206.27 crore for the previous year. However, total income of the company increased by 5.46% at Rs 11,918.87 crore for year under review as compared to Rs 11,301.92 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 635.28 crore as compared to Rs 182.39 crore for the previous year. Total income of the company increased by 5.57% at Rs 11,963.21 crore for year under review as compared to Rs 11,331.82 crore for year ended March 31, 2023.</p><div style="text-align: justify;"><br></div> |
| 03-May-2024 | CEAT declines on reporting 23% fall in Q4 consolidated net profit | <p style="text-align: justify;">Ceat is currently trading at Rs. 2515.90, down by 104.80 points or 4.00% from its previous closing of Rs. 2620.70 on the BSE.</p><p style="text-align: justify;">The scrip opened at Rs. 2539.90 and has touched a high and low of Rs. 2571.75 and Rs. 2383.35 respectively. So far 23633 shares were traded on the counter.</p><p style="text-align: justify;">The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2997.25 on 20-Jan-2024 and a 52 week low of Rs. 1,629.20 on 03-May-2023.</p><p style="text-align: justify;">Last one week high and low of the scrip stood at Rs. 2692.20 and Rs. 2383.35 respectively. The current market cap of the company is Rs. 10198.68 crore.</p><p style="text-align: justify;">The promoters holding in the company stood at 47.21%, while Institutions and Non-Institutions held 36.06% and 16.73% respectively.</p><p style="text-align: justify;">CEAT has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 9.80% fall in its net profit at Rs 119.06 crore for the quarter under review as compared to Rs 132.00 crore for the same quarter in the previous year. However, total income of the company increased by 4.09% at Rs 2,982.17 crore for Q4FY24 as compared Rs 2,864.97 crore for the corresponding quarter previous year.</p><p style="text-align: justify;">On consolidated basis, the company has reported 22.77% fall in its net profit at Rs 102.27 crore for fourth quarter ended March 31, 2024 as compared to Rs 132.42 crore for the same quarter in the previous year. However, total income of the company increased by 4.09% at Rs 2,994.92 crore for Q4FY24 as compared Rs 2,877.21 crore for the corresponding quarter previous year. <span style="white-space:pre"> </span></p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported over 3-fold jump in net profit at Rs 654.30 crore as compared to Rs 206.27 crore for the previous year. However, total income of the company increased by 5.46% at Rs 11,918.87 crore for year under review as compared to Rs 11,301.92 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 635.28 crore as compared to Rs 182.39 crore for the previous year. Total income of the company increased by 5.57% at Rs 11,963.21 crore for year under review as compared to Rs 11,331.82 crore for year ended March 31, 2023.</p> |
| 03-May-2024 | CEAT informs about related party transactions | <p style="text-align: justify;">Pursuant to Regulation 23(9) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, CEAT has informed that it enclosed the disclosure of Related Party Transactions for the half year ended March 31, 2024.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div style="text-align: justify;"><br></div> |
| 02-May-2024 | Appointment of Director | Inter alia, approved:- 1. Recommended final dividend Rs. 30/- (Rupees Thirty only), i.e. 300% (Three Hundred percent) per equity share of face value of Rs. 10 (Rupees Ten only) each fully paid up, for the financial year ended March 31, 2024, subject to the approval of the members at ensuing Annual General Meeting, which will be paid / dispatched within 30 days of its declaration thereat. 2. . The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee of the Company, considered the appointment of Ms. Daisy Chittilapilly, (DIN: 09577569) as an Additional Director in the capacity of Non-Executive, Independent Director of the Company for a term of five years w.e.f. May 2, 2024, subject to approval of shareholders by way of special resolution. |
| 26-Apr-2024 | Ceat informs about loss of certificate | <p style="text-align: justify;">Ceat has enclosed intimation of the loss of share certificate(s) as received by us from NSDL Database Management Limited our Registrar and Transfer Agent, being submitted to you pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. </p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p><div style="text-align: justify;"><br></div> |
| 15-Mar-2024 | Ceat informs about details of loss of certificate | <div style="text-align: justify;">Ceat has enclosed intimation of the loss of share certificate(s) as received from Link Intime India, Registrar and Transfer Agent, being submitted pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE. </div> |
| 14-Mar-2024 | Appointment of Director | Inter alia, to consider and approve:- A. Appointment of Independent directors ? The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee of the Company, considered the appointment of Mr. Milind Sarwate, (DIN: 00109854) as an Additional Director in the capacity of Non-Executive, Independent Director of the Company for a period of five years w.e.f. March 14, 2024, subject to approval of shareholders by way of special resolution. ? The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee of the Company, considered the appointment of Ms. Sukanya Kripalu, (DIN: 06994202) as an Additional Director in the capacity of Non-Executive, Independent Director of the Company for a period of five years w.e.f. March 14, 2024, subject to approval of shareholders by way of special resolution. B. Reconstitution of Board Committees The Board considered inducting the new directors on various Board committees by reconstituting the committees as under: i. Audit Committee Mr. Mahesh Gupta ? Chairman Mr. Paras Chowdhary - Member Mr. Atul Choksey ? Member Mr. Milind Sarwate - Member ii. Risk Management Committee Mr. Mahesh Gupta ? Chairman Mr. Paras Chowdhary - Member Mr. Anant Goenka ? Member Mr. Milind Sarwate - Member iii. Nomination and RemunerationCommittee Mr. Mahesh Gupta ? Chairman Mr. Paras Chowdhary - Member Mr. Atul Choksey ? Member Ms. Sukanya Kripalu - Member iv. Stakeholders? RelationshipCommittee Mr. Anant Goenka ? Chairman Mr. Mahesh Gupta ? Member Mr. Paras Chowdhary ? Member Mr. Arnab Banerjee - Member v. Sustainability and CSRCommittee Mr. Anant Goenka ? Chairman Mr. Paras Chowdhary ? Member Ms. Priya Nair - Member Ms. Sukanya Kripalu - Member C. Amendment to the Memorandum of Association With a view of exploring possible opportunities in the mobility space using Internet of Things devices and providing software and/or related services / solution(s) in connection with providing additional value to the customers, the Board approved alteration of the Memorandum of Association of the Company subject to approval by shareholders by way of special resolution |
| 23-Feb-2024 | Ceat selected as official partner for IPL by BCCI | <p style="text-align: justify;">Ceat has been selected as an official partner by Board of Control for Cricket in India (BCCI) to sponsor certain segments of the Indian Premier League (IPL) matches, with an aggregate spend of about Rs 240 crore over five years.</p><p style="text-align: justify;">Ceat is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.</p><div style="text-align: justify;"><br></div> |
| 23-Feb-2024 | Ceat informs about company updates | <div style="text-align: justify;">Pursuant to Regulation 30 and 51 read with other applicable regulations of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Ceat has informed that the Company has been selected as an official partner by Board of Control for Cricket in India (BCCI) to sponsor certain segments of the IPL matches, with an aggregate spend of about Rs 240 Crore over five years.</div><div style="text-align: justify;"><br></div><div style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</div><div style="text-align: justify;"><br></div> |
| 25-Jan-2024 | CEAT gets approval for capital expenditure plan of Rs 572 crore | <p style="text-align: justify;">CEAT has received an approval for capital expenditure proposals to the tune of Rs 572 crore covering upstream capacity addition / cost overrun / debottlenecking / rooftop solar at the existing plants. The proposed amount would be spent over the next 3 years and is proposed to be funded through a mix of debt and internal accruals.</p><p style="text-align: justify;">The Board of Directors of the Company at its meeting held on January 24, 2024, considered and approved the same.</p><p style="text-align: justify;">Ceat is among the best tyre manufacturers in India. It manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors and tippers and trucks. Besides tyres, the company also manufactures and markets tubes and flaps.</p><div style="text-align: justify;"><br></div> |
