CEAT, the flagship company of RPG Group, was established in 1958 as CEAT Tyres of India Ltd in collaboration with Tata Group, later in 1982, RPG Group acquired the company.
Mr. Anant Vardhan Goenka is the Managing Director and as of 31-Mar-2020, domestic institutional investors held 6.11 per cent stake in the firm, while foreign institutional investors held 28.21 per cent and the promoters 46.69 per cent.
CEAT manufactures a wide range of tyres for two-wheelers, three-wheelers, four-wheelers, tractors, tippers and trucks, besides tyres, the company also manufacture and markets tubes and flaps.
CEAT produces over 165 million tyres a year and it exports to over 130 countries across the Africa, Americas, Australia, and Asia.
The company’s network currently extends to more than 4,500 dealers and over 30,000 sub-dealers.
CEAT six has plants in Nashik, Mumbai, Halol, Ambernath, Chennai and Nagpur. Ambernath plant is undertaken by CEAT’s wholly owned subsidiary. CEAT also has a manufacturing facility in Sri Lanka through its overseas joint ventures.In 1993, the company collaborated with Yokohama Rubber Company, to manufacture radial tyres from their Nashik unit.
For the quarter ended 31-03-2020, the CEAT Ltd reported a consolidated sale of Rs 1573.41 Crore, which was down -10.69 % from last quarter Sales of Rs 1761.77 Crore and down -10.63 % from last year same quarter sales of Rs 1760.47 Crore.
CEAT Ltd has reported net profit after tax of Rs 49.20 Crore in latest quarter.
CEAT Ltd is a Mid Cap company with a market capital of Rs 3276.26 Crore. As on 31-03-2020, the company has a total of 40,450,092 shares outstanding.
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