Research And Views Archives | Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Archives... Don't Miss Anything, Ever!

Here you will find all the research and views that we post on Equitymaster. Use the tools to customize the results to suit your preference!


MRF v/s Apollo Tyres: A Comparison

Jan 12, 2012

Equitymaster compares India's two big tyre manufacturers, Apollo Tyres and MRF.

Auto ancillaries: In the driver’s seat

Mar 1, 2004

While some Indian companies were winning plaudits for their work in the services field such as IT (information technology) and BPO (business process outsourcing), companies from the manufacturing sector weren’t exactly treading the same path. However, if the developments that have taken place recently in the auto ancillary industry are any indication, it will not be long before the domestic auto ancillary industry does a repeat act. And this newfound optimism in the industry is not without reaso

Apollo tyres: An overview

Oct 15, 2003

Apollo Tyres is one of India’s leading manufacturers of tyres with a strong presence in the commercial vehicle OEM segment (as a supplier to Telco and the like). It has market leadership in the truck tyre replacement segment. The company also supplies to car and tractor OEM majors (original equipment).

MRF: Challenging environment

Apr 3, 2002

Auto component majors, after touching their 52-week low levels in 2QFY02, have recovered in sync with other auto majors. While the recovery in auto sector would definitely benefit these players, there are some segments like tyres in which pricing power of manufacturers is slowly decreasing. MRF, one of the market leaders in the Indian tyre segment, has also been a victim on account of higher raw material costs and competition.

MRF: Tired performance

Dec 24, 2001

The performance of MRF Limited, the market leader in the Indian tyre segment, reflects the downturn in the auto industry. Both sales and profits have nose-dived in light of slowdown in the economy. It must be noted that MRF is a September year ending company.

MRF: 2Q net declines 74% YoY

May 2, 2001

MRF Ltd, India's largest tyre manufacturer has reported dismal results for 2QFY01. The company's net profit has registered a decline of 74% YoY to Rs 43 m for 2QFY01 as compared to Rs 166.5 m for 2QFY00. Its turnover declined by 22% during this period due to the ongoing slowdown in the automobile sector.

MRF Ltd: 1QFY01 net falls 42%

Feb 1, 2001

MRF Ltd has reported a decline of 42% YoY in its net profit to Rs 96.4 m for 1QFY01 as compared to Rs 166.2 m for 1QFY00. Its turnover went up marginally by 0.5% to Rs 5,706 m.

MRF Ltd: Net profit down 35%

Dec 23, 2000

MRF Ltd has reported a decline of 35% YoY in its net profit to Rs 641 m for FY00 as compared to Rs 986.7 m for FY99. This is despite a 2% growth in turnover in FY00.

Tyres: Threat from China

Dec 22, 2000

The Indian tyre industry has seen a decline in imports from 240,000 car radial tyres in FY98 to 120,000 car radial tyres in FY2000. However things are changing in the current year. It is faced with the pressure of cheaper Chinese imports, which have made an inroad into the Indian tyre market.

Apollo Tyres Ltd. net up 44%

Jul 31, 2000

The company has reported a 7.5% YoY increase in net sales for the 1QFY01 to Rs 3,509 m.

MRF Ltd : higher rubber prices result in fall in net

Jul 29, 2000

The company's sales have gone up by 5% YoY to Rs 6.1 bn in the 3QFY01, however due to a sharp rise in operating expenses the company's operating margins fell from 14.4% in 3QFY00 to 10.2% in 3QFY01. The expense which went up was of raw material as rubber prices have been on the rise. These took its toll on the company's margins.

Apollo Tyres net up 145% YoY

May 30, 2000

Apollo Tyres has reported a net profit of Rs 761 m for FY2000, a growth of 145% over the FY99 net of Rs 311 m. Sales and other income grew by 18.9% YoY to Rs 13.7 bn in FY2000. The operating profit before depreciation and tax jumped 60% YoY.

Tyre production up, prospects not so bright

May 2, 2000

The tyre production figures from April'99-January'2000 have shown an improvement of 7.1% YoY at 29.8m units as compared to 27.7m units for the same period of previous year. The truck and bus segment which accounts for 70% of sales reported a production growth of 11.9% YoY during this period. The other segments that contributed to a good growth in tyre production were passenger cars, tractors and motorcycles as demand from these segments was buoyant during the year.

MRF reports disappointing 2Q results

Apr 20, 2000

MRF has reported a fall in its net profit by 34% for the 2QFY2000 to Rs 209 m as compared to Rs 316 m reported by the company in the 2QFY99. The main reasons for this decline are a fall in operating profits by 16% YoY which was driven by a decline in sales and increase in operating expenses.

Goodyear India net profit up 28.6%.

Mar 28, 2000

Goodyear India has reported a net profit of Rs 189 m for FY2000.

Continental buys 15% stake in Apollo Tyres

Feb 15, 2000

Continental AG, Germany, the fourth largest tyre manufacturer in the world, has finally picked up 15 percent equity stake in Apollo Tyres

Local tyre industry hit by Korean dumping

Feb 10, 2000

The Indian tyre market is facing increasing competition from Korean imports and plans to appeal to the government to impose duties on Korean companies.

Vikrant Tyres net up 20%

Feb 2, 2000

Vikrant Tyres has reported a net profit of Rs 69.1m for the 3QFY2000. Its net sales fell by 4.7% and expenses fell by 8%, hence profit growth has not come about from higher sales.

Apollo Tyres posts sharp rise in net

Jan 31, 2000

A rise in operating profits and a decline in interest expenditure has enabled Apollo Tyres to post a 264% jump in net profits during the quarter ended 31st December 1999. The company is benefiting from the rise in volumes on the back of increased demand from the automotive sector.

MRF hikes production to satisfy export demand

Dec 22, 1999

Tyre heavyweight, MRF plans to increase production by 20% in the next year to meet higher demand from export markets.

Covid-19 Proof
Multibagger Stocks

Covid19 Proof Multibaggers
Get this special report, authored by Equitymaster's top analysts now!
We will never sell or rent your email id.
Please read our Terms