Scripscan:Falcon Tyres Ltd
BSE code:509527
cmp:35
Story:Falcon Tyres Limited engages in the manufacture and marketing of nylon bias ply tires and butyl tubes in India and internationally. The company’s products also include offers pneumatic tires of rubber, inner tubes of rubber, and tire flaps. It offers its products for two and three wheelers, passenger cars, jeeps, and light commercial and farm vehicles under the brand names of DUNLOP in India, and Falcon and Donin internationally.Falcon Tyre is a company which has been continuously improving the performance, going by their yearly performance. For year ended September 2010, the company has posted top-line close to about more than Rs 800 crore and EPS has been about 13.50 for that year. The company has been exporting their tyres under the Falcon brand and in the domestic market they are selling the tyres in the brand name of Dunlop since Dunlop is a group company. The brand has given them a strong foothold as well as the better margin. The use of Dunlop brand name for the local market has started because of promoters Pawan Ruia Group who have not been able to stabilize with the production at Dunlop though the things are on an improvement stage there as well.This company is going to take the advantage and if I take a call on the FY11 earning for year ended September 2011, the company should be able to post an EPS of close to about Rs 18.I am expecting that the share should be capable to give a return of 30% in next one year.
Search This Blog(Over 800 companies covered in the blog).
Archives : Old artciles
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
