Announced Thu, 16 Jul · 19:54 IST
CEAT board approves Rs 1,205 Cr capex to expand two-wheeler tyre capacity
CEATLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-11.1%1-day move
₹3834.00
prior close
₹3626.80
base price
After-mkt
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AI summary
CEAT board approved Rs 1,205 Cr capex to add about 53,000 tyres per day capacity for two-wheeler segment, expected by end of FY2031 in phases. Funded via internal accruals and debt. Existing capacity around 80,000 tyres per day at about 95 percent utilisation, mainly at Nagpur plant. Board also cleared Q1 FY27 results: consolidated revenue up 22 percent YoY at Rs 4,318 Cr, but net profit dropped to Rs 4 Cr from Rs 112 Cr due to raw material cost inflation from West Asia crisis.
Likely market impact
Positive long-term growth via capacity expansion; near-term margins under pressure from raw material costs; debt may rise.