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    APOLLOTYRE   INE438A01022

APOLLO TYRES LIMITED

(APOLLOTYRE)
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India decides against anti-dumping duty on Thai radial tyre imports

03/02/2021 | 10:56am EDT

NEW DELHI (Reuters) - India has decided against imposing anti-dumping duty on new pneumatic radial tyres for buses and lorries from Thailand, according to a governemnt order https://bit.ly/2Od5ESb issued on Tuesday.

Last year the Automotive Tyre Manufacturers' Association - on behalf of Apollo Tyres, Ceat Ltd, JK Tyre Industries and MRF Ltd - had asked the Indian government to initiate an anti-dumping investigation over imports of radial tyres orginating in or exported from Thailand.

(Reporting by Nidhi Verma; Editing by David Goodman)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
APOLLO TYRES LIMITED 0.15% 226.8 Delayed Quote.27.42%
CEAT LIMITED 0.45% 1372.8 End-of-day quote.27.19%
JK HOLDINGS CO., LTD. 1.13% 802 End-of-day quote.-6.53%
JK TYRE & INDUSTRIES LIMITED -1.52% 142.9 End-of-day quote.90.28%
MRF LIMITED -0.48% 81141.9 End-of-day quote.7.17%
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Financials
Sales 2022 201 B 2 697 M 2 697 M
Net income 2022 8 334 M 112 M 112 M
Net Debt 2022 49 676 M 668 M 668 M
P/E ratio 2022 16,3x
Yield 2022 1,53%
Capitalization 144 B 1 935 M 1 936 M
EV / Sales 2022 0,97x
EV / Sales 2023 0,81x
Nbr of Employees 18 734
Free-Float 62,8%
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 226,80 INR
Average target price 258,61 INR
Spread / Average Target 14,0%
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Managers and Directors
Neeraj Singh Kanwar Vice Chairman & Co-Managing Director
Onkar Singh Kanwar Chairman & Co-Managing Director
Sunam Sarkar President, Director & Chief Business Officer
Gaurav Kumar Chief Financial Officer
Daniele Lorenzetti Chief Technology Officer