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India Equity Research Reports, IPO and Stock News
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The downturn in the shipping cycle, continuing volatility in the yarn
cycle and sharp rise in prices of commodity inputs have all acted as
drags on this segment’s ROE. Given the cyclical nature of the
businesses of some these companies, ROEs will remain volatile and
less predictable.
Balkrishna Industries, a maker of off-the-road tyres, is relatively
better off, thanks to the considerable pricing power that the
company enjoys for the niche products that it sells, although sharp
swings in rubber prices do induce some margin volatility. Sintex and
Redington too have consistently generated ROEs higher than the
cost of equity.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
The downturn in the shipping cycle, continuing volatility in the yarn
cycle and sharp rise in prices of commodity inputs have all acted as
drags on this segment’s ROE. Given the cyclical nature of the
businesses of some these companies, ROEs will remain volatile and
less predictable.
Balkrishna Industries, a maker of off-the-road tyres, is relatively
better off, thanks to the considerable pricing power that the
company enjoys for the niche products that it sells, although sharp
swings in rubber prices do induce some margin volatility. Sintex and
Redington too have consistently generated ROEs higher than the
cost of equity.
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