CEAT Ltd

CEAT Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

CEAT Ltd

₹ 3,724 -1.88%
11 Jul - close price
ceat.com BSE: 500878 NSE: CEATLTD
About

CEAT, established in 1958, is one of the largest tyre manufacturers and one of the fastest-growing tyre companies in India. CEAT became a part of the RPG Group in 1982. It is amongst the Top 25 best workplaces in Manufacturing by GPTW for 2022.[1]

Key Points

History of CEAT[1]
CEAT was founded in 1924 by Virginio Bruni Tedeschi as Cavi Elettrici e Affini Torino, initially producing electrical and telephone cables. During World War II, it diversified into rubber and began manufacturing tires in 1945. CEAT Tyres of India was established in 1958 in collaboration with the Tatas, setting up its first factory in Mumbai. In 1981, the RPG Group acquired CEAT, India's leading conglomerate with 30,000+ employees, a presence in 110+ countries, and annual gross revenues of USD 4.4 Bn

Website BSE NSE
  • Market Cap ₹ 15,062 Cr.
  • Current Price ₹ 3,724
  • High / Low ₹ 4,044 / 2,322
  • Stock P/E 29.9
  • Book Value ₹ 1,060
  • Dividend Yield 0.81 %
  • ROCE 15.8 %
  • ROE 12.2 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 22.4%

Cons

  • Company has a low return on equity of 12.9% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Tyres & Rubber Products

Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
2,576 2,803 2,886 2,711 2,863 2,921 3,043 2,949 2,979 3,168 3,298 3,292 3,414
2,391 2,639 2,681 2,474 2,492 2,535 2,586 2,532 2,584 2,787 2,932 2,948 3,019
Operating Profit 185 164 206 237 371 386 457 417 395 382 366 344 395
OPM % 7% 6% 7% 9% 13% 13% 15% 14% 13% 12% 11% 10% 12%
-1 2 7 2 -6 16 4 3 -40 14 20 3 -33
Interest 56 51 57 65 66 69 71 65 61 61 66 75 74
Depreciation 110 111 115 117 125 121 124 127 136 132 137 141 152
Profit before tax 18 3 41 57 173 212 266 228 159 202 183 130 135
Tax % 28% 27% 27% 26% 24% 25% 25% 23% 25% 26% 25% 26% 26%
13 3 30 42 132 159 199 177 119 149 137 96 100
EPS in Rs 3.29 0.63 7.39 10.34 32.63 39.42 49.23 43.67 29.43 36.89 33.75 23.73 24.82
Raw PDF
Upcoming result date: 17 July 2025

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
5,276 5,504 5,451 5,702 6,213 6,831 6,748 7,573 9,313 11,263 11,893 13,172
4,643 4,855 4,651 5,029 5,571 6,186 6,027 6,588 8,601 10,286 10,237 11,685
Operating Profit 633 649 799 673 642 646 720 985 712 977 1,656 1,486
OPM % 12% 12% 15% 12% 10% 9% 11% 13% 8% 9% 14% 11%
10 22 35 23 21 6 1 -11 5 5 -17 4
Interest 184 141 99 87 92 68 152 176 204 239 266 277
Depreciation 83 88 107 142 162 174 277 340 435 469 508 562
Profit before tax 377 443 628 467 410 410 292 459 77 274 865 650
Tax % 33% 32% 29% 22% 32% 29% 23% 10% 30% 25% 24% 26%
254 299 445 363 279 289 225 414 54 206 654 482
EPS in Rs 70.58 73.91 110.06 89.67 68.90 71.42 55.53 102.26 13.43 50.99 161.75 119.18
Dividend Payout % 14% 14% 10% 13% 17% 17% 22% 18% 22% 24% 19% 25%
Compounded Sales Growth
10 Years: 9%
5 Years: 14%
3 Years: 12%
TTM: 11%
Compounded Profit Growth
10 Years: 5%
5 Years: 16%
3 Years: 98%
TTM: -27%
Stock Price CAGR
10 Years: 18%
5 Years: 33%
3 Years: 47%
1 Year: 42%
Return on Equity
10 Years: 13%
5 Years: 11%
3 Years: 13%
Last Year: 12%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 36 40 40 40 40 40 40 40 40 40 40 40
Reserves 931 1,558 1,909 2,266 2,506 2,711 2,720 3,124 3,110 3,305 3,911 4,245
1,149 759 651 775 641 1,261 2,014 1,512 2,203 2,268 1,756 2,136
1,256 1,278 1,292 1,462 1,581 2,050 2,371 3,231 3,607 3,855 4,122 4,672
Total Liabilities 3,372 3,636 3,893 4,543 4,769 6,062 7,146 7,907 8,961 9,469 9,828 11,094
1,474 1,481 1,975 2,409 2,465 2,846 4,160 4,763 5,329 6,096 6,246 6,991
CWIP 30 164 213 49 162 749 1,002 728 808 537 684 507
Investments 124 437 224 259 320 313 111 118 126 130 156 165
1,743 1,554 1,480 1,827 1,823 2,153 1,874 2,298 2,698 2,706 2,743 3,432
Total Assets 3,372 3,636 3,893 4,543 4,769 6,062 7,146 7,907 8,961 9,469 9,828 11,094

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
155 705 718 344 744 533 968 1,351 632 1,215 1,724 1,083
-98 -259 -412 -419 -420 -1,052 -1,128 -626 -950 -860 -874 -935
-32 -177 -340 78 -269 504 126 -728 311 -318 -868 -140
Net Cash Flow 26 269 -33 3 55 -15 -34 -3 -7 37 -18 7

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 50 44 39 38 42 39 36 44 45 42 39 46
Inventory Days 76 68 73 100 72 85 86 96 78 56 60 63
Days Payable 70 67 74 81 81 91 111 158 131 113 123 122
Cash Conversion Cycle 55 45 37 57 33 33 11 -17 -8 -15 -24 -13
Working Capital Days 19 9 16 30 3 3 -14 -36 -26 -27 -31 -21
ROCE % 29% 26% 30% 20% 17% 15% 11% 14% 6% 10% 21% 16%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
47.21% 47.21% 47.21% 47.21% 47.21% 47.21% 47.21% 47.21% 47.21% 47.21% 47.21% 47.21%
22.45% 23.78% 24.09% 23.30% 26.20% 24.10% 19.99% 20.16% 18.76% 16.65% 15.83% 15.28%
11.15% 11.72% 12.92% 13.60% 12.20% 12.92% 14.29% 15.91% 17.09% 19.75% 20.54% 21.52%
19.20% 17.29% 15.79% 15.90% 14.40% 15.79% 18.50% 16.73% 16.93% 16.39% 16.41% 15.99%
No. of Shareholders 1,33,4301,04,01693,40194,23291,3641,05,8751,16,5091,14,3971,38,3151,43,0631,56,3331,57,285

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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