CEAT Ltd
₹ 3,430
-0.98%
31 Jul
- close price
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
- Market Cap ₹ 13,877 Cr.
- Current Price ₹ 3,430
- High / Low ₹ 4,438 / 3,000
- Stock P/E 21.8
- Book Value ₹ 1,247
- Dividend Yield 1.02 %
- ROCE 19.2 %
- ROE 16.1 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 21.6%
Cons
* 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.
Loading peers table ...
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,705 | 5,484 | 5,766 | 6,282 | 6,985 | 6,779 | 7,610 | 9,363 | 11,315 | 11,943 | 13,218 | 15,678 | 16,467 | |
| 5,013 | 4,694 | 5,096 | 5,652 | 6,332 | 6,052 | 6,617 | 8,643 | 10,341 | 10,291 | 11,742 | 13,614 | 14,442 | |
| Operating Profit | 692 | 789 | 670 | 630 | 652 | 727 | 993 | 721 | 974 | 1,653 | 1,475 | 2,064 | 2,025 |
| OPM % | 12% | 14% | 12% | 10% | 9% | 11% | 13% | 8% | 9% | 14% | 11% | 13% | 12% |
| 16 | 7 | 28 | 9 | 10 | 8 | 10 | 17 | -8 | -18 | 8 | -31 | -33 | |
| Interest | 142 | 101 | 90 | 104 | 93 | 154 | 179 | 207 | 242 | 269 | 278 | 359 | 423 |
| Depreciation | 93 | 108 | 143 | 169 | 193 | 277 | 340 | 435 | 469 | 509 | 563 | 697 | 732 |
| Profit before tax | 472 | 587 | 466 | 367 | 376 | 304 | 484 | 95 | 254 | 857 | 643 | 976 | 837 |
| Tax % | 33% | 32% | 23% | 36% | 33% | 24% | 11% | 26% | 28% | 26% | 27% | 29% | |
| 314 | 436 | 359 | 233 | 251 | 230 | 432 | 71 | 182 | 635 | 471 | 697 | 589 | |
| EPS in Rs | 78.41 | 108.17 | 89.28 | 58.83 | 62.35 | 57.17 | 106.81 | 17.60 | 46.02 | 158.87 | 116.85 | 172.56 | 145.79 |
| Dividend Payout % | 13% | 11% | 13% | 20% | 19% | 21% | 17% | 17% | 26% | 19% | 26% | 20% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 16% |
| 3 Years: | 11% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 10% |
| 3 Years: | 54% |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 20% |
| 3 Years: | 12% |
| 1 Year: | 4% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 12% |
| 3 Years: | 15% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 1,642 | 2,014 | 2,374 | 2,566 | 2,726 | 2,867 | 3,276 | 3,232 | 3,399 | 4,002 | 4,328 | 5,006 |
| 775 | 663 | 924 | 872 | 1,498 | 2,035 | 1,533 | 2,229 | 2,295 | 1,792 | 2,136 | 3,272 | |
| 1,365 | 1,390 | 1,578 | 1,669 | 2,140 | 2,423 | 3,284 | 3,658 | 3,891 | 4,160 | 4,707 | 5,584 | |
| Total Liabilities | 3,822 | 4,108 | 4,917 | 5,146 | 6,404 | 7,366 | 8,133 | 9,160 | 9,627 | 9,994 | 11,212 | 13,902 |
| 1,581 | 2,032 | 2,453 | 2,709 | 3,180 | 4,160 | 4,763 | 5,329 | 6,096 | 6,271 | 6,984 | 8,439 | |
| CWIP | 229 | 299 | 326 | 310 | 833 | 1,069 | 793 | 876 | 596 | 684 | 538 | 638 |
| Investments | 312 | 195 | 232 | 214 | 181 | 184 | 210 | 179 | 170 | 182 | 190 | 222 |
| 1,700 | 1,581 | 1,907 | 1,914 | 2,210 | 1,954 | 2,367 | 2,775 | 2,765 | 2,858 | 3,501 | 4,604 | |
| Total Assets | 3,822 | 4,108 | 4,917 | 5,146 | 6,404 | 7,366 | 8,133 | 9,160 | 9,627 | 9,994 | 11,212 | 13,902 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 749 | 702 | 335 | 672 | 561 | 956 | 1,358 | 619 | 1,205 | 1,719 | 1,092 | 1,786 | |
| -253 | -433 | -543 | -412 | -1,060 | -1,076 | -618 | -944 | -849 | -854 | -922 | -2,271 | |
| -194 | -326 | 219 | -202 | 484 | 79 | -731 | 313 | -320 | -871 | -177 | 477 | |
| Net Cash Flow | 301 | -57 | 10 | 58 | -15 | -40 | 9 | -12 | 37 | -5 | -7 | -8 |
| Free Cash Flow | 449 | -12 | -248 | 189 | -546 | -154 | 723 | -337 | 328 | 852 | 149 | 639 |
| CFO/OP | 124% | 110% | 65% | 122% | 98% | 134% | 142% | 89% | 120% | 114% | 80% | 95% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 45 | 40 | 39 | 43 | 37 | 36 | 44 | 45 | 42 | 39 | 46 | 43 |
| Inventory Days | 70 | 76 | 101 | 75 | 88 | 88 | 97 | 79 | 56 | 61 | 63 | 68 |
| Days Payable | 68 | 75 | 81 | 83 | 92 | 111 | 157 | 131 | 112 | 123 | 122 | 132 |
| Cash Conversion Cycle | 47 | 40 | 59 | 35 | 33 | 12 | -16 | -6 | -14 | -23 | -13 | -21 |
| Working Capital Days | -7 | 11 | 21 | -9 | -11 | -27 | -41 | -41 | -49 | -51 | -49 | -49 |
| ROCE % | 26% | 27% | 19% | 15% | 13% | 10% | 14% | 6% | 9% | 20% | 15% | 19% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Number of Dealers count ・Standalone data |
|
|||||||||
| Channel Mix - Exports % of revenue ・Standalone data |
||||||||||
| Channel Mix - OEM % of revenue ・Standalone data |
||||||||||
| Channel Mix - Replacement % of revenue ・Standalone data |
||||||||||
| Number of Sub-Dealers count ・Standalone data |
||||||||||
| Number of Retail Stores/Outlets count ・Standalone data |
||||||||||
| Revenue Mix - 2/3 Wheelers % of revenue ・Standalone data |
||||||||||
| Revenue Mix - PC/UV % of revenue ・Standalone data |
||||||||||
| Revenue Mix - Truck & Bus % of revenue ・Standalone data |
||||||||||
| Total Production million tyres |
||||||||||
| Revenue Mix - Off Highway Tires (OHT) % of revenue ・Standalone data |
||||||||||
| Sustainable Material Usage % ・Standalone data |
||||||||||
| Volume Growth (YoY %) % |
||||||||||
| Capacity Utilization % ・Standalone data |
||||||||||
| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
||||||||||
Requires Premium
Requires Premium
Extracted by Screener AI
Documents
Announcements
- ESOP Updates 3m
-
CEAT Limited Has informed About Issue Of Duplicate Share Certificates
3h - CEAT reported issuance of duplicate share certificates under Regulation 39(3) on July 31, 2026.
- Newspaper Publication 1d
-
Grant Of Options
24 Jul - CEAT granted 74,247 employee options at Rs. 2,842.83 each under ESOS 2025 on July 24, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
24 Jul - Copy of Newspaper Publication regarding the completion of dispatch of Integrated Annual Report of the Company for FY 2025-26
Annual reports
-
Financial Year 2026
from bse
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
Concalls
-
Jul 2026Transcript PPT REC
-
May 2026TranscriptAI SummaryPPT
-
Apr 2026Transcript PPT
-
Jan 2026Transcript PPT REC
-
Oct 2025Transcript PPT
-
Jul 2025Transcript PPT REC
-
Jun 2025TranscriptAI SummaryPPT
-
Apr 2025Transcript PPT REC
-
Jan 2025Transcript PPT
-
Jan 2025TranscriptAI SummaryPPT
-
Oct 2024Transcript PPT
-
Jul 2024Transcript PPT
-
Jun 2024TranscriptAI SummaryPPT
-
May 2024Transcript PPT REC
-
Jan 2024Transcript PPT
-
Nov 2023TranscriptAI SummaryPPT
-
Nov 2023TranscriptAI SummaryPPT
-
Nov 2023Transcript PPT
-
Oct 2023TranscriptAI SummaryPPT
-
Aug 2023Transcript PPT
-
Jul 2023TranscriptAI SummaryPPT
-
May 2023Transcript PPT REC
-
Feb 2023TranscriptAI SummaryPPT
-
Jan 2023TranscriptAI SummaryPPT
-
Nov 2022TranscriptAI SummaryPPT
-
Sep 2022TranscriptAI SummaryPPT
-
Sep 2022TranscriptAI SummaryPPT
-
Aug 2022TranscriptAI SummaryPPT
-
Jul 2022TranscriptAI SummaryPPT
-
Jun 2022TranscriptAI SummaryPPT
-
May 2022TranscriptAI SummaryPPT
-
Mar 2022TranscriptAI SummaryPPT
-
Feb 2022Transcript PPT
-
Jan 2022TranscriptAI SummaryPPT
-
Nov 2021Transcript PPT
-
Oct 2021TranscriptAI SummaryPPT
-
Sep 2021TranscriptAI SummaryPPT
-
Aug 2021Transcript PPT
-
Jul 2021TranscriptAI SummaryPPT
-
Jun 2021TranscriptAI SummaryPPT
-
May 2021TranscriptAI SummaryPPT
-
May 2021TranscriptAI SummaryPPT
-
Mar 2021TranscriptAI SummaryPPT
-
Feb 2021TranscriptAI SummaryPPT
-
Feb 2021TranscriptAI SummaryPPT
-
Feb 2021TranscriptAI SummaryPPT
-
Feb 2021Transcript PPT
-
Jan 2021TranscriptAI SummaryPPT
-
Dec 2020TranscriptAI SummaryPPT
-
Dec 2020TranscriptAI SummaryPPT
-
Nov 2020TranscriptAI SummaryPPT
-
Nov 2020Transcript PPT
-
Oct 2020TranscriptAI SummaryPPT
-
Aug 2020TranscriptAI SummaryPPT
-
Jul 2020Transcript PPT
-
May 2020Transcript PPT
-
Feb 2020Transcript PPT
-
Jan 2020TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
-
Oct 2019Transcript PPT
-
Sep 2019TranscriptAI SummaryPPT
-
Sep 2019Transcript PPT
-
Aug 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Aug 2019TranscriptAI SummaryPPT
-
Jun 2019Transcript PPT
-
May 2019TranscriptAI SummaryPPT
-
May 2019TranscriptAI SummaryPPT
-
Mar 2019TranscriptAI SummaryPPT
-
Feb 2019TranscriptAI SummaryPPT
-
Feb 2019TranscriptAI SummaryPPT
-
Feb 2019TranscriptAI SummaryPPT
-
Jan 2019Transcript PPT
-
Dec 2018TranscriptAI SummaryPPT
-
Nov 2018TranscriptAI SummaryPPT
-
Nov 2018TranscriptAI SummaryPPT
-
Nov 2018Transcript PPT
-
Oct 2018TranscriptAI SummaryPPT
-
Jul 2018Transcript PPT
-
Apr 2018Transcript PPT
-
Apr 2018TranscriptAI SummaryPPT
-
Apr 2018TranscriptAI SummaryPPT
-
Mar 2018TranscriptPPT
-
Feb 2018TranscriptAI SummaryPPT
-
Aug 2017Transcript PPT
-
Apr 2017Transcript PPT
-
Apr 2017TranscriptAI SummaryPPT
-
Feb 2017Transcript PPT
-
Nov 2016Transcript PPT
-
Jul 2016Transcript PPT
-
Jun 2016TranscriptAI SummaryPPT
-
Apr 2016Transcript PPT
-
Feb 2016TranscriptAI SummaryPPT
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