CEAT Ltd

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

CEAT Ltd

₹ 1,929 0.04%
02 Jun - close price
ceat.com BSE: 500878 NSE : CEATLTD
About

CEAT, established in 1958, is one of the largest tyre manufacturers and is one of the fastest growing tyre companies in India. For the year 2020, CEAT ranked 35th amongst India’s 100 best companies to work for by the Great Place to Work Institute and was recognised as one of the best companies amongst the auto and auto component industry category.

Key Points

Diversified Revenue Profile
Presently, trucks & buses category contributes majority of revenues at 33%, followed by 2/3 wheelers (30%), Passenger cars (13%), Farm (9%), LCV (8%) & specialty category contributes the rest 7% of revenues. [1]

Website BSE NSE
  • Market Cap ₹ 7,802 Cr.
  • Current Price ₹ 1,929
  • High / Low ₹ 2,185 / 890
  • Stock P/E 37.9
  • Book Value ₹ 850
  • Dividend Yield 0.16 %
  • ROCE 9.28 %
  • ROE 6.14 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 20.0%

Cons

  • Company has a low return on equity of 7.78% 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

Sector: Tyres Industry: Tyres

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,573 1,120 1,978 2,221 2,290 1,906 2,452 2,413 2,592 2,818 2,894 2,727 2,875
1,373 1,018 1,686 1,894 2,029 1,740 2,231 2,279 2,404 2,653 2,691 2,490 2,507
Operating Profit 200 102 292 328 261 166 220 134 188 165 203 238 368
OPM % 13% 9% 15% 15% 11% 9% 9% 6% 7% 6% 7% 9% 13%
-22 -15 17 3 11 11 7 6 -3 8 -13 2 -6
Interest 41 49 45 42 40 46 50 55 57 52 58 66 67
Depreciation 74 79 84 87 90 96 121 109 110 111 115 117 125
Profit before tax 63 -41 181 202 142 35 58 -24 19 10 17 56 170
Tax % 18% 14% -1% 34% -8% 33% 27% 15% 5% 12% 62% 27% 27%
Net Profit 52 -35 182 132 153 23 42 -20 25 9 6 35 132
EPS in Rs 12.83 -8.59 44.96 32.67 37.77 5.93 10.38 -4.95 6.24 2.29 1.94 8.75 33.05
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4,593 4,992 5,464 5,705 5,484 5,766 6,282 6,985 6,779 7,610 9,363 11,315
4,319 4,538 4,790 5,013 4,694 5,096 5,652 6,332 6,052 6,617 8,640 10,341
Operating Profit 274 454 673 692 789 670 630 652 727 993 724 974
OPM % 6% 9% 12% 12% 14% 12% 10% 9% 11% 13% 8% 9%
19 -10 3 16 7 28 9 10 8 10 17 -16
Interest 196 196 187 142 101 90 104 93 154 179 210 242
Depreciation 73 81 87 93 108 143 169 193 277 340 435 469
Profit before tax 24 166 403 472 587 466 367 376 304 484 95 246
Tax % 25% 28% 33% 33% 32% 23% 36% 33% 24% 11% 26% 29%
Net Profit 18 120 271 314 436 359 233 251 230 432 71 182
EPS in Rs 5.31 35.10 75.44 78.41 108.17 89.28 58.83 62.35 57.17 106.81 17.60 46.02
Dividend Payout % 19% 11% 13% 13% 11% 13% 20% 19% 21% 17% 17% 26%
Compounded Sales Growth
10 Years: 9%
5 Years: 12%
3 Years: 19%
TTM: 21%
Compounded Profit Growth
10 Years: 4%
5 Years: -4%
3 Years: -6%
TTM: 142%
Stock Price CAGR
10 Years: 33%
5 Years: 8%
3 Years: 28%
1 Year: 90%
Return on Equity
10 Years: 12%
5 Years: 8%
3 Years: 8%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
34 34 36 40 40 40 40 40 40 40 40 40
Reserves 640 748 993 1,642 2,014 2,374 2,566 2,726 2,867 3,276 3,232 3,399
1,311 1,038 1,174 775 663 924 872 1,498 2,035 1,533 2,229 2,295
1,111 1,334 1,338 1,365 1,390 1,578 1,669 2,140 2,423 3,284 3,658 3,893
Total Liabilities 3,096 3,153 3,540 3,822 4,108 4,917 5,146 6,404 7,366 8,133 9,160 9,628
1,587 1,573 1,565 1,581 2,032 2,453 2,709 3,180 4,160 4,763 5,329 6,124
CWIP 18 27 82 229 299 326 310 833 1,069 793 876 569
Investments 31 1 0 312 195 232 214 181 184 210 179 170
1,461 1,552 1,893 1,700 1,581 1,907 1,914 2,210 1,954 2,367 2,775 2,766
Total Assets 3,096 3,153 3,540 3,822 4,108 4,917 5,146 6,404 7,366 8,133 9,160 9,628

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
17 586 197 749 702 335 672 561 956 1,358 619 1,205
-140 -53 -142 -253 -433 -543 -412 -1,060 -1,076 -618 -944 -849
108 -466 -40 -194 -326 219 -202 484 79 -731 313 -320
Net Cash Flow -15 67 15 301 -57 10 58 -15 -40 9 -12 37

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 51 48 50 45 40 39 43 37 36 44 45 42
Inventory Days 64 59 77 70 76 101 75 88 88 97 79 56
Days Payable 69 83 71 68 75 81 83 92 111 157 131 112
Cash Conversion Cycle 45 25 57 47 40 59 35 33 12 -16 -6 -14
Working Capital Days 8 8 21 10 13 25 3 1 -12 -35 -25 -26
ROCE % 12% 21% 30% 27% 27% 19% 15% 13% 11% 14% 6% 9%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
46.69 46.82 46.82 46.82 46.82 46.82 47.11 47.11 47.21 47.21 47.21 47.21
27.64 23.69 24.50 26.97 24.01 23.42 22.71 22.66 22.45 23.78 24.09 23.30
9.60 16.17 14.79 13.65 13.66 13.24 12.72 11.68 11.15 11.72 12.92 13.60
16.07 13.31 13.88 12.56 15.51 16.52 17.46 18.55 19.20 17.29 15.79 15.90

* 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.

Click on the line-items to see the names of individual entities.

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