CEAT Ltd
CEATLTDCEAT Ltd
CEATLTD
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
GoodThe stock is underpriced and is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 20.33 | 2.84 | 1.05% |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 38.08 | 6.63 | 0.74% |
Forecast & Ratings
Detailed Forecast from 18 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
CEAT Limited is engaged in manufacturing and sale of automotive tires, tubes and flaps. The Company manufactures radials for a range of vehicles.
Investor Presentation
View olderPeers
Compare with peersBalkrishna Industries Ltd
MRF Ltd
Apollo Tyres Ltd
JK Tyre & Industries Ltd
Kesoram Industries Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 5,511.23 | 5,813.51 | 6,335.89 | 7,043.71 | 6,816.56 | 7,659.72 | 9,403.56 | 11,340.04 | 11,984.01 | 12,475.41 | ||||||||||
Raw Materials | 3,102.24 | 3,475.26 | 3,723.26 | 4,381.28 | 3,908.79 | 4,201.93 | 6,215.58 | 7,381.03 | 6,959.78 | 10,956.37 | ||||||||||
| Power & Fuel Cost | 156.01 | 178.01 | 191.00 | 220.79 | 216.58 | 255.47 | 327.67 | 375.42 | 375.57 | |||||||||||
| Employee Cost | 399.65 | 419.64 | 472.23 | 542.01 | 555.67 | 687.90 | 700.83 | 766.80 | 853.69 | |||||||||||
| Selling & Administrative Expenses | 488.15 | 510.60 | 569.93 | 1,040.85 | 980.15 | 1,004.81 | 982.85 | 1,128.55 | 1,306.61 | |||||||||||
| Operating & Other expenses | 569.18 | 531.71 | 739.91 | 197.00 | 420.65 | 507.33 | 439.60 | 722.69 | 853.77 | |||||||||||
EBITDA | 796.00 | 698.29 | 639.56 | 661.78 | 734.72 | 1,002.28 | 737.03 | 965.55 | 1,634.59 | 1,519.04 | ||||||||||
| Depreciation/Amortization | 107.72 | 143.08 | 168.61 | 192.71 | 276.51 | 339.63 | 435.20 | 469.31 | 508.83 | 532.28 | ||||||||||
| PBIT | 688.28 | 555.21 | 470.95 | 469.07 | 458.21 | 662.65 | 301.83 | 496.24 | 1,125.76 | 986.76 | ||||||||||
| Interest & Other Items | 101.40 | 89.56 | 103.63 | 92.87 | 153.92 | 178.76 | 206.95 | 242.10 | 269.06 | 255.51 | ||||||||||
| PBT | 586.88 | 465.65 | 367.32 | 376.20 | 304.29 | 483.89 | 94.88 | 254.14 | 856.70 | 731.25 | ||||||||||
| Taxes & Other Items | 149.34 | 104.50 | 129.34 | 123.98 | 73.04 | 51.85 | 23.68 | 67.97 | 214.05 | 165.17 | ||||||||||
| Net Income | 437.54 | 361.15 | 237.98 | 252.22 | 231.25 | 432.04 | 71.20 | 186.17 | 642.65 | 566.08 | ||||||||||
| EPS | 108.17 | 89.28 | 58.83 | 62.35 | 57.17 | 106.81 | 17.60 | 46.02 | 158.87 | 139.95 | ||||||||||
| DPS | 11.50 | 11.50 | 11.50 | 12.00 | 12.00 | 18.00 | 3.00 | 12.00 | 30.00 | 30.00 | ||||||||||
| Payout ratio | 0.11 | 0.13 | 0.20 | 0.19 | 0.21 | 0.17 | 0.17 | 0.26 | 0.19 | 0.21 |
Company Updates
Peers & Comparison
Consumer DiscretionaryTires & Rubber
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| CEAT Ltd | 17.90 | 2.84 | 1.05% |
| Balkrishna Industries Ltd | 36.36 | 6.04 | 0.58% |
| MRF Ltd | 25.39 | 3.16 | 0.16% |
| Apollo Tyres Ltd | 18.26 | 2.26 | 1.21% |
Price Comparison
Compare CEATLTD with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Decreased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has decreased by 2.11%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Increased Mutual Fund Holding
In last 3 months, mutual fund holding of the company has increased by 2.91%
Top 5 Mutual Funds holding CEAT Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Mirae Asset Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 3.5878% | Percentage of the fund’s portfolio invested in the stock 1.08% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 26/105 (+4) |
HDFC Mid-Cap Opportunities Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.6236% | Percentage of the fund’s portfolio invested in the stock 0.40% | Change in the portfolio weight of the stock over the last 3 months 0.34% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 63/79 (+12) |
Mirae Asset Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1947% | Percentage of the fund’s portfolio invested in the stock 1.52% | Change in the portfolio weight of the stock over the last 3 months 0.10% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 13/91 (+1) |
Compare 3-month MF holding change on Screener
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Events
Dividend Trend
No Trend In Dividends
CEATLTD has shown inconsistent dividend trend over the last 5 years
Dividend Yield
Current dividend yield is 1.05%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹10.55 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateAug 9, 2024
Dividend/Share
₹30.00
Ex DateEx Date
Aug 9, 2024
Cash Dividend
Ex DateEx DateJun 20, 2023
Dividend/Share
₹12.00
Ex DateEx Date
Jun 20, 2023
Cash Dividend
Ex DateEx DateJun 10, 2022
Dividend/Share
₹3.00
Ex DateEx Date
Jun 10, 2022
Cash Dividend
Ex DateEx DateAug 27, 2021
Dividend/Share
₹18.00
Ex DateEx Date
Aug 27, 2021
Cash Dividend
Ex DateEx DateMar 19, 2020
Dividend/Share
₹12.00
Ex DateEx Date
Mar 19, 2020
Net profit of CEAT declined 41.40% to Rs 121.88 crore in the quarter ended September 2024 as against Rs 208.00 crore during the previous quarter ended September 2023. Sales rose 8.23% to Rs 3304.53 crore in the quarter ended September 2024 as against Rs 3053.32 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales3304.533053.32 8 OPM %10.9614.94 - PBDT299.28394.87 -24 PBT162.17270.38 -40 NP121.88208.00 -41 Powered by Capital Market - Live
CEAT will hold a meeting of the Board of Directors of the Company on 17 October 2024.Powered by Capital Market - Live
Surging shipping costs give companies a sinking feeling
CEAT announced that the Annual General Meeting (AGM) of the company will be held on 29 August 2024.Powered by Capital Market - Live
Ceat Q1 Results Review - Demand Outlook Remains Healthy: Motilal Oswal
Expect double-digit growth in int’l tyre biz despite price hike: CEAT
CEAT Tyres announces two-year partnership with Bayer 04 Leverkusen
Ceat Says More Tyre Price Hikes Are Coming As Costlier Rubber Bites
Ceat Q1 results: net profit rise by 7% with ₹154 crore
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.21%, vs industry avg of 8.67%
Increasing Market Share
Over the last 5 years, market share increased from 10.72% to 11.99%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 20.57%, vs industry avg of 18.19%