About the Company - CEAT Ltd
Ceat Ltd. is a Public Limited Listed company incorporated on 10/03/1958 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L25100MH1958PLC011041 and registration number is 011041. Currently Company is involved in the business activities of Manufacture of rubber tyres and tubes for motor vehicles, motorcycles, scooters, three-wheelers, tractors and aircraft. Company’s Total Operating Revenue is Rs. 9312.63 Cr. and Equity Capital is Rs. 40.45 Cr. for the Year ended 31/03/2022.
Management |
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Name | Position Held |
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Mr. H V Goenka | Chairman |
Mr. Anant Vardhan Goenka | Vice Chairman |
Mr. Arnab Banerjee | Managing Director & CEO |
Ms. Priya Nair | Independent Director |
Mr. Pierre E Cohade | Non Independent Director |
Mr. Mahesh S Gupta | Independent Director |
Mr. Paras K Chowdhary | Non Independent Director |
Mr. Haigreve Khaitan | Independent Director |
Mr. Ranjit V Pandit | Independent Director |
Mr. Atul C Choksey | Independent Director |
Mr. Vinay Bansal | Independent Director |
Ceat Ltd. Share Price Update |
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Share Price | Value |
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Today | ₹2,256.35 |
Previous Day | ₹2,223.55 |
Basic Stock Data of CEAT Ltd
Market Cap | 9,106 Cr. |
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Current Price | 2,251 |
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High / Low | 2,642/1,357 |
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Stock P/E | 17.3 |
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Book Value | 926 |
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Dividend Yield | 0.53 % |
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ROCE | 9.38 % |
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ROE | 6.14 % |
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Face Value | 10.0 |
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CEAT Ltd Quarterly Results
Month | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 |
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Sales | 1,978 | 2,221 | 2,290 | 1,906 | 2,452 | 2,413 | 2,592 | 2,818 | 2,894 | 2,727 | 2,875 | 2,935 | 3,053 |
Expenses | 1,686 | 1,894 | 2,029 | 1,740 | 2,231 | 2,279 | 2,404 | 2,653 | 2,691 | 2,490 | 2,507 | 2,548 | 2,597 |
Operating Profit | 292 | 328 | 261 | 166 | 220 | 134 | 188 | 165 | 203 | 238 | 368 | 387 | 456 |
OPM % | 15% | 15% | 11% | 9% | 9% | 6% | 7% | 6% | 7% | 9% | 13% | 13% | 15% |
Other Income | 17 | 3 | 11 | 11 | 7 | 6 | -3 | 2 | -14 | 2 | -6 | 3 | 10 |
Interest | 45 | 42 | 40 | 46 | 50 | 55 | 57 | 52 | 58 | 66 | 67 | 70 | 72 |
Depreciation | 84 | 87 | 90 | 96 | 121 | 109 | 110 | 111 | 115 | 117 | 125 | 121 | 124 |
Profit before tax | 181 | 202 | 142 | 35 | 58 | -24 | 19 | 4 | 16 | 56 | 170 | 199 | 270 |
Tax % | -1% | 34% | -8% | 33% | 27% | 15% | 5% | 31% | 65% | 27% | 27% | 27% | 25% |
Net Profit | 182 | 132 | 153 | 23 | 42 | -20 | 25 | 9 | 6 | 35 | 132 | 144 | 208 |
EPS in Rs | 44.96 | 32.67 | 37.77 | 5.93 | 10.38 | -4.95 | 6.24 | 2.29 | 1.94 | 8.75 | 33.05 | 35.75 | 51.42 |
CEAT Ltd Profit & Loss
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
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Sales | 4,593 | 4,992 | 5,464 | 5,705 | 5,484 | 5,766 | 6,282 | 6,985 | 6,779 | 7,610 | 9,363 | 11,315 | 11,591 |
Expenses | 4,319 | 4,538 | 4,790 | 5,013 | 4,694 | 5,096 | 5,652 | 6,332 | 6,052 | 6,617 | 8,643 | 10,341 | 10,142 |
Operating Profit | 274 | 454 | 673 | 692 | 789 | 670 | 630 | 652 | 727 | 993 | 721 | 974 | 1,449 |
OPM % | 6% | 9% | 12% | 12% | 14% | 12% | 10% | 9% | 11% | 13% | 8% | 9% | 12% |
Other Income | 19 | -10 | 3 | 16 | 7 | 28 | 9 | 10 | 8 | 10 | 17 | -8 | 9 |
Interest | 196 | 196 | 187 | 142 | 101 | 90 | 104 | 93 | 154 | 179 | 207 | 242 | 274 |
Depreciation | 73 | 81 | 87 | 93 | 108 | 143 | 169 | 193 | 277 | 340 | 435 | 469 | 488 |
Profit before tax | 24 | 166 | 403 | 472 | 587 | 466 | 367 | 376 | 304 | 484 | 95 | 254 | 695 |
Tax % | 25% | 28% | 33% | 33% | 32% | 23% | 36% | 33% | 24% | 11% | 26% | 28% | |
Net Profit | 18 | 120 | 271 | 314 | 436 | 359 | 233 | 251 | 230 | 432 | 71 | 182 | 519 |
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 | 128.97 |
Dividend Payout % | 19% | 11% | 13% | 13% | 11% | 13% | 20% | 19% | 21% | 17% | 17% | 26% | |
CEAT Ltd Profit & Loss Yearly Chart
CEAT Ltd Growth
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Compounded Sales Growth |
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10 Years:: | 9% |
5 Years:: | 12% |
3 Years:: | 19% |
TTM:: | 8% |
CEAT Ltd Growth
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Compounded Profit Growth |
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10 Years:: | 4% |
5 Years:: | -4% |
3 Years:: | -6% |
TTM:: | 1193% |
CEAT Ltd Growth
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Stock Price CAGR |
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10 Years:: | 22% |
5 Years:: | 13% |
3 Years:: | 25% |
1 Year:: | 21% |
CEAT Ltd Growth
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Return on Equity |
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10 Years:: | 12% |
5 Years:: | 8% |
3 Years:: | 8% |
Last Year:: | 6% |
No data available for the Balance Sheet data table.
CEAT Ltd Reserves and Borrowings Chart
CEAT Ltd Cash Flow
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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Cash from Operating Activity | 17 | 586 | 197 | 749 | 702 | 335 | 672 | 561 | 956 | 1,358 | 619 | 1,205 |
Cash from Investing Activity | -140 | -53 | -142 | -253 | -433 | -543 | -412 | -1,060 | -1,076 | -618 | -944 | -849 |
Cash from Financing Activity | 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 |
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CEAT Ltd Financial Efficiency Indicators
Month | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
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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% | 26% | 27% | 19% | 15% | 13% | 10% | 14% | 6% | 9% |
CEAT Ltd Financial Efficiency Indicators Chart
No valid data available for the Shareholding
CEAT Ltd Shareholding Pattern Chart
No. of CEAT Ltd Shareholders
CEAT Ltd Mutual Fund Holdings
Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) |
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Mirae Asset Emerging Bluechip Fund | 1546268 | 1.13 | 328.13 |
Mirae Asset Tax Saver Fund | 1110268 | 1.31 | 235.6 |
Mirae Asset Midcap Fund | 875363 | 1.53 | 185.76 |
Mirae Asset Great Consumer Fund | 400000 | 3.21 | 84.88 |
Mirae Asset Multicap Fund | 92673 | 1.18 | 19.67 |
Axis Business Cycles Fund | 88950 | 0.74 | 18.88 |
Edelweiss Small Cap Fund | 87376 | 0.76 | 18.54 |
Axis Quant Fund | 61301 | 1.36 | 13.01 |
Nippon India Nifty Smallcap 250 Index Fund | 12019 | 0.37 | 2.55 |
Motilal Oswal Nifty Smallcap 250 Index Fund | 7554 | 0.37 | 1.6 |
CEAT Ltd Key Financial Ratios
Month | Mar 23 | Mar 22 | Mar 21 | Mar 20 | Mar 19 |
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FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Basic EPS (Rs.) | 46.03 | 17.60 | 106.81 | 57.17 | 62.35 |
Diluted EPS (Rs.) | 46.03 | 17.60 | 106.81 | 57.17 | 62.35 |
Cash EPS (Rs.) | 159.08 | 117.93 | 181.86 | 120.98 | 104.72 |
Book Value[Excl.RevalReserv]/Share (Rs.) | 854.64 | 814.92 | 825.59 | 724.74 | 689.72 |
Book Value[Incl.RevalReserv]/Share (Rs.) | 854.64 | 814.92 | 825.59 | 724.74 | 689.72 |
Revenue From Operations / Share (Rs.) | 2797.25 | 2314.81 | 1881.24 | 1675.85 | 1726.70 |
PBDIT / Share (Rs.) | 244.93 | 178.29 | 246.42 | 184.02 | 168.49 |
PBIT / Share (Rs.) | 128.91 | 70.70 | 162.46 | 115.66 | 120.85 |
PBT / Share (Rs.) | 60.80 | 16.35 | 110.65 | 70.97 | 88.01 |
Net Profit / Share (Rs.) | 43.06 | 10.34 | 97.90 | 52.62 | 57.08 |
NP After MI And SOA / Share (Rs.) | 46.02 | 17.60 | 106.81 | 57.17 | 62.35 |
PBDIT Margin (%) | 8.75 | 7.70 | 13.09 | 10.98 | 9.75 |
PBIT Margin (%) | 4.60 | 3.05 | 8.63 | 6.90 | 6.99 |
PBT Margin (%) | 2.17 | 0.70 | 5.88 | 4.23 | 5.09 |
Net Profit Margin (%) | 1.53 | 0.44 | 5.20 | 3.13 | 3.30 |
NP After MI And SOA Margin (%) | 1.64 | 0.76 | 5.67 | 3.41 | 3.61 |
Return on Networth / Equity (%) | 5.41 | 2.17 | 13.02 | 7.95 | 9.11 |
Return on Capital Employeed (%) | 9.50 | 5.20 | 12.92 | 9.26 | 11.43 |
Return On Assets (%) | 1.93 | 0.77 | 5.31 | 3.14 | 3.93 |
Long Term Debt / Equity (X) | 0.41 | 0.52 | 0.40 | 0.56 | 0.44 |
Total Debt / Equity (X) | 0.60 | 0.64 | 0.41 | 0.64 | 0.52 |
Asset Turnover Ratio (%) | 1.21 | 0.00 | 0.99 | 0.99 | 1.22 |
Current Ratio (X) | 0.64 | 0.72 | 0.73 | 0.79 | 0.93 |
Quick Ratio (X) | 0.37 | 0.36 | 0.36 | 0.39 | 0.46 |
Inventory Turnover Ratio (X) | 6.04 | 0.00 | 4.10 | 4.04 | 4.88 |
Dividend Payout Ratio (NP) (%) | 6.52 | 102.26 | 0.00 | 41.98 | 18.44 |
Dividend Payout Ratio (CP) (%) | 1.85 | 14.37 | 0.00 | 19.11 | 10.45 |
Earning Retention Ratio (%) | 93.48 | -2.26 | 0.00 | 58.02 | 81.56 |
Cash Earning Retention Ratio (%) | 98.15 | 85.63 | 0.00 | 80.89 | 89.55 |
Interest Coverage Ratio (%) | 4.09 | 3.48 | 5.68 | 4.93 | 7.74 |
Interest Coverage Ratio (Post Tax) (%) | 1.86 | 1.26 | 3.45 | 2.61 | 4.13 |
Enterprise Value (Cr.) | 7904.07 | 5853.14 | 7657.42 | 5050.49 | 5944.73 |
EV / Net Operating Revenue (X) | 0.69 | 0.62 | 1.01 | 0.74 | 0.85 |
EV / EBITDA (X) | 7.98 | 8.12 | 7.68 | 6.79 | 8.72 |
MarketCap / Net Operating Revenue (X) | 0.51 | 0.40 | 0.82 | 0.46 | 0.65 |
Retention Ratios (%) | 93.47 | -2.26 | 0.00 | 58.01 | 81.55 |
Price / BV (X) | 1.71 | 1.15 | 1.90 | 1.09 | 1.64 |
Price / Net Operating Revenue (X) | 0.51 | 0.40 | 0.82 | 0.46 | 0.65 |
EarningsYield | 0.03 | 0.01 | 0.06 | 0.07 | 0.05 |
CEAT Ltd Profitability Ratios (%)
CEAT Ltd Liquidity Ratios
CEAT Ltd Liquidity Ratios (%)
CEAT Ltd Interest Coverage Ratios (%)
CEAT Ltd Valuation Ratios
Fair Value of CEAT Ltd Stock
Fair Value: ₹988.83
The stock is overvalued by 56.07% compared to the current price ₹2251
*Investments are subject to market risks
Strength and Weakness of CEAT Ltd Stock
Unable to fetch valid data for stock valuation.