Ceat Ltd.

•

ceat.comBSE: 500878NSE: CEATLTD

Market Cap₹ 13,269 Cr.

Current Price

High / Low₹ 4,438 / 3,061

Stock P/E22.5

Book Value₹ 1,246

Price to Book2.60

Dividend Yield1.07 %

ROCE18.6 %

ROE14.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Automotive Tyres: 93.5% • Tubes & Others: 5.1% • Other Operating Revenue: 1.4%

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.55x)
Operating margins have improved to 13.1% from 8.8%
Company has delivered good sales growth of 15.6% CAGR over last 5 years
Company has a consistent dividend-paying track record
Company generates healthy free cash flow

CONS

Total debt has risen sharply - up 56.1% year on year
Recurring exceptional / one-off items are inflating headline profit

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesTyres & Allied

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	MRF	128442.20	22.56	54474.17	0.18	495.35	-1.02	8415.50	9.64	16.04	11.77
2.	BALKRISIND	2165.45	29.78	41861.87	0.74	450.77	56.35	3455.27	25.19	12.38	21.54
3.	APOLLOTYRE	417.55	15.52	26518.64	1.44	348.87	2609.05	7397.79	12.76	9.22	11.73
4.	CEATLTD	3280.45	22.51	13269.45	1.07	4.00	-96.44	4318.00	22.34	18.60	8.57
5.	JKTYRE	354.25	15.68	10212.66	1.13	44.09	-73.01	3946.24	2.00	14.30	6.58
6.	TVSSRICHAK	5144.15	42.64	3938.90	0.73	34.02	165.16	1067.61	30.29	4.80	7.57
7.	GOODYEAR	725.45	31.05	1673.36	3.65	6.51	-53.86	774.35	18.00	14.67	1.30
8.	TOLINS	89.49	10.86	353.56	0.00	6.19	-33.46	79.27	-11.67	21.30	11.24

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,935	3,053	2,963	2,992	3,193	3,305	3,300	3,421	3,529	3,773	4,157	4,219	4,318
	2,548	2,597	2,546	2,600	2,810	2,942	2,959	3,033	3,142	3,269	3,594	3,626	4,285
Operating Profit	387	456	418	392	383	362	341	388	388	503	563	593	33
OPM %	13.19%	14.94%	14.09%	13.09%	11.99%	10.96%	10.33%	11.35%	10.99%	13.34%	13.55%	14.05%	0.76%
	3	10	3	-55	14	3	3	-33	1	4	-52	16	13
Interest	70	72	66	62	62	66	75	74	82	87	105	85	146
Depreciation	121	124	127	136	132	137	141	152	151	174	188	184	186
Profit before Tax	199	270	228	139	203	162	128	129	156	246	218	340	37
Tax %	26.53%	25.26%	23.92%	33.04%	26.61%	28.56%	28.29%	27.63%	26.91%	27.57%	30.97%	29.84%	89.19%
Net Profit	0	0	0	0	154	121	97	99	112	186	155	244	4
	35.75	51.42	44.87	26.84	38.11	30.13	24.01	24.60	27.80	45.98	38.59	60.45	1.07

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,767	6,283	6,985	6,779	7,610	9,363	11,315	11,943	13,218	15,678	16,467
	5,102	5,677	6,338	6,054	6,648	8,657	10,343	10,292	11,747	13,631	14,774
Operating Profit	664	606	646	725	962	706	972	1,652	1,471	2,047	1,692
OPM %	11.52%	9.65%	9.25%	10.69%	12.64%	7.54%	8.59%	13.83%	11.13%	13.06%	10.28%
	6	10	-4	-7	4	2	-15	-38	-9	-31	-19
Interest	90	104	93	154	179	207	242	269	278	359	423
Depreciation	143	169	193	277	340	435	469	509	563	697	732
Profit before Tax	466	367	376	304	484	95	254	857	643	976	842
Tax %	22.85%	36.49%	33.26%	24.39%	10.66%	25.61%	28.23%	25.85%	26.74%	28.57%	32.08%
Net Profit	359	233	251	230	432	71	182	635	471	697	572
EPS	89.28	58.83	62.35	57.17	106.81	17.60	46.03	158.88	116.85	172.56	—
Dividend Payout %	12.88%	19.55%	19.25%	20.99%	16.85%	17.04%	26.07%	18.88%	25.67%	20.28%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 16%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 5%
5 Years:: 10%
3 Years:: 55%

STOCK PRICE CAGR

10 Years:: 13%
5 Years:: 20%
3 Years:: 15%
1 Year:: -1%

RETURN ON EQUITY

10 Years:: 11%
5 Years:: 10%
3 Years:: 14%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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
Minority Interest	29	23	24	24	23	24	17	10	8	8
	2,374	2,566	2,726	2,867	3,276	3,232	3,399	4,002	4,328	5,001
	952	872	1,501	2,088	1,492	2,214	2,237	1,418	1,799	2,868
Trade Payables	758	871	1,053	1,195	1,839	2,158	2,268	2,332	2,740	3,448
	763	774	1,061	1,138	1,460	1,498	1,665	2,192	2,299	2,547
Total Liabilities	4,917	5,146	6,404	7,352	8,131	9,166	9,628	9,995	11,214	13,913
	2,453	2,709	3,180	4,160	4,763	5,329	6,096	6,271	6,984	8,439
Capital Work in Progress	319	309	802	1,051	768	829	569	659	507	598
	232	214	181	184	210	179	170	182	190	222
	943	785	1,006	926	1,130	1,310	1,138	1,150	1,412	1,783
	0	0	0	0	0	0	0	1,283	1,653	1,839
Cash & Bank	36	86	74	34	43	36	72	59	53	43
	934	1,043	1,163	998	1,216	1,483	1,584	390	415	988
Total Assets	4,917	5,146	6,404	7,352	8,131	9,166	9,628	9,995	11,214	13,913

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	436	770	642	974	1,409	639	1,168	1,719	1,092	1,786
Cash from Investing	-543	-412	-1,060	-1,076	-618	-944	-849	-854	-922	-2,271
Cash from Financing	219	-202	484	79	-731	313	-320	-871	-177	477
	10	58	-15	-40	9	-12	37	-5	-7	-8

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	47.21	47.21	47.21	47.21	47.21	47.21	47.21	47.29	47.29
	18.75	16.64	15.82	15.27	17.38	16.20	16.91	16.54	13.81
	17.09	19.75	20.54	21.52	20.07	21.05	20.48	20.90	22.19
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	16.93	16.40	16.42	16.00	15.33	15.54	15.39	15.27	16.69

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-10

Loss of Share Certificates

2026-09-10 - CEAT Limited has informed the Exchange about Loss of Share Certificate(s).

2026-09-10

Updates

2026-09-10 - CEAT Limited has informed the Exchange regarding 'General Updates'.

2026-09-04

Updates

2026-09-04 - CEAT Limited has informed the Exchange regarding 'General Update'.

2026-09-04

Copy of Newspaper Publication

2026-09-04 - CEAT Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-02

Issue of Duplicate Share Certificate

2026-09-02 - CEAT Limited has informed the Exchange about Issue of Duplicate Share Certificates

2026-09-02

Action(s) taken or orders passed

2026-09-02 - CEAT Limited has informed the Exchange about Action(s) taken or orders passed

2026-09-02

Action(s) taken or orders passed

2026-09-02 - CEAT Limited has informed the Exchange about Action(s) taken or orders passed

2026-09-01

General Updates

2026-09-01 - CEAT Limited has informed the Exchange about General Updates

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - CEAT Limited has informed the Exchange about Schedule of meet

News

Recent coverage and analyst commentary for CEATLTD

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Ceat Ltd.

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Free 5nance Account

Name

MRF

128442.20

22.56

54474.17

0.18

495.35

-1.02

8415.50

9.64

16.04

11.77

BALKRISIND

2165.45

29.78

41861.87

0.74

450.77

56.35

3455.27

25.19

12.38

21.54

APOLLOTYRE

417.55

15.52

26518.64

1.44

348.87

2609.05

7397.79

12.76

9.22

11.73

CEATLTD

3280.45

22.51

13269.45

1.07

4.00

-96.44

4318.00

22.34

18.60

8.57

JKTYRE

354.25

15.68

10212.66

1.13

44.09

-73.01

3946.24

2.00

14.30

6.58

TVSSRICHAK

5144.15

42.64

3938.90

0.73

34.02

165.16

1067.61

30.29

4.80

7.57

GOODYEAR

725.45

31.05

1673.36

3.65

6.51

-53.86

774.35

18.00

14.67

1.30

TOLINS

89.49

10.86

353.56

0.00

6.19

-33.46

79.27

-11.67

21.30

11.24

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,935

3,053

2,963

2,992

3,193

3,305

3,300

3,421

3,529

3,773

4,157

4,219

4,318

2,548

2,597

2,546

2,600

2,810

2,942

2,959

3,033

3,142

3,269

3,594

3,626

4,285

Operating Profit

387

456

418

392

383

362

341

388

503

563

593

OPM %

13.19%

14.94%

14.09%

13.09%

11.99%

10.96%

10.33%

11.35%

10.99%

13.34%

13.55%

14.05%

0.76%

-55

-33

-52

Interest

105

146

Depreciation

121

124

127

136

132

137

141

152

151

174

188

184

186

Profit before Tax

199

270

228

139

203

162

128

129

156

246

218

340

Tax %

26.53%

25.26%

23.92%

33.04%

26.61%

28.56%

28.29%

27.63%

26.91%

27.57%

30.97%

29.84%

89.19%

Net Profit

154

121

112

186

155

244

35.75

51.42

44.87

26.84

38.11

30.13

24.01

24.60

27.80

45.98

38.59

60.45

1.07

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

5,767

6,283

6,985

6,779

7,610

9,363

11,315

11,943

13,218

15,678

16,467

5,102

5,677

6,338

6,054

6,648

8,657

10,343

10,292

11,747

13,631

14,774

Operating Profit

664

606

646

725

962

706

972

1,652

1,471

2,047

1,692

OPM %

11.52%

9.65%

9.25%

10.69%

12.64%

7.54%

8.59%

13.83%

11.13%

13.06%

10.28%

-4

-7

-15

-38

-9

-31

-19

Interest

104

154

179

207

242

269

278

359

423

Depreciation

143

169

193

277

340

435

469

509

563

697

732

Profit before Tax

466

367

376

304

484

254

857

643

976

842

Tax %

22.85%

36.49%

33.26%

24.39%

10.66%

25.61%

28.23%

25.85%

26.74%

28.57%

32.08%

Net Profit

359

233

251

230

432

182

635

471

697

572

EPS

89.28

58.83

62.35

57.17

106.81

17.60

46.03

158.88

116.85

172.56

—

Dividend Payout %

12.88%

19.55%

19.25%

20.99%

16.85%

17.04%

26.07%

18.88%

25.67%

20.28%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

Minority Interest

2,374

2,566

2,726

2,867

3,276

3,232

3,399

4,002

4,328

5,001

952

872

1,501

2,088

1,492

2,214

2,237

1,418

1,799

2,868

Trade Payables

758

871

1,053

1,195

1,839

2,158

2,268

2,332

2,740

3,448

763

774

1,061

1,138

1,460

1,498

1,665

2,192

2,299

2,547

Total Liabilities

4,917

5,146

6,404

7,352

8,131

9,166

9,628

9,995

11,214

13,913

2,453

2,709

3,180

4,160

4,763

5,329

6,096

6,271

6,984

8,439

Capital Work in Progress

319

309

802

1,051

768

829

569

659

507

598

232

214

181

184

210

179

170

182

190

222

943

785

1,006

926

1,130

1,310

1,138

1,150

1,412

1,783

1,283

1,653

1,839

Cash & Bank

934

1,043

1,163

998

1,216

1,483

1,584

390

415

988

Total Assets

4,917

5,146

6,404

7,352

8,131

9,166

9,628

9,995

11,214

13,913

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

436

770

642

974

1,409

639

1,168

1,719

1,092

1,786

Cash from Investing

-543

-412

-1,060

-1,076

-618

-944

-849

-854

-922

-2,271

Cash from Financing

219

-202

484

-731

313

-320

-871

-177

477

-15

-40

-12

-5

-7

-8

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

47.21

47.29

18.75

16.64

15.82

15.27

17.38

16.20

16.91

16.54

13.81

17.09

19.75

20.54

21.52

20.07

21.05

20.48

20.90

22.19

Government

0.00

16.93

16.40

16.42

16.00

15.33

15.54

15.39

15.27

16.69

Ceat Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Ceat Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI