Ceat Ltd.

•

ceat.comBSE: 500878NSE: CEATLTD

Market Cap₹ 13,269 Cr.

Current Price

High / Low₹ 4,438 / 3,061

Stock P/E17.1

Book Value₹ 1,276

Price to Book2.59

Dividend Yield1.07 %

ROCE20.3 %

ROE17.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Automotive Tyres: 93.3% • Tubes and others: 5.2% • Other Operating Revenue: 1.5%

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

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 2.38x)
Operating margins have improved to 13.4% from 9.0%
Company has a consistent dividend-paying track record
Company generates healthy free cash flow
Attractively priced for its growth - PEG of 0.3

CONS

Total debt has risen sharply - up 55.2% 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

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,921	3,043	2,949	2,979	3,168	3,298	3,292	3,414	3,521	3,701	3,957	4,036	4,163
	2,535	2,586	2,532	2,584	2,787	2,932	2,948	3,019	3,130	3,194	3,400	3,449	4,046
Operating Profit	386	457	417	395	382	366	344	395	391	507	557	587	117
OPM %	13.23%	15.03%	14.14%	13.25%	12.04%	11.11%	10.44%	11.56%	11.11%	13.69%	14.08%	14.55%	2.81%
	16	4	3	-40	14	20	3	-33	23	16	-31	53	29
Interest	69	71	65	61	61	66	75	74	82	87	105	86	95
Depreciation	121	124	127	136	132	137	141	152	151	167	165	171	168
Profit before Tax	212	266	228	159	202	183	130	135	181	270	256	383	132
Tax %	24.88%	25.03%	22.65%	25.11%	26.15%	25.26%	26.40%	25.81%	25.02%	25.06%	25.14%	25.96%	25.76%
Net Profit	159	199	177	119	149	137	96	100	135	202	192	284	98
	39.42	49.23	43.67	29.43	36.89	33.75	23.73	24.82	33.46	50.00	47.47	70.29	24.41

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,702	6,213	6,831	6,748	7,573	9,313	11,263	11,893	13,172	15,215	15,857
	5,035	5,595	6,192	6,030	6,620	8,615	10,288	10,238	11,689	13,173	14,089
Operating Profit	667	618	639	718	953	697	975	1,655	1,483	2,042	1,768
OPM %	11.70%	9.94%	9.36%	10.64%	12.58%	7.49%	8.66%	13.92%	11.26%	13.42%	11.15%
	28	45	12	4	22	19	7	-16	7	61	67
Interest	87	92	68	152	176	204	239	266	277	359	372
Depreciation	142	162	174	277	340	435	469	508	562	654	671
Profit before Tax	467	410	410	292	459	77	274	865	650	1,089	1,041
Tax %	22.27%	31.96%	29.49%	23.18%	9.86%	29.66%	24.78%	24.38%	25.88%	25.39%	25.50%
Net Profit	363	279	289	225	414	54	206	654	482	813	775
EPS	89.67	68.90	71.42	55.53	102.26	13.43	50.99	161.76	119.18	200.92	—
Dividend Payout %	12.82%	16.69%	16.80%	21.61%	17.60%	22.34%	23.53%	18.55%	25.17%	17.42%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 15%
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: 6%
5 Years:: 14%
3 Years:: 58%

STOCK PRICE CAGR

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

RETURN ON EQUITY

10 Years:: 12%
5 Years:: 11%
3 Years:: 16%
Last Year:: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	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
	2,266	2,506	2,711	2,720	3,124	3,110	3,305	3,911	4,245	5,022
	799	641	1,263	2,067	1,472	2,188	2,210	1,382	1,799	2,848
Trade Payables	750	846	1,034	1,191	1,836	2,155	2,271	2,333	2,739	3,346
	689	735	1,014	1,114	1,449	1,474	1,644	2,163	2,273	2,447
Total Liabilities	4,543	4,769	6,062	7,133	7,921	8,968	9,470	9,829	11,096	13,703
	2,409	2,465	2,846	4,160	4,763	5,329	6,096	6,246	6,960	7,507
Capital Work in Progress	49	152	719	984	703	762	509	659	507	589
	259	320	313	111	118	126	130	156	165	493
	923	755	965	911	1,112	1,287	1,124	1,134	1,409	1,660
	0	0	0	0	0	0	0	1,276	1,652	1,760
Cash & Bank	17	73	60	29	26	17	53	35	43	34
	886	1,004	1,159	938	1,199	1,448	1,557	323	360	1,661
Total Assets	4,543	4,769	6,062	7,133	7,921	8,968	9,470	9,829	11,096	13,703

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	443	840	611	983	1,397	647	1,171	1,724	1,083	1,840
Cash from Investing	-419	-420	-1,052	-1,128	-626	-950	-860	-874	-935	-2,318
Cash from Financing	78	-269	504	126	-728	311	-318	-868	-140	470
	3	55	-15	-34	-3	-7	37	-18	7	-9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	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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AI Stock Analyst

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

2,921

3,043

2,949

2,979

3,168

3,298

3,292

3,414

3,521

3,701

3,957

4,036

4,163

2,535

2,586

2,532

2,584

2,787

2,932

2,948

3,019

3,130

3,194

3,400

3,449

4,046

Operating Profit

386

457

417

395

382

366

344

395

391

507

557

587

117

OPM %

13.23%

15.03%

14.14%

13.25%

12.04%

11.11%

10.44%

11.56%

11.11%

13.69%

14.08%

14.55%

2.81%

-40

-33

-31

Interest

105

Depreciation

121

124

127

136

132

137

141

152

151

167

165

171

168

Profit before Tax

212

266

228

159

202

183

130

135

181

270

256

383

132

Tax %

24.88%

25.03%

22.65%

25.11%

26.15%

25.26%

26.40%

25.81%

25.02%

25.06%

25.14%

25.96%

25.76%

Net Profit

159

199

177

119

149

137

100

135

202

192

284

39.42

49.23

43.67

29.43

36.89

33.75

23.73

24.82

33.46

50.00

47.47

70.29

24.41

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

5,702

6,213

6,831

6,748

7,573

9,313

11,263

11,893

13,172

15,215

15,857

5,035

5,595

6,192

6,030

6,620

8,615

10,288

10,238

11,689

13,173

14,089

Operating Profit

667

618

639

718

953

697

975

1,655

1,483

2,042

1,768

OPM %

11.70%

9.94%

9.36%

10.64%

12.58%

7.49%

8.66%

13.92%

11.26%

13.42%

11.15%

-16

Interest

152

176

204

239

266

277

359

372

Depreciation

142

162

174

277

340

435

469

508

562

654

671

Profit before Tax

467

410

292

459

274

865

650

1,089

1,041

Tax %

22.27%

31.96%

29.49%

23.18%

9.86%

29.66%

24.78%

24.38%

25.88%

25.39%

25.50%

Net Profit

363

279

289

225

414

206

654

482

813

775

EPS

89.67

68.90

71.42

55.53

102.26

13.43

50.99

161.76

119.18

200.92

—

Dividend Payout %

12.82%

16.69%

16.80%

21.61%

17.60%

22.34%

23.53%

18.55%

25.17%

17.42%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

2,266

2,506

2,711

2,720

3,124

3,110

3,305

3,911

4,245

5,022

799

641

1,263

2,067

1,472

2,188

2,210

1,382

1,799

2,848

Trade Payables

750

846

1,034

1,191

1,836

2,155

2,271

2,333

2,739

3,346

689

735

1,014

1,114

1,449

1,474

1,644

2,163

2,273

2,447

Total Liabilities

4,543

4,769

6,062

7,133

7,921

8,968

9,470

9,829

11,096

13,703

2,409

2,465

2,846

4,160

4,763

5,329

6,096

6,246

6,960

7,507

Capital Work in Progress

152

719

984

703

762

509

659

507

589

259

320

313

111

118

126

130

156

165

493

923

755

965

911

1,112

1,287

1,124

1,134

1,409

1,660

1,276

1,652

1,760

Cash & Bank

886

1,004

1,159

938

1,199

1,448

1,557

323

360

1,661

Total Assets

4,543

4,769

6,062

7,133

7,921

8,968

9,470

9,829

11,096

13,703

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

443

840

611

983

1,397

647

1,171

1,724

1,083

1,840

Cash from Investing

-419

-420

-1,052

-1,128

-626

-950

-860

-874

-935

-2,318

Cash from Financing

-269

504

126

-728

311

-318

-868

-140

470

-15

-34

-3

-7

-18

-9

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