Ceat Ltd.
•₹ 3,563.4-0.69%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Automotive Tyres: 93.5% • Tubes & Others: 5.1% • Other Operating Revenue: 1.4%
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | MRF | 133561.80 | 23.45 | 56645.47 | 0.18 | 495.35 | -1.02 | 8415.50 | 9.64 | 16.04 | 11.77 |
| 2. | BALKRISIND | 2367.05 | 32.56 | 45759.15 | 0.68 | 450.77 | 56.35 | 3455.27 | 25.19 | 12.38 | 21.54 |
| 3. | APOLLOTYRE | 427.05 | 15.88 | 27121.99 | 1.41 | 348.87 | 2609.05 | 7397.79 | 12.76 | 9.22 | 11.73 |
| 4. | CEATLTD | 3537.35 | 24.27 | 14308.61 | 0.99 | 4.00 | -96.44 | 4318.00 | 22.34 | 18.60 | 8.57 |
| 5. | JKTYRE | 375.00 | 16.60 | 10810.86 | 1.07 | 44.09 | -73.01 | 3946.24 | 2.00 | 14.30 | 6.58 |
| 6. | TVSSRICHAK | 4823.30 | 39.98 | 3693.22 | 0.78 | 34.02 | 165.16 | 1067.61 | 30.29 | 4.80 | 7.57 |
| 7. | GOODYEAR | 760.35 | 0.00 | 1753.86 | 3.49 | 6.51 | -53.86 | 774.35 | 18.00 | 14.67 | 1.30 |
| 8. | TOLINS | 95.95 | 11.64 | 379.09 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 10 | 3 | 3 | 6 | 3 | 3 | 5 | 5 | 4 | 6 | 26 | 6 |
| 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 |
| 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 |
| 36 | 51 | 45 | 27 | 38 | 30 | 24 | 25 | 28 | 46 | 39 | 60 | 0 | |
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 2,935
- 2,548
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 70
- Depreciation
- 121
- 199
- Tax %
- 26.53%
- Net Profit
- 0
- 36
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 3,053
- 2,597
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 72
- Depreciation
- 124
- 270
- Tax %
- 25.26%
- Net Profit
- 0
- 51
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 2,963
- 2,546
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 66
- Depreciation
- 127
- 228
- Tax %
- 23.92%
- Net Profit
- 0
- 45
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 2,992
- 2,600
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 62
- Depreciation
- 136
- 139
- Tax %
- 33.04%
- Net Profit
- 0
- 27
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 3,193
- 2,810
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 62
- Depreciation
- 132
- 203
- Tax %
- 26.61%
- Net Profit
- 154
- 38
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 3,305
- 2,942
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 66
- Depreciation
- 137
- 162
- Tax %
- 28.56%
- Net Profit
- 121
- 30
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 3,300
- 2,959
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 75
- Depreciation
- 141
- 128
- Tax %
- 28.29%
- Net Profit
- 97
- 24
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 3,421
- 3,033
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 74
- Depreciation
- 152
- 129
- Tax %
- 27.63%
- Net Profit
- 99
- 25
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 3,529
- 3,142
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 82
- Depreciation
- 151
- 156
- Tax %
- 26.91%
- Net Profit
- 112
- 28
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 3,773
- 3,269
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 87
- Depreciation
- 174
- 246
- Tax %
- 27.57%
- Net Profit
- 186
- 46
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 4,157
- 3,594
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 105
- Depreciation
- 188
- 218
- Tax %
- 30.97%
- Net Profit
- 155
- 39
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 4,219
- 3,626
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 85
- Depreciation
- 184
- 340
- Tax %
- 29.84%
- Net Profit
- 244
- 60
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 4,318
- 4,285
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 146
- Depreciation
- 186
- 37
- Tax %
- 89.19%
- Net Profit
- 4
- 0
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 683 | 651 | 686 | 747 | 1,000 | 721 | 991 | 1,672 | 1,492 | 2,088 | — |
| OPM % | 12 | 10 | 10 | 11 | 13 | 8 | 9 | 14 | 11 | 13 | — |
| Other Income | 19 | 44 | 40 | 23 | 38 | 15 | 19 | 20 | 21 | 40 | 42 |
| Interest | 90 | 104 | 93 | 154 | 179 | 207 | 242 | 269 | 278 | 359 | 423 |
| Depreciation | 143 | 169 | 193 | 277 | 340 | 435 | 469 | 509 | 563 | 697 | 732 |
| 466 | 367 | 376 | 304 | 484 | 95 | 254 | 857 | 643 | 976 | 842 | |
| Tax % | 23 | 36 | 33 | 24 | 11 | 26 | 28 | 26 | 27 | 29 | 32 |
| Net Profit | 359 | 233 | 251 | 230 | 432 | 71 | 182 | 635 | 471 | 697 | 572 |
| EPS | 89 | 59 | 62 | 57 | 107 | 18 | 46 | 159 | 117 | 173 | — |
| Dividend Payout % | 13 | 20 | 19 | 21 | 17 | 17 | 26 | 19 | 26 | 20 | — |
| Minority Interest | 2 | 5 | 1 | 1 | -0 | 1 | 4 | 7 | 1 | 1 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 |
| Adjusted EPS | 89 | 59 | 62 | 57 | 107 | 18 | 46 | 159 | 117 | 173 | — |
| Minority Interest | 2 | 5 | 1 | 1 | -0 | 1 | 4 | 7 | 1 | 1 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22 |
| Adjusted EPS | 89 | 59 | 62 | 57 | 107 | 18 | 46 | 159 | 117 | 173 | — |
Mar 2017
- 5,767
- 5,102
- Operating Profit
- 683
- OPM %
- 12
- Other Income
- 19
- Interest
- 90
- Depreciation
- 143
- 466
- Tax %
- 23
- Net Profit
- 359
- EPS
- 89
- Dividend Payout %
- 13
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 89
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 89
Mar 2018
- 6,283
- 5,677
- Operating Profit
- 651
- OPM %
- 10
- Other Income
- 44
- Interest
- 104
- Depreciation
- 169
- 367
- Tax %
- 36
- Net Profit
- 233
- EPS
- 59
- Dividend Payout %
- 20
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 59
- Minority Interest
- 5
- Share of Associates
- 0
- Adjusted EPS
- 59
Mar 2019
- 6,985
- 6,338
- Operating Profit
- 686
- OPM %
- 10
- Other Income
- 40
- Interest
- 93
- Depreciation
- 193
- 376
- Tax %
- 33
- Net Profit
- 251
- EPS
- 62
- Dividend Payout %
- 19
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 62
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 62
Mar 2020
- 6,779
- 6,054
- Operating Profit
- 747
- OPM %
- 11
- Other Income
- 23
- Interest
- 154
- Depreciation
- 277
- 304
- Tax %
- 24
- Net Profit
- 230
- EPS
- 57
- Dividend Payout %
- 21
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 57
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 57
Mar 2021
- 7,610
- 6,648
- Operating Profit
- 1,000
- OPM %
- 13
- Other Income
- 38
- Interest
- 179
- Depreciation
- 340
- 484
- Tax %
- 11
- Net Profit
- 432
- EPS
- 107
- Dividend Payout %
- 17
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 107
- Minority Interest
- -0
- Share of Associates
- 0
- Adjusted EPS
- 107
Mar 2022
- 9,363
- 8,657
- Operating Profit
- 721
- OPM %
- 8
- Other Income
- 15
- Interest
- 207
- Depreciation
- 435
- 95
- Tax %
- 26
- Net Profit
- 71
- EPS
- 18
- Dividend Payout %
- 17
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 18
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 18
Mar 2023
- 11,315
- 10,343
- Operating Profit
- 991
- OPM %
- 9
- Other Income
- 19
- Interest
- 242
- Depreciation
- 469
- 254
- Tax %
- 28
- Net Profit
- 182
- EPS
- 46
- Dividend Payout %
- 26
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- 46
- Minority Interest
- 4
- Share of Associates
- 0
- Adjusted EPS
- 46
Mar 2024
- 11,943
- 10,292
- Operating Profit
- 1,672
- OPM %
- 14
- Other Income
- 20
- Interest
- 269
- Depreciation
- 509
- 857
- Tax %
- 26
- Net Profit
- 635
- EPS
- 159
- Dividend Payout %
- 19
- Minority Interest
- 7
- Share of Associates
- 0
- Adjusted EPS
- 159
- Minority Interest
- 7
- Share of Associates
- 0
- Adjusted EPS
- 159
Mar 2025
- 13,218
- 11,747
- Operating Profit
- 1,492
- OPM %
- 11
- Other Income
- 21
- Interest
- 278
- Depreciation
- 563
- 643
- Tax %
- 27
- Net Profit
- 471
- EPS
- 117
- Dividend Payout %
- 26
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 117
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 117
Mar 2026
- 15,678
- 13,631
- Operating Profit
- 2,088
- OPM %
- 13
- Other Income
- 40
- Interest
- 359
- Depreciation
- 697
- 976
- Tax %
- 29
- Net Profit
- 697
- EPS
- 173
- Dividend Payout %
- 20
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 173
- Minority Interest
- 1
- Share of Associates
- 0
- Adjusted EPS
- 173
TTM
- 16,467
- 14,774
- Operating Profit
- —
- OPM %
- —
- Other Income
- 42
- Interest
- 423
- Depreciation
- 732
- 842
- Tax %
- 32
- Net Profit
- 572
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 22
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 22
- Adjusted EPS
- —
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:
- 16%
- 5 Years:
- 23%
- 3 Years:
- 16%
- 1 Year:
- 12%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| 2,374 | 2,566 | 2,726 | 2,867 | 3,276 | 3,232 | 3,399 | 4,002 | 4,328 | 5,001 | |
| 68 | 418 | 273 | 283 | 72 | 373 | 647 | 338 | 721 | 1,187 | |
| Trade Payables | 758 | 871 | 1,053 | 1,195 | 1,839 | 2,158 | 2,268 | 2,332 | 2,740 | 3,448 |
| 1,676 | 1,252 | 2,312 | 2,967 | 2,904 | 3,363 | 3,273 | 3,282 | 3,385 | 4,236 | |
| Total Liabilities | 4,917 | 5,146 | 6,404 | 7,352 | 8,131 | 9,166 | 9,628 | 9,995 | 11,214 | 13,913 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 924 | 872 | 1,498 | 1,929 | 1,418 | 2,097 | 2,093 | 1,629 | 1,928 | 3,011 |
| Net Working Capital | 434 | -24 | -134 | -477 | -807 | -1,023 | -1,457 | -1,643 | -1,777 | -2,101 |
| Contingent Liabilities | 313 | 291 | 253 | 200 | 315 | 579 | 452 | 458 | 263 | 275 |
| Book Value per Share | 597.02 | 644.27 | 683.83 | 718.89 | 819.85 | 809.10 | 850.34 | 999.41 | 1079.98 | 1246.36 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 924 | 872 | 1,498 | 1,929 | 1,418 | 2,097 | 2,093 | 1,629 | 1,928 | 3,011 |
| Net Working Capital | 434 | -24 | -134 | -477 | -807 | -1,023 | -1,457 | -1,643 | -1,777 | -2,101 |
| Contingent Liabilities | 313 | 291 | 253 | 200 | 315 | 579 | 452 | 458 | 263 | 275 |
| Book Value per Share | 597.02 | 644.27 | 683.83 | 718.89 | 819.85 | 809.10 | 850.34 | 999.41 | 1079.98 | 1246.36 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 40
- 2,374
- 68
- Trade Payables
- 758
- 1,676
- Total Liabilities
- 4,917
- 2,453
- Capital Work in Progress
- 319
- 232
- 943
- 0
- Cash & Bank
- 36
- 934
- Total Assets
- 4,917
- Total Debt
- 924
- Net Working Capital
- 434
- Contingent Liabilities
- 313
- Book Value per Share
- 597.02
- Face Value
- 10.00
- Total Debt
- 924
- Net Working Capital
- 434
- Contingent Liabilities
- 313
- Book Value per Share
- 597.02
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 40
- 2,566
- 418
- Trade Payables
- 871
- 1,252
- Total Liabilities
- 5,146
- 2,709
- Capital Work in Progress
- 309
- 214
- 785
- 0
- Cash & Bank
- 86
- 1,043
- Total Assets
- 5,146
- Total Debt
- 872
- Net Working Capital
- -24
- Contingent Liabilities
- 291
- Book Value per Share
- 644.27
- Face Value
- 10.00
- Total Debt
- 872
- Net Working Capital
- -24
- Contingent Liabilities
- 291
- Book Value per Share
- 644.27
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 40
- 2,726
- 273
- Trade Payables
- 1,053
- 2,312
- Total Liabilities
- 6,404
- 3,180
- Capital Work in Progress
- 802
- 181
- 1,006
- 0
- Cash & Bank
- 74
- 1,163
- Total Assets
- 6,404
- Total Debt
- 1,498
- Net Working Capital
- -134
- Contingent Liabilities
- 253
- Book Value per Share
- 683.83
- Face Value
- 10.00
- Total Debt
- 1,498
- Net Working Capital
- -134
- Contingent Liabilities
- 253
- Book Value per Share
- 683.83
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 40
- 2,867
- 283
- Trade Payables
- 1,195
- 2,967
- Total Liabilities
- 7,352
- 4,160
- Capital Work in Progress
- 1,051
- 184
- 926
- 0
- Cash & Bank
- 34
- 998
- Total Assets
- 7,352
- Total Debt
- 1,929
- Net Working Capital
- -477
- Contingent Liabilities
- 200
- Book Value per Share
- 718.89
- Face Value
- 10.00
- Total Debt
- 1,929
- Net Working Capital
- -477
- Contingent Liabilities
- 200
- Book Value per Share
- 718.89
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 40
- 3,276
- 72
- Trade Payables
- 1,839
- 2,904
- Total Liabilities
- 8,131
- 4,763
- Capital Work in Progress
- 768
- 210
- 1,130
- 0
- Cash & Bank
- 43
- 1,216
- Total Assets
- 8,131
- Total Debt
- 1,418
- Net Working Capital
- -807
- Contingent Liabilities
- 315
- Book Value per Share
- 819.85
- Face Value
- 10.00
- Total Debt
- 1,418
- Net Working Capital
- -807
- Contingent Liabilities
- 315
- Book Value per Share
- 819.85
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 40
- 3,232
- 373
- Trade Payables
- 2,158
- 3,363
- Total Liabilities
- 9,166
- 5,329
- Capital Work in Progress
- 829
- 179
- 1,310
- 0
- Cash & Bank
- 36
- 1,483
- Total Assets
- 9,166
- Total Debt
- 2,097
- Net Working Capital
- -1,023
- Contingent Liabilities
- 579
- Book Value per Share
- 809.10
- Face Value
- 10.00
- Total Debt
- 2,097
- Net Working Capital
- -1,023
- Contingent Liabilities
- 579
- Book Value per Share
- 809.10
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 40
- 3,399
- 647
- Trade Payables
- 2,268
- 3,273
- Total Liabilities
- 9,628
- 6,096
- Capital Work in Progress
- 569
- 170
- 1,138
- 0
- Cash & Bank
- 72
- 1,584
- Total Assets
- 9,628
- Total Debt
- 2,093
- Net Working Capital
- -1,457
- Contingent Liabilities
- 452
- Book Value per Share
- 850.34
- Face Value
- 10.00
- Total Debt
- 2,093
- Net Working Capital
- -1,457
- Contingent Liabilities
- 452
- Book Value per Share
- 850.34
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 40
- 4,002
- 338
- Trade Payables
- 2,332
- 3,282
- Total Liabilities
- 9,995
- 6,271
- Capital Work in Progress
- 659
- 182
- 1,150
- 1,283
- Cash & Bank
- 59
- 390
- Total Assets
- 9,995
- Total Debt
- 1,629
- Net Working Capital
- -1,643
- Contingent Liabilities
- 458
- Book Value per Share
- 999.41
- Face Value
- 10.00
- Total Debt
- 1,629
- Net Working Capital
- -1,643
- Contingent Liabilities
- 458
- Book Value per Share
- 999.41
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 40
- 4,328
- 721
- Trade Payables
- 2,740
- 3,385
- Total Liabilities
- 11,214
- 6,984
- Capital Work in Progress
- 507
- 190
- 1,412
- 1,653
- Cash & Bank
- 53
- 415
- Total Assets
- 11,214
- Total Debt
- 1,928
- Net Working Capital
- -1,777
- Contingent Liabilities
- 263
- Book Value per Share
- 1079.98
- Face Value
- 10.00
- Total Debt
- 1,928
- Net Working Capital
- -1,777
- Contingent Liabilities
- 263
- Book Value per Share
- 1079.98
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 40
- 5,001
- 1,187
- Trade Payables
- 3,448
- 4,236
- Total Liabilities
- 13,913
- 8,439
- Capital Work in Progress
- 598
- 222
- 1,783
- 1,839
- Cash & Bank
- 43
- 988
- Total Assets
- 13,913
- Total Debt
- 3,011
- Net Working Capital
- -2,101
- Contingent Liabilities
- 275
- Book Value per Share
- 1246.36
- Face Value
- 10.00
- Total Debt
- 3,011
- Net Working Capital
- -2,101
- Contingent Liabilities
- 275
- Book Value per Share
- 1246.36
- Face Value
- 10.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 335 | 672 | 561 | 956 | 1,358 | 619 | 1,205 | 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 | |
| Free Cash Flow | -249 | 272 | -585 | -506 | 699 | -287 | 263 | 962 | 195 | -432 |
| OCF / Net Profit | 0.93 | 2.88 | 2.24 | 4.16 | 3.14 | 8.77 | 6.61 | 2.71 | 2.32 | 2.56 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -369 | -407 | -416 | 1,131 | 1,832 | 701 |
| OCF / Net Profit | 0.93 | 2.88 | 2.24 | 4.16 | 3.14 | 8.77 | 6.61 | 2.71 | 2.32 | 2.56 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -369 | -407 | -416 | 1,131 | 1,832 | 701 |
Mar 2017
- 335
- Cash from Investing
- -543
- Cash from Financing
- 219
- 10
- Free Cash Flow
- -249
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.93
- Cumulative 5-Year FCF
- 0
Mar 2018
- 672
- Cash from Investing
- -412
- Cash from Financing
- -202
- 58
- Free Cash Flow
- 272
- OCF / Net Profit
- 2.88
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.88
- Cumulative 5-Year FCF
- 0
Mar 2019
- 561
- Cash from Investing
- -1,060
- Cash from Financing
- 484
- -15
- Free Cash Flow
- -585
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.24
- Cumulative 5-Year FCF
- 0
Mar 2020
- 956
- Cash from Investing
- -1,076
- Cash from Financing
- 79
- -40
- Free Cash Flow
- -506
- OCF / Net Profit
- 4.16
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.16
- Cumulative 5-Year FCF
- 0
Mar 2021
- 1,358
- Cash from Investing
- -618
- Cash from Financing
- -731
- 9
- Free Cash Flow
- 699
- OCF / Net Profit
- 3.14
- Cumulative 5-Year FCF
- -369
- OCF / Net Profit
- 3.14
- Cumulative 5-Year FCF
- -369
Mar 2022
- 619
- Cash from Investing
- -944
- Cash from Financing
- 313
- -12
- Free Cash Flow
- -287
- OCF / Net Profit
- 8.77
- Cumulative 5-Year FCF
- -407
- OCF / Net Profit
- 8.77
- Cumulative 5-Year FCF
- -407
Mar 2023
- 1,205
- Cash from Investing
- -849
- Cash from Financing
- -320
- 37
- Free Cash Flow
- 263
- OCF / Net Profit
- 6.61
- Cumulative 5-Year FCF
- -416
- OCF / Net Profit
- 6.61
- Cumulative 5-Year FCF
- -416
Mar 2024
- 1,719
- Cash from Investing
- -854
- Cash from Financing
- -871
- -5
- Free Cash Flow
- 962
- OCF / Net Profit
- 2.71
- Cumulative 5-Year FCF
- 1,131
- OCF / Net Profit
- 2.71
- Cumulative 5-Year FCF
- 1,131
Mar 2025
- 1,092
- Cash from Investing
- -922
- Cash from Financing
- -177
- -7
- Free Cash Flow
- 195
- OCF / Net Profit
- 2.32
- Cumulative 5-Year FCF
- 1,832
- OCF / Net Profit
- 2.32
- Cumulative 5-Year FCF
- 1,832
Mar 2026
- 1,786
- Cash from Investing
- -2,271
- Cash from Financing
- 477
- -8
- Free Cash Flow
- -432
- OCF / Net Profit
- 2.56
- Cumulative 5-Year FCF
- 701
- OCF / Net Profit
- 2.56
- Cumulative 5-Year FCF
- 701
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 89.28 | 58.83 | 62.35 | 57.17 | 106.81 | 17.60 | 46.02 | 158.88 | 116.85 | 172.56 |
| Book Value (₹) | 597.02 | 644.27 | 683.83 | 718.89 | 819.85 | 809.10 | 850.34 | 999.41 | 1079.98 | 1246.36 |
| Dividend per Share (₹) | 11.50 | 11.50 | 12.00 | 12.00 | 18.00 | 3.00 | 12.00 | 30.00 | 30.00 | 35.00 |
| Cash EPS (₹) | 124.18 | 99.36 | 109.71 | 125.23 | 190.84 | 125.04 | 161.11 | 282.85 | 255.64 | 344.79 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 10.61% | 10.08% | 9.83% | 11.02% | 13.14% | 7.70% | 8.76% | 13.83% | 11.13% | 13.06% |
| Net Margin % | 5.58% | 3.62% | 3.59% | 3.39% | 5.68% | 0.75% | 1.61% | 5.32% | 3.57% | 4.45% |
| ROE % | 16.07% | 9.29% | 9.35% | 8.11% | 13.89% | 2.14% | 5.43% | 16.98% | 11.21% | 14.82% |
| ROCE % | 18.33% | 13.82% | 12.12% | 10.07% | 13.85% | 5.97% | 9.10% | 20.10% | 15.39% | 18.60% |
| 7.96% | 4.64% | 4.35% | 3.34% | 5.58% | 0.82% | 1.94% | 6.48% | 4.45% | 5.55% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 34 | 38 | 38 | 37 | 38 | 40 | 40 | 40 | 41 | 41 |
| Inventory Days | 45 | 49 | 47 | 52 | 49 | 48 | 39 | 35 | 35 | 37 |
| Payable Days | 75 | 78 | 84 | 105 | 130 | 121 | 109 | 121 | 112 | 119 |
| 4 | 9 | 1 | -16 | -42 | -33 | -30 | -47 | -37 | -41 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.38x | 0.33x | 0.54x | 0.66x | 0.43x | 0.64x | 0.61x | 0.40x | 0.44x | 0.60x |
| Interest Coverage (x) | 6.20x | 4.54x | 5.05x | 2.98x | 3.71x | 1.46x | 2.05x | 4.18x | 3.32x | 3.72x |
| 1.31x | 0.99x | 0.94x | 0.79x | 0.74x | 0.72x | 0.65x | 0.62x | 0.66x | 0.67x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 5.16% | 8.96% | 11.16% | -2.94% | 12.26% | 23.05% | 20.84% | 5.56% | 10.67% | 18.61% |
| Operating Profit Growth % | -15.38% | -4.79% | 5.51% | 8.88% | 33.81% | -27.88% | 37.38% | 68.76% | -10.78% | 39.95% |
| Net Profit Growth % | -10.09% | -35.06% | 7.63% | -8.37% | 103.11% | -82.18% | 158.42% | 248.31% | -25.80% | 47.92% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 245.20% | -26.45% | 47.69% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 16.85x | 24.66x | 18.79x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.68x | 2.67x | 2.60x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 1.12% | 1.04% | 1.08% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.42x | 9.07x | 7.70x |
Mar 2017
- EPS (₹)
- 89.28
- Book Value (₹)
- 597.02
- Dividend per Share (₹)
- 11.50
- Cash EPS (₹)
- 124.18
- Operating Margin %
- 10.61%
- Net Margin %
- 5.58%
- ROE %
- 16.07%
- ROCE %
- 18.33%
- 7.96%
- Debtor Days
- 34
- Inventory Days
- 45
- Payable Days
- 75
- 4
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 6.20x
- 1.31x
- Revenue Growth %
- 5.16%
- Operating Profit Growth %
- -15.38%
- Net Profit Growth %
- -10.09%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 58.83
- Book Value (₹)
- 644.27
- Dividend per Share (₹)
- 11.50
- Cash EPS (₹)
- 99.36
- Operating Margin %
- 10.08%
- Net Margin %
- 3.62%
- ROE %
- 9.29%
- ROCE %
- 13.82%
- 4.64%
- Debtor Days
- 38
- Inventory Days
- 49
- Payable Days
- 78
- 9
- Debt to Equity (x)
- 0.33x
- Interest Coverage (x)
- 4.54x
- 0.99x
- Revenue Growth %
- 8.96%
- Operating Profit Growth %
- -4.79%
- Net Profit Growth %
- -35.06%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 62.35
- Book Value (₹)
- 683.83
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 109.71
- Operating Margin %
- 9.83%
- Net Margin %
- 3.59%
- ROE %
- 9.35%
- ROCE %
- 12.12%
- 4.35%
- Debtor Days
- 38
- Inventory Days
- 47
- Payable Days
- 84
- 1
- Debt to Equity (x)
- 0.54x
- Interest Coverage (x)
- 5.05x
- 0.94x
- Revenue Growth %
- 11.16%
- Operating Profit Growth %
- 5.51%
- Net Profit Growth %
- 7.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 57.17
- Book Value (₹)
- 718.89
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 125.23
- Operating Margin %
- 11.02%
- Net Margin %
- 3.39%
- ROE %
- 8.11%
- ROCE %
- 10.07%
- 3.34%
- Debtor Days
- 37
- Inventory Days
- 52
- Payable Days
- 105
- -16
- Debt to Equity (x)
- 0.66x
- Interest Coverage (x)
- 2.98x
- 0.79x
- Revenue Growth %
- -2.94%
- Operating Profit Growth %
- 8.88%
- Net Profit Growth %
- -8.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 106.81
- Book Value (₹)
- 819.85
- Dividend per Share (₹)
- 18.00
- Cash EPS (₹)
- 190.84
- Operating Margin %
- 13.14%
- Net Margin %
- 5.68%
- ROE %
- 13.89%
- ROCE %
- 13.85%
- 5.58%
- Debtor Days
- 38
- Inventory Days
- 49
- Payable Days
- 130
- -42
- Debt to Equity (x)
- 0.43x
- Interest Coverage (x)
- 3.71x
- 0.74x
- Revenue Growth %
- 12.26%
- Operating Profit Growth %
- 33.81%
- Net Profit Growth %
- 103.11%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 17.60
- Book Value (₹)
- 809.10
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 125.04
- Operating Margin %
- 7.70%
- Net Margin %
- 0.75%
- ROE %
- 2.14%
- ROCE %
- 5.97%
- 0.82%
- Debtor Days
- 40
- Inventory Days
- 48
- Payable Days
- 121
- -33
- Debt to Equity (x)
- 0.64x
- Interest Coverage (x)
- 1.46x
- 0.72x
- Revenue Growth %
- 23.05%
- Operating Profit Growth %
- -27.88%
- Net Profit Growth %
- -82.18%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 46.02
- Book Value (₹)
- 850.34
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 161.11
- Operating Margin %
- 8.76%
- Net Margin %
- 1.61%
- ROE %
- 5.43%
- ROCE %
- 9.10%
- 1.94%
- Debtor Days
- 40
- Inventory Days
- 39
- Payable Days
- 109
- -30
- Debt to Equity (x)
- 0.61x
- Interest Coverage (x)
- 2.05x
- 0.65x
- Revenue Growth %
- 20.84%
- Operating Profit Growth %
- 37.38%
- Net Profit Growth %
- 158.42%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 158.88
- Book Value (₹)
- 999.41
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 282.85
- Operating Margin %
- 13.83%
- Net Margin %
- 5.32%
- ROE %
- 16.98%
- ROCE %
- 20.10%
- 6.48%
- Debtor Days
- 40
- Inventory Days
- 35
- Payable Days
- 121
- -47
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 4.18x
- 0.62x
- Revenue Growth %
- 5.56%
- Operating Profit Growth %
- 68.76%
- Net Profit Growth %
- 248.31%
- 245.20%
- P/E (x)
- 16.85x
- P/B (x)
- 2.68x
- Dividend Yield %
- 1.12%
- 7.42x
Mar 2025
- EPS (₹)
- 116.85
- Book Value (₹)
- 1079.98
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 255.64
- Operating Margin %
- 11.13%
- Net Margin %
- 3.57%
- ROE %
- 11.21%
- ROCE %
- 15.39%
- 4.45%
- Debtor Days
- 41
- Inventory Days
- 35
- Payable Days
- 112
- -37
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 3.32x
- 0.66x
- Revenue Growth %
- 10.67%
- Operating Profit Growth %
- -10.78%
- Net Profit Growth %
- -25.80%
- -26.45%
- P/E (x)
- 24.66x
- P/B (x)
- 2.67x
- Dividend Yield %
- 1.04%
- 9.07x
Mar 2026
- EPS (₹)
- 172.56
- Book Value (₹)
- 1246.36
- Dividend per Share (₹)
- 35.00
- Cash EPS (₹)
- 344.79
- Operating Margin %
- 13.06%
- Net Margin %
- 4.45%
- ROE %
- 14.82%
- ROCE %
- 18.60%
- 5.55%
- Debtor Days
- 41
- Inventory Days
- 37
- Payable Days
- 119
- -41
- Debt to Equity (x)
- 0.60x
- Interest Coverage (x)
- 3.72x
- 0.67x
- Revenue Growth %
- 18.61%
- Operating Profit Growth %
- 39.95%
- Net Profit Growth %
- 47.92%
- 47.69%
- P/E (x)
- 18.79x
- P/B (x)
- 2.60x
- Dividend Yield %
- 1.08%
- 7.70x
Documents
Announcements
- Action(s) taken or orders passed
2026-08-19 - CEAT Limited has informed the Exchange about Action(s) taken or orders passed
- Committee Meeting Updates
2026-08-17 - CEAT Limited has informed the Exchange regarding Outcome of Committee Meeting held on August 17, 2026.
Annual Reports
Credit Ratings
- Credit Rating
2026-07-03 - CEAT Limited has informed the Exchange about Credit Rating
- Credit Rating
2026-01-08 - CEAT Limited has informed the Exchange about Credit Rating
- Credit Rating
2025-12-02 - CEAT Limited has informed the Exchange about Credit Rating
Concalls
Jul 2026
May 2026
Apr 2026