Ceat Ltd.
•₹ 3,563.4-0.69%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Automotive Tyres: 93.3% • Tubes and others: 5.2% • Other Operating Revenue: 1.5%
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
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 | 133965.20 | 23.53 | 56816.56 | 0.18 | 495.35 | -1.02 | 8415.50 | 9.64 | 16.04 | 11.77 |
| 2. | BALKRISIND | 2376.75 | 32.69 | 45946.66 | 0.67 | 450.77 | 56.35 | 3455.27 | 25.19 | 12.38 | 21.54 |
| 3. | APOLLOTYRE | 429.55 | 15.97 | 27280.76 | 1.40 | 348.87 | 2609.05 | 7397.79 | 12.76 | 9.22 | 11.73 |
| 4. | CEATLTD | 3585.40 | 24.60 | 14502.98 | 0.98 | 4.00 | -96.44 | 4318.00 | 22.34 | 18.60 | 8.57 |
| 5. | JKTYRE | 373.80 | 16.55 | 10776.26 | 1.07 | 44.09 | -73.01 | 3946.24 | 2.00 | 14.30 | 6.58 |
| 6. | TVSSRICHAK | 4922.80 | 40.81 | 3769.41 | 0.77 | 34.02 | 165.16 | 1067.61 | 30.29 | 4.80 | 7.57 |
| 7. | GOODYEAR | 761.60 | 0.00 | 1756.75 | 3.48 | 6.51 | -53.86 | 774.35 | 18.00 | 14.67 | 1.30 |
| 8. | TOLINS | 96.90 | 11.75 | 382.84 | 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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 16 | 4 | 3 | 3 | 6 | 20 | 3 | 4 | 26 | 16 | 26 | 62 | 22 |
| 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 |
| 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 | 49 | 44 | 29 | 37 | 34 | 24 | 25 | 33 | 50 | 47 | 70 | 2 | |
| 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
- 2,921
- 2,535
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 69
- Depreciation
- 121
- 212
- Tax %
- 24.88%
- Net Profit
- 159
- 39
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 3,043
- 2,586
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 71
- Depreciation
- 124
- 266
- Tax %
- 25.03%
- Net Profit
- 199
- 49
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 2,949
- 2,532
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 65
- Depreciation
- 127
- 228
- Tax %
- 22.65%
- Net Profit
- 177
- 44
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 2,979
- 2,584
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 61
- Depreciation
- 136
- 159
- Tax %
- 25.11%
- Net Profit
- 119
- 29
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 3,168
- 2,787
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 61
- Depreciation
- 132
- 202
- Tax %
- 26.15%
- Net Profit
- 149
- 37
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 3,298
- 2,932
- Operating Profit
- —
- OPM %
- —
- Other Income
- 20
- Interest
- 66
- Depreciation
- 137
- 183
- Tax %
- 25.26%
- Net Profit
- 137
- 34
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 3,292
- 2,948
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 75
- Depreciation
- 141
- 130
- Tax %
- 26.40%
- Net Profit
- 96
- 24
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 3,414
- 3,019
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 74
- Depreciation
- 152
- 135
- Tax %
- 25.81%
- Net Profit
- 100
- 25
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 3,521
- 3,130
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 82
- Depreciation
- 151
- 181
- Tax %
- 25.02%
- Net Profit
- 135
- 33
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 3,701
- 3,194
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 87
- Depreciation
- 167
- 270
- Tax %
- 25.06%
- Net Profit
- 202
- 50
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 3,957
- 3,400
- Operating Profit
- —
- OPM %
- —
- Other Income
- 26
- Interest
- 105
- Depreciation
- 165
- 256
- Tax %
- 25.14%
- Net Profit
- 192
- 47
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 4,036
- 3,449
- Operating Profit
- —
- OPM %
- —
- Other Income
- 62
- Interest
- 86
- Depreciation
- 171
- 383
- Tax %
- 25.96%
- Net Profit
- 284
- 70
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 4,163
- 4,046
- Operating Profit
- —
- OPM %
- —
- Other Income
- 22
- Interest
- 95
- Depreciation
- 168
- 132
- Tax %
- 25.76%
- Net Profit
- 98
- 2
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 40
- Reserves
- 0
- Promoter Pledge %
- 0.00%
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 | 709 | 690 | 696 | 751 | 1,009 | 729 | 1,016 | 1,682 | 1,520 | 2,174 | — |
| OPM % | 12 | 11 | 10 | 11 | 13 | 8 | 9 | 14 | 12 | 14 | — |
| Other Income | 42 | 72 | 57 | 33 | 56 | 32 | 41 | 27 | 37 | 132 | 127 |
| Interest | 87 | 92 | 68 | 152 | 176 | 204 | 239 | 266 | 277 | 359 | 372 |
| Depreciation | 142 | 162 | 174 | 277 | 340 | 435 | 469 | 508 | 562 | 654 | 671 |
| 467 | 410 | 410 | 292 | 459 | 77 | 274 | 865 | 650 | 1,089 | 1,041 | |
| Tax % | 22 | 32 | 29 | 23 | 10 | 30 | 25 | 24 | 26 | 25 | 26 |
| Net Profit | 363 | 279 | 289 | 225 | 414 | 54 | 206 | 654 | 482 | 813 | 775 |
| EPS | 90 | 69 | 71 | 56 | 102 | 13 | 51 | 162 | 119 | 201 | — |
| Dividend Payout % | 13 | 17 | 17 | 22 | 18 | 22 | 24 | 19 | 25 | 17 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 90 | 69 | 71 | 56 | 102 | 13 | 51 | 162 | 119 | 201 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 90 | 69 | 71 | 56 | 102 | 13 | 51 | 162 | 119 | 201 | — |
Mar 2017
- 5,702
- 5,035
- Operating Profit
- 709
- OPM %
- 12
- Other Income
- 42
- Interest
- 87
- Depreciation
- 142
- 467
- Tax %
- 22
- Net Profit
- 363
- EPS
- 90
- Dividend Payout %
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 90
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 90
Mar 2018
- 6,213
- 5,595
- Operating Profit
- 690
- OPM %
- 11
- Other Income
- 72
- Interest
- 92
- Depreciation
- 162
- 410
- Tax %
- 32
- Net Profit
- 279
- EPS
- 69
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 69
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 69
Mar 2019
- 6,831
- 6,192
- Operating Profit
- 696
- OPM %
- 10
- Other Income
- 57
- Interest
- 68
- Depreciation
- 174
- 410
- Tax %
- 29
- Net Profit
- 289
- EPS
- 71
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 71
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 71
Mar 2020
- 6,748
- 6,030
- Operating Profit
- 751
- OPM %
- 11
- Other Income
- 33
- Interest
- 152
- Depreciation
- 277
- 292
- Tax %
- 23
- Net Profit
- 225
- EPS
- 56
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 56
Mar 2021
- 7,573
- 6,620
- Operating Profit
- 1,009
- OPM %
- 13
- Other Income
- 56
- Interest
- 176
- Depreciation
- 340
- 459
- Tax %
- 10
- Net Profit
- 414
- EPS
- 102
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 102
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 102
Mar 2022
- 9,313
- 8,615
- Operating Profit
- 729
- OPM %
- 8
- Other Income
- 32
- Interest
- 204
- Depreciation
- 435
- 77
- Tax %
- 30
- Net Profit
- 54
- EPS
- 13
- Dividend Payout %
- 22
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2023
- 11,263
- 10,288
- Operating Profit
- 1,016
- OPM %
- 9
- Other Income
- 41
- Interest
- 239
- Depreciation
- 469
- 274
- Tax %
- 25
- Net Profit
- 206
- EPS
- 51
- Dividend Payout %
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 51
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 51
Mar 2024
- 11,893
- 10,238
- Operating Profit
- 1,682
- OPM %
- 14
- Other Income
- 27
- Interest
- 266
- Depreciation
- 508
- 865
- Tax %
- 24
- Net Profit
- 654
- EPS
- 162
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 162
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 162
Mar 2025
- 13,172
- 11,689
- Operating Profit
- 1,520
- OPM %
- 12
- Other Income
- 37
- Interest
- 277
- Depreciation
- 562
- 650
- Tax %
- 26
- Net Profit
- 482
- EPS
- 119
- Dividend Payout %
- 25
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 119
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 119
Mar 2026
- 15,215
- 13,173
- Operating Profit
- 2,174
- OPM %
- 14
- Other Income
- 132
- Interest
- 359
- Depreciation
- 654
- 1,089
- Tax %
- 25
- Net Profit
- 813
- EPS
- 201
- Dividend Payout %
- 17
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 201
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 201
TTM
- 15,857
- 14,089
- Operating Profit
- —
- OPM %
- —
- Other Income
- 127
- Interest
- 372
- Depreciation
- 671
- 1,041
- Tax %
- 26
- Net Profit
- 775
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
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:
- 15%
- 5 Years:
- 22%
- 3 Years:
- 15%
- 1 Year:
- 12%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 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 | |
| 68 | 366 | 256 | 262 | 51 | 347 | 620 | 302 | 721 | 1,169 | |
| Trade Payables | 750 | 846 | 1,034 | 1,191 | 1,836 | 2,155 | 2,271 | 2,333 | 2,739 | 3,346 |
| 1,420 | 1,011 | 2,021 | 2,919 | 2,870 | 3,315 | 3,234 | 3,242 | 3,351 | 4,126 | |
| Total Liabilities | 4,543 | 4,769 | 6,062 | 7,133 | 7,921 | 8,968 | 9,470 | 9,829 | 11,096 | 13,703 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 775 | 641 | 1,261 | 1,908 | 1,397 | 2,071 | 2,066 | 1,593 | 1,928 | 2,992 |
| Net Working Capital | 486 | 12 | -95 | -503 | -825 | -1,047 | -1,470 | -1,657 | -1,789 | -2,178 |
| Contingent Liabilities | 448 | 515 | 512 | 200 | 315 | 579 | 452 | 458 | 263 | 275 |
| Book Value per Share | 570.12 | 629.62 | 680.11 | 682.47 | 782.38 | 778.81 | 827.10 | 976.79 | 1059.53 | 1251.55 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 775 | 641 | 1,261 | 1,908 | 1,397 | 2,071 | 2,066 | 1,593 | 1,928 | 2,992 |
| Net Working Capital | 486 | 12 | -95 | -503 | -825 | -1,047 | -1,470 | -1,657 | -1,789 | -2,178 |
| Contingent Liabilities | 448 | 515 | 512 | 200 | 315 | 579 | 452 | 458 | 263 | 275 |
| Book Value per Share | 570.12 | 629.62 | 680.11 | 682.47 | 782.38 | 778.81 | 827.10 | 976.79 | 1059.53 | 1251.55 |
| 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
- 2,266
- 68
- Trade Payables
- 750
- 1,420
- Total Liabilities
- 4,543
- 2,409
- Capital Work in Progress
- 49
- 259
- 923
- 0
- Cash & Bank
- 17
- 886
- Total Assets
- 4,543
- Total Debt
- 775
- Net Working Capital
- 486
- Contingent Liabilities
- 448
- Book Value per Share
- 570.12
- Face Value
- 10.00
- Total Debt
- 775
- Net Working Capital
- 486
- Contingent Liabilities
- 448
- Book Value per Share
- 570.12
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 40
- 2,506
- 366
- Trade Payables
- 846
- 1,011
- Total Liabilities
- 4,769
- 2,465
- Capital Work in Progress
- 152
- 320
- 755
- 0
- Cash & Bank
- 73
- 1,004
- Total Assets
- 4,769
- Total Debt
- 641
- Net Working Capital
- 12
- Contingent Liabilities
- 515
- Book Value per Share
- 629.62
- Face Value
- 10.00
- Total Debt
- 641
- Net Working Capital
- 12
- Contingent Liabilities
- 515
- Book Value per Share
- 629.62
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 40
- 2,711
- 256
- Trade Payables
- 1,034
- 2,021
- Total Liabilities
- 6,062
- 2,846
- Capital Work in Progress
- 719
- 313
- 965
- 0
- Cash & Bank
- 60
- 1,159
- Total Assets
- 6,062
- Total Debt
- 1,261
- Net Working Capital
- -95
- Contingent Liabilities
- 512
- Book Value per Share
- 680.11
- Face Value
- 10.00
- Total Debt
- 1,261
- Net Working Capital
- -95
- Contingent Liabilities
- 512
- Book Value per Share
- 680.11
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 40
- 2,720
- 262
- Trade Payables
- 1,191
- 2,919
- Total Liabilities
- 7,133
- 4,160
- Capital Work in Progress
- 984
- 111
- 911
- 0
- Cash & Bank
- 29
- 938
- Total Assets
- 7,133
- Total Debt
- 1,908
- Net Working Capital
- -503
- Contingent Liabilities
- 200
- Book Value per Share
- 682.47
- Face Value
- 10.00
- Total Debt
- 1,908
- Net Working Capital
- -503
- Contingent Liabilities
- 200
- Book Value per Share
- 682.47
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 40
- 3,124
- 51
- Trade Payables
- 1,836
- 2,870
- Total Liabilities
- 7,921
- 4,763
- Capital Work in Progress
- 703
- 118
- 1,112
- 0
- Cash & Bank
- 26
- 1,199
- Total Assets
- 7,921
- Total Debt
- 1,397
- Net Working Capital
- -825
- Contingent Liabilities
- 315
- Book Value per Share
- 782.38
- Face Value
- 10.00
- Total Debt
- 1,397
- Net Working Capital
- -825
- Contingent Liabilities
- 315
- Book Value per Share
- 782.38
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 40
- 3,110
- 347
- Trade Payables
- 2,155
- 3,315
- Total Liabilities
- 8,968
- 5,329
- Capital Work in Progress
- 762
- 126
- 1,287
- 0
- Cash & Bank
- 17
- 1,448
- Total Assets
- 8,968
- Total Debt
- 2,071
- Net Working Capital
- -1,047
- Contingent Liabilities
- 579
- Book Value per Share
- 778.81
- Face Value
- 10.00
- Total Debt
- 2,071
- Net Working Capital
- -1,047
- Contingent Liabilities
- 579
- Book Value per Share
- 778.81
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 40
- 3,305
- 620
- Trade Payables
- 2,271
- 3,234
- Total Liabilities
- 9,470
- 6,096
- Capital Work in Progress
- 509
- 130
- 1,124
- 0
- Cash & Bank
- 53
- 1,557
- Total Assets
- 9,470
- Total Debt
- 2,066
- Net Working Capital
- -1,470
- Contingent Liabilities
- 452
- Book Value per Share
- 827.10
- Face Value
- 10.00
- Total Debt
- 2,066
- Net Working Capital
- -1,470
- Contingent Liabilities
- 452
- Book Value per Share
- 827.10
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 40
- 3,911
- 302
- Trade Payables
- 2,333
- 3,242
- Total Liabilities
- 9,829
- 6,246
- Capital Work in Progress
- 659
- 156
- 1,134
- 1,276
- Cash & Bank
- 35
- 323
- Total Assets
- 9,829
- Total Debt
- 1,593
- Net Working Capital
- -1,657
- Contingent Liabilities
- 458
- Book Value per Share
- 976.79
- Face Value
- 10.00
- Total Debt
- 1,593
- Net Working Capital
- -1,657
- Contingent Liabilities
- 458
- Book Value per Share
- 976.79
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 40
- 4,245
- 721
- Trade Payables
- 2,739
- 3,351
- Total Liabilities
- 11,096
- 6,960
- Capital Work in Progress
- 507
- 165
- 1,409
- 1,652
- Cash & Bank
- 43
- 360
- Total Assets
- 11,096
- Total Debt
- 1,928
- Net Working Capital
- -1,789
- Contingent Liabilities
- 263
- Book Value per Share
- 1059.53
- Face Value
- 10.00
- Total Debt
- 1,928
- Net Working Capital
- -1,789
- Contingent Liabilities
- 263
- Book Value per Share
- 1059.53
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 40
- 5,022
- 1,169
- Trade Payables
- 3,346
- 4,126
- Total Liabilities
- 13,703
- 7,507
- Capital Work in Progress
- 589
- 493
- 1,660
- 1,760
- Cash & Bank
- 34
- 1,661
- Total Assets
- 13,703
- Total Debt
- 2,992
- Net Working Capital
- -2,178
- Contingent Liabilities
- 275
- Book Value per Share
- 1251.55
- Face Value
- 10.00
- Total Debt
- 2,992
- Net Working Capital
- -2,178
- Contingent Liabilities
- 275
- Book Value per Share
- 1251.55
- Face Value
- 10.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 344 | 744 | 533 | 968 | 1,351 | 632 | 1,215 | 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 | |
| Free Cash Flow | -66 | 438 | -582 | -870 | 690 | -271 | 264 | 932 | 186 | 582 |
| OCF / Net Profit | 0.95 | 2.67 | 1.84 | 4.31 | 3.27 | 11.64 | 5.89 | 2.63 | 2.25 | 2.26 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -389 | -594 | -768 | 747 | 1,802 | 1,694 |
| OCF / Net Profit | 0.95 | 2.67 | 1.84 | 4.31 | 3.27 | 11.64 | 5.89 | 2.63 | 2.25 | 2.26 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -389 | -594 | -768 | 747 | 1,802 | 1,694 |
Mar 2017
- 344
- Cash from Investing
- -419
- Cash from Financing
- 78
- 3
- Free Cash Flow
- -66
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.95
- Cumulative 5-Year FCF
- 0
Mar 2018
- 744
- Cash from Investing
- -420
- Cash from Financing
- -269
- 55
- Free Cash Flow
- 438
- OCF / Net Profit
- 2.67
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.67
- Cumulative 5-Year FCF
- 0
Mar 2019
- 533
- Cash from Investing
- -1,052
- Cash from Financing
- 504
- -15
- Free Cash Flow
- -582
- OCF / Net Profit
- 1.84
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.84
- Cumulative 5-Year FCF
- 0
Mar 2020
- 968
- Cash from Investing
- -1,128
- Cash from Financing
- 126
- -34
- Free Cash Flow
- -870
- OCF / Net Profit
- 4.31
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.31
- Cumulative 5-Year FCF
- 0
Mar 2021
- 1,351
- Cash from Investing
- -626
- Cash from Financing
- -728
- -3
- Free Cash Flow
- 690
- OCF / Net Profit
- 3.27
- Cumulative 5-Year FCF
- -389
- OCF / Net Profit
- 3.27
- Cumulative 5-Year FCF
- -389
Mar 2022
- 632
- Cash from Investing
- -950
- Cash from Financing
- 311
- -7
- Free Cash Flow
- -271
- OCF / Net Profit
- 11.64
- Cumulative 5-Year FCF
- -594
- OCF / Net Profit
- 11.64
- Cumulative 5-Year FCF
- -594
Mar 2023
- 1,215
- Cash from Investing
- -860
- Cash from Financing
- -318
- 37
- Free Cash Flow
- 264
- OCF / Net Profit
- 5.89
- Cumulative 5-Year FCF
- -768
- OCF / Net Profit
- 5.89
- Cumulative 5-Year FCF
- -768
Mar 2024
- 1,724
- Cash from Investing
- -874
- Cash from Financing
- -868
- -18
- Free Cash Flow
- 932
- OCF / Net Profit
- 2.63
- Cumulative 5-Year FCF
- 747
- OCF / Net Profit
- 2.63
- Cumulative 5-Year FCF
- 747
Mar 2025
- 1,083
- Cash from Investing
- -935
- Cash from Financing
- -140
- 7
- Free Cash Flow
- 186
- OCF / Net Profit
- 2.25
- Cumulative 5-Year FCF
- 1,802
- OCF / Net Profit
- 2.25
- Cumulative 5-Year FCF
- 1,802
Mar 2026
- 1,840
- Cash from Investing
- -2,318
- Cash from Financing
- 470
- -9
- Free Cash Flow
- 582
- OCF / Net Profit
- 2.26
- Cumulative 5-Year FCF
- 1,694
- OCF / Net Profit
- 2.26
- Cumulative 5-Year FCF
- 1,694
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 89.67 | 68.90 | 71.42 | 55.53 | 102.26 | 13.43 | 50.99 | 161.76 | 119.18 | 200.92 |
| Book Value (₹) | 570.12 | 629.62 | 680.11 | 682.47 | 782.38 | 778.81 | 827.10 | 976.79 | 1059.53 | 1251.55 |
| 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 (₹) | 124.78 | 108.88 | 114.51 | 124.03 | 186.21 | 121.01 | 167.00 | 287.43 | 258.19 | 362.69 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 11.11% | 10.81% | 10.19% | 11.13% | 13.32% | 7.83% | 9.02% | 13.92% | 11.26% | 13.42% |
| Net Margin % | 5.69% | 4.37% | 4.23% | 3.33% | 5.46% | 0.58% | 1.83% | 5.50% | 3.66% | 5.34% |
| ROE % | 17.05% | 11.49% | 10.91% | 8.15% | 13.96% | 1.72% | 6.35% | 17.93% | 11.71% | 17.39% |
| ROCE % | 19.48% | 16.00% | 13.26% | 10.23% | 13.76% | 5.75% | 9.65% | 20.65% | 15.78% | 20.30% |
| 8.60% | 5.99% | 5.33% | 3.40% | 5.50% | 0.64% | 2.24% | 6.78% | 4.61% | 6.55% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 33 | 37 | 38 | 38 | 38 | 41 | 40 | 40 | 41 | 41 |
| Inventory Days | 44 | 48 | 46 | 51 | 49 | 47 | 39 | 35 | 35 | 37 |
| Payable Days | 75 | 77 | 83 | 104 | 130 | 121 | 110 | 122 | 113 | 120 |
| 3 | 9 | 2 | -16 | -43 | -33 | -31 | -48 | -37 | -43 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.34x | 0.25x | 0.46x | 0.69x | 0.44x | 0.66x | 0.62x | 0.40x | 0.45x | 0.59x |
| Interest Coverage (x) | 6.38x | 5.46x | 7.05x | 2.93x | 3.61x | 1.38x | 2.15x | 4.25x | 3.35x | 4.03x |
| 1.36x | 1.01x | 0.95x | 0.78x | 0.73x | 0.71x | 0.64x | 0.61x | 0.65x | 0.65x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 4.52% | 8.97% | 9.95% | -1.22% | 12.23% | 22.97% | 20.95% | 5.59% | 10.76% | 15.51% |
| Operating Profit Growth % | -16.18% | -2.70% | 0.93% | 7.91% | 34.28% | -27.69% | 39.31% | 65.56% | -9.66% | 43.06% |
| Net Profit Growth % | -18.52% | -23.16% | 3.66% | -22.26% | 84.16% | -86.87% | 279.66% | 217.21% | -26.32% | 68.58% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 217.21% | -26.32% | 68.58% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 16.55x | 24.17x | 16.14x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.74x | 2.72x | 2.59x |
| 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 | 7.37x | 8.91x | 7.39x |
Mar 2017
- EPS (₹)
- 89.67
- Book Value (₹)
- 570.12
- Dividend per Share (₹)
- 11.50
- Cash EPS (₹)
- 124.78
- Operating Margin %
- 11.11%
- Net Margin %
- 5.69%
- ROE %
- 17.05%
- ROCE %
- 19.48%
- 8.60%
- Debtor Days
- 33
- Inventory Days
- 44
- Payable Days
- 75
- 3
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 6.38x
- 1.36x
- Revenue Growth %
- 4.52%
- Operating Profit Growth %
- -16.18%
- Net Profit Growth %
- -18.52%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 68.90
- Book Value (₹)
- 629.62
- Dividend per Share (₹)
- 11.50
- Cash EPS (₹)
- 108.88
- Operating Margin %
- 10.81%
- Net Margin %
- 4.37%
- ROE %
- 11.49%
- ROCE %
- 16.00%
- 5.99%
- Debtor Days
- 37
- Inventory Days
- 48
- Payable Days
- 77
- 9
- Debt to Equity (x)
- 0.25x
- Interest Coverage (x)
- 5.46x
- 1.01x
- Revenue Growth %
- 8.97%
- Operating Profit Growth %
- -2.70%
- Net Profit Growth %
- -23.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 71.42
- Book Value (₹)
- 680.11
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 114.51
- Operating Margin %
- 10.19%
- Net Margin %
- 4.23%
- ROE %
- 10.91%
- ROCE %
- 13.26%
- 5.33%
- Debtor Days
- 38
- Inventory Days
- 46
- Payable Days
- 83
- 2
- Debt to Equity (x)
- 0.46x
- Interest Coverage (x)
- 7.05x
- 0.95x
- Revenue Growth %
- 9.95%
- Operating Profit Growth %
- 0.93%
- Net Profit Growth %
- 3.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 55.53
- Book Value (₹)
- 682.47
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 124.03
- Operating Margin %
- 11.13%
- Net Margin %
- 3.33%
- ROE %
- 8.15%
- ROCE %
- 10.23%
- 3.40%
- Debtor Days
- 38
- Inventory Days
- 51
- Payable Days
- 104
- -16
- Debt to Equity (x)
- 0.69x
- Interest Coverage (x)
- 2.93x
- 0.78x
- Revenue Growth %
- -1.22%
- Operating Profit Growth %
- 7.91%
- Net Profit Growth %
- -22.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 102.26
- Book Value (₹)
- 782.38
- Dividend per Share (₹)
- 18.00
- Cash EPS (₹)
- 186.21
- Operating Margin %
- 13.32%
- Net Margin %
- 5.46%
- ROE %
- 13.96%
- ROCE %
- 13.76%
- 5.50%
- Debtor Days
- 38
- Inventory Days
- 49
- Payable Days
- 130
- -43
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 3.61x
- 0.73x
- Revenue Growth %
- 12.23%
- Operating Profit Growth %
- 34.28%
- Net Profit Growth %
- 84.16%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 13.43
- Book Value (₹)
- 778.81
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 121.01
- Operating Margin %
- 7.83%
- Net Margin %
- 0.58%
- ROE %
- 1.72%
- ROCE %
- 5.75%
- 0.64%
- Debtor Days
- 41
- Inventory Days
- 47
- Payable Days
- 121
- -33
- Debt to Equity (x)
- 0.66x
- Interest Coverage (x)
- 1.38x
- 0.71x
- Revenue Growth %
- 22.97%
- Operating Profit Growth %
- -27.69%
- Net Profit Growth %
- -86.87%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 50.99
- Book Value (₹)
- 827.10
- Dividend per Share (₹)
- 12.00
- Cash EPS (₹)
- 167.00
- Operating Margin %
- 9.02%
- Net Margin %
- 1.83%
- ROE %
- 6.35%
- ROCE %
- 9.65%
- 2.24%
- Debtor Days
- 40
- Inventory Days
- 39
- Payable Days
- 110
- -31
- Debt to Equity (x)
- 0.62x
- Interest Coverage (x)
- 2.15x
- 0.64x
- Revenue Growth %
- 20.95%
- Operating Profit Growth %
- 39.31%
- Net Profit Growth %
- 279.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 161.76
- Book Value (₹)
- 976.79
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 287.43
- Operating Margin %
- 13.92%
- Net Margin %
- 5.50%
- ROE %
- 17.93%
- ROCE %
- 20.65%
- 6.78%
- Debtor Days
- 40
- Inventory Days
- 35
- Payable Days
- 122
- -48
- Debt to Equity (x)
- 0.40x
- Interest Coverage (x)
- 4.25x
- 0.61x
- Revenue Growth %
- 5.59%
- Operating Profit Growth %
- 65.56%
- Net Profit Growth %
- 217.21%
- 217.21%
- P/E (x)
- 16.55x
- P/B (x)
- 2.74x
- Dividend Yield %
- 1.12%
- 7.37x
Mar 2025
- EPS (₹)
- 119.18
- Book Value (₹)
- 1059.53
- Dividend per Share (₹)
- 30.00
- Cash EPS (₹)
- 258.19
- Operating Margin %
- 11.26%
- Net Margin %
- 3.66%
- ROE %
- 11.71%
- ROCE %
- 15.78%
- 4.61%
- Debtor Days
- 41
- Inventory Days
- 35
- Payable Days
- 113
- -37
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 3.35x
- 0.65x
- Revenue Growth %
- 10.76%
- Operating Profit Growth %
- -9.66%
- Net Profit Growth %
- -26.32%
- -26.32%
- P/E (x)
- 24.17x
- P/B (x)
- 2.72x
- Dividend Yield %
- 1.04%
- 8.91x
Mar 2026
- EPS (₹)
- 200.92
- Book Value (₹)
- 1251.55
- Dividend per Share (₹)
- 35.00
- Cash EPS (₹)
- 362.69
- Operating Margin %
- 13.42%
- Net Margin %
- 5.34%
- ROE %
- 17.39%
- ROCE %
- 20.30%
- 6.55%
- Debtor Days
- 41
- Inventory Days
- 37
- Payable Days
- 120
- -43
- Debt to Equity (x)
- 0.59x
- Interest Coverage (x)
- 4.03x
- 0.65x
- Revenue Growth %
- 15.51%
- Operating Profit Growth %
- 43.06%
- Net Profit Growth %
- 68.58%
- 68.58%
- P/E (x)
- 16.14x
- P/B (x)
- 2.59x
- Dividend Yield %
- 1.08%
- 7.39x
Documents
Announcements
- Loss of Share Certificates
2026-08-21 - CEAT Limited has informed the Exchange about Loss of Share Certificates
- Action(s) taken or orders passed
2026-08-19 - CEAT Limited has informed the Exchange about Action(s) taken or orders passed
Annual Reports
Nothing filed yet.
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