CEAT Limited is an Indian tyre manufacturing company. Founded in 1924, it is owned by Rama Prasad Goenka Group and is one of the biggest players in the Indian tyre industry.
The market capitalisation of CEAT Limited is ₹9,661 crore as of December 26, 2023. CEAT share price has gained over 120% in three years.
Business operations
Apart from tyres, CEAT Ltd also produces and markets tubes and flaps. Its extensive product portfolio includes tyres designed for two-wheelers, three-wheelers, four-wheelers, tractors, tippers and trucks. The company's products reach over 110 countries.
CEAT operates across seven plants in India and Sri Lanka, employing over 8,000 people. The company runs six manufacturing plants situated in Nashik, Mumbai, Ambernath (Maharashtra), Nagpur, Halol (Gujarat) and Chennai. They specialise in making a diverse range of tyres for various user segments. The company has strategic plans to establish two new plants: one in Maharashtra dedicated to specialty tyres and another focused on radial tyres for cars, utility vehicles and trucks.
CEAT boasts a network comprising over 400 exclusive outlets, along with a vast presence across 4,500 dealers and more than 51,000 sub-dealers.
The company has a wide distribution network spanning key regions in Europe, the USA, South America, Southeast Asia and Africa. CEAT provides a variety of off-highway tyres (OTR) and speciality tyres.
CEAT Specialty is the company’s division that makes off-highway and agricultural tyres. These speciality tyres cover diverse segments including those designed for farming, mining, industrial and construction equipment, earthmovers and specialised off-road applications. The company's new greenfield plant in Ambernath spread over 50 acres, has been designed to cater to an expanding global market for agri-radial and OTR products.
CEAT has strong ties with original equipment manufacturers (OEMs) and has formed solid partnerships with over 50 OEMs in India. CEAT also secured 39 new OEM approvals in FY23.
By the end of the financial year 2022-23, the company had seven key subsidiaries: Rado Tyres, CEAT Auto Components Limited, Taabi Mobility Limited, Associated CEAT Holdings Company (Private) Limited in Colombo, CEAT Akkhan Ltd in Dhaka, CEAT Specialty Tyres BV in the Netherlands, and CEAT Specialty Tires Inc in the USA.
CEAT promoters RPG Group is a business conglomerate that operates across various sectors including tyres, infrastructure, information technology, pharmaceuticals, energy and plantations. Founded by the renowned industrialist RP Goenka, the group owns multiple companies in key sectors.
CEAT Financial Highlights
- Revenue: CEAT reported revenue of ₹15,718.38 crore in FY26 vs ₹13,235.42 crore in FY25. It showed an increase of 18.76% on a yearly basis.
- Operating Profit: CEAT reported an operating profit of ₹960.31 crore in FY26 vs ₹621.60 crore in FY25. It showed an increase of 54.49% on a year-on-year basis.
- Net Profit: CEAT reported a net profit of ₹681.44 crore in FY26 vs ₹449.57 crore in FY25. It showed an increase of 51.58% on a yearly basis.
CEAT Quarterly Result Highlights
- CEAT reported revenue of ₹4,244.63 crore in Mar 2026, compared with ₹4,163.10 crore in Dec 2025, representing an increase of 1.96% on a quarter-on-quarter (QoQ) basis.
- CEAT reported an operating profit of ₹339.78 crore in Mar 2026, compared with ₹218.34 crore in Dec 2025, representing an increase of 55.62% on a quarter-on-quarter (QoQ) basis.
- CEAT reported a profit of ₹238.39 crore in Mar 2026, compared with ₹150.73 crore in Dec 2025, reflecting an increase of 58.16% on a QoQ basis.
- The earnings per share (EPS) of CEAT stood at ₹116.85 during Mar 2026.
