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65% Buy

CEAT Share Price

CEATLTD

₹2,575.15-₹43.25 (-1.65%) TodayLast updated on 23 Jul, 2024 | 15:59 IST
₹2,498.60₹2,643.95
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Company overview

Financial performance

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Market cap

Market Cap Switch₹11,263 Crs

Open

₹2,618.40

Close

₹2,618.40

Circuit range

₹3,142.05 - ₹2,094.75

Day range

₹2,498.60 - ₹2,643.95

Year range

₹2,056.35 - ₹2,998.45

Volume

2,54,166

Avg. traded

₹2,562.67

Revenue (12m)

₹12,201 Crs

CEAT

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.

Financial Highlights

  • CEAT's revenue from operations for FY23 stood at ₹11,314 crore, up 20.84% from ₹9,363.41 crore in the FY22.
  • The company’s profit after tax (PAT) stood at ₹186.1 crore in FY23 as against 71.2 crore in FY22.
  • In FY23, the earnings before interest, taxes, depreciation and amortisation (EBITDA) increased to ₹982.03 crore from the previous year's ₹738.54 crore.
  • The earnings per share (EPS) stood at ₹46.03 in FY23 compared to ₹17.60 in the previous financial year.

CEAT Key indicators

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52 week high

₹2,998.45

52 week low

₹2,056.35

P/E ratio

16.24

P/B ratio

2.77

ROE

6.35%

ROCE

9.65%

Dividend yield

1.12%

Debt/Equity ratio

0.62

EPS

50.99

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Investment checklist: (4/6)

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Equity returns

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Dividend returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Buy

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Buy

65%

Hold

11%

Sell

24%

This analysis is based on the reviews of 17 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

9.02%

Net profit margin

1.83%

ROE

6.35%

ROA

2.24%

ROCE

9.65%

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CEAT Shareholder returns

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1 day

-2.15%

1 week

-0.16%

1 month

+3.95%

3 months

+4.17%

1 year

+7.78%

3 years

+91.61%

5 years

+205.92%

CEAT Share Price history

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DayOpenCloseDay’s change
Mon, Jul 22 2024
₹2,645.95
₹2,618.40
-2.15%
Fri, Jul 19 2024
₹2,799.00
₹2,675.90
-3.90%
Thu, Jul 18 2024
₹2,727.10
₹2,784.40
+2.10%
Tue, Jul 16 2024
₹2,738.45
₹2,727.15
+0.10%
Mon, Jul 15 2024
₹2,670.00
₹2,724.35
+3.88%
Fri, Jul 12 2024
₹2,645.40
₹2,622.70
-0.66%
Thu, Jul 11 2024
₹2,670.00
₹2,640.25
-0.71%
Wed, Jul 10 2024
₹2,733.95
₹2,659.25
-2.39%

Shareholding info

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Promoters (47.21%)

Mutual Funds (12.2%)

Retail and other (16.93%)

Foreign institutions-FII (18.76%)

Other domestic institutions (4.9%)

Promoters

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Events

Corporate actions

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  • Dividend • ₹12/share

    Ex date 20 Jun 2023

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  • Dividend • ₹3/share

    Ex date 10 Jun 2022

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  • Dividend • ₹30/share

    Ex date

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Frequently asked questions