Ceat Ltd

500878

Summary

Fair Value Assessment
Undervalued (7% Discount)
Fair ValueQ3,146.28UncertaintyHigh
Close Price2,914.00Mar 25, 2025
Market Closed
2,888.10
Price Down by 25.90 | 0.89 %
Previous Close
2,914.00
Day Range
2,862.00 – 2,956.40
Year Range
2,211.00 – 3,581.45
Bid / Ask
Market Cap
116.8 Bil
Volume / Average
5.1 k / 5.7 k
Beta (5-Year)
0.84
Shares Outstanding
40.45 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Ceat Ltd is a tyre manufacturer that operates within the RPG Group. It is engaged in the manufacturing and selling of automotive tyres, tubes, and flaps and has a diverse product portfolio encompassing truck tyres, tyres for off-the-road (OTR) vehicles, and light commercial vehicle categories. Tyres are built to meet a range of specifications, such as ride comfort and low noise for European regulation requirements, in addition to builds that permit higher life targets for more industrial use. Geographically, the company generates a majority of its revenue within India and also caters to international markets.
Contact
463, Dr. Annie Besant Road RPG House, Mumbai, MH 400030
T +91 2224930621
www.ceat.com opens in a new tab
Sector
Consumer Cyclical
Industry
Auto Parts
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
11,324

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
126.27 117.82 111.49 91.43 75.36 66.83
Revenue Growth %
8.29% 5.67% 21.93% 21.33% 12.76% -3.41%
Gross Profit
47.09 47.58 36.70 30.21 31.92 27.06
Gross Profit Margin %
37.29% 40.39% 32.91% 33.04% 42.36% 40.49%
Operating Income
9.32 11.44 5.07 2.92 6.77 4.56
Operating Margin %
7.38% 9.71% 4.55% 3.19% 8.99% 6.82%
EBIT
9.09 11.17 4.80 2.91 6.46 4.44
EBIT Margin %
7.20% 9.48% 4.31% 3.18% 8.57% 6.65%
EBITDA
14.55 16.26 9.49 7.26 9.86 7.21
EBITDA Margin %
11.52% 13.80% 8.52% 7.94% 13.08% 10.78%
Net Income
4.82 6.43 1.86 0.71 4.32 2.31
Net Profit Margin %
3.76% 5.39% 1.64% 0.77% 5.74% 3.44%
Basic EPS
119.08 158.87 46.03 17.60 106.81 57.17
Diluted EPS
119.08 158.87 46.03 17.60 106.81 57.17
Normalized EPS
126.51 166.98 49.52 21.12 113.39 60.88
Total Dividends per Share
30.00 12.00 3.00 18.00 24.00
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
107.98 99.95 96.28 91.60 81.32 73.53
Total Liabilities
65.89 59.42 61.71 58.64 47.92 44.21
Total Debt
20.84 17.92 22.95 22.29 15.33 20.35
Total Equity
42.09 40.52 34.57 32.96 33.40 29.32
Cash And Cash Equivalents
0.40 0.55 0.61 0.24 0.36 0.27
Working Capital
-18.38 -15.94 -14.56 -10.22 -8.06 -4.72
Shares Outstanding (Bil)
0.04 0.04 0.04
Book Value Per Share
999.41 850.34 809.10 819.85 718.89
Total Debt To Equity
0.50 0.44 0.66 0.68 0.46 0.69
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
13.61 17.19 12.05 6.19 13.58 9.56
Cash From Investing Activities
-8.73 -8.54 -8.49 -9.44 -6.18 -10.76
Cash From Financing Activities
-4.79 -8.71 -3.20 3.13 -7.31 0.79
Capital Expenditures
8.67 8.79 9.59 6.39 11.18
Free Cash Flow
3.18 -1.04 -4.61 1.04 -6.13
Change in Cash
0.08 -0.05 0.37 -0.12 0.09 -0.40

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Arnab Banerjee (60) Director, Managing Director and Chief Executive officer
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
Mirae Asset Large & Midcap Gr 3.58 1.09 1,449,738
Feb 28, 2025
HDFC Mid-Cap Opportunities Gr 2.66 0.40 1,075,866
Feb 28, 2025
Mirae Asset Midcap Reg Gr 2.15 1.59 867,747
Feb 28, 2025
Mirae Asset ELSS Tax Saver Reg Gr 2.09 0.95 843,783
Feb 28, 2025
Tata Equity P/E Reg Gr 0.99 1.36 401,266
Feb 28, 2025
Total (for Top 5) 11.47 4,638,400

© Copyright 2025 Morningstar, Inc. All rights reserved.
Terms of Use    Privacy Policy
© Copyright 2025 Morningstar, Inc. All rights reserved. Please read our Terms of Use above. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
As of December 1st, 2023, the ESG-related information, methodologies, tools, ratings, data and opinions contained or reflected herein are not directed to or intended for use or distribution to India-based clients or users and their distribution to Indian resident individuals or entities is not permitted, and Morningstar/Sustainalytics accepts no responsibility or liability whatsoever for the actions of third parties in this respect.
Company: Morningstar India Private Limited; Regd. Office: 9th floor, Platinum Technopark, Plot No. 17/18, Sector 30A, Vashi, Navi Mumbai – 400705, Maharashtra, India; CIN: U72300MH2004PTC245103; Telephone No.: +91-22-61217100; Fax No.: +91-22-61217200; Contact: Morningstar India Help Desk (e-mail: helpdesk.in@morningstar.com) in case of queries or grievances.
Top