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CEAT Ltd share Price Today

Company details

2,300.90
2,399.50
1,870.00
2,998.45
6M Return 13.16%
1Y Return 34.70%
Mkt Cap.(Cr) 9,677.46
Volume 187,078
Div Yield 1.23%
OI
-
OI Chg %
-
Volume 187,078

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About The Stock

    CEAT, part of RPG group is one of the India’s most reputable tyre manufacturers established in 1958. It has prominent presence in India as well as in key international markets with 7 manufacturing plants & 51,000+ sales touchpoints.

    • FY22 Channel Mix: Auto OEMs: 24%; Replacement: 56%; Exports: 20%  
    • FY22 Segment Mix: PV: 18%; CV: 40%; Farm & OHT: 14%; 2W: 28%
    • It is presently operating at ~80% capacity utilization levels
    • It has ~4,600+ dealers, 380+ CEAT exclusives, presence in >110 countries
Management Meet Highlights
    • Domestically, company is witnessing healthy demand traction from the OEM’s front with replacement demand being steady in nature. Robust demand is particularly being witnesses in the PV space with chip supply issue easing while steady MoM improvement is seen in the CV space
    • On the exports front, demand in Europe & Indonesia is muted amid negative economic scenario. Sri-Lanka on the other hand is witnessing 50-60% decline in volumes with CEAT earning steady margins (unchanged).
    • On Margins front company expects Q2FY23 to be on similar lines as Q1FY23 with recovery seen from Q3FY22 onwards. Overall company aims to achieve ~10%-12% operating margins over medium term. Replacement market business remains more lucrative in terms of margin than the OEM.
    • Over past 3 years’ company has expensed ~₹3,300 crores out of planned ~₹4,000 capex w.r.t capacity building across Chennai and Ambernath plant. Capex for FY23E is planned at ~₹900 crores while the same for FY24E is seen at ~₹ 700 crore, with peak revenue potential pegged at ₹13,000 crore.
    • Company remains committed towards keeping Debt/EBITDA at <3x.

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Auto tyres & Rubber products company Ceat announced Q4FY24 results:

Financial Highlights:

  • On a consolidated basis, the Company’s revenue closed at Rs 2,991.9 crore, EBITDA margin stood at 13.4%, a contraction of 97 bps vs Q3FY24. Net profit stood at Rs 102.3 crore. 
  • On a standalone basis, the Company’s revenue stood at Rs 2,979.2 crore and EBITDA margin stood at 13.3%, a contraction of 89 bps vs Q3FY24. Net profit stood at Rs 119.1 crore.

Commenting on the results as well asthe outlook of the business, Arnab Banerjee, MD & CEO, CEAT said, “The company ended the year on a positive note, we saw recovery in volumes in the second half of the quarter in replacement and international markets with stable margins for the quarter and significant improvement in the margins on full year basis and expect the positive momentum in Q1FY25. We have achieved commendable growth, largely attributable to share gain in passenger categories both in 2W and 4W and substantial expansion within the export segment. Overall, our profits & margins grew significantly during the year. The operating margins for the quarter includes additional provision made towards Extended Producers Responsibility (EPR) related requirement imposed on Tyre Industry by the Government of India."

Kumar Subbiah, CFO of CEAT, said, “As part of our continuous effort to bring efficiencies in cashflow, it has helped us reduce our consolidated gross debt by approximately Rs 100 crores in the quarter, supported by improved operational performance. The actual overall capex for the year was close to approx Rs 860 crore in line with our plan that we managed to fund through internal accruals. It has been a gratifying year overall, marked by positive free cash flow, significant reduction in debt, improvement in operating margins and the maintenance of healthy balance sheet leverage ratios.”

Result PDF

View Other Company Results

CEAT Ltd shares SWOT Analysis

Strengths (10)

  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (3)

  • Declining profits every quarter for the past 2 quarters
  • Declining Net Cash Flow : Companies not able to generate net cash
  • Weak Momentum: Price below Short, Medium and Long Term Averages

Opportunity (1)

  • Companies with current TTM PE Ratio less than 3 Year, 5 Year and 10 Year PE

Threats (1)

  • Increasing Trend in Non-Core Income

Resistance and support

R1 2,470.5
R2 2,501.3
R3 2,536.5
Pivot

2,435.27

S1 2,404.5
S2 2,369.3
S3 2,338.5
EMA SMA
2,416.8
2,510.2
2,513.2
2,388.1
2,431.3
2,546.9
2,602.5
2,409.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-01-25 2876.15 136869 BSE
MARSHALLWACEINVESTMENTSTRATEGIESMARKETNEUTRALTOPSFUND Block Purchase 2024-01-25 2876.15 60672 BSE
BNP PARIBAS ARBITRAGE Block Sell 2024-01-25 2876.15 136869 BSE
Name Category Shares
Instant Holdings Limited PROMOTER 29.51%
Swallow Associates Llp PROMOTER 11.09%
Stel Holdings Limited PROMOTER 3.66%
Summit Securities Limited PROMOTER 2.59%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

CEAT Ltd Stocks COMPARISON

Financials( in Cr) CEAT Ltd MRF Ltd Balkrishna Industries Ltd Apollo Tyres Ltd JK Tyre & Industries Ltd
Price 2,392.45 129,143.60 2,664.55 489.30 399.30
% Change 4.51 1.33 5.88 3.21 2.48
Mcap Cr 9,677.46 54,769.80 51,510.28 31,075.49 10,410.71
Revenue TTM Cr 11,314.88 23,008.50 9,759.53 24,568.13 14,644.94
Net Profit TTM Cr 182.39 768.96 1,057.40 1,104.64 264.74
PE TTM 14.41 26.27 36.77 17.63 14.58
1 Year Return 34.70 33.27 20.85 34.83 103.47
ROCE 9.29 7.77 14.41 9.75 10.26
ROE 6.14 5.35 14.59 8.97 9.56
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,439.64 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 45,096.27 -32,431.93
LAST 3M 105,135.14 -41,239.38
LAST 6M 172,248.08 48,806.90
LAST 12M 264,707.07 127,969.33

CEAT Ltd Information

Stock PE (TTM)
14.41
Promoter Holding
47.21%
Book Value
999.4069
ROCE
9.29%
ROE
6.14%
Description
  • CEAT Ltd is in the Tyres sector is having a Market Capitalization worth Rs. 5,173.35 crores, it is incorporated in the year 1958. It has reported consolidated sales of Rs. 2,289.72 crores in March’2021. The company is listed on the Bombay Stock Exchange (BSE) with the code 500878, and also listed on the National Stock Exchange (NSE) with the code CEATLTD.

    CEAT Ltd is an Indian international company engaged in the business of manufacturing and marketing tyres. It comes under the ownership of the RPG group. It manufactures tyres for passenger cars, trucks & buses, two-wheelers, forklifts, tractors, auto-rickshaws. It was originally formed in 1924, under the name of Cavi Elettrici e Affini Torino (meaning Electrical Cables and Allied Products of Torino) in Turin, Italy. CEAT Ltd entered the Indian markets in 1958. CEAT Ltd has a total of four subsidiaries namely, CEAT Specialty Tyres Limited Mumbai (CSTL), Rado Tyres Limited Kochi (RTL), Associated CEAT Holdings Company (Private) Limited (in Colombo Sri Lanka), CEAT AKKhan Limited (in Dhaka Bangladesh). CEAT Ltd has one joint venture and entered into a joint venture named CEAT Kelani Holdings Company (Pvt.) Ltd. The promoters of the company own 46.82% of the stake in the company, Foreign Institutional Investors (FII) own 24.01%, Domestic Institutional Investors (DII) own 13.64% stake in the company, and others (such as public & retail investors) hold the balance of 15.53%.

    In June 2021, quarterly net revenue was Rs. 1,897.76 crores, which has increased sharply by approximately 70.03 % from Rs. 1,116.15 crores for the April-June 2020 quarter. The quarterly net profit in June 2021 was Rs. 19.95 crores, which has improved sharply and increased by nearly 177.03% from a net loss of Rs. 25.9 crores in June 2020. In June 2021, the reported operating profit was at Rs. 1,508.46 crores, which is also increased by 65.10% as compared to an operating profit of Rs. 913.67 crores for the quarter ending in June 2020. From a negative EPS of Rs. 6.4 in June 2020, the EPS of CEAT Ltd has improved and reached a positive EPS of Rs. 4.93 per share in June 2021. CEATLTD's stock closed at Rs. 1,278.95 on 25th August’2021 (NSE). CEAT Ltd has given a negative return of 19.02% in the last six months and returned 45.29% positively in the previous year.

Registered Address

463 Dr Annie Besant Road, Worli, Mumbai, Maharashtra, 400030

Tel : 91-22-24930621
Email : investors:ceat.com
Website : http://www.ceat.com
Registrar

TSR Consultants P Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 500878
NSE Code : CEATLTD
Book Closure Date (Month) :
BSE Group : A
ISIN : INE482A01020

FAQ’s on CEAT Ltd Shares

You can buy CEAT Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy CEAT Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2024 03:56 PM the closing price of CEAT Ltd was Rs.2,392.45.

Market capitalization or market cap is determined by multiplying the current market price of a company�s shares with the total number of shares outstanding. As of May 17, 2024 03:56 PM, the market cap of CEAT Ltd stood at Rs. 9,677.46.

The latest PE ratio of CEAT Ltd as of May 17, 2024 03:56 PM is 14.41

The latest PB ratio of CEAT Ltd as of May 17, 2024 03:56 PM is 0.42

The 52-week high of CEAT Ltd share price is Rs. 2,998.45 while the 52-week low is Rs. 1,870.00

According to analyst recommendations, CEAT Ltd Share has a "Buy" rating for the long term.

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