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Ceat Ltd (CEATLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500878 NSE: CEATLTD Tyres & Allied | Small Cap | Ceat Share Price

₹3,468.20 35.40 (1.03%)

As on 18-Sep'26 16:59

Ceat Ltd (CEATLTD)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500878 NSE: CEATLTD Tyres & Allied | Small Cap | Ceat Share Price

₹3,468.20 35.40 (1.03%)

As on 18-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹14,029 Cr.
Current Price
₹3,468.2
52-Week Low / High
₹3,061 / 4,432
TTM EPS
₹145.8
TTM Sales
₹16,467 Cr.
Book Value per Share
₹1,246.1
P/E Ratio
23.80
In line with its 5-year historical median
Industry PE
21.3
Price to Book (P/B)
2.78
Higher than its 5-year historical median
Price to Sales (P/S)
0.85
In line with its 5-year historical median
EV/EBITDA
8.23
In line with its 5-year historical median
Dividend Yield
1.01%
Profitability Efficiency
Return on Equity (ROE)
14.82%
Outperforms industry median
Return on Capital Employed (ROCE)
18.60%
Outperforms industry median
Return on Assets (ROA)
5.55%
Operating Profit Margin
13.2%
Net Profit Margin
4.45%
Gross Profit Margin
11%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
15.51%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
39.19%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
47.92%
Asset Quality
Promoter Holding
47.29%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹5,000 Cr.
Equity
₹40.5 Cr.
Face Value
₹10
All Time Low / High
₹13.42 / 4431.60

Ceat stock performance

Key Ratios
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Quality

Somewhat Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Ceat Ltd a good quality company?
Ceat Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does Ceat Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Ceat Ltd vs industry peers?
Ceat Ltd revenue CAGR is 15.55%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Ceat Ltd?
Promoters hold 47.29% of the Ceat Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Ceat Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 11.8% based on the current price.
View More

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Ceat Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % ⓘ19.5%16%13.3%10.2%13.8%5.8%9.7%20.7%15.8%20.3%-
Value Creation
Index ⓘ		0.40.2-0.1-0.30.0-0.6-0.30.50.20.5-

Growth Parameters ⓘ
Sales ⓘ5,7026,2136,8316,7487,5739,31311,26311,89313,17215,21515,857
Sales YoY Gr.-9%10%-1.2%12.2%23%21%5.6%10.8%15.5%-
Adj EPS ⓘ92.373.375.260.5109.617.456.7169.1124.5205.9191.7
YoY Gr.--20.6%2.6%-19.5%81.3%-84.2%226.2%198.3%-26.4%65.5%-
BVPS (₹) ⓘ570.1629.6680.1682.5782.4778.8827.1976.81,059.51,251.61,275.8
Adj Net
Profit ⓘ		37329630424544370.3229684503833775
Cash Flow from Ops. ⓘ3447445339681,3516321,2151,7241,0831,840-
Debt/CF from Ops. ⓘ2.30.92.4213.31.70.91.81.6-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘ11.5%15%10.5%15.5%
Adj EPS ⓘ9.3%13.4%53.7%65.5%
BVPSⓘ9.1%9.9%14.8%18.1%
Share Price 11.8% 21.4% 17.9% 2.3%

Key Financial Parameters ⓘ

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity % ⓘ		17.612.211.58.9152.27.118.812.217.815.2
Op. Profit
Mgn % ⓘ		11.810.19.510.712.77.68.713.911.313.512.8
Net Profit
Mgn % ⓘ		6.64.84.53.65.90.825.83.85.54.9
Debt to
Equity ⓘ		0.30.30.50.70.40.70.60.40.50.6-
Working Cap
Days ⓘ		93102103106999787828510146
Cash Conv.
Cycle ⓘ		28323020350-9-4-7-26

Valuation of Ceat - Consolidated

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales5,7676,2836,9856,7797,6109,36311,31511,94313,21815,678
Operating Expenses ⓘ + 5,1025,6776,3386,0546,6488,65710,34310,29211,74713,631
Manufacturing Costs6606497466547108269079389951,194
Material Costs3,4003,8104,1823,9154,2666,0287,3856,9248,2329,502
Employee Cost 4064385305426756947358468561,071
Other Costs ⓘ 6367818819449961,1101,3151,5841,6641,863
Operating Profit ⓘ 6646066467259627069721,6521,4712,047
Operating Profit Margin (%) 11.5%9.6%9.3%10.7%12.6%7.5%8.6%13.8%11.1%13.1%
Other Income ⓘ + 19444023381519202140
Exceptional Items ⓘ -13-34-45-30-34-13-33-58-30-71
Interest ⓘ 9010493154179207242269278359
Depreciation ⓘ 143169193277340435469509563697
Profit Before Tax ⓘ 46636737630448495254857643976
Tax ⓘ 10613412574522472221172279
Profit After Tax 35923325123043271182635471697
PAT Margin (%) 6.2%3.7%3.6%3.4%5.7%0.8%1.6%5.3%3.6%4.5%
Adjusted EPS (₹)89.358.862.457.2106.817.646.0158.9116.9172.6
Dividend Payout Ratio (%)12.90%19.60%19.30%21%16.90%17%26.10%18.90%25.70%20.30%
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 2,4152,6062,7662,9083,3163,2733,4404,0434,3695,042
Share Capital ⓘ 40404040404040404040
Reserves ⓘ 2,3752,5662,7262,8673,2763,2323,3994,0024,3285,001
Debt +9106471,4471,8771,3621,9591,6881,2951,5442,541
Long Term Debt8524511,2231,6411,3411,7191,4419579241,504
Short Term Debt58196224236212402473386211,037
Minority Interest292324242324171088
Trade Payables7588711,0531,1951,8392,1582,2682,3322,7403,448
Others Liabilities ⓘ 8041,0001,1151,3491,5901,7542,2152,3152,5532,874
Total Liabilities ⓘ 4,9175,1466,4047,3528,1319,1669,6289,99511,21413,913

Fixed Assets

Net Fixed Assets ⓘ +2,4532,7093,1804,1604,7635,3296,0966,2716,9848,439
Gross Block2,7023,1123,7664,9795,9216,7667,9698,6359,68511,811
Accumulated Depreciation2494035878201,1581,4361,8722,3642,7003,373
CWIP ⓘ 3263108331,069793876596684538638
Investments ⓘ 232214181184210179170182190222
Inventories9437851,0069261,1301,3101,1381,1501,4121,783
Trade Receivables6147477066749221,1541,3071,2831,6531,839
Cash Equivalents 36867434433672595343
Others Assets ⓘ 313296425306270282249365385948
Total Assets ⓘ 4,9175,1466,4047,3528,1319,1669,6289,99511,21413,913
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 3356725619561,3586191,2051,7191,0921,786
PBT ⓘ 43734435628744866246836622960
Adjustment ⓘ 2162522634295106467017798521,067
Changes in Working Capital ⓘ -21717423258452-74221267-291-61
Tax Paid ⓘ -102-98-81-18-51-2038-163-91-180
Cash Flow From Investing Activity ⓘ + -543-412-1,060-1,076-618-944-849-854-922-2,271
Capex -582-484-1,107-1,110-635-956-878-867-943-1,146
Net Investments 336138-7-7-7-2-120-1,151
Others ⓘ 611941241931252027
Cash Flow From Financing Activity ⓘ + 219-20248479-731313-320-871-177477
Net Proceeds from Shares ⓘ 0000000000
Net Proceeds from Borrowing ⓘ 284-190598419-296461-12-55517666
Interest Paid ⓘ -76-97-89-192-163-194-209-267-245-311
Dividend Paid ⓘ -1-47-44-96-0-75-13-49-121-121
Others ⓘ 1213220-51-272121-86-0172243
Net Cash Flow ⓘ 1058-15-409-1237-5-7-8
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)16.079.299.358.1113.892.145.4316.9811.2114.82
ROCE (%)18.3313.8212.1210.0713.855.979.120.115.3918.6
Asset Turnover Ratio1.431.281.210.990.981.081.21.221.251.25
PAT to CFO Conversion(x)0.932.882.244.163.148.726.622.712.322.56
Working Capital Days
Receivable Days34.2038.503837.2038.3040.5039.7039.6040.5040.70
Inventory Days44.9048.9046.805249.3047.6039.503535.4037.20
Payable Days74.807883.90104.80129.80121109.40121.30112.50118.90

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Ceat Ltd FAQs

The current trading price of Ceat on 18-Sep-2026 16:59 is ₹3,468.2.

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 17-Sep-2026 the market cap of Ceat stood at ₹14,028.9 Cr

The latest P/E ratio of Ceat as of 17-Sep-2026 is 18.09.

The latest P/B ratio of Ceat as of 17-Sep-2026 is 2.72.

The 52-week high of Ceat is ₹4,431.6 and the 52-week low is ₹3,061.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ceat is ₹15,857 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Ceat Ltd is a average quality company.

The key valuation ratios of Ceat Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ceat Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Ceat Ltd

Founded in 1958, CEAT is one of India’s leading tyre brands and the flagship company of the RPG GROUP. Driven by the purpose of helping the world move safely and smartly, CEAT provides world-class products and services across many countries.

On the back of its innovative and agile methods and the drive to experiment, the company has become one of the largest Indian manufacturer of high-performance tyres for all vehicle segments. It seeks to sustain growth and deliver future-ready products and solutions that are safer, smarter and better in every respect.

The company builds best-in-class products through a culture of continuous innovation. The company’s tyres are durable and provide a secure grip, thereby ensuring the safety of its customers on the road, every day. The company is expanding its reach and distribution, introducing differentiated products and creating strong brand associations and social media presence.

Business area of the company

The Company is primarily engaged in business of manufacturing and sales of Automotive Tyres, Tubes & Flaps

Products

  • Passenger Car Tyres
  • Two Wheeler Tyres
  • Truck-Bus Radial Tyres
  • Off-Highway Tyres
  • Light Commercial Vehicle Tyres
  • Last Mile Tyres

Awards and recognitions

  • Bagged Campaign India Digital Crest Award 2019 for Leveraging Blockchain Technology to Reduce Ad Fraud.
  • Recognised amongst the top 30 manufacturing workplaces in India by Great Place to Work institute.
  • Top Export Award by All India Rubber Industries Association for Excellence in Export for FY 2018-19.
  • Won prestigious CII Award for the Most Innovative Business Practice in Customer Experience for e-Claim.
  • Bagged TISS Leapvault CLO Award for Learning & Development (L&D) Team of the Year and Best Diversity & Inclusion Training Programme.
  • Awarded Silver for the Bachao Tyre Exchange Offer campaign in exchange4media Prime Time Awards.
  • Awarded for Best Innovation in Employee Engagement and Best Use of Technology and Employee Engagement at Employee Engagement Summit and Awards 2020.
  • Awarded Gold in Best Use of AI/ML category and Silver in Best Use of Technology category at the ET DigiPlus Awards.
  • Awarded for Best Risk Management Framework and Systems in Auto Ancillary segment from CNBC-TV18.
  • Awarded as the Best Investor Relations Team for the second year in a row by IR Magazine and Forum.
  • Ranked among top 20 companies having innovative diversity policies and practices by DivHERsity Award 2020.
  • Ranked 35th amongst India’s 100 best companies to work for by the Great Place to Work Institute.

Milestones

  • 1958: CEAT was founded with its headquarter in Mumbai.
  • 1972: Research and Development Unit was set up at the company’s Bhandup works. Various type of testing machineries were installed in the laboratories.
  • 1982: The RPG group took over the control of CEAT Tyres in India.
  • 1990: The company was rechristened as CEAT.
  • 2008: CEAT logo was refreshed to align with its new vision.
  • 2009: Halol Plant operation (Primarily Passenger and Truck-Bus Radial Tyres) started.
  • 2012: Worldwide right of CEAT acquired from Pirelli.
  • 2016: Europe PCR Launch entered Italy and Spain with its newly developed.
  • 2016: Nagpur plant (Primarily two Wheeler plant) operation started.
  • 2017: 1st Indian company to receive Deming Award and received JD power Award for customer satisfaction.
  • 2017: Ambernath Plant (Primarily off Radial -Highway Tyres) operation started.
  • 2019: Expanded Truck-Bus Radial Tyres capacity at Halol Plant.
  • 2020: Chennai Plant (Primarily Passenger Radial plant) operation started.
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