Ceat Ltd.

NSE: CEATLTD · Tyres & Rubber Products

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52W Range₹3,013 – ₹4,149

Snapshot

Unlock Ceat Ltd.'s vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

CEAT Limited is a prominent Indian manufacturer of automotive tyres, tubes, and flaps for a diverse range of vehicles including two-wheelers, passenger cars, and commercial trucks. The company maintains a global presence, exporting its product portfolio to approximately 110 countries.

Business Model

The company generates revenue through the manufacturing and sale of rubber-based automotive components across both domestic and international markets. It operates as a key supplier to original equipment manufacturers and the automotive aftermarket.

  • Incorporation Year:1958

Growth Outlook

Growth is driven by the expansion of the automotive sector in India and the company's continued focus on increasing its international footprint across diverse global markets.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of natural rubber and crude oil derivatives significantly impact the company's operating margins.
  • Cyclical Automotive Demand. The company's performance is closely linked to the cyclical nature of the automotive industry and overall economic growth.
  • Intense Market Competition. The tyre industry faces stiff competition from both domestic players and low-cost international imports.
  • Foreign Exchange Risk. As an exporter to over 110 countries, the company is exposed to currency fluctuations that may affect profitability.

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Key Metrics

REVENUE

₹17,456 Cr

TTM · consolidated

+24.5%YoY

NET PROFIT

₹515 Cr

TTM · consolidated

+4.3%YoY

EPS

₹127.90

TTM · consolidated

+4.5%YoY

RETURN ON EQUITY

10.8%

TTM · consolidated

+0.0 ppYoY

RETURN ON CAPITAL EMPLOYED

16.7%

TTM · consolidated

+2.3 ppYoY

P/E

25.3×

Q2 FY27 · consolidated

25.3 vs 83.1x5Y avg

EV/EBITDA

8.1x

Q2 FY27 · consolidated

8.1 vs 11.8x5Y avg

EBITDA MARGIN

11.6%

TTM · consolidated

-0.1 ppYoY

NET PROFIT MARGIN

2.4%

Q2 FY27 · consolidated

-2.5 ppYoY

DEBT TO EQUITY

0.8%

Q2 FY27 · consolidated

+0.1 ppYoY

Peers · Tyres & Rubber Products

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Ceat Ltd.CEATLTD
₹12,488 Cr25.3×8.0724.5%11.6%10.8%16.7%-19.8%
Apollo Tyres Ltd.APOLLOTYRE
₹24,099 Cr14.4×5.9511.2%14.7%10.9%10.3%-22.3%
JK Tyre & Industries Ltd.JKTYRE
₹8,701 Cr18.6×8.3512.5%10.1%8.8%10.9%-25.1%
TVS Srichakra LimitedTVSSRICHAK
₹3,137 Cr34.0×11.4618.6%8.7%7.8%10.7%-1.6%
Goodyear India LimitedGOODYEAR
₹1,530 Cr28.9×9.250.8%5.4%8.9%11.9%-31.1%
Megamont LimitedVRWODAR
₹533 Cr328.3×491.28——-101.2%-49.1%+216.2%

As of Q2 FY27

Financials