Ceat Ltd.

NSE: CEATLTD BSE: 500878 SECTOR: Tyres & Allied  110k   563   72

1891.55
-35.65 (-1.85%)
NSE: Today, 02:54 PM

Price Summary

Today's High

₹ 1931.3

Today's Low

₹ 1885.45

52 Week High

₹ 2185

52 Week Low

₹ 890

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

7651.34 Cr.

Enterprise Value

9706.07 Cr.

No. of Shares

4.05 Cr.

P/E

37.09

P/B

2.29

Face Value

₹ 10

Div. Yield

0.62 %

Book Value (TTM)

₹  827.09

CASH

16.67 Cr.

DEBT

2071.4 Cr.

Promoter Holding

47.21 %

EPS (TTM)

₹  50.99

Sales Growth

22.97%

ROE

1.72 %

ROCE

5.81%

Profit Growth

-86.87 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

Your Added Ratios

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Brands

These are the brands of Ceat Ltd.

Gripp ZOOM CZAR MILAZE SECURADRIVE BULAND AAYUSHMAAN MILE

Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

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* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year22.97%
3 Year10.88%
5 Year10.31%

Profit Growth

1 Year-86.87%
3 Year-42.71%
5 Year-31.59%

ROE%

1 Year1.72%
3 Year7.94%
5 Year9.25%

ROCE %

1 Year5.81%
3 Year9.93%
5 Year11.81%

Debt/Equity

0.6575

Price to Cash Flow

12.1

Interest Cover Ratio

1.37359129383313

CFO/PAT (5 Yr. Avg.)

3.35563913950849

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 47.21 0
Dec 2022 47.21 0
Sep 2022 47.21 0
Jun 2022 47.21 0
Mar 2022 47.11 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has an efficient Cash Conversion Cycle of -33.464342214836 days.
  • The company has a good cash flow management; CFO/PAT stands at 3.35563913950849.

 Limitations

  • The company has shown a poor profit growth of -42.7082119065138% for the Past 3 years.
  • The company has shown a poor revenue growth of 10.8807947448093% for the Past 3 years.
  • Company has a poor ROE of 7.94426000169921% over the past 3 years.
  • The company is trading at a high PE of 37.09.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 2576.43 2803.08 2886.37 2711.07 2862.74
Total Expenditure 2391.11 2638.86 2680.51 2474.47 2492.16
Operating Profit 185.32 164.22 205.86 236.6 370.58
Other Income 4.57 2.76 30.74 2.93 2.23
Interest 55.97 51.4 56.78 64.98 65.88
Depreciation 109.54 111.38 115.11 117.46 125.3
Exceptional Items -5.88 -0.71 -23.7 -0.45 -8.56
Profit Before Tax 18.5 3.49 41.01 56.64 173.07
Tax 5.21 0.94 11.1 14.83 41.07
Profit After Tax 13.29 2.55 29.91 41.81 132
Adjusted EPS (Rs) 3.29 0.63 7.39 10.34 32.63

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 6213 6831.3 6747.86 7572.79 9312.63
Total Expenditure 5595.18 6191.86 6030.14 6620.28 8613.38
Operating Profit 617.82 639.44 717.72 952.51 699.25
Other Income 71.78 56.59 33.4 56.07 32.79
Interest 91.86 67.71 151.8 176.04 206.75
Depreciation 161.68 174.3 277.11 339.58 435.14
Exceptional Items -26.4 -44.25 -29.84 -34.06 -12.91
Profit Before Tax 409.66 409.77 292.37 458.9 77.24
Tax 130.94 120.86 67.76 45.26 22.91
Net Profit 278.72 288.91 224.61 413.64 54.33
Adjusted EPS (Rs.) 68.9 71.42 55.53 102.26 13.43

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 40.45 40.45 40.45 40.45 40.45
Total Reserves 2506.37 2710.59 2720.15 3124.29 3109.82
Borrowings 272.3 1002.72 1640.78 1341.04 1719.16
Other N/C liabilities 215.18 249.15 465.66 390.11 471.19
Current liabilities 1734.89 2058.95 2265.5 3025.57 3626.89
Total Liabilities 4769.19 6061.86 7132.54 7921.46 8967.51
Assets
Net Block 2464.75 2846.31 4159.52 4763.18 5328.94
Capital WIP 152.47 718.89 983.94 702.88 761.59
Intangible WIP 9.39 30.55 17.81 25 46.61
Investments 279.99 313.01 110.83 118.11 126.02
Loans & Advances 113.6 186.61 93.51 108.34 120.94
Other N/C Assets 1.71 1.81 4.74 3.43 3.08
Current Assets 1747.28 1964.68 1762.19 2200.52 2580.33
Total Assets 4769.19 6061.86 7132.54 7921.46 8967.51
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 409.66 409.77 292.37 458.9 77.24
Adjustment 216.69 207.05 418.4 508.15 628.13
Changes in Assets & Liabilities 213.49 -5.71 272.08 429.97 -58.24
Tax Paid -95.61 -78.36 -14.52 -45.85 -14.8
Operating Cash Flow 744.23 532.75 968.33 1351.17 632.33
Investing Cash Flow -419.82 -1052.08 -1127.74 -626.18 -950.22
Financing Cash Flow -269.02 503.95 125.88 -727.88 311.33
Net Cash Flow 55.39 -15.38 -33.53 -2.89 -6.56

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 47.11 47.21 47.21 47.21 47.21
instant holdings l... 29.21 29.21 29.14 28.46 28.46
swallow associates... 11.09 - - 11.09 11.09
swallow associates... - 11.09 11.09 - -
societe ceat d inv... 3.84 - 4.41 4.41 -
societe ceat d inv... - - - - 4.41
stel holdings limi... 3.50 3.50 3.39 3.39 3.39
summit securities ... 2.51 - - - 2.37
summit securities ... - 2.51 2.37 2.37 -
chattarpati apartm... - - - 0.68 0.68
harsh vardhan goen... 0.33 0.33 0.33 0.33 0.33
anant vardhangoenka 0.04 - - - -
anant vardhan goen... - 0.04 0.04 0.04 0.04
anant vardhan gone... - - - - -
PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 52.89 52.79 52.79 52.79 52.79
amansa holdings pr... 7.89 7.96 3.35 3.58 3.47
mirae asset emergi... 2.66 3.58 4.36 3.60 3.64
jwalamukhi investm... 6.31 6.16 7.37 8.04 8.04
mirae asset emergi... - - - - -
india opportunitie... - 4.41 - - -
mirae asset mutual... - - - - -
westbridge crossov... 3.51 3.51 3.51 3.51 3.51
westbridge crossov... - - - - -
tata india consume... - - 1.40 - 1.08
tata mutual fund - - - - -
the new india assu... 1.29 1.78 - - -
tata mutual fund- ... 2.06 1.73 - - -
mirae asset india ... 1.26 1.26 1.07 - -
tata india consume... - - - - -
crestwood capital ... - - - - -
columbia variable ... - - - 1.07 -
tata aia life insu... - - - - -
tata aia life insu... - - - - -
ishares core emerg... - - - - -
iepf 0.55 0.63 0.51 - 0.51
llp 0.01 - - - 0.03
limited liability ... - - - 0.02 -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

CEAT’s division gets 5 star rating for Ambernath facility in British Safety Council Audit12 May 2023, 12:41PM Ceat informs about newspaper publication 5 May 2023, 4:52PM Ceat reports over 5-fold jump in Q4 consolidated net profit5 May 2023, 10:46AM CEAT - Quaterly Results4 May 2023, 6:28PM CEAT - Quaterly Results4 May 2023, 6:28PM CEAT’s Division inks agreement with CNH Industrial to supply agricultural radial tires 16 Mar 2023, 2:58PM CEAT informs about loss of share certificate9 Mar 2023, 2:53PM CEAT informs about analyst meet27 Feb 2023, 3:04PM Ceat turns black in Q3FY2327 Jan 2023, 2:31PM CEAT - Quaterly Results25 Jan 2023, 5:40PM CEAT - Quaterly Results25 Jan 2023, 5:40PM CEAT - Quaterly Results25 Jan 2023, 5:40PM CEAT informs about loss of share certificate29 Nov 2022, 5:14PM Ceat reports 85% fall in Q2 consolidated net profit8 Nov 2022, 11:29AM CEAT - Quaterly Results7 Nov 2022, 3:39PM CEAT - Quaterly Results7 Nov 2022, 3:39PM CEAT - Quaterly Results7 Nov 2022, 3:39PM Ceat informs about earnings call1 Nov 2022, 12:26PM Ceat informs about rescheduling of board meeting29 Oct 2022, 4:01PM Cyient reports 35% fall in Q2 consolidated net profit14 Oct 2022, 11:58AM CEAT invests in Taabi Mobility 13 Oct 2022, 6:06PM CEAT raises Rs 150 crore via NCDs20 Sep 2022, 9:09AM Ceat informs about details of loss of certificate 26 Aug 2022, 4:47PM Ceat informs about loss of share certificate23 Aug 2022, 4:26PM Ceat informs about loss of share certificate22 Aug 2022, 3:20PM CEAT planning to expand tyre sales network19 Aug 2022, 12:47PM CEAT to make further investment of Rs 3.50 crore in Greenzest1 Aug 2022, 11:12AM Ceat reports 62% fall in Q1 consolidated net profit21 Jul 2022, 11:07AM CEAT gets nod to raise Rs 500 crore via NCDs 21 Jul 2022, 9:07AM CEAT - Quaterly Results20 Jul 2022, 5:50PM CEAT - Quaterly Results20 Jul 2022, 5:50PM CEAT - Quaterly Results20 Jul 2022, 5:50PM CEAT informs about annual report7 Jun 2022, 12:53PM CEAT reports 83% fall in Q4 consolidated net profit6 May 2022, 11:47AM CEAT - Quaterly Results5 May 2022, 6:05PM CEAT - Quaterly Results5 May 2022, 6:05PM CEAT incorporates wholly owned subsidiary company21 Apr 2022, 5:36PM Ceat informs about loss of share certificates10 Feb 2022, 4:30PM CEAT informs about CCI order3 Feb 2022, 1:59PM Ceat reports consolidated net loss of Rs 20 crore in Q320 Jan 2022, 10:43AM CEAT - Quaterly Results19 Jan 2022, 6:34PM CEAT - Quaterly Results19 Jan 2022, 6:34PM CEAT informs about clarification29 Dec 2021, 2:38PM Ceat informs about transcript of the results earnings call6 Nov 2021, 10:49AM Ceat reports 77% fall in Q2 consolidated net profit26 Oct 2021, 11:58AM CEAT inks pact to acquire additional 1.83% stake in Tyresnmore Online 4 Oct 2021, 9:40AM CEAT signs LLP agreement for making investment in Cleanwin Energy Five14 Sep 2021, 11:28AM CEAT aiming to increase production capacity 26 Jul 2021, 9:48AM Ceat turns black in Q1 22 Jul 2021, 1:28PM CEAT inks pact with Adobe 21 Jul 2021, 9:17AM

CEAT Stock Price Analysis and Quick Research Report. Is CEAT an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). CEAT has a PE ratio of 37.1389014721426 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. CEAT has ROA of 0.64337848903752 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. CEAT has a Current ratio of 0.711444240106538 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. CEAT has a ROE of 1.72066235841273 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. CEAT has a D/E ratio of 0.6575 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. CEAT has an Inventory turnover ratio of 7.76372753760926 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - CEAT has reported revenue growth of 22.9748877230189 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of CEAT for the current financial year is 7.50862001389511 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for CEAT is Rs 3 and the yield is 0.6326 %.

Brief about CEAT

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