CEATLTDAutomobile and Auto Components

CEAT Limited

Tyres & Rubber Products · ISIN INE482A01020 · BSE 500878 · NSE EQ · FV ₹10
Last price
₹3,415
+2.52%today
What this company does

CEAT Limited operates in Tyres & Rubber Products, part of the Automobile and Auto Components sector. It booked ₹4,762 cr of revenue in its latest quarter (Q2 FY27) and kept 0.5% of sales as profit. It is the 4th largest of 8 Tyres & Rubber Products companies we track, by market value.

“A US$ 5.2 billion diversified global conglomerate, RPG Group was founded in 1979 by the legendary industrialist Dr Corporate Overview R.P. Goenka and has a lineage dating to the early 19th century. Today, its businesses span key sectors of Industry About the Report 2 infrastructure, tyres, IT & technology, pharmaceuticals, energy products and plantations among others, with a footprint in over 135 countries.”
In the report:
45out of 100
Equitytale Health Score
Mixed

Healthier than 45% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 14–52 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
56

At close. Not part of the score.

Profitability & returns15

How much profit it earns on the money it employs

Balance sheet11

How much it owes, and whether earnings cover the interest

Cash quality76

Whether reported profit actually arrives as cash

Growth & consistency72

Whether sales and profit have grown, and how steadily

Valuation46

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 26% vs last year
✓ Promoters hold 47%
✓ No promoter shares pledged
✓ Turns profit into real cash
Watch-outs
! Thin 0.5% net margin
! Profit down 86% vs last year
! Low 2.1% return on equity

What if I invest in CEATLTD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,415▲ +2.52%
latest close · 2026-11-04
1-year return
+147.5%
52-wk low ₹89052-wk high ₹3,825
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio30.7High
LowAverageHigh
P/B ratio2.75Moderate
Below bookModerateHigh
EV / EBITDA9.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity2.1%Weak
WeakFairStrong ▸15%
Return on capital13.9%Fair
WeakFairStrong
Net margin0.5%Thin
ThinDecentStrong
EBITDA margin9.4%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.77Moderate
LowModerateHigh ▸1
Interest cover2.9×Okay
RiskyOkayStrong ▸5×
Current ratio0.67Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹13,660 cr
Book value
₹1,240
EPS
₹27.79
latest quarter
Net debt
₹3,814 cr
owes more than its cash
Enterprise value
₹17,474 cr
EBITDA
₹1,796 cr
annualised
EBIT
₹1,024 cr
annualised
Operating margin
5.4%
Return on assets
0.7%
Earnings yield
3.25%
P/S
0.72
Sales / share
₹4,762.0
Tax rate
30.8%
Face value
₹10
Shares
4.0 cr
Working capital
₹-2,566 cr
Current assets
₹5,110 cr
Current liabilities
₹7,676 cr
Delivery %
42.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 2 models ₹1,742 vs market price ₹3,415 — price is 96% above it
Safety cushion-96.1%(target ≥ +20%)
Models span ₹1,474–₹2,009, midpoint ₹1,742
Model ₹1,742
Price ₹3,415
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹4,762 cr
Other Income₹5 cr
Total Income₹4,767 cr
Cost of Materials₹3,234 cr
Purchases of Stock-in-Trade₹66 cr
Inventory Change (±)₹-185 cr
Employee Benefit Expense₹321 cr
Finance Costs₹87 cr
Depreciation & Amortisation₹193 cr
Other Expenses₹869 cr
Total Expenses₹4,585 cr
Exceptional Items₹-13 cr
Profit before Tax₹169 cr
Tax Expense₹52 cr
Share of JV / Associates₹-5 cr
Net Profit₹112 cr
Net margin on total income2.3%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹3,115 cr65.6%
Employee benefit expense₹321 cr6.8%
Finance costs₹87 cr1.8%
Depreciation & amortisation₹193 cr4.1%
Other expenses₹869 cr18.3%
Tax expense₹52 cr1.1%
Profit for the period₹112 cr2.4%
Total income ₹4,767 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue4,219 cr4,318 cr4,762 cr
Total income4,245 cr4,324 cr4,767 cr
Expenses3,895 cr4,285 cr4,585 cr
Profit before tax340 cr32 cr169 cr
Tax101 cr33 cr52 cr
Net profit (owners' share)244 cr4 cr26 cr
Net margin (owners' share, on revenue)5.8%0.1%0.5%
EPS (₹)60.451.0727.79
YoY (latest quarter): total income +26.2% · net profit -86.0%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹15,061 cr
Shareholder equity
₹4,961 cr
parent shareholders
Total debt
₹3,846 cr
Cash
₹32 cr
Cash flow · H1 FY27
Operating
₹305 cr
Investing
₹-781 cr
Financing
₹468 cr
Peer comparison
Tyres & Rubber Products · by market value
CompanyPriceMarket capP/E
MRF Limited₹1,17,690₹49,901 cr25.2
Balkrishna Industries Limited₹2,191₹42,342 cr23.5
Apollo Tyres Limited₹396₹25,169 cr17.9
CEAT Limitedthis company₹3,331₹13,324 cr30.0
JK Tyre & Industries Limited₹325₹9,373 cr35.5
TVS Srichakra Limited₹4,175₹3,198 cr23.5
Tolins Tyres Limited₹82₹324 cr13.1
Modi Rubber Limited₹115₹289 cr17.0
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.02%
trailing 12 months
Dividend / share (TTM)
₹35
Last dividend
₹35
ex 31 Jul 2026
ActionDetailEx-date
Dividend₹35 / share31 Jul 2026
Dividend₹30 / share8 Aug 2025
Dividend₹30 / share9 Aug 2024
Dividend₹12 / share20 Jun 2023
Dividend₹3 / share10 Jun 2022
Dividend₹18 / share27 Aug 2021
Who owns it · 2026-09-30
No pledge
Promoter
47.3%
FII / Foreign
13.4%
DII / Domestic
23.3%
Retail / others
15.7%
Promoter stake up 0.1% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtCEAT Employee Welfare Trust · Trust300 · ₹10.0 L7 Sep 26
BoughtESOP Welfare Trust · Trust350 · ₹11.7 L3 Sep 26
BoughtESOP Welfare Trust · Trust350 · ₹11.9 L1 Sep 26
Bulk / block deals
short— · NSE1921 Jul 26
short— · NSE117 Jul 26
short— · NSE5116 Jul 26
Stake changes
SoldAmansa Holding Pvt Ltd, Amansa Investments Ltd→ 3.09% · 72,96416 Nov 23
SoldAmansa Holdings Pvt Ltd, Amansa Investments Ltd→ 5.16% · 32,42830 Oct 23
BoughtMirae Asset Mutual Fund→ 9.71% · 2.27 L29 Aug 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 17 Aug 2026
See the official result
1
To receive, consider and adopt: a. the Audited Standalone Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Reports of Board of Directors and Auditors thereon; and b. the Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Report of Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.11 cr votes for, 21 against · 0% of mutual funds and other big investors said no
2
To declare dividend of Rs. 35/- (Rupees Thirty Five only) per equity share of face value of Rs. 10/- (Rupees Ten only) each for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1.11 cr votes for, 19 against · 0% of mutual funds and other big investors said no
3
To appoint a Director in place of Mr. Anant Vardhan Goenka, Non-Executive, Non-Independent Director (DIN: 02089850), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 (‘the Act’) and being eligible, offers himself for re-appointment.
Backed by 75% of shareholders other than promotersneeded 50%
82.69 L votes for, 28.15 L against · 25% of mutual funds and other big investors said no
4
Ratification of remuneration payable to M/s. D.C. Dave & Co., Cost Auditor of the Company for the Financial Year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
1.11 cr votes for, 38 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 21 named members
owning 47.3% between them · as of 2026-09-30
INSTANT HOLDINGS LIMITED29.51%
SWALLOW ASSOCIATES LLP11.09%
STEL HOLDINGS LIMITED3.74%
SUMMIT SECURITIES LIMITED2.59%
HARSHVARDHAN RAMPRASAD GOENKA0.33%
ANANT VARDHAN GOENKA0.04%
ATLANTUS DWELLINGS AND INFRASTRUCTURE LLPno shares
AVG Family Trust (Anant Vardhan Goenka-in the capacity of Trustee)no shares
Business done with them
FY2026 · 1 of the group
The company paid ₹45 L to companies in the promoter group last year — about 0.0% of its ₹15,678 cr revenue.
CHATTARPATI APARTMENTS LLP
Other payments to them · Rent paid on residential premises / guest house, etc
₹45 L
company paid

The company also transacted with 14 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹250 cr raised in Dec 2025 by private placement

The company has not broken this money down into purposes in its filing for Dec 2025, so there is nothing to measure it against yet.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.