Analyst Rating
based on 19 analysts
68.42%
Buy
15.79%
Hold
15.79%
Sell
Based on 19 analysts offering long term price targets for CEAT Ltd. An average target of ₹2921.63
Source: S&P Global Market Intelligence
CEAT Ltd Share analysis
CEAT Ltd price forecast by 19 analysts
Upside of2.28%
High
₹3869
Target
₹2921.63
Low
₹2000
CEAT Ltd target price ₹2921.63, a slight upside of 2.28% compared to current price of ₹2856.4. According to 19 analysts rating.
Excluding Excise Duty and Other Income, represents Net Revenue
CEAT Ltd revenue growth forecast
Expected growth rate Q1, FY2026:19.39%
Forecast
Actual
Including amortisation and stock based compensations
CEAT Ltd EPS growth forecast
EPS estimate Q1, FY2026:21.04%
Forecast
Actual
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹2,826.05₹2,914.652 Week's Low
52 Week's High
₹2,056.35₹2,998.45
| Returns % | |
| 1 Month Return | + 6.33 % |
| 3 Month Return | + 16.3 % |
| 1 Year Return | + 28.71 % |
| Market Stats | |
| Previous Close | ₹2,891.30 |
| Open | ₹2,893.00 |
| Volume | 1.54L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹11,695.34Cr |
Key Statistics
| P/E Ratio | 17.72 |
| PEG Ratio | 0.22 |
| Market Cap | ₹11,695.34 Cr |
| P/B Ratio | 2.74 |
| EPS | 157.05 |
| Dividend Yield | 1.12 |
| Sector | Tyres |
| ROE | 17.93 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹11,695.34 Cr | 44.62% | 0.66 | ₹635 Cr | ₹11,943 Cr | |
| NA | ₹5.65 Cr | -12.47% | -2.56 | NA | NA | |
| ₹3,448.19 Cr | 30.77% | 0.72 | ₹107 Cr | ₹3,173 Cr | ||
| BUY | ₹32,517.17 Cr | 37.47% | 0.64 | ₹1,721 Cr | ₹25,377 Cr | |
| BUY | ₹10,949.09 Cr | 113.44% | 0.72 | ₹811 Cr | ₹15,001 Cr |
Mutual Fund Holdings
Company Information
CEAT has a wide range of operations, including manufacturing, retailing, and distribution of tyres for cars, motorcycles, and commercial vehicles. The company also produces tyres for specialty vehicles, such as tractors, earthmovers, and off-road vehicles. CEAT's top products include radial tyres, all-terrain tyres, and tubeless tyres, as well as a range of accessories such as tyre tubes, rims, and wheel covers.
The company's popular brands include CEAT, Milaze, Zoom, and Gripp. CEAT has also recently launched the "CEAT SecuraDrive" range of tyres, which are designed to provide superior performance and safety in all conditions. The company has also developed a range of eco-friendly tyres, which are designed to reduce fuel consumption and emissions.
Share Price: ₹2856.40 per share as on 06 Sep, 2024 04:01 PM
Market Capitalisation: ₹11,695.34Cr as of today
Revenue: ₹3,192.82Cr as on June 2024 (Q2 24)
Net Profit: ₹148.89Cr as on June 2024 (Q2 24)
Listing date: 03 Nov, 1994
Chairperson Name: H V Goenka
| Organisation | CEAT Ltd |
| Headquarters | |
| Industry | Tyres |
| E-voting on shares | Click here to vote |
Key events for CEAT Ltd
Emkay Global Initiates Buy Rating on CEAT - 04 Sep, 2024
Emkay Global Financial has initiated coverage on CEAT with a 'BUY' rating and a target price of Rs 3,650, citing strong fundamentals and resilience to raw material volatility. The firm expects a 30% EPS CAGR over FY25E-27E, supported by strategic pricing and growth initiatives.
CEAT Ltd Strengthens Financial Position in FY24 - 23 Aug, 2024
In FY24, CEAT Ltd reduced its gross debt by Rs.473 crore, enhancing financial stability and profitability. The share price opened at Rs.2,878.05, up 0.5%.
CEAT Declares Rs 30 Dividend Amid Revenue Growth - 07 Aug, 2024
CEAT Ltd has announced a final dividend of Rs 30 per share for FY2023-24, with a record date set for August 9, 2024. The company reported a revenue of Rs 11,892.60 crore and a net profit of Rs 654 crore for FY23-24. CEAT shares gained 1.20% on August 7, trading at Rs 2630.40 around 10:30 AM.
CEAT Ltd Declares Final Dividend Amid Mixed Stock Performance - 06 Aug, 2024
CEAT Ltd's board recommended a final dividend of Rs 30 per share, pending AGM approval. The stock closed at Rs 2599.15, up 1.86%, but has shown mixed performance recently, declining 4.86% over six months.
Insights on CEAT Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTRevenue Rich
Revenue is up for the last 3 quarters, 2.96K Cr → 3.20K Cr (in ₹), with an average increase of 3.8% per quarter
- POSITIVE IMPACT
MF Holding Up
Mutual Funds have increased holdings from 11.60% to 12.20% in Jun 2024 quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 16.72% to 16.93% in Jun 2024 quarter
- POSITIVE IMPACT
Price Rise
In the last 7 days, CEATLTD stock has moved up by 2.2%
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 108.56 Cr → 154.16 Cr (in ₹), with an average increase of 29.6% per quarter
NO EFFECTAgainst Peers
In the last 3 years, Apollo Tyres Ltd has given 132.7% return, outperforming this stock by 13.5%
- NO EFFECT
Against Peers
In the last 1 year, Apollo Tyres Ltd has given 32.1% return, outperforming this stock by 3.4%
- NO EFFECT
Promoter Holding Unchanged
Promoters holdings remained unchanged at 47.21% of holdings in Jun 2024 quarter
NEGATIVE IMPACTFII Holding Down
Foreign Institutions have decreased holdings from 20.15% to 18.76% in Jun 2024 quarter
Company Financials
Index Inclusions
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 47.21% | 0.00 | |
| Foreign Institutions | 18.76% | ||
| Mutual Funds | 12.2% | 5.18 | |
| Retail Investors | 16.93% | 1.24 | |
| Others | 4.9% | 13.42 |
Key Indicators
CEAT Ltd Valuation
CEAT Ltd in the last 5 years
Lowest (10.32x)
March 24, 2020
Today (17.72x)
September 6, 2024
Industry (30.17x)
September 6, 2024
Highest (351.64x)
December 2, 2022
Earnings and Dividends
CEAT Ltd Earnings Results
CEAT Ltd’s net profit jumped 6.6% since last year same period to ₹154.16Cr in the Q1 2024-2025. On a quarterly growth basis, CEAT Ltd has generated 42% jump in its net profits since last 3-months.
Read More about Earnings ResultsCEAT Ltd Dividends May,2024
In the quarter ending March 2024, CEAT Ltd has declared dividend of ₹30 - translating a dividend yield of 1.47%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
CEAT Ltd is currently in a Bullish trading position according to technical analysis indicators.
Frequently Asked Questions
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CEAT Ltd (CEATLTD) share price today is ₹2856.4
CEAT Ltd is listed on NSE
CEAT Ltd is listed on BSE
- Today’s highest price of CEAT Ltd is ₹2914.6.
- Today’s lowest price of CEAT Ltd is ₹2826.05.
PE Ratio of CEAT Ltd is 17.72
PE ratio = CEAT Ltd Market price per share / CEAT Ltd Earnings per share
Today’s traded volume of CEAT Ltd(CEATLTD) is 1.54L.
Today’s market capitalisation of CEAT Ltd(CEATLTD) is ₹11695.34Cr.
| CEAT Ltd(CEATLTD | Price |
|---|---|
52 Week High | ₹2998.45 |
52 Week Low | ₹2056.35 |
CEAT Ltd(CEATLTD) share price is ₹2856.4. It is down -4.74% from its 52 Week High price of ₹2998.45
CEAT Ltd(CEATLTD) share price is ₹2856.4. It is up 38.91% from its 52 Week Low price of ₹2056.35
| CEAT Ltd(CEATLTD | Returns |
|---|---|
1 Day Returns | -34.9% |
1 Month Returns | 6.33% |
3 Month Returns | 16.3% |
1 Year Returns | 28.71% |