CEAT
- Market cap
- ₹ 12,448 Cr.
- P/E
- 21.7x
- P/B
- 2.57x
- 52-week range
- 3,012.6 – 4,199
- ROE
- 16%
- ROCE
- 19%
- Dividend yield
- 1.1%
- Debt / equity
- 0.65
- Sector
- Auto Components
- Industry
- Tyres & Rubber Products
- Listed on
- NSE, BSE
About
CEAT Limited is an India-based tire company. The Company’s principal business is the manufacturing of automotive tires, tubes and flaps. The Company manufactures tires for a broad range of vehicles, including passenger cars, two-wheelers, trucks and buses, light commercial and off-highway tires. The Company's tire categories include car, bike, scooter tires, and commercial tires. It offers tires for various cars such as Maruti Alto, Maruti Alto K10, Maruti Swift, Maruti Swift Dzire and Maruti Wagon R. It offers tires for various bikes such as Hero Splendor, Hero Passion, Honda Shine, Honda Dream, Honda Unicorn, TVS Apache, Yamaha FZ, Royal Enfield, Bajaj CT 100/110, Bajaj KTM 200, Bajaj Platina and Bajaj Dominar. It offers tires for various scooters, such as Honda Activa, Suzuki Access, TVS Jupiter, Hero Destini, and Hero Duet. The Company’s CAMSO’s brand expertise in compact construction equipment tracks and tires.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Tyres & Rubber Products: 20 companies →CEAT against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)21.7 against a typical 21.1: pricier than most peers (1st = cheapest).11th of 20
- Sales growth+26.2% against a typical +21.4% from a year earlier.6th of 16
- Profit growth−39.8% against a typical −12.9% from a year earlier.10th of 15
- Share price, 3 months−8.5% against a typical −8%.12th of 20
- Size₹ 12,448.3 Cr. market value against a typical ₹ 270.9 Cr. (1st = largest).4th of 20
Latest announcements
Exchange filings and their impact on the company.
- Strong 26% revenue growth overshadowed by 40% profit fall and rising debt on high raw-material costs.
CEAT reported Q2 FY27 consolidated revenue of Rs 4,762 crore, up 26% year-on-year, but EBITDA margin fell to 9.5% and net profit fell 40% to Rs 112 crore as high raw-material costs persisted. Standalone revenue was Rs 4,548 crore with 10.14% margin and Rs 164 crore profit. Management expects double-digit growth in H2 with further price hikes, but sees cost pressure continuing into Q3 while debt rose on Rs 490 crore quarterly capex and dividends.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by CARE- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | Withdrawn | Positive | 3 Jul 2026 |
| CARE | CARE AA | Positive | 8 Jan 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 3 Jul 2026 | Withdrawn | was IND AA | — | India Ratings | ₹ 2,772.12 Cr. | |
| 8 Jan 2026 | Reaffirmed | CARE AA | — | CARE | ₹ 4,426 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 14 Oct 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 16 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 Apr 2026 | Financial Results/Dividend/Other business matters | To consider and approve the financial results for the period ended March 31, 2026, dividend and other business matters |
| 19 Jan 2026 | Financial Results/Other business matters | To consider and approve the unaudited financial results for the period ended December 31, 2025 |
| 5 Dec 2025 | Fund Raising | To consider proposed Fund Raising |
| 17 Oct 2025 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2025 and other business matters |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,963 | 2,992 | 3,193 | 3,305 | 3,300 | 3,421 | 3,529 | 3,773 | 4,157 | 4,219 | 4,318 | 4,762 |
| Expenses | 2,546 | 2,600 | 2,810 | 2,942 | 2,959 | 3,033 | 3,142 | 3,270 | 3,594 | 3,626 | 3,953 | 4,305 |
| Operating Profit | 418 | 392 | 383 | 362 | 341 | 388 | 387 | 503 | 563 | 593 | 365 | 457 |
| OPM % | 14% | 13% | 12% | 11% | 10% | 11% | 11% | 13% | 14% | 14% | 8% | 10% |
| Other Income | 3 | −55 | 14 | 3 | 3 | −33 | 2 | 4 | −52 | 16 | −1 | −8 |
| Interest | 66 | 62 | 62 | 66 | 75 | 74 | 82 | 87 | 105 | 85 | 146 | 87 |
| Depreciation | 127 | 136 | 132 | 137 | 141 | 152 | 151 | 174 | 188 | 184 | 186 | 193 |
| Profit before tax | 228 | 139 | 203 | 162 | 128 | 129 | 156 | 246 | 218 | 340 | 32 | 169 |
| Tax % | 24% | 33% | 27% | 29% | 28% | 28% | 27% | 28% | 31% | 30% | 103% | 31% |
| Net Profit | 181 | 102 | 154 | 121 | 97 | 99 | 112 | 186 | 155 | 244 | 4 | 112 |
| EPS in Rs | 44.87 | 26.84 | 38.11 | 30.13 | 24.01 | 24.6 | 27.69 | 45.98 | 38.51 | 60.32 | 0.99 | 27.69 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 16%
- 3 Years
- 11%
- TTM
- 24%
- 10 Years
- 5%
- 5 Years
- 10%
- 3 Years
- 54%
- TTM
- 9%
- 10 Years
- 10%
- 5 Years
- 20%
- 3 Years
- 14%
- TTM
- —
- 10 Years
- 12%
- 5 Years
- 12%
- 3 Years
- 15%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| CEAT | ₹ 3,140.50 | ₹ 12,448 Cr. | 21.7x | 2.6x | 16% | — |
| MRF | ₹ 1,18,300.00 | ₹ 50,213 Cr. | 22.3x | 2.6x | 12.3% | 7.8% |
| Balkrishna Industries | ₹ 2,125.00 | ₹ 41,080 Cr. | 32.1x | 3.6x | 11.7% | 11.5% |
| Apollo Tyres | ₹ 384.40 | ₹ 24,342 Cr. | 13.3x | 1.6x | 8.7% | 4.8% |
| JK Tyre & Industries | ₹ 309.60 | ₹ 8,925 Cr. | 13x | 1.9x | — | — |
| TVS Srichakra | ₹ 4,096.00 | ₹ 3,122 Cr. | 45.3x | 2.7x | 6% | 2% |
Management
- Arnab Banerjee
- Chief Executive Officer, Managing Director, Executive Director
- Kumar Subbiah
- Chief Financial Officer, Executive Director - Finance
- Rahul Gama
- Senior Vice President - Human Resources
- Vishal Pawar
- Senior Vice President - Global Sales and Supply Chain Management
- Gaurav Tongia
- Chief Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.