Apollo Tyres vs Ceat: share price, P/E, ROE and financials compared
Apollo Tyres
Ceat
Apollo Tyres and Ceat at a glance
Apollo Tyres and Ceat are both listed in Automobile and Auto Components. Apollo Tyres is the larger by market cap, at ₹26,312 Cr against ₹14,294 Cr for Ceat (1.8 times as large). On valuation, Apollo Tyres has the lower P/E (15.1× against 27.7×) and the lower price-to-book (1.50× against 2.88×). On returns and margins, Apollo Tyres has the higher operating margin (14.1% against 11.3%), while Ceat has the higher ROCE (17.7% against 8.0%). Over three years, Ceat has faster 3-year sales growth (+11.6% against +5.4% a year) and faster 3-year profit growth (+55.3% against +9.5% a year). Apollo Tyres carries less debt for its equity, with a debt-to-equity of 0.31× against 0.82×.
Key metrics, side by side
| Metric | Apollo TyresAPOLLOTYRE | CeatCEATLTD |
|---|---|---|
| Price (₹) | 415.95 | 3,545.80 |
| Market cap (₹ Cr) | 26,312 | 14,294 |
| P/E | 15.1× (the lower figure, shaded) | 27.7× |
| P/B | 1.50× (the lower figure, shaded) | 2.88× |
| Dividend yield, trailing | 1.44% (the higher figure, shaded) | 0.99% |
| ROE | 10.5% | 10.8% |
| ROCE | 8.0% | 17.7% (the higher figure, shaded) |
| Operating margin (OPM) | 14.1% (the higher figure, shaded) | 11.3% |
| Net margin (NPM) | 5.7% (the higher figure, shaded) | 3.0% |
| Sales CAGR 3Y | +5.4% | +11.6% (the higher figure, shaded) |
| Profit CAGR 3Y | +9.5% | +55.3% (the higher figure, shaded) |
| Debt to equity | 0.31× (the lower figure, shaded) | 0.82× |
| Interest cover | 4.4× (the higher figure, shaded) | 3.8× |
| Net profit TTM (₹ Cr) | 1,708 | 516 |
| 1Y return | −19.8% | −13.3% (the higher figure, shaded) |
| Promoter holding | 36.93% | 47.29% |
Apollo Tyres vs Ceat: common questions
Which is bigger, Apollo Tyres or Ceat?
By market cap, Apollo Tyres is bigger at ₹26,312 Cr, against ₹14,294 Cr for Ceat (prices as of 6 Nov 2026). Net profit over the last twelve months was ₹1,708 Cr for Apollo Tyres and ₹516 Cr for Ceat.
Which has a lower P/E ratio, Apollo Tyres or Ceat?
Apollo Tyres trades at a P/E of 15.1× and Ceat at 27.7×. Apollo Tyres has the lower P/E. P/E is the share price divided by earnings per share; it varies a lot between industries and with growth, so it says little on its own.
Which has a higher ROE, Apollo Tyres or Ceat?
Apollo Tyres reports a return on equity of 10.5% and Ceat 10.8%. The two are close. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Apollo Tyres or Ceat?
Over the last three years: Sales grew +5.4% a year at Apollo Tyres and +11.6% at Ceat, so Ceat grew sales faster; profit grew +9.5% a year at Apollo Tyres and +55.3% at Ceat, so Ceat grew profit faster. Past growth doesn’t predict future growth.