On 6 Nov 2026, Ceat was priced at ₹3,545.80, or 27.7× trailing earnings, against an industry P/E of 25.6×, and the shares are 15% below their 52-week high. Sales and net profit grew 12% and 55% a year over 3 years, with ROCE of 18% and ROE of 11%. Debt is 0.82× equity, and its dividend yield is 1.0%. It is a small-cap company with a market cap of ₹14,294 Cr, ranked 24th of 140 Auto Parts companies by market cap; the shares fell 13% over the past year.
- ₹3,457.90
- ₹3,556.50
- ₹3,415.00
- ₹3,471.40
- 95.3K
Health check
- ReturnsBehind
−13.3% over a year, better than 2 of 7 peers.
- Price tagIn line
P/E 27.7 vs industry 25.6.
- GrowthStrong
Sales +11.6%, profit +55.3% a year over 3 years.
- ProfitabilityAverage
ROCE 17.7% vs peer median 15.6%.
- Balance sheetFair
Debt 0.82× equity, interest covered 3.8×, Piotroski 7 of 9.
- Red flags1 to check
Quarterly profit down 39.8% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹14,294 Cr
- Small cap
- P/E
- 27.7
- Industry 25.6
- Price to book
- 2.88
- Peers 8.75
- Dividend yield
- 0.99%
- ROE
- 10.8%
- Peers 12.3%
- ROCE
- 17.7%
- Peers 15.6%
- Debt to equity
- 0.82
- Debt ₹4,065 Cr
- EPS (TTM)
- ₹127.89
- Face value ₹10
- OPM (TTM)
- 11.3%
- Net margin 3.0%
- Sales growth
- +26.2%
- Latest quarter vs a year ago
- Profit growth
- −39.8%
- Latest quarter vs a year ago
- Price to sales
- 0.82
- EV/EBITDA 9.9
Strengths and risks
Strengths
- Quarterly sales up 26.2% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 39.8% on a year ago.
About Ceat
CEAT Limited manufactures automotive tyres, tubes, and flaps in India and internationally. The company offers a range of tyres for rubber tires and tubes for scooters, bikes, two and three wheelers, cars, buses, LCVs, trucks, and tractors, as well as agricultural and industrial radial tyres. It also exports its products. The company was formerly known as CEAT Tyres of India Limited and changed its name to CEAT Limited in 1990. The company was founded in…
- Headquarters
- Mumbai
- Employees
- 10,222
- Sector
- Consumer Cyclical
- ISIN
- INE482A01020
- Website
- ceat.com
Price range
- Avg volume (3M)
- 69.2K
- 1-year return
- minus 13.3%
- From 52-week high
- minus 14.5%
Analyst consensus
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| CEATLTDCeat | 3,545.80 | plus 2.14% | 14,294 | 27.7 | 2.88 | 17.7% | 10.8% | 11.3% | 11.6% | 55.3% | 0.99% | minus 13.3% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|---|
| – | 3,773 | 4,157 | 4,219 | 4,318 | 4,762 | |
| – | 3,270 | 3,594 | 3,626 | 3,953 | 4,305 | |
| – | 503 | 563 | 593 | 365 | 457 | |
| – | 13.3% | 13.6% | 14.0% | 8.5% | 9.6% | |
| – | 4 | 6.1 | 25.7 | 6 | 5 | |
| – | 87 | 105 | 84.7 | 146 | 87 | |
| – | 174 | 188 | 184 | 186 | 193 | |
| −3 | – | −58 | −10 | −7 | −13 | |
| – | 246 | 218 | 340 | 32 | 169 | |
| – | 27.6% | 31.0% | 29.8% | 103.1% | 30.8% | |
| – | 186 | 156 | 244 | 4 | 112 | |
| 27.80 | – | 38.59 | 60.45 | 1.07 | 27.79 |
Profit & loss
- Sales CAGR 3Y
- +11.6%
- Profit CAGR 3Y
- +55.3%
- EPS CAGR 3Y
- +55.4%
- ROE
- 10.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 11,149 | 11,782 | 13,021 | 15,480 | |
| – | +5.7% | +10.5% | +18.9% | |
| 10,173 | 10,129 | 11,541 | 13,416 | |
| 976 | 1,653 | 1,480 | 2,064 | |
| 8.8% | 14.0% | 11.4% | 13.3% | |
| 17.2 | 36.4 | 33.3 | 44.1 | |
| 235 | 265 | 272 | 348 | |
| 469 | 509 | 563 | 697 | |
| −35.5 | −58.8 | −34.7 | −86.3 | |
| 254 | 857 | 643 | 976 | |
| 28.2% | 25.8% | 26.7% | 28.6% | |
| 186 | 643 | 473 | 698 | |
| – | +245.2% | minus 26.5% | +47.7% | |
| 46.03 | 158.87 | 116.85 | 172.78 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 40.5 | 40.5 | 40.5 | 40.5 | |
| 3,399 | 4,002 | 4,328 | 5,006 | |
| 2,295 | 1,792 | 2,136 | 3,272 | |
| 3,893 | 4,160 | 4,707 | 5,584 | |
| 9,628 | 9,995 | 11,212 | 13,902 | |
| 6,577 | 6,893 | 7,381 | 8,752 | |
| 569 | 719 | 524 | 774 | |
| 16.7 | 16.3 | 16.6 | 48.9 | |
| 112 | 56.6 | 49.6 | 40.2 | |
| 2,354 | 2,310 | 3,241 | 4,287 | |
| 9,628 | 9,995 | 11,212 | 13,902 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,205 | 1,719 | 1,092 | 1,786 | |
| −849 | −854 | −922 | −2,271 | |
| −320 | −871 | −177 | 477 | |
| 36.9 | −5.5 | −7.2 | −8.4 | |
| −879 | −867 | −943 | −1,147 | |
| 326 | 852 | 149 | 639 | |
| −12.6 | −48.5 | −121 | −121 |
Shareholding pattern
- Promoters47.29%
- Public52.37%
- Employee trusts0.34%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 47.29% | 52.37% | 0.00 | |
| 30 Jun 2026 | 47.29% | 52.44% | 0.00 | |
| 31 Mar 2026 | 47.29% | 52.44% | plus 0.08 | |
| 31 Dec 2025 | 47.21% | 52.52% | 0.00 | |
| 30 Sep 2025 | 47.21% | 52.64% | – |
Major shareholders
Filings & events
News
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