CEAT Limited (IN:CEATLTD)
:CEATLTD
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CEAT Limited
(CEATLTD)
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Rating:64Neutral
Price Target:
₹3,705.00
▼(-4.80% Downside)
Action:ReiteratedDate:03/14/26
Score is supported by strong financial performance (revenue growth and improved margins) and a stable balance sheet, but is held back by weak technical trend signals (below major moving averages with negative MACD) and only moderate valuation support (P/E ~24.7 and low dividend yield).
Positive Factors
Revenue Growth
Sustained double-digit top-line growth indicates expanding demand across CEAT's channels (OEM and replacement). Durable revenue growth supports scale economics, steady reinvestment in capacity and distribution, and provides a structural base for margin expansion and cash generation over a 2–6 month horizon and beyond.
Negative Factors
Free Cash Flow Decline
A marked decline in free cash flow despite strong operating cash generation suggests higher capex or working capital absorption. Persistently weaker FCF limits the firm's ability to deleverage, fund growth, or raise shareholder returns, reducing financial flexibility and amplifying medium-term execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained double-digit top-line growth indicates expanding demand across CEAT's channels (OEM and replacement). Durable revenue growth supports scale economics, steady reinvestment in capacity and distribution, and provides a structural base for margin expansion and cash generation over a 2–6 month horizon and beyond.
Read all positive factors
CEAT Limited (CEATLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹140.41B
Dividend Yield0.77%
Average Volume (3M)5.34K
Price to Earnings (P/E)24.7
Beta (1Y)1.18
Revenue Growth12.61%
EPS Growth-12.56%
CountryIN
Employees10,000
SectorConsumer Cyclical
Sector Strength84
IndustryAuto - Parts
Share Statistics
EPS (TTM)52.80
Shares Outstanding40,450,092
10 Day Avg. Volume5,948
30 Day Avg. Volume5,340
Financial Highlights & Ratios
PEG Ratio-0.93
Price to Book (P/B)2.66
Price to Sales (P/S)0.88
P/FCF Ratio78.29
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)174.26
Revenue Forecast (FY)₹154.94B
CEAT Limited Business Overview & Revenue Model
Company Description
CEAT Limited manufactures and sells automotive tires, tubes, and flaps in India and internationally. The company offers rubber tires and tubes for scooters, bikes, three wheelers, cars, buses, LCVs, trucks, and tractors. CEAT Limited also exports ...
How the Company Makes Money
CEAT makes money primarily by selling tyres across multiple vehicle categories. Its revenues are generated through two main channels: (1) OEM supply, where CEAT sells tyres directly to vehicle manufacturers for fitment on new vehicles, and (2) the...
CEAT Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 140.23B | 132.18B | 119.43B | 113.15B | 93.63B | 76.10B |
| Gross Profit | 47.94B | 48.76B | 49.08B | 38.33B | 32.52B | 32.71B |
| EBITDA | 15.31B | 13.52B | 15.45B | 8.56B | 6.04B | 9.15B |
| Net Income | 4.95B | 4.73B | 6.43B | 1.86B | 712.00M | 4.32B |
Balance Sheet | ||||||
| Total Assets | 131.02B | 112.12B | 99.94B | 96.28B | 91.60B | 81.32B |
| Cash, Cash Equivalents and Short-Term Investments | 808.80M | 496.40M | 565.90M | 689.90M | 326.40M | 371.70M |
| Total Debt | 31.14B | 21.36B | 17.91B | 22.95B | 22.29B | 15.33B |
| Total Liabilities | 85.22B | 68.36B | 59.42B | 61.71B | 58.64B | 47.92B |
| Stockholders Equity | 45.72B | 43.69B | 40.43B | 34.40B | 32.73B | 33.16B |
Cash Flow | ||||||
| Free Cash Flow | 4.55B | 1.49B | 8.52B | 3.26B | -3.40B | 7.18B |
| Operating Cash Flow | 8.74B | 10.92B | 17.19B | 12.05B | 6.19B | 13.58B |
| Investing Cash Flow | -15.13B | -9.22B | -8.54B | -8.49B | -9.44B | -6.18B |
| Financing Cash Flow | 6.67B | -1.77B | -8.71B | -3.20B | 3.13B | -7.31B |
CEAT Limited Technical Analysis
Negative
3891.85
Price Trends
3687.14
Negative
3783.39
Negative
3645.87
Negative
Market Momentum
-62.41
Negative
46.35
Neutral
40.88
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CEATLTD, the sentiment is Negative. The current price of 3891.85 is above the 20-day moving average (MA) of 3483.32, above the 50-day MA of 3687.14, and above the 200-day MA of 3645.87, indicating a bearish trend. The MACD of -62.41 indicates Negative momentum. The RSI at 46.35 is Neutral, neither overbought nor oversold. The STOCH value of 40.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CEATLTD.
CEAT Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹549.12B | 23.43 | ― | 0.15% | 9.56% | -4.82% | |
66 Neutral | ₹26.33B | 72.23 | ― | 0.40% | 8.03% | -57.44% | |
64 Neutral | ₹140.41B | 24.70 | ― | 0.77% | 12.61% | -12.56% | |
64 Neutral | ₹261.44B | 16.87 | ― | 0.98% | 4.36% | -45.33% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹255.68B | 39.67 | ― | 0.54% | 2.19% | -5.70% | |
56 Neutral | ₹114.83B | 17.24 | ― | 0.59% | 4.55% | -30.30% |
* Consumer Cyclical Sector Average
IN:CEATLTD
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CEAT Limited Corporate Events
CEAT Receives 69 ESG Score in 2025 S&P Global Sustainability Assessment
Feb 25, 2026
CEAT Limited has disclosed that it received a score of 69 in the 2025 SP Global Corporate Sustainability Assessment, reflecting an external evaluation of its environmental, social and governance practices. The ESG score provides investors and othe...
CEAT Issues Letters of Confirmation for Duplicate Share Certificates
Jan 28, 2026
CEAT Limited has informed the stock exchanges that, in line with regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) and related SEBI circulars, it has issued letters of confirmation in lieu of duplicate share cert...
CEAT Releases Investor Presentation on Q3 FY26 Unaudited Results
Jan 19, 2026
CEAT Limited has released an investor presentation detailing its unaudited financial results for the quarter and period ended December 31, 2025, and has submitted this to the stock exchanges in compliance with SEBI’s disclosure regulations. ...
CEAT Forms Wholly Owned UK Subsidiary to Bolster Global Tyre Business
Jan 12, 2026
CEAT Limited has incorporated a wholly owned subsidiary in the United Kingdom named CEAT INTERNATIONAL UK LIMITED, established with a capital of 15,000 shares at a face value of GBP 1 per share. The new UK entity, classified as a related party sol...
CEAT Informs Exchanges of Lost Share Certificates, Initiates Duplicate Issuance Process
Jan 6, 2026
CEAT Limited has notified the stock exchanges about the loss of certain physical share certificates held under folio number ZVP0001139 and a shareholder’s application for issuance of duplicate certificates. The company’s registrar and ...
CEAT Faces Minor GST Demand; Plans Appeal, Sees No Material Impact
Dec 31, 2025
CEAT Limited has disclosed that tax authorities in Delhi have upheld a demand of ₹0.35 crore for the financial year 2020-21, along with an equivalent penalty and applicable interest, over alleged wrongful availment and utilisation of input t...
CEAT Issues Letters of Confirmation for Duplicate Share Certificates
Dec 20, 2025
CEAT Limited has informed the stock exchanges that it has issued letters of confirmation in lieu of duplicate share certificates to certain shareholders, in line with regulatory requirements. The action, carried out through its registrar and trans...
CEAT Shareholders Approve Board Appointments via Postal Ballot
Dec 19, 2025
CEAT Limited has announced the results of a recently concluded postal ballot conducted through remote e-voting, confirming that shareholders have approved both the special and ordinary resolutions proposed in the notice dated November 17, 2025. Th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.