Skip to main content
Swing Capital

CEAT Ltd

NSE: CEATLTD BSE: 500878

CEAT, established in 1958, is one of the largest tyre manufacturers and one of the fastest-growing tyre companies in India. CEAT became a part of the RPG Group in 1982. It is amongst the Top 25 best workplaces in Manufacturing by GPTW for 2022.[1]

₹3,122
52W: ₹3000 — ₹4438
PE 14.6 · Book ₹1253 · +149% vs book
Market Cap₹12,628 Cr
Stock P/E14.6Price to Earnings
ROCE20.6%Return on Capital
ROE18.5%Return on Equity
Div. Yield0.97%Face Value ₹10

Strengths

  • +Company has been maintaining a healthy dividend payout of 20.4%

Shareholding Pattern

Promoters47.29%
FIIs16.55%
DIIs20.9%
Public14.99%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters47.21%47.21%47.21%47.21%47.21%47.21%47.21%47.29%▲0.1
FIIs18.76%16.65%▼2.115.83%▼0.815.28%▼0.617.39%▲2.116.21%▼1.216.92%▲0.716.55%▼0.4
DIIs17.09%19.75%▲2.720.54%▲0.821.52%▲1.020.07%▼1.421.05%▲1.020.48%▼0.620.9%▲0.4
Public16.93%16.39%▼0.516.41%▲0.015.99%▼0.415.33%▼0.715.38%▲0.115.12%▼0.314.99%▼0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales2,9492,9793,1683,2983,2923,4143,5213,7013,9574,036
Expenses2,5322,5842,7872,9322,9483,0193,1303,1943,4003,449
Operating Profit417395382366344395391507557587
OPM %14%13%12%11%10%12%11%14%14%15%
Net Profit17711914913796100135202192284
EPS ₹43.6729.4336.8933.7523.7324.8233.4649.9947.3670.1

AI Insights

Revenue Trend

Mar 2026 revenue at ₹15,215Cr, up 15.5% YoY. OPM at 13%.

Debt Position

Borrowings at ₹3,251Cr. Debt-to-equity ratio: 0.65x. Moderate leverage.

Capex Cycle

CWIP at ₹589Cr (8% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 20.9% (+8.70pp change). FIIs: 16.55% (-9.65pp change). Promoters hold 47.29%.

Margin & Efficiency

ROCE declining from 26% (Mar 2015) to 21% (Mar 2026). Working capital days: -53.

Valuation

PE 14.6x with 20.6% ROCE. Price is 149% above book value of ₹1,253. Dividend yield: 0.97%.

Recent Announcements