Ceat Limited
NSE: CEATLTD · Tyres & Rubber Products · sector
₹3,119.80NSE close 2026-10-26
Key numbers
Market cap₹12,479 cr
Price₹3,119.80
52w high / low₹4,438 / ₹3,061
P/E24.4xSector median 20.0x
P/B2.5xSector median 2.4x
Book value₹1,240.2
Dividend yield0.98%Sector median 0.98%
ROE9.0%Sector median 9.0%
ROCE13.4%Sector median 11.2%
OPM10.8%Sector median 5.6%
Debt / equity0.78xSector median 0.37x
EV/EBITDA8.6xSector median 14.4x
Interest cover2.8x
Current ratio0.67x
Sales growth 3y+11.5%Sector median +3.7%
Profit growth 3y+55.4%Sector median +13.1%
PEG0.44x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 17 companies in Tyres & Rubber Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹43 cr vs borrowings ₹3,011 cr (FY26): borrowings are higher by ₹2,967 cr.
- Operating profit covered interest 2.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Dividend paid in 5 of the last 5 financial years.
- Price ₹3,119.80 on 2026-10-26: -29.7% from the 52-week high, +1.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,087.30 · low ₹2,382.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3,300 | 3,421 | 3,529 | 3,773 | 4,157 | 4,219 | 4,318 | 4,762 |
| EBITDA | 341 | 351 | 384 | 503 | 505 | 583 | 358 | 444 |
| OPM % | 10.3% | 10.3% | 10.9% | 13.3% | 12.2% | 13.8% | 8.3% | 9.3% |
| Other income | 3 | 5 | 5 | 4 | 6 | 26 | 6 | 5 |
| Net profit | 97 | 99 | 112 | 186 | 156 | 244 | 4 | 26 |
| EPS (₹) | 24.01 | 24.60 | 27.80 | 45.98 | 38.59 | 60.45 | 1.07 | 27.79 |
| Revenue YoY | +26.0% | +23.3% | +22.3% | +26.2% | ||||
| Profit YoY | +60.4% | +145.1% | -96.4% | -86.0% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 9,363 | 11,315 | 11,943 | 13,218 | 15,678 | 17,456 |
| EBITDA | 697 | 940 | 1,594 | 1,445 | 1,976 | 1,890 |
| Net profit | 71 | 186 | 643 | 471 | 698 | 430 |
| EPS (₹) | 17.60 | 46.02 | 158.87 | 116.85 | 172.78 | 127.90 |
| Revenue growth | +20.8% | +5.6% | +10.7% | +18.6% | +24.5% | |
| Profit growth | +163.8% | +245.2% | -26.7% | +48.1% | -13.2% | |
| Dividend / share (₹) | 18.00 | 3.00 | 12.00 | 30.00 | 30.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.5% | +15.6% | +24.5% |
| Net profit | +55.4% | +10.1% | -13.2% |
| EPS | +55.4% | +10.1% | – |
| Share price | – | +3.9% (2y) | -25.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 3,440 | 4,043 | 4,369 | 5,046 |
| Borrowings | – | 2,093 | 1,629 | 1,928 | 3,011 |
| Cash & equivalents | – | 72 | 59 | 53 | 43 |
| Total assets | – | 9,628 | 9,994 | 11,212 | 13,902 |
| Fixed assets | – | 6,008 | 6,174 | 6,857 | 7,978 |
| Capital work in progress | – | 569 | 659 | 507 | 598 |
| Investments | – | 17 | 16 | 17 | 49 |
| Receivables | – | 1,307 | 1,283 | 1,653 | 1,839 |
| Inventory | – | 1,138 | 1,150 | 1,412 | 1,783 |
| Payables | – | 2,268 | 2,332 | 2,740 | 3,448 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 619 | 1,205 | 1,719 | 1,092 | 1,786 |
| Cash from investing | -944 | -849 | -854 | -922 | -2,271 |
| Cash from financing | 313 | -320 | -871 | -177 | 477 |
| Capex | 959 | 879 | 867 | 943 | 2,267 |
| Free cash flow | -340 | 326 | 852 | 149 | -481 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.4% | 15.9% | 10.8% | 13.8% |
| ROCE % | – | 8.8% | 19.5% | 14.3% | 16.4% |
| Debtor days | – | 42 | 39 | 46 | 43 |
| Inventory days | – | 56 | 61 | 63 | 69 |
| Payable days | – | 112 | 123 | 121 | 132 |
| Cash conversion cycle (days) | – | -14 | -23 | -12 | -20 |
| Working capital days | – | -47 | -50 | -49 | -49 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 47.29% |
| FIIs | 13.41% |
| DIIs | 23.26% |
| of which Mutual funds | 18.38% |
| of which Insurance | 4.04% |
| Government | 0.00% |
| Public (non-institutions) | 15.70% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 47.21% | 47.21% | 47.21% | 47.21% | 47.21% | 47.29% | 47.29% | 47.29% |
| Promoter group | % |
|---|---|
| Instant Holdings Limited | 29.51% |
| Swallow Associates LLP | 11.09% |
| Stel Holdings Limited | 3.74% |
| Summit Securities Limited | 2.59% |
| Harshvardhan Ramprasad Goenka | 0.33% |
| Anant Vardhan Goenka | 0.04% |
| Radha Anant Goenka | 0.00% |
| Mala Goenka | 0.00% |
| Ishaan Goenka Trust (Harsh Vardhan Goenka-In the capacity of Trustee) | 0.00% |
| Nucleus Life Trust (Harsh Vardhan Goenka- in the capacity of Trustee) | 0.00% |
| Prism Estates Trust (Harsh Vardhan Goenka- in the capacity of Trustee) | 0.00% |
| RG Family Trust (Anant Vardhan Goenka-in the capacity of Trustee) | 0.00% |
| Navya Goenka Trust (Harsh Vardhan Goenka- in the capacity of Trustee) | 0.00% |
| AVG Family Trust (Anant Vardhan Goenka-in the capacity of Trustee) | 0.00% |
| Secura India Trust (Harsh Vardhan Goenka-in the capacity of Trustee) | 0.00% |
| Public holders above 1% | % |
|---|---|
| Mirae Asset Nifty Total Market Index Fund | 9.72% |
| India Opportunities Growth Fund Ltd - Pinewood Strategy | 4.41% |
| Invesco India Small CAP Fund | 1.87% |
| Edelweiss Trusteeship Co Ltd AC- Edelweiss MF Ac-edelweiss Small CAP Fund | 1.64% |
| Tata AIA Life Insurance Company Limited A/C Small CAP Discovery Fund (Ulif 071 22/05/23 SCF 110) | 1.40% |
| The NEW India Assurance Company Limited | 1.34% |
| Isif Hybrid Long - Short Fund | 1.20% |
| Tata Mutual Fund- Tata Value Fund | 1.08% |
| Sundaram Mutual Fund A/C Sundaram Value Fund | 1.02% |
1,42,260 shareholders. Pledged: 0.00% of promoter shares.
Peers in Tyres & Rubber Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| MRF | ₹49,769 cr | 20.6x | 2.4x | 12.2% | 15.2% | 14.9% | +10.6% | 0.20% |
| BALKRISIND | ₹40,775 cr | 29.0x | 3.7x | 14.4% | 13.2% | 22.0% | +3.5% | 0.76% |
| APOLLOTYRE | ₹24,569 cr | 14.3x | 1.5x | 10.8% | 11.0% | 11.9% | +5.0% | 2.20% |
| CEATLTD | ₹12,479 cr | 24.4x | 2.5x | 9.0% | 13.4% | 10.8% | +11.5% | 0.98% |
| JKTYRE | ₹8,661 cr | 13.0x | 1.4x | 11.9% | 12.0% | 10.6% | +3.7% | 0.95% |
| TVSSRICHAK | ₹3,167 cr | 34.3x | 2.7x | 7.2% | 9.0% | 7.6% | +6.9% | 0.40% |
| GOODYEAR | ₹1,515 cr | 28.1x | 2.5x | 8.9% | 13.1% | 4.2% | -5.4% | 3.64% |
| MEGAMONT | ₹446 cr | 49.8x | 13.2x | 55.7% | 17.8% | 1.1% | – | – |
| TOLINS | ₹315 cr | 9.7x | 0.9x | 9.5% | 11.2% | 13.7% | – | – |
| MODIRUBBER | ₹271 cr | – | 0.4x | 0.0% | -2.0% | -73.7% | +86.0% | 1.56% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-31 | Dividend | Dividend - Rs 35 Per Share |
| 2025-08-08 | Dividend | Dividend - Rs 30 Per Share |
| 2024-08-09 | Dividend | Annual General Meeting/Dividend - Rs 30 Per Share |
| 2023-06-20 | Dividend | Dividend - Rs 12 Per Share |
| 2022-06-10 | Dividend | Dividend - Rs 3 Per Share |
| 2021-08-27 | Dividend | Dividend - Rs 18 Per Share |
| 2020-03-19 | Dividend | Interim Dividend - Rs 12 Per Share |
| 2019-07-18 | Dividend | Annual General Meeting/Dividend - Rs 12 Per Share |
| 2018-07-10 | Dividend | Annual General Meeting/Dividend- Rs 11.50 Per Share |
| 2017-07-28 | Dividend | Annual General Meeting/Dividend - Rs 11.50 Per Share |
| 2016-07-29 | Other | Annual General Meeting |
| 2016-03-22 | Dividend | Interim Dividend - Rs 11.50/- Per Share (Purpose Revised) |
| 2015-08-03 | Dividend | Annual General Meeting/ Dividend - Rs 10/- Per Share |
| 2014-09-17 | Dividend | Annual General Meeting And Dividend Rs.10/- Per Share |
| 2013-08-12 | Dividend | Annual General Meeting And Dividend Rs.4/- Per Share (Bc Dates Revised) |
| 2012-07-25 | Dividend | Annual General Meeting And Dividend Re.1/- Per Share |
| 2011-08-10 | Dividend | Annual General Meeting And Dividend Rs.2/- Per Share |
| 2010-07-14 | Dividend | Annual General Meeting And Dividend Rs.4/- Per Share |
| 2009-08-07 | Other | Annual General Meeting |
| 2008-07-09 | Dividend | Agm/Dividend - 40% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing of Tyres, Tubes, and Flaps: Manufacturing of tyres for passenger, commercial and off-road vehicles
| Sector | Consumer Discretionary |
| Industry | Tyres & Rubber Products |
| Sub-industry | Tyres & Rubber Products |
| Symbol | CEATLTD |
| BSE code | 500878 |
| ISIN | INE482A01020 |
| Face value | ₹10.0 |
| Incorporated | 1958-03-10 |
| Website | www.ceat.com |
| Plants (India / abroad) | 6 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.