Ceat Ltd. News and Updates

Name: Latest research reports of Ceat Ltd. authored by Motilal Oswal and published by - Trendlyne research reports.
Item: Ceat Ltd.
Rating: 5
Author: Motilal Oswal

Keep track of all breaking news on Ceat Ltd. from all sources in a single place.

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Ceat Ltd.

06 May 2021

3877.70

-0.28%

Below est.; higher RM cost hurts margin; to expand TBR capacity

Buy: Ceat Ltd.

Target

Motilal Oswal

Cost inflation to keep margin under pressure over the next two quarters CEAT's 4QFY21 performance was impacted by RM cost inflation and weaker mix. While cost inflation will impact near-term performance, strength in demand will enable gradual pass through of cost. We cut our FY22E/FY23E EPS by ~31%/6% to factor in near term impact from the second COVID wave and RM cost inflation. Maintain Buy....

Ceat Ltd. has an average target of 3784.80 from 6 brokers.

Ceat Ltd.

06 May 2021

3877.70

-0.28%

CEAT (SELL): Rising raw material costs to impact earnings; SELL

Sell: Ceat Ltd.

Target

BOB Capital Markets Ltd.

CEAT's revenue was 8% ahead of our estimate at Rs 23bn in Q4FY21.

Ceat Ltd. has gained 26.87% in the last 6 Months

Ceat Ltd.

05 May 2021

3877.70

-0.28%

CEAT's Q4 profit trebles to 153 crore

Business Line

Tyre-maker reports a revenue of 2,290 crore

Ceat Ltd. has an average target of 3784.80 from 6 brokers.

Ceat Q4 profit up three-fold at 153 crore on operating efficiencies

livemint | 05 May 2021 1 more

Ceat Ltd.

16 Mar 2021

3877.70

-0.28%

CEAT Tyres aims to make deeper inroads into smaller towns and cities

Business Standard

To double Ceat Shoppes to 600 in 2 years as demand for personal vehicles gains traction

Number of FII/FPI investors increased from 228 to 291 in Jun 2025 qtr.

Ceat Ltd.

18 Feb 2021

3877.70

-0.28%

Time to go cyclical | Tyre industry set for an upcycle

Buy: Ceat Ltd.

Edelweiss

During the last upcycle, limited focus on CV category tyres eroded CEAT's market share in both OEM and replacement markets.

Ceat Ltd. has gained 42.33% in the last 1 Year

Ceat Ltd.

08 Feb 2021

3877.70

-0.28%

Ceat Tyres launches label-rated tyres in India

Moneycontrol

Under the initiative, Ceat will introduce performance indicator ratings for its premium offerings --Fuelsmarrt and SecuraDrive range of tyres. The ratings are based on important tyre performance indicators like rolling resistance, wet grip and tyre noise level, the company said in a statement.

Ceat Ltd. has an average target of 3784.80 from 6 brokers.

Ceat Ltd.

27 Jan 2021

3877.70

-0.28%

Accumulate CEAT; target of Rs 1434: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher recommended accumulate rating on CEAT with a target price of Rs 1434 in its research report dated January 20, 2021.

Ceat Ltd. has an average target of 3784.80 from 6 brokers.

Accumulate CEAT; target of Rs 1444: Dolat Capital Market

Moneycontrol | 27 Jan 2021

Ceat Ltd.

22 Jan 2021

3877.70

-0.28%

BP Equities CEAT Ltd Q3FY21 Result Update

Buy: Ceat Ltd.

Target

BP Wealth

In 3QFY21,CEAT reported a strong set of numbers. Revenue grew by 26.1%YoY to 22,123 mn (est.INR19,693 mn) mainly due to volume growth majorly from replacement demand led by rise in personal mobility, recovery in CV demand and farm equipment segments and restrictions on imports. EBITDA grew by 78.8% YoY to INR 3,277 mn (est.INR 2,422 mn) mainly due to higher gross margin on account of price hikes (i.e 3% in Dec'20) across categories (except 2W) and higher mix from replacement segment(+35% YoY) which resulted in operational efficiency. Moroever, in this quarter, company witnessed the strongest demand for CVs (~30% in TBR and TBB), PVs and 2W/3Ws. OTR segment grew 42% YoY due to increase in the domestic farm sector and exports. The company expects the RM basket to increase by 10% sequentially due to sharp surge in rubber and crude oil prices. Adjusted net profit stood at INR 1,417 mn (est.983 mn) strong performance on operational front. Focus on brand value with new client acquisition to increase market share gains...

Ceat Ltd. has gained 26.87% in the last 6 Months

Ceat Ltd.

21 Jan 2021

3877.70

-0.28%

With factories running full, Ceat hikes FY22 capex by 40%

Moneycontrol

Ceat has inventory levels of less than one month despite all its plants running at full capacity. The company will use the increase in capex to add more capacity at its factories and address the sustained surge in demand since the lockdown was eased