Ceat Ltd. News and Updates

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

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Ceat Ltd.

16 Mar 2021

3376.00

5.39%

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

Ceat Ltd. is trading above its 200 day SMA of 3189.9

Ceat Ltd.

18 Feb 2021

3376.00

5.39%

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.

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

Ceat Ltd.

08 Feb 2021

3376.00

5.39%

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 3956.60 from 6 brokers.

Ceat Ltd.

27 Jan 2021

3376.00

5.39%

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. is trading above its 200 day SMA of 3189.9

Accumulate CEAT; target of Rs 1444: Dolat Capital Market

Moneycontrol | 27 Jan 2021

Ceat Ltd.

22 Jan 2021

3376.00

5.39%

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. is trading at high volume of 415.8K with price gain of 5.39.

Ceat Ltd.

21 Jan 2021

3376.00

5.39%

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

Ceat Ltd. is trading above its 200 day SMA of 3189.9

Ceat Ltd.

21 Jan 2021

3376.00

5.39%

EARNINGS UPDATE- CEAT LTD 3QFY21

Buy: Ceat Ltd.

Recommendation Target

Chola Wealth Direct

Background: CEAT is one among the top four tire manufacturers in India and is a part of the RPG group. The company has a total manufacturing capacity of 0.1mn + tyres/day with plants situated in Nashik, Bhandup (Mumbai),Ambernath, Halol, Nagpur and Sri Lanka. The company manufactures all tires: Truck & Bus (33%), 2W/3W (30%), Passenger vehicles (13%), LCV (8%), Farm (9%), and Specialty (7%). In terms of market, replacement contributed 71% of the sales while OEM and exports make up 17% and 13% of the sales, respectively in 3QFY21. CEAT has a robust distribution network consisting of over 3,400+ dealers, 33 regional offices...

Ceat Ltd. is trading at high volume of 415.8K with price gain of 5.39.

Ceat Ltd.

20 Jan 2021

3376.00

5.39%

Ceat rallies 10% in 2 days, hits fresh 52-week high on strong Q3 results

Business Standard

The management said there is expected to be some margin pressure in the next quarter due to increasing raw material prices

Ceat Ltd. is trading at high volume of 415.8K with price gain of 5.39.

Ceat Consolidated December 2020 Net Sales at Rs 2,221.25 crore, up 26.08% Y-o-Y

Moneycontrol | 19 Jan 2021 1 more

Ceat Ltd.

20 Jan 2021

3376.00

5.39%

Q3FY21 Result Update - Outlook intact; Price hikes to offset RM pressure - Accumulate

Accumulate: Ceat Ltd.

Target

Prabhudas Lilladhar

CEAT's 3QFY21 consol results beat our estimates with margin sustaining at 14.8% expanding 440bp YoY (PLe 11.5%), despite RM headwinds (+1.5% increase in RM/kg) and lower replacement mix (~65% v/s ~70% in Q2). With continual healthy growth in replacement segment and likely price rise, we expect margins to remain elevated at 13.5-14% even in 4Q. However, it can normalize at 11.5-12% in FY22/23 led by a) replacement mix normalizing to...