Ceat Ltd. News and Updates

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

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

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Ceat Ltd.

21 Jan 2021

3539.90

1.04%

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. has gained 32.22% in the last 6 Months

Ceat Ltd.

21 Jan 2021

3539.90

1.04%

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. has an average target of 3906.60 from 6 brokers.

Ceat Ltd.

20 Jan 2021

3539.90

1.04%

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. has an average target of 3906.60 from 6 brokers.

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

3539.90

1.04%

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...

Ceat Ltd. has gained 32.22% in the last 6 Months

Ceat Ltd.

20 Jan 2021

3539.90

1.04%

Above estimates; beat driven by strong volumes and lower RM cost

Buy: Ceat Ltd.

Target

Motilal Oswal

CEAT's 3QFY21 stellar performance was driven by strong volume growth and lower than estimated RM cost inflation. Strong demand is expected to enable pass-through of RM cost inflation, help utilize recent capacity additions, drive FCF generation, and deleverage the Balance Sheet. We upgrade our FY21E/FY22E EPS by ~21%/14% to factor in expected increase in volume growth and price hikes. We see catalysts in the form of strong demand and robust margin to rollback underperformance in the stock in FY21 YTD. Maintain Buy....

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

Ceat Ltd.

20 Jan 2021

3539.90

1.04%

CEAT (SELL): Healthy Q3 but long-term woes remain; maintain SELL

Sell: Ceat Ltd.

BOB Capital Markets Ltd.

CEAT surprised positively on both revenue and earnings in Q3FY21, led by strong replacement demand and above-expected gross margins which could be a function of low-cost inventory.

Ceat Ltd. is trading above all available SMAs

Ceat Ltd.

12 Nov 2020

3539.90

1.04%

Restricted imports bode well for tyre companies: CEAT's Anant Goenka

Business Standard

The RPG flagship is riding high on a strong order book, will go ahead with investment plans to ramp up production to meet the domestic and export needs

Ceat Ltd. is trading above all available SMAs

Ceat Ltd.

02 Nov 2020

3539.90

1.04%

Buy CEAT; target of Rs 1317: Motilal Oswal

Moneycontrol

Motilal Oswal is bullish on CEAT recommended buy rating on the stock with a target price of Rs 1317 in its research report dated October 28, 2020.

Ceat Ltd. has an average target of 3906.60 from 6 brokers.

Ceat Ltd.

30 Oct 2020

3539.90

1.04%

Accumulate CEAT; target of Rs 1223: Dolat Capital Market

Moneycontrol

Dolat Capital Market recommended accumulate rating on CEAT with a target price of Rs 1223 in its research report dated October 28, 2020.

Ceat Ltd. is trading above all available SMAs

Ceat Ltd.

28 Oct 2020

3539.90

1.04%

Q2FY21 Result Update - Demand outlook positive led by OEM recovery - Accumulate

Accumulate: Ceat Ltd.

Target

Prabhudas Lilladhar

CEAT's 2QFY21 consol results beat estimates with margins expanding by 470bp YoY at 14.8% (PLe 11.6%) led by lower RM basket (-9% YoY), higher replacement mix at 70% (v/s 60% YoY). We expect reversal in margins to normalized levels at 11-12% in 2HFY21 led by a) increased share of OEM in...