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.
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Author: Chola Wealth Direct

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Ceat Ltd.

12 Feb 2020

3290.00

-0.47%

Ceat opens 1,400-crore radial tyre factory near Chennai

Business Line

Total investments in Chennai to touch 4,000 crore

Ceat Ltd. has gained 29.54% in the last 6 Months

CEAT to roll out 28,000 tyres from new unit, invest Rs 3,000 cr in 2-3 yrs

Business Standard | 12 Feb 2020 2 more

Ceat Ltd.

28 Jan 2020

3290.00

-0.47%

EARNINGS UPDATE- CEAT LTD 3QFY20

Sell: 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 (30%), 2W/3W (32%), Passenger vehicles (14%), LCV (11%), Farm (6%), and Specialty (6%). In terms of market, replacement contributed 58% of the sales while OEM and exports make up 27% and 15% of the sales, respectively. CEAT has a robust distribution network consisting of over 4,500 dealers, 33 regional offices and more than...

Emkay released a Buy report for Ceat Ltd. with a price target of 4600.0 on 07 Sep, 2025.

Ceat Ltd.

24 Jan 2020

3290.00

-0.47%

Ceat Q3: Here are key highlights of analysts concall

Moneycontrol

According to the Ceat management, the passenger car segment has shown high single-digit growth while 2-wheeler and commercial vehicles have posted declines in double digits.

Ceat Ltd. has gained 29.54% in the last 6 Months

Ceat Ltd.

23 Jan 2020

3290.00

-0.47%

Benign raw material prices fuel Ceat's margin, but outlook remains cautious

livemint

The margin beat was fuelled by soft and stable rubber prices during the quarter.As a result, Ceat's Ebitda jumped 29% yoy, despite a mere 2% rise in net revenue

Emkay released a Buy report for Ceat Ltd. with a price target of 4600.0 on 07 Sep, 2025.

Ceat Ltd.

23 Jan 2020

3290.00

-0.47%

Plants running at 80% capacity, have lined up Rs 1,000cr capex for FY21, says CEAT's Anant Goenka

Moneycontrol

Anant Goenka, Managing Director, CEAT, said demand will continue to remain subdued for another six-to-eight months. "Till August, things on the demand side can be challenging."

Ceat Ltd. is trading above its 200 day SMA of 3210.0

Ceat Ltd.

23 Jan 2020

3290.00

-0.47%

CEAT - 3QFY20 Result Update

Ceat Ltd.

Reliance Securities

Emkay released a Buy report for Ceat Ltd. with a price target of 4600.0 on 07 Sep, 2025.

Ceat Ltd.

22 Jan 2020

3290.00

-0.47%

Ceat Q3 profit up marginally at Rs 52.5 cr

Moneycontrol

Revenue from operations during the quarter under review stood at Rs 1,761.77 crore as against Rs 1,729.75 crore in the year-ago period, it added.

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

Ceat Q3 profit up marginally at 52.5 cr

Business Line | 22 Jan 2020

Ceat Ltd.

23 Oct 2019

3290.00

-0.47%

CEAT - 2QFY20 Result Update

Sell: Ceat Ltd.

Target

Reliance Securities

Higher Capex and Debt to Impact Profitability CEAT has delivered a strong operating performance in 2QFY20. Its EBIDTA margin was 110bps higher than our estimates, supported by lower commodity cost, while EBIDTA was 14% higher than our estimate. Its volume declined 3% YoY due to subdued sales in OEM segment, flat volumes in replacement and single digit growth in exports. Its consolidated revenue fell by 5% YoY and 4% QoQ to Rs17.5bn. Consolidated EBIDTA declined by 5% YoY (+3% QoQ) to Rs1.7bn, while adjusted PAT fell by 46% YoY as well as 46% QoQ to Rs445mn due to higher depreciation and interest outgo. EBIDTA margin improved 10bps YoY (+53bps QoQ) to 10.1% vs....