NSE: CEATLTD | BSE: 500878

Strong Performer, Under Radar

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2640.70 37.20 (1.43%)

26.21% Fall from 52W High

58,781 NSE+BSE Volume

NSE 13 Mar, 2025 3:31 PM (IST)

10,681.7

Market Cap

High in industry

0.9

Beta 1Year

Low volatility

Ceat Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for CEATLTD, BSE:500878 Ceat Ltd.

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Ceat Ltd.

17 Jan 2025

2640.70

1.43%

Delivering on growth; margins to follow

Buy: Ceat Ltd.

Emkay

CEAT recorded accelerated revenue growth of 11% in Q3FY25 (~7.9%/1.5% volume /realization growth) with EBITDA ~5% above Consensus’, despite the ~60bps QoQ margin decline to 10.3% amid the ~1% higher RM.

Number of FII/FPI investors increased from 222 to 229 in Dec 2024 qtr.

Ceat Ltd.

12 Dec 2024

2640.70

1.43%

CEAT LIMITED EQ

Hold: Ceat Ltd.

Target

Prabhudas Lilladhar

Number of FII/FPI investors increased from 222 to 229 in Dec 2024 qtr.

Ceat Ltd.

11 Dec 2024

2640.70

1.43%

Camso acquisition strengthens CEAT Off-Highway positioning

Buy: Ceat Ltd.

Emkay

Attended CEAT’s conference call on its recent strategic acquisition (press release) of Camso (maker of high-margin Off-Highway bias tyres and tracks for compact construction equipment) brand’s business assets from Michelin, along with 2 plants in Sri Lanka at ~1x CY23 EV/Sales, for USD225mn (similar to replacement cost; includes global Camso brand access)

Ceat Ltd. is trading below all available SMAs

Ceat Ltd.

11 Dec 2024

2640.70

1.43%

Camso’s acquisition positive over medium to long term; maintaining a Buy

Buy: Ceat Ltd.

Anand Rathi

Ceat’s takeover of Camso would expand its presence in the higher profitability OHT segment. Further, it would also strengthen its presence in construction equipment (CE) globally. It would also add OEMs and distributors (key for success).

Number of FII/FPI investors increased from 222 to 229 in Dec 2024 qtr.

Ceat Ltd.

22 Oct 2024

2640.70

1.43%

BP Equities Q2FY25 Result Update CEAT Ltd

Results Update: Ceat Ltd.

BP Wealth

Ceat Ltd. has an average target of 3362.00 from 6 brokers.

Ceat Ltd.

19 Oct 2024

2640.70

1.43%

CEAT LIMITED EQ

Hold: Ceat Ltd.

Target

Prabhudas Lilladhar

Ceat Ltd. has an average target of 3362.00 from 6 brokers.

Ceat Ltd.

18 Oct 2024

2640.70

1.43%

Operating margins impacted by higher RM costs

Buy: Ceat Ltd.

Target

Motilal Oswal

Ceat Ltd (CEAT)’s 2QFY25 performance was impacted by higher RM costs, leading to a 100bp contraction in operating margins QoQ, which stood at 11% (est. 11.5%).

Ceat Ltd. is trading below all available SMAs

Ceat Ltd.

20 Jul 2024

2640.70

1.43%

CEAT LIMITED EQ

Accumulate: Ceat Ltd.

Target

Prabhudas Lilladhar

Ceat Ltd. is trading below all available SMAs

Ceat Ltd.

20 Jul 2024

2640.70

1.43%

Expecting profitability to stabilise around present levels

Sell: Ceat Ltd.

Target

ICICI Securities Limited

CEAT’s Q1FY25 EBITDAM stood at 12%, down ~350bps QoQ vs. consensus 12.5%, led by ~300bps lower GM. Raw material basket (RMB) cost was higher by 5% QoQ in Q1FY25 led by a surge in natural rubber cost.

Ceat Ltd. has an average target of 3362.00 from 6 brokers.

Ceat Ltd.

09 Jun 2024

2640.70

1.43%

Strengthening position in domestic replacement; expanding into export markets

Buy: Ceat Ltd.

Motilal Oswal

At its analyst meet, CEAT management highlighted its focus on: i) strengthening its brand presence in the domestic replacement segment, ii) expanding into export markets,
particularly in the US, EU, and LatAM, and iii) reaffirming its cautious approach to capex, which should help CEAT sustain its double-digit ROCE.

Ceat Ltd. is trading below all available SMAs

Is Ceat Ltd. worth buying?

258 Votes:

Buy 79.07%

Sell 12.02%

Hold 8.91%

RESEARCH REPORTS

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Hold SEE REPORTS >

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