Ceat Ltd. share price target and research reports

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

Ceat Ltd.

09 Jan 2016

3770.20

0.54%

CEAT Ltd: Riding on Next Phase of Growth with Capex (Jan 09, 2016)

Buy: Ceat Ltd.

Karvy

Over the years, the company has decreased its share of revenue from CV (Commercial Vehicle) segment from 60% in FY10 to 40% in FY15 by increasing share of revenue from 2/3 wheeler, PC and UV segments. The company continues to focus on these segments going forward on the back of higher growth, good realizations and strong brand preference by the consumers.

Emkay increased Buy price target of Ceat Ltd. to 4100.0 on 01 May, 2025.

Ceat Ltd.

02 Nov 2015

3770.20

0.54%

EARNINGS UPDATE - CEAT

Ceat Ltd.

Chola Wealth Direct

Background: CEAT, part of the RPG group, is one among the top four tire manufacturers in India. With a total manufacturing capacity of 810 MT/day & manufacturing plants situated in Nashik, Bhandup (Mumbai) and Halol, Gujarat, the company manufactures all tires: Truck & Bus (42%),2W(20%), Passenger vehicles (10%). LCV (13%), Farm (9%) & Specialty (6%). In terms of market, replacement contributed 62% of the sales while OEM and exports make up 20% and 18% of the sales. CEAT has a robust distribution network consisting of over 3500 dealers, 33 regional offices and more that 100 C&F; agents. CEAT commands 12% market share in the T&B;...

Ceat Ltd. has gained 33.11% in the last 1 Month

Ceat Ltd.

01 Sep 2015

3770.20

0.54%

Ceat Ltd.

Buy: Ceat Ltd.

Ashika Research

(Mumbai) and Halol, Gujarat, the company manufactures all tyres: Truck & Bus (T&B;) (42%),2W(20%), Passenger vehicles (10%), LCV (13%), Farm (9%) & Specialty (6%). In terms of market,...

Ceat Ltd. has gained 68.62% in the last 1 Year

Ceat Ltd.

27 Jul 2015

3770.20

0.54%

EARNINGS UPDATE - CEAT

Neutral: Ceat Ltd.

Recommendation

Chola Wealth Direct

Consolidated EBITDA margin came in at 15.3%, up 270bps QoQ led by a 150bps QoQ improvement in gross margin and 110bps QoQ reduction in other expenses to- sales ratio. Improvement in gross margin was supported by decline in carbon black prices to INR55/kg from INR75/kg during 1QFY16, coupled with a major decline in synthetic rubber prices to ~INR95/kg from INR120/kg. Gross profit/kg remained almost flat QoQ as blended realization declined 3% YoY, in sync with the fall in the raw material basket (RMB). Management highlighted Personal mobility segments - PCR, UVR and 2W tyres - grew ~20%...