NSE: CEATLTD | BSE: 500878

Mid-range Performer

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3376.30 44.30 (1.33%)

High volume today

NSE 02 May, 2025 3:31 PM (IST)

13,657.2

Market Cap

High in industry

1.0

Beta 1Year

Average volatility

Estimates Beat

Ceat's Q4 revenue of Rs 3,420.6 crore beats Forecaster estimates by 2.6% See details

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.

21 Jan 2022

3376.30

1.33%

High cost inflation, adverse mix induce first loss in a decade

Buy: Ceat Ltd.

Target

Motilal Oswal

CEAT's revenue grew ~9% YoY (-2% QoQ) to INR24.1b, but EBITDA fell 59% YoY (39% QoQ) in 3QFY22 to INR1.3b (INR2.1b est.). It incurred a first quarterly loss in a decade at INR148m (v/s PAT of INR1.4b in 3QFY21). Its 9MFY22 revenue grew 27% YoY but EBITDA/PAT declined 28%/83.5% YoY. Volumes fell 5.5% YoY (3% QoQ), impacted by a decline in replacement (14% YoY) and OEM (7% YoY) but offset by strong exports (+27% YoY). Gross margin contracted 11.6pp YoY (-290bp QoQ) to 34% (v/s 36% est.), impacted by cost inflation (4% QoQ increase in RM basket, but price hike of...

Ceat Ltd. has gained 20.17% in the last 6 Months

Ceat Ltd.

21 Jan 2022

3376.30

1.33%

High cost inflation, adverse mix induce first loss in a decade

Economy Update: Ceat Ltd.

Motilal Oswal

Ceat Ltd. has gained 17.38% in the last 1 Month

Ceat Ltd.

20 Jan 2022

3376.30

1.33%

Q3FY22 Result Update - RM cost pressure to continue amid rising debt levels - HOLD

Hold: Ceat Ltd.

Target

Prabhudas Lilladhar

CEAT's 3QFY22 consol. revenue came missed our estimates at Rs 24.1B (9% YoY/ -1% QoQ, PLe 26.5B) led by volume decline of 5.5% YoY/ 3% QoQ, while realizations grew ~2% sequentially. Margins came substantially lower at 5.5%...

Ceat Ltd. has gained 31.42% in the last 1 Year

Ceat Ltd.

20 Jan 2022

3376.30

1.33%

EARNINGS UPDATE- CEAT LTD 3QFY22

Buy: Ceat Ltd.

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. average weekly volume is high.

Ceat Ltd.

27 Oct 2021

3376.30

1.33%

Q2FY22 Result Update - Growth & Margin Headwinds to continue amid rising Debt - HOLD

Hold: Ceat Ltd.

Target

Prabhudas Lilladhar

CEAT's 2QFY22 consol. revenue came ahead of our estimates at Rs 24.5B (24% YoY/ 29% QoQ, PLe 22.5B) led by volume growth of 9% YoY/ 23% QoQ, while realizations grew ~5% sequentially. Margins came lower at 9.0% (-580bp...

Ceat Ltd. is trading at high day volume of 702.4K.

Ceat Ltd.

27 Oct 2021

3376.30

1.33%

EARNINGS UPDATE- CEAT LTD. 2QFY22

Buy: Ceat Ltd.

Target

Chola Wealth Direct

Ceat Ltd. has gained 31.42% in the last 1 Year

Ceat Ltd.

26 Oct 2021

3376.30

1.33%

Better-than-expected operating performance led by strong revenue growth

Buy: Ceat Ltd.

Target

Motilal Oswal

CEAT's 2QFY22 operating performance was led by a strong revenue growth, although higher depreciation and interest impacted PAT. Contrary to our earlier expectation, cost inflation is expected to persist in 2HFY22, thereby deferring CEAT's margin improvement to 1HFY23. Hence, we cut our FY22E/FY23E EPS estimates by ~42%/13% to factor in the RM cost inflation, higher depreciation and interest cost. Maintain Buy....

Ceat Ltd. has gained 20.17% in the last 6 Months

Ceat Ltd.

01 Sep 2021

3376.30

1.33%

CEAT LTD

Buy: Ceat Ltd.

Hem Securities

PV and 2W segments are seeing strong momentum while T&B segment is going to gradually pick up from H2FY22. High single digit growth is difficult to achieve in FY22 because of high base. Raw material cost is likely to increase by 3% to 4% in Q2FY22 (QoQ) Company has already taken a price hike of ~4% in Q1FY22 and expects to take another 3% hike in Q2FY22....