NSE: CEATLTD | BSE: 500878

Mid-range Performer

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3470.00 93.70 (2.78%)

High vol.+gain this week

NSE 05 May, 2025 11:39 AM (IST)

14,036.2

Market Cap

High in industry

1.0

Beta 1Year

Average 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.

Ceat Ltd.

28 Jan 2020

3470.00

2.78%

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

Ceat Ltd.

23 Jan 2020

3470.00

2.78%

CEAT - 3QFY20 Result Update

Ceat Ltd.

Reliance Securities

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

Ceat Ltd.

23 Oct 2019

3470.00

2.78%

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....

Ceat Ltd. has gained 21.02% in the last 1 Month

Ceat Ltd.

05 Aug 2019, 12:00AM

3470.00

2.78%

CEAT - 1QFY20 Result Update

Sell: Ceat Ltd.

Recommendation Target

Reliance Securities

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

Ceat Ltd.

12 Jun 2019

3470.00

2.78%

Analyst Meet Update

Sell: Ceat Ltd.

Recommendation Target

Prabhudas Lilladhar

We attended CEAT's annual Investor day and are downgrading the stock Change in Estimates | Target | Reco from Hold' to Reduce' on account of further downside that we see to margins and rise in debt levels. Given the various capacity expansions (capex of...

Ceat Ltd. high volume past week with price gain of 14.35.

Ceat Ltd.

12 Jun 2019

3470.00

2.78%

Analyst Meet Update

Sell: Ceat Ltd.

Recommendation Target

Prabhudas Lilladhar

Ceat Ltd. is trading above all available SMAs

Ceat Ltd.

09 May 2019

3470.00

2.78%

First Light: CEAT, Mahindra Logistics

Sell: Ceat Ltd.

BOB Capital Markets Ltd.

CEAT's consolidated Q4FY19 revenues grew 5.2% YoY to Rs 17.6bn supported by a ~6% increase in realisations. EBITDA dropped 18% YoY as margins slipped 260bps to 9.2%. A lower tax rate slowed the decline in adj. PAT to 2% YoY at Rs 926mn. As per management, the demand climate remains challenging due to sluggish OEM sales as well as a replacement market slowdown, while rising crude and rubber prices could inflate RM costs. We trim FY20/FY21 EPS by 3%/6% to bake in lower revenues and roll over to a Mar'20 TP of Rs 1,350 (Rs 1,430 earlier)....

Ceat Ltd. high volume past week with price gain of 14.35.

Ceat Ltd.

08 May 2019

3470.00

2.78%

Ceat

Buy: Ceat Ltd.

Target

Dolat Capital

CEAT Q4 numbers were broadly in line with estimates. Consolidated revenue grew by 5.2% YoY to ` 17.6bn led by 6% increase in ASP partially offset by 1% de-growth in volume (affected by slowdown in both OEMs and replacement market). EBITDA fell 17.8% YoY to ` 1.62bn with muted margin at 9.2% (+100bps QoQ/-260bps YoY) led by negative operating leverage and higher ad spend. We believe that slowdown in replacement segment would continue in Q1 (especially in CV segment as business at ground level is pretty muted), while OEM production level would further...

Ceat Ltd. high volume past week with price gain of 14.35.

Ceat Ltd.

08 May 2019

3470.00

2.78%

Above est. led by cost control; demand remains weak

Buy: Ceat Ltd.

Target

Motilal Oswal

Earnings call highlights: (a) Price cut of ~1% across products in the replacement segment. (b) Replacement segment remains sluggish. But, industry should grow in single-digits. CEAT hopes to outperform driven by TBR & PCR capacity addition. (c) With inflation in crude and international rubber prices, it expects some cost pressures to reflect in 2QFY20. In a weak demand environment, it sees limited scope for a price hike in the near future, and hence, margins should be under stress. (d) FY20 consol. capex guidance is at INR15-16b (~INR11b in FY19). 2W capacity should start in the...

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

Ceat Ltd.

30 Jan 2019

3470.00

2.78%

Q3FY19 Result Update - Volume outlook subdued!

Accumulate: Ceat Ltd.

Target

Prabhudas Lilladhar

CEAT's Q3FY19 reported standalone operating margin at 8.3%, down 405bps Change in Estimates | Target | Reco quarter were down 170bp (despite RM/ton up 2% qoq) on account of a finished...

Ceat Ltd. has gained 26.82% in the last 6 Months

Is Ceat Ltd. worth buying?

259 Votes:

Buy 79.15%

Sell 11.97%

Hold 8.88%

RESEARCH REPORTS

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Hold SEE REPORTS >

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