NSE: CEATLTD | BSE: 500878

Strong Performer, Getting Expensive

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3466.30 11.40 (0.33%)

47.94% Gain from 52W Low

52,284 NSE+BSE Volume

NSE 25 Sep, 2025 12:04 PM (IST)

14,021.2

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 Oct 2020

3466.30

0.33%

Q2FY21 Result Update - Demand outlook positive led by OEM recovery - Accumulate

Accumulate: Ceat Ltd.

Target

Prabhudas Lilladhar

CEAT's 2QFY21 consol results beat estimates with margins expanding by 470bp YoY at 14.8% (PLe 11.6%) led by lower RM basket (-9% YoY), higher replacement mix at 70% (v/s 60% YoY). We expect reversal in margins to normalized levels at 11-12% in 2HFY21 led by a) increased share of OEM in...

Ceat Ltd. is trading below its 100 day SMA of 3532.6

Ceat Ltd.

22 Sep 2020

3466.30

0.33%

BP Equities CEAT Ltd Initiating Coverage BUY Target 1140 22nd Sept 2020

Buy: Ceat Ltd.

BP Wealth

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

Ceat Ltd.

01 Sep 2020

3466.30

0.33%

Ceat

Accumulate: Ceat Ltd.

Recommendation Target

Dolat Capital

Ceat Ltd. has gained 21.32% in the last 6 Months

Ceat Ltd.

30 Jul 2020

3466.30

0.33%

Q1FY21 Result Update - Scalability of new launches key; Hold

Hold: Ceat Ltd.

Target

Prabhudas Lilladhar

Did not avail any moratorium concession due to stable liquidity position. CEAT's consolidated performance was better led by higher than expected volumes in the replacement side while pricing remained stable. We expect operating performance to be healthy in near to med term led by better mix...

Ceat Ltd. has gained 21.32% in the last 6 Months

Ceat Ltd.

05 Jun 2020

3466.30

0.33%

EARNINGS UPDATE- CEAT LTD 4QFY20

Sell: 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 (31%), 2W/3W (31%), 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 4,000+ dealers, 33 regional offices and more than...

Ceat Ltd. has gained 21.32% in the last 6 Months

Ceat Ltd.

30 May 2020

3466.30

0.33%

Q4FY20 Result Update - Soft RM, cost control drive margin beat - Accumulate

Accumulate: Ceat Ltd.

Recommendation Target

Prabhudas Lilladhar

With a bunch of capex behind and a further cut should help FCF to improve. by volume decline as pricing was stable. Margins were better at 12.7% (PLe 7.1%), led by soft RM and cost control initiatives. While we slash FY21/22 revenues by 10.1%/8.6% (to factor in for lower OEM sales and weak replacement sales in CV segment), we upgrade margins by 100bp/80bp due to higher replacement share, lower RM and cost control benefits. This has...

Ceat Ltd. is trading above its 200 day SMA of 3227.1

Ceat Ltd.

29 May 2020

3466.30

0.33%

Above est., led by lower RM; RM tailwind to sustain

Buy: Ceat Ltd.

Target

Motilal Oswal

This, coupled with the tax benefit on accumulated loss in the OTR business, offset the impact of Hence, we largely maintain our estimate, which implies ~2%/12%/15% CEATs revenues/EBITDA/PAT grew -11%/23%/-12% YoY in 4QFY20, and growth in FY20 stood at -3%/13%/-15%. However, higher expenses at the new TBR plant, partially offset by lower tax, resulted in 12% YoY decline in adj. For FY21, it should be better for Farm>2W>PC>CV as CVs RM cost would drop as natural rubber/crude prices have declined ~15%/50% from pre-COVID levels; however, the benefit would reflect only FY21 project capex guidance reduced to INR55.5b (v/s earlier guidance of INR810b), plus INR11.5b in maintenance capex. Of the total project cost of ~INR40b for capacity additions, the company has to date It has received approval from NCLT for the merger of the OTR business (100% sub) w.

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

Ceat Ltd.

29 May 2020

3466.30

0.33%

Ceat

Buy: Ceat Ltd.

Target

Dolat Capital

Beat estimates; Short term blip, long term positive CEAT reported a strong operating performance in Q4FY20, despite challenging conditions. EBITDA grew 23% YoY to Rs 2bn. Operating margin benefited from lower RM prices, operational efficiency, and 40bps in positive impact due to finished goods inventory absorption. EBITDA margin, adjusted for one-offs, expanded 190bps QoQ to 12.3% (versus our estimate of Rs.10.3bn). Consolidated revenue de-grew 10.6% YoY to Rs.15.7bn (versus our estimate of Rs.16.1bn)....

Ceat Ltd. is trading above its 200 day SMA of 3227.1

Ceat Ltd.

28 Jan 2020

3466.30

0.33%

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...