NSE: CEATLTD | BSE: 500878

Strong Performer, Getting Expensive

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3765.90 91.90 (2.50%)

New 52W High in past week

291.5K NSE+BSE Volume

NSE 09 May, 2025 3:31 PM (IST)

15,233.1

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.

30 Jan 2019

3765.90

2.50%

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 31.42% in the last 6 Months

Ceat Ltd.

29 Jan 2019

3765.90

2.50%

Weak demand, adverse mix, inventory build-up hurt margins

Economy Update: Ceat Ltd.

Motilal Oswal

revenue grew ~9% YoY (-2% QoQ) to INR17.1b (in-line) in 3QFY19, driven by 2% YoY (-5.4% QoQ) volume growth. The impact of RM cost inflation of 2.1% QoQ was offset by price hike of 2-3%. EBITDA declined 24% YoY (-10% QoQ) to INR1.4b (our impacted by adverse mix and inventory build-up. EBITDA margin contracted 80bp QoQ/360bp YoY to 8.3%, below our estimate of 9.2%. Adj. PAT (a) OEM growth outpaced replacement growth (slowed down in CVs and farm but expected to recover from Mar19) in the quarter. (b) RM cost is likely to gradually decline Mar19 onward, with marginal benefit of lower RM cost in 4Q.

Ceat Ltd. has gained 58.88% in the last 1 Year

Ceat Ltd.

23 Jul 2018

3765.90

2.50%

CEAT - 1QFY19 Result Update

Buy: Ceat Ltd.

Reliance Securities

Ceat Ltd. has gained 31.12% in the last 3 Months

Ceat Ltd.

14 Jun 2018

3765.90

2.50%

Fueling growth on the back of capex

Buy: Ceat Ltd.

Target

Motilal Oswal

Strong focus on PCR, 2W and OHT bodes well for margins We met CEAT's MD Mr Anant Vardhan Goenka and CFO Mr Kumar Subbiah at the RPG Annual Investor Conference 2018. Key takeaways: CEAT plans to invest INR35-40b over the next 3-5 years to expand its capacity. This would lead to its capacity increasing by ~50% post full ramp-up in FY21. Majority of this capex is directed toward its focus areas of passenger car radial tyres...

Ceat Ltd. has gained 13.02% in the last 1 Week

Ceat Ltd.

10 May 2018, 12:00AM

3765.90

2.50%

Ceat

Buy: Ceat Ltd.

Dolat Capital

CEAT numbers reflect the challenges it seems to be facing in the retail market with increasing competition and lower growth in personal mobility segment (2W and 4W) as compared to the CV segment. CEAT is very small in CV segment. CEAT is going all guns blazing on advertising to hold on market share in the fiercely competitive market. Numbers were below parameters and we have revised our estimates downwards to factor in lower growth and intensive competition. Capacity expansion in on track but will be available from 2019 onwards. We rollover valuations to FY20E EPS and...

Ceat Ltd. is trading above all available SMAs

Ceat Ltd.

07 May 2018

3765.90

2.50%

CEAT - 4QFY18 Result Update

Buy: Ceat Ltd.

Target

Reliance Securities

CEAT's revenue grew by 14% YoY and 6% QoQ to Rs16.8bn, which is below our estimate of Rs18.1bn. Aggregate volume growth stood at 11.5% YoY for the quarter. OEM business grew by strong double digit, while replacement growth was muted at 3%. Looking ahead, we expect revenue growth to increase with the sustained volume growth from 2W (both in OCM and replacement) and ramp-up in Ambernath unit's utilisation. EBITDA grew by 50% YoY and 6% QoQ to Rs2bn vs. our estimate of Rs2.1bn owing to lower than estimated revenue growth. Adj...

Ceat Ltd. has gained 58.88% in the last 1 Year

Is Ceat Ltd. worth buying?

259 Votes:

Buy 79.15%

Sell 11.97%

Hold 8.88%

RESEARCH REPORTS

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Buy SEE REPORTS >

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