|
12 Sep 2025 |
Ceat
|
Consensus Share Price Target
|
3280.40 |
3927.28 |
- |
19.72 |
buy
|
|
|
|
|
09 Nov 2022
|
Ceat
|
Prabhudas Lilladhar
|
3280.40
|
1775.00
|
1722.00
(90.50%)
|
Target met |
Accumulate
|
|
|
|
|
08 Nov 2022
|
Ceat
|
Motilal Oswal
|
3280.40
|
1950.00
|
1706.05
(92.28%)
|
Target met |
Buy
|
|
|
|
|
15 Sep 2022
|
Ceat
|
ICICI Direct
|
3280.40
|
|
1582.05
(107.35%)
|
|
Not Rated
|
|
|
|
|
22 Jul 2022
|
Ceat
|
Chola Wealth Direct
|
3280.40
|
1310.00
|
1221.80
(168.49%)
|
Target met |
Accumulate
|
|
|
|
|
09 May 2022
|
Ceat
|
Chola Wealth Direct
|
3280.40
|
1270.00
|
1102.95
(197.42%)
|
Target met |
Buy
|
|
|
|
|
21 Jan 2022
|
Ceat
|
Motilal Oswal
|
3280.40
|
1400.00
|
1111.50
(195.13%)
|
Target met |
Buy
|
|
|
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...
|
|
20 Jan 2022
|
Ceat
|
Chola Wealth Direct
|
3280.40
|
|
1111.50
(195.13%)
|
|
Buy
|
|
|
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...
|
|
20 Jan 2022
|
Ceat
|
Prabhudas Lilladhar
|
3280.40
|
1174.00
|
1071.95
(206.02%)
|
Target met |
Hold
|
|
|
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%...
|
|
27 Oct 2021
|
Ceat
|
Prabhudas Lilladhar
|
3280.40
|
1344.00
|
1265.50
(159.22%)
|
Target met |
Hold
|
|
|
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...
|
|
27 Oct 2021
|
Ceat
|
Chola Wealth Direct
|
3280.40
|
1408.00
|
1281.05
(156.07%)
|
Target met |
Buy
|
|
|
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...
|