Annonce • Aug 18
Ceat Limited Declares Dividend for the Financial Year Ended March 31, 2026 CEAT Limited announced in the 67th annual annual general meeting of the company held on August 17, 2026, the declaration of dividend of INR 35/- (Rupees Thirty Five only) per equity share of face value of INR 10/- (Rupees Ten only) each for the Financial Year ended March 31, 2026. Declared Dividend • Jul 23
Dividend increased to ₹35.00 Dividend of ₹35.00 is 17% higher than last year. Ex-date: 31st July 2026 Payment date: 16th September 2026 Dividend yield will be 1.0%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (20% earnings payout ratio) and cash flows (22% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 86% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jul 21
CEAT Limited, Annual General Meeting, Aug 17, 2026 CEAT Limited, Annual General Meeting, Aug 17, 2026, at 15:00 Indian Standard Time. Reported Earnings • Jul 17
First quarter 2027 earnings: EPS and revenues miss analyst expectations First quarter 2027 results: EPS: ₹1.07 (down from ₹27.80 in 1Q 2026). Revenue: ₹43.2b (up 23% from 1Q 2026). Net income: ₹40.0m (down 96% from 1Q 2026). Profit margin: 0.1% (down from 3.2% in 1Q 2026). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 95%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jun 26
CEAT Limited to Report Q1, 2027 Results on Jul 16, 2026 CEAT Limited announced that they will report Q1, 2027 results on Jul 16, 2026 Price Target Changed • May 17
Price target decreased by 7.1% to ₹3,869 Down from ₹4,166, the current price target is an average from 17 analysts. New target price is 20% above last closing price of ₹3,212. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹152 for next year compared to ₹173 last year. Annonce • Apr 29
CEAT Limited Recommends Dividend for the Fiscal Year 2025-2026 CEAT Limited at its board of directors meeting held on April 28, 2026, recommended a dividend of INR 35.00 per share, i.e. 350% per equity share of face value of INR 10each fully paid up, for fiscal year 2025-2026, subject to approval of shareholders at the upcoming Annual General Meeting, which will be paid /dispatched within 30 days of such approval. Annonce • Apr 06
CEAT Limited to Report Fiscal Year 2026 Results on Apr 28, 2026 CEAT Limited announced that they will report fiscal year 2026 results on Apr 28, 2026 Reported Earnings • Jan 20
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹38.59 (up from ₹24.01 in 3Q 2025). Revenue: ₹41.6b (up 26% from 3Q 2025). Net income: ₹1.56b (up 60% from 3Q 2025). Profit margin: 3.7% (up from 2.9% in 3Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 4.1%. Earnings per share (EPS) missed analyst estimates by 12%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jan 06
CEAT Limited to Report Q3, 2026 Results on Jan 19, 2026 CEAT Limited announced that they will report Q3, 2026 results on Jan 19, 2026 Buy Or Sell Opportunity • Dec 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 18% to ₹3,909. The fair value is estimated to be ₹3,239, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Buy Or Sell Opportunity • Oct 20
Now 30% overvalued after recent price rise Over the last 90 days, the stock has risen 20% to ₹4,204. The fair value is estimated to be ₹3,245, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 33%. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 25% per annum over the same time period. Reported Earnings • Oct 19
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹45.98 (up from ₹30.13 in 2Q 2025). Revenue: ₹37.8b (up 14% from 2Q 2025). Net income: ₹1.86b (up 53% from 2Q 2025). Profit margin: 4.9% (up from 3.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.5%. Earnings per share (EPS) also surpassed analyst estimates by 45%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 35% per year. Annonce • Oct 06
CEAT Limited to Report Q2, 2026 Results on Oct 17, 2025 CEAT Limited announced that they will report Q2, 2026 results on Oct 17, 2025 Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Santrupt Misra was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Declared Dividend • Jul 26
Dividend of ₹30.00 announced Dividend of ₹30.00 is the same as last year. Ex-date: 8th August 2025 Payment date: 20th September 2025 Dividend yield will be 0.9%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is covered by both earnings (26% earnings payout ratio) and cash flows (82% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 99% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Annonce • Jul 25
CEAT Limited, Annual General Meeting, Aug 21, 2025 CEAT Limited, Annual General Meeting, Aug 21, 2025, at 15:00 Indian Standard Time. Reported Earnings • Jul 18
First quarter 2026 earnings: EPS misses analyst expectations First quarter 2026 results: EPS: ₹27.80 (down from ₹38.11 in 1Q 2025). Revenue: ₹35.3b (up 11% from 1Q 2025). Net income: ₹1.12b (down 27% from 1Q 2025). Profit margin: 3.2% (down from 4.8% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 45% per year whereas the company’s share price has increased by 46% per year. Buy Or Sell Opportunity • Jul 01
Now 20% undervalued Over the last 90 days, the stock has risen 26% to ₹3,656. The fair value is estimated to be ₹4,584, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.1% over the last 3 years. Earnings per share has grown by 58%. For the next 3 years, revenue is forecast to grow by 8.9% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹3,576, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Auto Components industry in India. Total returns to shareholders of 231% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹4,443 per share. Price Target Changed • May 04
Price target increased by 8.5% to ₹3,670 Up from ₹3,383, the current price target is an average from 18 analysts. New target price is 8.7% above last closing price of ₹3,376. Stock is up 33% over the past year. The company is forecast to post earnings per share of ₹183 for next year compared to ₹117 last year. Reported Earnings • Apr 30
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹117 (down from ₹159 in FY 2024). Revenue: ₹132.4b (up 11% from FY 2024). Net income: ₹4.73b (down 27% from FY 2024). Profit margin: 3.6% (down from 5.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Annonce • Apr 14
CEAT Limited to Report Fiscal Year 2025 Results on Apr 29, 2025 CEAT Limited announced that they will report fiscal year 2025 results on Apr 29, 2025 Annonce • Apr 11
CEAT Limited Announces Resignation of Pravinsingh Pratapsingh Pardeshi as Non-Executive Independent Director, Member of Sustainability and Corporate Social Responsibility Committee and Stakeholders Relationship Committee, Effective April 10, 2025 CEAT Limited announced that Pravinsingh Pratapsingh Pardeshi (DIN: 01658052), Non-Executive Independent Director, has tendered resignation as a Non-Executive, Independent Director of the Company with effect from the close of business hours of April 10, 2025 due to other pre-occupations and consequently, he also ceases to be the Member of Sustainability and Corporate Social Responsibility Committee and Stakeholders Relationship Committee of the Board. Annonce • Feb 18
CEAT Limited Announces Resignation of Ranjit Vasant Pandit as Non-Executive Independent Director CEAT Limited informed that Mr. Ranjit Vasant Pandit, Non-Executive Independent Director, has tendered resignation, conveying that in view of completion of nearly ten years on the Board, he wishes to relinquish the position of Director on the Board of the Company, with effect from close of business hours on March 2, 2025. Names of listed entities in which the director holds directorships; Great Eastern Shipping Company Limited and Just Dial Limited (Independent Director) Committee Membership in Just Dial Limited: Audit Committee Chairman. Reported Earnings • Jan 16
Third quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2025 results: EPS: ₹24.01 (down from ₹44.87 in 3Q 2024). Revenue: ₹33.0b (up 12% from 3Q 2024). Net income: ₹971.1m (down 47% from 3Q 2024). Profit margin: 2.9% (down from 6.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.0%. Earnings per share (EPS) missed analyst estimates by 11%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 39% per year, which means it is significantly lagging earnings growth. Annonce • Jan 04
CEAT Limited to Report Q3, 2025 Results on Jan 15, 2025 CEAT Limited announced that they will report Q3, 2025 results at 12:15 PM, Indian Standard Time on Jan 15, 2025 Price Target Changed • Oct 27
Price target increased by 7.0% to ₹3,236 Up from ₹3,023, the current price target is an average from 18 analysts. New target price is 18% above last closing price of ₹2,748. Stock is up 30% over the past year. The company is forecast to post earnings per share of ₹141 for next year compared to ₹159 last year. Reported Earnings • Oct 18
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: ₹30.13 (down from ₹51.42 in 2Q 2024). Revenue: ₹33.0b (up 8.2% from 2Q 2024). Net income: ₹1.22b (down 41% from 2Q 2024). Profit margin: 3.7% (down from 6.8% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 15%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 31% per year, which means it is significantly lagging earnings growth. Annonce • Oct 03
CEAT Limited to Report Q2, 2025 Results on Oct 17, 2024 CEAT Limited announced that they will report Q2, 2025 results on Oct 17, 2024 Annonce • Sep 25
Ceat Limited Announces Cessation Change in Directorate CEAT Limited announced that the second consecutive term of office, for the following Independent Directors of the Company, ended on September 25, 2024: Mr. Atul Choksey, Mr. Haigreve Khaitan, and Mr. Mahesh S. Gupta. Accordingly, they will cease to be an Independent Director of the Company with effect from September 26, 2024. Upcoming Dividend • Aug 02
Upcoming dividend of ₹30.00 per share Eligible shareholders must have bought the stock before 09 August 2024. Payment date: 28 September 2024. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 1.1%. Within top quartile of Indian dividend payers (1.1%). Higher than average of industry peers (0.5%). Annonce • Jul 26
CEAT Limited, Annual General Meeting, Aug 29, 2024 CEAT Limited, Annual General Meeting, Aug 29, 2024, at 15:00 Indian Standard Time. New Risk • Jul 21
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 43% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (43% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jul 20
First quarter 2025 earnings: EPS and revenues exceed analyst expectations First quarter 2025 results: EPS: ₹38.11 (up from ₹35.75 in 1Q 2024). Revenue: ₹32.0b (up 9.0% from 1Q 2024). Net income: ₹1.54b (up 6.6% from 1Q 2024). Profit margin: 4.8% (down from 4.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) also surpassed analyst estimates by 8.1%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Annonce • Jul 10
CEAT Limited to Report Q1, 2025 Results on Jul 18, 2024 CEAT Limited announced that they will report Q1, 2025 results on Jul 18, 2024 Annonce • Jul 01
CEAT Limited Announces Executive Changes CEAT Limited announced resignation of Mr. Saurav Mukherjee as Senior Vice President Global Sales dated 30 June 2024 to pursue personal interests. Further, Mr. Vishal Pawar has been appointed as Senior Vice President Global Sales and Supply Chain Management and has been identified as SMP with effect from 1 July 2024. Vishal has completed his Bachelor's in Engineering and MBA in Marketing. He has 22 years of experience of which about 13 years have been with CEAT. His recent assignment with CEAT was Vice President Replacement Sales, where he was responsible for PAN India Sales. Board Change • Jul 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Daisy Chittilapilly was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Annonce • Jun 08
CEAT Limited Approves Appointment of Ms. Daisy Chittilapilly as an Independent Director CEAT Limited informed that as set out in the Notice of Postal Ballot, the following special resolutions have been as passed on June 6, 2024 through remote e-Voting: Appointment of Ms. Daisy Chittilapilly (DIN:09577569) as an Independent Director of the Company. Annonce • May 03
CEAT Limited Recommends Final Dividend for the Year Ended March 31, 2024 CEAT Limited at its board meeting held on May 2, 2024 recommended final dividend of INR 30/- (Rupees Thirty only), i.e. 300% (Three Hundred percent) per equity share of face value of INR 10 (Rupees Ten only) each fully paid up, for the financial year ended March 31, 2024, subject to the approval of the members at upcoming Annual General Meeting, which will be paid /dispatched within 30 days of its declaration thereat. Reported Earnings • May 02
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹159 (up from ₹46.03 in FY 2023). Revenue: ₹119.6b (up 5.7% from FY 2023). Net income: ₹6.43b (up 245% from FY 2023). Profit margin: 5.4% (up from 1.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 7.8%. Revenue is forecast to grow 8.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 23% per year whereas the company’s share price has increased by 25% per year. Annonce • Apr 21
CEAT Limited to Report Q4, 2024 Results on May 02, 2024 CEAT Limited announced that they will report Q4, 2024 results on May 02, 2024 Annonce • Mar 15
CEAT Limited Announces Reconstitution of Board Committees CEAT Limited announced that the Board considered inducting the new directors on various Board committees by reconstituting the committees as under: i. Audit Committee Mr. Mahesh Gupta Chairman, Mr. Paras Chowdhary – Member, Mr. Atul Choksey Member, Mr. Milind Sarwate – Member, ii. Risk Management Committee, Mr. Mahesh Gupta Chairman, Mr. Paras Chowdhary – Member, Mr. Anant Goenka Member, Mr. Milind Sarwate – Member, iii. Nomination and Remuneration Committee Mr. Mahesh Gupta Chairman, Mr. Paras Chowdhary – Member, Mr. Atul Choksey Member, Ms. Sukanya Kripalu – Member, iv. Stakeholders' Relationship Committee Mr. Anant Goenka Chairman, Mr. Mahesh Gupta Member, Mr. Paras Chowdhary Member, Mr. Arnab Banerjee – Member, v. Sustainability and CSR Committee Mr. Anant Goenka Chairman, Mr. Paras Chowdhary Member, Ms. Priya Nair – Member, Ms. Sukanya Kripalu – Member. Price Target Changed • Jan 29
Price target increased by 13% to ₹2,815 Up from ₹2,492, the current price target is an average from 19 analysts. New target price is approximately in line with last closing price of ₹2,725. Stock is up 80% over the past year. The company is forecast to post earnings per share of ₹172 for next year compared to ₹46.02 last year. Reported Earnings • Jan 26
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: ₹44.87 (up from ₹8.75 in 3Q 2023). Revenue: ₹29.6b (up 8.7% from 3Q 2023). Net income: ₹1.81b (up 413% from 3Q 2023). Profit margin: 6.1% (up from 1.3% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 19%. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹2,914, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 27x in the Auto Components industry in India. Total returns to shareholders of 99% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,938 per share. Annonce • Jan 11
CEAT Limited to Report Nine Months, 2024 Results on Jan 24, 2024 CEAT Limited announced that they will report nine months, 2024 results on Jan 24, 2024 Annonce • Oct 07
CEAT Limited to Report Q2, 2024 Results on Oct 16, 2023 CEAT Limited announced that they will report Q2, 2024 results on Oct 16, 2023 New Risk • Sep 26
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 11% per year over the past 5 years. Minor Risks High level of debt (64% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Price Target Changed • Jul 28
Price target increased by 8.7% to ₹2,102 Up from ₹1,935, the current price target is an average from 18 analysts. New target price is 14% below last closing price of ₹2,434. Stock is up 93% over the past year. The company is forecast to post earnings per share of ₹136 for next year compared to ₹46.02 last year. Reported Earnings • Jul 26
First quarter 2024 earnings released: EPS: ₹35.75 (vs ₹2.29 in 1Q 2023) First quarter 2024 results: EPS: ₹35.75 (up from ₹2.29 in 1Q 2023). Revenue: ₹29.4b (up 4.3% from 1Q 2023). Net income: ₹1.45b (up ₹1.35b from 1Q 2023). Profit margin: 4.9% (up from 0.3% in 1Q 2023). Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 42% per year, which means it is well ahead of earnings. Annonce • Jul 15
CEAT Limited to Report Q1, 2024 Results on Jul 25, 2023 CEAT Limited announced that they will report Q1, 2024 results on Jul 25, 2023 New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.1% average weekly change). Annonce • Jul 06
CEAT Limited Approves Dividend for the Financial Year Ended March 31, 2023 CEAT Limited at the Annual General Meeting held on July 5, 2023 approved declaration of dividend of INR 12 per equity share of face value of INR 10 each for the financial year ended March 31, 2023. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹2,485, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 23x in the Auto Components industry in India. Total returns to shareholders of 181% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,093 per share. Reported Earnings • Jun 14
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ₹46.03 (up from ₹17.60 in FY 2022). Revenue: ₹113.1b (up 21% from FY 2022). Net income: ₹1.86b (up 162% from FY 2022). Profit margin: 1.6% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Upcoming Dividend • Jun 13
Upcoming dividend of ₹12.00 per share at 0.6% yield Eligible shareholders must have bought the stock before 20 June 2023. Payment date: 03 August 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (0.9%). Annonce • Jun 09
CEAT Limited, Annual General Meeting, Jul 05, 2023 CEAT Limited, Annual General Meeting, Jul 05, 2023, at 15:00 Indian Standard Time. Annonce • Jun 02
CEAT Limited Announces Resignation of Vinay Bansal as Non-Executive Independent Director CEAT Limited announced that Mr. Vinay Bansal, aged 78, Non-executive Independent Director on the Board of the Company, has vide his letter dated June 1, 2023, informed of his desire to resign from the Board as a Non-executive Independent Director of the Company owing to his advancing age and consequently also from his membership of the Committees of the Board he has been serving on, with effect from the close of business hours on June 1, 2023. Audit Committee: Mr. Mahesh Gupta - Chairman, Mr. Paras Chowdhary - Member, Mr. Atul Choksey - Member. Risk Management Committee: Mr. Mahesh Gupta - Chairman, Mr. Paras Chowdhary - Member Mr. Anant Goenka - Member. Nomination and Remuneration Committee: Mr. Mahesh Gupta - Chairman Mr. Paras Chowdhary - Member Mr. Atul Choksey - Member. Stakeholders' Relationship Committee: Mr. Anant Goenka - Chairman, Mr. Mahesh Gupta - Member, Mr. Paras Chowdhary - Member. Price Target Changed • May 08
Price target increased by 10% to ₹1,764 Up from ₹1,598, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of ₹1,710. Stock is up 55% over the past year. The company is forecast to post earnings per share of ₹117 for next year compared to ₹46.02 last year. Reported Earnings • May 06
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ₹46.02 (up from ₹17.60 in FY 2022). Revenue: ₹113.1b (up 21% from FY 2022). Net income: ₹1.86b (up 162% from FY 2022). Profit margin: 1.6% (up from 0.8% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Auto Components industry in India. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 33% per year, which means it is well ahead of earnings. Annonce • May 05
Ceat Limited Recommends Final Dividend for the Financial Year Ended March 31, 2023 CEAT Limited Recommended final dividend INR 12 per equity share of face value of INR 10 each fully paid up, for the financial year ended March 31, 2023, subject to the approval of the members at ensuing Annual General Meeting, which will be paid /dispatched within 30 days of its declaration thereat.