CEAT Limited manufactures and sells automotive tires, tubes, and flaps in India and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||₹1,329.55|
|52 Week High||₹1,018.60|
|52 Week Low||₹1,763.15|
|1 Month Change||1.12%|
|3 Month Change||-2.71%|
|1 Year Change||25.62%|
|3 Year Change||26.97%|
|5 Year Change||8.79%|
|Change since IPO||6,547.75%|
Recent News & Updates
|500878||IN Auto Components||IN Market|
Return vs Industry: 500878 underperformed the Indian Auto Components industry which returned 75.5% over the past year.
Return vs Market: 500878 underperformed the Indian Market which returned 65.9% over the past year.
Stable Share Price: 500878 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: 500878's weekly volatility (3%) has been stable over the past year.
About the Company
CEAT Limited manufactures and sells automotive tires, tubes, and flaps in India and internationally. The company offers rubber tires and tubes for scooters, bikes, three wheelers, cars, buses, LCVs, trucks, and tractors. CEAT Limited also exports its products to approximately 100 countries.
CEAT Fundamentals Summary
|500878 fundamental statistics|
Is 500878 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|500878 income statement (TTM)|
|Cost of Revenue||₹47.61b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
Oct 25, 2021
|Earnings per share (EPS)||121.33|
|Net Profit Margin||5.85%|
How did 500878 perform over the long term?See historical performance and comparison
1.4%Current Dividend Yield
Is CEAT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: 500878 (₹1329.55) is trading below our estimate of fair value (₹2716.32)
Significantly Below Fair Value: 500878 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: 500878 is good value based on its PE Ratio (11x) compared to the Indian Auto Components industry average (21.6x).
PE vs Market: 500878 is good value based on its PE Ratio (11x) compared to the Indian market (21.9x).
Price to Earnings Growth Ratio
PEG Ratio: 500878 is poor value based on its PEG Ratio (1.3x)
Price to Book Ratio
PB vs Industry: 500878 is good value based on its PB Ratio (1.6x) compared to the IN Auto Components industry average (2.1x).
How is CEAT forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 500878's forecast earnings growth (8.6% per year) is above the savings rate (6.7%).
Earnings vs Market: 500878's earnings (8.6% per year) are forecast to grow slower than the Indian market (19.1% per year).
High Growth Earnings: 500878's earnings are forecast to grow, but not significantly.
Revenue vs Market: 500878's revenue (7.9% per year) is forecast to grow slower than the Indian market (12.8% per year).
High Growth Revenue: 500878's revenue (7.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 500878's Return on Equity is forecast to be low in 3 years time (10.4%).
How has CEAT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 500878 has high quality earnings.
Growing Profit Margin: 500878's current net profit margins (5.8%) are higher than last year (1.9%).
Past Earnings Growth Analysis
Earnings Trend: 500878's earnings have declined by 2.8% per year over the past 5 years.
Accelerating Growth: 500878's earnings growth over the past year (330.9%) exceeds its 5-year average (-2.8% per year).
Earnings vs Industry: 500878 earnings growth over the past year (330.9%) exceeded the Auto Components industry 139.8%.
Return on Equity
High ROE: 500878's Return on Equity (14.7%) is considered low.
How is CEAT's financial position?
Financial Position Analysis
Short Term Liabilities: 500878's short term assets (₹22.4B) do not cover its short term liabilities (₹30.5B).
Long Term Liabilities: 500878's short term assets (₹22.4B) exceed its long term liabilities (₹17.5B).
Debt to Equity History and Analysis
Debt Level: 500878's debt to equity ratio (45.9%) is considered high.
Reducing Debt: 500878's debt to equity ratio has increased from 32% to 45.9% over the past 5 years.
Debt Coverage: 500878's debt is well covered by operating cash flow (88.6%).
Interest Coverage: 500878's interest payments on its debt are well covered by EBIT (4x coverage).
What is CEAT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 500878's dividend (1.35%) is higher than the bottom 25% of dividend payers in the Indian market (0.33%).
High Dividend: 500878's dividend (1.35%) is low compared to the top 25% of dividend payers in the Indian market (1.38%).
Stability and Growth of Payments
Stable Dividend: 500878's dividend payments have been volatile in the past 10 years.
Growing Dividend: 500878's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (14.8%), 500878's dividend payments are thoroughly covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: 500878's dividends in 3 years are forecast to be well covered by earnings (17% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Anant Goenka (40 yo)
Mr. Anant Vardhan Goenka serves as Non-Independent Non-Executive Director at Zensar Technologies Limited since 2019. Mr. Goenka served as Additional Non-Independent Non-Executive Director at Zensar Technol...
CEO Compensation Analysis
Compensation vs Market: Anant's total compensation ($USD416.30K) is about average for companies of similar size in the Indian market ($USD382.31K).
Compensation vs Earnings: Anant's compensation has been consistent with company performance over the past year.
Experienced Management: 500878's management team is considered experienced (4.8 years average tenure).
Experienced Board: 500878's board of directors are considered experienced (9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
CEAT Limited's employee growth, exchange listings and data sources
- Name: CEAT Limited
- Ticker: 500878
- Exchange: BSE
- Founded: 1958
- Industry: Tires and Rubber
- Sector: Automobiles
- Market Cap: ₹53.613b
- Shares outstanding: 40.45m
- Website: https://www.ceat.com
Number of Employees
- CEAT Limited
- RPG House
- 463, Dr. Annie Besant Road
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/10/20 12:01|
|End of Day Share Price||2021/10/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.