C

CEAT Limited

CEATLTDNSE
Market snapshot · 2026-08-11 03:40 UTC

3,793.60

+₹70.50 (+1.89%)

MARKET CAP

₹15.35K Cr

STOCK P/E

25.5x

52W HIGH

₹4,438.00

52W LOW

₹3,000.50

BOOK VALUE

₹1,454.52

EPS

₹148.71

ROE

SECTOR

Consumer Discretionary

DEBT/EQUITY

64.74

VOLUME

92,758

P/B RATIO

2.61x

PEG RATIO

-0.27

Sector

Consumer Discretionary

Themes

Tires & RubberAuto AncillaryMukul Agrawal Portfolio
D
Dividend
E
Earnings
₹4,099.06₹3,839.36₹3,579.66₹3,319.96₹3,060.26VolumeEEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

CEAT is a tyre manufacturer serving two-wheelers, passenger cars, commercial vehicles, tractors, and industrial applications. Tubes, flaps, agricultural tyres, and industrial radial tyres broaden revenue across domestic and export markets. Revenue grew 18.9% year-on-year, while profit increased 47.7%, indicating improving operating leverage despite no major recent catalyst. Margins are improving, but the 64.74 debt-to-equity ratio means leverage can amplify ROE volatility; ROE is not disclosed. At 25.5x earnings, valuation appears fair relative to current growth, though financing costs and debt remain key risks. Neutral sentiment reflects limited near-term catalysts and uncertainty around sustaining profit growth.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for CEATLTD.

18.00 analysts

Price Forecast

Current
₹3,794
High Target
₹4,500
▲ +18.6%
Median Target
₹3,990
▲ +5.2%
Low Target
₹3,050
▼ -19.6%
Now₹3,794High ₹4,500Median ₹3,990Low ₹3,050Aug '25Now12M Target
Price history (1Y)
Analyst target range
18 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹2,970 - ₹4,87780%
6M₹2,689 - ₹5,42280%
12M₹2,340 - ₹6,31180%
Realized vol: +38.7% · Drift: +8.8%

Revenue Forecast

₹ Cr
Jun '26Current₹4,163.0
Sep 2026 ETrend estimate range
High₹4,751.9Base₹4,399.9Low₹4,047.9
Sep '25: ₹3,701.0 · Dec '25: ₹3,957.0 · Mar '26: ₹4,036.0 · Jun '26: ₹4,163.0 · Sep '26: ₹4,399.9 · Dec '26: ₹4,704.3
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E3,701.03,957.04,036.04,163.04,399.94,704.3
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Jun '26Current₹24.23
Sep 2026 ETrend estimate range
High₹83.98Base₹74.99Low₹65.99
Sep '25: ₹49.99 · Dec '25: ₹47.36 · Mar '26: ₹69.96 · Jun '26: ₹24.23 · Sep '26: ₹74.99 · Dec '26: ₹71.04
Sep '25Dec '25Mar '26Jun '26Sep '26 EDec '26 E49.9947.3669.9624.2374.9971.04
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
47%
Analyst Consensus
Weakening

From 18 analysts

Mean upside+2.9%

Fundamentals

Weakening

Fundamentals institutional score is 32 using growth durability 31.7.

Valuation

Premium valuation

Valuation institutional score is 33 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 47 using mean target upside 2.9%; dispersion penalty 14.9; recommendation breadth from available consensus.

Technical Structure

Strong Trend

Technicals institutional score is 76 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 1 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. technical structure provide support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Premium valuationAnalyst Consensus NeutralTechnical Structure Strong TrendMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price3,902 target
Mean Upside+2.9%
Technical Score76%
Fundamental Score32%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 28.3% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +1.4). Confidence: 81%.

Live forward EPS implies next-12-month EPS of ₹237.63. Applying the stock's normalized valuation corridor produces a fair range of ₹4,046.84 to ₹5,548.66, with base value near ₹4,724.08 (+24.5% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹237.63

Forward P/E

16.0x

Base Fair Value

₹4,724.08

Fair Range

₹4,046.84 - ₹5,548.66

Upside To Base

+24.5%

Estimate Source

Live forward EPS

Growth Estimate

-96.2%

P/E
Strongly Overvalued

5Y Average

16.00

Current

25.51

Overvalued

23.35

Undervalued

17.03

EV/EBITDA
Strongly Overvalued

5Y Average

5.32

Current

8.48

Overvalued

7.17

Undervalued

3.35

P/S
Strongly Overvalued

5Y Average

0.58

Current

0.93

Overvalued

0.67

Undervalued

0.50

Peers & Comparison

Sector: Consumer Discretionary · Theme: Tires & Rubber

Tires & Rubber Peers8 peers
Avg P/E: 45.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
MRF LTD
MRFTires & Rubber
+13.6%7.8%
23.4x
Undervalued
-49% vs avg
-4.5%
APOLLO TYRES LTD
APOLLOTYRETires & Rubber
+12.8%5.8%
20.6x
Undervalued
-55% vs avg
+1.4%
BALKRISHNA IND. LTD
BALKRISINDTires & Rubber
+6.9%12.3%
34.7x
Undervalued
-24% vs avg
+2.1%
JK TYRE & INDUSTRIES LTD
JKTYRETires & Rubber
+12.4%4.8%
14.1x
Undervalued
-69% vs avg
+23.6%
SONA BLW PRECISION FRGS L
SONACOMSAuto Parts
+52.4%14.2%
73.0x
Premium
+60% vs avg
+84.6%
UNO MINDA LIMITED
UNOMINDAAuto Parts
+23.8%5.8%
61.7x
Premium
+36% vs avg
+20.4%
SCHAEFFLER INDIA LIMITED
SCHAEFFLERAuto Parts
+17.3%11.9%
50.6x
Fair
+11% vs avg
+4.3%
+20.7%2.8%
86.1x
Premium
+89% vs avg
-7.6%
WHY THESE PEERS

CEAT LIMITED trades at a discount (26.0x vs peer avg 45.5x), suggesting potential undervaluation relative to the Tires & Rubber cohort. Peers include MRF LTD, APOLLO TYRES LTD, BALKRISHNA IND. LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹4.16K CrJun 2026

Latest net profit

₹98 CrJun 2026

Latest EPS

₹24.23Jun 2026

Net margin

9.0%Jun 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.0%4.0%8.0%12.0%16.0%0.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q1 '26Q2 '26Q3 '26Q4 '26Q1 '270.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr₹0₹20₹40₹60₹80
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr1.50K Cr3.00K Cr4.50K Cr6.00K Cr

Latest reported period: Jun 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-5.00K Cr0.00 Cr5.00K Cr10.00K Cr15.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales +2,9213,0432,9492,9793,1683,2983,2923,4143,5213,7013,9574,0364,163
Expenses +2,5352,5862,5322,5842,7872,9322,9483,0193,1303,1943,4003,4493,783
Operating Profit386457417395382366344395391507557587380
OPM %13%15%14%13%12%11%10%12%11%14%14%15%9%
Other Income +1643-4014203-332316-315215
Interest697165616166757482871058695
Depreciation121124127136132137141152151167165171168
Profit before tax212266228159202183130135181270256382132
Tax %25%25%23%25%26%25%26%26%25%25%25%26%26%
Net Profit +1591991771191491379610013520219228398
EPS in Rs39.4249.2343.6729.4336.8933.7523.7324.8233.3749.9947.3669.9624.23
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +47.21%47.21%47.21%47.29%47.29%
FIIs +17.39%16.21%16.92%16.55%13.82%
DIIs +20.07%21.05%20.48%20.90%22.19%
Public +15.33%15.38%15.12%14.99%16.42%
Others0.15%0.27%0.27%0.28%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Newspaper Publication

Aug 07, 2026PDFCompany Reports Open

CEAT Limited Has informed About Loss Of Share Certificates

Aug 05, 2026PDFCompany Reports Open

ESOP Updates

Jul 31, 2026PDFCompany Reports Open

CEAT Limited Has informed About Issue Of Duplicate Share Certificates

Jul 31, 2026PDFCompany Reports Open