CEATLTD

CEAT Limited

CEAT Limited (CEATLTD) financial statements and selected valuation metrics through 30 September 2026.

Consumer Discretionary›Automobile and Auto Components›Auto Components›Tyres & Rubber Products

ceat.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹3294.90
Market cap
13,180 Cr
Stock P/E
25.6
P/B
2.66
Dividend yield
1.1%
ROE (FY26)
13.8%
ROCE (FY26)
16.6%
Operating margin (FY26)
8.6%
Debt / equity (FY26)
0.60
OCF / EBITDA (FY26)
87.2%
OCF / EBITDA (3Y)
88.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

CEAT makes tyres for two- and three-wheelers, passenger cars and utility vehicles, trucks and buses, light commercial vehicles and off-highway vehicles, and sells them to vehicle makers, to the replacement market and to export customers; it is part of the RPG Group.

Company snapshot

4thBy market cap

Ranked among 8 companies in Tyres & Rubber Products.

What we see

Positives
  • ✓89% of operating profit came in as cash over the last three years — profits are backed by real cash.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026Sept 2026
Sales2,963 Cr2,992 Cr3,193 Cr3,305 Cr3,300 Cr3,421 Cr3,529 Cr3,773 Cr4,157 Cr4,219 Cr4,318 Cr4,762 Cr
Operating expenses (approx.)2,546 Cr2,600 Cr2,810 Cr2,942 Cr2,959 Cr3,033 Cr3,142 Cr3,269 Cr3,594 Cr3,626 Cr3,953 Cr4,305 Cr
EBITDA418 Cr392 Cr383 Cr362 Cr341 Cr388 Cr388 Cr503 Cr563 Cr593 Cr365 Cr457 Cr
OPM %14.1%13.1%12.0%11.0%10.3%11.3%11.0%13.3%13.6%14.0%8.5%9.6%
Other income3 Cr3 Cr6 Cr3 Cr3 Cr5 Cr5 Cr4 Cr6 Cr26 Cr6 Cr5 Cr
Interest66 Cr62 Cr62 Cr66 Cr75 Cr74 Cr82 Cr87 Cr105 Cr85 Cr146 Cr87 Cr
Depreciation127 Cr136 Cr132 Cr137 Cr141 Cr152 Cr151 Cr174 Cr188 Cr184 Cr186 Cr193 Cr
Profit before tax236 Cr148 Cr208 Cr168 Cr133 Cr134 Cr154 Cr254 Cr223 Cr345 Cr37 Cr164 Cr
Tax %23.1%30.9%25.9%27.6%27.1%26.5%27.2%26.8%30.3%29.4%89.2%31.7%
Net profit181 Cr102 Cr154 Cr121 Cr97 Cr99 Cr112 Cr186 Cr155 Cr244 Cr4 Cr112 Cr
EPS (₹)₹44.87₹26.84₹38.11₹30.13₹24.01₹24.60₹27.80₹45.98₹38.59₹60.45₹1.07₹27.79

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,441 Cr6,400 Cr6,985 Cr6,779 Cr7,610 Cr9,363 Cr11,315 Cr11,943 Cr13,218 Cr15,678 CrSign in free for the trailing twelve months
Operating expenses (approx.)5,785 Cr5,785 Cr6,342 Cr6,055 Cr6,627 Cr8,654 Cr10,341 Cr10,291 Cr11,744 Cr13,631 CrSign in free for the trailing twelve months
EBITDA657 Cr615 Cr643 Cr724 Cr983 Cr710 Cr974 Cr1,652 Cr1,474 Cr2,047 CrSign in free for the trailing twelve months
OPM %10.2%9.6%9.2%10.7%12.9%7.6%8.6%13.8%11.2%13.1%Sign in free for the trailing twelve months
Other income19 Cr29 Cr39 Cr21 Cr14 Cr11 Cr17 Cr20 Cr18 Cr40 CrSign in free for the trailing twelve months
Interest82 Cr97 Cr88 Cr151 Cr176 Cr207 Cr242 Cr269 Cr278 Cr359 CrSign in free for the trailing twelve months
Depreciation143 Cr169 Cr193 Cr277 Cr340 Cr435 Cr469 Cr509 Cr563 Cr697 CrSign in free for the trailing twelve months
Profit before tax466 Cr367 Cr376 Cr304 Cr484 Cr95 Cr254 Cr857 Cr643 Cr976 CrSign in free for the trailing twelve months
Tax %22.9%36.5%33.3%24.4%10.7%25.6%28.2%25.8%26.7%28.6%Sign in free for the trailing twelve months
Net profit359 Cr233 Cr251 Cr230 Cr432 Cr71 Cr182 Cr635 Cr471 Cr697 CrSign in free for the trailing twelve months
EPS (₹)₹89.28₹58.83₹62.35₹57.17₹106.81₹17.60₹46.02₹158.87₹116.85₹172.78Sign in free for the trailing twelve months
Dividend payout %————0.1%105.7%6.9%7.6%25.7%17.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr40 Cr
Reserves2,375 Cr2,566 Cr2,726 Cr2,867 Cr3,276 Cr3,232 Cr3,399 Cr4,002 Cr4,328 Cr5,006 Cr
Borrowings910 Cr647 Cr1,447 Cr1,877 Cr1,362 Cr2,097 Cr2,093 Cr1,629 Cr1,928 Cr3,011 Cr
Other liabilities1,562 Cr1,885 Cr2,168 Cr2,544 Cr3,430 Cr3,767 Cr4,078 Cr4,313 Cr4,908 Cr5,837 Cr
Total liabilities4,917 Cr5,161 Cr6,405 Cr7,353 Cr8,132 Cr9,160 Cr9,628 Cr9,995 Cr11,212 Cr13,902 Cr
Fixed assets (net)2,383 Cr2,644 Cr3,103 Cr3,958 Cr4,557 Cr5,117 Cr6,008 Cr6,174 Cr6,857 Cr7,978 Cr
CWIP319 Cr309 Cr802 Cr1,051 Cr768 Cr829 Cr569 Cr659 Cr507 Cr598 Cr
Investments232 Cr214 Cr181 Cr184 Cr318 Cr179 Cr170 Cr182 Cr190 Cr222 Cr
Loans & advances——0.75 Cr0.95 Cr0.37 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Inventories943 Cr785 Cr1,006 Cr926 Cr1,130 Cr1,310 Cr1,138 Cr1,150 Cr1,412 Cr1,783 Cr
Trade receivables614 Cr747 Cr706 Cr674 Cr922 Cr1,154 Cr1,307 Cr1,283 Cr1,653 Cr1,839 Cr
Cash & bank24 Cr82 Cr68 Cr27 Cr36 Cr24 Cr61 Cr55 Cr48 Cr40 Cr
Other assets401 Cr380 Cr539 Cr532 Cr401 Cr547 Cr376 Cr491 Cr546 Cr1,443 Cr
Total assets4,917 Cr5,161 Cr6,405 Cr7,353 Cr8,132 Cr9,160 Cr9,628 Cr9,995 Cr11,212 Cr13,902 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity335 Cr676 Cr561 Cr956 Cr1,358 Cr619 Cr1,205 Cr1,719 Cr1,092 Cr1,786 Cr
Cash from investing-543 Cr-415 Cr-1,060 Cr-1,075 Cr-618 Cr-944 Cr-849 Cr-854 Cr-922 Cr-2,271 Cr
Cash from financing219 Cr-202 Cr484 Cr79 Cr-731 Cr313 Cr-320 Cr-871 Cr-177 Cr477 Cr
Net cash flow10 Cr58 Cr-15 Cr-40 Cr9 Cr-12 Cr37 Cr-5 Cr-7 Cr-8 Cr
Free cash flow (OCF − Capex)-253 Cr189 Cr-546 Cr-162 Cr718 Cr-340 Cr326 Cr852 Cr149 Cr-481 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %16.3%14.2%11.0%9.5%14.0%5.6%8.9%19.8%14.6%16.6%
ROE %14.8%9.1%9.0%7.9%12.9%2.1%5.4%15.9%10.8%13.8%
Debtor days35433736444542394643
Inventory days104788587997756616268
Days payable838789113170127112123120132
Cash conversion cycle55343311-27-5-14-23-13-21
OCF / EBITDA %51.0%109.9%87.4%132.1%138.1%87.2%123.8%104.1%74.1%87.2%
OCF / EBITDA % (3 years)——82.1%110.7%122.4%121.4%119.3%106.2%98.0%88.9%
Debt / equity0.380.250.520.650.410.640.610.400.440.60
Current ratio1.310.990.940.790.740.720.650.620.660.67
Net debt / EBITDA1.350.922.152.561.352.922.090.951.281.45