Ceat Limited
CEAT is a Mumbai-based manufacturer of a wide range of automobile tyres. The company was acquired by RPG Enterprises from Italy-based Pirelli in 1982. It has manufacturing plants across Bhandup (Maharashtra), Nasik (Maharashtra), Nagpur, Ambernath, H...
Key Metrics
EPS
158.68
Current ratio
0.63
Debt/Equity
0.72
Debt/EBITDA
1.79
Interest coverage ratio
4.18
Operating Cashflow to total debt
0.59
Financials
Pros & Cons
Exclusive on TAP Bonds
Here's what we like about this company and potential risks we have identified.
Pros
Targeted growth in areas with lower volatility
Completion of strategic business portfolio through capex on TBR
Healthy revenue growth
Efficient working capital cycle
EBITDA margins to remain comfortable
Ability to spend on capex through internal accruals strengthens though-the-cycle leverage
Improved asset turnover ratio and ROCE
Capex aids business profile
Established promoter group
Cons
Lower scale than market leaders
Input cost volatility
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About Ceat Limited bond.
This comprehensive profile covers key factual information about Ceat Limited. CEAT is a Mumbai-based manufacturer of a wide range of automobile tyres. The company was acquired by RPG Enterprises from Italy-based Pirelli in 1982. It has manufacturing plants across Bhandup (Maharashtra), Nasik (Maharashtra), Nagpur, Ambernath, Halol and Chennai. CEAT has a joint venture in Sri Lanka. It is further setting up TBR plant in Chennai. EPS in Mar-2024 was 158.68. Current ratio in Mar-2024 was 0.63. Debt/Equity in Mar-2024 was 0.72. Debt/EBITDA in Mar-2024 was 1.79. Interest coverage ratio in Mar-2024 was 4.18. Operating Cashflow to total debt in Mar-2024 was 0.59. Total revenue for March-2024 was ₹11,984.01. Net income for March-2024 stood at ₹642.65. Total assets as of Mar-2024 were ₹9,994.50. Operating cash flow for Mar-2024 was ₹1,719.26. The company’s borrowing relationships include Bank of Baroda (₹N/A Cr), State Bank of India (₹N/A Cr). Peers and comparison entities consist of Ceat Limited, Balkrishna Industries Limited, MRF Limited, Apollo Tyres Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Targeted growth in areas with lower volatility; Completion of strategic business portfolio through capex on TBR; Healthy revenue growth; Efficient working capital cycle; EBITDA margins to remain comfortable; Ability to spend on capex through internal accruals strengthens though-the-cycle leverage; Improved asset turnover ratio and ROCE; Capex aids business profile; Established promoter group. Key risks include: Lower scale than market leaders; Input cost volatility. This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.