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- CEAT Ltd Share Price
2,899.95
23.65 (0.82%)
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Outperforms Index
10.39%
Return (1Y)
Beaten Nifty 500 by 7.57%
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More Volatile
2.3%
Standard Deviation (1Y)
Higher than Nifty 500 by 1.31%
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Not so consistent
6/12
Months
underperformed Nifty 500
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AxisDirect View
No View
3,579

2,210
News & Announcements
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CEAT announces resignation of director
43 days ago
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CEAT slips as Q3 PAT slides 46% YoY to Rs 97 cr
76 days ago
Revenue from operations increased 11.36% year on year (YoY) to Rs 3,299.90 crore against Rs 2,963.1 crore in the corresponding period of the preceding fiscal.
Profit before tax stood at Rs 127.75 crore in Q3 FY25, down 43.86% as against Rs 227.55 crore recorded in Q3 FY24.
EBITDA in Q3 FY25 slipped 18.65% to Rs 346.3 crore as compared to Rs 425.7 crore reported in Q3 FY24. EBITDA margin reduced to 10.5% during the quarter as against 14.4% in the same quarter previous year, margins were impacted by a higher RM basket.
In Q3 FY25, capital expenditure (capex) amounted to approximately Rs 280 crore.
Meanwhile, the company’s board has approved the capex of Rs 400 crore for its plant situated at MIDC, Butibori, Nagpur, Maharashtra. The existing plant currently produces approximately 270 lakh tyres annually, with a capacity utilisation of 90%. It has approved the capacity addition by 30% and it is expected to be added by FY2027-28.
The rationale behind this capacity addition is that the Indian 2/3-wheeler industry is expected to experience strong growth in the short to medium term. This investment aims to progressively increase capacity to meet the anticipated future demand.
Further, the company said that its entity in Indonesia will be incorporated as a “Subsidiary” instead of wholly owned subsidiary pursuant to local regulatory requirements.
On 17 October 2024, the company’s board approved incorporation of a wholly owned subsidiary (WOS) in the Republic of Indonesia, subject to local regulatory requirements.
Arnab Banerjee, MD and CEO of CEAT, said, “We witnessed strong year-on-year double-digit growth, driven by the replacement segment. While the rising raw material costs have impacted our margins, we progressively passed on part of the increase through price increases in select categories during the quarter. The demand continues to remain stable, and our order book pipeline is robust across all segments. Raw material prices look flattish in Q4, and we expect growth momentum to continue.
Kumar Subbiah, CFO of CEAT, said, The gross margins were impacted during the quarter due to the increase in raw material cost. We managed part of it through price increases and cost controls. Meanwhile, our capex during the quarter was Rs 283 crore, which was fully funded through internal controls, and hence, our debt level has remained at a similar level.
CEAT, the flagship company of RPG Enterprises, is one of India's leading tire manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles.
Powered by Capital Market - Live News
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CEAT consolidated net profit declines 46.49% in the December 2024 quarter
16 - Jan - 2025 12:00 | 76 days ago
Net profit of CEAT declined 46.49% to Rs 97.11 crore in the quarter ended December 2024 as against Rs 181.48 crore during the previous quarter ended December 2023. Sales rose 11.36% to Rs 3299.90 crore in the quarter ended December 2024 as against Rs 2963.14 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 3299.90 2963.14 11 OPM % 10.33 14.09 - PBDT 269.24 354.89 -24 PBT 127.75 227.55 -44 NP 97.11 181.48 -46 Powered by Capital Market - Live News
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CEAT slips as Q3 PAT slides 46% YoY to Rs 97 cr
76 days ago
Revenue from operations increased 11.36% year on year (YoY) to Rs 3,299.90 crore against Rs 2,963.1 crore in the corresponding period of the preceding fiscal.
Profit before tax stood at Rs 127.75 crore in Q3 FY25, down 43.86% as against Rs 227.55 crore recorded in Q3 FY24.
EBITDA in Q3 FY25 slipped 18.65% to Rs 346.3 crore as compared to Rs 425.7 crore reported in Q3 FY24. EBITDA margin reduced to 10.5% during the quarter as against 14.4% in the same quarter previous year, margins were impacted by a higher RM basket.
In Q3 FY25, capital expenditure (capex) amounted to approximately Rs 280 crore.
Meanwhile, the company’s board has approved the capex of Rs 400 crore for its plant situated at MIDC, Butibori, Nagpur, Maharashtra. The existing plant currently produces approximately 270 lakh tyres annually, with a capacity utilisation of 90%. It has approved the capacity addition by 30% and it is expected to be added by FY2027-28.
The rationale behind this capacity addition is that the Indian 2/3-wheeler industry is expected to experience strong growth in the short to medium term. This investment aims to progressively increase capacity to meet the anticipated future demand.
Further, the company said that its entity in Indonesia will be incorporated as a “Subsidiary” instead of wholly owned subsidiary pursuant to local regulatory requirements.
On 17 October 2024, the company’s board approved incorporation of a wholly owned subsidiary (WOS) in the Republic of Indonesia, subject to local regulatory requirements.
Arnab Banerjee, MD and CEO of CEAT, said, “We witnessed strong year-on-year double-digit growth, driven by the replacement segment. While the rising raw material costs have impacted our margins, we progressively passed on part of the increase through price increases in select categories during the quarter. The demand continues to remain stable, and our order book pipeline is robust across all segments. Raw material prices look flattish in Q4, and we expect growth momentum to continue.
Kumar Subbiah, CFO of CEAT, said, The gross margins were impacted during the quarter due to the increase in raw material cost. We managed part of it through price increases and cost controls. Meanwhile, our capex during the quarter was Rs 283 crore, which was fully funded through internal controls, and hence, our debt level has remained at a similar level.
CEAT, the flagship company of RPG Enterprises, is one of India's leading tire manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles.
Powered by Capital Market - Live News
-
CEAT consolidated net profit declines 46.49% in the December 2024 quarter
16 - Jan - 2025 12:00 | 76 days ago
Net profit of CEAT declined 46.49% to Rs 97.11 crore in the quarter ended December 2024 as against Rs 181.48 crore during the previous quarter ended December 2023. Sales rose 11.36% to Rs 3299.90 crore in the quarter ended December 2024 as against Rs 2963.14 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 3299.90 2963.14 11 OPM % 10.33 14.09 - PBDT 269.24 354.89 -24 PBT 127.75 227.55 -44 NP 97.11 181.48 -46 Powered by Capital Market - Live News
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CEAT approves Rs 2.57-cr investment in Tyresnmore via right issue
07 - Jan - 2025 12:00 | 85 days ago
Tyresnmore is, inter alia, engaged in the business of selling automotive tyres, accessories and/or providing services of installing, fitting, wheel balancing and wheel alignment for automotive tyres. Its turnover was Rs 25.63 crore in FY24.
The company will acquire 21,055 equity shares of Tyresnmore. The company's shareholding post this proposed investment remains 100%.
The said transaction will be completed on or before 20 January 2025.
CEAT, the flagship company of RPG Enterprises, is one of India's leading tyre manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-3 wheelers, passenger and utility vehicles, commercial vehicles and off-highway vehicles.
The tyres manufacturing company’s consolidated net profit fell 41.4% to Rs 121.88 crore in Q2 FY25 as compared to Rs 208 crore posted in Q2 FY24. Revenue from operations increased 8.22% year on year (YoY) to Rs 3,304.53 crore in the quarter ended 30 September 2024.
The counter declined 3.44% to end at Rs 3068.40 on Monday, 6 January 2025.
Powered by Capital Market - Live News
-
CEAT announces resignation of director
43 days ago
-
CEAT slips as Q3 PAT slides 46% YoY to Rs 97 cr
76 days ago
Revenue from operations increased 11.36% year on year (YoY) to Rs 3,299.90 crore against Rs 2,963.1 crore in the corresponding period of the preceding fiscal.
Profit before tax stood at Rs 127.75 crore in Q3 FY25, down 43.86% as against Rs 227.55 crore recorded in Q3 FY24.
EBITDA in Q3 FY25 slipped 18.65% to Rs 346.3 crore as compared to Rs 425.7 crore reported in Q3 FY24. EBITDA margin reduced to 10.5% during the quarter as against 14.4% in the same quarter previous year, margins were impacted by a higher RM basket.
In Q3 FY25, capital expenditure (capex) amounted to approximately Rs 280 crore.
Meanwhile, the company’s board has approved the capex of Rs 400 crore for its plant situated at MIDC, Butibori, Nagpur, Maharashtra. The existing plant currently produces approximately 270 lakh tyres annually, with a capacity utilisation of 90%. It has approved the capacity addition by 30% and it is expected to be added by FY2027-28.
The rationale behind this capacity addition is that the Indian 2/3-wheeler industry is expected to experience strong growth in the short to medium term. This investment aims to progressively increase capacity to meet the anticipated future demand.
Further, the company said that its entity in Indonesia will be incorporated as a “Subsidiary” instead of wholly owned subsidiary pursuant to local regulatory requirements.
On 17 October 2024, the company’s board approved incorporation of a wholly owned subsidiary (WOS) in the Republic of Indonesia, subject to local regulatory requirements.
Arnab Banerjee, MD and CEO of CEAT, said, “We witnessed strong year-on-year double-digit growth, driven by the replacement segment. While the rising raw material costs have impacted our margins, we progressively passed on part of the increase through price increases in select categories during the quarter. The demand continues to remain stable, and our order book pipeline is robust across all segments. Raw material prices look flattish in Q4, and we expect growth momentum to continue.
Kumar Subbiah, CFO of CEAT, said, The gross margins were impacted during the quarter due to the increase in raw material cost. We managed part of it through price increases and cost controls. Meanwhile, our capex during the quarter was Rs 283 crore, which was fully funded through internal controls, and hence, our debt level has remained at a similar level.
CEAT, the flagship company of RPG Enterprises, is one of India's leading tire manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles.
Powered by Capital Market - Live News
-
CEAT consolidated net profit declines 46.49% in the December 2024 quarter
16 - Jan - 2025 12:00 | 76 days ago
Net profit of CEAT declined 46.49% to Rs 97.11 crore in the quarter ended December 2024 as against Rs 181.48 crore during the previous quarter ended December 2023. Sales rose 11.36% to Rs 3299.90 crore in the quarter ended December 2024 as against Rs 2963.14 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 3299.90 2963.14 11 OPM % 10.33 14.09 - PBDT 269.24 354.89 -24 PBT 127.75 227.55 -44 NP 97.11 181.48 -46 Powered by Capital Market - Live News
-
CEAT approves Rs 2.57-cr investment in Tyresnmore via right issue
07 - Jan - 2025 12:00 | 85 days ago
Tyresnmore is, inter alia, engaged in the business of selling automotive tyres, accessories and/or providing services of installing, fitting, wheel balancing and wheel alignment for automotive tyres. Its turnover was Rs 25.63 crore in FY24.
The company will acquire 21,055 equity shares of Tyresnmore. The company's shareholding post this proposed investment remains 100%.
The said transaction will be completed on or before 20 January 2025.
CEAT, the flagship company of RPG Enterprises, is one of India's leading tyre manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-3 wheelers, passenger and utility vehicles, commercial vehicles and off-highway vehicles.
The tyres manufacturing company’s consolidated net profit fell 41.4% to Rs 121.88 crore in Q2 FY25 as compared to Rs 208 crore posted in Q2 FY24. Revenue from operations increased 8.22% year on year (YoY) to Rs 3,304.53 crore in the quarter ended 30 September 2024.
The counter declined 3.44% to end at Rs 3068.40 on Monday, 6 January 2025.
Powered by Capital Market - Live News
-
CEAT announces resignation of director
43 days ago
-
CEAT slips as Q3 PAT slides 46% YoY to Rs 97 cr
76 days ago
Revenue from operations increased 11.36% year on year (YoY) to Rs 3,299.90 crore against Rs 2,963.1 crore in the corresponding period of the preceding fiscal.
Profit before tax stood at Rs 127.75 crore in Q3 FY25, down 43.86% as against Rs 227.55 crore recorded in Q3 FY24.
EBITDA in Q3 FY25 slipped 18.65% to Rs 346.3 crore as compared to Rs 425.7 crore reported in Q3 FY24. EBITDA margin reduced to 10.5% during the quarter as against 14.4% in the same quarter previous year, margins were impacted by a higher RM basket.
In Q3 FY25, capital expenditure (capex) amounted to approximately Rs 280 crore.
Meanwhile, the company’s board has approved the capex of Rs 400 crore for its plant situated at MIDC, Butibori, Nagpur, Maharashtra. The existing plant currently produces approximately 270 lakh tyres annually, with a capacity utilisation of 90%. It has approved the capacity addition by 30% and it is expected to be added by FY2027-28.
The rationale behind this capacity addition is that the Indian 2/3-wheeler industry is expected to experience strong growth in the short to medium term. This investment aims to progressively increase capacity to meet the anticipated future demand.
Further, the company said that its entity in Indonesia will be incorporated as a “Subsidiary” instead of wholly owned subsidiary pursuant to local regulatory requirements.
On 17 October 2024, the company’s board approved incorporation of a wholly owned subsidiary (WOS) in the Republic of Indonesia, subject to local regulatory requirements.
Arnab Banerjee, MD and CEO of CEAT, said, “We witnessed strong year-on-year double-digit growth, driven by the replacement segment. While the rising raw material costs have impacted our margins, we progressively passed on part of the increase through price increases in select categories during the quarter. The demand continues to remain stable, and our order book pipeline is robust across all segments. Raw material prices look flattish in Q4, and we expect growth momentum to continue.
Kumar Subbiah, CFO of CEAT, said, The gross margins were impacted during the quarter due to the increase in raw material cost. We managed part of it through price increases and cost controls. Meanwhile, our capex during the quarter was Rs 283 crore, which was fully funded through internal controls, and hence, our debt level has remained at a similar level.
CEAT, the flagship company of RPG Enterprises, is one of India's leading tire manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles.
Powered by Capital Market - Live News
-
CEAT consolidated net profit declines 46.49% in the December 2024 quarter
16 - Jan - 2025 12:00 | 76 days ago
Net profit of CEAT declined 46.49% to Rs 97.11 crore in the quarter ended December 2024 as against Rs 181.48 crore during the previous quarter ended December 2023. Sales rose 11.36% to Rs 3299.90 crore in the quarter ended December 2024 as against Rs 2963.14 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 3299.90 2963.14 11 OPM % 10.33 14.09 - PBDT 269.24 354.89 -24 PBT 127.75 227.55 -44 NP 97.11 181.48 -46 Powered by Capital Market - Live News
-
CEAT slips as Q3 PAT slides 46% YoY to Rs 97 cr
76 days ago
Revenue from operations increased 11.36% year on year (YoY) to Rs 3,299.90 crore against Rs 2,963.1 crore in the corresponding period of the preceding fiscal.
Profit before tax stood at Rs 127.75 crore in Q3 FY25, down 43.86% as against Rs 227.55 crore recorded in Q3 FY24.
EBITDA in Q3 FY25 slipped 18.65% to Rs 346.3 crore as compared to Rs 425.7 crore reported in Q3 FY24. EBITDA margin reduced to 10.5% during the quarter as against 14.4% in the same quarter previous year, margins were impacted by a higher RM basket.
In Q3 FY25, capital expenditure (capex) amounted to approximately Rs 280 crore.
Meanwhile, the company’s board has approved the capex of Rs 400 crore for its plant situated at MIDC, Butibori, Nagpur, Maharashtra. The existing plant currently produces approximately 270 lakh tyres annually, with a capacity utilisation of 90%. It has approved the capacity addition by 30% and it is expected to be added by FY2027-28.
The rationale behind this capacity addition is that the Indian 2/3-wheeler industry is expected to experience strong growth in the short to medium term. This investment aims to progressively increase capacity to meet the anticipated future demand.
Further, the company said that its entity in Indonesia will be incorporated as a “Subsidiary” instead of wholly owned subsidiary pursuant to local regulatory requirements.
On 17 October 2024, the company’s board approved incorporation of a wholly owned subsidiary (WOS) in the Republic of Indonesia, subject to local regulatory requirements.
Arnab Banerjee, MD and CEO of CEAT, said, “We witnessed strong year-on-year double-digit growth, driven by the replacement segment. While the rising raw material costs have impacted our margins, we progressively passed on part of the increase through price increases in select categories during the quarter. The demand continues to remain stable, and our order book pipeline is robust across all segments. Raw material prices look flattish in Q4, and we expect growth momentum to continue.
Kumar Subbiah, CFO of CEAT, said, The gross margins were impacted during the quarter due to the increase in raw material cost. We managed part of it through price increases and cost controls. Meanwhile, our capex during the quarter was Rs 283 crore, which was fully funded through internal controls, and hence, our debt level has remained at a similar level.
CEAT, the flagship company of RPG Enterprises, is one of India's leading tire manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-wheelers, passenger and utility vehicles, commercial vehicles, and off-highway vehicles.
Powered by Capital Market - Live News
-
CEAT consolidated net profit declines 46.49% in the December 2024 quarter
16 - Jan - 2025 12:00 | 76 days ago
Net profit of CEAT declined 46.49% to Rs 97.11 crore in the quarter ended December 2024 as against Rs 181.48 crore during the previous quarter ended December 2023. Sales rose 11.36% to Rs 3299.90 crore in the quarter ended December 2024 as against Rs 2963.14 crore during the previous quarter ended December 2023.
Particulars Quarter Ended Dec. 2024 Dec. 2023 % Var. Sales 3299.90 2963.14 11 OPM % 10.33 14.09 - PBDT 269.24 354.89 -24 PBT 127.75 227.55 -44 NP 97.11 181.48 -46 Powered by Capital Market - Live News
-
CEAT approves Rs 2.57-cr investment in Tyresnmore via right issue
07 - Jan - 2025 12:00 | 85 days ago
Tyresnmore is, inter alia, engaged in the business of selling automotive tyres, accessories and/or providing services of installing, fitting, wheel balancing and wheel alignment for automotive tyres. Its turnover was Rs 25.63 crore in FY24.
The company will acquire 21,055 equity shares of Tyresnmore. The company's shareholding post this proposed investment remains 100%.
The said transaction will be completed on or before 20 January 2025.
CEAT, the flagship company of RPG Enterprises, is one of India's leading tyre manufacturers and has a strong presence in global markets. CEAT produces more than 41 million high-performance tyres, catering to various segments like 2-3 wheelers, passenger and utility vehicles, commercial vehicles and off-highway vehicles.
The tyres manufacturing company’s consolidated net profit fell 41.4% to Rs 121.88 crore in Q2 FY25 as compared to Rs 208 crore posted in Q2 FY24. Revenue from operations increased 8.22% year on year (YoY) to Rs 3,304.53 crore in the quarter ended 30 September 2024.
The counter declined 3.44% to end at Rs 3068.40 on Monday, 6 January 2025.
Powered by Capital Market - Live News
Stock Trivia
CEAT Ltd has topped the 3 years performance among stocks in Tyres Sector
FII shareholding in CEAT Ltd has decreased by -20.78% since past 1 Year
CEAT Ltd has topped the 3 years performance among stocks in Tyres Sector
FII shareholding in CEAT Ltd has decreased by -4.93% since past 3 Months
MF shareholding in CEAT Ltd has increased by 3.42% since past 3 Months
FII shareholding in CEAT Ltd has decreased by -20.78% since past 1 Year
CEAT Ltd has topped the 3 years performance among stocks in Tyres Sector
FII shareholding in CEAT Ltd has decreased by -20.78% since past 1 Year
