Ceat Ltd.

BSE: CEATLTD500878ISIN INE482A01020

Consumer Discretionary
Tyres & Rubber Products
BSE 500

Share price

₹3,413.10+81.05 (+2.43%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹4,198.20
52W low: ₹3,015.50
Off 52W high: -18.70%
1M return: +3.89%
3M return: -7.83%
6M return: +1.61%
1Y return: -14.74%
20D avg volume: 5,976
50 DMA: ₹3,315.40
200 DMA: ₹3,492.73

Key ratios Consolidated

Market cap: ₹13,806 Cr
Current price: ₹3,413.10
52W high / low: ₹4,198.20 / ₹3,015.50
Face value: ₹10.00
P/E: 26.80
P/B: 2.75
EPS (TTM): ₹127.37
Book value / share: ₹1,240.25
ROE: —
ROCE: 17.60%
Operating margin: —
Net margin: —
Debt / equity: 0.60
Net debt: ₹2,971 Cr
Interest cover: 3.68
Dividend yield: 1.03%
Dividend / share (TTM): ₹35.00
Payout: 27.48%
Cash conversion cycle: 4.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	4,762	4,318	4,219	4,157	3,773	3,529	3,421	3,300	3,305	3,193	2,992	2,963
	5.00	6.00	25.74	6.05	3.86	4.73	4.52	3.43	3.45	6.15	3.07	2.94
	4,767	4,324	4,245	4,163	3,777	3,534	3,425	3,303	3,308	3,199	2,995	2,966
	4,585	4,285	3,895	3,887	3,530	3,375	3,259	3,176	3,146	3,004	2,798	2,739
	3,234	2,978	2,546	2,404	2,319	2,239	2,175	2,117	2,116	1,911	1,753	1,695
	66.00	56.00	15.13	14.68	12.99	9.10	7.17	7.02	9.35	9.47	16.10	8.14
	321.00	296.00	300.63	282.24	261.74	226.83	225.71	215.89	218.99	195.63	215.30	217.17
	87.00	146.00	84.65	104.96	86.96	82.05	74.40	75.09	66.45	61.85	61.66	65.55
	193.00	186.00	184.07	188.14	173.85	151.37	152.32	141.49	137.11	131.77	136.06	127.34
	869.00	803.00	780.20	814.12	778.92	683.77	667.73	658.44	655.00	674.23	658.52	589.94
	182.00	39.00	349.76	276.30	246.43	159.04	165.88	127.75	162.17	195.41	196.86	227.55
	-13.00	-7.00	-9.98	-57.96	0.00	-3.29	-37.04	0.00	-0.03	7.46	-58.17	0.00
	169.00	32.00	339.78	218.34	246.43	155.75	128.84	127.75	162.14	202.87	138.69	227.55
	52.00	33.00	101.39	67.61	67.95	41.92	35.60	36.14	46.31	53.98	45.82	54.44
	112.00	4.00	243.80	155.40	185.71	112.30	98.71	97.03	121.45	154.18	102.27	181.28
	27.79	1.07	60.45	38.59	45.98	27.80	24.60	24.01	30.13	38.11	26.84	44.87
Key metrics
	449.00	364.00	608.50	511.44	507.24	389.17	355.56	344.33	365.70	396.49	336.41	420.44
	9.40%	8.40%	14.40%	12.30%	13.40%	11.00%	10.40%	10.40%	11.10%	12.40%	11.20%	14.20%
	2.40%	0.10%	5.80%	3.70%	4.90%	3.20%	2.90%	2.90%	3.70%	4.80%	3.40%	6.10%
	3.50%	—	5.70%	—	4.90%	—	3.40%	—	—	—	—	—
	26.20%	22.30%	23.30%	26.00%	14.20%	10.50%	14.30%	11.40%	—	—	—	—
	-39.70%	-96.40%	147.00%	60.20%	52.90%	-27.20%	-3.50%	-46.50%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	17,456	15,678	13,218	11,943	11,315	9,363	7,610	6,779	6,985	6,400
	42.79	40.38	17.55	19.73	16.94	11.40	13.81	20.51	39.00	29.46
	17,499	15,718	13,235	11,963	11,332	9,375	7,623	6,799	7,024	6,429
	16,652	14,687	12,584	11,069	11,052	9,296	7,142	6,482	6,623	6,051
	11,162	9,508	8,319	6,923	7,351	6,187	4,174	3,873	4,305	3,652
	151.81	51.90	33.01	36.35	30.29	28.68	28.17	35.83	75.79	71.12
	1,200	1,071	856.22	845.71	735.20	693.80	675.45	541.77	530.06	438.27
	422.61	358.62	277.79	269.06	242.10	206.95	175.51	150.93	88.04	97.35
	751.21	697.42	562.69	508.83	469.31	435.20	339.63	276.51	192.71	—
	3,266	3,057	2,655	2,521	2,220	1,932	1,685	1,598	1,630	1,368
	847.06	1,032	651.21	894.07	279.34	79.04	481.64	316.91	400.79	378.27
	-87.94	-71.23	-29.61	-58.17	-33.42	-12.91	-34.06	-29.84	-44.79	-33.96
	759.12	960.31	621.60	835.90	245.92	66.13	447.58	287.07	356.00	344.31
	254.00	278.87	172.03	221.42	71.75	24.30	51.59	74.23	125.12	134.03
	515.20	697.24	471.37	635.28	182.39	70.58	432.30	230.06	251.08	210.28
	127.90	172.78	116.85	158.87	46.02	17.60	106.81	57.17	—	—
Key metrics
	1,933	2,016	1,462	1,614	957.33	708.28	962.72	714.51	636.75	441.66
	11.07%	12.90%	11.10%	13.50%	8.50%	7.60%	12.70%	10.50%	9.10%	6.90%
	2.95%	4.40%	3.60%	5.30%	1.60%	0.80%	5.70%	3.40%	3.60%	3.30%
	—	17.60%	14.90%	—	—	—	—	—	—	—
	24.48%	18.60%	10.70%	5.60%	20.80%	23.00%	12.30%	-2.90%	9.10%	—
	4.34%	47.90%	-25.80%	248.30%	158.40%	-83.70%	87.90%	-8.40%	19.40%	—
	—	-481.45	148.60	—	—	—	—	—	—	—
	—	2.56	2.32	—	—	—	—	—	—	—
	—	0.60	0.44	—	—	—	—	—	—	—
	—	2,971	1,880	—	—	—	—	—	—	—
	—	4.0	9.0	—	—	—	—	—	—	—
Balance sheet
	—	13,902	11,212	—	—	—	—	—	—	—
	—	4,313	3,387	—	—	—	—	—	—	—
	—	39.53	47.94	—	—	—	—	—	—	—
	—	1,839	1,653	—	—	—	—	—	—	—
	—	1,783	1,412	—	—	—	—	—	—	—
	—	—	156.94	—	—	—	—	—	—	—
	—	7,978	6,857	—	—	—	—	—	—	—
	—	3,448	2,740	—	—	—	—	—	—	—
	—	6,413	5,165	—	—	—	—	—	—	—
	—	3,011	1,928	—	—	—	—	—	—	—
	—	1,507	1,005	—	—	—	—	—	—	—
	—	1,504	923.56	—	—	—	—	—	—	—
	—	5,054	4,376	—	—	—	—	—	—	—
Cash flow
	—	1,786	1,092	—	—	—	—	—	—	—
	—	-2,271	-922.44	—	—	—	—	—	—	—
	—	476.64	-176.74	—	—	—	—	—	—	—
	—	2,267	943.36	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	4,548	4,163	4,036	3,957	3,701	3,521	3,414	3,292	3,298	3,168	2,979	2,949
	40.00	22.00	62.50	26.45	16.50	26.05	4.35	3.24	19.72	6.04	2.95	3.45
	4,588	4,185	4,098	3,984	3,718	3,547	3,418	3,295	3,318	3,174	2,982	2,952
	4,356	4,046	3,706	3,670	3,448	3,363	3,246	3,165	3,135	2,980	2,781	2,724
	3,156	2,880	2,385	2,291	2,283	2,239	2,175	2,117	2,116	1,911	1,760	1,691
	7.00	4.00	4.93	3.76	3.21	2.04	1.28	0.88	3.58	3.26	0.61	2.81
	262.00	248.00	247.77	252.02	244.50	224.80	222.02	213.73	217.39	193.39	210.89	213.86
	96.00	95.00	85.81	104.75	86.87	82.04	74.40	75.05	66.46	61.29	60.57	64.82
	173.00	168.00	171.35	165.17	166.60	151.26	152.21	141.41	136.99	131.65	135.69	127.30
	804.00	765.00	767.46	769.53	765.47	681.16	664.21	656.06	651.55	673.11	654.54	587.50
	232.00	139.00	392.61	313.74	269.87	183.80	172.34	130.40	182.68	194.63	201.49	228.38
	-13.00	-7.00	-9.63	-57.81	0.00	-3.29	-37.04	—	-0.03	7.46	-42.51	—
	219.00	132.00	382.98	255.93	269.87	180.51	135.30	130.40	182.65	202.09	158.98	228.38
	55.00	34.00	99.43	64.34	67.64	45.16	34.92	34.43	46.14	52.85	39.92	51.72
	164.00	98.00	283.55	191.59	202.23	135.35	100.38	95.97	136.51	149.24	119.06	176.66
	40.62	24.41	70.29	47.47	50.00	33.46	24.82	23.73	33.75	36.89	29.43	43.67
Key metrics
	488.00	395.00	640.14	525.85	523.34	413.81	361.91	346.86	386.10	395.03	355.24	420.50
	10.70%	9.50%	15.90%	13.30%	14.10%	11.80%	10.60%	10.50%	11.70%	12.50%	11.90%	14.30%
	3.60%	2.40%	7.00%	4.80%	5.50%	3.80%	2.90%	2.90%	4.10%	4.70%	4.00%	6.00%
	4.20%	—	6.30%	—	5.30%	—	3.50%	—	—	—	—	—
	22.90%	18.20%	18.20%	20.20%	12.20%	11.10%	14.60%	11.60%	—	—	—	—
	-18.90%	-27.60%	182.50%	99.60%	48.10%	-9.30%	-15.70%	-45.70%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	16,704	15,215	13,172	11,893	11,263	9,313	7,573	6,581	6,831	6,330
	150.95	131.50	33.35	26.27	38.66	28.19	31.80	41.34	55.30	56.81
	16,855	15,346	13,205	11,919	11,302	9,341	7,605	6,622	6,887	6,387
	15,778	14,186	12,525	11,011	10,994	9,251	7,112	6,254	6,433	5,951
	10,712	9,197	8,319	6,924	7,351	6,187	4,174	3,816	4,274	3,650
	19.69	13.94	9.00	6.14	9.90	7.56	10.09	21.20	60.92	59.88
	1,010	969.09	846.53	833.58	725.36	684.26	667.13	500.54	491.95	413.11
	381.56	359.47	277.20	265.86	239.04	203.97	173.05	122.96	64.52	—
	677.52	654.38	562.26	508.36	469.25	435.14	339.58	255.40	174.30	161.68
	3,106	2,984	2,645	2,507	2,205	1,915	1,681	1,524	1,562	1,317
	1,077	1,160	680.05	907.73	307.63	90.15	492.96	368.28	454.01	436.06
	-87.44	-70.73	-29.61	-42.51	-33.42	-12.91	-34.06	-29.75	-44.24	-26.40
	989.91	1,089	650.44	865.22	274.21	77.24	458.90	338.53	409.77	409.66
	252.77	276.57	168.34	210.92	67.94	22.91	45.26	67.77	120.86	130.94
	737.14	812.72	482.10	654.30	206.27	54.33	413.64	270.76	288.91	278.72
	182.79	201.17	119.18	161.70	50.99	13.43	102.26	66.94	71.42	68.90
Key metrics
	2,049	2,103	1,490	1,639	982.50	716.35	971.53	716.89	648.59	571.34
	12.27%	13.80%	11.30%	13.80%	8.70%	7.70%	12.80%	10.90%	9.50%	9.00%
	4.41%	5.30%	3.70%	5.50%	1.80%	0.60%	5.50%	4.10%	4.20%	4.40%
	—	19.40%	15.60%	—	—	—	—	—	—	—
	19.94%	15.50%	10.80%	5.60%	20.90%	23.00%	15.10%	-3.70%	7.90%	—
	38.06%	68.60%	-26.30%	217.20%	279.70%	-86.90%	52.80%	-6.30%	3.70%	—
	—	524.58	135.91	—	—	—	—	—	—	—
	—	2.26	2.25	—	—	—	—	—	—	—
	—	0.59	0.45	—	—	—	—	—	—	—
	—	2,961	1,889	—	—	—	—	—	—	—
	—	1.7	9.0	—	—	—	—	—	—	—
Balance sheet
	—	13,692	11,094	—	—	—	—	—	—	—
	—	4,064	3,363	—	—	—	—	—	—	—
	—	30.90	39.47	—	—	—	—	—	—	—
	—	1,760	1,652	—	—	—	—	—	—	—
	—	1,660	1,409	—	—	—	—	—	—	—
	—	347.07	147.40	—	—	—	—	—	—	—
	—	7,178	6,856	—	—	—	—	—	—	—
	—	3,346	2,739	—	—	—	—	—	—	—
	—	6,242	5,152	—	—	—	—	—	—	—
	—	2,992	1,928	—	—	—	—	—	—	—
	—	1,488	1,005	—	—	—	—	—	—	—
	—	1,504	923.52	—	—	—	—	—	—	—
	—	5,067	4,286	—	—	—	—	—	—	—
Cash flow
	—	1,840	1,083	—	—	—	—	—	—	—
	—	-2,318	-935.49	—	—	—	—	—	—	—
	—	469.50	-140.22	—	—	—	—	—	—	—
	—	1,315	947.07	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +10.54%
Sales CAGR 5Y: +14.97%
Profit CAGR 3Y: +57.94%
Profit CAGR 5Y: +14.46%
Sales YoY (TTM): +19.94%
Profit YoY (TTM): +38.06%

Consolidated

Sales CAGR 3Y: +11.48%
Sales CAGR 5Y: +15.55%
Profit CAGR 3Y: +56.36%
Profit CAGR 5Y: +10.03%
Sales YoY (TTM): +24.48%
Profit YoY (TTM): +4.34%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 47.30%

Quarter	September 2026	June 2026
Promoter %	47.30%	47.30%

Holder	Type	Holding	Previous	Change
INSTANT HOLDINGS LIMITED	Promoter Group	29.51%	29.51%	0.00%
SWALLOW ASSOCIATES LLP	Promoter Group	11.09%	11.09%	0.00%
MIRAE ASSET NIFTY TOTAL MARKET INDEX FUND	Public	9.72%	9.91%	-0.19%
INDIA OPPORTUNITIES GROWTH FUND LTD - PINEWOOD STRATEGY	Public	4.41%	4.41%	0.00%
STEL HOLDINGS LIMITED	Promoter Group	3.74%	3.74%	0.00%
SUMMIT SECURITIES LIMITED	Promoter Group	2.59%	2.59%	0.00%
INVESCO INDIA SMALL CAP FUND	Public	1.87%	—	—
EDELWEISS TRUSTEESHIP CO LTD AC- EDELWEISS MF AC-EDELWEISS SMALL CAP FUND	Public	1.64%	—	—
TATA AIA LIFE INSURANCE COMPANY LIMITED A/C SMALL CAP DISCOVERY FUND (ULIF 071 22/05/23 SCF 110)	Public	1.40%	—	—
THE NEW INDIA ASSURANCE COMPANY LIMITED	Public	1.34%	1.39%	-0.05%
ISIF HYBRID LONG - SHORT FUND	Public	1.20%	—	—
TATA MUTUAL FUND- TATA VALUE FUND	Public	1.08%	1.13%	-0.05%
SUNDARAM MUTUAL FUND A/C SUNDARAM VALUE FUND	Public	1.02%	—	—
HARSHVARDHAN RAMPRASAD GOENKA	Promoter	0.33%	0.33%	0.00%
ANANT VARDHAN GOENKA	Promoter	0.04%	0.04%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
M.R.F. Ltd.	50,029	1,17,961.35	20.72	15.60%	+11.37% TTM	+34.26% TTM	-25.29%
Balkrishna Industries Ltd.	43,378	2,243.90	30.86	14.00%	+9.78% TTM	-3.28% TTM	-5.11%
Apollo Tyres Ltd	25,572	402.65	14.67	8.00%	+13.84% TTM	+119.81% TTM	-22.89%
Ceat Ltd.	13,806	3,413.10	26.80	17.60%	+24.48% TTM	+4.34% TTM	-14.74%
JK Tyre & Industries Ltd.	9,597	332.90	19.39	13.90%	+12.54% TTM	-8.61% TTM	-26.61%
TVS Srichakra Ltd.	3,241	4,232.30	35.13	9.40%	+18.56% TTM	+245.38% TTM	+1.27%
Goodyear India Ltd. S	1,534	665.10	28.46	13.00%	+0.82% TTM	+21.95% TTM	-32.55%
MEGAMONT LIMITED	575	199.00	—	26.80%	—	—	+213.58%
Tolins Tyres Limited	326	82.56	10.01	12.80%	+3.52% TTM	-16.64% TTM	-57.18%
Indag Rubber Ltd.	272	103.75	22.23	5.00%	+9.97% TTM	+166.88% TTM	-18.91%
Modi Rubber Ltd.	266	106.30	29,577.07	-2.20%	+12.95% TTM	-99.95% TTM	-18.45%
Dolfin Rubbers Limited S	175	174.60	28.21	15.10%	+25.42% TTM	+27.98% TTM	-0.40%
TIRUPATI INNOVAR LIMITED S	43	6.02	22.30	1.40%	+1,108.55% TTM	-33.33% TTM	—
M.M. Rubber Company Ltd. S	36	58.45	171.91	-4.40%	+5.46% TTM	+104.64% TTM	-38.45%
Cochin Malabar Estates & Indus. Ltd S	23	132.10	-46.19	10.50%	-100.00% TTM	-135.97% TTM	-9.46%
Vamshi Rubber Ltd. S	16	37.13	-161.43	14.90%	-10.74% TTM	-111.25% TTM	-27.28%
Eastern Treads Ltd. S	15	29.50	245.83	-938.50%	-4.58% TTM	+103.37% TTM	-3.02%

Filings & corporate actions

Recent announcements

CEAT Limited has informed the exchange about Loss of Share Certificates4 Nov 2026 · Company Update / General
CEAT Limited has informed the Exhange about Loss of Share Certificates27 Oct 2026 · Company Update / General
CEAT Limited has informed the Exchange about Loss of Share Certificates22 Oct 2026 · Company Update / General
CEAT Limited has informed the Exchange about Issue of Duplicate Share Certificate21 Oct 2026 · Company Update / General
CEAT Limited has informed the Exchange about Loss of Share Certificates21 Oct 2026 · Company Update / General
The Company has informed the Exchange about Transcript of Earnings call19 Oct 2026 · Company Update / Earnings Call Transcript
Copy of Newspaper Publication16 Oct 2026 · Company Update / Newspaper Publication
The Company has informed about the recording of Earnings Call.15 Oct 2026 · Company Update / Analyst / Investor Meet
Please find enclosed Investor Presentation14 Oct 2026 · Company Update / Investor Presentation
Please find enclosed Amendment to Policy14 Oct 2026 · Company Update / General
Please find enclosed Press Release intimation14 Oct 2026 · Company Update / Press Release / Media Release
Appointment of Additional Director in capacity of Non-Executive, Independent Director14 Oct 2026 · Company Update / Change in Management
Please find enclosed Financial Results for the Quarter ended September 30, 202614 Oct 2026 · Result / Financial Results
Please find enclosed Outcome of the Board Meeting14 Oct 2026 · Board Meeting / Outcome of Board Meeting
CEAT Limited has informed the Exchange about Loss of Share Certificates14 Oct 2026 · Company Update / General
Newspaper Publication8 Oct 2026 · Company Update / General
Certificate under Regulation 74(5) of SEBI (DP) Regulation7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
CEAT Limited has informed the Exchange about Loss of Share Certificates6 Oct 2026 · Company Update / General
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and any other applicable provisions, please note the schedule of earnings intimation.30 Sep 2026 · Company Update / Analyst / Investor Meet
CEAT Limited has informed the Exchange about Issue of Duplicate Share Certificates30 Sep 2026 · Company Update / General
CEAT Limited has informed the Exchange about Loss of Share Certificates29 Sep 2026 · Company Update / General
Closure of Trading Window25 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Ceat Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/10/2026 ,inter alia, to consider and approve Board Meeting Intimation25 Sep 2026 · Board Meeting / Board Meeting
CEAT Limited has informed the Exchange about Loss of Share Certificates23 Sep 2026 · Company Update / General
CEAT Limited has informed the Exchange about Further investment in Tyresnmore Online Private Limited23 Sep 2026 · Company Update / General
General Updates23 Sep 2026 · Company Update / General
CEAT Limited has informed the Exchange about Loss of Share Certificate(s).22 Sep 2026 · Company Update / General
ESG Score15 Sep 2026 · Company Update / General
CEAT Limited has informed the Exchange about Loss of Share Certificates10 Sep 2026 · Company Update / General
General Updates10 Sep 2026 · Company Update / General
General Update4 Sep 2026 · Company Update / General
Newspaper Publication4 Sep 2026 · Company Update / General
CEAT Limited has informed the Exchange about Issue of Duplicate Share Certificates2 Sep 2026 · Company Update / General
General Update2 Sep 2026 · Company Update / General
General Update2 Sep 2026 · Company Update / General
General Update1 Sep 2026 · Company Update / General
The Company has informed about the Schedule of Analyst/ Institutional Investors Meet27 Aug 2026 · Company Update / Analyst / Investor Meet
ESG Score27 Aug 2026 · Company Update / General
General Updates27 Aug 2026 · Company Update / General
General Updates25 Aug 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 35.0000	31 Jul 2026	31 Jul 2026	—
Final Dividend - Rs. - 30.0000	8 Aug 2025	8 Aug 2025	—
Dividend - Rs. - 30.0000	9 Aug 2024	9 Aug 2024	—

Board meetings

14 Oct 2026 Board Meeting - Financial Results
16 Jul 2026 Board Meeting - Financial Results