CEAT

Last updated on Nov 03, 2022 in Stock Market

Detail about CEAT 

 

 innovated in 1958, CEAT is one of India’s leading tire brands and the flagship company of the RPG GROUP. Driven by the purpose of helping the world move safely and dashingly, CEAT provides world-class products and services across numerous countries. 

 

 On the reverse of its innovative and nimble styles and the drive to trial, the company has come one of the largest Indian manufacturers of high-performance tires for all vehicle parts. It seeks to sustain growth and deliver unborn-ready products and results that are safer, smarter, and better in every respect. 

 

 The company builds best-in-class products through a culture of nonstop invention. The company’s tires are durable and give a secure grip, thereby icing the safety of its guests on the road, every day. The company is expanding its reach and distribution, introducing discerned products, and creating strong brand associations and social media presence. 

 

 The business area of the company 

 

 The Company is primarily engaged in the business of manufacturing and dealing of Automotive Tyres, Tubes & Flaps 

 

Brands

These are the brands of CEAT.


 

Gripp

ZOOM

CZAR

MILAZE

SECURADRIVE

BULAND

AAYUSHMAAN

MILE


 

 Products 

 

  •  Passenger Auto Tyres 
  •  Two Wheeler Tyres 
  •  Truck- Bus Radial Tyres 
  • Off-trace Tyres 
  •  Light marketable Vehicle Tyres 
  •  Last Mile Tyres 

 

 Awards and recognitions 

 

  •  Bagged crusade India Digital Crest Award 2019 for using Blockchain Technology to Reduce Ad Fraud. 
  •  Recognized amongst the top 30 manufacturing workplaces in India by Great Place to Work institute. 
  •  Top Export Award by All India Rubber diligence Association for Excellence in Export for FY 2018- 19. 
  • Won prestigious CII Award for the Most Innovative Business Practice in client Experience fore-Claim. 
  •  Bagged TISS Leapvault CLO Award for Learning & Development( L&D) Team of the Time and Stylish Diversity & Addition Training Programme. 
  •  Awarded tableware for the Bachao Tyre Exchange Offer crusade in exchange4media Prime Time Awards. 
  •  Awarded for Best Innovation in Employee Engagement and Stylish Use of Technology and Employee Engagement at Employee Engagement Summit and Awards 2020. 
  •  Awarded Gold in Stylish Use of AI/ ML order and tableware in Stylish Use of Technology order at the ET DigiPlus Awards. 
  •  Awarded for Stylish threat operation Framework and Systems in Auto Ancillary member from CNBC- TV18. 
  •  Awarded as the Stylish Investor Relations Team for the alternate time in a row by IR Magazine and Forum. 
  •  Ranked among the top 20 companies having innovative diversity programs and practices by DivHERsity Award 2020. 
  •  Ranked 35th amongst India’s 100 stylish companies to work for by the Great Place to Work Institute. 

 

Peers


 

S.NO.

COMPANY

MCAP Cr.

P/B

P/E

EPSRs.

ROE%

EV/EBITDA

1

Balkrishna Inds.

35,648.66

4.92

25.48

72.38

21.82

16.01

2

MRF

33,768.83

2.43

56.43

1,410.87

4.8

15.73

3

Apollo Tyres

17,195.36

1.79

57.8

4.68

2.75

12.86

4

CEAT

6,153.27

1.95

166.62

9.13

1.72

11.35

5

JK Tyres & Inds.

4,118.21

1.62

24.94

6.71

7.46

9.52

6

Goodyear India

2,357.51

3.14

20.73

49.31

13.29

9.48

7

TVS Srichakra

1,922.69

1.96

50.88

49.35

4.55

14.75

8

Birla Tyres

61.31

0

0

-43.86

0

-121.66

9

Krypton Industries

36.15

1.25

7.62

3.23

0.92

6.04

10

Innovative Tyres

5.31

0.09

0

-32.76

-13.65

-0.53


 

Strengths

  • The company has an efficient Cash Conversion Cycle of -33.46 days.
  • The company has good cash flow management; CFO/PAT stands at 3.36.

 Limitations

  • The company has shown a poor profit growth of -42.71% for the past 3 years.
  • The company has shown poor revenue growth of 10.88% over the past 3 years.
  • Company has a poor ROE of 7.94% over the past 3 years.
  • The company is trading at a high PE of 166.62.

 

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