CEAT Share Price Target 2024, 2025 to 2030, Returns 215% in past 5 years: This article explores CEAT Share Price Target for 2024-2030, covering its performance, stock market updates, financial health, shareholding pattern, and competitors. CEAT, a leader in tyre manufacturing, caters to two-wheelers, passenger cars, and commercial vehicles. Renowned for innovation and a strong distribution network, CEAT has delivered 215% returns in the past five years, underscoring its growth potential.
Overview of CEAT Limited
What is CEAT Limited?
CEAT Limited is a leading tyre manufacturing company in India, established in 1958 in Turin, Italy. The company is part of the RPG Group and specializes in producing tyres for a wide range of vehicles, including two-wheelers, passenger cars, and commercial vehicles. With a strong presence in global markets, CEAT is one of India’s top tyre manufacturers and has built a reputation for its innovation and high-quality products.
Key Features of CEAT Limited:
- Diverse Product Portfolio: Manufactures tyres for two-wheelers, passenger cars, and commercial vehicles.
- Global Market Presence: Operates in international markets, enhancing its reach and influence.
- Strong Stakeholder Backing: Part of the RPG Group, providing financial stability and strategic support.
- Innovation-Driven: Known for its commitment to research and development, driving continuous product improvements.
- Established Industry Presence: With over six decades in the industry, CEAT is a trusted name in tyre manufacturing.
Information about CEAT Limited:
| Information | Details |
|---|---|
| Website | ceat.com |
| Headquarters | India |
| Founded | 1958, Turin, Italy |
| Founder | RPG Group |
| Managing Director & CEO | Anant Goenka |
| Number of Employees | 8,593 (2024) |
| Parent Organization | RPG Group |
| Revenue | 11,963 crores INR (US$1.5 billion, 2024) |
| Subsidiaries | CEAT Specialty Tyres Limited |
| BSE Symbol | 500878 |
| NSE Symbol | CEATLTD |
Current Market Position of CEAT Share
As of November 2024, CEAT’s share has shown varied performance trends. It is down by -0.04% today but gained +7.98% over the past week and +6.31% this month. Over three months, it rose by +4.58%, while delivering an impressive +42.17% return over the year. CEAT has demonstrated robust long-term growth, achieving +148.9% in three years and +215.86% in five years.
CEAT Share Fundamental Data
- Market Cap: ₹12,054 Cr.
- Current Price: ₹2,978
- High / Low: ₹3,263 / ₹2,092
- Stock P/E: 20.3
- Book Value: ₹1,038
- Dividend Yield: 1.01%
- ROCE: 20.4%
- ROE: 18.1%
- Face Value: ₹10.0
Market Position of CEAT Share as of November 2024
| Time Period | Returns of CEAT Share |
|---|---|
| 1 Day | -0.04% |
| 1 Week | 7.98% |
| 1 Month | 6.31% |
| 3 Months | 4.58% |
| 1 Year | 42.17% |
| 3 Years | 148.9% |
| 5 Years | 215.86% |
CEAT Ltd Share Price Target for 2024, 2025, 2026, 2027, 2028, 2029, 2030
CEAT Share Price Target in 2024
In 2024, the share price target for CEAT is expected to range between ₹2,880 and ₹3,430, reflecting its consistent market performance and growing demand for its tyres.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2024 | ₹2,880 | ₹3,430 |
CEAT Share Price Target in 2025
For 2025, CEAT’s share price target is projected to rise to ₹4,730, supported by strong financials and expansion in domestic and global markets.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2025 | ₹4,180 | ₹4,730 |
CEAT Share Price Target in 2026
In 2026, CEAT’s share price target is estimated to range between ₹4,860 and ₹5,410, driven by continued innovation and growth in its product offerings.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2026 | ₹4,860 | ₹5,410 |
CEAT Share Price Target in 2027
By 2027, the share price target for CEAT is projected to reach ₹6,190, reflecting its strong market positioning and enhanced operational efficiencies.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2027 | ₹5,640 | ₹6,190 |
CEAT Share Price Target in 2028
In 2028, CEAT’s share price target is expected to range between ₹6,540 and ₹7,090, supported by strategic expansion initiatives and growing market share.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2028 | ₹6,540 | ₹7,090 |
CEAT Share Price Target in 2029
For 2029, CEAT’s share price target is projected to reach ₹8,110, reflecting sustained demand for its products and improved operational efficiencies.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2029 | ₹7,560 | ₹8,110 |
CEAT Share Price Target in 2030
By 2030, CEAT’s share price target is estimated to reach ₹9,280, driven by its long-term growth strategies and continued market leadership in the tyre segment.
| Year | Minimum Target | Maximum Target |
|---|---|---|
| 2030 | ₹8,730 | ₹9,280 |
Financial Health and Performance Analysis of the Company (FY 2020 – FY 2024)
Company Financials: Income (P&L) (FY 2020 – FY 2024)
FY 2024
| Metric | FY 2024 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹11,963.21 Cr | +5.57% |
| Total Expenses | ₹11,069.14 Cr | +0.15% |
| Profit after Tax (PAT) | ₹642.65 Cr | +245.20% |
| Operating Profit Margin (%) | 9.73% | – |
| Net Profit Margin (%) | 5.38% | – |
| Basic EPS (₹) | ₹158.87 | – |
FY 2023
| Metric | FY 2023 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹11,331.82 Cr | +20.88% |
| Total Expenses | ₹11,052.48 Cr | +18.90% |
| Profit after Tax (PAT) | ₹186.17 Cr | +161.47% |
| Operating Profit Margin (%) | 4.60% | – |
| Net Profit Margin (%) | 1.64% | – |
| Basic EPS (₹) | ₹46.03 | – |
FY 2022
| Metric | FY 2022 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹9,374.81 Cr | +22.97% |
| Total Expenses | ₹9,295.77 Cr | +30.16% |
| Profit after Tax (PAT) | ₹71.20 Cr | -83.52% |
| Operating Profit Margin (%) | 3.05% | – |
| Net Profit Margin (%) | 0.76% | – |
| Basic EPS (₹) | ₹17.60 | – |
FY 2021
| Metric | FY 2021 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹7,623.41 Cr | +12.12% |
| Total Expenses | ₹7,141.77 Cr | +10.17% |
| Profit after Tax (PAT) | ₹432.04 Cr | +86.83% |
| Operating Profit Margin (%) | 8.63% | – |
| Net Profit Margin (%) | 5.67% | – |
| Basic EPS (₹) | ₹106.81 | – |
FY 2020
| Metric | FY 2020 | Y/Y Growth |
|---|---|---|
| Total Revenue | ₹6,799.34 Cr | -3.19% |
| Total Expenses | ₹6,482.43 Cr | -2.12% |
| Profit after Tax (PAT) | ₹231.25 Cr | -8.31% |
| Operating Profit Margin (%) | 6.90% | – |
| Net Profit Margin (%) | 3.41% | – |
| Basic EPS (₹) | ₹57.17 | – |
Analysis Summary
- Revenue Growth: The company showed positive revenue growth in FY 2024 at +5.57%, continuing a strong upward trend from FY 2023 (+20.88%). The company faced a decline in FY 2020 at -3.19%.
- Expense Management: Total expenses saw a minimal increase of +0.15% in FY 2024, compared to much higher growth in previous years. This demonstrates effective control over cost despite rising revenues.
- Profitability: Profit after Tax (PAT) saw a remarkable increase of +245.20% in FY 2024, recovering from earlier low points, driven by efficient operational performance. The company experienced a significant decline in PAT in FY 2022 (-83.52%).
- Margins: Operating Profit Margin (OPM) improved in FY 2024 to 9.73%, a notable recovery from FY 2023. The Net Profit Margin (NPM) also reached a healthy 5.38% in FY 2024.
- Earnings Per Share (EPS): The Basic EPS surged to ₹158.87 in FY 2024, demonstrating substantial earnings growth compared to ₹57.17 in FY 2020.
How to Buy Company Shares
- Choose a Broker: Select a reliable brokerage platform offering the company’s shares.
- Open a Trading Account: Set up a Demat and trading account with the selected broker.
- Complete KYC: Provide necessary documents for Know Your Customer (KYC) verification.
- Deposit Funds: Transfer funds to your trading account for share purchases.
- Search for the Company Shares: Locate the company’s shares using its name or ticker symbol.
- Place an Order: Choose the desired number of shares and place either a market or limit order.
- Confirm Purchase: Review your order details before finalizing the transaction.
CEAT Share Price Target for the Next 5 Years
CEAT, a leading player in the Indian tyre industry, has demonstrated consistent market growth and strong financials. The following are the projected share price targets for CEAT for the next five years:
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2024 | ₹2,880 | ₹3,430 |
| 2025 | ₹4,180 | ₹4,730 |
| 2026 | ₹4,860 | ₹5,410 |
| 2027 | ₹5,640 | ₹6,190 |
| 2028 | ₹6,540 | ₹7,090 |
Shareholding Pattern of CEAT
Promoters:
- No. of Shares: 1,90,95,398
- Percentage: 47.21%
- % Change QoQ: 0.00%
Pledge:
- No. of Shares: 0
- Percentage: 0.00%
- % Change QoQ: 0.00%
FII (Foreign Institutional Investors):
- No. of Shares: 67,34,652
- Percentage: 16.65%
- % Change QoQ: -2.10%
DII (Domestic Institutional Investors):
- No. of Shares: 79,81,427
- Percentage: 19.74%
- % Change QoQ: +2.66%
MF (Mutual Funds):
- No. of Shares: 61,14,550
- Percentage: 15.12%
- % Change QoQ: +2.92%
Others:
- No. of Shares: 66,38,615
- Percentage: 16.40%
- % Change QoQ: -0.55%
Pros and Cons of CEAT
Pros:
- Market Leadership: Strong presence in the Indian tyre market, providing stability and long-term growth opportunities.
- Diversified Clientele: Serving a wide range of customers, including automotive manufacturers and retail clients, ensuring sustained demand.
- Innovation and Expansion: Continued focus on innovation and expanding market reach, both domestically and internationally.
Cons:
- Raw Material Price Fluctuations: Vulnerable to changes in the prices of raw materials, which can impact profitability.
- High Debt Levels: Elevated debt levels could pose financial risks, particularly in a rising interest rate environment.
- Competition: Intense competition in the tyre industry, both from domestic and international players, which may pressure margins.
Peer Competitors of CEAT in the Tyres Industry
| Name | Share Price (₹) | Market Cap (₹ Cr) |
|---|---|---|
| Balkrishna Industries | 2,722.00 | 52,576.75 |
| MRF | 1,23,500.00 | 52,359.61 |
| Apollo Tyres | 510.00 | 32,402.79 |
| CEAT | 2,977.85 | 12,053.95 |
| JK Tyre & Industries | 379.15 | 10,390.85 |
| TVS Srichakra | 3,813.95 | 2,915.30 |
| Goodyear India | 1,038.10 | 2,394.89 |
(FAQ)
1. What is CEAT’s market position in the tyre industry?
- CEAT is one of the leading tyre manufacturers in India, known for its strong market presence and diverse product offerings in the automotive sector. It is part of the BSE SmallCap and Nifty 500 Multicap indices.
2. What factors influence CEAT’s share price?
- CEAT’s share price is influenced by factors such as its financial performance, demand for tyres, raw material prices, market competition, and macroeconomic conditions. Investor sentiment and global demand for vehicles also impact its stock price.
3. How does CEAT compare to its competitors in the tyre industry?
- CEAT’s competitors include companies like MRF, Apollo Tyres, and Balkrishna Industries. While CEAT has a strong market share, other players like MRF and Balkrishna Industries have higher market caps and profitability.
4. What is the expected growth of CEAT’s share price in the coming years?
- CEAT’s share price is projected to experience growth over the next few years, supported by expansion in both domestic and international markets, innovation in product offerings, and strong financial performance.
5. Who are CEAT’s main competitors in the tyre industry?
- CEAT’s key competitors include MRF, Apollo Tyres, Balkrishna Industries, JK Tyre & Industries, TVS Srichakra, and Goodyear India, all of which are major players in the Indian tyre manufacturing sector.
6. What is the market capitalization of CEAT?
- As of the latest data, CEAT’s market capitalization stands at ₹12,053.95 crore.
7. What are the key factors impacting CEAT’s stock performance?
- Key factors include fluctuations in raw material costs, demand for automotive products, global supply chain disruptions, and changes in regulatory policies affecting the automotive sector.
8. How does CEAT’s dividend yield compare to its competitors?
- CEAT offers a dividend yield of 1.01%, which is competitive within the tyre industry, though some competitors like Apollo Tyres and JK Tyre offer slightly higher dividend yields.
9. Is CEAT a good investment opportunity?
- CEAT has a strong market presence, but potential investors should consider factors like its valuation, growth prospects, and market conditions before making investment decisions.
10. What are the risks involved in investing in CEAT?
- Risks include sector dependency on the automotive market, raw material price fluctuations, intense competition, and regulatory changes in the tyre industry.
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