Company Valuation: CEAT Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2022 2023 2024 2025 2026 2027 2028 2029
Market Cap 1 37,691 58,659 108,315 116,533 131,153 144,834 - -
Change - 55.63% 84.65% 7.59% 12.55% 10.43% - -
Enterprise Value (EV) 1 58,421 78,980 124,013 135,284 160,828 178,098 177,312 175,899
Change - 35.19% 57.02% 9.09% 18.88% 10.74% -0.44% -0.8%
P/E 52.9x 31.5x 16.9x 24.7x 18.8x 25.9x 15.2x 12.7x
PBR 1.15x 1.7x 2.68x 2.67x 2.6x 2.66x 2.32x 2.02x
PEG - 0x 0x -0.9x 0.4x -1.3x 0.2x 0.7x
Capitalization / Revenue 0.4x 0.52x 0.91x 0.88x 0.84x 0.78x 0.71x 0.64x
EV / Revenue 0.62x 0.7x 1.04x 1.02x 1.03x 0.96x 0.86x 0.78x
EV / EBITDA 3.42x 8.11x 7.51x 9.18x 7.86x 9.28x 6.99x 6.17x
EV / EBIT 21.3x 15.7x 10.8x 14.8x 11.9x 16.1x 10.6x 9.16x
EV / FCF -17.2x 24.1x 14.5x 90.6x 25.2x 56x 25.5x 23.9x
FCF Yield -5.82% 4.15% 6.87% 1.1% 3.97% 1.79% 3.92% 4.18%
Dividend per Share 2 3 12 30 30 35 28.77 39.04 42.2
Rate of return 0.32% 0.83% 1.12% 1.04% 1.08% 0.8% 1.09% 1.18%
EPS 2 17.6 46.02 158.9 116.8 172.8 138.3 236.1 281.6
Distribution rate 17% 26.1% 18.9% 25.7% 20.3% 20.8% 16.5% 15%
Net sales 1 93,634 113,149 119,435 132,179 156,780 185,915 205,267 226,496
EBITDA 1 17,098 9,738 16,522 14,741 20,472 19,194 25,367 28,491
EBIT 1 2,746 5,045 11,434 9,114 13,498 11,030 16,658 19,207
Net income 1 712 1,862 6,426 4,726 6,980 5,343 9,524 11,391
Net Debt 1 20,730 20,321 15,698 18,751 29,675 33,264 32,479 31,065
Reference price 2 931.80 1,450.15 2,677.75 2,880.90 3,242.35 3,580.55 3,580.55 3,580.55
Nbr of stocks (in thousands) 40,450 40,450 40,450 40,450 40,450 40,450 - -
Announcement Date 5/5/22 A 5/4/23 A 5/2/24 A 4/29/25 A 4/28/26 A - - -
1INR in Million2INR
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
25.88x0.96x9.28x0.8% 1.52B
14.73x1.26x5.45x3.89% 8.6B
6.24x0.53x3.36x4.64% 6.01B
25.65x1.68x12.71x0.17% 5.94B
28.48x3.54x16.8x0.75% 4.72B
22.43x1.23x8.03x3.57% 3.19B
16.86x0.98x7.77x1.44% 2.95B
14.93x0.98x7.46x2.6% 2.47B
11.05x - - 5.12% 2.2B
10.41x - - - 1.54B
Average 17.67x 1.40x 8.86x 2.55% 3.91B
Weighted average by Cap. 17.60x 1.45x 8.56x 2.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. CEATLTD Stock
  4. Valuation CEAT Limited