Company Information

Ceat Ltd, which is a part of the RPG conglomerate is one of the chief tire producers in India. The company provides an extensive range of tires to leading Original Equipment Manufacturers across the world. They manufacture a variety of tires which cater to various segments, which covers tires for heavy-duty trucks and buses (T&B), LCVs, earthmovers and forklifts, tractors, trailers, passenger cars (PC), motorcycles, scooters and auto-rickshaws. They offer more than 7 million tires in a year and the company controls about 13% of the Indian tire market. The company runs from two plants in Maharashtra, one plant in Bhandup and the other one in Nasik. They have a strong national network consisting of 34 regional offices and above 3,500 dealers among which nearly 100 are exclusive dealers operating the CEAT Shoppe outlets for passenger car segment and 96 dealers who are running the CEAT HUBs for the Truck & Bus Segments. The company has their presence in around 110 countries.

Ceat Share: History and Trends

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Should You Invest in Ceat Shares?

For the FY2019, Ceat Ltd has received mixed reviews in terms of performance. Due to the increase in the prices of raw material used, the costs for the company have been on an on a rising slope thus decreasing the operating profitability of the company. The company is predicted to gain from the increase in market share in the passenger vehicles and the two and three wheeler segments and overall capacity expansion. All these factors along with the reasonable valuations predicted by market analysts makes Ceat Ltd a great long-term portfolio.

Since January 2018, the Ceat Ltd share price has been dropping. The highest value of Ceat Ltd share price was ₹2001.95 in January and the lowest share price for Ceat Ltd was ₹1016 in September 2018.