| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 4,762 | 3,773 | +26.2% |
| EBITDA | 457 | 503 | −9.2% |
| EBITDA margin | 9.6% | 13.3% | −3.7 pts |
| Profit before tax | 169 | 246 | −31.4% |
| Net profit | 112 | 186 | −39.7% |
| EPS | ₹27.79 | ₹45.98 | −39.6% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 12,664 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 32.0 | 39.5 | 47.9 | 55.2 | 60.6 | ||
| 8.0 | 8.0 | 7.7 | 9.7 | 17.4 | ||
| 3,011 | 3,011 | 1,928 | 1,629 | 2,093 | ||
| 15,651 | — | — | — | — | ||
| 17,456 | 15,678 | 13,218 | 11,943 | 11,315 | ||
| — | +18.6% | +10.7% | +5.6% | — | ||
| 1,978 | 2,047 | 1,474 | 1,652 | 974 | ||
| 11.3% | 13.1% | 11.2% | 13.8% | 8.6% | ||
| 1,227 | 1,350 | 911 | 1,143 | 505 | ||
| 515 | 697 | 471 | 635 | 182 | ||
| 3.0% | 4.5% | 3.6% | 5.3% | 1.6% | ||
| ₹127.63 | ₹172.78 | ₹116.68 | ₹159.07 | ₹46.08 | ||
| — | +48.1% | −26.7% | +245.2% | — | ||
| — | 1,786 | 1,092 | 1,719 | 1,205 | ||
| — | −2,267 | −943 | −867 | −879 | ||
| −481 | −481 | 149 | 852 | 326 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 12,664.0 | |
| - Cash, Equiv & ST Investments | 60.6 | 55.2 | 47.9 | 39.5 | 32.0 | |
| + Minority Interest | 17.4 | 9.7 | 7.7 | 8.0 | 8.0 | |
| + Total Debt | 2,092.7 | 1,628.9 | 1,928.4 | 3,010.8 | 3,010.8 | |
| Enterprise Value | — | — | — | — | 15,650.8 | |
| Revenue | 11,314.9 | 11,943.5 | 13,217.9 | 15,678.0 | 17,455.9 | |
| Growth %, YoY | — | +5.6 | +10.7 | +18.6 | — | |
| EBITDA | 973.8 | 1,652.2 | 1,474.1 | 2,047.2 | 1,978.1 | |
| Margin % | 8.61 | 13.83 | 11.15 | 13.06 | 11.33 | |
| EBIT | 504.5 | 1,143.4 | 911.5 | 1,349.8 | 1,226.9 | |
| Net Income | 182.4 | 635.3 | 471.4 | 697.2 | 515.2 | |
| Margin % | 1.61 | 5.32 | 3.57 | 4.45 | 2.95 | |
| EPS, Adj (current shares) | 46.08 | 159.07 | 116.68 | 172.78 | 127.63 | |
| Growth %, YoY | — | +245.2 | -26.7 | +48.1 | — | |
| Cash from Operations | 1,205.5 | 1,719.3 | 1,092.0 | 1,785.6 | — | |
| Capital Expenditures | -879.1 | -867.3 | -943.4 | -2,267.0 | — | |
| Free Cash Flow | 326.4 | 852.0 | 148.6 | -481.5 | -481.5 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Ceat (NSE: CEATLTD) had a market capitalisation of ₹12,580 crore at the 29 October 2026 close (₹3,144.90 a share), a PE ratio of 24.4 on the last four quarters' profit and a price-to-book ratio of 2.54. In FY26 its consolidated net profit was ₹698 crore on revenue of ₹15,678 crore; in Q2 FY27 (July–September 2026) it was ₹112 crore, down 39.8% year on year. Its debt-to-equity ratio was 0.77 on 30 September 2026. Promoters held 47.29% of the shares on 30 September 2026.
Ceat's PE ratio is 24.4 at the 29 October 2026 close (₹3,144.90 a share): a market capitalisation of ₹12,580 crore divided by consolidated net profit of ₹516 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit (₹698 crore) it is 18.0.
Ceat's net worth — shareholders' equity in its consolidated balance sheet — was ₹4,961 crore on 30 September 2026, up 8.5% from ₹4,572 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹12,580 crore at the 29 October 2026 close.
Ceat's book value per share was ₹1,240.25 on 30 September 2026: shareholders' equity of ₹4,961 crore divided by the 4 crore shares in issue, up 9.7% from ₹1,130.33 a year earlier. The share price at the 29 October 2026 close was ₹3,144.90.
Ceat's price-to-book (PB) ratio is 2.54 at the 29 October 2026 close: a market capitalisation of ₹12,580 crore divided by shareholders' equity (book value) of ₹4,961 crore on 30 September 2026. That is a book value of ₹1,240.25 per share against a share price of ₹3,144.90.
No. Ceat had borrowings of ₹3,846 crore on 30 September 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.77. Its cash and current investments were ₹40 crore, so its net debt was ₹3,806 crore.
In FY26, Ceat's return on equity (ROE) was 14.8% and its return on capital employed (ROCE) was 19.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 11.2% and ROCE 15.6%.
Ceat's market capitalisation was ₹12,580 crore at the 29 October 2026 close: 4 crore shares at ₹3,144.90 each.
Ceat's basic earnings per share (EPS) were ₹172.78 in FY26, against ₹116.85 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹127.90.
In 2026, Ceat has declared one dividend: ₹35 with record date 31 July 2026.
Ceat's debt-to-equity ratio was 0.77 on 30 September 2026: borrowings of ₹3,846 crore against total equity of ₹4,969 crore. A year earlier, on 30 September 2025, it was 0.64.
Ceat's dividend yield is 1.11% at the 29 October 2026 close: dividends of ₹35 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹3,144.90. They were ₹35 on 31 July 2026.
Promoters held 47.29% of Ceat on 30 September 2026, unchanged from the previous quarter and up 0.08 percentage points from 47.21% a year earlier, according to the shareholding pattern filed with NSE.
On 30 September 2026, Ceat's shares were held by promoters 47.29%, foreign portfolio investors (FII/FPI) 13.41%, domestic institutions (DII) 23.26% (including mutual funds at 18.38%) and retail and other non-institutional investors 15.70%. Over the year, FII holding was down 2.80 percentage points from 16.21% and DII holding was up 2.21 percentage points from 21.05%.
At the 29 October 2026 closing prices, on FY26 net profit, Ceat's PE ratio is 18.0, the second highest of the four: MRF 20.6, Apollo Tyres 17.9 and JK Tyre & Industries 11.5, a peer average of 16.7. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Ceat earned net profit of ₹698 crore on revenue of ₹15,678 crore, against ₹2,426 crore on ₹31,149 crore for MRF. Ceat's operating margin was 8.6% (MRF 10.1%) and its return on equity 14.8% (MRF 12.3%). At the 29 October 2026 close, Ceat's market capitalisation was ₹12,580 crore against ₹50,060 crore for MRF, and its PE ratio on FY26 profit 18.0 against 20.6.
In FY26, Ceat generated ₹1,786 crore of cash from operations and spent ₹2,267 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹481 crore. In FY25 it was ₹149 crore.
Ceat's latest results are for Q2 FY27 (July–September 2026), filed on 14 October 2026: consolidated net profit ₹112 crore, down 39.8% from ₹186 crore in Q2 FY26; revenue from operations ₹4,762 crore, up 26.2% year on year.
Ceat has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
In FY26 (April 2025–March 2026), Ceat's consolidated net profit was ₹698 crore, up 48.1% from ₹471 crore in FY25, on revenue from operations of ₹15,678 crore (up 18.6%). Over three years, from FY23, net profit was up 274.9%.
On FY26 consolidated figures, against MRF, Apollo Tyres and JK Tyre & Industries: Ceat's operating margin of 8.6% is the lowest of the four (MRF 10.1%, Apollo Tyres 9.1%, JK Tyre & Industries 9.6%; peer average 9.6%); its return on equity of 14.8% is the highest of the four (MRF 12.3%, Apollo Tyres 8.7%, JK Tyre & Industries 14.2%; peer average 11.8%); its revenue growth over three years of 11.5% a year is the highest of the four (MRF 10.6% a year, Apollo Tyres 5.0% a year, JK Tyre & Industries 3.7% a year; peer average 6.5% a year).
From Ceat's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.