The company offers a wide range of tyres for original equipment manufacturers (OEMs) and retail customers through dealers, distributors, and online channels/platforms. CEAT became a part of the RPG Group in 1982 and operates as a subsidiary of RPG Enterprises Limited. The company has earned the Deming Grand Prize in 2023 as the first tyre maker globally and received WEF Lighthouse Certification for its Halol plant's digital manufacturing.
Cyborg Score Rationale
In 2024, CEAT Limited's revenue was 132.18 billion, an increase of 10.67% compared to the previous year's 119.43 billion. The company reported a 10.2% quarter-on-quarter increase in consolidated revenues and 26% year-on-year growth for Q3 FY 2025-26. However, rising raw material costs and currency depreciation pose challenges to profit margins.
Top Insights
First tire manufacturer globally to win Deming Grand Prize (2023) indicating operational excellence
Indian tire market is witnessing robust growth driven by favorable macroeconomic conditions and increased demand across segments, particularly in medium and heavy commercial vehicles
Q3 FY26 showed strong revenue growth of 26% YoY with net profit increasing 60.2% YoY despite QoQ decline
Company optimistic about future growth with anticipated recovery in OEM segment and ongoing premiumization trends
Named Competitors
JK Tyre & Industries Ltd — Major Indian tire manufacturer competing across passenger and commercial vehicle segments
MRF Limited — Leading tire manufacturer with strong market presence in India and international markets
Apollo Tyres — Pan-Asian tire manufacturer with significant presence in Indian market
Bridgestone India — Global tire manufacturer with manufacturing and distribution operations in India
Recent Developments
(Feb 2026) Share price reached ₹3,893.90 with 31.57% year-over-year gains
(Q3 FY26) Reported 26% YoY consolidated revenue growth and 60.2% YoY net profit increase
(FY25) Revenue crossed ₹13,218.9 crore with integrated Camso off-highway business acquisition and ₹946 crore capex investment
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