Risk factor
Strong & resilient to price shocks
Profitability factor
Slightly undervalued vs peers
About
CEAT Limited is a manufacturer and global distributor of automotive tires, inner tubes, and protective flaps, serving both the Indian market and a vast international clientele. The company's comprehensive product portfolio features rubber tires and tubes engineered for a broad spectrum of vehicles, including scooters, motorcycles, three-wheelers, passenger cars, buses, light commercial vehicles, heavy trucks, and agricultural tractors. Demonstrating a significant global presence, CEAT exports its offerings to around 110 countries worldwide. Established in 1958, the company was initially incorporated as CEAT Tyres of India Limited, subsequently adopting its current name, CEAT Limited, in 1990. Its primary operations are headquartered in Mumbai, India.
Company Valuation
From both historical and forecast perspectives, the stock is moderately underpriced compared to similar stocks. Specifically, the stock is fairly valued on P/E, undervalu
Target Price
The average target price of CEATLTD.NS is 4019 and suggests 24.6% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation t