CEAT Ltd
Fortune 500 2024
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OVERVIEW
FINANCIALS
NEWS
About
CEAT was founded in 1924 in order to produce and sell tires. With an annual revenue of ₹11,315 cr today, it is a flagship company of the RPG Group. It produces tires for scooters, bikes, cars, buses, three-wheelers, trucks, tractors, and light commercial vehicles. CEAT’s operations are managed by 7 regional offices in India, Indonesia, Nepal, Germany, Dubai, Brazil, and the Philippines. With 6 manufacturing plants in India, the company has a production capacity of over 140,000 tires per day. CEAT has also ventured into the production of premium cricket bats, endorsed by the current men’s Indian Cricket Team captain, Rohit Sharma.
Incorporation Year: 1958
Headquarters: Mumbai
Top Management: H. V. Goenka/Arnab Banerjee
Industry: Plastics
Website: www.ceat.com
Featured In Fortune India Ranking
Fortune 500 India
#204(2024)
#197(2023)
#187(2022)
#189(2021)
#209(2020)
#205(2019)
#220(2018)
#217(2017)
#218(2016)
#206(2015)
#199(2014)
#212(2013)
#207(2012)
#217(2011)
#228(2010)
#204(2024)#197(2023)#187(2022)#189(2021)#209(2020)#205(2019)#220(2018)#217(2017)#218(2016)#206(2015)#199(2014)#212(2013)#207(2012)#217(2011)#228(2010)
Ranking Trend Fortune 500 India
Financial Data 2024
Revenue
12,019
(INR Cr)
Net Operating Income
11,943
(INR Cr)
Assets
5,944
(INR Cr)
Profit
643
(INR Cr)
Net Worth
4,043
(INR Cr)
Fortune India Coverage
Financial Data
RevenueNet Operating IncomeProfitAssetsNet Worth
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 12019 6.0% | 11336 18.2% | 9592 26.3% | 7595 11.5% | 6810 -6.0% | 7243 15.9% | 6249 6.1% | 5889 6.6% | 5523 -3.4% | 5718 0.7% | 5680 11.1% | 5113 9.9% | 4652 22.5% | 3798 30.0% | 2921 20.2% | 2429 - |
| Net Operating Income (INR Cr) | 11943 5.56% | 11315 20.84% | 9363 23.05% | 7610 12.26% | 6779 -2.94% | 6985 11.16% | 6283 8.96% | 5767 5.16% | 5484 -4.67% | 5752 3.57% | 5554 9.93% | 5052 8.59% | 4653 28.13% | 3631 27.39% | 2850 0.00% | 2366 1.67% |
| Profit (INR Cr) | 643 245.2% | 186 161.5% | 71 -83.5% | 432 86.8% | 231 -8.3% | 252 6.0% | 238 -34.1% | 361 -17.5% | 438 38.0% | 317 16.9% | 271 125.7% | 120 561.1% | 18 -31.6% | 27 -83.8% | 164 - | -16 - |
| Assets (INR Cr) | 5944 2.1% | 5819 3.8% | 5609 13.8% | 4930 -3.5% | 5108 17.9% | 4331 22.4% | 3539 3.0% | 3436 23.0% | 2794 10.7% | 2524 11.4% | 2265 23.2% | 1839 -8.1% | 2000 19.4% | 1675 25.6% | 1334 17.6% | 1134 - |
| Net Worth (INR Cr) | 4043 17.5% | 3440 5.1% | 3273 -1.3% | 3316 14.0% | 2908 5.1% | 2766 6.1% | 2606 7.9% | 2415 17.5% | 2055 22.8% | 1673 64.1% | 1020 31.3% | 776 16.1% | 669 2.4% | 653 3.8% | 629 0.0% | 484 -3.2% |
| Employee Cost (INR Cr) | 854 11.3% | 767 9.4% | 701 1.9% | 688 23.8% | 556 2.5% | 542 14.8% | 472 12.5% | 420 5.0% | 400 3.8% | 385 23.8% | 311 9.9% | 283 22.7% | 231 4.2% | 221 12.8% | 196 23.8% | 159 - |
| Interest Cost (INR Cr) | 269 | 242 | 207 | 179 | 154 | 93 | 104 | 90 | 101 | 142 | 187 | 196 | 196 | 102 | 73 | 84 |
| Cash & Bank Balance (INR Cr) | 59 | 72 | 36 | 43 | 34 | 74 | 86 | 36 | 63 | 124 | 168 | 112 | 40 | 49 | 160 | 202 |
| Total Debt (INR Cr) | 1792 | 2295 | 2229 | 1533 | 2035 | 1498 | 872 | 924 | 663 | 775 | 1174 | 1038 | 1311 | 1011 | 693 | 645 |
Key Financial Ratios
Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 5.4% | 1.6% | 0.7% | 5.7% | 3.4% | 3.5% | 3.8% | 6.1% | 7.9% | 5.6% | 4.8% | 2.4% | 0.4% | 0.7% | 5.6% | - |
| Profit As % Of Assets | 10.8% | 3.2% | 1.3% | 8.8% | 4.5% | 5.8% | 6.7% | 10.5% | 15.7% | 12.6% | 12.0% | 6.5% | 0.9% | 1.6% | 12.3% | - |
| Profit As % Of Networth | 15.9% | 5.4% | 2.2% | 13.0% | 8.0% | 9.1% | 9.1% | 15.0% | 21.3% | 19.0% | 26.6% | 15.5% | 2.7% | 4.1% | 26.0% | - |
| Interest Cost to EBITDA % | 16.9% | 25.7% | 29.7% | 18.8% | 22.1% | 15.4% | 17.7% | 13.8% | 13.2% | 20.8% | 28.2% | 46.1% | 72.4% | 64.9% | 23.9% | 363.2% |
| Debt to Equity Ratio | 0.44 | 0.67 | 0.68 | 0.46 | 0.70 | 0.54 | 0.33 | 0.38 | 0.32 | 0.46 | 1.15 | 1.34 | 1.96 | 1.55 | 1.10 | 1.33 |
| RONW | 17.0% | 6.1% | 2.6% | 13.9% | 8.1% | 10.6% | 9.3% | 16.1% | 21.4% | 23.3% | 30.2% | 18.5% | 3.1% | 5.1% | 25.8% | - |
| ROCE | 19.2% | 9.3% | 6.2% | 13.3% | 9.8% | 13.2% | 13.6% | 18.0% | 26.3% | 26.1% | 29.2% | 20.5% | 12.2% | 10.1% | 23.8% | 4.5% |