Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of CEAT Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,875 | 2,935 | 3,053 | 2,963 | 2,992 | 3,193 | 3,305 | 3,300 | 3,421 | 3,529 | 3,773 | 4,157 | 4,219 |
| Expenses + | 2,507 | 2,548 | 2,597 | 2,546 | 2,600 | 2,810 | 2,942 | 2,959 | 3,033 | 3,142 | 3,269 | 3,594 | 3,626 |
| Operating Profit | 368 | 387 | 456 | 418 | 392 | 383 | 362 | 341 | 388 | 388 | 503 | 563 | 593 |
| OPM % | 13% | 13% | 15% | 14% | 13% | 12% | 11% | 10% | 11% | 11% | 13% | 14% | 14% |
| Other Income + | -6 | 3 | 10 | 3 | -55 | 14 | 3 | 3 | -33 | 1 | 4 | -52 | 16 |
| Interest | 67 | 70 | 72 | 66 | 62 | 62 | 66 | 75 | 74 | 82 | 87 | 105 | 85 |
| Depreciation | 125 | 121 | 124 | 127 | 136 | 132 | 137 | 141 | 152 | 151 | 174 | 188 | 184 |
| Profit before tax | 170 | 199 | 270 | 228 | 139 | 203 | 162 | 128 | 129 | 156 | 246 | 218 | 340 |
| Tax % | 27% | 27% | 25% | 24% | 33% | 27% | 29% | 28% | 28% | 27% | 28% | 31% | 30% |
| Net Profit + | 132 | 144 | 208 | 181 | 102 | 154 | 121 | 97 | 99 | 112 | 186 | 155 | 244 |
| EPS in Rs | 33.05 | 35.75 | 51.42 | 44.87 | 26.84 | 38.11 | 30.13 | 24.01 | 24.60 | 27.80 | 45.97 | 38.51 | 60.28 |
Financials of CEAT Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 5,705 | 5,484 | 5,766 | 6,282 | 6,985 | 6,779 | 7,610 | 9,363 | 11,315 | 11,943 | 13,218 | 15,678 |
| Expenses + | 5,013 | 4,694 | 5,096 | 5,652 | 6,332 | 6,052 | 6,617 | 8,640 | 10,341 | 10,291 | 11,742 | 13,631 |
| Operating Profit | 692 | 789 | 670 | 630 | 652 | 727 | 993 | 724 | 974 | 1,653 | 1,475 | 2,047 |
| OPM % | 12% | 14% | 12% | 10% | 9% | 11% | 13% | 8% | 9% | 14% | 11% | 13% |
| Other Income + | 16 | 7 | 28 | 9 | 10 | 8 | 10 | 17 | -8 | -18 | 8 | -31 |
| Interest | 142 | 101 | 90 | 104 | 93 | 154 | 179 | 210 | 242 | 269 | 278 | 359 |
| Depreciation | 93 | 108 | 143 | 169 | 193 | 277 | 340 | 435 | 469 | 509 | 563 | 697 |
| Profit before tax | 472 | 587 | 466 | 367 | 376 | 304 | 484 | 95 | 254 | 857 | 643 | 960 |
| Tax % | 33% | 32% | 23% | 36% | 33% | 24% | 11% | 26% | 28% | 26% | 27% | 29% |
| Net Profit + | 314 | 436 | 359 | 233 | 251 | 230 | 432 | 71 | 182 | 635 | 471 | 697 |
| EPS in Rs | 78.41 | 108.17 | 89.28 | 58.83 | 62.35 | 57.17 | 106.81 | 17.60 | 46.02 | 158.87 | 116.85 | 172.56 |
| Dividend Payout % | 13% | 11% | 13% | 20% | 19% | 21% | 17% | 17% | 26% | 19% | 3% | 20% |
Financials of CEAT Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 1,642 | 2,014 | 2,374 | 2,566 | 2,726 | 2,867 | 3,276 | 3,232 | 3,399 | 4,002 | 4,328 | 5,006 |
| Borrowings + | 775 | 663 | 924 | 872 | 1,498 | 2,035 | 1,533 | 2,229 | 2,295 | 1,792 | 2,136 | 3,272 |
| Other Liabilities + | 1,365 | 1,390 | 1,578 | 1,669 | 2,140 | 2,423 | 3,284 | 3,658 | 3,891 | 4,160 | 4,707 | 5,584 |
| Total Liabilities | 3,822 | 4,108 | 4,917 | 5,146 | 6,404 | 7,366 | 8,133 | 9,160 | 9,627 | 9,994 | 11,212 | 13,902 |
| Fixed Assets + | 1,581 | 2,032 | 2,453 | 2,709 | 3,180 | 4,160 | 4,763 | 5,329 | 6,096 | 6,271 | 6,984 | 8,478 |
| CWIP | 229 | 299 | 326 | 310 | 833 | 1,069 | 793 | 876 | 596 | 684 | 538 | 598 |
| Investments | 312 | 195 | 232 | 214 | 181 | 184 | 210 | 179 | 170 | 182 | 190 | 222 |
| Other Assets + | 1,700 | 1,581 | 1,907 | 1,914 | 2,210 | 1,954 | 2,367 | 2,775 | 2,765 | 2,858 | 3,501 | 4,604 |
| Total Assets | 3,822 | 4,108 | 4,917 | 5,146 | 6,404 | 7,366 | 8,133 | 9,160 | 9,627 | 9,994 | 11,212 | 13,902 |
Financials of CEAT Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 749 | 702 | 335 | 672 | 561 | 956 | 1,358 | 619 | 1,205 | 1,719 | 1,092 | 1,786 |
| Cash from Investing Activity + | -253 | -433 | -543 | -412 | -1,060 | -1,076 | -618 | -944 | -849 | -854 | -922 | -2,271 |
| Cash from Financing Activity + | -194 | -326 | 219 | -202 | 484 | 79 | -731 | 313 | -320 | -871 | -177 | 477 |
| Net Cash Flow | 301 | -57 | 10 | 58 | -15 | -40 | 9 | -12 | 37 | -5 | -7 | -8 |
| Free Cash Flow | 449 | -12 | -248 | 189 | -546 | -154 | 723 | -337 | 328 | 852 | 149 | 639 |
| CFO/OP | 124% | 110% | 65% | 122% | 98% | 134% | 142% | 88% | 120% | 114% | 80% | 96% |
Financials of CEAT Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 45 | 40 | 39 | 43 | 37 | 36 | 44 | 45 | 42 | 39 | 46 | 43 |
| Inventory Days | 70 | 76 | 101 | 75 | 88 | 88 | 97 | 79 | 56 | 61 | 63 | 68 |
| Days Payable | 68 | 75 | 81 | 83 | 92 | 111 | 157 | 131 | 112 | 123 | 122 | 132 |
| Cash Conversion Cycle | 47 | 40 | 59 | 35 | 33 | 12 | -16 | -6 | -14 | -23 | -13 | -21 |
| Working Capital Days | -7 | 11 | 21 | -9 | -11 | -27 | -41 | -41 | -49 | -51 | -49 | -49 |
| ROCE % | 26% | 27% | 19% | 15% | 13% | 10% | 14% | 6% | 9% | 20% | 15% | 19% |