CEAT Limited is an Indian multinational Tire manufacturing company headquartered in Mumbai. The company manufactures tires for a wide range of vehicles including cars, buses, trucks, motorcycles and scooters.
As an investor, it is important to understand the potential of a company and its future growth prospects. It is a popular brand known for its quality products and customer-centric approach.
The company has over 50 OEM partners and over 3400 active tire dealers with a presence in over 100 countries across the globe. The past few years have seen positive financial results and have shown higher highs and higher lows, which is best for the long term.
CEAT is listed on both the NSE and BSE exchanges in India. The company’s revenue has increased by 13.01% and Earning Per Share has increased by 276.77% over the previous year. In this forecast, we will predict the share price of CEAT for the years 2023 to 2030 with our research and forecast system.
Fundamentals of CEAT
In July 2023, CEAT shares is trading at Rs 1427.75 per share. In the last year, the company’s share price was seen fluctuating between a high of Rs 1882.85 and a low of Rs 929.20. As per the company’s official data, the reported revenue is Rs 2,727 crore and the net profit of Rs 35.40 crore in FY 2022.
| Company Name | CEAT Limited |
| Industry | Tyre Manufacturer |
| Country | India |
| Primary Exchange | NSE/BSE |
| Founded | 1958 |
| Volume | 1,15,498 |
| Market Cap | ₹ 5,775 Cr |
| Revenue | ₹ 2,727 Cr |
| Net Profit | ₹ 35.39 Cr |
| EPS (TTM) | 19.21 |
| PE Ratio | 74.32 |
| Dividend Yield | 0.21% |
| Debt to Equity | 0.73 |
| 52 Week Low | 890.00 |
| 52 Week High | 1981.00 |
| Buy / Sell / Hold (Mar-23) | Buy |
| Face Value | 10 |
| Official Website | www.ceat.com |
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CEAT share price history – Last 5 years
The company’s growth potential also depends on the automobile industry, as it is closely linked to this industry. This directly positively affects the share price of the company. Below is the share price history for five years.
| Year | Low (₹) | High (₹) |
|---|---|---|
| 2018 | 1141.05 | 1590.40 |
| 2019 | 817.70 | 1090.25 |
| 2020 | 792.95 | 1148.45 |
| 2021 | 1174.25 | 1594.40 |
| 2022 | 929.20 | 1882.85 |
| 2023 | 1383.60 | 2550.30 |
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CEAT Shareholder pattern
The shareholding pattern is the major important key factor that helps in understanding the growth and profitability potential. By looking at the percentage of foreign investors, we can understand that qualified investors have invested here, which is a green signal for a longer period.
| Promoters | 47.21% |
| Foreign Institutions | 24.08% |
| Domestic Institutions | 2.45% |
| Mutual Funds | 10.39% |
| Others | 15.87% |
Stocks like CEAT
CEAT Share price targets for 2023, 2024, 2025, 2026, 2028 and 2030
The share price target is a prediction at a certain point in the future. In this case, we are making CEAT share price predictions for the years 2023 to 2030. According to our research, history and market trends, CEAT Stock will have a positive trend in future and may be good for the long term.
NB: You are advised that the target price is based on our research, experience and technical analysis. The share price can never be accurate in future, it is only an estimated future value that may differ from the actual price. Therefore, you are advised to do your research and consult your financial advisor.
2023
Based on the current trends, past history, research, market and technical analysis, CEAT share price is likely to increase in the next few years. While it is impossible to predict the exact price, the estimated company share price could be Rs 1880 to Rs 2550.30 by 2023.
2024
In 2024, the lowest target price is Rs 2546.20 to Rs 2745.60 based on market trends, past history and our research. And at the end of the year, the maximum target price for CEAT shares is Rs 2825.30 to Rs 3085.20 in 2024.
2025
In 2025, as per our research, market trends, past history and the forecast system, the possible first target price for the CEAT shares is Rs 3185.50 to Rs 3525.10 in 2025. And by the middle of the year, the second maximum possible target price is around Rs 3680.25 to Rs 3835.30 by 2025.
2026
According to our research, market trends and forecast system, the minimum share price target would be Rs 3295.10 to Rs 3430.40. And the maximum target price for CEAT shares is Rs 3315,40 to Rs 3555.30 at the end of the year.
2028
In 2028, with our experience, market trends, research and forecasting system, the lowest share price target is Rs 4245.80 to Rs 4585.40. And the maximum target price of CEAT shares is Rs 4565.60 to Rs 4850.40 at the end of the year.
2030
Based on our research, market trends and technical analysis, a Minimum Target Price for 2030 is Rs 5215.60 to Rs 5595.30. And the maximum target price of CEAT shares is Rs 5765.30 to Rs 6215.20 by 2030.
Check also – Tata Steel target price
Risk factors
The share price of a company is influenced by various factors such as growth in the automobile industry, raw material prices, competition and government policies.
- Raw Material Prices: Raw materials such as rubber, crude oil and carbon black are the major inputs for tire manufacturing. Therefore, fluctuations in the prices of these raw materials could affect CEAT’s profitability, which could have a negative impact on its share price.
- Government Policies: Any adverse change in government policies could affect growth and profitability and could have a negative impact on CETA’s share price.
- Competition: The company faces stiff competition from other tire manufacturers such as MRF, Apollo Tires and JK Tyre. So a company’s ability to compete on price, quality and innovation can affect its market share and profitability.
- Global Crises: The global crisis is another factor that can affect the demand and supply of factory products in the world.
Is CEAT a good Stock to buy?
Undoubtedly, it’s a good stock to hold for the long term, with a strong reputation and very consistent financial results over the years.
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FAQs
A: It all depends on the market trends. The company has maintained strong financial performance over the years and is expected to continue on an upward trend.
A: The maximum expected target price for CEAT shares in 2025 would be Rs 3680.25 to Rs 3835.30.
A: Yes, CEAT stock is good for the long term if we look at its past history, revenue growth and profit margin.
A: The maximum share price target of CEAT is Rs 5765.30 to Rs 6215.20 in 2030.
Conclusion
CEAT is a strong brand reputation and a customer-centric approach. The consensus company’s share price target over the next 12 months is around Rs 2,500.50 to Rs 2800.20. As an investor, thoroughly research and analyze the company’s financial position, industry trends and future growth prospects before making any investment decision.
Disclaimer: The share price predictions on our website (bankshala.com) are for general information only. We are not SEBI-registered financial advisors and no part of the website content provided by us should be considered financial advice. You should do research well and consult your financial advisor before investing.
