Ceat Share Price Target (2023, 2024, 2025, 2026, 2027, 2028, 2029, 2030), Ceat Fundamentals, Financial Trends, Business and more
Do you want to know about the Ceat Share Price Target? if yes, then you have come to the right place.
Here we will talk about the Ceat Share Price Target 2023, 2024, 2025, 2026, 2030 in details. As you already know this is the tyre manufacturing company which has the potential to give Multibagger returns in future
Hey friends, I am Sachin, author of this blog. So, before talking about the Ceat share price target, first of all we will know about it and afterward we will know its fundamentals and financial too. So stay tuned till the end of this blog, let’s get started.
About Ceat Limited
The full form of Ceat is Cavi Elettrici e Affini Torino, which you may know in short as as Ceat. This company was established in the year 1924 in Italy which is owned by RPG Group Company. Ceat is one of India’s main Tire Manufacturing Company. It does this work in many countries around the world. This company i.e. Ceat manufactures about 165 million tires in a year.
Ceat provides tyres for bike, scooters, three-wheeler, light commercial vehicles (LCVs), truck, car, bus, and tractors. It offers a range of car tires, such as Maruti Alto, Maruti Swift, Maruti Alto K10, Hyundai Grand 110, Hyundai 110, Tata Indica, Honda City, and Toyota Innova. It provides a range of bike tires, such as Puncture Safe, Hero Passion, Royal Enfield, Bajaj Platina, Honda Dream, TVS Apache, Yamaha FZ, Bajaj Pulsar and Bajaj Dominar. It offers a range of scooter tires, such as TVS Wego, Honda Aviator, Honda Activa, TVS Jupiter, Hero Pleasure, Yamaha Ray, Alpha, Mahindra Duro, Hero Destini, Yamaha and Yamaha Fascino.
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Ceat Fundamentals
| Market Cap. | ₹8,306 Cr |
| ROE | 5.55% |
| EPS | 46.03 |
| P/E Ratio | 44.61 |
| Dividend Yield | 0.58% |
| Book Value | 850.34 |
| Debt To Equity | 0.67 |
Ceat Financial Trends
If we talk about the Revenue and Profit of Ceat Company then –
Its revenue in 2019 has been ₹ 6,985 Cr and profit is ₹ 252 Cr. There was a revenue of ₹ 6,779 Cr in 2020 and a profit of ₹ 231 Cr. In the same 2021, there was a profit of ₹ 432 crore with a revenue of ₹ 7,610 Cr. And this year i.e. in 2022 there has been a profit of ₹ 71.2 Cr with a revenue of ₹ 9,363 Cr.
If you want to know more about Ceat share, then you could must watch the given video.
Ceat Share Price Target 2023, 2024, 2025, 2026, 2030 Table
| Year | Ceat Share Price Target |
|---|---|
| 2023 | ₹1890 – ₹1920 |
| 2024 | ₹2089 – ₹2160 |
| 2025 | ₹2480 – ₹2530 |
| 2026 | ₹2755 – ₹2795 |
| 2027 | ₹2969 – ₹3000 |
| 2028 | ₹3480 – ₹3520 |
| 2029 | ₹3950 – ₹4090 |
| 2030 | ₹4570 – ₹4800 |
Ceat Share Price Target 2023
If you look at Debt to Equity ratio of the company, then it is very less. That means Company Debt can consider Negligible. If you see its Earning per Share (EPS), which is looking good. So considering these, If we talk about Ceat Share Price Target 2023, then its first target comes out to be INR 1890 and second targets go up to about INR 1920.
Ceat Share Price Target 2024
If we look at the Indian market Tyre sector, then about 31% market share is with this company. If we talk about its Sector PE, then its PE Ratio is much less than the Sector Ratio, you can consider it a positive sign. So, If we talk about Ceat share price Target 2024, then its first target comes out to be INR 2089 and if we talk about second targets, then it can go up to about INR 2160.
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Ceat Share Price Target 2025
The profit of Ceat is increasing continuously, but in 2022 this company has got less profit. If we look at its revenue and net worth, then it is okay because it is increasing. Talking about the Ceat Share Price Target 2025, the first target we can get to see is of INR 2480 and second target can be INR 2530. So because of less profit, this stock cannot be called bad because its financials are almost right and fundamentals are also good.
Ceat Share Price Target 2030
In a long run this stock will definitely have a potential to give good returns. Investors have a lot of confidence in the stock of Ceat. We can guess this from its shareholding pattern. The share holders of seven are as follows – (Promoters – 47.21%), (Foreign Institutions – 23.77%), (Retail and Others – 17.36%), (Mutual Funds – 9.45%), and (Other Domestic Institutions – 2.71%).
So Considering these, Ceat Share Price Target 2030 can be the first target of INR 4570 and if this stocks goes up and hits this Target then we can get to see second target of INR 4800.
Conclusion
The target price that is being told on the basis of technical analysis and its technical time keeps on changing from time to time. That’s why this price target is not accurate, if you invest in it, do it on the basis of your research and never invest due to greed.
I am written this article i.e. Ceat Share Price Target 2023, 2024, 2025, 2026, 2030 on the request of you people only, so if you also want to know about any other share, then you can comment. We will definitely discuss about that in the upcoming article. If you have any questions regarding this than you can we will definitely try to reply you best.
FAQs
Who is the Owner of Ceat?
Anuj Kumar is the RPG Group of the Ceat Limited company.
When is it right to invest in Ceat share?
Whenever you get undervalued shares of Ceat or if there is a slight decline in the stock, then you can invest in it. Or you can invest small amount every month in this stock.
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