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- CEAT - APOLLO TYRES
CEAT vs APOLLO TYRES - Comparison Results
Current Valuations
| CEAT | APOLLO TYRES | CEAT/ APOLLO TYRES |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 21.5 | 21.3 | 101.0% | View Chart |
| P/BV | x | 2.8 | 2.2 | 127.2% | View Chart |
| Dividend Yield | % | 1.1 | 1.2 | 86.1% |
Financials
 CEAT  APOLLO TYRES |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| CEAT Mar-24 |
APOLLO TYRES Mar-24 |
CEAT/ APOLLO TYRES |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 2,997 | 560 | 535.4% | |
| Low | Rs | 1,381 | 318 | 434.8% | |
| Sales per share (Unadj.) | Rs | 2,952.7 | 399.6 | 738.9% | |
| Earnings per share (Unadj.) | Rs | 157.1 | 27.1 | 579.3% | |
| Cash flow per share (Unadj.) | Rs | 282.8 | 50.4 | 561.4% | |
| Dividends per share (Unadj.) | Rs | 30.00 | 6.00 | 500.0% | |
| Avg Dividend yield | % | 1.4 | 1.4 | 100.2% | |
| Book value per share (Unadj.) | Rs | 999.4 | 218.9 | 456.6% | |
| Shares outstanding (eoy) | m | 40.45 | 635.10 | 6.4% | |
| Bonus / Rights / Conversions | 0 | 0 | - | ||
| Price / Sales ratio | x | 0.7 | 1.1 | 67.5% | |
| Avg P/E ratio | x | 13.9 | 16.2 | 86.1% | |
| P/CF ratio (eoy) | x | 7.7 | 8.7 | 88.9% | |
| Price / Book Value ratio | x | 2.2 | 2.0 | 109.3% | |
| Dividend payout | % | 19.1 | 22.1 | 86.3% | |
| Avg Mkt Cap | Rs m | 88,558 | 278,666 | 31.8% | |
| No. of employees | `000 | NA | NA | - | |
| Total wages/salary | Rs m | 8,457 | 29,640 | 28.5% | |
| Avg. sales/employee | Rs Th | 0 | 0 | - | |
| Avg. wages/employee | Rs Th | 0 | 0 | - | |
| Avg. net profit/employee | Rs Th | 0 | 0 | - | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 119,435 | 253,777 | 47.1% | |
| Other income | Rs m | 203 | 1,536 | 13.2% | |
| Total revenues | Rs m | 119,638 | 255,313 | 46.9% | |
| Gross profit | Rs m | 16,143 | 43,915 | 36.8% | |
| Depreciation | Rs m | 5,088 | 14,778 | 34.4% | |
| Interest | Rs m | 2,691 | 5,270 | 51.1% | |
| Profit before tax | Rs m | 8,567 | 25,402 | 33.7% | |
| Minority Interest | Rs m | 0 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | 0 | 0 | - | |
| Tax | Rs m | 2,214 | 8,183 | 27.1% | |
| Profit after tax | Rs m | 6,353 | 17,219 | 36.9% | |
| Gross profit margin | % | 13.5 | 17.3 | 78.1% | |
| Effective tax rate | % | 25.8 | 32.2 | 80.2% | |
| Net profit margin | % | 5.3 | 6.8 | 78.4% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 26,906 | 90,277 | 29.8% | |
| Current liabilities | Rs m | 43,333 | 70,438 | 61.5% | |
| Net working cap to sales | % | -13.8 | 7.8 | -175.9% | |
| Current ratio | x | 0.6 | 1.3 | 48.4% | |
| Inventory Days | Days | 9 | 14 | 64.9% | |
| Debtors Days | Days | 392 | 38 | 1,023.2% | |
| Net fixed assets | Rs m | 72,558 | 178,472 | 40.7% | |
| Share capital | Rs m | 405 | 635 | 63.7% | |
| "Free" reserves | Rs m | 40,022 | 138,387 | 28.9% | |
| Net worth | Rs m | 40,426 | 139,022 | 29.1% | |
| Long term debt | Rs m | 9,566 | 26,727 | 35.8% | |
| Total assets | Rs m | 99,947 | 268,749 | 37.2% | |
| Interest coverage | x | 4.2 | 5.8 | 71.9% | |
| Debt to equity ratio | x | 0.2 | 0.2 | 123.1% | |
| Sales to assets ratio | x | 1.2 | 0.9 | 126.5% | |
| Return on assets | % | 9.0 | 8.4 | 108.1% | |
| Return on equity | % | 15.7 | 12.4 | 126.9% | |
| Return on capital | % | 22.5 | 18.5 | 121.7% | |
| Exports to sales | % | 0 | 8.0 | 0.0% | |
| Imports to sales | % | 17.6 | 2.4 | 723.3% | |
| Exports (fob) | Rs m | NA | 20,309 | 0.0% | |
| Imports (cif) | Rs m | 21,020 | 6,175 | 340.4% | |
| Fx inflow | Rs m | 23,516 | 21,541 | 109.2% | |
| Fx outflow | Rs m | 21,020 | 6,175 | 340.4% | |
| Net fx | Rs m | 2,496 | 15,366 | 16.2% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 17,193 | 34,395 | 50.0% | |
| From Investments | Rs m | -8,537 | -7,107 | 120.1% | |
| From Financial Activity | Rs m | -8,710 | -26,591 | 32.8% | |
| Net Cashflow | Rs m | -55 | 764 | -7.1% | |
Share Holding
| Indian Promoters | % | 47.2 | 36.9 | 127.8% | |
| Foreign collaborators | % | 0.0 | 0.4 | - | |
| Indian inst/Mut Fund | % | 36.4 | 41.7 | 87.3% | |
| FIIs | % | 16.6 | 14.5 | 115.0% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 52.8 | 62.6 | 84.3% | |
| Shareholders | 143,063 | 429,251 | 33.3% | ||
| Pledged promoter(s) holding | % | 0.0 | 1.2 | - |
Compare CEAT With: TVS SRICHAKRA GOODYEAR (I) JK TYRE & IND MRF BALKRISHNA INDUSTRIES
More on Ceat vs Apollo Tyres
No comparison is complete without understanding how the stock prices have performed over a period of time.
Here's a brief comparison:
Ceat vs Apollo Tyres Share Price Performance
| Period | Ceat | Apollo Tyres |
|---|---|---|
| 1-Day | 2.48% | 3.09% |
| 1-Month | -4.13% | -4.39% |
| 1-Year | 34.79% | 14.37% |
| 3-Year CAGR | 33.64% | 30.83% |
| 5-Year CAGR | 24.25% | 23.74% |
* Compound Annual Growth Rate
Here are more details on the Ceat share price and the Apollo Tyres share price.
Moving on to shareholding structures...
The promoters of Ceat hold a 47.2% stake in the company. In case of Apollo Tyres the stake stands at 37.4%.
To review how promoter stakes have changed over time, and how much of the promoter stake is pledged, please see the shareholding pattern of Ceat and the shareholding pattern of Apollo Tyres.
Finally, a word on dividends...
In the most recent financial year, Ceat paid a dividend of Rs 30.0 per share. This amounted to a Dividend Payout ratio of 19.1%.
Apollo Tyres paid Rs 6.0, and its dividend payout ratio stood at 22.1%.
You may visit here to review the dividend history of Ceat, and the dividend history of Apollo Tyres.
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