Yearly Growth Toh Mast Hai!
Asal mein, CEAT ka net profit pichle saal ki isi quarter se 29.8% badh kar ₹177.2 crore ho gaya hai. Aur net sales bhi 22.8% zyaada, lagbhag ₹4,200.6 crore tak pahunch gayi. EBITDA toh 36.4% upar chadh kar ₹529.3 crore ho gaya hai. Iska matlab company overall market trends aur apne operations se achha fayda utha rahi hai. Company ka market cap lagbhag ₹15,000 crore hai, aur stock ne pichle ek saal mein 25.59% ka return bhi diya hai.
Par Quarter-on-Quarter Thoda Pressure!
Lekin jab picchle quarter se compare karte hain, toh picture thodi alag hai. Net profit 17.1% aur EBITDA 6% niche aa gaya. Sales mein sirf 1% ka marginal growth dikh raha hai quarter-on-quarter. Ye thoda margin pressure dikha raha hai, shayad operating costs badh gayi ho ya pichle quarter mein results bahut acche rahe honge.
Indian Tyre Market Ka Future Aur CEAT Ka Plan
Waise, Indian tyre industry future mein kaafi growth karne wali hai. 2034 tak market $27.67 billion ka ho jayega, matlab CAGR 7.49% ke hisaab se badhega. Iska reason hai government ka infrastructure par kharcha (budget mein ₹12.2 lakh crore ka public capex) aur electric vehicles (EVs) ka badhta market. CEAT bhi EV two-wheeler tyres par focus kar raha hai aur Ather Energy jaisi companies ke saath tie-up bhi kiya hai. Company export revenue bhi double karke ₹4,000 crore tak le jaane ka target rakhti hai FY26 tak.
Competition Aur Valuation Ka Scene
Market mein competition bhi bahut hai. CEAT ke saamne MRF Ltd., Apollo Tyres aur JK Tyre jaisi badi companies hain. CEAT ka P/E ratio peers ke aas-paas hi hai, lagbhag 25-28x range mein. JK Tyre thoda kam 18.4x par trade ho raha hai.
Analysts Kya Keh Rahe Hain?
Analysts ka outlook positive hai. Zyadatar log CEAT ko 'BUY' karne ki salah de rahe hain. Unka average 12-month price target 14% se 17% tak ka upside dikha raha hai. Ye optimism Indian auto sector ki growth, government spending aur EVs ke trend ke karan hai. Lekin ye sab potential achieve karne ke liye CEAT ko margin pressure aur competition ko manage karna hoga.
