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CEAT vs MRF - Comparison Results

Rs 100 invested in...

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Current Valuations

    CEAT MRF CEAT/
MRF
 
P/E (TTM) x 16.8 27.9 60.1% View Chart
P/BV x 3.1 3.8 81.9% View Chart
Dividend Yield % 0.4 0.1 341.3%  

Financials

 CEAT   MRF
EQUITY SHARE DATA
    CEAT
Mar-23
MRF
Mar-23
CEAT/
MRF
5-Yr Chart
Click to enlarge
High Rs1,98195,954 2.1%   
Low Rs89065,086 1.4%   
Sales per share (Unadj.) Rs2,797.354,265.3 5.2%  
Earnings per share (Unadj.) Rs45.11,813.6 2.5%  
Cash flow per share (Unadj.) Rs161.14,768.9 3.4%  
Dividends per share (Unadj.) Rs12.00175.00 6.9%  
Avg Dividend yield %0.80.2 384.6%  
Book value per share (Unadj.) Rs850.334,687.9 2.5%  
Shares outstanding (eoy) m40.454.24 954.0%   
Bonus / Rights / Conversions 00-  
Price / Sales ratio x0.51.5 34.6%   
Avg P/E ratio x31.844.4 71.7%  
P/CF ratio (eoy) x8.916.9 52.8%  
Price / Book Value ratio x1.72.3 72.7%  
Dividend payout %26.69.7 275.7%   
Avg Mkt Cap Rs m58,075341,493 17.0%   
No. of employees `000NANA-   
Total wages/salary Rs m7,35215,954 46.1%   
Avg. sales/employee Rs Th00-  
Avg. wages/employee Rs Th00-  
Avg. net profit/employee Rs Th00-  
INCOME DATA
Net Sales Rs m113,149230,085 49.2%  
Other income Rs m1892,527 7.5%   
Total revenues Rs m113,337232,612 48.7%   
Gross profit Rs m9,46723,966 39.5%  
Depreciation Rs m4,69312,531 37.5%   
Interest Rs m2,4213,264 74.2%   
Profit before tax Rs m2,54110,697 23.8%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m7183,008 23.9%   
Profit after tax Rs m1,8247,690 23.7%  
Gross profit margin %8.410.4 80.3%  
Effective tax rate %28.228.1 100.4%   
Net profit margin %1.63.3 48.2%  
BALANCE SHEET DATA
Current assets Rs m26,88892,437 29.1%   
Current liabilities Rs m41,45574,953 55.3%   
Net working cap to sales %-12.97.6 -169.4%  
Current ratio x0.61.2 52.6%  
Inventory Days Days862 12.7%  
Debtors Days Days4224 10,617.4%  
Net fixed assets Rs m69,379151,257 45.9%   
Share capital Rs m40542 954.0%   
"Free" reserves Rs m33,992147,034 23.1%   
Net worth Rs m34,396147,077 23.4%   
Long term debt Rs m14,4068,236 174.9%   
Total assets Rs m96,277243,694 39.5%  
Interest coverage x2.04.3 47.9%   
Debt to equity ratio x0.40.1 747.9%  
Sales to assets ratio x1.20.9 124.5%   
Return on assets %4.44.5 98.1%  
Return on equity %5.35.2 101.4%  
Return on capital %10.29.0 113.1%  
Exports to sales %07.2 0.0%   
Imports to sales %16.617.0 97.8%   
Exports (fob) Rs mNA16,470 0.0%   
Imports (cif) Rs m18,80439,090 48.1%   
Fx inflow Rs m20,62917,633 117.0%   
Fx outflow Rs m18,80451,683 36.4%   
Net fx Rs m1,825-34,050 -5.4%   
CASH FLOW
From Operations Rs m12,05527,555 43.7%  
From Investments Rs m-8,491-19,235 44.1%  
From Financial Activity Rs m-3,195-8,395 38.1%  
Net Cashflow Rs m369-59 -626.7%  

Share Holding

Indian Promoters % 47.2 27.2 173.7%  
Foreign collaborators % 0.0 0.6 -  
Indian inst/Mut Fund % 34.3 30.9 111.1%  
FIIs % 20.0 19.4 102.9%  
ADR/GDR % 0.0 0.0 -  
Free float % 52.8 72.3 73.1%  
Shareholders   116,509 37,584 310.0%  
Pledged promoter(s) holding % 0.0 0.1 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare CEAT With:   APOLLO TYRES    JK TYRE & IND    TVS SRICHAKRA    GOODYEAR (I)    BALKRISHNA INDUSTRIES    


More on Ceat vs MRF

No comparison is complete without understanding how the stock prices have performed over a period of time.

Here's a brief comparison:

Ceat vs MRF Share Price Performance

Period Ceat MRF
1-Day 0.13% 1.07%
1-Month -5.08% -8.63%
1-Year 92.98% 61.88%
3-Year CAGR 19.95% 17.00%
5-Year CAGR 19.75% 18.86%

* Compound Annual Growth Rate

Here are more details on the Ceat share price and the MRF share price.

Moving on to shareholding structures...

The promoters of Ceat hold a 47.2% stake in the company. In case of MRF the stake stands at 27.8%.

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 MRF.

Finally, a word on dividends...

In the most recent financial year, Ceat paid a dividend of Rs 12.0 per share. This amounted to a Dividend Payout ratio of 26.6%.

MRF paid Rs 175.0, and its dividend payout ratio stood at 9.7%.

You may visit here to review the dividend history of Ceat, and the dividend history of MRF.



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