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CEAT vs APOLLO TYRES - Comparison Results

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Current Valuations

    CEAT APOLLO TYRES CEAT/
APOLLO TYRES
 
P/E (TTM) x 16.8 16.5 101.8% View Chart
P/BV x 3.2 2.3 137.3% View Chart
Dividend Yield % 0.4 1.0 46.3%  

Financials

 CEAT   APOLLO TYRES
EQUITY SHARE DATA
    CEAT
Mar-23
APOLLO TYRES
Mar-23
CEAT/
APOLLO TYRES
5-Yr Chart
Click to enlarge
High Rs1,981343 577.7%   
Low Rs890167 532.5%   
Sales per share (Unadj.) Rs2,797.3386.8 723.1%  
Earnings per share (Unadj.) Rs45.117.4 259.2%  
Cash flow per share (Unadj.) Rs161.139.7 405.4%  
Dividends per share (Unadj.) Rs12.004.50 266.7%  
Avg Dividend yield %0.81.8 47.4%  
Book value per share (Unadj.) Rs850.3202.8 419.4%  
Shares outstanding (eoy) m40.45635.10 6.4%   
Bonus / Rights / Conversions 00-  
Price / Sales ratio x0.50.7 77.8%   
Avg P/E ratio x31.814.7 217.1%  
P/CF ratio (eoy) x8.96.4 138.8%  
Price / Book Value ratio x1.71.3 134.2%  
Dividend payout %26.625.9 102.9%   
Avg Mkt Cap Rs m58,075161,998 35.8%   
No. of employees `000NANA-   
Total wages/salary Rs m7,35226,199 28.1%   
Avg. sales/employee Rs Th00-  
Avg. wages/employee Rs Th00-  
Avg. net profit/employee Rs Th00-  
INCOME DATA
Net Sales Rs m113,149245,681 46.1%  
Other income Rs m189411 45.9%   
Total revenues Rs m113,337246,092 46.1%   
Gross profit Rs m9,46733,559 28.2%  
Depreciation Rs m4,69314,191 33.1%   
Interest Rs m2,4215,506 44.0%   
Profit before tax Rs m2,54114,272 17.8%   
Minority Interest Rs m00-   
Prior Period Items Rs m00-   
Extraordinary Inc (Exp) Rs m00-   
Tax Rs m7183,226 22.2%   
Profit after tax Rs m1,82411,046 16.5%  
Gross profit margin %8.413.7 61.3%  
Effective tax rate %28.222.6 124.9%   
Net profit margin %1.64.5 35.9%  
BALANCE SHEET DATA
Current assets Rs m26,88888,587 30.4%   
Current liabilities Rs m41,45580,104 51.8%   
Net working cap to sales %-12.93.5 -372.9%  
Current ratio x0.61.1 58.6%  
Inventory Days Days814 57.7%  
Debtors Days Days42237 1,140.4%  
Net fixed assets Rs m69,379184,286 37.6%   
Share capital Rs m405635 63.7%   
"Free" reserves Rs m33,992128,143 26.5%   
Net worth Rs m34,396128,778 26.7%   
Long term debt Rs m14,40637,898 38.0%   
Total assets Rs m96,277272,873 35.3%  
Interest coverage x2.03.6 57.1%   
Debt to equity ratio x0.40.3 142.3%  
Sales to assets ratio x1.20.9 130.5%   
Return on assets %4.46.1 72.7%  
Return on equity %5.38.6 61.8%  
Return on capital %10.211.9 85.7%  
Exports to sales %010.1 0.0%   
Imports to sales %16.61.7 961.2%   
Exports (fob) Rs mNA24,818 0.0%   
Imports (cif) Rs m18,8044,248 442.7%   
Fx inflow Rs m20,62925,941 79.5%   
Fx outflow Rs m18,8044,248 442.7%   
Net fx Rs m1,82521,693 8.4%   
CASH FLOW
From Operations Rs m12,05521,344 56.5%  
From Investments Rs m-8,491-4,761 178.3%  
From Financial Activity Rs m-3,195-16,918 18.9%  
Net Cashflow Rs m369-352 -104.7%  

Share Holding

Indian Promoters % 47.2 36.9 127.9%  
Foreign collaborators % 0.0 0.4 -  
Indian inst/Mut Fund % 34.3 41.5 82.5%  
FIIs % 20.0 17.9 111.7%  
ADR/GDR % 0.0 0.0 -  
Free float % 52.8 62.7 84.2%  
Shareholders   116,509 336,846 34.6%  
Pledged promoter(s) holding % 0.0 1.1 -  
NM: Not Meaningful
Source: Company Annual Reports, Regulatory Filings, Equitymaster

Compare CEAT With:   JK TYRE & IND    TVS SRICHAKRA    GOODYEAR (I)    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 0.45% -0.24%
1-Month -4.78% -7.96%
1-Year 93.60% 51.96%
3-Year CAGR 20.07% 27.90%
5-Year CAGR 19.83% 16.47%

* 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 37.3%.

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 12.0 per share. This amounted to a Dividend Payout ratio of 26.6%.

Apollo Tyres paid Rs 4.5, and its dividend payout ratio stood at 25.9%.

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



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