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- CEAT - MRF
CEAT vs MRF - Comparison Results
CEAT Change
Incorporated in 1958, Ceat Limited is part of the RPG group. It is amongst the largest manufacturers of tyres and tubes in India. The company manufactures tyres for twowheelers, three-wheelers, four-wheelers, tractors, tippers and trucks. It operates... More
MRF 
MRF is one of India's largest tyre manufacturer, having over 24% market share. The company derives over 95% of its revenues from tyres, the rest comes from presence in toys and paints. This focus on tyres has enabled it to regularly increase capaciti... More
Current Valuations
| CEAT | MRF | CEAT/ MRF |
|||
|---|---|---|---|---|---|
| P/E (TTM) | x | 20.2 | 29.5 | 68.5% | View Chart |
| P/BV | x | 2.1 | 3.2 | 65.1% | View Chart |
| Dividend Yield | % | 0.8 | 0.1 | 738.9% |
Financials
 CEAT  MRF |
| EQUITY SHARE DATA | |||||
|---|---|---|---|---|---|
| CEAT Mar-20 |
MRF Mar-20 |
CEAT/ MRF |
5-Yr Chart Click to enlarge
|
||
| High | Rs | 1,152 | 73,500 | 1.6% | |
| Low | Rs | 602 | 50,000 | 1.2% | |
| Sales per share (Unadj.) | Rs | 1,675.9 | 38,300.4 | 4.4% | |
| Earnings per share (Unadj.) | Rs | 56.9 | 3,355.1 | 1.7% | |
| Cash flow per share (Unadj.) | Rs | 125.2 | 5,671.9 | 2.2% | |
| Dividends per share (Unadj.) | Rs | 12.00 | 100.00 | 12.0% | |
| Dividend yield (eoy) | % | 1.4 | 0.2 | 845.2% | |
| Book value per share (Unadj.) | Rs | 718.9 | 28,808.3 | 2.5% | |
| Shares outstanding (eoy) | m | 40.45 | 4.24 | 954.0% | |
| Bonus/Rights/Conversions | - | - | - | ||
| Price / Sales ratio | x | 0.5 | 1.6 | 32.4% | |
| Avg P/E ratio | x | 15.4 | 18.4 | 83.8% | |
| P/CF ratio (eoy) | x | 7.0 | 10.9 | 64.3% | |
| Price / Book Value ratio | x | 1.2 | 2.1 | 56.9% | |
| Dividend payout | % | 21.1 | 3.0 | 707.9% | |
| Avg Mkt Cap | Rs m | 35,465 | 261,820 | 13.5% | |
| No. of employees | `000 | 6.5 | 17.4 | 37.3% | |
| Total wages/salary | Rs m | 5,418 | 13,449 | 40.3% | |
| Avg. sales/employee | Rs Th | 10,470.9 | 9,346.4 | 112.0% | |
| Avg. wages/employee | Rs Th | 836.8 | 774.1 | 108.1% | |
| Avg. net profit/employee | Rs Th | 355.4 | 818.7 | 43.4% | |
| INCOME DATA | |||||
|---|---|---|---|---|---|
| Net Sales | Rs m | 67,788 | 162,394 | 41.7% | |
| Other income | Rs m | 205 | 3,354 | 6.1% | |
| Total revenues | Rs m | 67,993 | 165,747 | 41.0% | |
| Gross profit | Rs m | 7,238 | 23,740 | 30.5% | |
| Depreciation | Rs m | 2,765 | 9,823 | 28.1% | |
| Interest | Rs m | 1,509 | 2,928 | 51.5% | |
| Profit before tax | Rs m | 3,169 | 14,343 | 22.1% | |
| Minority Interest | Rs m | 172 | 0 | - | |
| Prior Period Items | Rs m | 0 | 0 | - | |
| Extraordinary Inc (Exp) | Rs m | -298 | 0 | - | |
| Tax | Rs m | 742 | 117 | 635.5% | |
| Profit after tax | Rs m | 2,301 | 14,226 | 16.2% | |
| Gross profit margin | % | 10.7 | 14.6 | 73.0% | |
| Effective tax rate | % | 23.4 | 0.8 | 2,876.2% | |
| Net profit margin | % | 3.4 | 8.8 | 38.7% | |
| BALANCE SHEET DATA | |||||
|---|---|---|---|---|---|
| Current assets | Rs m | 18,293 | 81,510 | 22.4% | |
| Current liabilities | Rs m | 23,014 | 52,522 | 43.8% | |
| Net working cap to sales | % | -7.0 | 17.9 | -39.0% | |
| Current ratio | x | 0.8 | 1.6 | 51.2% | |
| Inventory Days | Days | 50 | 65 | 76.3% | |
| Debtors Days | Days | 36 | 52 | 70.3% | |
| Net fixed assets | Rs m | 54,077 | 106,107 | 51.0% | |
| Share capital | Rs m | 405 | 42 | 954.0% | |
| "Free" reserves | Rs m | 28,675 | 122,105 | 23.5% | |
| Net worth | Rs m | 29,079 | 122,147 | 23.8% | |
| Long term debt | Rs m | 16,408 | 7,790 | 210.6% | |
| Total assets | Rs m | 73,529 | 194,423 | 37.8% | |
| Interest coverage | x | 3.1 | 5.9 | 52.6% | |
| Debt to equity ratio | x | 0.6 | 0.1 | 884.7% | |
| Sales to assets ratio | x | 0.9 | 0.8 | 110.4% | |
| Return on assets | % | 5.2 | 8.8 | 58.7% | |
| Return on equity | % | 7.9 | 11.6 | 67.9% | |
| Return on capital | % | 10.0 | 13.3 | 75.3% | |
| Exports to sales | % | 0 | 8.5 | 0.0% | |
| Imports to sales | % | 0 | 26.1 | 0.0% | |
| Exports (fob) | Rs m | NA | 13,845 | 0.0% | |
| Imports (cif) | Rs m | NA | 42,328 | 0.0% | |
| Fx inflow | Rs m | 8,724 | 14,000 | 62.3% | |
| Fx outflow | Rs m | 17,975 | 43,385 | 41.4% | |
| Net fx | Rs m | -9,251 | -29,385 | 31.5% | |
| CASH FLOW | |||||
|---|---|---|---|---|---|
| From Operations | Rs m | 9,563 | 22,726 | 42.1% | |
| From Investments | Rs m | -10,755 | -1,637 | 657.0% | |
| From Financial Activity | Rs m | 790 | -10,324 | -7.7% | |
| Net Cashflow | Rs m | -402 | 10,766 | -3.7% | |
Share Holding
| Indian Promoters | % | 52.2 | 26.8 | 194.8% | |
| Foreign collaborators | % | 5.0 | 0.5 | 1,000.0% | |
| Indian inst/Mut Fund | % | 6.3 | 9.4 | 67.2% | |
| FIIs | % | 11.8 | 8.8 | 134.1% | |
| ADR/GDR | % | 0.0 | 0.0 | - | |
| Free float | % | 24.9 | 54.7 | 45.6% | |
| Shareholders | 54,444 | 28,974 | 187.9% | ||
| Pledged promoter(s) holding | % | 0.0 | 0.6 | - |
Compare CEAT With: BALKRISHNA INDUSTRIES GOODYEAR (I) JK TYRE & IND APOLLO TYRES
Today's Market
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The market scaled new life-time highs this week but it was the bears who took control. The benchmark indices, Sensex and Nifty ended mostly flat for the week but the momentum was in favour of the bears.
Related Views on News
CEAT Announces Quarterly Results (3QFY21); Net Profit Up 152.1% (Quarterly Result Update)
Jan 20, 2021 | Updated on Jan 20, 2021For the quarter ended December 2020, CEAT has posted a net profit of Rs 1 bn (up 152.1% YoY). Sales on the other hand came in at Rs 22 bn (up 26.1% YoY). Read on for a complete analysis of CEAT's quarterly results.
MRF. 2019-20 Annual Report Analysis (Annual Result Update)
Dec 8, 2020 | Updated on Dec 8, 2020Here's an analysis of the annual report of MRF. for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of MRF.. Also includes updates on the valuation of MRF..
CEAT. 2019-20 Annual Report Analysis (Annual Result Update)
Oct 26, 2020 | Updated on Oct 26, 2020Here's an analysis of the annual report of CEAT. for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of CEAT.. Also includes updates on the valuation of CEAT..
MRF LTD. Announces Quarterly Results (1QFY21); Net Profit Down 93.7% (Quarterly Result Update)
Sep 10, 2020 | Updated on Sep 10, 2020For the quarter ended June 2020, MRF LTD. has posted a net profit of Rs 170 m (down 93.7% YoY). Sales on the other hand came in at Rs 24 bn (down 44.9% YoY). Read on for a complete analysis of MRF LTD.'s quarterly results.
CEAT LTD. Announces Quarterly Results (1QFY21); Net Profit Down 150.3% (Quarterly Result Update)
Aug 25, 2020 | Updated on Aug 25, 2020For the quarter ended June 2020, CEAT LTD. has posted a net profit of Rs 387 m (down 150.3% YoY). Sales on the other hand came in at Rs 11 bn (down 36.1% YoY). Read on for a complete analysis of CEAT LTD.'s quarterly results.
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