CEAT Limited was listed on the BSE and NSE on February 1, 2008. In the last one year, its stock has given a massive return of more than 60% to its investors. Will CEAT continue to provide such great returns in the future as well? Let’s explore CEAT’s growth potential and the CEAT share price target 2025 to 2050 in this article.
CEAT Limited was founded in 1958. It is one of the biggest tire companies in India and the main company of the RPG Group. CEAT makes tires for a wide range of vehicles, such as two-wheelers, passenger cars, trucks, buses, and off-road vehicles. The business has six factories in India and it export to more than 110 countries around the world.
CEAT Business Model
Selling tires for cars: CEAT’s main source of income comes from making and selling tires for a wide range of vehicles, such as buses, trucks, motorcycles, cars, and farm equipment.
Partnerships with Original Equipment Manufacturers (OEMs): The company CEAT makes about 27% of its money by selling tires straight to car companies.
Export Markets: About 25% of CEAT’s income comes from exports. The company is constantly growing in international markets like the U.S., Europe, and Latin America so that it can be seen all over the world.
CEAT Fundamental Analysis
Stock Name
CEAT Ltd.
NSE Symbol
CEATLTD
Market Cap
₹ 15,498 Cr.
52W High
₹ 3963
52W Low
₹ 2274
Stock P/E
31.4
Book Value
₹ 1080
Dividend Yield
0.78 %
ROCE
15.0 %
ROE
11.7 %
Face Value
₹ 10.0
Industry PE
30.5
Price to book value
3.55
Debt to equity
0.49
PEG Ratio
2.15
Quick ratio
0.39
CEAT Shareholding Pattern
Shareholders
March 2023
March 2024
March 2025
Promoters
47.21%
47.21%
47.21%
FIIs
23.30%
20.16%
15.28%
DIIs
13.60%
15.91%
21.52%
Public
15.90%
16.73%
15.99%
Government
0.00%
0.00%
0.00%
No. of Shareholders
94,232
1,14,397
1,57,285
Key Factors Driving CEAT Future Growth
Lead in the EV Tire Market: Within two years, CEAT wants to be the market leader in tires for electric vehicles (EVs). At the moment, it has a 40% share of EV tires for two-wheelers and a 14–15% share of EV tires for passenger vehicles. The company wants to make more products that are made for electric vehicles, like EnergyDrive tires for cars, EnergyRide tires for motorcycles, and WinEnergyX3R tires for trucks.
Strategic Acquisition of the Camso Brand: For $225 million in December 2024, CEAT bought the Camso brand from Michelin. This purchase makes CEAT stronger in the off-highway tire market, which includes tires for heavy-duty vehicles like tractors and bulldozers.
Growth in the Truck and Bus Radial (TBR) Segment: Over the next two to three years, CEAT wants to raise its TBR tire market share from 7% to 13%. A TBR plant worth ₹670 crores will be built near Chennai. It will make 1,500 tires every day, with 35% going to exports, 40% to the replacement market, and 25% to original equipment manufacturers (OEMs).
Capital Expenditures for Capacity Expansion: For FY24, CEAT kept about ₹750 crore for capital expenditures, mostly to make its Ambernath plant in Maharashtra better at making agri-radial tires.
Goal for FY26 Double Export Revenue: By FY26, CEAT wants to double its export revenue to ₹4,000 crore. This goal is helped by more off-road tires being sold and entering new markets, such as the U.S. There are also plans to release car/SUV and TBR products by the end of FY24.
Focus on Premium and Niche Segments: CEAT wants to grow in premium segments like adventure biking and MotoGP versions. It also wants to get 4% more market share in the two-wheeler tire space. To help its growth, the company also wants to make itself more known in the south.
Pros of CEAT
Consistent Profit Growth: CEAT profits have grown at a CAGR of 80% over the last three years.
Low PE Ratio Compared to Peers: CEAT’s PE ratio is31.4, which is lower than the industry average of 30.5, making it relatively undervalued and potentially a good investment opportunity.
Low Debt Levels: CEAT debt-to-equity ratio is 0.49, which indicates that the company is less dependent on debt, which reduces its financial risk.
Increase in DIIs Holding: Domestic Institutional Investors (DIIs) have increased their holding to 21.52% in March 2025 from 20.54% in December 2024, which indicates growing confidence in the CEAT future potential by the DIIs.
Cons of CEAT
High Price to Book Value: CEAT is trading at a Price-to-Book Value (P/B) ratio of 3.55, which indicates that its stock is significantly overvalued compared to its book value.
Decrease in FIIs Holding: Foreign Institutional Investors (FIIs) have reduced their holding to 15.28% in March 2025 from 15.83% in December 2024, indicating a decline in FII’s confidence in the company’s future growth prospects.
CEAT Ltd Balance Sheet
Particulars
March 2025
March 2025
March 2025
Equity Capital
40
40
40
Reserves
3,399
4,002
4,328
Borrowings
2,295
1,792
2,136
Other Liabilities
3,891
4,160
4,707
Total Liabilities
9,627
9,994
11,212
Fixed Assets
6,096
6,271
7,015
CWIP
596
684
507
Investments
170
182
190
Other Assets
2,765
2,858
3,501
Total Assets
9,627
9,994
11,212
CEAT Share Price Target 2025
By the end of 2025, the CEAT share price is expected to be around ₹5200 in normal conditions. In a bear market, it might be ₹4800, and in a bull market, it may go up to ₹5950.
CEAT Share Price Target 2025
Rupees (₹)
1st Target
4800
2nd Target
5200
3rd Target
5950
CEAT Share Price Target 2026
In 2026, the CEAT share price is expected to be around ₹6000 in a normal situation. In a bear market, it might be ₹5750, and in a bull market, it may cross ₹7750.
CEAT Share Price Target 2026
Rupees (₹)
1st Target
5750
2nd Target
6000
3rd Target
7750
CEAT Share Price Target 2027
According to our analysis, the CEAT share price is expected to be around ₹7500 in 2027. In a bear market, it might be ₹6900, and in a bull market, it may cross ₹10,000.
CEAT Share Price Target 2027
Rupees (₹)
1st Target
6900
2nd Target
7500
3rd Target
10,000
CEAT Share Price Target 2028
According to our analysis, the CEAT share price may trade near ₹10,000 by 2028; bearish conditions could pull it down to ₹8300, while a strong bull run might lift it to ₹13,050.
CEAT Share Price Target 2028
Rupees (₹)
1st Target
8300
2nd Target
10,000
3rd Target
13,050
CEAT Share Price Target 2029
In a normal situation, the CEAT share price is projected to be approximately ₹12,000 in 2029. In a bear market, the value may be as low as ₹9950, while in a bull market, it may rise to ₹17,000.
CEAT Share Price Target 2029
Rupees (₹)
1st Target
9950
2nd Target
12,000
3rd Target
17,000
CEAT Share Price Target 2030
In a normal situation, the CEAT share price is projected to be approximately ₹15,000 in 2030. In a bear market, the value may be as low as ₹11,950, while in a bull market, it may rise to ₹22,100.
CEAT Share Price Target 2030
Rupees (₹)
1st Target
11,950
2nd Target
15,000
3rd Target
22,100
CEAT Share Price Target 2035
By 2035, the CEAT share price is projected to be around ₹35,000 under normal conditions. In adverse markets, the price could fall to ₹23,900, while favorable conditions might push it up to ₹66,300.
CEAT Share Price Target 2035
Rupees (₹)
1st Target
23,900
2nd Target
35,000
3rd Target
66,300
CEAT Share Price Target 2040
Under normal conditions, the CEAT share price might hit ₹1,00,000 by 2040. A bearish trend could lower it to ₹47,800, whereas a bullish surge could raise it to ₹1,98,900.
CEAT Share Price Target 2040
Rupees (₹)
1st Target
47,800
2nd Target
1,00000
3rd Target
1,98,900
CEAT Share Price Target 2050
In 2050, the CEAT share price is expected to be around ₹4,50,000 in a normal situation. In a bear market, it might be ₹1,91,200, and in a bull market, it may go up to ₹11,93,400.
CEAT Share Price Target 2050
Rupees (₹)
1st Target
1,91,200
2nd Target
4,50,000
3rd Target
11,93,400
Quick Summary of CEAT Share Price Target 2025 to 2050
Years
Target Price
CEAT Share Price Target 2025
₹4800 to ₹5950
CEAT Share Price Target 2026
₹5750 to ₹7750
CEAT Share Price Target 2027
₹6900 to ₹10,000
CEAT Share Price Target 2028
₹8300 to ₹13,050
CEAT Share Price Target 2029
₹9950 to ₹17,000
CEAT Share Price Target 2030
₹11,950 to ₹22,100
CEAT Share Price Target 2035
₹23,900 to ₹66,300
CEAT Share Price Target 2040
₹47,800 to ₹1,98,900
CEAT Share Price Target 2050
₹1,91,200 to ₹11,93,400
Disclaimer
This article is for educational purposes only. It is not a stock recommendation and should not be treated as such. Please ask your financial advisor before making any investment decision.
Yogesh Jalwania is a stock market trader and investor with 3+ years of experience. He share valuable insights on stock market trends, mutual funds and IPOs.
