Ceat Ltd.

Financial

	CEAT	JK Tyres & Inds.	Goodyear India
Operational Metrics
Unclassified
R&D as a % of Total Sales	1.47 %	1.25 %	0.0
Financials
5 yr Average ROE	9.47 %	10.96 %	15.27 %
5yr average Equity Multiplier	2.62	3.62	2.93
5yr Average Asset Turnover Ratio	1.1	1.02	1.28
5yr Avg Net Profit Margin	3.41 %	3.13 %	4.37 %
Price to Book	2.99	1.86	3.75
P/E	30.3	18.23	40.99
5yr Avg Cash Conversion Cycle	-36.53 Days	48.55 Days	-12.08 Days
Inventory Days	41.33 Days	60.77 Days	34.76 Days
Days Receivable	40.54 Days	69.38 Days	35.07 Days
Days Payable	118.78 Days	85.58 Days	90.4 Days
5yr Average Interest Coverage Ratio	2.94	2.4	36.21
5yr Avg ROCE	12.72 %	14.55 %	10.51 %
5yr Avg Operating Profit Margin	10.75 %	11.38 %	7.48 %
5 yr average Debt to Equity	0.5	1.39	0.0
5yr CAGR Net Profit	1.81 %	9.16 %	-16.56 %
5yr Average Return on Assets	3.73 %	3.16 %	5.31 %
Shareholdings
Promoter Holding	47.21 %	50.55 %	74.0 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.0	-5.71 %	0.0
Change in Mutual Fund Holding (3 Yrs)	9.94 %	5.51 %	1.2 %

Business

	CEAT	JK Tyres & Inds.	Goodyear India
Product Wise Break-Up	Product Wise Break-Up Tyres 92.2 Tubes 6.3 Government 0.81 scrap 0.55 Royalty income 0.05 Radial Tyre 0 Bias Tyre 0 Flaps 0 Tubes 0 Tyres 0 Others 0.09	Product Wise Break-Up Royalty income 0 scrap 0 Radial Tyre 0 Tubes 0 Flaps 0 Tyres 74.0 Government 0 Tyres 0 Others 26.0	Product Wise Break-Up Royalty income 0 scrap 0 Radial Tyre 0 Tubes 4.52 Flaps 0.03 Bias Tyre 0 Government 0 Tyres 95.45
Location Wise Break-Up	Location Wise Break-Up India 81.0 Rest of the World 19.0 Mexico 0	Location Wise Break-Up India 88.33 Rest of the World 0 Mexico 11.66 Others 0.01	Location Wise Break-Up India 98.7 Rest of the World 1.3 Mexico 0
OEM vs Aftermarket	OEM vs Aftermarket After market 53.0 OEM 28.0 Export 0 OEM 0 Others 19.0	OEM vs Aftermarket After market 0 OEM 29.0 Export 13.0 Others 58.0	-
Customer Segment	Customer Segment Truck and Bus 30.0 2 & 3 Wheelers 27.0 4 Wheeler 21.0 Off Highway 15.0 Light Commercial Vehicles 7.0 Speciality 0 Farm 0 Passenger Line Radial 0 Truck and Bus 0	Customer Segment Speciality 0 Light Commercial Vehicles 0 4 Wheeler 0 2 & 3 Wheelers 0 Farm 0 Passenger Line Radial 30.0 Truck and Bus 54.0 Off Highway 0 Others 16.0	-
Raw Material Break-Up	Raw Material Break-Up Rubber 47.41 Carbon Black 17.95 Fabric 10.32 Chemicals 7.79 Others 16.53	-	-
Asset Break-Up	Asset Break-Up India 98.27 Others 1.73	Asset Break-Up India 87.17 Others 12.83	-