Ceat Ltd.

Financial

	CEAT	JK Tyres & Inds.	Goodyear India
Operational Metrics
Unclassified
R&D as a % of Total Sales	1.44 %	0.8 %	0.0
Financials
5 yr Average ROE	7.54 %	8.25 %	14.47 %
5yr average Equity Multiplier	2.58	4.35	2.35
5yr Average Asset Turnover Ratio	1.03	0.94	1.21
5yr Avg Net Profit Margin	3.02 %	2.1 %	5.29 %
Price to Book	2.73	2.84	4.33
P/E	15.31	14.73	20.31
5yr Avg Cash Conversion Cycle	-30.2 Days	37.42 Days	-7.98 Days
Inventory Days	47.02 Days	62.88 Days	32.63 Days
Days Receivable	39.7 Days	53.12 Days	35.67 Days
Days Payable	109.78 Days	91.05 Days	89.81 Days
5yr Average Interest Coverage Ratio	3.05	1.66	43.41
5yr Avg ROCE	9.71 %	12.3 %	12.16 %
5yr Avg Operating Profit Margin	10.09 %	11.28 %	9.87 %
5 yr average Debt to Equity	0.58	1.97	0.0
5yr CAGR Net Profit	-5.89 %	8.28 %	3.78 %
5yr Average Return on Assets	3.02 %	1.94 %	6.2 %
Shareholdings
Promoter Holding	47.21 %	53.13 %	74.0 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	0.39 %	-3.1 %	0.0
Change in Mutual Fund Holding (3 Yrs)	2.5 %	3.75 %	0.24 %

Business

	CEAT	JK Tyres & Inds.	Goodyear India
Product Wise Break-Up	Product Wise Break-Up Tyres 91.87 Tubes 6.58 Government 0.92 scrap 0.54 Royalty income 0.04 Radial Tyre 0 Bias Tyre 0 Flaps 0 Tubes 0 Tyres 0 Others 0.05	Product Wise Break-Up scrap 0 Royalty income 0 Government 0 Radial Tyre 0 Tubes 0 Tyres 0 Tyres 74.0 Flaps 0 Others 26.0	Product Wise Break-Up scrap 0 Royalty income 0 Government 0 Radial Tyre 0 Tubes 4.65 Tyres 95.31 Bias Tyre 0 Flaps 0.04
Location Wise Break-Up	Location Wise Break-Up India 82.0 Rest of the World 18.0 Mexico 0	Location Wise Break-Up Rest of the World 0 India 83.76 Mexico 16.24	Location Wise Break-Up Rest of the World 0.85 India 99.15 Mexico 0
OEM vs Aftermarket	OEM vs Aftermarket After market 54.0 OEM 28.0 Export 0 OEM 0 Others 18.0	OEM vs Aftermarket Export 16.0 After market 0 OEM 23.0 Others 61.0	-
Customer Segment	Customer Segment Truck and Bus 31.0 2 & 3 Wheelers 28.0 4 Wheeler 20.0 Off Highway 14.0 Light Commercial Vehicles 7.0 Speciality 0 Farm 0 Passenger Line Radial 0 Truck and Bus 0	Customer Segment Farm 0 Off Highway 0 Speciality 0 Passenger Line Radial 29.0 Truck and Bus 54.0 4 Wheeler 0 2 & 3 Wheelers 0 Light Commercial Vehicles 0 Others 17.0	-
Raw Material Break-Up	Raw Material Break-Up Rubber 47.4 Carbon Black 17.56 Fabric 11.12 Chemicals 7.81 Others 16.11	-	-
Asset Break-Up	Asset Break-Up India 97.47 Others 2.53	Asset Break-Up India 87.03 Others 12.97	-