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	2.35	2.73	4.3
P/E	14.77	14.15	20.19
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 Tyres 74.0 Flaps 0 Government 0 Tyres 0 Radial Tyre 0 Tubes 0 scrap 0 Royalty income 0 Others 26.0	Product Wise Break-Up Bias Tyre 0 Flaps 0.04 Government 0 Tyres 95.31 Radial Tyre 0 Tubes 4.65 scrap 0 Royalty income 0
Location Wise Break-Up	Location Wise Break-Up India 81.0 Rest of the World 19.0 Mexico 0	Location Wise Break-Up Mexico 16.24 India 83.76 Rest of the World 0	Location Wise Break-Up Mexico 0 India 99.15 Rest of the World 0.85
OEM vs Aftermarket	OEM vs Aftermarket After market 53.0 OEM 28.0 Export 0 OEM 0 Others 19.0	OEM vs Aftermarket Export 16.0 OEM 23.0 After market 0 Others 61.0	-
Customer Segment	Customer Segment Truck and Bus 31.0 2 & 3 Wheelers 27.0 4 Wheeler 20.0 Off Highway 15.0 Light Commercial Vehicles 7.0 Speciality 0 Farm 0 Passenger Line Radial 0 Truck and Bus 0	Customer Segment Off Highway 0 Light Commercial Vehicles 0 Farm 0 Truck and Bus 54.0 4 Wheeler 0 2 & 3 Wheelers 0 Passenger Line Radial 29.0 Speciality 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	-