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Balance sheet of CEAT is strong.
But short term working capital might become an issue for this company.
Yes, The debt of CEAT is increasing.
Latest debt of CEAT is ₹1,840 Crs as of Sep-24.
This is greater than Mar-24 when it was ₹1,534 Crs.
The profit is oscillating.
The profit of CEAT is ₹531 Crs for TTM, ₹643 Crs for Mar 2024 and ₹186 Crs for Mar 2023.
The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
CEAT latest dividend payout ratio is 18.88% and 3yr average dividend payout ratio is 20.67%
Companies resources are majorly tied in miscellaneous assets