Moneycontrol PRO
Live Now |Traders Carnival 15th Edition - 3 days 12 sessions Virtual Event brought to you by Moneycontrol Pro

Buy CEAT; target of Rs 1550: Hem Securities

Hem Securities is bullish on CEAT has recommended buy rating on the stock with a target price of Rs 1550 in its research report dated August 30, 2021.

September 03, 2021 / 11:23 AM IST
  • bselive
  • nselive
Todays L/H

Hem Securities report on CEAT

Ceat Ltd Q1FY22 consolidated revenues came in at ₹1,906.4 Cr, up 70% YoY and down -17% QoQ. EBITDA for Q1FY22 stood at ₹173.2 Cr, up 64% YoY and down -36% QoQ. EBITDA margins for Q1FY22 came at 9.1% as compared to 11.7% in Q4FY21 and 9.4% in Q1FY21. PAT for Q1FY22 stood at ₹23.1 Cr, down -85% QoQ and PAT for Q1FY21 was ₹-35.2 Cr.


We initiate a “BUY” rating on the stock and value the stock at 12x FY23E earnings to arrive at the target of ₹1550.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Sep 3, 2021 11:23 am

stay updated

Get Daily News on your Browser
ISO 27001 - BSI Assurance Mark