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Ceat Ltd. Investor Presentation 2026
61454_rns_2026-05-25_24e4ab22-55cf-43a1-a302-9c74e0059aec.pdf
Investor Presentation
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CEAT
CEAT LIMITED
RPG House
463, Dr. Annie Besant Road,
Worli, Mumbai - 400030, India
📞 91 22 24930621
✉️ [email protected]
✉️ www.ceat.com
CIN: L25100MH1958PLC011041
May 25, 2026
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai 400 001
Security Code: 500878
National Stock Exchange of India Limited
Exchange Plaza,
Bandra Kurla Complex, Bandra (East),
Mumbai 400 051
Symbol: CEATLTD
NCD Symbol: CL26, CL30
Dear Sir/Madam,
RE: Investor Conference
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and other applicable provisions and in continuation to our letter dated May 21, 2026, please find enclosed herewith the Investors' presentation for the said conference.
It is requested to take the same on record.
Thanking you,
Yours faithfully,
For CEAT Limited
GAURAV Digitally signed
by GAURAV TONGIA
TONGIA
Date: 2026.05.25
20:17:03 +05'30'
(Gaurav Tongia)
Company Secretary
Encl: A/a
An RPG Company
CEAT Limited
RPG Annual Investor Conference 2026 • May 26, 2026
RPG | CEAT
Disclaimer
This presentation may include statements which may constitute forward-looking statements. All statements that address expectations or projections about the future, including, but not limited to, statements about the strategy for growth, business development, market position, expenditures, and financial results, are forward looking statements. Forward looking statements are based on certain assumptions and expectations of future events. The Company cannot guarantee that these assumptions and expectations are accurate or will be realized. The actual results, performance or achievements, could thus differ materially from those projected in any such forward-looking statements.
The information contained in these materials has not been independently verified. None of the Company, its Directors, Promoter or affiliates, nor any of its or their respective employees, advisers or representatives or any other person accepts any responsibility or liability whatsoever, whether arising in tort, contract or otherwise, for any errors, omissions or inaccuracies in such information or opinions or for any loss, cost or damage suffered or incurred howsoever arising, directly or indirectly, from any use of this document or its contents or otherwise in connection with this document, and makes no representation or warranty, express or implied, for the contents of this document including its accuracy, fairness, completeness or verification or for any other statement made or purported to be made by any of them, or on behalf of them, and nothing in this document or at this presentation shall be relied upon as a promise or representation in this respect, whether as to the past or the future. The information and opinions contained in this presentation are current, and if not stated otherwise, as of the date of this presentation. The Company undertake no obligation to update or revise any information or the opinions expressed in this presentation as a result of new information, future events or otherwise. Any opinions or information expressed in this presentation are subject to change without notice.
This presentation does not constitute or form part of any offer or invitation or inducement to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of CEAT Limited (the "Company"), nor shall it or any part of it or the fact of its distribution form the basis of, or be relied on in connection with, any contract or commitment, therefore. Any person/ party intending to provide finance / invest in the shares/businesses of the Company shall do so after seeking their own professional advice and after carrying out their own due diligence procedure to ensure that they are making an informed decision. This presentation is strictly confidential and may not be copied or disseminated, in whole or in part, and in any manner or for any purpose. No person is authorized to give any information or to make any representation not contained in or inconsistent with this presentation and if given or made, such information or representation must not be relied upon as having been authorized by any person. Failure to comply with this restriction may constitute a violation of the applicable securities laws. The distribution of this document in certain jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about and observe any such restrictions. By participating in this presentation or by accepting any copy of the slides presented, you agree to be bound by the foregoing limitations.
RPG | CEAT
Awarded EcoVadis Gold Award, placing us in Top 5% Companies Globally
2 in Premium PCUV during Q4FY26 (from #5 in Q1FY25)
Auto Etid
ADAC
Ranked among Top 10 Global brands across two platforms
Strong Growth, Continued Momentum
Rs. 15,678 Cr
FY26 Revenue
15.6%
5-yr Revenue CAGR
13.2%
FY26 EBITDA
1.46x
Debt / EBITDA
0.60x
Debt / Equity
350%
Credit Rating
Dividend
(outlook +ve)
CEAT Vision – 2031
#1 in 2W & 4W Tyre Segments in India Aftermarket
International Business – 33% Saliency
Commercial Radials – 15% Share in India Aftermarket
Premium Brand – Aspirational Indian Brand Across All Touchpoints
Industry Leading Profitability...
Focus on Enhancing Profitability
Note: Costs are measured as % of Net Sales; ¹ on account of use of renewable sources; ² Basis Standalone Financials
Accelerating To Continue Fastest Growth
FY22 – FY26 Standalone Revenue Growth¹
| CEAT | Peer #1 | Peer #2 | |
|---|---|---|---|
| 1.6x | CΞAT | 13.1% | |
| 1.6x | #1 | 12.7% | |
| 1.4x | #2 | 7.8% |
Grow The Fastest FY26 – FY31…
Note: ¹ Data from FY22 to FY26, rebased to 1
Charting a Course for Sustained Future Growth
CEAT
FY20
FY21
FY22
FY23
FY24
FY25
FY26
1
3
4
Depicting Replacement market share as per industry reports and internal estimates
CAMSO & CEAT OHT – A Billion Dollar Opportunity
THE CAMSO OPPORTUNITY
$1.0 Bn
Revenue Potential
OUR VISION: CAMSO + CEAT
CAMSO is a $1.0 Bn Global brand – $150 Mn Compact Construction Acquired In Dec'24 – Full Portfolio Unlocks By 2028
STEP 1 – ACQUIRED IN DEC'24, INTEGRATED IN SEP'25
| $150 Mn | CAMSO Compact Construction Tracks & Tyres | COMPLETED |
|---|---|---|
STEP 2 – FULL PORTFOLIO UNLOCKS POST BRAND MIGRATION IN SEP'28
| ~$500 Mn
CEAT Ag & OTR Tyres
EXISTING + GROWTH | ~$100 Mn
CAMSO Ag Tracks | ~$100 Mn
CAMSO MHE & Solids | ~$150 Mn
CAMSO Radial
Portfolio & Growth |
| --- | --- | --- | --- |
CAMSO Integration Timeline
| Dec 2024 | Sep 2025 | Oct 2026 | Apr 2027 | Sep 2028 |
|---|---|---|---|---|
| Deal Signing | Production Takeover | Sales Takeover | Complete Value Chain Control | Transfer of Brand |
| • Definitive agreement with Michelin to acquire CAMSO Construction Tyres and Tracks business | • Manufacturing facilities along with ~1,600 workforce | |||
| • Supply & offtake agreements in effect | • Complete customer transition | |||
| • Setup of warehouses in North America, EU, and India | • Mixer and calendar to be delivered and industrialized | |||
| • 100% manufacturing control | • Complete transfer of the CAMSO brand |
CEAT is Future Ready
International
Electrification
Premiumization
Digital
Electrification
C=AT - Supplier to All Major EV OEMs in India
Share of Business
31%
0.728,0.909,0.867
Premiumization
PCUV 17"+
2 in India (Q4 FY26)
CAGR 50%
FY21 FY22 FY23 FY24 FY25 FY26
TBR
NEORAD & ROCKRAD Range
Superior Performing Products
Premium Motorcycle
CAGR 14%
FY21 FY22 FY23 FY24 FY25 FY26
Superior Experiences, Uncommon Products, Pride of Association...
12
Enabling Technology, Growing Digitally
i-Shoppe: AI OCR
Customer Data Acquisition
Customer Profiling & Target Marketing
'Chanakya': Agentic AI
Chatbot for Procurement
5-7% Cost Savings
Agentic AI on Website
Customer-facing AI Assistant
In Beta Stage
Intelligent Mixing Control
AI-driven manufacturing
20% Faster Cycle Time
Gen AI for Fleet Sales
B2B Sales Enablement
Customized Pitch for Fleet Operations
'Ruby': GenAI Chatbot
For R&D Teams
30% Faster R&D Knowledge Access
NPD Innovations Spread Across Categories
Superior Returns, Accelerated Growth
Our Approach
Bite Size Capex
Market Capitalization ¹
CAGR
| 3.2x | C±AT | 24.0% |
|---|---|---|
| 2.3x | #2 | 16.6% |
| 1.7x | #1 | 10.5% |
1 Data from 01 Jan 2021 to 30 Apr 2026, rebased to 1 and in INR terms
34
135
CENT
