Ceat Ltd (CEAT IN) - As Reported

In Millions of INR except Per Share FY 2016 FY 2017 FY 2018 FY 2019

12 Months Ending 03/31/201603/31/201703/31/201803/31/2019
Income Statement
Revenues
Revenues — — — —
Excise Taxes 6,623.7 6,747.9 1,689.1 0.0
Revenues From Ordinary Activities — — — —
Sundry/Other Operating Income — — — —
Gross Sales 61,459.2 64,413.0 64,523.3 69,845.1
Operating Expenses
Salaries Wages and Employee Benefits 3,882.5 4,063.1 4,382.7 5,300.6
Depreciation and Amortization 1,077.2 1,430.8 1,686.1 1,927.1
Other Operating Expenses 12,312.4 13,036.5 14,203.8 16,301.0
Other Operating Income 276.8 — — —
Change In Merchandise Inventories -113.9 -754.9 867.4 -1,994.7
Cost Of Materials — — — —
Raw Materials And Consumables Used 29,537.8 33,088.8 36,521.4 43,054.9
Purchases Of Merchandise 1,484.6 1,663.8 711.2 757.9
Interest Income — — — —
Interest Expense - Borrowings 847.9 772.4 881.1 784.2
Interest Expense - Other 73.9 8.3 53.7 53.1
Total Financial Costs 948.9 817.2 973.5 880.4
Other Financial Losses 27.0 36.5 38.7 43.1
Non-Operating Expenses
Other Non-Operating Income — -186.3 -294.6 -390.0
Income Tax Expense (Benefit) — — — —
Income Before Income Taxes 5,868.8 4,372.8 — —
Equity In Earnings of Joint Ventures — — — —
Current Income Tax Expense (Benefit) 1,530.9 1,166.0 1,063.9 940.0
Deferred Income Tax Expense (Benefit) 342.5 582.4 276.4 311.2
Total Exceptional (Income)/Charges 114.0 133.3 339.6 447.9
Total Financial Costs 948.9 817.2 973.5 880.4
Non-Operating Exceptionals — — — —
Current Taxation - Adjustment — -684.2 — —
Business And Capital Taxes — — — —
AT (Income) Loss Affiliates and Others -361.8 -283.7 -230.1 -202.0
Earnings
Minority/Non Controlling Interest -18.2 -19.2 -46.9 -11.4
Dividends Per Share 11.50 11.50 11.50 12.00
Basic EPS 108.17 89.28 58.83 62.35
Diluted EPS 108.17 89.28 58.83 62.35
Profit After Taxation Before Minority 3,995.4 3,308.6 3,673.2 3,762.0
Net Income 4,375.4 3,611.5 2,379.8 2,522.2
Others
Comprehensive Income
Foreign Currency Translation Adjustments — — -41.2 -52.2
Other Comprehensive Income 25.9 -11.1 168.8 -487.4
Total Comprehensive Income 4,383.1 3,581.2 2,433.2 2,142.7
Tax Related To Other Comprehensive Income — — -74.8 160.1
Comprehensive Income Attrib to Minority Int — — -47.5 -11.4
Total Comprehensive Inc Including Minority Int — — 2,385.7 2,131.3
Extraordinary Items
Other Extraordinary Items - Net of Tax — — — —
Reference Items
ARDR COVID-19 Related Charges - Operating — — — —
R & D Expenditures 532.8 1,331.7 — —
Sales/Marketing/Advertising Expenses 1,144.5 1,266.2 1,550.8 1,793.7
Salaries Wages and Employee Benefits 3,882.5 4,063.1 4,382.7 5,300.6
Depreciation Expense 1,009.3 1,328.6 1,545.1 1,755.7
Provision For Doubtful Accounts 44.2 67.0 -112.6 6.8
Depreciation and Amortization 1,077.2 1,430.8 1,686.1 1,927.1
Other Operating Expenses 8,401.3 8,952.4 8,875.2 10,256.1
Interest Expense — — — —
Foreign Exchange — 4.6 6.9 35.7
(Gain)/Loss On Sale of Assets 97.4 55.5 92.9 48.1
Other Non-Operating Income — — — —
Income Tax Expense (Benefit) — — 1,340.3 1,251.2
Other Revenue 308.4 398.6 646.5 667.3
Other Operating Income — — — —
Other Tax — — — —
Dividends Per Share — — — —
Basic EPS 108.17 89.28 58.83 62.35
Weighted Avg. Shares - Basic — — — —
Diluted EPS 108.17 89.28 58.83 62.35
Weighted Avg. Shares - Diluted — — — —
(Over/Underfunded) Post Retirement Benefit — — — —
Disc Rate Used On Liabs-Other/Healthcare % — — — —
Basic & Diluted EPS — — — —
Weighted Avg. Shares - Basic & Diluted 40.5 40.5 40.5 40.5
Fair Value of Post Retirement Plan Assets 637.7 852.0 976.5 933.9
Projected Post Retirement Benefit Oblig 891.7 979.0 940.7 1,035.1
Foreign Exchange Losses (Gains) 54.4 — — —
Interest Expense - Borrowings 847.9 772.4 881.1 784.2
Interest Expense - Other 73.9 8.3 53.7 53.1
Amortization of Intangible Assets 67.9 102.2 141.0 171.4
Purchased Power Costs 1,560.1 1,780.1 — —
Royalty Revenue 55.3 43.1 41.9 44.1
Excise Taxes 6,623.7 6,747.9 64,523.3 —
Product Revenue 54,471.8 57,223.4 62,145.8 69,133.7
Pension/Postretirement Benefits Expense 221.1 236.2 255.9 269.1
(Gain)/Loss On Sale of Investments -15.9 -28.3 — —
Current Income Tax Expense (Benefit) — — 1,063.9 940.0
Deferred Income Tax Expense (Benefit) — 582.4 276.4 311.2
Corporate Expenses — — — —
Communication Expenses 85.2 94.9 98.2 80.1
Employer Contribution (Postretirement) 210.0 23.5 110.3 1.5
Benefits Paid (Postretirement) -61.0 -76.7 -62.4 -107.8
Auditors Remuneration For Audit 4.2 4.5 9.6 9.5
Change In Merchandise Inventories -113.9 -754.9 867.4 -1,994.7
Raw Materials And Consumables Used 29,537.8 33,088.8 36,521.4 43,054.9
Other Operating Inc - Int Inc (Non-Oper) -73.9 -54.7 -108.5 -294.2
Other Operating Inc - Div Inc (Non-Oper) -108.9 -2.3 -0.2 0.0
Final Dividend Per Share — — — —
Gain On Foreign Exchange -11.2 -8.6 — —
Total Financial Costs 948.9 817.2 973.5 880.4
Other Auditors Fees (Tax & Consulting) — — — —
Wages And Salaries 3,272.9 3,343.5 3,582.4 4,416.8
Loss/Gain Disposal LT Invest/Subsid/Assoc — — — —
Directors Remuneration 4.5 6.8 47.0 49.1
Bad Debts Written Off 0.9 5.9 154.7 13.6
Total Fees Paid To Audit Firms 10.5 8.7 10.9 11.2
Purchases Of Merchandise 1,484.6 1,663.8 — —
Net Foreign Exchange Loss (Gain) -Realized — — — —
Rental Expense 68.9 25.0 94.5 107.7
Other Financial Losses 27.0 36.5 38.7 43.1
Proposed Final Dividend — — — —
Retirement Pension And Other Benefits 388.4 483.4 544.4 614.7
Travel Expenses 305.8 338.8 375.5 401.0
Auditor Expense - Audit — — — —
Auditor Expense - Non Audit 6.3 4.2 1.3 1.7
Insurance Claims And Expenses 41.8 34.9 46.9 51.1
Other Miscellaneous Non-Operating Income -82.7 -120.7 -185.9 -95.8
Other Operating Income - SAGA — — — —
Gross Sales — — — 69,845.1
Corporate Dividend Tax — — — —
Expenditure Incurred On R&D: Capital 20.1 769.4 354.0 328.1
Expenditure Incurred On R&D: Recurring 512.8 562.2 654.0 659.9
Foreign Exchange Earnings — — — —
Provision For Doubtful Debts And Advances — — — —
Cost Of Stores And Spares — — 475.2 578.6
EBITDA - IS 8,008.8 6,754.1 6,672.4 7,017.4
Service Cost (OPRB) 49.1 53.3 62.7 66.7
Interest Cost (OPRB) 63.8 68.8 67.1 70.6
Expected Return On Plan Assets (OPRB) -50.2 -66.0 -58.6 -73.0
Actual Return (Loss) On Plan Assets (OPRB) 15.1 -4.1 9.3 -9.3
Actuarial Losses or Gains - OPEB — — — —
Interest Income — — — —
Source: Bloomberg
 FY 2020 FY 2021
03/31/2020 03/31/2021

— —
0.0 0.0
— 76,096.0
— —
67,788.3 —

5,417.7 6,754.5
2,765.1 3,396.3
15,981.4 16,849.0
— —
62.9 643.5
— —
38,729.6 41,737.6
358.3 281.7
— -28.3
1,308.2 1,499.2
150.5 193.1
1,509.3 1,755.1
50.6 62.8

-205.1 -138.1
742.3 515.9
— 4,838.9
— -363.1
793.2 418.4
-50.9 97.5
298.4 340.6
1,509.3 1,755.1
— —
— —
— —
-172.2 0.0

-11.9 2.6
12.00 —
57.17 106.81
57.17 106.81
2,300.6 4,323.0
2,312.5 4,320.4

12.2 -136.5
351.3 -141.1
2,565.8 4,084.7
-110.2 41.9
-11.9 2.6
2,553.9 4,087.3

— —

159.4 201.1
— 1,049.0
1,747.9 1,711.3
5,417.7 6,754.5
2,123.7 2,606.1
-4.5 -232.4
2,765.1 3,396.3
9,874.4 9,715.2
— —
25.6 14.3
0.0 65.0
-161.9 -138.1
— —
1,061.2 466.6
— —
— 130.2
— —
57.17 106.81
— —
57.17 106.81
— —
— -70.0
— 6.80
— —
40.5 40.5
930.1 1,162.4
1,183.9 1,232.4
— —
1,308.2 1,499.2
150.5 193.1
248.6 308.0
— —
43.8 50.2
 — —
66,683.3 75,268.2
309.4 345.4
-0.4 0.0
— —
— —
— 78.6
130.3 200.3
1.0 250.1
-85.1 -103.7
— 9.1
62.9 643.5
38,729.6 41,737.6
— —
— —
— 18.00
— —
1,509.3 1,755.1
— 2.6
4,529.4 5,627.5
— —
4.9 49.3
27.2 242.7
— —
— —
— —
123.5 95.7
50.6 62.8
— —
578.9 781.6
413.1 154.7
11.9 12.1
— —
117.1 139.8
— —
— -311.0
67,788.3 —
— —
518.6 —
712.1 —
— —
— —
616.7 776.9
7,410.6 10,192.8
73.6 88.3
 77.8 79.8
-70.3 -62.7
10.0 —
— 23.2
— -28.3
Ceat Ltd (CEAT IN) - As Reported
In Millions of INR except Per Share FY 2016 FY 2017 FY 2018 FY 2019
12 Months Ending 03/31/201603/31/201703/31/201803/31/2019
Balance Sheet
Stockholder Equity
Minority/Non Controlling Int (Stckhldrs Eqty) 322.4 291.5 233.7 237.9
Common Stock — 404.5 404.5 404.5
Other Equity 20,547.4 23,745.0 25,656.4 27,256.6
Total Shareholders Equity 20,869.8 24,441.0 26,294.6 27,899.0
Total Reserve — — — —
Total Share Capital — — — —
Total Shareholders Equity Excluding Minority 20,547.4 24,149.5 26,060.9 27,661.1
Deposits On Subscription Of Preferred Stocks — — — —
Hedging Reserve — — — —
Total Liabilities and Shareholders Equity 41,079.5 49,169.4 51,464.4 64,049.3
Non Current Liabilities
Total Noncurrent Liabilities 7,895.2 10,649.9 6,780.6 14,854.3
Long Term Debt 5,879.1 8,524.3 4,511.6 12,226.4
Deferred Income Taxes (Liabilities) — — — —
Deferred/Unearned Revenue (Long-Term) 113.2 146.5 — —
Other Noncurrent Liabilities — — — —
Deferred Tax Liabilities (Long-Term) 1,582.0 1,449.2 1,892.9 2,197.8
Provisions For Liabilities And Charges & Other 267.1 363.3 343.8 384.0
Other Financial Liabilities (Long-Term) 53.8 166.6 32.3 46.1
Noncurrent Assets
Long Term Investments 1,552.8 1,673.3 1,734.6 1,814.0
Property Plant & Equipment - Net 19,733.0 23,832.9 26,290.6 31,025.0
Total Intangible Assets - Net 596.1 762.2 807.9 1,083.5
Other Intangible Assets — — — —
Investment In Affiliates/Joint Ventures — — 0.0 0.2
Goodwill — — — —
Other Noncurrent Assets 1,214.4 1,229.9 1,340.1 2,037.7
Deferred Tax Assets (Long-Term) — — 0.0 6.0
Long-Term Loans And Other Debtors 28.4 0.8 31.4 40.8
Long-Term Loans — — — —
Total Non-Current Assets 26,147.4 30,749.7 33,318.3 44,042.6
Construction In Progress-Net 2,982.4 3,192.8 3,093.5 8,015.9
Other Financial Assets (Long-Term) 40.3 57.8 20.2 19.5
Total Assets 41,079.5 49,169.4 51,464.4 64,049.3
Current Assets
Cash and Equivalents 630.3 359.2 862.5 735.4
Accounts Receivable - Trade 5,935.1 6,138.0 7,472.3 7,063.8
Inventories 6,397.1 9,434.8 7,846.1 10,056.0
Assets Held For Sale — — 0.0 51.9
Other Current Assets 1,450.6 1,695.2 1,465.4 1,769.9
Short-Term Investments 402.1 642.7 400.6 0.0
Short-Term Loans 28.0 12.7 3.6 7.5
Other Financial Assets - Short Term 88.8 137.1 95.6 322.2
Investment in Mutual Funds - Short Term — — — —
Total Current Assets 14,932.1 18,419.7 18,146.1 20,006.7
Current Liabilities
Accounts Payable - Trade 6,353.2 7,582.1 8,705.1 10,528.7
Short-Term Borrowings 335.4 579.9 1,955.7 2,242.5
Deferred/Unearned Revenue (Short-Term) 993.1 8.2 — —
Other Current Liabilities 8.2 1,069.2 972.0 900.1
Income Taxes Accrued/Payable 368.3 226.2 309.8 473.2
Short-Term Provisions 470.3 538.2 503.8 1,005.3
Other Financial Liabilities (Short-Term) 3,786.0 4,074.7 5,942.8 6,146.2
Total Current Liabilities 12,314.5 14,078.5 18,389.2 21,296.0
Reference Items
Accounts Receivable - Trade 5,935.1 6,138.0 7,472.3 7,063.8
Inventories — 9,434.8 7,846.1 10,056.0
Prepaid Expenses (ST) — — — —
Prepaid Expenses and Other — — — —
Restricted Cash (ST) 21.6 19.4 22.5 44.3
Assets Held For Sale — — — —
Other Current Assets 1,450.6 1,695.2 1,465.4 1,769.9
Long Term Investments — 1,673.3 1,734.6 1,814.0
Land — — — —
Buildings 2,979.2 3,238.8 3,735.2 4,778.8
Construction In Progress — 3,192.8 3,093.5 8,015.9
Furniture/Machinery/Equipment 95.5 116.0 138.4 158.2
Property Plant & Equipment - Gross — 29,347.4 33,120.2 44,442.8
Accumulated Depreciation 1,005.0 2,321.7 3,736.1 5,401.9
Property Plant & Equipment - Net 19,733.0 23,832.9 26,290.6 31,025.0
Deferred Income Tax Asset (LT) — — — —
Total Intangible Assets - Net 596.1 762.2 807.9 1,083.5
Other Intangible Assets 596.1 762.2 807.9 1,083.5
Investment In Affiliates/Joint Ventures — — — —
Goodwill — — — —
Patents/Trademarks/Copyrights — — — —
Other Noncurrent Assets 1,214.4 1,229.9 1,340.1 2,037.7
Accounts Payable - Trade 6,353.2 7,582.1 8,705.1 10,528.7
Current Portion of Long-Term Debt — — — —
Short-Term Borrowings — 579.9 1,955.7 2,242.5
Deferred/Unearned Revenue (ST) — 8.2 — —
Interest Accrued/Payable — — — —
Dividends Accrued/Payable — — — —
Other Current Liabilities 8.2 1,069.2 972.0 900.1
Long Term Debt 5,879.1 8,524.3 4,511.6 12,226.4
Deferred Income Taxes (Liabilities) — — — —
Deferred/Unearned Revenue (LT) — 146.5 — —
Other Noncurrent Liabilities — — — —
Min/Non Cntrlling Int(Stckhldrs Eqty) 322.4 291.5 233.7 237.9
Common Stock — 404.5 404.5 404.5
Additional Paid In Capital 5,670.3 5,670.3 5,670.3 5,670.3
Retained Earnings (Accumulated Deficit) 12,098.5 — — —
Other Equity 404.5 18,074.7 19,986.1 21,586.3
Shares Outstanding 40.5 40.5 40.5 40.5
Par Value 10.00 10.00 10.00 10.00
Raw Materials 1,585.3 3,782.6 2,805.3 3,464.4
Work In Progress 248.4 314.9 309.5 334.2
Finished Goods 3,284.4 4,077.9 3,241.6 5,187.8
Income Taxes Accrued/Payable 368.3 226.2 309.8 473.2
Shares Issued — — — —
Other Gross Fixed Assets — — — —
Other Inventory 379.6 385.9 273.9 316.7
Expected Ret Plan Assets-Other/Healthcare — — — —
Rental Expense - Year 1 9.9 13.9 7.0 8.1
Rental Expense - Beyond Year 5 0.0 0.0 0.0 0.0
Deferred Tax Liabilities (LT) — 1,449.2 1,892.9 2,197.8
Disc Rate Used On Liabs-Other/Healthcare % — — — —
Allowance For Doubtful Accounts 179.7 332.6 214.6 208.0
Capitalized Software - Net — — — —
Total Shareholders Equity 20,869.8 24,441.0 26,294.6 27,899.0
Fair Value of Post Retirement Plan Assets 637.7 852.0 976.5 933.9
Projected Post Retirement Benefit Oblig 891.7 979.0 940.7 1,035.1
Unsecured Debt — — — —
Cash and Due From Banks — — — —
Short-Term Investments — 642.7 400.6 0.0
Customer Deposits/Advances (ST) — — 180.4 135.9
Prepaid Expenses (LT) — — — —
Customer Deposits/Advances (Long-Term) — — — —
Total Liabilities and Shareholders Equity 41,079.5 — — —
Impairments/Adjustments — — — —
Other Payables — — — —
Number of Employees at Period End Date 5,337.00 5,580.00 5,617.00 5,815.00
Employer Contribution (Postretirement) 210.0 23.5 110.3 1.5
Benefits Paid (Postretirement) -61.0 -76.7 -62.4 -107.8
Cumulative Translation Adjustment 11.0 — — —
% Of Foreign Shareholders 33.84 27.83 26.15 28.80
Long-Term Loans And Other Debtors — — — —
Accumulated Amortization Intangible Assets 68.1 170.1 294.3 465.8
Authorized Capital — — — —
Bank Loans - Noncurrent — — — —
Capital Redemption Reserve 39.0 — — —
Capital Reserve 140.5 — — —
Total Contingent Payable 3,026.9 3,132.7 2,588.4 2,526.6
Intangible Assets - Gross — 862.5 1,096.1 1,236.1
Long-Term Loans — — — —
Short-Term Loans 28.0 12.7 3.6 7.0
Other Long-Term Loans/Borrowings — — — —
Other Provisions For Liabilities & Charges — — — —
Other Reserve 166.7 — — —
Other Short-Term Loans/Borrowings — — — —
Trade Receivables-Gross 6,114.8 6,249.6 7,686.9 7,271.8
Total Number Of Shareholders 56,244.00 60,177.00 64,194.00 80,846.00
Provisions For Liabilities/Charges/Other 267.1 363.3 343.8 384.0
Revaluation Surplus — — — —
Provisions For Guarantees And Warranties 15.1 77.7 88.6 95.9
Shares Authorized — — — —
Fixed Deposits 0.0 45.0 — —
Other Financial Assets - Short Term 88.8 137.1 95.6 322.2
Prepayment/Advance — — — —
Authorized Common Capital (Amount) — — — —
Bonds Payable — — — —
Plant And Equipment - Gross 12,387.5 17,657.1 20,168.4 25,486.5
Capital Commit Contracted Not Provided For 3,717.8 1,286.2 9,632.8 13,164.8
Cash on Hand 0.6 0.8 0.7 0.7
Construction In Progress - Net 2,982.4 3,192.8 3,093.5 8,015.9
Spares And Consumables 321.2 326.9 320.5 352.5
Employee Entitlements - Noncurrent — — — —
General Reserves 2,016.5 — — —
Goods In Transit 578.3 546.6 895.3 400.4
Provision - Obsolete/Slow Moving Inventory — — — —
Operating Leases Expiring Within 2 & 5 Yrs 16.7 20.1 13.3 16.9
Other Financial Assets (Long-Term) — 57.8 20.2 19.5
Preferred Stock Par Value — — — —
Preferred Stock Authorized Shares — — — —
Short-Term Provisions 470.3 538.2 503.8 1,005.3
Total Reserve 20,142.9 — — —
Subscribed Capital — — — —
Other Tax Payable — — — —
Authorized Preferred Stocks (Amount) — — — —
Total Share Capital — — — —
Plant Machinery And Equipment - Gross — — — —
Due To Banks (ST) — — — —
Other Provisions - Current — — — —
Construction In Progress - Accum Deprec — — — —
Secured Interest Bearing Liabilities — — — —
Pension/Postretirement Provisions ST 55.0 130.1 31.8 54.7
Pension/Postretirement Provisions LT 252.0 285.6 255.2 288.1
Common Stock & Subscribed Stock — — — —
Other Financial Liabilities (ST) 3,786.0 4,074.7 5,942.8 6,146.2
Freehold Land - Gross 4,181.5 4,181.5 4,854.6 4,845.5
Leasehold Land - Gross 1,036.5 908.8 1,063.8 1,082.4
Tech Know-How/Intellectual Property Right — — — —
Hedging Reserve 0.4 — — —
Other Financial Liabilities (Long-Term) — 166.6 32.3 46.1
Cash Equivalents 608.2 294.0 839.3 690.4
Tools Furniture And Fixtures — — — —
Motor Vehicles - Gross 57.9 52.4 66.3 75.5
Short Term Loan (Secured) — — — —
Short Term Loan (Unsecured) — — — —
Long Term Loan (Secured) — — — —
Long Term Loan (Unsecured) — — — —
Investment in Mutual Funds - Short Term — — — —
Service Cost (OPRB) 49.1 53.3 62.7 66.7
Interest Cost (OPRB) 63.8 68.8 67.1 70.6
Expected Return On Plan Assets (OPRB) -50.2 -66.0 -58.6 -73.0
Actual Return (Loss) On Plan Assets (OPRB) 15.1 -4.1 9.3 -9.3
Actuarial Losses or Gains - OPEB — — — —
Source: Bloomberg Right click to show data transparency (not supported for all value
 FY 2020 FY 2021
03/31/202003/31/2021

236.5 232.4
404.5 404.5
28,674.7 —
29,315.7 33,395.3
— 32,758.4
— —
29,079.2 33,162.9
— —
— —
73,529.3 81,315.8

21,199.9 17,458.9
16,407.8 13,410.4
— —
— —
— —
2,743.9 2,800.0
403.5 452.9
1,007.2 126.6

1,794.1 2,100.9
39,577.6 45,570.5
1,179.9 —
— 1,235.5
42.4 —
— —
1,014.6 564.8
6.8 571.9
— 97.6
47.3 —
55,236.6 58,912.3
10,507.3 7,678.6
48.1 14.2
73,529.3 81,315.8

342.1 431.2
6,743.5 9,215.6
9,256.9 11,299.1
 47.5 9.3
1,643.0 1,031.8
— —
9.5 3.7
250.2 412.8
— —
18,292.7 22,403.5

11,947.6 19,477.7
2,364.5 210.0
— —
650.6 1,098.0
198.0 496.3
1,231.9 1,088.5
6,198.5 7,610.4
23,013.7 30,461.6

6,743.5 9,215.6
— 11,299.1
— —
115.7 136.0
54.8 51.0
— 9.3
1,135.8 586.4
1,794.1 2,100.9
— —
6,302.4 7,215.9
10,507.3 7,678.6
211.5 186.3
57,567.3 63,323.9
7,482.4 10,074.8
39,577.6 45,570.5
— —
1,179.9 985.5
1,180.0 393.2
42.4 —
— —
— 321.7
172.8 0.0
11,947.6 19,477.7
— —
2,364.5 210.0
— —
— —
— —
 650.6 1,098.0
16,407.8 13,410.4
— —
— —
— —
— 232.4
404.5 404.5
5,670.3 5,670.3
— 24,676.4
23,004.4 —
40.5 40.5
10.00 10.00
2,909.0 5,849.9
338.8 668.0
4,987.1 4,323.9
— 496.3
— 40.5
— —
346.4 197.9
— —
— —
— —
— 2,800.0
— 6.80
223.1 160.8
— 520.6
29,274.0 33,395.3
930.1 1,162.4
1,183.9 1,232.4
— —
— —
— —
— —
— —
— —
— —
— —
— —
6,474.00 7,529.00
1.0 250.1
-85.1 -103.7
— -213.1
— 27.69
— 97.6
714.5 1,022.6
 — 751.5
— —
— 39.0
— 140.5
2,001.5 3,149.9
1,716.3 2,008.1
47.3 —
9.5 3.7
— —
— —
— -71.3
— —
6,966.6 9,376.4
— 81,773.00
— 452.9
— —
89.1 80.4
— 75.2
— 68.3
250.2 412.8
391.5 309.4
— —
— —
34,524.6 41,966.5
7,399.9 6,592.3
— 0.6
— 7,678.6
325.8 259.4
— —
— 2,516.6
369.8 —
20.0 —
— —
48.1 14.2
— —
— 3.9
1,231.9 1,088.5
— —
— —
— —
— —
— 404.5
— —
— —
— —
 — 0.0
— —
— —
314.4 372.5
— —
6,198.5 7,610.4
4,852.4 4,852.4
1,090.3 1,098.2
— —
— —
1,007.2 126.6
287.3 311.3
— 249.0
78.8 77.0
— 210.0
— 0.0
— 13,249.1
— 161.3
— —
73.6 88.3
77.8 79.8
-70.3 -62.7
10.0 —
— 23.2
arency (not supported for all values)
Liquidity Ratio 03/31/2018 03/31/2019 03/31/2020 03/31/2021
Current Ratio 0.98678028 0.93945811 0.79486132 0.73546695
Quick Ratio 0.56011137 0.46725676 0.392627 0.36453765
Current Ratio=Current Assets/Curr
Quick Ratio=(Current Assets-Invent

Liquidity Ratio 03/31/2018 03/31/2019 03/31/2020 03/31/2021

Current Ratio 0.98678028
Quick Ratio 2.37195202
 atio=Current Assets/Current Liability
tio=(Current Assets-Inventory)/Current Liability
Ceat Ltd (CEAT IN) - As Reported
In Millions of INR except Per Share FY 2012 FY 2013 FY 2014
12 Months Ending 03/31/201203/31/201303/31/2014
Cash Flow
Cash From Operating Activities
Depreciation ARD_DEPR 728.0 806.2 865.4
Depreciation And Amortization - CF ARD_DEPR — — —
Provision For Doubtful Accounts - CF ARD_PROV 27.1 35.5 40.2
Bad Debt Expense ARD_BAD 45.4 3.6 —
Provision For Inventory Obsolescence ARD_PRO — — —
Other Non-Cash Items ARD_OTH — 322.8 55.5
Change in Inventories ARD_CHAN — 438.6 -1,947.9
Change in Accounts Payable ARD_CHA — 1,377.1 -899.9
Change in Accounts Receivable ARD_CHG_ — -301.6 -978.5
Change in Other Current Assets ARD_CHA -1,741.3 125.2 -143.4
Change in Other Current Liabilities ARD_CHG_ 133.9 315.7 233.6
Cash Paid For Taxes ARD_CASH -66.7 -382.1 -890.7
Pension/Postretirement Benefits ARD_PENS — — —
Change in Other Assets ARD_CHAN — — —
Change In Other Liabilites ARD_CHG_ — — —
Total Cash Flows From Operations ARD_TOT 834.0 5,860.2 1,968.3
Write-Offs ARD_WRIT -1.1 0.0 -58.0
Gain (Loss) On Sale of Investments and Mkt Sec ARD_GL_O — 0.0 -2.7
Foreign Exchange Gains/Losses ARD_FORE -24.7 33.8 2.0
Total Cashflow From Ops Before Working Capital ARD_TOT 2,508.2 4,287.1 6,595.1
Gain (Loss) From The Sale Of Fixed Assets ARD_GAIN 5.4 4.3 5.8
Interest Expense ARD_INTE 1,560.1 1,501.2 —
Interest Income - CF ARD_INTE -59.6 -70.6 -60.5
Dividends Income ARD_DIV_ -13.6 -15.9 -5.5
Profit Before Taxation And Minority Interest ARD_PROF 242.7 1,665.0 4,032.3
Write-Offs/Revaluation/Impair Of Fixed Assets ARD_WRIT -1.8 1.3 —
Tax Paid ARD_TAX_ — — —
Net Cash From Operating Activities ARD_NET 900.8 6,242.2 2,858.9
Provision For Doubtful Debt Written Back ARD_PRO 0.0 0.0 —
Finance Costs ARD_FINA — — 1,720.4
Loss/(Profit) On Sale Property Plant & Equip ARD_GL_S — — —
Foreign Exchange Translation Loss/(Gain) ARD_FOR_ — — —
As Reported Data Change in Other Financial Assets ARD_CHG_ — — —
Cash From Investing Activities
Disposal of Fixed Assets ARD_DISP 4.0 1.0 32.9
Capital Expenditures ARD_CAPI -1,444.3 -847.7 -1,478.4
Purchases of Long-Term Investments ARD_PURC — — —
Proceeds From Short-Term Investments ARD_PROC — — 2.7
Purchases of Short-Term Investments ARD_PURC — — —
Proceeds From Investments ARD_PRO 425.4 4,912.1 —
Purchases of Investments ARD_PUR -304.9 -4,609.0 0.0
Other Investing Activities ARD_OTHE 124.5 -58.1 -405.0
Proceeds From Sale of Property ARD_PRO — — —
Proceeds From Sale Of Assocs/Joint Ventures ARD_PRO — — —
Purchase Of Associates/Joint Ventures ARD_PURC — — —
Increase/Decrease In Advance To A Subsidiary ARD_INCR — — —
Increase/Decrease In Pledged Bank Deposits ARD_INCR — — —
Proceeds From Sale Of Subs (Net Of Cash Sold) ARD_PRO — — 367.4
Interest Received From Investing Activities ARD_INT_ 56.8 56.6 57.9
Dividend Received From Investing Activities ARD_DIV_ 13.6 15.9 5.5
Total Cash Flows From Investing ARD_TOT -1,125.0 -529.2 -1,417.1
Cash from Financing Activities
Dividends Paid ARD_DIVI — -34.6 -143.8
Increase In Short-Term Borrowings ARD_INCR — 8,407.5 12,574.8
Decrease In St Borrowings ARD_DEC — -9,587.6 -10,837.1
Increase (Decrease) Short-Term Borrowings -Net ARD_INC — — —
Increase In Long-Term Borrowings ARD_INCR — — 1,883.3
Decrease In Long-Term Borrowings ARD_DEC — -1,589.0 -2,294.2
Increase (Decrease) Long-Term Borrowings - Net ARD_INC 1,717.2 — —
Issuance of Common Stock ARD_ISS — — 109.2
Other Financing Activities ARD_OTHE 35.1 -323.5 59.9
Net Change In Cash ARD_NET_ -130.0 672.3 156.0
Cash and Cash Equivalents (End of Period) ARD_CASH 354.3 983.5 1,136.5
Repurchase of Preferred Stock ARD_REP — — -0.8
Cash and Cash Equivalents (Beg of Period) ARD_CASH 484.3 311.3 980.5
Dividend Tax Paid ARD_DIVI — -5.6 -23.4
Dividend Paid Including Dividend Tax ARD_DVD_ -79.1 — —
Interest Paid From Financing Activities ARD_INT_ -1,512.2 -1,525.9 -1,723.0
Total Cash Flows From Financing ARD_TOT 161.0 -4,658.7 -395.2
Reference Items
Source: Bloomberg Right click to show data transparency (not supported
 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021
03/31/201503/31/201603/31/201703/31/201803/31/201903/31/202003/31/2021

934.3 1,077.2 1,430.8 1,686.1 1,927.1 2,765.1 —

— — — — — — 3,396.3
47.7 44.2 67.0 37.1 19.7 17.4 10.3
— 0.9 5.9 5.0 0.7 5.3 0.0
19.6 — — — — — 74.3
— — — 12.0 45.8 162.0 —
714.7 137.2 -3,037.7 1,577.0 -2,220.5 656.4 -2,075.8
-229.6 497.7 1,080.6 1,120.4 1,887.3 1,429.5 7,598.1
486.7 747.0 -272.8 -1,342.4 381.1 347.6 -2,509.6
272.7 7.0 30.2 235.2 -317.3 126.9 396.1
469.6 240.1 268.4 -166.5 603.1 138.1 —
-1,122.8 -1,686.4 -1,017.3 -978.7 — — —
— 28.1 -41.6 — — — —
— -658.0 -308.7 274.6 5.0 -30.6 23.4
— -150.9 66.6 40.0 -104.0 -85.6 1,239.1
7,486.9 7,020.5 3,346.7 6,723.9 5,614.0 9,563.3 13,576.6
-52.1 -7.7 -59.1 -24.8 -2.3 -75.5 0.0
— -15.9 -28.3 -106.5 -8.3 -0.4 0.0
59.4 2.8 -7.7 -4.2 10.6 4.3 0.8
6,895.5 7,886.7 6,537.5 5,964.3 6,187.6 7,162.0 9,573.1
7.1 97.4 55.5 92.9 48.1 -42.8 —
— — — — — — —
-80.3 -73.9 -54.7 -108.5 -294.2 -64.6 -49.4
-74.4 -108.9 -2.3 -0.2 — — —
4,715.7 5,868.8 4,372.8 3,443.1 3,560.0 2,870.7 4,475.8
— — — — — — —
— — — — -808.3 -181.0 -512.2
8,609.7 8,706.9 4,363.9 7,702.6 6,422.3 9,744.3 14,088.8
— — — — — — —
1,318.6 948.9 817.2 973.5 880.4 1,520.5 1,755.1
— — — — — — 65.0
— 24.9 -18.1 -41.2 — — -155.1
— — — — — — -50.3

29.1 243.9 53.1 — — — —

-3,027.9 -7,381.3 -5,877.1 -4,838.5 -11,073.2 -11,183.4 -6,394.8
0.0 -598.7 -120.5 -61.3 -0.2 -42.2 0.0
— 2,738.1 — 348.6 408.9 0.4 0.0
 — — -212.3 — — — —
— — — — — — —
— — — — -30.0 -29.9 —
305.4 124.8 461.0 78.4 -19.2 -8.2 -2.2
— — — — 0.0 84.6 47.7
— 361.8 283.7 230.1 — — —
— — — — — — -72.8
— — — — — — 0.7
— 1.4 -81.4 9.9 1.7 4.6 0.0
— — — — — — —
86.2 74.9 56.9 115.1 34.1 315.5 58.3
74.4 108.9 2.3 0.2 73.2 103.6 182.5
-2,532.9 -4,326.1 -5,434.3 -4,117.5 -10,604.7 -10,755.0 -6,180.6

-357.3 -859.1 -6.6 -472.7 -443.4 -960.3 -3.8

-3,290.5 1,417.0 0.0 2,901.3 — — —
246.1 -3,124.3 0.0 -1,852.2 -1,048.4 0.0 -2,154.5
— -1,100.7 468.5 326.7 1,331.5 122.0 —
694.5 5,049.0 3,630.9 2,810.4 10,540.4 4,688.8 2,616.4
-1,644.3 -3,594.9 -1,136.7 -4,710.4 -4,563.9 -500.5 -5,576.6
— — — — — — —
4,000.0 — — — — — —
-65.6 — — — 0.0 -456.2 —
3,013.7 -569.2 103.5 581.7 -146.3 -401.5 86.9
4,150.2 136.6 240.1 821.8 675.5 274.0 360.9
— — — — — — —
1,136.5 705.8 136.6 240.1 821.8 675.5 274.0
-46.9 -120.2 0.0 -55.3 -82.9 -178.7 0.0
— — — — — — —
-1,476.3 -930.4 -764.9 -972.5 -888.9 -1,924.9 -1,627.9
-1,940.2 -3,263.6 2,191.2 -2,024.7 4,844.4 790.2 -7,309.1

ata transparency (not supported for all values)