Eastern Treads Ltd

Eastern Treads Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Eastern Treads Ltd

₹ 33.6 -1.12%
23 Jun - close price
easterntreads.com BSE: 531346
About

Incorporated in 1993, Eastern Treads Limited is in the business of manufacturing and dealing with tread rubber, rubber-based adhesives, tire-retreading accessories and retreading services, rubber-based adhesives, tyre retreading accessories, and retreading services. The registered office of the company is in Kerala. [1][2]

Key Points

Product Portfolio:[1]
Equipped with hot and cold processes, Eastern Treads has a wide range of radial patterns and retread materials that suits almost every tyre size of all vehicles viz.,
a) Precured Tread Rubber[2]
b) Hot Rubber Slab & Camel Back Treads[3]
c) Bonding Gum[4]
d) Black Vulcanizing Cement[5]
e) Repair Patches[6]

Website BSE
  • Market Cap ₹ 17.6 Cr.
  • Current Price ₹ 33.6
  • High / Low ₹ 51.4 / 30.0
  • Stock P/E
  • Book Value ₹ -24.4
  • Dividend Yield 0.00 %
  • ROCE -6.31 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -4.90% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Automobile and Auto Components Auto Components Tyres & Rubber Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
21.28 16.87 13.25 15.36 14.36 14.53 15.44 14.79 14.77 14.20 14.24 16.06 15.73
24.18 17.72 14.21 15.78 15.01 14.62 15.28 14.16 14.64 14.79 14.92 15.78 15.61
Operating Profit -2.90 -0.85 -0.96 -0.42 -0.65 -0.09 0.16 0.63 0.13 -0.59 -0.68 0.28 0.12
OPM % -13.63% -5.04% -7.25% -2.73% -4.53% -0.62% 1.04% 4.26% 0.88% -4.15% -4.78% 1.74% 0.76%
0.06 0.03 0.00 0.03 0.02 0.01 0.03 0.16 0.04 0.01 0.07 0.04 0.27
Interest 0.73 0.61 0.78 1.00 0.84 0.80 0.79 0.64 0.75 0.62 0.57 0.61 0.67
Depreciation 0.43 0.42 0.41 0.40 0.42 0.38 0.33 0.28 0.23 0.22 0.22 0.20 0.19
Profit before tax -4.00 -1.85 -2.15 -1.79 -1.89 -1.26 -0.93 -0.13 -0.81 -1.42 -1.40 -0.49 -0.47
Tax % -0.75% -3.78% -2.33% -2.79% -14.81% -1.59% -2.15% -15.38% -13.58% -2.11% -32.86% -4.08% -51.06%
-3.97 -1.78 -2.10 -1.74 -1.61 -1.23 -0.90 -0.11 -0.71 -1.40 -0.94 -0.47 -0.23
EPS in Rs -7.59 -3.40 -4.01 -3.33 -3.08 -2.35 -1.72 -0.21 -1.36 -2.68 -1.80 -0.90 -0.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
89.24 85.28 84.45 90.59 94.38 97.46 77.45 66.60 72.28 59.84 59.53 60.23
85.47 82.49 76.88 84.69 91.70 93.59 73.18 62.55 77.48 62.72 58.70 61.10
Operating Profit 3.77 2.79 7.57 5.90 2.68 3.87 4.27 4.05 -5.20 -2.88 0.83 -0.87
OPM % 4.22% 3.27% 8.96% 6.51% 2.84% 3.97% 5.51% 6.08% -7.19% -4.81% 1.39% -1.44%
0.33 2.11 0.11 0.70 0.22 0.48 0.33 0.49 0.34 0.08 0.24 0.39
Interest 0.83 1.54 1.38 2.97 3.27 3.61 3.23 3.31 3.20 3.23 2.97 2.46
Depreciation 0.79 0.95 1.16 1.82 2.11 2.63 2.47 2.12 1.83 1.65 1.22 0.84
Profit before tax 2.48 2.41 5.14 1.81 -2.48 -1.89 -1.10 -0.89 -9.89 -7.68 -3.12 -3.78
Tax % 33.87% 34.85% 33.66% 27.07% -7.26% -9.52% 2.73% -35.96% -2.12% -5.86% -5.45% -19.84%
1.64 1.58 3.41 1.32 -2.29 -1.71 -1.12 -0.57 -9.68 -7.23 -2.95 -3.03
EPS in Rs 2.93 3.02 6.52 2.52 -4.38 -3.27 -2.14 -1.09 -18.50 -13.82 -5.64 -5.79
Dividend Payout % 0.00% 17.12% 15.39% 20.49% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -3%
5 Years: -5%
3 Years: -6%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 19%
TTM: -3%
Stock Price CAGR
10 Years: -5%
5 Years: 6%
3 Years: 4%
1 Year: -13%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 5.35 5.41 5.41 5.41 5.41 5.41 5.41 5.41 5.41 5.41 5.41 5.41
Reserves -0.29 0.97 3.76 7.16 4.49 2.58 1.40 0.85 -4.92 -12.27 -15.07 -18.20
21.89 19.34 17.27 21.35 25.88 28.44 33.55 33.17 32.70 33.60 30.97 33.34
9.04 10.25 13.32 19.54 20.10 19.21 14.12 13.68 13.88 10.86 14.09 13.16
Total Liabilities 35.99 35.97 39.76 53.46 55.88 55.64 54.48 53.11 47.07 37.60 35.40 33.71
6.50 8.82 11.08 15.96 15.89 16.87 14.33 12.00 16.03 14.29 13.51 12.27
CWIP 0.00 0.35 0.26 0.36 2.53 0.18 0.16 0.24 0.17 0.00 0.00 0.16
Investments 0.00 0.00 0.00 0.00 0.00 0.03 0.03 0.03 0.00 0.00 0.00 0.00
29.49 26.80 28.42 37.14 37.46 38.56 39.96 40.84 30.87 23.31 21.89 21.28
Total Assets 35.99 35.97 39.76 53.46 55.88 55.64 54.48 53.11 47.07 37.60 35.40 33.71

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.81 5.82 5.62 -0.49 3.51 2.00 -1.32 4.46 1.40 4.80 2.90 0.46
-4.23 -2.34 -3.41 -4.12 -4.25 -1.24 -1.31 -0.56 2.62 -0.17 0.26 -0.13
7.63 -2.80 -2.65 5.24 1.02 -1.03 1.87 -3.65 -3.65 -4.95 -2.90 -0.09
Net Cash Flow 2.59 0.68 -0.43 0.63 0.28 -0.27 -0.76 0.25 0.36 -0.32 0.25 0.24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 60.62 40.06 50.27 96.74 99.27 99.36 121.31 140.63 100.95 79.66 74.13 71.27
Inventory Days 40.62 47.33 51.70 56.85 42.33 45.76 74.90 87.16 52.12 64.56 67.92 49.98
Days Payable 38.32 42.15 55.97 71.77 76.89 67.21 63.64 75.29 52.19 54.63 90.09 76.80
Cash Conversion Cycle 62.92 45.24 46.00 81.83 64.71 77.91 132.56 152.49 100.88 89.59 51.96 44.45
Working Capital Days 72.48 56.84 53.25 62.89 59.40 69.17 120.22 151.92 95.39 64.47 54.75 51.51
ROCE % 14.78% 11.01% 25.00% 15.84% 2.27% 4.76% 5.55% 6.07% -18.42% -14.85% -0.62% -6.31%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
65.67% 65.66% 65.66% 65.66% 65.66% 65.66% 65.66% 66.25% 66.25% 66.25% 65.78% 65.74%
34.33% 34.33% 34.34% 34.34% 34.34% 34.33% 34.33% 33.73% 33.73% 33.74% 34.21% 34.25%
No. of Shareholders 2,1441,8871,8871,8761,8751,8581,8471,9692,0472,0842,1412,177

Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Mar 2020
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  • Nov 2019
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  • Aug 2019
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  • Jun 2019
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  • Feb 2019
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  • Nov 2018
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  • Aug 2018
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  • May 2018
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  • Feb 2018
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  • Dec 2017
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  • Sep 2017
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  • Sep 2017
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  • May 2017
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  • Feb 2017
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  • Nov 2016
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  • Jul 2016
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  • Apr 2016
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