Eastern Treads Ltd
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]
- Market Cap ₹ 18.2 Cr.
- Current Price ₹ 34.7
- 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
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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | -4% |
5 Years: | 12% |
3 Years: | -3% |
1 Year: | -15% |
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Demise
14h - Demise of promoter Mrs. Nabeesa Meeran holding 0.65% shares; share transmission in process.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
30 May - Eastern Treads claims exemption from Annual Secretarial Compliance Report for FY 2024-25 under SEBI LODR.
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Announcement Under Regulation 30- Annulment Of Forfeiture Of 900 Equity Shares
30 May - BSE approved annulment of forfeiture of 900 shares of Mrs. Wahida Begum G.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Copy of newspaper publication of the extract of the Audited Financial Results for the period ended March 31, 2025 published in Business Line (English) and …
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Announcement under Regulation 30 (LODR)-Change in Management
29 May - Re-appointment of R G N Price & Co as internal auditor for FY 2025-26.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
from bse
Concalls
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Mar 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
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Apr 2016TranscriptNotesPPT
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]