Eastern Treads Ltd
₹ 28.4
-0.35%
26 May
- close price
About
Incorporated in 1993, Eastern Treads Ltd
is in the business of manufacture and sale
of tyre treads and associated components.[1]
Key Points
- Market Cap ₹ 14.9 Cr.
- Current Price ₹ 28.4
- High / Low ₹ 37.8 / 25.0
- Stock P/E
- Book Value ₹ -24.1
- Dividend Yield 0.00 %
- ROCE 1.90 %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.29% over past five years.
- Earnings include an other income of Rs.2.40 Cr.
* 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.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 85.28 | 84.45 | 90.59 | 94.38 | 97.46 | 77.45 | 66.60 | 72.28 | 59.84 | 59.53 | 60.24 | 62.41 | |
| 82.49 | 76.88 | 84.69 | 91.70 | 93.59 | 73.18 | 62.55 | 77.48 | 62.72 | 58.70 | 61.11 | 61.63 | |
| Operating Profit | 2.79 | 7.57 | 5.90 | 2.68 | 3.87 | 4.27 | 4.05 | -5.20 | -2.88 | 0.83 | -0.87 | 0.78 |
| OPM % | 3.27% | 8.96% | 6.51% | 2.84% | 3.97% | 5.51% | 6.08% | -7.19% | -4.81% | 1.39% | -1.44% | 1.25% |
| 2.11 | 0.11 | 0.70 | 0.22 | 0.48 | 0.33 | 0.49 | 0.34 | 0.08 | 0.24 | 0.39 | 2.40 | |
| Interest | 1.54 | 1.38 | 2.97 | 3.27 | 3.61 | 3.23 | 3.31 | 3.20 | 3.23 | 2.97 | 2.46 | 2.38 |
| Depreciation | 0.95 | 1.16 | 1.82 | 2.11 | 2.63 | 2.47 | 2.12 | 1.83 | 1.65 | 1.22 | 0.84 | 0.74 |
| Profit before tax | 2.41 | 5.14 | 1.81 | -2.48 | -1.89 | -1.10 | -0.89 | -9.89 | -7.68 | -3.12 | -3.78 | 0.06 |
| Tax % | 34.85% | 33.66% | 27.07% | -7.26% | -9.52% | 2.73% | -35.96% | -2.12% | -5.86% | -5.45% | -19.84% | -50.00% |
| 1.58 | 3.41 | 1.32 | -2.29 | -1.71 | -1.12 | -0.57 | -9.68 | -7.23 | -2.95 | -3.03 | 0.09 | |
| EPS in Rs | 3.02 | 6.52 | 2.52 | -4.38 | -3.27 | -2.14 | -1.09 | -18.50 | -13.82 | -5.64 | -5.79 | 0.17 |
| Dividend Payout % | 17.12% | 15.39% | 20.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -1% |
| 3 Years: | 1% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 35% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -14% |
| 5 Years: | -12% |
| 3 Years: | -3% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 |
| Reserves | 0.97 | 3.76 | 7.16 | 4.49 | 2.58 | 1.40 | 0.85 | -4.92 | -12.27 | -15.07 | -18.20 | -18.04 |
| 19.34 | 17.27 | 21.35 | 25.88 | 28.44 | 33.55 | 33.17 | 32.70 | 33.60 | 30.97 | 33.34 | 33.10 | |
| 10.25 | 13.32 | 19.54 | 20.10 | 19.21 | 14.12 | 13.68 | 13.88 | 10.86 | 14.09 | 13.16 | 14.83 | |
| Total Liabilities | 35.97 | 39.76 | 53.46 | 55.88 | 55.64 | 54.48 | 53.11 | 47.07 | 37.60 | 35.40 | 33.71 | 35.30 |
| 8.82 | 11.08 | 15.96 | 15.89 | 16.87 | 14.33 | 12.00 | 16.03 | 14.29 | 13.51 | 12.27 | 12.52 | |
| CWIP | 0.35 | 0.26 | 0.36 | 2.53 | 0.18 | 0.16 | 0.24 | 0.17 | 0.00 | 0.00 | 0.16 | 1.38 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 |
| 26.80 | 28.42 | 37.14 | 37.46 | 38.56 | 39.96 | 40.84 | 30.87 | 23.31 | 21.89 | 21.28 | 21.36 | |
| Total Assets | 35.97 | 39.76 | 53.46 | 55.88 | 55.64 | 54.48 | 53.11 | 47.07 | 37.60 | 35.40 | 33.71 | 35.30 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.82 | 5.62 | -0.49 | 3.51 | 2.00 | -1.32 | 4.46 | 1.40 | 4.80 | 2.90 | 0.46 | 2.40 | |
| -2.34 | -3.41 | -4.12 | -4.25 | -1.24 | -1.31 | -0.56 | 2.62 | -0.17 | 0.26 | -0.13 | -2.24 | |
| -2.80 | -2.65 | 5.24 | 1.02 | -1.03 | 1.87 | -3.65 | -3.65 | -4.95 | -2.90 | -0.09 | -0.57 | |
| Net Cash Flow | 0.68 | -0.43 | 0.63 | 0.28 | -0.27 | -0.76 | 0.25 | 0.36 | -0.32 | 0.25 | 0.24 | -0.41 |
| Free Cash Flow | 3.48 | 2.21 | -4.66 | -0.76 | 0.75 | -1.21 | 4.71 | 1.32 | 4.59 | 2.91 | 0.01 | 0.35 |
| CFO/OP | 239% | 97% | 4% | 144% | 52% | -30% | 111% | -28% | -167% | 349% | -53% | 308% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40.06 | 50.27 | 96.74 | 99.27 | 99.36 | 121.31 | 140.63 | 100.95 | 79.66 | 74.13 | 71.25 | 74.68 |
| Inventory Days | 47.33 | 51.70 | 56.85 | 42.33 | 45.76 | 74.90 | 87.16 | 52.12 | 64.56 | 67.92 | 49.97 | 54.75 |
| Days Payable | 42.15 | 55.97 | 71.77 | 76.89 | 67.21 | 63.64 | 75.29 | 52.19 | 54.63 | 89.90 | 76.78 | 95.19 |
| Cash Conversion Cycle | 45.24 | 46.00 | 81.83 | 64.71 | 77.91 | 132.56 | 152.49 | 100.88 | 89.59 | 52.15 | 44.44 | 34.25 |
| Working Capital Days | 30.09 | 40.71 | 20.51 | -1.70 | -3.75 | -7.92 | 13.32 | 8.89 | -59.04 | -89.09 | -113.49 | -91.18 |
| ROCE % | 11.01% | 25.00% | 15.84% | 2.27% | 4.76% | 5.55% | 6.07% | -18.42% | -14.85% | -0.62% | -6.31% | 1.90% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Number of Depots Count |
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| Number of Dealers Count |
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| Actual Production / Sales Volume MT / Tons |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21 May - We herewith submit the copy of newspaper publication of the extract of Audited Financial Results for the quarter ended March 31, 2026 in Financial Express …
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Announcement under Regulation 30 (LODR)-Change in Directorate
20 May - Eastern Treads appointed Karandeep Singh as Additional Independent Director on 20 May 2026, subject to AGM approval.
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Announcement under Regulation 30 (LODR)-Change in Management
20 May - Board re-appointed RGN Price and Co. as internal auditors for FY 2026-27 on 20 May 2026.
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Results-Financial Results For March 31, 2026
20 May - Board approved audited standalone results for quarter and year ended March 31, 2026; auditors issued unmodified opinion.
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Board Meeting Outcome for Outcome For The Board Meeting Held Today, May 20, 2026
20 May - Board approved FY26 audited results, appointed Karandeep Singh independent director, and reappointed internal auditors.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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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Concalls
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Mar 2020TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Aug 2019TranscriptAI SummaryPPT
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Jun 2019TranscriptAI SummaryPPT
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Feb 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Dec 2017TranscriptAI SummaryPPT
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Sep 2017TranscriptAI SummaryPPT
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Sep 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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Feb 2017TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Jul 2016TranscriptAI SummaryPPT
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Apr 2016TranscriptAI SummaryPPT
Business Overview:[1]
ETL primarily supplies tyre treads for trucks and buses, and has also developed specialised compounds for LCVs, cars, and two-wheelers. It now supports tyre makers without in-house retreading by handling first-cycle retreading for them. The company additionally offers a pay-per-kilometre fleet management service to selected customers.