Eastern Treads Ltd
₹ 32.0
4.51%
05 Dec
- 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 ₹ 16.7 Cr.
- Current Price ₹ 32.0
- High / Low ₹ 43.8 / 27.0
- Stock P/E
- Book Value ₹ 0.94
- Dividend Yield 0.00 %
- ROCE -18.4 %
- ROE -297 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 34.2 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -67.3% over last 3 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.
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| 94.38 | 97.46 | 78.32 | 66.60 | 72.28 | |
| 91.70 | 93.67 | 74.31 | 62.55 | 77.51 | |
| Operating Profit | 2.68 | 3.79 | 4.01 | 4.05 | -5.23 |
| OPM % | 2.84% | 3.89% | 5.12% | 6.08% | -7.24% |
| 0.22 | 0.47 | 0.24 | 0.08 | 0.49 | |
| Interest | 3.27 | 3.62 | 3.25 | 3.31 | 3.20 |
| Depreciation | 2.11 | 2.64 | 2.50 | 2.12 | 1.83 |
| Profit before tax | -2.48 | -2.00 | -1.50 | -1.30 | -9.77 |
| Tax % | -7.26% | -9.50% | 1.33% | -24.62% | -2.15% |
| -2.29 | -1.82 | -1.53 | -0.98 | -9.56 | |
| EPS in Rs | -4.38 | -3.38 | -2.58 | -1.53 | -17.55 |
| Dividend Payout % | -0.00% | -0.00% | -0.00% | -0.00% | -0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -9% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -1898% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -9% |
| 5 Years: | -3% |
| 3 Years: | -6% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -67% |
| Last Year: | -297% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| Equity Capital | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 |
| Reserves | 4.49 | 2.52 | 1.12 | 0.35 | -4.92 |
| 25.88 | 28.67 | 33.79 | 34.46 | 32.70 | |
| 20.10 | 19.21 | 14.26 | 14.45 | 13.88 | |
| Total Liabilities | 55.88 | 55.81 | 54.58 | 54.67 | 47.07 |
| 15.89 | 17.08 | 14.52 | 12.19 | 16.03 | |
| CWIP | 2.53 | 0.43 | 1.12 | 1.71 | 0.17 |
| Investments | -0.00 | -0.00 | -0.00 | -0.00 | -0.00 |
| 37.46 | 38.30 | 38.94 | 40.77 | 30.87 | |
| Total Assets | 55.88 | 55.81 | 54.58 | 54.67 | 47.07 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| 3.51 | 1.74 | -1.68 | 3.36 | 1.40 | |
| -4.25 | -1.23 | -0.84 | -0.39 | 2.53 | |
| 1.02 | -0.77 | 1.77 | -2.64 | -3.65 | |
| Net Cash Flow | 0.28 | -0.27 | -0.75 | 0.32 | 0.27 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
|---|---|---|---|---|---|
| Debtor Days | 99.27 | 99.36 | 121.08 | 145.62 | 100.95 |
| Inventory Days | 42.33 | 45.76 | 74.90 | 87.16 | 52.12 |
| Days Payable | 76.89 | 67.37 | 66.20 | 84.90 | 52.19 |
| Cash Conversion Cycle | 64.71 | 77.75 | 129.77 | 147.87 | 100.88 |
| Working Capital Days | -1.70 | -6.22 | -15.99 | 1.42 | 8.89 |
| ROCE % | 4.49% | 4.58% | 6.07% | -18.36% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
19 Nov - Copy of newspaper publications regarding notice to shareholders about opening of special window for re-lodgement of transfer requests of physical shares in accordance with SEBI …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Nov - Copy of newspaper publication of the extract of Unaudited Financial Results for the quarter ended September 30, 2025 published in Business Line (English) and in …
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Results- Unaudited Financial Results For The Quarter Ended September 30, 2025
10 Nov - Board approved standalone unaudited results for quarter ended Sep 30, 2025; limited review report dated Nov 10, 2025.
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Board Meeting Outcome for Outcome Of Board Meeting Held Today, November 10, 2025.
10 Nov - Board approved Eastern Treads' standalone unaudited Q2 results for quarter ended Sep 30, 2025; limited review attached.
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Board Meeting Intimation for The Meeting To Be Held On November 10, 2025
5 Nov - Board meeting on Nov 10, 2025 to approve unaudited Q2 results for quarter ended Sept 30, 2025.
Annual reports
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Financial Year 2025
from bse
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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.