Eastern Treads Ltd

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

Eastern Treads Ltd

₹ 38.5 2.86%
23 Apr 1:09 p.m.
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 ₹ 20.2 Cr.
  • Current Price ₹ 38.5
  • High / Low ₹ 48.0 / 28.2
  • Stock P/E
  • Book Value ₹ 0.94
  • Dividend Yield 0.00 %
  • ROCE -18.4 %
  • ROE -297 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 41.2 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.

Peer comparison

Sector: Plantation & Plantation Products Industry: Miscellaneous

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
25.04 21.38 20.98 20.26 15.69 14.07 17.81 19.03 18.89 17.03 20.64 15.60 21.28
23.79 20.19 19.78 19.29 15.04 13.56 16.68 17.40 18.42 17.61 21.74 16.72 24.17
Operating Profit 1.25 1.19 1.20 0.97 0.65 0.51 1.13 1.63 0.47 -0.58 -1.10 -1.12 -2.89
OPM % 4.99% 5.57% 5.72% 4.79% 4.14% 3.62% 6.34% 8.57% 2.49% -3.41% -5.33% -7.18% -13.58%
0.04 0.06 0.04 0.06 0.08 0.03 0.06 0.19 0.15 0.01 0.11 0.79 0.08
Interest 1.03 0.77 0.80 0.83 0.86 0.84 1.05 0.65 0.81 0.78 0.87 0.85 0.73
Depreciation 0.65 0.65 0.63 0.64 0.58 0.60 0.60 0.43 0.51 0.50 0.47 0.44 0.43
Profit before tax -0.39 -0.17 -0.19 -0.44 -0.71 -0.90 -0.46 0.74 -0.70 -1.85 -2.33 -1.62 -3.97
Tax % 20.51% 11.76% 36.84% 13.64% -23.94% 7.78% 6.52% -6.76% 22.86% 3.24% 3.00% 3.09% 0.76%
-0.31 -0.14 -0.12 -0.38 -0.88 -0.82 -0.42 0.80 -0.53 -1.79 -2.26 -1.57 -3.94
EPS in Rs -0.54 -0.19 -0.13 -0.63 -1.61 -1.57 -0.76 1.64 -0.82 -3.15 -4.09 -2.75 -7.53
Raw PDF

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: 11%
5 Years: -4%
3 Years: -13%
1 Year: 11%
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
Preference Capital 5.97 6.56 4.11 3.60 3.04
19.91 22.11 29.68 30.86 29.66
26.07 25.77 18.37 18.05 16.92
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 59.40 67.56 111.80 143.92 95.39
ROCE % 4.49% 4.58% 6.07% -18.36%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.45% 65.45% 65.63% 65.67% 65.67% 65.66% 65.66% 65.66% 65.66% 65.66% 65.66% 66.25%
34.55% 34.55% 34.37% 34.33% 34.33% 34.33% 34.34% 34.34% 34.34% 34.33% 34.33% 33.73%
No. of Shareholders 2,0012,0672,1692,1522,1441,8871,8871,8761,8751,8581,8471,969

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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