Emerald Tyre Manufacturers Ltd
Incorporated in 2002, Emerald Tyre Manufacturers specializes in manufacturing, supplying, and servicing a wide range of tyres.[1]
- Market Cap ₹ 218 Cr.
- Current Price ₹ 112
- High / Low ₹ 199 / 96.1
- Stock P/E 23.2
- Book Value ₹ 61.8
- Dividend Yield 0.00 %
- ROCE 13.0 %
- ROE 10.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 148% CAGR over last 5 years
Cons
* 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 71 | 77 | 122 | 151 | 154 | 182 | |
| 61 | 65 | 107 | 130 | 126 | 157 | |
| Operating Profit | 10 | 11 | 15 | 21 | 28 | 25 |
| OPM % | 14% | 15% | 12% | 14% | 18% | 14% |
| 3 | 1 | 1 | 2 | 2 | 3 | |
| Interest | 9 | 7 | 6 | 8 | 9 | 9 |
| Depreciation | 4 | 4 | 3 | 4 | 5 | 6 |
| Profit before tax | 0 | 2 | 6 | 10 | 16 | 13 |
| Tax % | 36% | 37% | 33% | 30% | 20% | 29% |
| 0 | 1 | 4 | 7 | 13 | 9 | |
| EPS in Rs | 0.15 | 2.13 | 6.39 | 10.82 | 8.82 | 4.79 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 11% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 14% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 148% |
| 3 Years: | 31% |
| TTM: | -26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 15% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 7 | 14 | 19 |
| Reserves | 23 | 27 | 34 | 41 | 52 | 101 |
| 57 | 62 | 67 | 79 | 74 | 78 | |
| 22 | 20 | 32 | 29 | 32 | 39 | |
| Total Liabilities | 109 | 116 | 140 | 155 | 173 | 237 |
| 0 | 29 | 31 | 45 | 54 | 56 | |
| CWIP | 3 | 4 | 10 | 7 | 6 | 30 |
| Investments | 5 | 7 | 7 | 7 | 6 | 6 |
| 100 | 76 | 91 | 96 | 106 | 145 | |
| Total Assets | 109 | 116 | 140 | 155 | 173 | 237 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 9 | -2 | 10 | 11 | 21 | 3 | |
| -1 | -0 | -20 | -34 | -14 | -31 | |
| -8 | 3 | 9 | 24 | -6 | 39 | |
| Net Cash Flow | -0 | 1 | -0 | 1 | 0 | 11 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 113 | 143 | 107 | 99 | 107 | 109 |
| Inventory Days | 345 | 322 | 208 | 190 | 204 | 187 |
| Days Payable | 120 | 101 | 72 | 71 | 85 | 89 |
| Cash Conversion Cycle | 338 | 365 | 243 | 218 | 226 | 207 |
| Working Capital Days | 233 | 271 | 169 | 160 | 173 | 169 |
| ROCE % | 10% | 12% | 16% | 19% | 13% |
Documents
Announcements
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General Updates
8 June 2025 - No deviation in utilization of Rs.4736.70 lakh IPO proceeds as per prospectus dated Dec 2024.
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Updates
8 June 2025 - No deviation in utilization of Rs.4736.70 lakh IPO proceeds as per SEBI regulations.
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Copy of Newspaper Publication
31 May 2025 - Published audited financial results for half year and year ended 31 Mar 2025 in newspapers.
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Dividend
29 May 2025 - Board at its meeting held on May 29, 2025, recommended Final Dividend of 1 per equity share.
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Outcome of Board Meeting
29 May 2025 - Emerald Tyre Manufacturers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
Annual reports
No data available.
Concalls
-
Feb 2025TranscriptNotesPPT
Business Profile[1]
Emerald Tyre Manufacturers Limited specializes in manufacturing and supplying a wide range of off-highway tyres under the brand name "GRECKSTER." The company caters to material handling applications like forklifts, skid loaders, mining equipment, ground support for airports, etc. It operates on a customer-centric model, offering tailored solutions, including Just-In-Time delivery, to OEMs and other industrial clients.