Emerald Tyre Manufacturers Ltd
Incorporated in 2002, Emerald Tyre Manufacturers specializes in manufacturing, supplying, and servicing a wide range of tyres.[1]
- Market Cap ₹ 150 Cr.
- Current Price ₹ 77.0
- High / Low ₹ 153 / 72.5
- Stock P/E 17.2
- Book Value ₹ 65.3
- Dividend Yield 1.30 %
- ROCE 11.0 %
- ROE 7.06 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.18 times its book value
- Company has been maintaining a healthy dividend payout of 18.2%
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.3% 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
Consumer Discretionary Automobile and Auto Components Auto Components Tyres & Rubber Products
Part of Nifty SME Emerge
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 71 | 77 | 122 | 151 | 154 | 182 | 203 | |
| 61 | 65 | 107 | 130 | 126 | 157 | 178 | |
| Operating Profit | 10 | 11 | 15 | 21 | 28 | 25 | 25 |
| OPM % | 14% | 15% | 12% | 14% | 18% | 14% | 12% |
| 3 | 1 | 1 | 2 | 2 | 3 | 7 | |
| Interest | 9 | 7 | 6 | 8 | 9 | 9 | 13 |
| Depreciation | 4 | 4 | 3 | 4 | 5 | 6 | 7 |
| Profit before tax | 0 | 2 | 6 | 10 | 16 | 13 | 12 |
| Tax % | 43% | 37% | 33% | 30% | 20% | 29% | 27% |
| 0 | 1 | 4 | 7 | 13 | 9 | 9 | |
| EPS in Rs | 0.15 | 2.13 | 6.39 | 10.82 | 8.82 | 4.79 | 4.49 |
| Dividend Payout % | -0% | -0% | -0% | -0% | 11% | 21% | 22% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 10% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 46% |
| 3 Years: | 7% |
| TTM: | -7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 11% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 7 | 14 | 19 | 19 |
| Reserves | 23 | 27 | 34 | 41 | 52 | 101 | 108 |
| 58 | 62 | 67 | 79 | 74 | 78 | 123 | |
| 22 | 20 | 32 | 28 | 32 | 39 | 37 | |
| Total Liabilities | 109 | 116 | 140 | 155 | 173 | 237 | 288 |
| 33 | 29 | 31 | 45 | 54 | 56 | 130 | |
| CWIP | 3 | 4 | 10 | 7 | 6 | 30 | -0 |
| Investments | 5 | 7 | 7 | 6 | 6 | 6 | 11 |
| 67 | 76 | 91 | 97 | 106 | 145 | 147 | |
| Total Assets | 109 | 116 | 140 | 155 | 173 | 237 | 288 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 9 | -2 | 10 | 11 | 21 | 3 | 22 | |
| -1 | -0 | -20 | -34 | -14 | -31 | -56 | |
| -8 | 3 | 9 | 24 | -6 | 39 | 31 | |
| Net Cash Flow | -0 | 1 | -0 | 1 | 0 | 11 | -2 |
| Free Cash Flow | 8 | -2 | -10 | -15 | 7 | -28 | -29 |
| CFO/OP | 102% | -11% | 73% | 61% | 86% | 28% | 109% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 113 | 143 | 107 | 99 | 107 | 109 | 119 |
| Inventory Days | 360 | 322 | 208 | 178 | 204 | 187 | 177 |
| Days Payable | 126 | 101 | 72 | 68 | 82 | 89 | 69 |
| Cash Conversion Cycle | 348 | 365 | 243 | 208 | 230 | 207 | 227 |
| Working Capital Days | 32 | 74 | 35 | 26 | 45 | 43 | 65 |
| ROCE % | 10% | 12% | 16% | 19% | 13% | 11% |
Insights
In beta| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Installed Production Capacity MT |
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| Export Contribution to Revenue % |
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| Industrial Pneumatic Capacity MT |
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| Industrial Pneumatic Capacity Utilization % |
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| Solid Resilient Capacity Utilization % |
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| Solid Resilient Tyre Capacity MT |
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| Total Production Volume MT |
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| Domestic Franchise Outlets Number |
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| R&D Expenditure (Percentage of Turnover) % |
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Extracted by Screener AI
Documents
Announcements
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General Updates
10 June 2026 - Emerald Tyre appoints EquiBridgeX Advisors for investor relations and PR from 12 June 2026 to May 2027.
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Copy of Newspaper Publication
26 May 2026 - Published standalone and consolidated audited FY26 half-year and annual results on 26 May 2026.
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Dividend
25 May 2026 - Board at its meeting held on May 25, 2026, recommended Final Dividend of Re. 1 per equity share.
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Outcome of Board Meeting
25 May 2026 - Emerald Tyre Manufacturers Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Structural Digital Database
11 May 2026 - Submitted FY26 compliance certificate under SEBI PIT Regulations on 11 May 2026.
Annual reports
Concalls
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Dec 2025Transcript PPT
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Sep 2025TranscriptAI SummaryPPT
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Feb 2025TranscriptAI SummaryPPT
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.