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 14.5
- Book Value ₹ 59.2
- Dividend Yield 1.30 %
- ROCE 12.3 %
- ROE 9.19 %
- Face Value ₹ 10.0
Pros
Cons
- Company has a low return on equity of 13.9% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 85 | 87 | 134 | 164 | 171 | 199 | 218 | |
| 78 | 80 | 118 | 142 | 141 | 172 | 191 | |
| Operating Profit | 6 | 7 | 16 | 21 | 30 | 27 | 27 |
| OPM % | 8% | 8% | 12% | 13% | 17% | 14% | 13% |
| 4 | 1 | 1 | 2 | 0 | 3 | 7 | |
| Interest | 9 | 7 | 7 | 9 | 9 | 10 | 14 |
| Depreciation | 4 | 4 | 3 | 4 | 6 | 6 | 7 |
| Profit before tax | -3 | -3 | 7 | 10 | 15 | 14 | 14 |
| Tax % | 2% | 29% | 30% | 30% | 21% | 27% | 25% |
| -3 | -4 | 5 | 7 | 12 | 10 | 10 | |
| EPS in Rs | -5.48 | -5.60 | 7.07 | 11.19 | 8.07 | 5.36 | 5.30 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 12% | 19% | 19% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 20% |
| 3 Years: | 10% |
| TTM: | 9% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 37% |
| 3 Years: | 12% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -38% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 14% |
| Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 7 | 14 | 19 | 19 |
| Reserves | 17 | 15 | 19 | 28 | 40 | 90 | 96 |
| 63 | 69 | 75 | 85 | 87 | 88 | 136 | |
| 25 | 22 | 34 | 29 | 33 | 40 | 35 | |
| Total Liabilities | 111 | 112 | 135 | 148 | 174 | 237 | 286 |
| 33 | 29 | 31 | 45 | 54 | 56 | 130 | |
| CWIP | 3 | 4 | 10 | 7 | 6 | 30 | 0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 6 |
| 74 | 79 | 93 | 96 | 112 | 150 | 150 | |
| Total Assets | 111 | 112 | 135 | 148 | 174 | 237 | 286 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 2 | -1 | 9 | 12 | 12 | 8 | 21 | |
| 1 | -2 | -15 | -14 | -12 | -32 | -58 | |
| -4 | 4 | 5 | 2 | 1 | 35 | 32 | |
| Net Cash Flow | -1 | 1 | -1 | 1 | 2 | 12 | -5 |
| Free Cash Flow | 1 | -2 | -3 | -3 | -2 | -23 | -30 |
| CFO/OP | 40% | -10% | 70% | 67% | 53% | 44% | 93% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 89 | 75 | 68 | 86 | 83 | 90 |
| Inventory Days | 375 | 347 | 234 | 208 | 227 | 212 | 220 |
| Days Payable | 120 | 100 | 77 | 67 | 78 | 85 | 61 |
| Cash Conversion Cycle | 327 | 336 | 232 | 209 | 235 | 209 | 250 |
| Working Capital Days | 37 | 55 | 23 | 13 | 27 | 25 | 50 |
| ROCE % | 5% | 14% | 17% | 19% | 14% | 12% |
Insights
In beta| Mar 2017 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Installed Production Capacity MT ・Standalone data |
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| Export Contribution to Revenue % ・Includes some standalone data |
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| Industrial Pneumatic Capacity MT ・Standalone data |
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| Industrial Pneumatic Capacity Utilization % ・Standalone data |
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| Solid Resilient Capacity Utilization % ・Standalone data |
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| Solid Resilient Tyre Capacity MT ・Standalone data |
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| Total Production Volume MT ・Standalone data |
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| Domestic Franchise Outlets Number ・Standalone data |
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| R&D Expenditure (Percentage of Turnover) % ・Standalone data |
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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.