Emerald Tyre Manufacturers Ltd
Incorporated in 2002, Emerald Tyre Manufacturers specializes in manufacturing, supplying, and servicing a wide range of tyres.[1]
- Market Cap ₹ 285 Cr.
- Current Price ₹ 146
- High / Low ₹ 199 / 96.1
- Stock P/E 27.2
- Book Value ₹ 56.1
- Dividend Yield 0.00 %
- ROCE 14.4 %
- ROE 12.8 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 39.1% 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
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 | |
|---|---|---|---|---|---|---|
| 85 | 87 | 134 | 164 | 171 | 199 | |
| 78 | 80 | 118 | 142 | 141 | 172 | |
| Operating Profit | 6 | 7 | 16 | 21 | 30 | 27 |
| OPM % | 8% | 8% | 12% | 13% | 17% | 14% |
| 4 | 1 | 1 | 2 | 1 | 3 | |
| Interest | 9 | 7 | 7 | 9 | 9 | 10 |
| Depreciation | 4 | 4 | 3 | 4 | 6 | 6 |
| Profit before tax | -3 | -3 | 7 | 10 | 16 | 14 |
| Tax % | 2% | 29% | 30% | 30% | 26% | 27% |
| -3 | -4 | 5 | 7 | 12 | 10 | |
| EPS in Rs | -5.48 | -5.60 | 7.07 | 11.19 | 8.07 | 5.36 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 12% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 14% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 31% |
| TTM: | 0% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 18% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 7 | 14 | 19 |
| Reserves | 17 | 15 | 19 | 28 | 40 | 90 |
| 63 | 69 | 75 | 85 | 87 | 88 | |
| 25 | 22 | 34 | 29 | 33 | 40 | |
| Total Liabilities | 111 | 112 | 135 | 148 | 174 | 237 |
| 33 | 29 | 31 | 45 | 54 | 56 | |
| CWIP | 3 | 4 | 10 | 7 | 6 | 30 |
| Investments | 0 | 0 | 0 | 1 | 1 | 1 |
| 74 | 79 | 93 | 95 | 112 | 150 | |
| Total Assets | 111 | 112 | 135 | 148 | 174 | 237 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 2 | -1 | 9 | 12 | 13 | 8 | |
| 1 | -2 | -15 | -13 | -12 | -32 | |
| -4 | 4 | 5 | 2 | 0 | 35 | |
| Net Cash Flow | -1 | 1 | -1 | 1 | 2 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 72 | 89 | 75 | 68 | 86 | 83 |
| Inventory Days | 375 | 347 | 234 | 205 | 227 | 212 |
| Days Payable | 120 | 100 | 77 | 65 | 78 | 85 |
| Cash Conversion Cycle | 327 | 336 | 232 | 207 | 235 | 209 |
| Working Capital Days | 37 | 55 | 23 | 5 | 27 | 25 |
| ROCE % | 5% | 14% | 17% | 18% | 14% |
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
29 July 2025 - Outcome of virtual analysts'/investors' meeting held on July 29, 2025, with multiple institutions disclosed.
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Analysts/Institutional Investor Meet/Con. Call Updates
23 July 2025 - Scheduled analyst/investor virtual meeting on 29 July 2025 at 4 PM by Emerald Tyre Manufacturers.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
7 July 2025 - Compliance certificate for securities dematerialisation for quarter ended June 30, 2025.
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Structural Digital Database
2 July 2025 - Submission of SEBI insider trading compliance certificate for FY ended March 31, 2025.
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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.
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.