Is Emerald Tyre Manufacturers Ltd (ETML) a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Emerald Tyre Manufacturers Ltd is a below average quality company .

Is Emerald Tyre Manufacturers Ltd (ETML) undervalued or overvalued?

The key valuation ratios of Emerald Tyre Manufacturers Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Emerald Tyre Manufacturers Ltd (ETML) share price return in the past 10 years?

Data is not available for this company

Is Emerald Tyre Manufacturers Ltd (ETML) a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Emerald Tyre Manufacturers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

What is the share price of Emerald Tyre Manufacturers Ltd (ETML)?

Company share prices are keep on changing according to the market conditions. The current trading price of Emerald Tyre Manufacturers Ltd (ETML) on 01-Jan-1970 05:30:00 at 05:30 is .

What is the P/E ratio of Emerald Tyre Manufacturers?

The latest standalone P/E ratio of Emerald Tyre Manufacturers as of 01-Jan-1970 is 18.55.

What is the P/B ratio of Emerald Tyre Manufacturers Ltd (ETML)?

The latest standalone P/B ratio of Emerald Tyre Manufacturers Ltd (ETML) as of 01-Jan-1970 is 1.44.

What is the 52-week high and low of Emerald Tyre Manufacturers Ltd (ETML)?

The 52-week high of Emerald Tyre Manufacturers Ltd (ETML) is Rs. 0.00 and the 52-week low is Rs. 0.00.

Emerald Tyre Manufacturers Ltd (ETML) Share Analysis – Cycle Position, Quality & Valuation Zone & DeciZen Rating

Name: Emerald Tyre Manufacturers Ltd (ETML)
Brand: Emerald Tyre Manufacturers

Emerald Tyre Manufacturers Ltd (ETML) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

Key Metrics

Market Cap

₹173 Cr.

P/E Ratio

18.55

Price to Book (P/B)

1.44

Price to Sales (P/S)

0.95

EV/EBITDA

8.52

Return on Capital Employed (ROCE)

13.00%

Current Price

₹0

Return on Equity (ROE)

10.01%

Return on Assets (ROA)

4.55%

Operating Profit Margin

13.8%

Net Profit Margin

5.13%

Gross Profit Margin

10.5%

Book Value per Share

₹61.8

Sales Growth (YoY)

18.16%

Sales Growth (3 Years)

14.12%

Operating Profit Growth (1 Year)

-10.93%

Operating Profit Growth (3 Years)

18.44%

Net Profit Growth (1 Year)

-27%

52-Week Low / High

₹0 / 0

Net Profit Growth (3 Years)

28.42%

Dividend Yield

0.97%

Promoter Holding

50.31%

Pledged shares (%)
of Promoter's holding (%)

9.59%

Check Before You Invest

Q.1 Stock return of Emerald Tyre Manufacturers Ltd over the last decade?

Over the last 1 year(s), the stock has delivered a CAGR of -14.75% based on the current price.

Q.1 Which industry/sub-sector does Emerald Tyre Manufacturers Ltd belong to?

Emerald Tyre Manufacturers Ltd belongs to the Automobiles sector, operating specifically within the Tyres & Allied segment.

Q.1 Return on capital employed (ROCE) of Emerald Tyre Manufacturers Ltd?

Emerald Tyre Manufacturers Ltd Return on capital employed is 13% for FY-2025, which is in line with its 5-year historical median of 13%. The current ROCE is below its estimated weighted average cost of capital (WACC) of 14%, indicating value preservation.

Q.1 Promoter shareholding and pledge status of Emerald Tyre Manufacturers Ltd?

Promoters hold 50.31% of the Emerald Tyre Manufacturers Ltd, with 9.59% of their stake pledged, indicating low pledge risk.

Q.1 Revenue growth of Emerald Tyre Manufacturers Ltd vs industry peers?

Emerald Tyre Manufacturers Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 10.62%, indicating stable growth and maintaining its market share.

DeciZen - make an informed investing decision on Emerald Tyre Manufac

Based on:

Data

Overall Rating ⓘ
Login to view analysis. M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

3. Price Trend

Emerald Tyre Manufacturers stock performance

Key Ratios

Is Emerald Tyre Manufacturers Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	9.2%	12.3%	17.2%	18.5%	13%	-
Value Creation Index ⓘ	-0.3	-0.1	0.2	0.3	-0.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	76.6	122	151	154	182	182
Sales YoY Gr.	-	59.7%	23.4%	1.9%	18.2%	-
Adj EPS ⓘ	0.7	3.1	4.8	8.5	3.9	4.8
YoY Gr.	-	358.2%	55.1%	78.8%	-53.7%	-
BVPS (₹) ⓘ	26.8	30.9	37.5	45.5	61.8	61.8
Adj Net Profit ⓘ	0.8	4	6.3	12.3	7.7	9
Cash Flow from Ops. ⓘ	-0.6	11.5	11.9	20.9	3.4	-
Debt/CF from Ops. ⓘ	-95.7	5.9	6.6	3.6	23.3	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	NA	14.1%	18.2%
Adj EPS ⓘ	NA	NA	8.7%	-53.7%
BVPSⓘ	NA	NA	26%	35.7%
Share Price	-	-	-	-12.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	2.2	10.2	13.9	21.4	8.2	7.8
Op. Profit Mgn % ⓘ	15	12.3	13.6	18.3	13.8	NAN
Net Profit Mgn % ⓘ	1.1	3.3	4.1	8	4.2	5.1
Debt to Equity ⓘ	1.5	1.7	1.6	1.1	0.7	-
Working Cap Days ⓘ	0	251	226	237	237	0
Cash Conv. Cycle ⓘ	0	175	158	166	154	0

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	4.8	5.4
TTM Sales (₹ Cr.)	182	199
BVPS (₹) ⓘ	61.8	56.1
Reserves (₹ Cr.) ⓘ	101	90
P/BV ⓘ	1.44	1.58
PE ⓘ	18.55	16.59

From the Market
52 Week Low / High (₹)	0.00 / 0.00
All Time Low / High (₹)	- / -
Market Cap (₹ Cr.)	173
Equity (₹ Cr.)	19.5
Face Value (₹)	10
Industry PE ⓘ	25.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

9.59

* Pledged shares as % of Promoter's holding (%)

Valuation of Emerald Tyre Manufac - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	77	122	151	154	182
Operating Expenses ⓘ +	65	107	130	126	157
Manufacturing Costs	6	8	11	12	17
Material Costs	45	79	95	88	108
Employee Cost	8	10	15	18	21
Other Costs ⓘ	6	10	10	8	10
Operating Profit ⓘ	11	15	21	28	25
Operating Profit Margin (%)	15.0%	12.3%	13.6%	18.3%	13.8%
Other Income ⓘ +	1	1	4	2	3
Exceptional Items ⓘ	0	0	0	0	-0
Interest ⓘ	7	6	9	9	9
Depreciation ⓘ	4	3	4	5	6
Profit Before Tax ⓘ	2	6	12	16	13
Tax ⓘ	1	2	3	3	4
Profit After Tax	2	4	9	13	9
PAT Margin (%)	2.0%	3.6%	5.8%	8.3%	5.1%
Adjusted EPS (₹)	0.7	3.2	6.6	8.8	4.8
Dividend Payout Ratio (%)	0%	0%	0%	11.30%	20.90%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	39	41	49	66	120
Share Capital ⓘ	11	7	7	14	19
Reserves ⓘ	27	34	43	51	101
Debt +	48	56	61	57	63
Long Term Debt	16	22	23	20	15
Short Term Debt	32	33	39	37	48
Minority Interest	0	0	0	0	0
Trade Payables	12	15	18	20	27
Others Liabilities ⓘ	18	28	28	30	28
Total Liabilities ⓘ	116	139	156	173	237
Fixed Assets
Net Fixed Assets ⓘ +	29	31	45	54	56
Gross Block	76	81	100	114	121
Accumulated Depreciation	47	51	55	60	66
CWIP ⓘ	4	10	7	6	30
Investments ⓘ	5	6	6	6	6
Inventories	38	43	47	50	57
Trade Receivables	30	36	42	45	54
Cash Equivalents	1	1	2	2	13
Others Assets ⓘ	10	12	7	8	21
Total Assets ⓘ	116	139	156	173	237

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-1	11	12	21	3
PBT ⓘ	2	6	12	16	13
Adjustment ⓘ	10	9	9	14	12
Changes in Working Capital ⓘ	-12	-3	-7	-6	-18
Tax Paid ⓘ	-1	-1	-2	-3	-4
Cash Flow From Investing Activity ⓘ +	-0	-12	-15	-14	-31
Capex	-0	-12	-15	-14	-31
Net Investments	0	0	0	0	-0
Others ⓘ	0	0	0	0	0
Cash Flow From Financing Activity ⓘ +	1	1	3	-6	39
Net Proceeds from Shares ⓘ	4	3	0	4	45
Net Proceeds from Borrowing ⓘ	3	1	0	0	-6
Interest Paid ⓘ	-7	-6	-9	-9	-9
Dividend Paid ⓘ	0	-0	0	0	-1
Others ⓘ	1	4	12	-2	10
Net Cash Flow ⓘ	1	1	1	0	11

Finance Ratio

PARTICULARS	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	4.65	11.87	19.34	22.18	10.01
ROCE (%)	9.24	12.25	17.16	18.46	13
Asset Turnover Ratio	0.66	0.96	1.02	0.94	0.89
PAT to CFO Conversion(x)	-0.5	2.75	1.33	1.62	0.33
Working Capital Days
Receivable Days	143.30	98.30	94.40	103.70	99.70
Inventory Days	179.30	120	108.70	115.30	107
Payable Days	95.60	61.50	62.60	78.80	79.20

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Announcements

Emerald Tyre Manufacturers Ltd FAQs

The current trading price of Emerald Tyre Manufac on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Emerald Tyre Manufac stood at ₹173.1 Cr

The latest P/E ratio of Emerald Tyre Manufac as of 31-Dec-1969 is 18.55.

The latest P/B ratio of Emerald Tyre Manufac as of 31-Dec-1969 is 1.44.

The 52-week high of Emerald Tyre Manufac is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Emerald Tyre Manufac is ₹182 ( Cr.) .

About Emerald Tyre Manufacturers Ltd

Emerald Tyre Manufacturers Limited was incorporated on March 27, 2002, under the name and style of ‘Emrald Resilient Tyre Manufactures Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a Certificate of Incorporation issued by the Registrar of Companies, Chennai at Tamil Nadu. Thereafter, the name of the company was changed from ‘Emrald Resilient Tyre Manufactures Private Limited’ to ‘Emerald Resilient Tyre Manufacturers Private Limited’ vide special resolution passed by the members at the Extra-ordinary General Meeting held on July 16, 2018.

Subsequently, the company was converted into Public Limited Company and name of company was changed from ‘Emerald Resilient Tyre Manufacturers Private Limited’ to ‘Emerald Resilient Tyre Manufacturers Limited’ pursuant to a special resolution passed by its shareholders at the Extra Ordinary General Meeting held on November 25, 2023. Thereafter, the name of the company was changed from ‘Emerald Resilient Tyre Manufacturers Limited’ to ‘Emerald Tyre Manufacturers Limited’ pursuant to a special resolution passed by its shareholders at the Extra Ordinary General Meeting held on January 11, 2024, and a fresh certificate of incorporation was issued by the Registrar of Companies, Tamil Nadu dated January 17, 2024.

Emerald Tyre Manufacturers is engaged in the business of manufacturing, supplying and services for a comprehensive range of tyres for material handling applications like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders etc. The company being incorporated in the year 2002, has a renowned presence in the Domestic market as well as Global market for more than two decades in the international market under the brand name ‘GRECKSTER’.

The company was promoted and pioneered by Chandhrasekharan Venkatachalam Thirupathi. Its Promoter has a rich engineering background with more than two decades’ experience in Manufacturing and operation of tyres. He has guided the company in expanding its operations by taking strategic directional focus towards focusing on exports, multi- size expansion, de-risking entire business by strategic product & market selection.

Business area of the company

The company is engaged in the business of manufacturing, supplying and services for a comprehensive range of tyres for material handling applications like forklifts, skid loaders, ground support equipment of Airports, Port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders etc.

Products of the company

Solid resilient tyres
Press-on band
Industrial pneumatic tyres & butyl tubes & flaps
Wheel rims

Awards and accreditations

2011-12: AIRIA - Top Exporter Award (Runner up Award).
2011-12: AIRIA - Top Exporter Award (Runner up Award).
2011-12: CAPEXIL - Certificate of Export Recognition.
2011-12: CAPEXIL - Special Export Award.
2012-13: 7th India Rubber Expo & Tyre Show, Mumbai - Award.
2012-13: CAPEXIL - Certificate of Export Recognition.
2012-13: CAPEXIL - Certificate of Merit.
2012-13: National Rubber Conference, Chennai.
2013-14: AIRIA - Special Exporter Award (Runner up Award).
2013-14: CAPEXIL - Certificate of Export Recognition.
2015-16: FIEO - Export Excellence Awards - Silver.
2016-17: CAPEXIL - Certificate of Export Recognition.
2017-18: AIRIA - Special Exporter Award.
2020-21: CAPEXIL -Certificate of Export Recognition.
2021-22: Certificate of Export Recognition.

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Emerald Tyre Manufacturers Ltd (ETML) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating