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10 Yrs X-Ray 
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About
Emerald Tyre Manufacturers Ltd (ETML)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ETML Tyres & Allied | Small Cap | Emerald Tyre Mfrs. Share Price
BSE Share Price
Not Listed
Not Listed
Emerald Tyre Manufacturers Ltd (ETML)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: ETML Tyres & Allied | Small Cap | Emerald Tyre Mfrs. Share Price
BSE Share Price
Not Listed
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹142 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹5.3
TTM Sales
₹218 Cr.
Book Value per Share
₹56.1
P/E Ratio
13.78
Lower than its 5-year historical median
Industry PE
20.4
Price to Book (P/B)
1.30
Lower than its 5-year historical median
Price to Sales (P/S)
0.65
Lower than its 5-year historical median
EV/EBITDA
6.23
Lower than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
12.77%
Return on Capital Employed (ROCE)
14.30%
Return on Assets (ROA)
5.08%
Operating Profit Margin
13.5%
Net Profit Margin
5.23%
Gross Profit Margin
10.1%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
18.16%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-6.52%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-10.78%
Asset Quality
Promoter Holding
50.31%
Pledged shares (%) of Promoter's holding (%)
9.59%
Reserves
₹90 Cr.
Equity
₹19.5 Cr.
Face Value
₹10
All Time Low / High
₹0.00 / 0.00
Check Before You Invest
Quality
Somewhat GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Weak
Is Emerald Tyre Manufacturers Ltd a good quality company?
Emerald Tyre Manufacturers Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Emerald Tyre Manufacturers Ltd performance compare with that of its Peers?
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 0%, indicating stable growth and maintaining its market share.
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.
Stock return of Emerald Tyre Manufacturers Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -43.81% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Emerald Tyre Manufacturers Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| 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 ⓘ |
||||||
| Sales ⓘ | 76.6 | 122 | 151 | 154 | 182 | 203 |
| Sales YoY Gr. | - | 59.7% | 23.4% | 1.9% | 18.2% | - |
| Adj EPS ⓘ | 0.7 | 3.1 | 4.8 | 8.5 | 3.9 | 4.5 |
| 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 ⓘ
| 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 | - | - | - | -43.8% | ||||
Key Financial Parameters ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 2.2 | 10.2 | 13.9 | 21.4 | 8.2 | 7.3 |
| 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 | 4.3 |
| 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 |
Valuation of Emerald Tyre Mfrs. - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 9.59 | 9.59 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Sales | 87 | 134 | 164 | 171 | 199 |
| Operating Expenses ⓘ + | 80 | 118 | 143 | 142 | 173 |
| Operating Profit ⓘ | 7 | 16 | 21 | 29 | 27 |
| Operating Profit Margin (%) | 7.9% | 11.7% | 12.8% | 16.9% | 13.5% |
| Other Income ⓘ + | 1 | 1 | 4 | 1 | 3 |
| Interest ⓘ | 7 | 7 | 9 | 9 | 10 |
| Depreciation ⓘ | 4 | 3 | 4 | 6 | 6 |
| Profit Before Tax ⓘ | -3 | 6 | 12 | 15 | 14 |
| Tax ⓘ | 1 | 2 | 3 | 3 | 4 |
| Profit After Tax | -3 | 5 | 9 | 12 | 10 |
| PAT Margin (%) | -3.8% | 3.6% | 5.5% | 6.8% | 5.2% |
| Adjusted EPS (₹) | -3.2 | 3.5 | 6.8 | 8.1 | 5.4 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 12.40% | 18.70% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 26 | 29 | 37 | 54 | 109 | ||||||
| Debt + | 54 | 62 | 66 | 69 | 70 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | ||||||
| Trade Payables | 12 | 15 | 18 | 20 | 27 | ||||||
| Others Liabilities ⓘ | 19 | 29 | 29 | 30 | 31 | ||||||
| Total Liabilities ⓘ | 112 | 136 | 150 | 174 | 237 | ||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 29 | 31 | 45 | 54 | 56 | ||||||
| CWIP ⓘ | 4 | 10 | 7 | 6 | 30 | ||||||
| Investments ⓘ | 0 | 1 | 1 | 1 | 1 | ||||||
| Inventories | 45 | 50 | 55 | 58 | 67 | ||||||
| Trade Receivables | 21 | 29 | 33 | 40 | 45 | ||||||
| Cash Equivalents | 1 | 1 | 2 | 4 | 16 | ||||||
| Others Assets ⓘ | 12 | 13 | 7 | 10 | 22 | ||||||
| Total Assets ⓘ | 112 | 136 | 150 | 174 | 237 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -17 | 12 | 15 | 12 | 8 |
| Cash Flow From Investing Activity ⓘ + | -1 | -12 | -15 | -12 | -32 |
| Cash Flow From Financing Activity ⓘ + | 18 | 2 | 1 | 1 | 35 |
| Net Cash Flow ⓘ | 1 | 2 | 1 | 2 | 12 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -15.4 | 19.22 | 27.07 | 25.65 | 12.77 | |||||
| ROCE (%) | 4.71 | 13.63 | 18.5 | 18.48 | 14.3 | |||||
| Asset Turnover Ratio | 0.78 | 1.08 | 1.15 | 1.06 | 0.97 | |||||
| PAT to CFO Conversion(x) | N/A | 2.4 | 1.67 | 1 | 0.8 | |||||
| Working Capital Days | ||||||||||
| Receivable Days | 88.50 | 68.40 | 68.70 | 78 | 78.30 | |||||
| Inventory Days | 188.90 | 129.50 | 117.20 | 121.20 | 114.40 | |||||
| Payable Days | 91.80 | 62.40 | 62.90 | 75.20 | 80.10 | |||||
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Emerald Tyre Manufacturers Ltd FAQs
The current trading price of Emerald Tyre Mfrs. 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 Mfrs. stood at ₹142.3 Cr
The latest P/E ratio of Emerald Tyre Mfrs. as of 31-Dec-1969 is 16.28.
The latest P/B ratio of Emerald Tyre Mfrs. as of 31-Dec-1969 is 1.18.
The 52-week high of Emerald Tyre Mfrs. 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 Mfrs. is ₹203 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Emerald Tyre Manufacturers Ltd is a average quality company.
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.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Emerald Tyre Manufacturers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Emerald Tyre Manufacturers Ltd
Emerald Tyre Manufacturers, established in 2002, has come to be recognized as one of the emerging global manufacturers in the industrial tyres segment, and has built an impeccable reputation as a reliable supplier and solution provider. A wide range of products to suit every need, time-tested product acceptance, long-standing presence in the market, ever expanding global footprint and a customer-centric approach - all these have made Emerald a preferred destination for Total Industrial Tyre-Wheel Solutions. Emerald’s network of trusted channel partners across many countries cater to some of the best-known OEMs and blue-chip corporates. The manufacturing facility of the company, located near the port city of Chennai, in Southern India, is ISO 9001:2015 certified. The plant systematically follows good manufacturing practices across the manufacturing cycle. Emrald’s dynamic production facility and comprehensive mould range, help deliver any product-mix within a short lead time. Manufacturing of a wide range of products under one roof makes the facility one of its kind in the world.
The company 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.
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
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