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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

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
Key Metrics
Valuation Multiples
Market Cap
₹164 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹4.5
TTM Sales
₹203 Cr.
Book Value per Share
₹61.8
P/E Ratio
18.80
Lower than its 5-year historical median
Industry PE
22.5
Price to Book (P/B)
1.37
Lower than its 5-year historical median
Price to Sales (P/S)
0.81
Lower than its 5-year historical median
EV/EBITDA
7.25
Lower than its 5-year historical median
Dividend Yield
INF%
Profitability Efficiency
Return on Equity (ROE)
10.01%
Underperforms industry median
Return on Capital Employed (ROCE)
13.00%
In line with industry median
Return on Assets (ROA)
4.55%
Operating Profit Margin
13.8%
Net Profit Margin
5.13%
Gross Profit Margin
10.5%
Growth Momentum
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
-10.93%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-27%
Asset Quality
Promoter Holding
50.31%
Pledged shares (%) of Promoter's holding (%)
9.59%
Reserves
₹101 Cr.
Equity
₹19.5 Cr.
Face Value
₹10
All Time Low / High
- / -

Emerald Tyre Manufacturers stock performance

Key Ratios
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Quality

Not Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Emerald Tyre Manufacturers Ltd a good quality company?
Emerald Tyre Manufacturers Ltd is a weak quality company, based on a inconsistent 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.

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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.

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How does Emerald Tyre Manufacturers Ltd performance compare with that of its Peers?
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 9.77%, indicating slower growth and losing its market share.
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 Stock return of Emerald Tyre Manufacturers Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -26.9% based on the current price.
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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 end

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

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 not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % ⓘ9.2%12.3%17.2%18.5%13%-
Value Creation
Index ⓘ		-0.3-0.10.20.3-0.1-

Growth Parameters ⓘ
Sales ⓘ76.6122151154182203
Sales YoY Gr.-59.7%23.4%1.9%18.2%-
Adj EPS ⓘ0.73.14.88.53.94.5
YoY Gr.-358.2%55.1%78.8%-53.7%-
BVPS (₹) ⓘ26.830.937.545.561.861.8
Adj Net
Profit ⓘ		0.846.312.37.79
Cash Flow from Ops. ⓘ-0.611.511.920.93.4-
Debt/CF from Ops. ⓘ-95.75.96.63.623.3-

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Sales ⓘNANA14.1%18.2%
Adj EPS ⓘNANA8.7%-53.7%
BVPSⓘNANA26%35.7%
Share Price - - - -30.9%

Key Financial Parameters ⓘ

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		2.210.213.921.48.27.3
Op. Profit
Mgn % ⓘ		1512.313.618.313.8NAN
Net Profit
Mgn % ⓘ		1.13.34.184.24.3
Debt to
Equity ⓘ		1.51.71.61.10.7-
Working Cap
Days ⓘ		02512262372370
Cash Conv.
Cycle ⓘ		01751581661540

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales77122151154182
Operating Expenses ⓘ + 65107130126157
Manufacturing Costs68111217
Material Costs45799588108
Employee Cost 810151821
Other Costs ⓘ 61010810
Operating Profit ⓘ 1115212825
Operating Profit Margin (%) 15.0%12.3%13.6%18.3%13.8%
Other Income ⓘ + 11423
Exceptional Items ⓘ 0000-0
Interest ⓘ 76999
Depreciation ⓘ 43456
Profit Before Tax ⓘ 26121613
Tax ⓘ 12334
Profit After Tax 249139
PAT Margin (%) 2.0%3.6%5.8%8.3%5.1%
Adjusted EPS (₹)0.73.26.68.84.8
Dividend Payout Ratio (%)0%0%0%11.30%20.90%

Valuation of Emerald Tyre Mfrs. - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 39414966120
Share Capital ⓘ 11771419
Reserves ⓘ 27344351101
Debt +4856615763
Long Term Debt1622232015
Short Term Debt3233393748
Minority Interest00000
Trade Payables1215182027
Others Liabilities ⓘ 1828283028
Total Liabilities ⓘ 116139156173237

Fixed Assets

Net Fixed Assets ⓘ +2931455456
Gross Block7681100114121
Accumulated Depreciation4751556066
CWIP ⓘ 4107630
Investments ⓘ 56666
Inventories3843475057
Trade Receivables3036424554
Cash Equivalents 112213
Others Assets ⓘ 10127821
Total Assets ⓘ 116139156173237

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ + -11112213
PBT ⓘ 26121613
Adjustment ⓘ 10991412
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 0000-0
Others ⓘ 00000
Cash Flow From Financing Activity ⓘ + 113-639
Net Proceeds from Shares ⓘ 430445
Net Proceeds from Borrowing ⓘ 3100-6
Interest Paid ⓘ -7-6-9-9-9
Dividend Paid ⓘ 0-000-1
Others ⓘ 1412-210
Net Cash Flow ⓘ 111011

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.6511.8719.3422.1810.01
ROCE (%)9.2412.2517.1618.4613
Asset Turnover Ratio0.660.961.020.940.89
PAT to CFO Conversion(x)-0.52.751.331.620.33
Working Capital Days
Receivable Days143.3098.3094.40103.7099.70
Inventory Days179.30120108.70115.30107
Payable Days95.6061.5062.6078.8079.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.009.599.59
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

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 ₹164.3 Cr

The latest P/E ratio of Emerald Tyre Mfrs. as of 31-Dec-1969 is 18.80.

The latest P/B ratio of Emerald Tyre Mfrs. as of 31-Dec-1969 is 1.37.

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 below 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 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.

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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