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Eastern Treads Ltd. Stock Analysis

Small Cap
Evaluated by 205 users | BSE: 531346 | NSE: |
Rubber Products
Eastern Treads an ISO 9001-2000 certified public limited company. It is engaged in the manufacturing of quality pre-cured tread, cushion/bonding, gum and black vulcanizing cement. The company is taking its quality statement forward on the road to success.The company is a professionally run...

Analysis of Financial Track Record

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.
Value Creation
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 11.31%11%8.96%8.25%9.94%7.29%16.77%11.25%-0.02%2.28%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 49.266.7856589.387.687.690.694.497.5
Y-o-Y Gr. Rt.-35.6%27.6%-23.6%37.3%-1.8%-0%3.4%4.2%3.3%
Adjusted EPS (Rs.) 1.992.291.91.912.931.616.522.52-4.38-3.26
Y-o-Y Gr. Rt.-15.1%-17%0.5%53.4%-45.1%305%-61.4%-273.8%NA
Book Value per Share (Rs.) -0.791.984.136.349.4611.8617.1823.6918.5814.94
Adjusted Net Profit 1.11.31.11.11.60.83.41.3-2.3-1.7
Net Op. Cash Flow (Rs. Cr.) 0.7-3.30.52.7-3.85.85.6-0.53.51.7
Debt to Cash Flow from Ops 2.93-1.912.951.63-3.111.61.29-43.887.3716.41
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
Eastern Treads Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales 7.9%1.8%3.6%3.3%
Adjusted EPS -205.6%-202.2%-179.4%NA
Book Value per Share 09.6-4.6-19.6
Share Price 14.1% -10.1% -30.7% 4.5%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Mar'10Mar'11Mar'12Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 12.0312.229.118.3411.565.3419.198.3-20.41-19.08
Operating Profit Margin (%) 3.393.342.694.054.223.198.646.52.833.98
Net Profit Margin (%) 2.261.921.251.641.840.963.891.45-2.43-1.75
Debt to Equity 0.220.570.480.330.790.570.381.72.613.56
Working Capital Days 5670759590107106122133132
Cash Conversion Cycle 33272942424535576971
Entity Percentage Holding
Promoters 65.45%
Non-Institutions 34.55%
Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of Eastern Treads's performance infers:

Eastern Treads earnings have declined by -202.2%, whereas share price has depreciated -10.1% CAGR over the past five years, indicating the company's share price is likely overvalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of Eastern Treads share prices over the last 10 years. Here is what we found out:

Eastern Treads share price has depreciated 7.2% annually over the past ten years.

Eastern Treads an ISO 9001-2000 certified public limited company. It is engaged in the manufacturing of quality pre-cured tread, cushion/bonding, gum and black vulcanizing cement. The company is taking its quality statement forward on the road to success.

The company is a professionally run organization with a focus on corporate governance. It gives direct/indirect employment to 300 people. It has a good network of branches at all-India level.

Products of the

Eastern Treads an ISO 9001-2000 certified public limited company. It is engaged in the manufacturing of quality pre-cured tread, cushion/bonding, gum and black vulcanizing cement. The company is taking its quality statement forward on the road to success.

The company is a professionally run organization with a focus on corporate governance. It gives direct/indirect employment to 300 people. It has a good network of branches at all-India level.

Products of the company

  • Tread Rubber
  • Eastern Range of Repair Patches
  • Eastern Hot Rubber- Slab and Camel Back Treads
  • Bonding Gum and Black Vulcanising Cement

Certification

Eastern Treads has achieved the ISO 9001-2000 certification from AQA.

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719
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