Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 15.44 | 14.79 | 14.77 | 14.20 | 14.24 | 16.06 | 15.73 | 16.65 | 16.13 | 16.18 | 13.45 | 14.05 |
| Expenses | 15.28 | 14.16 | 14.64 | 14.79 | 14.92 | 15.78 | 15.61 | 16.14 | 15.90 | 15.45 | 14.13 | 13.32 |
| Operating Profit | 0.16 | 0.63 | 0.13 | -0.59 | -0.68 | 0.28 | 0.12 | 0.51 | 0.23 | 0.73 | -0.68 | 0.73 |
| OPM % | 1.04% | 4.26% | 0.88% | -4.15% | -4.78% | 1.74% | 0.76% | 3.06% | 1.43% | 4.51% | -5.06% | 5.20% |
| Other Income | 0.03 | 0.16 | 0.04 | 0.01 | 0.07 | 0.04 | 0.27 | 0.13 | 0.09 | 0.09 | 2.09 | 0.11 |
| Interest | 0.79 | 0.64 | 0.75 | 0.62 | 0.57 | 0.61 | 0.67 | 0.59 | 0.67 | 0.50 | 0.63 | 0.82 |
| Depreciation | 0.33 | 0.28 | 0.23 | 0.22 | 0.22 | 0.20 | 0.19 | 0.19 | 0.18 | 0.18 | 0.19 | 0.18 |
| Profit before tax | -0.93 | -0.13 | -0.81 | -1.42 | -1.40 | -0.49 | -0.47 | -0.14 | -0.53 | 0.14 | 0.59 | -0.16 |
| Tax % | -2.15% | -15.38% | -13.58% | -2.11% | -32.86% | -4.08% | -51.06% | 0.00% | 0.00% | 0.00% | -5.08% | 0.00% |
| Net Profit | -0.90 | -0.11 | -0.71 | -1.40 | -0.94 | -0.47 | -0.23 | -0.14 | -0.53 | 0.15 | 0.61 | -0.16 |
| EPS in Rs | -1.72 | -0.21 | -1.36 | -2.68 | -1.80 | -0.90 | -0.44 | -0.27 | -1.01 | 0.29 | 1.17 | -0.31 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 84.45 | 90.59 | 94.38 | 97.46 | 77.45 | 66.60 | 72.28 | 59.84 | 59.53 | 60.24 | 62.41 | 59.81 |
| Expenses | 76.88 | 84.69 | 91.70 | 93.59 | 73.18 | 62.55 | 77.48 | 62.72 | 58.70 | 61.11 | 61.63 | 58.80 |
| Operating Profit | 7.57 | 5.90 | 2.68 | 3.87 | 4.27 | 4.05 | -5.20 | -2.88 | 0.83 | -0.87 | 0.78 | 1.01 |
| OPM % | 8.96% | 6.51% | 2.84% | 3.97% | 5.51% | 6.08% | -7.19% | -4.81% | 1.39% | -1.44% | 1.25% | 1.69% |
| Other Income | 0.11 | 0.70 | 0.22 | 0.48 | 0.33 | 0.49 | 0.34 | 0.08 | 0.24 | 0.39 | 2.40 | 2.38 |
| Interest | 1.38 | 2.97 | 3.27 | 3.61 | 3.23 | 3.31 | 3.20 | 3.23 | 2.97 | 2.46 | 2.38 | 2.62 |
| Depreciation | 1.16 | 1.82 | 2.11 | 2.63 | 2.47 | 2.12 | 1.83 | 1.65 | 1.22 | 0.84 | 0.74 | 0.73 |
| Profit before tax | 5.14 | 1.81 | -2.48 | -1.89 | -1.10 | -0.89 | -9.89 | -7.68 | -3.12 | -3.78 | 0.06 | 0.04 |
| Tax % | 33.66% | 27.07% | -7.26% | -9.52% | 2.73% | -35.96% | -2.12% | -5.86% | -5.45% | -19.84% | -50.00% | |
| Net Profit | 3.41 | 1.32 | -2.29 | -1.71 | -1.12 | -0.57 | -9.68 | -7.23 | -2.95 | -3.03 | 0.09 | 0.07 |
| EPS in Rs | 6.52 | 2.52 | -4.38 | -3.27 | -2.14 | -1.09 | -18.50 | -13.82 | -5.64 | -5.79 | 0.17 | 0.14 |
| Dividend Payout % | 15.39% | 20.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | -3% | -1% | 1% | -5% | ||
| Compounded Profit Growth | % | % | 20% | -11% | ||
| Stock Price CAGR | -14% | -8% | -7% | -2% | ||
| Return on Equity | % | % | % | % |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 |
| Reserves | 0.97 | 3.76 | 7.16 | 4.49 | 2.58 | 1.40 | 0.85 | -4.92 | -12.27 | -15.07 | -18.20 | -18.04 |
| Borrowings | 19.34 | 17.27 | 21.35 | 25.88 | 28.44 | 33.55 | 33.17 | 32.70 | 33.60 | 30.97 | 33.34 | 33.09 |
| Other Liabilities | 10.25 | 13.32 | 19.54 | 20.10 | 19.21 | 14.12 | 13.68 | 13.88 | 10.86 | 14.09 | 13.16 | 15.03 |
| Total Liabilities | 35.97 | 39.76 | 53.46 | 55.88 | 55.64 | 54.48 | 53.11 | 47.07 | 37.60 | 35.40 | 33.71 | 35.49 |
| Fixed Assets | 8.82 | 11.08 | 15.96 | 15.89 | 16.87 | 14.33 | 12.00 | 16.03 | 14.29 | 13.51 | 12.27 | 12.52 |
| CWIP | 0.35 | 0.26 | 0.36 | 2.53 | 0.18 | 0.16 | 0.24 | 0.17 | 0.00 | 0.00 | 0.16 | 1.38 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.04 |
| Other Assets | 26.80 | 28.42 | 37.14 | 37.46 | 38.56 | 39.96 | 40.84 | 30.87 | 23.31 | 21.89 | 21.28 | 21.55 |
| Total Assets | 35.97 | 39.76 | 53.46 | 55.88 | 55.64 | 54.48 | 53.11 | 47.07 | 37.60 | 35.40 | 33.71 | 35.49 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 5.82 | 5.62 | -0.49 | 3.51 | 2.00 | -1.32 | 4.46 | 1.40 | 4.80 | 2.90 | 0.46 | 2.40 |
| Cash from Investing Activity | -2.34 | -3.41 | -4.12 | -4.25 | -1.24 | -1.31 | -0.56 | 2.62 | -0.17 | 0.26 | -0.13 | -2.24 |
| Cash from Financing Activity | -2.80 | -2.65 | 5.24 | 1.02 | -1.03 | 1.87 | -3.65 | -3.65 | -4.95 | -2.90 | -0.09 | -0.57 |
| Net Cash Flow | 0.68 | -0.43 | 0.63 | 0.28 | -0.27 | -0.76 | 0.25 | 0.36 | -0.32 | 0.25 | 0.24 | -0.41 |
| Free Cash Flow | 3.48 | 2.21 | -4.66 | -0.76 | 0.75 | -1.21 | 4.71 | 1.32 | 4.59 | 2.91 | 0.01 | 0.22 |
| CFO/OP | 239% | 97% | 4% | 144% | 52% | -30% | 111% | -28% | -167% | 349% | -53% | 308% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 40.06 | 50.27 | 96.74 | 99.27 | 99.36 | 121.31 | 140.63 | 100.95 | 79.66 | 74.13 | 71.25 | 74.68 |
| Inventory Days | 47.33 | 51.70 | 56.85 | 42.33 | 45.76 | 74.90 | 87.16 | 52.12 | 64.56 | 67.92 | 49.97 | 56.45 |
| Days Payable | 42.15 | 55.97 | 71.77 | 76.89 | 67.21 | 63.64 | 75.29 | 52.19 | 54.63 | 89.90 | 76.78 | 95.19 |
| Cash Conversion Cycle | 45.24 | 46.00 | 81.83 | 64.71 | 77.91 | 132.56 | 152.49 | 100.88 | 89.59 | 52.15 | 44.44 | 35.95 |
| Working Capital Days | 30.09 | 40.71 | 20.51 | -1.70 | -3.75 | -7.92 | 13.32 | 8.89 | -59.04 | -89.09 | -115.43 | -90.07 |
| ROCE % | 11.01% | 25.00% | 15.84% | 2.27% | 4.76% | 5.55% | 6.07% | -18.42% | -14.85% | -0.62% | -6.31% | 1.90% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 65.66% | 65.66% | 66.25% | 66.25% | 66.25% | 65.78% | 65.74% | 65.73% | 65.48% | 65.48% | 65.48% | 65.48% |
| Public | 34.33% | 34.33% | 33.73% | 33.73% | 33.74% | 34.21% | 34.25% | 34.26% | 34.51% | 34.52% | 34.52% | 34.52% |
| No. of Shareholders | 1,858 | 1,847 | 1,969 | 2,047 | 2,084 | 2,141 | 2,177 | 2,204 | 2,256 | 2,261 | 2,362 | 2,382 |
Fundamentals
Market Cap₹ 16.1 Cr.
Current Price₹ 30.8
Book Value₹ -24.1
ROCE1.90 %
ROE%
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-5%
Compounded Profit Growth (TTM)-11%
Standalone figures.
Valuation
Market capRs 16 Cr
Enterprise valueRs 48 Cr
P/E (TTM)228.71x
Price to book-1.27x
Price to sales0.27x
EV / EBITDA14.20x
EV / EBIT18.10x
EV / sales0.80x
Price to cash flow6.67x
Earnings yield0.44%
P/E, 3-year average169.59x
P/B, 3-year average-1.58x
P/E, 5-year average169.59x
P/B, 5-year average7.16x
Profitability
Operating margin (excl. other income)1.25%
Operating margin (incl. other income)5.10%
EBITDA margin5.67%
Pre-tax margin0.07%
Net profit margin0.12%
Net margin, latest quarter-1.14%
ROE-0.71%
ROCE11.90%
ROA0.26%
ROE, 3-year average20.67%
ROCE, 3-year average1.66%
ROA, 3-year average-5.53%
ROE, 5-year average0.44%
ROCE, 5-year average-5.66%
ROA, 5-year average-10.60%
ROIC (approx.)20.46%
Tax rate-50.00%
Other income / net worth-19.00%
Growth
Sales growth (latest year)3.60%
Sales CAGR, 3 years1.41%
Sales CAGR, 5 years-1.29%
Sales growth QoQ4.46%
Profit growth QoQ-126.23%
Sales growth YoY (latest quarter)-15.62%
Per share
EPS (TTM)Rs 0.13
EPS (latest year)Rs 0.17
EPS (latest quarter)Rs -0.30
EPS, 3-year averageRs -3.63
EPS, 5-year averageRs -8.43
Book value per shareRs -23.34
Sales per shareRs 110.51
Cash flow per shareRs 4.43
Free cash flow per shareRs 0.41
Efficiency
Asset turnover1.76x
Fixed asset turnover4.98x
Inventory turnover6.47x
Inventory days56 days
Debtor days75 days
Debtors turnover4.89x
Creditor days95 days
Cash conversion cycle36 days
Working capital days-90 days
Leverage
Total debtRs 33 Cr
Cash and bankRs 1 Cr
Net debtRs 32 Cr
Debt to equity-2.62x
Net debt / EBITDA9.48x
Interest coverage1.02x
Owners' fund to total sources-35.59%
Debt to assets93.24%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -2 Cr
Cash from Financing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Sales to cash flow26.00x
Statement figures
Net sales (TTM)Rs 60 Cr
Net sales (latest year)Rs 62 Cr
Sales (latest quarter)Rs 14 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs 1 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 3 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 0 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs 0 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 3 Cr
Cost of goods sold (latest year)Rs 41 Cr
Total expenditure (latest year)Rs 62 Cr
Total income (latest year)Rs 65 Cr
Share capitalRs 5 Cr
ReservesRs -18 Cr
Shareholders' fundsRs -13 Cr
Total assetsRs 35 Cr
Net blockRs 13 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 0 Cr
ReceivablesRs 13 Cr
InventoryRs 6 Cr
Other liabilitiesRs 15 Cr
Shares outstanding (crore)0.54
Ownership
Promoter holding65.48% (-0.25 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 531346 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -4.5% | -2.8% | -1.7 pts |
| 1 month | -3.0% | -6.8% | +3.8 pts |
| 3 months | +3.8% | -7.6% | +11.4 pts |
| 3 years | -21.9% | +14.2% | -36.1 pts |
| 5 years | -35.6% | +27.9% | -63.4 pts |
Red flags
F-score 7 of 8| serious | Negative equity Shareholders' equity is negative |
| explain | Low interest cover Interest cover 1.0x in 2026 |
| look | Profit leans on other income Other income was 4000% of pre-tax profit in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹14 Cr -15.6% vs Jun 2025.
Net loss ₹0 Cr.
Activity
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| Dolfin Rubbers Ltd | 175 | 28.1 | 14.0 % |
| Emerald Tyre Manufacturers Ltd | 146 | 14.2 | 12.3 % |
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| Innovative Tyres & Tubes Ltd | 62 | 1.09 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Eastern Treads Ltd?
Eastern Treads Ltd (531346) has a market capitalisation of Rs 16.1 Cr. at the 2026-10-01 close.
What were Eastern Treads Ltd's latest quarterly results?
In the Jun 2026 quarter, Eastern Treads Ltd sales was Rs 14 Cr (-15.6% vs Jun 2025) with a net loss of Rs 0 Cr.