Price
Financials
Consolidated, Rs crore| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 99 | 101 | 105 | 113 |
| Expenses | 85 | 88 | 90 | 100 |
| Operating Profit | 14 | 13 | 15 | 13 |
| OPM % | 14% | 13% | 14% | 11% |
| Other Income | 2 | 1 | 4 | 3 |
| Interest | 5 | 5 | 6 | 8 |
| Depreciation | 3 | 3 | 3 | 4 |
| Profit before tax | 8 | 6 | 9 | 4 |
| Tax % | 23% | 32% | 19% | 38% |
| Net Profit | 6 | 4 | 8 | 3 |
| EPS in Rs | 4.40 | 2.08 | 3.88 | 1.42 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 85 | 87 | 134 | 164 | 171 | 199 | 218 |
| Expenses | 78 | 80 | 118 | 142 | 141 | 172 | 191 |
| Operating Profit | 6 | 7 | 16 | 21 | 30 | 27 | 27 |
| OPM % | 8% | 8% | 12% | 13% | 17% | 14% | 13% |
| Other Income | 4 | 1 | 1 | 2 | 0 | 3 | 7 |
| Interest | 9 | 7 | 7 | 9 | 9 | 10 | 14 |
| Depreciation | 4 | 4 | 3 | 4 | 6 | 6 | 7 |
| Profit before tax | -3 | -3 | 7 | 10 | 15 | 14 | 14 |
| Tax % | 2% | 29% | 30% | 30% | 21% | 27% | 25% |
| Net Profit | -3 | -4 | 5 | 7 | 12 | 10 | 10 |
| EPS in Rs | -5.48 | -5.60 | 7.07 | 11.19 | 8.07 | 5.36 | 5.30 |
| Dividend Payout % | -0% | -0% | -0% | -0% | 12% | 19% | 19% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 20% | 10% | 9% | ||
| Compounded Profit Growth | % | 37% | 12% | -2% | ||
| Stock Price CAGR | % | % | % | -40% | ||
| Return on Equity | % | 15% | 14% | 9% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 6 | 7 | 7 | 14 | 19 | 19 |
| Reserves | 17 | 15 | 19 | 28 | 40 | 90 | 96 |
| Borrowings | 63 | 69 | 75 | 85 | 87 | 88 | 136 |
| Other Liabilities | 25 | 22 | 34 | 29 | 33 | 40 | 35 |
| Total Liabilities | 111 | 112 | 135 | 148 | 174 | 237 | 286 |
| Fixed Assets | 33 | 29 | 31 | 45 | 54 | 56 | 130 |
| CWIP | 3 | 4 | 10 | 7 | 6 | 30 | -0 |
| Investments | 0 | 0 | 0 | 0 | 1 | 1 | 6 |
| Other Assets | 74 | 79 | 93 | 96 | 112 | 150 | 150 |
| Total Assets | 111 | 112 | 135 | 148 | 174 | 237 | 286 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 2 | -1 | 9 | 12 | 12 | 8 | 21 |
| Cash from Investing Activity | 1 | -2 | -15 | -14 | -12 | -32 | -58 |
| Cash from Financing Activity | -4 | 4 | 5 | 2 | 1 | 35 | 32 |
| Net Cash Flow | -1 | 1 | -1 | 1 | 2 | 12 | -5 |
| Free Cash Flow | 1 | -2 | -3 | -3 | -2 | -23 | -30 |
| CFO/OP | 40% | -10% | 70% | 67% | 53% | 44% | 93% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 72 | 89 | 75 | 68 | 86 | 83 | 90 |
| Inventory Days | 375 | 347 | 234 | 208 | 227 | 212 | 220 |
| Days Payable | 120 | 100 | 77 | 67 | 78 | 85 | 61 |
| Cash Conversion Cycle | 327 | 336 | 232 | 209 | 235 | 209 | 250 |
| Working Capital Days | 37 | 55 | 23 | 13 | 27 | 25 | 50 |
| ROCE % | 5% | 14% | 17% | 19% | 14% | 12% |
| Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Promoters | 50.31% | 50.31% | 50.31% | 50.31% |
| FIIs | 8.11% | 2.32% | 0.84% | 0.00% |
| DIIs | 13.59% | 10.23% | 9.16% | 9.16% |
| Public | 27.99% | 37.13% | 39.69% | 40.53% |
| No. of Shareholders | 2,113 | 1,251 | 1,149 | 1,119 |
Fundamentals
Market Cap₹ 146 Cr.
Current Price₹ 75.2
Stock P/E14.2
Book Value₹ 59.2
ROCE12.3 %
ROE9.19 %
Dividend Yield1.33 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)9%
Compounded Profit Growth (TTM)-2%
Consolidated figures.
Valuation
Market capRs 142 Cr
Enterprise valueRs 226 Cr
P/E (TTM)19.38x
Price to book4.13x
Price to sales0.87x
EV / EBITDA9.74x
EV / EBIT11.79x
EV / sales1.38x
Price to cash flow12.03x
Earnings yield5.16%
Profitability
Operating margin (excl. other income)13.10%
Operating margin (incl. other income)14.17%
EBITDA margin14.17%
Pre-tax margin6.38%
Net profit margin4.48%
ROE24.41%
ROCE17.44%
ROA5.19%
ROE, 3-year average9.39%
ROCE, 3-year average12.03%
ROA, 3-year average1.93%
ROIC (approx.)11.39%
Tax rate29.76%
Other income / net worth5.11%
Growth
Sales growth (latest year)22.60%
Profit growth (latest year)58.19%
Sales CAGR, 3 years24.49%
Per share
EPS (TTM)Rs 3.77
EPS (latest year)Rs 11.19
EPS, 3-year averageRs 4.22
Book value per shareRs 17.69
Sales per shareRs 84.09
Cash flow per shareRs 6.07
Free cash flow per shareRs -15.40
Efficiency
Asset turnover1.11x
Fixed asset turnover3.61x
Inventory turnover2.01x
Inventory days181 days
Debtor days68 days
Debtors turnover5.40x
Creditor days61 days
Cash conversion cycle250 days
Working capital days50 days
Leverage
Total debtRs 85 Cr
Cash and bankRs 1 Cr
Net debtRs 84 Cr
Debt to equity2.46x
Net debt / EBITDA3.61x
Interest coverage2.20x
Owners' fund to total sources23.25%
Debt to assets57.14%
Cash flow
Cash from Operating Activity (latest year)Rs 12 Cr
Cash from Investing Activity (latest year)Rs -14 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs 1 Cr
Free cash flow (latest year)Rs -30 Cr
FCFE (approx.: FCF + change in debt)Rs -20 Cr
Cash from ops / profit, 5 years1.41x
Sales to cash flow13.84x
Statement figures
Net sales (TTM)Rs 164 Cr
Net sales (latest year)Rs 164 Cr
Operating profit excl. other income (latest year)Rs 21 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 23 Cr
PBDT (TTM)Rs 14 Cr
Profit before tax (TTM)Rs 10 Cr
Tax (latest year)Rs 3 Cr
Net profit (TTM)Rs 7 Cr
Net profit (latest year)Rs 7 Cr
Depreciation (TTM)Rs 4 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 111 Cr
Total expenditure (latest year)Rs 142 Cr
Total income (latest year)Rs 166 Cr
Share capitalRs 7 Cr
ReservesRs 28 Cr
Shareholders' fundsRs 34 Cr
Total assetsRs 148 Cr
Net blockRs 45 Cr
Capital work in progressRs 7 Cr
InvestmentsRs 0 Cr
ReceivablesRs 30 Cr
InventoryRs 55 Cr
Other liabilitiesRs 29 Cr
Shares outstanding (crore)1.95
Ownership
Promoter holding50.31%
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | ETML | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.8% | -2.8% | -6.0 pts |
| 1 month | -11.8% | -6.8% | -5.0 pts |
| 3 months | -20.7% | -7.6% | -13.1 pts |
| 6 months | -21.4% | +0.4% | -21.8 pts |
| 1 year | -47.8% | -9.9% | -37.9 pts |
Red flags
F-score 7 of 8No red flags in the latest statements and filings.
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
No quarterly results published.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| MRF Ltd | 52,200 | 21.2 | 15.7 % |
| Balkrishna Industries Ltd | 41,103 | 29.2 | 11.2 % |
| Apollo Tyres Ltd | 25,833 | 12.1 | 13.9 % |
| CEAT Ltd | 13,106 | 20.6 | 19.2 % |
| JK Tyre & Industries Ltd | 9,652 | 13.4 | 15.5 % |
| TVS Srichakra Ltd | 3,391 | 33.1 | 7.85 % |
| Goodyear India Ltd | 1,627 | 26.5 | 17.4 % |
| Megamont Ltd | 589 | 66.8 | 23.0 % |
| Tolins Tyres Ltd | 341 | 10.5 | 13.0 % |
| Modi Rubber Ltd | 311 | 31,073 | 0.71 % |
| Indag Rubber Ltd | 265 | 19.3 | 5.07 % |
| Dolfin Rubbers Ltd | 175 | 28.1 | 14.0 % |
| Viaz Tyres Ltd | 121 | 23.0 | 13.0 % |
| Innovative Tyres & Tubes Ltd | 62 | 1.09 % | |
| Tirupati Innovar Limited | 46 | 70.4 | 1.44 % |
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.
Less than 100 unique PAN traded in previous 30 daysSME scrip is not regularly traded
Quick answers
What is the market cap of Emerald Tyre Manufacturers Ltd?
Emerald Tyre Manufacturers Ltd (ETML) has a market capitalisation of Rs 146 Cr. at the 2026-10-01 close.
What is the P/E ratio of Emerald Tyre Manufacturers Ltd?
Emerald Tyre Manufacturers Ltd trades at a P/E of 14.2 on trailing twelve-month profit, at the 2026-10-01 close.
What is the 52-week high and low of Emerald Tyre Manufacturers Ltd?
The 52-week high is Rs 131.20 and the 52-week low is Rs 70.00.