Overview

Detailed Summary

Eastern Treads Ltd is primarily engaged in manufacturing tread rubber, adhesives, and providing tyre retreading services.
The company expanded its brand presence by establishing model retreading centers in Bengaluru and Chennai for product demonstrations, enhancing brand image.
In 2019-20, the company acquired Shipnext Solutions Private Limited, marking its entry into logistics technology, showcasing ambition to diversify and strengthen its business.
In 2022-23, Eastern Treads initiated comprehensive tyre management services, collaborating with fleets to minimize exposure to cost fluctuations, indicating strategic evolution beyond manufacturing.
The company's extensive nationwide branch network underlines its strong distribution capabilities and commitment to market penetration across India.

Sector: Auto Components
Industry: Tyres & Rubber Products
Market Cap: 14 Cr
Volatility: Low Risk
P/E Ratio: -1.6
Industry P/E: 36.5
PEG Ratio: —
P/B Ratio: —
52W High: 39.00
52W Low: 25.04

Sales CAGR

1Y: 8.53%
3Y: -5.89%
5Y: -4.90%
10Y: -4.68%

Profit CAGR

1Y: -875.51%
3Y: —
5Y: —
10Y: —

ROE

TTM: 10.18%
3Y: 45.06%
5Y: 104.00%
10Y: -70.39%

ROCE

TTM: 4.23%
3Y: -331.73%
5Y: -26.88%
10Y: 4.13%

Technicals

‌

Forecasts

Peers

Consumer Discretionary Auto Components Tyres & Rubber Products

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
DOLFIN		183.00	186 Cr	32.05	5.20	0.00	12.91	12.12	7.07
ITTL		103.20	103 Cr	-6.44	0.00	0.00	98.35	-45.27	-29.03
MMRUBBR-B		68.00	44 Cr	-30.91	8.45	0.00	-22.80	-6.35	-4.28
COCHMAL		134.00	25 Cr	4.49	0.00	0.00	-75.27	67.27	77.72
VAMSHIRU		40.16	18 Cr	13.30	1.19	0.00	6.21	7.39	2.03
TTIL		7.28	18 Cr	9.10	0.31	0.00	5.31	6.55	2.67
EASTRED		27.20	14 Cr	-1.55	0.00	0.00	10.18	4.23	-2.10
Median: 7 Co.	—	68.00	25 Cr	4.49	0.31	0.00	6.21	6.55	2.03

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022
Sales	20	16	14	18	19	19	17	21	16	21
Expenses	19	15	14	17	17	18	18	21	17	24
Operating Profit	0.97	0.64	0.52	1.14	1.78	0.69	-0.59	-0.84	-1.10	-2.90
OPM %	4.79	4.08	3.70	6.40	9.35	3.65	-3.46	-4.07	-7.05	-13.63
Other Income	0.06	0.08	0.03	0.06	0.19	0.15	0.01	0.11	0.08	0.08
Interest	0.83	0.86	0.84	1.05	0.65	0.81	0.78	0.87	0.85	0.73
Depreciation	0.64	0.58	0.60	0.60	0.43	0.51	0.50	0.47	0.44	0.43
Profit Before Tax	-0.44	-0.71	-0.89	-0.45	0.88	-0.47	-1.85	-2.07	-2.31	-3.97
Tax %	13.64	-23.94	7.87	6.67	-5.68	34.04	3.24	3.38	2.16	0.76
Net Profit	-0.38	-0.88	-0.82	-0.42	0.94	-0.31	-1.79	-2.00	-2.26	-3.94
EPS in Rs	-0.64	-1.61	-1.57	-0.77	1.64	-0.83	-3.16	-4.09	-2.76	-7.53

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Sales	95	97	78	67	72	75
Expenses	92	94	74	63	77	80
Operating Profit	3.68	3.79	4.01	4.05	-5.20	-5.43
OPM %	3.86	3.89	5.12	6.08	-7.19	-7.28
Other Income	0.22	0.47	0.24	0.49	0.34	0.28
Interest	3.27	3.62	3.25	3.31	3.20	3.23
Depreciation	2.11	2.64	2.50	2.12	1.83	1.84
Profit Before Tax	-2.48	-2.00	-1.50	-0.89	-9.89	-10
Tax %	7.40	9.32	-1.51	35.80	2.14	2.06
Net Profit	-2.29	-1.82	-1.53	-0.57	-9.68	-9.99
EPS in Rs	—	—	-2.57	-1.53	-17.54	-17.54
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	5.41	5.41	5.41	5.41	5.41
Reserves	4.49	2.52	1.12	0.35	-4.93
Borrowings	24	28	33	34	33
Other Liabilities	22	20	15	14	14
Total Liabilities	56	56	55	55	47
Fixed Assets	16	17	15	12	16
CWIP	2.53	0.43	1.12	1.71	0.17
Investments	0.00	0.00	0.00	0.00	0.00
Other Assets	37	38	39	41	31
Total Assets	56	56	55	55	47

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Cash from Operating Activity	3.51	1.74	-1.68	3.36	1.40
Cash from Investing Activity	-4.25	-1.23	-0.84	-0.39	2.53
Cash from Financing Activity	1.02	-0.77	1.77	-2.64	-3.65
Net Cash Flow	0.28	-0.27	-0.75	0.32	0.27

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	65.67%	65.67%	65.67%	66.26%	66.26%	66.26%	65.78%	65.75%	65.74%	65.48%	65.48%	65.48%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	34.33%	34.33%	34.33%	33.74%	33.74%	33.74%	34.22%	34.25%	34.26%	34.52%	34.52%	34.52%
Total Shareholders	1,875	1,858	1,847	1,969	2,047	2,084	2,141	2,177	2,204	2,256	2,261	2,362

Market Transactions

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Projection

Documents

Presentations

Concalls

Reports

Presentations

Investor Presentation

Q3 FY20

Investor Presentation

Q2 FY20

Investor Presentation

Q1 FY20

Available on Pro Plan