Emerald Tyre Manufacturers Ltd.

•

emeraldtyres.comBSE: -NSE: ETML

Market Cap₹ 157 Cr.

Current Price

High / Low₹ 138 / 72

Stock P/E15.2

Book Value₹ 56

Price to Book1.84

Dividend Yield1.24 %

ROCE14.3 %

ROE12.8 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Automobile and Auto Components

Buy

Domestic auto demand remains strong across categories, with total vehicles registered up 27% YoY (2026-07), passenger vehicle sales up 14% YoY (2026-06), 2-wheelers up 23% YoY (2026-06), and tractor sales up 18% YoY (2026-07). Core demand is reinforced by vehicle sales of 395199 units (Jul/26) and car registrations of 457810 units (Jul/26), outweighing FPI outflows of INR -11826 crore over 3 months to 2026-08-31. The stance stays positive because fundamentals are stronger than positioning.

Confidence

74%

View full sector analysis →

PROS

Company has a good return on equity (ROE) track record: 3 Years ROE 21.8%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.13x)
Attractively priced for its growth - PEG of 0.5

CONS

Equity base is being diluted - shares outstanding up 196.9%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Automobile and Auto ComponentsAutomobile & AncillariesTyres & Allied

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	MRF	128476.05	22.56	54488.53	0.18	495.35	-1.02	8415.50	9.64	16.04	11.77
2.	BALKRISIND	2208.00	30.37	42684.44	0.72	450.77	56.35	3455.27	25.19	12.38	21.54
3.	APOLLOTYRE	421.95	15.69	26798.08	1.42	348.87	2609.05	7397.79	12.76	9.22	11.73
4.	CEATLTD	3294.00	22.60	13324.26	1.06	4.00	-96.44	4318.00	22.34	18.60	8.57
5.	JKTYRE	356.50	15.78	10277.52	1.12	44.09	-73.01	3946.24	2.00	14.30	6.58
6.	TVSSRICHAK	5174.45	42.89	3962.10	0.73	34.02	165.16	1067.61	30.29	4.80	7.57
7.	GOODYEAR	729.20	31.21	1682.01	3.63	6.51	-53.86	774.35	18.00	14.67	1.30
8.	TOLINS	91.03	11.04	359.65	0.00	6.19	-33.46	79.27	-11.67	21.30	11.24
9.	ETML	80.55	15.19	156.88	1.24	—	—	—	—	14.30	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	87	134	164	171	199
	80	118	143	142	173
Operating Profit	7	16	21	29	27
OPM %	7.86%	11.72%	12.83%	16.87%	13.52%
	1	1	4	1	3
Interest	7	7	9	9	10
Depreciation	4	3	4	6	6
Profit before Tax	-3	6	12	15	14
Tax %	-20.47%	24.85%	25.64%	21.14%	26.68%
Net Profit	-3	5	9	12	10
EPS	-1.81	7.58	13.61	8.07	5.36
Dividend Payout %	0.00%	0.00%	0.00%	12.40%	18.67%

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 14%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 29%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: -38%

RETURN ON EQUITY

10 Years:: —
5 Years:: 14%
3 Years:: 22%
Last Year:: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	6	7	7	14	19
	15	22	30	40	90
	65	76	86	88	89
Trade Payables	12	15	18	20	27
	13	16	9	11	12
Total Liabilities	112	136	150	174	237
	29	31	45	54	56
Capital Work in Progress	4	10	7	6	30
	0	1	1	1	1
	45	50	55	58	67
	0	0	0	40	45
Cash & Bank	1	1	2	4	16
	33	42	40	10	22
Total Assets	112	136	150	174	237

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	-16	12	17	12	8
Cash from Investing	-1	-12	-15	-12	-32
Cash from Financing	18	2	1	1	35
	1	2	1	2	12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025

Shareholding Pattern

Numbers in percentages

	Mar 2025	Sep 2025	Mar 2026
	50.31	50.31	50.31
	2.32	0.84	0.00
	1.08	0.00	0.00
Government	0.00	0.00	0.00
	46.29	48.85	49.69

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for ETML

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Emerald Tyre Manufacturers Ltd.

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Free 5nance Account

Name

MRF

128476.05

22.56

54488.53

0.18

495.35

-1.02

8415.50

9.64

16.04

11.77

BALKRISIND

2208.00

30.37

42684.44

0.72

450.77

56.35

3455.27

25.19

12.38

21.54

APOLLOTYRE

421.95

15.69

26798.08

1.42

348.87

2609.05

7397.79

12.76

9.22

11.73

CEATLTD

3294.00

22.60

13324.26

1.06

4.00

-96.44

4318.00

22.34

18.60

8.57

JKTYRE

356.50

15.78

10277.52

1.12

44.09

-73.01

3946.24

2.00

14.30

6.58

TVSSRICHAK

5174.45

42.89

3962.10

0.73

34.02

165.16

1067.61

30.29

4.80

7.57

GOODYEAR

729.20

31.21

1682.01

3.63

6.51

-53.86

774.35

18.00

14.67

1.30

TOLINS

91.03

11.04

359.65

0.00

6.19

-33.46

79.27

-11.67

21.30

11.24

ETML

80.55

15.19

156.88

1.24

—

14.30

—

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

134

164

171

199

118

143

142

173

Operating Profit

OPM %

7.86%

11.72%

12.83%

16.87%

13.52%

Interest

Depreciation

Profit before Tax

-3

Tax %

-20.47%

24.85%

25.64%

21.14%

26.68%

Net Profit

-3

EPS

-1.81

7.58

13.61

8.07

5.36

Dividend Payout %

0.00%

12.40%

18.67%

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Trade Payables

Total Liabilities

112

136

150

174

237

Capital Work in Progress

Cash & Bank

Total Assets

112

136

150

174

237

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-16

Cash from Investing

-1

-12

-15

-12

-32

Cash from Financing

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Sep 2025

Mar 2026

50.31

2.32

0.84

0.00

1.08

0.00

Government

0.00

46.29

48.85

49.69

Emerald Tyre Manufacturers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Emerald Tyre Manufacturers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI