Treadsdirect Ltd.

•

₹ —-%

treadsdirect.comBSE: -NSE: TREADS

Market Cap₹ 0 Cr.

Current Price—

High / Low₹ 10 / 10

Stock P/E—

Book Value—

Price to Book0.75

Dividend Yield— %

ROCE24.5 %

ROE15.0 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.37x)
Company comfortably covers its interest (15.4x coverage)
Company generates healthy free cash flow
Offers a healthy dividend yield of 4.0%

CONS

Company has a low return on equity of 9.7% over last 3 years

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

Peer comparison

EDIT COLUMNS

Capital GoodsAgriRubber Products

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	APCOTEXIND	620.70	83.52	3218.02	1.29	78.94	312.00	525.63	39.89	20.12	22.28
2.	PIXTRANS	1812.90	18.74	2470.11	0.50	52.75	89.33	149.25	22.80	21.86	30.59
3.	TINNARUBR	1050.45	30.69	1892.47	0.31	20.57	75.16	156.18	19.89	28.49	21.82
4.	GRPLTD	1985.40	186.72	1058.88	0.18	4.20	140.16	156.83	26.73	6.33	10.78
5.	RUBFILA	68.69	14.49	372.76	2.91	5.80	-13.26	133.49	-7.89	14.13	6.99
6.	HARRMALAYA	190.90	13.00	352.31	0.00	3.93	-34.03	124.92	7.26	11.38	4.55
7.	ELGIRUBCO	57.05	0.00	285.54	0.00	40.85	2797.95	70.09	-18.10	-49.96	3.73
8.	SAMPANN	26.06	19.02	133.19	0.00	2.05	12.24	41.70	27.62	6.01	10.99
9.	SOMICONVEY	86.90	0.00	102.37	0.00	5.96	395.02	156.18	495.13	10.35	9.60
10.	TREADS	—	—	—	—	—	—	—	—	24.53	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010
	144	180	203
	133	168	178
Operating Profit	13	18	30
OPM %	9	10	15
Other Income	1	7	6
Interest	0	1	2
Depreciation	5	4	3
	8	13	25
Tax %	41	40	37
Net Profit	5	8	16
EPS	92	1	1
Dividend Payout %	0	25	21
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	92	1	1
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	92	1	1

Mar 2008

: 144
: 133
Operating Profit: 13
OPM %: 9
Other Income: 1
Interest: 0
Depreciation: 5
: 8
Tax %: 41
Net Profit: 5
EPS: 92
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 92
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 92

Mar 2009

: 180
: 168
Operating Profit: 18
OPM %: 10
Other Income: 7
Interest: 1
Depreciation: 4
: 13
Tax %: 40
Net Profit: 8
EPS: 1
Dividend Payout %: 25
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2010

: 203
: 178
Operating Profit: 30
OPM %: 15
Other Income: 6
Interest: 2
Depreciation: 3
: 25
Tax %: 37
Net Profit: 16
EPS: 1
Dividend Payout %: 21
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 10%
Last Year:: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010
LIABILITIES	-	-	-
Equity Capital	0	11	11
	84	89	102
Trade Payables	12	15	10
	25	20	33
Total Liabilities	121	136	157
ASSETS	-	-	-
	22	22	20
	5	0	1
	36	38	48
	42	30	22
Cash & Bank	3	30	37
	14	16	29
Total Assets	121	136	157
Total Debt	0	4	3
Net Working Capital	72	84	96
Contingent Liabilities	1	2	2
Book Value per Share	1674.79	8.76	9.90
Face Value	1.00	1.00	1.00
Total Debt	0	4	3
Net Working Capital	72	84	96
Contingent Liabilities	1	2	2
Book Value per Share	1674.79	8.76	9.90
Face Value	1.00	1.00	1.00

Mar 2008

Equity Capital: 0
: 84
Trade Payables: 12
: 25
Total Liabilities: 121
: 22
: 5
: 36
: 42
Cash & Bank: 3
: 14
Total Assets: 121
Total Debt: 0
Net Working Capital: 72
Contingent Liabilities: 1
Book Value per Share: 1674.79
Face Value: 1.00
Total Debt: 0
Net Working Capital: 72
Contingent Liabilities: 1
Book Value per Share: 1674.79
Face Value: 1.00

Mar 2009

Equity Capital: 11
: 89
Trade Payables: 15
: 20
Total Liabilities: 136
: 22
: 0
: 38
: 30
Cash & Bank: 30
: 16
Total Assets: 136
Total Debt: 4
Net Working Capital: 84
Contingent Liabilities: 2
Book Value per Share: 8.76
Face Value: 1.00
Total Debt: 4
Net Working Capital: 84
Contingent Liabilities: 2
Book Value per Share: 8.76
Face Value: 1.00

Mar 2010

Equity Capital: 11
: 102
Trade Payables: 10
: 33
Total Liabilities: 157
: 20
: 1
: 48
: 22
Cash & Bank: 37
: 29
Total Assets: 157
Total Debt: 3
Net Working Capital: 96
Contingent Liabilities: 2
Book Value per Share: 9.90
Face Value: 1.00
Total Debt: 3
Net Working Capital: 96
Contingent Liabilities: 2
Book Value per Share: 9.90
Face Value: 1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010
	4	25	10
Cash from Investing	-1	5	1
Cash from Financing	-0	-2	-4
	3	27	7
Free Cash Flow	4	20	9
OCF / Net Profit	0.89	3.11	0.65
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.89	3.11	0.65
Cumulative 5-Year FCF	0	0	0

Mar 2008

: 4
Cash from Investing: -1
Cash from Financing: -0
: 3
Free Cash Flow: 4
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.89
Cumulative 5-Year FCF: 0

Mar 2009

: 25
Cash from Investing: 5
Cash from Financing: -2
: 27
Free Cash Flow: 20
OCF / Net Profit: 3.11
Cumulative 5-Year FCF: 0
OCF / Net Profit: 3.11
Cumulative 5-Year FCF: 0

Mar 2010

: 10
Cash from Investing: 1
Cash from Financing: -4
: 7
Free Cash Flow: 9
OCF / Net Profit: 0.65
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.65
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2008	Mar 2009	Mar 2010
PER SHARE	-	-	-
EPS (₹)	92.49	0.69	1.40
Book Value (₹)	1674.79	8.76	9.90
Dividend per Share (₹)	0.10	0.17	0.30
Cash EPS (₹)	187.10	1.05	1.69
PROFITABILITY	-	-	-
Operating Margin %	7.06%	6.06%	11.68%
Net Margin %	2.93%	4.13%	7.60%
ROE %	5.52%	8.58%	15.01%
ROCE %	8.24%	14.34%	24.53%
	3.83%	6.15%	10.94%
EFFICIENCY	-	-	-
Debtor Days	97	69	45
Inventory Days	82	70	74
Payable Days	48	42	38
	132	97	82
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.00x	0.04x	0.03x
Interest Coverage (x)	190.78x	13.32x	15.41x
	4.24x	3.80x	3.38x
GROWTH	-	-	-
Revenue Growth %	0.00%	24.24%	13.03%
Operating Profit Growth %	0.00%	46.65%	65.34%
Net Profit Growth %	0.00%	70.65%	103.21%
	0.00%	-99.25%	103.22%
VALUATION	-	-	-
P/E (x)	0.00x	5.88x	5.32x
P/B (x)	0.00x	0.46x	0.75x
Dividend Yield %	0.00%	4.20%	4.03%
	-0.23x	1.13x	1.68x

Mar 2008

EPS (₹): 92.49
Book Value (₹): 1674.79
Dividend per Share (₹): 0.10
Cash EPS (₹): 187.10
Operating Margin %: 7.06%
Net Margin %: 2.93%
ROE %: 5.52%
ROCE %: 8.24%
: 3.83%
Debtor Days: 97
Inventory Days: 82
Payable Days: 48
: 132
Debt to Equity (x): 0.00x
Interest Coverage (x): 190.78x
: 4.24x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: -0.23x

Mar 2009

EPS (₹): 0.69
Book Value (₹): 8.76
Dividend per Share (₹): 0.17
Cash EPS (₹): 1.05
Operating Margin %: 6.06%
Net Margin %: 4.13%
ROE %: 8.58%
ROCE %: 14.34%
: 6.15%
Debtor Days: 69
Inventory Days: 70
Payable Days: 42
: 97
Debt to Equity (x): 0.04x
Interest Coverage (x): 13.32x
: 3.80x
Revenue Growth %: 24.24%
Operating Profit Growth %: 46.65%
Net Profit Growth %: 70.65%
: -99.25%
P/E (x): 5.88x
P/B (x): 0.46x
Dividend Yield %: 4.20%
: 1.13x

Mar 2010

EPS (₹): 1.40
Book Value (₹): 9.90
Dividend per Share (₹): 0.30
Cash EPS (₹): 1.69
Operating Margin %: 11.68%
Net Margin %: 7.60%
ROE %: 15.01%
ROCE %: 24.53%
: 10.94%
Debtor Days: 45
Inventory Days: 74
Payable Days: 38
: 82
Debt to Equity (x): 0.03x
Interest Coverage (x): 15.41x
: 3.38x
Revenue Growth %: 13.03%
Operating Profit Growth %: 65.34%
Net Profit Growth %: 103.21%
: 103.22%
P/E (x): 5.32x
P/B (x): 0.75x
Dividend Yield %: 4.03%
: 1.68x

Shareholding Pattern

Numbers in percentages

TRADES

	Dec 2008	Mar 2009	Jun 2009	Sep 2009	Dec 2009	Mar 2010	Jun 2010	Sep 2010
	55.16	55.43	55.55	55.57	55.58	55.58	55.58	55.58
	0.19	0.19	0.02	1.62	1.48	1.34	1.34	0.70
	1.29	1.18	1.10	1.10	1.10	1.10	1.10	1.10
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	43.36	43.20	43.33	41.71	41.84	41.98	41.99	42.62

Dec 2008

: 55.16
: 0.19
: 1.29
Government: 0.00
Public: 43.36

Mar 2009

: 55.43
: 0.19
: 1.18
Government: 0.00
Public: 43.20

Jun 2009

: 55.55
: 0.02
: 1.10
Government: 0.00
Public: 43.33

Sep 2009

: 55.57
: 1.62
: 1.10
Government: 0.00
Public: 41.71

Dec 2009

: 55.58
: 1.48
: 1.10
Government: 0.00
Public: 41.84

Mar 2010

: 55.58
: 1.34
: 1.10
Government: 0.00
Public: 41.98

Jun 2010

: 55.58
: 1.34
: 1.10
Government: 0.00
Public: 41.99

Sep 2010

: 55.58
: 0.70
: 1.10
Government: 0.00
Public: 42.62

Documents

Announcements

Nothing filed yet.

Annual Reports

Nothing filed yet.

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.