Treadsdirect Ltd.

•

₹ —-%

treadsdirect.comBSE: -NSE: TREADS

Market Cap₹ 0 Cr.

Current Price—

High / Low₹ 10 / 10

Stock P/E—

Book Value—

Price to Book0.74

Dividend Yield— %

ROCE26.0 %

ROE17.2 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 20.6%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.95x)
Company generates healthy free cash flow
Offers a healthy dividend yield of 4.0%

CONS

Interest coverage is weak at 0.0x - earnings barely cover interest

* 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	613.30	82.52	3179.65	1.30	78.94	312.00	525.63	39.89	20.12	22.28
2.	PIXTRANS	1820.90	18.83	2481.01	0.49	52.75	89.33	149.25	22.80	21.86	30.59
3.	TINNARUBR	1045.50	30.54	1883.55	0.31	20.57	75.16	156.18	19.89	28.49	21.82
4.	GRPLTD	1994.00	187.53	1063.47	0.18	4.20	140.16	156.83	26.73	6.33	10.78
5.	RUBFILA	67.76	14.29	367.72	2.95	5.80	-13.26	133.49	-7.89	14.13	6.99
6.	HARRMALAYA	196.65	13.39	362.93	0.00	3.93	-34.03	124.92	7.26	11.38	4.55
7.	ELGIRUBCO	59.20	0.00	296.30	0.00	40.85	2797.95	70.09	-18.10	-49.96	3.73
8.	SAMPANN	26.50	19.34	135.44	0.00	2.05	12.24	41.70	27.62	6.01	10.99
9.	SOMICONVEY	100.32	0.00	118.17	0.00	5.96	395.02	156.18	495.13	10.35	9.60
10.	TREADS	—	—	—	—	—	—	—	—	24.53	—

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

No standalone quarterly results found

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

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2008	Mar 2009	Mar 2010
	135	151	163
	123	137	137
Operating Profit	13	20	31
OPM %	10	13	19
Other Income	1	5	5
Interest	0	0	0
Depreciation	4	3	3
	9	16	28
Tax %	33	32	34
Net Profit	6	11	19
EPS	115	1	2
Dividend Payout %	0	17	18
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	115	1	2
Minority Interest	0	0	0
Share of Associates	0	0	0
Adjusted EPS	115	1	2

Mar 2008

: 135
: 123
Operating Profit: 13
OPM %: 10
Other Income: 1
Interest: 0
Depreciation: 4
: 9
Tax %: 33
Net Profit: 6
EPS: 115
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 115
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 115

Mar 2009

: 151
: 137
Operating Profit: 20
OPM %: 13
Other Income: 5
Interest: 0
Depreciation: 3
: 16
Tax %: 32
Net Profit: 11
EPS: 1
Dividend Payout %: 17
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 1

Mar 2010

: 163
: 137
Operating Profit: 31
OPM %: 19
Other Income: 5
Interest: 0
Depreciation: 3
: 28
Tax %: 34
Net Profit: 19
EPS: 2
Dividend Payout %: 18
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 2

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:: 15%
Last Year:: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2008	Mar 2009	Mar 2010
LIABILITIES	-	-	-
Equity Capital	0	11	11
	81	90	105
Trade Payables	2	2	6
	23	17	30
Total Liabilities	106	120	152
ASSETS	-	-	-
	20	17	15
	10	10	10
	28	23	40
	24	24	26
Cash & Bank	2	31	34
	22	13	26
Total Assets	106	120	152
Total Debt	0	0	0
Net Working Capital	66	76	91
Contingent Liabilities	1	2	2
Book Value per Share	1622.79	8.86	10.13
Face Value	1.00	1.00	1.00
Total Debt	0	0	0
Net Working Capital	66	76	91
Contingent Liabilities	1	2	2
Book Value per Share	1622.79	8.86	10.13
Face Value	1.00	1.00	1.00

Mar 2008

Equity Capital: 0
: 81
Trade Payables: 2
: 23
Total Liabilities: 106
: 20
: 10
: 28
: 24
Cash & Bank: 2
: 22
Total Assets: 106
Total Debt: 0
Net Working Capital: 66
Contingent Liabilities: 1
Book Value per Share: 1622.79
Face Value: 1.00
Total Debt: 0
Net Working Capital: 66
Contingent Liabilities: 1
Book Value per Share: 1622.79
Face Value: 1.00

Mar 2009

Equity Capital: 11
: 90
Trade Payables: 2
: 17
Total Liabilities: 120
: 17
: 10
: 23
: 24
Cash & Bank: 31
: 13
Total Assets: 120
Total Debt: 0
Net Working Capital: 76
Contingent Liabilities: 2
Book Value per Share: 8.86
Face Value: 1.00
Total Debt: 0
Net Working Capital: 76
Contingent Liabilities: 2
Book Value per Share: 8.86
Face Value: 1.00

Mar 2010

Equity Capital: 11
: 105
Trade Payables: 6
: 30
Total Liabilities: 152
: 15
: 10
: 40
: 26
Cash & Bank: 34
: 26
Total Assets: 152
Total Debt: 0
Net Working Capital: 91
Contingent Liabilities: 2
Book Value per Share: 10.13
Face Value: 1.00
Total Debt: 0
Net Working Capital: 91
Contingent Liabilities: 2
Book Value per Share: 10.13
Face Value: 1.00

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2008	Mar 2009	Mar 2010
	2	30	2
Cash from Investing	0	1	3
Cash from Financing	-0	-1	-2
	2	30	2
Free Cash Flow	2	30	1
OCF / Net Profit	0.27	2.72	0.10
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.27	2.72	0.10
Cumulative 5-Year FCF	0	0	0

Mar 2008

: 2
Cash from Investing: 0
Cash from Financing: -0
: 2
Free Cash Flow: 2
OCF / Net Profit: 0.27
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.27
Cumulative 5-Year FCF: 0

Mar 2009

: 30
Cash from Investing: 1
Cash from Financing: -1
: 30
Free Cash Flow: 30
OCF / Net Profit: 2.72
Cumulative 5-Year FCF: 0
OCF / Net Profit: 2.72
Cumulative 5-Year FCF: 0

Mar 2010

: 2
Cash from Investing: 3
Cash from Financing: -2
: 2
Free Cash Flow: 1
OCF / Net Profit: 0.10
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.10
Cumulative 5-Year FCF: 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2008	Mar 2009	Mar 2010
PER SHARE	-	-	-
EPS (₹)	115.27	0.98	1.63
Book Value (₹)	1622.79	8.86	10.13
Dividend per Share (₹)	0.10	0.17	0.30
Cash EPS (₹)	205.17	1.27	1.86
PROFITABILITY	-	-	-
Operating Margin %	8.14%	8.85%	15.20%
Net Margin %	3.88%	6.88%	10.94%
ROE %	14.20%	12.27%	17.18%
ROCE %	18.72%	16.95%	25.98%
	10.88%	9.91%	13.74%
EFFICIENCY	-	-	-
Debtor Days	59	54	54
Inventory Days	69	57	68
Payable Days	3	6	13
	124	106	108
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x
Interest Coverage (x)	348.98x	307.87x	0.00x
	7.39x	5.49x	3.64x
GROWTH	-	-	-
Revenue Growth %	0.00%	11.66%	7.54%
Operating Profit Growth %	0.00%	50.50%	56.06%
Net Profit Growth %	0.00%	94.33%	66.75%
	0.00%	-99.15%	66.75%
VALUATION	-	-	-
P/E (x)	0.00x	4.14x	4.57x
P/B (x)	0.00x	0.46x	0.74x
Dividend Yield %	0.00%	4.20%	4.03%
	-0.14x	0.75x	1.67x

Mar 2008

EPS (₹): 115.27
Book Value (₹): 1622.79
Dividend per Share (₹): 0.10
Cash EPS (₹): 205.17
Operating Margin %: 8.14%
Net Margin %: 3.88%
ROE %: 14.20%
ROCE %: 18.72%
: 10.88%
Debtor Days: 59
Inventory Days: 69
Payable Days: 3
: 124
Debt to Equity (x): 0.00x
Interest Coverage (x): 348.98x
: 7.39x
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%
: -0.14x

Mar 2009

EPS (₹): 0.98
Book Value (₹): 8.86
Dividend per Share (₹): 0.17
Cash EPS (₹): 1.27
Operating Margin %: 8.85%
Net Margin %: 6.88%
ROE %: 12.27%
ROCE %: 16.95%
: 9.91%
Debtor Days: 54
Inventory Days: 57
Payable Days: 6
: 106
Debt to Equity (x): 0.00x
Interest Coverage (x): 307.87x
: 5.49x
Revenue Growth %: 11.66%
Operating Profit Growth %: 50.50%
Net Profit Growth %: 94.33%
: -99.15%
P/E (x): 4.14x
P/B (x): 0.46x
Dividend Yield %: 4.20%
: 0.75x

Mar 2010

EPS (₹): 1.63
Book Value (₹): 10.13
Dividend per Share (₹): 0.30
Cash EPS (₹): 1.86
Operating Margin %: 15.20%
Net Margin %: 10.94%
ROE %: 17.18%
ROCE %: 25.98%
: 13.74%
Debtor Days: 54
Inventory Days: 68
Payable Days: 13
: 108
Debt to Equity (x): 0.00x
Interest Coverage (x): 0.00x
: 3.64x
Revenue Growth %: 7.54%
Operating Profit Growth %: 56.06%
Net Profit Growth %: 66.75%
: 66.75%
P/E (x): 4.57x
P/B (x): 0.74x
Dividend Yield %: 4.03%
: 1.67x

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.