Eastern Treads Ltd
Incorporated in 1993, Eastern Treads Limited is in the business of manufacturing and dealing with tread rubber, rubber-based adhesives, tire-retreading accessories and retreading services, rubber-based adhesives, tyre retreading accessories, and retreading services. The registered office of the company is in Kerala. [1][2]
- Market Cap ₹ 20.7 Cr.
- Current Price ₹ 39.6
- High / Low ₹ 48.0 / 30.6
- Stock P/E
- Book Value ₹ -18.5
- Dividend Yield 0.00 %
- ROCE -0.59 %
- ROE %
- Face Value ₹ 10.0
Pros
- Company's working capital requirements have reduced from 71.5 days to 54.6 days
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -9.39% over past five years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Plantation & Plantation Products Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
65.00 | 89.24 | 85.28 | 84.45 | 90.59 | 94.38 | 97.46 | 77.45 | 66.60 | 72.28 | 59.84 | 59.53 | |
62.37 | 85.47 | 82.49 | 76.88 | 84.69 | 91.70 | 93.59 | 73.18 | 62.55 | 77.48 | 62.72 | 58.70 | |
Operating Profit | 2.63 | 3.77 | 2.79 | 7.57 | 5.90 | 2.68 | 3.87 | 4.27 | 4.05 | -5.20 | -2.88 | 0.83 |
OPM % | 4.05% | 4.22% | 3.27% | 8.96% | 6.51% | 2.84% | 3.97% | 5.51% | 6.08% | -7.19% | -4.81% | 1.39% |
0.04 | 0.33 | 2.11 | 0.11 | 0.70 | 0.22 | 0.48 | 0.33 | 0.49 | 0.34 | 0.08 | 0.24 | |
Interest | 0.58 | 0.83 | 1.54 | 1.38 | 2.97 | 3.27 | 3.61 | 3.23 | 3.31 | 3.20 | 3.23 | 2.97 |
Depreciation | 0.59 | 0.79 | 0.95 | 1.16 | 1.82 | 2.11 | 2.63 | 2.47 | 2.12 | 1.83 | 1.65 | 1.22 |
Profit before tax | 1.50 | 2.48 | 2.41 | 5.14 | 1.81 | -2.48 | -1.89 | -1.10 | -0.89 | -9.89 | -7.68 | -3.12 |
Tax % | 28.67% | 33.87% | 34.85% | 33.66% | 27.07% | 7.26% | 9.52% | -2.73% | 35.96% | 2.12% | 5.86% | 5.45% |
1.07 | 1.64 | 1.58 | 3.41 | 1.32 | -2.29 | -1.71 | -1.12 | -0.57 | -9.68 | -7.23 | -2.95 | |
EPS in Rs | 1.91 | 2.93 | 3.02 | 6.52 | 2.52 | -4.38 | -3.27 | -2.14 | -1.09 | -18.50 | -13.82 | -5.64 |
Dividend Payout % | 0.00% | 0.00% | 17.12% | 15.39% | 20.49% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | -9% |
3 Years: | -4% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -23% |
3 Years: | % |
TTM: | 59% |
Stock Price CAGR | |
---|---|
10 Years: | 2% |
5 Years: | 2% |
3 Years: | -7% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 5.27 | 5.35 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 | 5.41 |
Reserves | -1.93 | -0.29 | 0.97 | 3.76 | 7.16 | 4.49 | 2.58 | 1.40 | 0.85 | -4.92 | -12.27 | -15.07 |
Preference Capital | 10.00 | 10.00 | 10.00 | 10.00 | 0.00 | 5.97 | 6.56 | 4.11 | 3.60 | 3.04 | 2.40 | |
4.49 | 11.89 | 9.34 | 7.27 | 21.35 | 19.91 | 21.88 | 29.44 | 29.57 | 29.66 | 31.21 | 30.96 | |
15.28 | 19.04 | 20.25 | 23.32 | 19.54 | 26.07 | 25.77 | 18.23 | 17.28 | 16.92 | 13.25 | 14.07 | |
Total Liabilities | 23.11 | 35.99 | 35.97 | 39.76 | 53.46 | 55.88 | 55.64 | 54.48 | 53.11 | 47.07 | 37.60 | 35.37 |
4.29 | 6.50 | 8.82 | 11.08 | 15.96 | 15.89 | 16.87 | 14.33 | 12.00 | 16.03 | 14.29 | 13.51 | |
CWIP | 0.01 | 0.00 | 0.35 | 0.26 | 0.36 | 2.53 | 0.18 | 0.16 | 0.24 | 0.17 | 0.00 | 0.00 |
Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.03 | 0.03 | 0.00 | 0.00 | 0.00 |
18.81 | 29.49 | 26.80 | 28.42 | 37.14 | 37.46 | 38.56 | 39.96 | 40.84 | 30.87 | 23.31 | 21.86 | |
Total Assets | 23.11 | 35.99 | 35.97 | 39.76 | 53.46 | 55.88 | 55.64 | 54.48 | 53.11 | 47.07 | 37.60 | 35.37 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2.66 | -0.81 | 5.82 | 5.62 | -0.49 | 3.51 | 2.00 | -1.32 | 4.46 | 1.40 | 4.80 | 2.90 | |
-1.18 | -4.23 | -2.34 | -3.41 | -4.12 | -4.25 | -1.24 | -1.31 | -0.56 | 2.62 | -0.17 | 0.26 | |
-1.45 | 7.63 | -2.80 | -2.65 | 5.24 | 1.02 | -1.03 | 1.87 | -3.65 | -3.65 | -4.95 | -2.90 | |
Net Cash Flow | 0.03 | 2.59 | 0.68 | -0.43 | 0.63 | 0.28 | -0.27 | -0.76 | 0.25 | 0.36 | -0.32 | 0.25 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 44.75 | 60.62 | 40.06 | 50.27 | 96.74 | 99.27 | 99.36 | 121.31 | 140.63 | 100.95 | 79.66 | 74.13 |
Inventory Days | 37.26 | 40.62 | 47.33 | 51.70 | 56.85 | 42.33 | 45.76 | 74.90 | 87.16 | 52.12 | 64.56 | 67.73 |
Days Payable | 28.46 | 38.32 | 42.15 | 55.97 | 71.77 | 76.89 | 67.21 | 63.64 | 75.29 | 52.19 | 54.63 | 90.09 |
Cash Conversion Cycle | 53.55 | 62.92 | 45.24 | 46.00 | 81.83 | 64.71 | 77.91 | 132.56 | 152.49 | 100.88 | 89.59 | 51.77 |
Working Capital Days | 65.03 | 72.48 | 56.84 | 53.25 | 62.89 | 59.40 | 69.17 | 120.22 | 151.92 | 95.39 | 64.47 | 54.57 |
ROCE % | 11.59% | 14.78% | 11.01% | 25.00% | 15.84% | 2.27% | 4.76% | 5.55% | 6.07% | -18.42% | -14.85% |
Documents
Announcements
- Closure of Trading Window 27 Jun
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Announcement under Regulation 30 (LODR)-Change in Management
30 May - The Company at its Board meeting held on 29th May 2024 has re-appointed M/s. RGN Price & Co., Chartered accountants, Kochi as the Internal Auditor …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
30 May - Copy of extract of the audited standalone financial results of the company for the quarter and year ended 31st March 2024 published on 30th May …
- Results- Financial Year Ended 31St March 2024 29 May
- Board Meeting Outcome for Outcome Of The Board Meeting Held Today, 29Th May 2024 29 May
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
from bse
Concalls
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Mar 2020TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Aug 2019TranscriptNotesPPT
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Jun 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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Aug 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Dec 2017TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
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Sep 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Jul 2016TranscriptNotesPPT
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Apr 2016TranscriptNotesPPT
Product Portfolio:[1]
Equipped with hot and cold processes, Eastern Treads has a wide range of radial patterns and retread materials that suits almost every tyre size of all vehicles viz.,
a) Precured Tread Rubber[2]
b) Hot Rubber Slab & Camel Back Treads[3]
c) Bonding Gum[4]
d) Black Vulcanizing Cement[5]
e) Repair Patches[6]