Eastern Treads Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 25, 2025, 2:24 pm

Market Cap	20.2 Cr.
Current Price	38.7
High / Low	51.4/31.0
Stock P/E
Book Value	22.8
Dividend Yield	0.00 %
ROCE	0.62 %
ROE	%
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Eastern Treads Ltd

Competitors of Eastern Treads Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Indag Rubber Ltd	331 Cr.	126	308/115	45.9	87.6	2.38 %	%	%	2.00
Eastern Treads Ltd	20.2 Cr.	38.7	51.4/31.0		22.8	0.00 %	0.62 %	%	10.0
Dolfin Rubbers Ltd	204 Cr.	204	290/126	40.2	31.1	0.00 %	19.1 %	17.9 %	10.0
Vikas Ecotech Ltd	437 Cr.	2.47	4.75/2.21	30.4	3.10	0.00 %	4.53 %	2.07 %	1.00
Modi Rubber Ltd	251 Cr.	100	157/79.1	11.2	279	0.00 %	3.72 %	1.97 %	10.0
Industry Average	622.25 Cr	405.79		37.53	106.50	0.49%	8.52%	7.06%	6.22

All Competitor Stocks of Eastern Treads Ltd

Quarterly Result

Metric	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Sales	20.64	15.60	21.28	16.87	13.25	15.36	14.36	14.53	15.44	14.79	14.77	14.20	14.24
Expenses	21.48	16.70	24.18	17.72	14.21	15.78	15.01	14.62	15.28	14.16	14.64	14.79	14.92
Operating Profit	-0.84	-1.10	-2.90	-0.85	-0.96	-0.42	-0.65	-0.09	0.16	0.63	0.13	-0.59	-0.68
OPM %	-4.07%	-7.05%	-13.63%	-5.04%	-7.25%	-2.73%	-4.53%	-0.62%	1.04%	4.26%	0.88%	-4.15%	-4.78%
Other Income	0.11	0.11	0.06	0.03	0.00	0.03	0.02	0.01	0.03	0.16	0.04	0.01	0.07
Interest	0.83	0.85	0.73	0.61	0.78	1.00	0.84	0.80	0.79	0.64	0.75	0.62	0.57
Depreciation	0.47	0.44	0.43	0.42	0.41	0.40	0.42	0.38	0.33	0.28	0.23	0.22	0.22
Profit before tax	-2.03	-2.28	-4.00	-1.85	-2.15	-1.79	-1.89	-1.26	-0.93	-0.13	-0.81	-1.42	-1.40
Tax %	-3.45%	-2.19%	-0.75%	-3.78%	-2.33%	-2.79%	-14.81%	-1.59%	-2.15%	-15.38%	-13.58%	-2.11%	-32.86%
Net Profit	-1.96	-2.23	-3.97	-1.78	-2.10	-1.74	-1.61	-1.23	-0.90	-0.11	-0.71	-1.40	-0.94
EPS in Rs	-3.75	-4.26	-7.59	-3.40	-4.01	-3.33	-3.08	-2.35	-1.72	-0.21	-1.36	-2.68	-1.80

Last Updated: January 5, 2025, 8:15 am

Below is a detailed analysis of the quarterly data for Eastern Treads Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Sales, as of Sep 2024, the value is ₹14.24 Cr.. The value appears strong and on an upward trend. It has increased from ₹14.20 Cr. (Jun 2024) to ₹14.24 Cr., marking an increase of ₹0.04 Cr..
For Expenses, as of Sep 2024, the value is ₹14.92 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹14.79 Cr. (Jun 2024) to ₹14.92 Cr., marking an increase of ₹0.13 Cr..
For Operating Profit, as of Sep 2024, the value is ₹-0.68 Cr.. The value appears to be declining and may need further review. It has decreased from ₹-0.59 Cr. (Jun 2024) to ₹-0.68 Cr., marking a decrease of ₹0.09 Cr..
For OPM %, as of Sep 2024, the value is -4.78%. The value appears to be declining and may need further review. It has decreased from -4.15% (Jun 2024) to -4.78%, marking a decrease of 0.63%.
For Other Income, as of Sep 2024, the value is ₹0.07 Cr.. The value appears strong and on an upward trend. It has increased from ₹0.01 Cr. (Jun 2024) to ₹0.07 Cr., marking an increase of ₹0.06 Cr..
For Interest, as of Sep 2024, the value is ₹0.57 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from ₹0.62 Cr. (Jun 2024) to ₹0.57 Cr., marking a decrease of ₹0.05 Cr..
For Depreciation, as of Sep 2024, the value is ₹0.22 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2024) which recorded ₹0.22 Cr..
For Profit before tax, as of Sep 2024, the value is ₹-1.40 Cr.. The value appears strong and on an upward trend. It has increased from ₹-1.42 Cr. (Jun 2024) to ₹-1.40 Cr., marking an increase of ₹0.02 Cr..
For Tax %, as of Sep 2024, the value is -32.86%. The value appears to be improving (decreasing) as expected. It has decreased from -2.11% (Jun 2024) to -32.86%, marking a decrease of 30.75%.
For Net Profit, as of Sep 2024, the value is ₹-0.94 Cr.. The value appears strong and on an upward trend. It has increased from ₹-1.40 Cr. (Jun 2024) to ₹-0.94 Cr., marking an increase of ₹0.46 Cr..
For EPS in Rs, as of Sep 2024, the value is ₹-1.80. The value appears strong and on an upward trend. It has increased from ₹-2.68 (Jun 2024) to ₹-1.80, marking an increase of ₹0.88.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	65.00	89.24	85.28	84.45	90.59	94.38	97.46	77.45	66.60	72.28	59.84	59.53	59.20
Expenses	62.37	85.47	82.49	76.88	84.69	91.70	93.59	73.18	62.55	77.48	62.72	58.70	58.87
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	0.33
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%	0.56%
Other Income	0.04	0.33	2.11	0.11	0.70	0.22	0.48	0.33	0.49	0.34	0.08	0.24	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	2.80
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	1.06
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	-3.29
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%
Net Profit	1.07	1.64	1.58	3.41	1.32	-2.29	-1.71	-1.12	-0.57	-9.68	-7.23	-2.95	-3.12
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	-5.97
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%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	53.27%	-3.66%	115.82%	-61.29%	-273.48%	25.33%	34.50%	49.11%	-1598.25%	25.31%	59.20%
Change in YoY Net Profit Growth (%)	0.00%	-56.93%	119.48%	-177.11%	-212.19%	298.81%	9.18%	14.60%	-1647.35%	1623.56%	33.89%

Eastern Treads Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-4%
5 Years:	-9%
3 Years:	-4%
TTM:	0%

Compounded Profit Growth
10 Years:	%
5 Years:	-23%
3 Years:	%
TTM:	9%

Stock Price CAGR
10 Years:	-1%
5 Years:	13%
3 Years:	-3%
1 Year:	0%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:35 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 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	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	-17.33
Borrowings	14.49	21.89	19.34	17.27	21.35	25.88	28.44	33.55	33.17	32.70	33.60	30.97	31.38
Other Liabilities	5.28	9.04	10.25	13.32	19.54	20.10	19.21	14.12	13.68	13.88	10.86	14.09	14.15
Total Liabilities	23.11	35.99	35.97	39.76	53.46	55.88	55.64	54.48	53.11	47.07	37.60	35.40	33.61
Fixed Assets	4.29	6.50	8.82	11.08	15.96	15.89	16.87	14.33	12.00	16.03	14.29	13.51	13.19
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	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	0.00
Other Assets	18.81	29.49	26.80	28.42	37.14	37.46	38.56	39.96	40.84	30.87	23.31	21.89	20.42
Total Assets	23.11	35.99	35.97	39.76	53.46	55.88	55.64	54.48	53.11	47.07	37.60	35.40	33.61

Below is a detailed analysis of the balance sheet data for Eastern Treads Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹5.41 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹5.41 Cr..
For Reserves, as of Sep 2024, the value is ₹-17.33 Cr.. The value appears to be worsening (becoming more negative). It has deteriorated from ₹-15.07 Cr. (Mar 2024) to ₹-17.33 Cr., marking a decline of ₹2.26 Cr..
For Borrowings, as of Sep 2024, the value is ₹31.38 Cr.. The value appears to be increasing, which may not be favorable. However, Reserves are negative, which is a major warning sign. It has increased from ₹30.97 Cr. (Mar 2024) to ₹31.38 Cr., marking an increase of ₹0.41 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹14.15 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹14.09 Cr. (Mar 2024) to ₹14.15 Cr., marking an increase of ₹0.06 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹33.61 Cr.. The value appears to be improving (decreasing). It has decreased from ₹35.40 Cr. (Mar 2024) to ₹33.61 Cr., marking a decrease of ₹1.79 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹13.19 Cr.. The value appears to be declining and may need further review. It has decreased from ₹13.51 Cr. (Mar 2024) to ₹13.19 Cr., marking a decrease of ₹0.32 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹20.42 Cr.. The value appears to be declining and may need further review. It has decreased from ₹21.89 Cr. (Mar 2024) to ₹20.42 Cr., marking a decrease of ₹1.47 Cr..
For Total Assets, as of Sep 2024, the value is ₹33.61 Cr.. The value appears to be declining and may need further review. It has decreased from ₹35.40 Cr. (Mar 2024) to ₹33.61 Cr., marking a decrease of ₹1.79 Cr..

However, the Borrowings (₹31.38 Cr.) are higher than the Reserves (₹-17.33 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	2.66	-0.81	5.82	5.62	-0.49	3.51	2.00	-1.32	4.46	1.40	4.80	2.90
Cash from Investing Activity +	-1.18	-4.23	-2.34	-3.41	-4.12	-4.25	-1.24	-1.31	-0.56	2.62	-0.17	0.26
Cash from Financing Activity +	-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

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-11.86	-18.12	-16.55	-9.70	-15.45	-23.20	-24.57	-29.28	-29.12	-37.90	-36.48	-30.14

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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	67.92
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	51.96
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	54.75
ROCE %	11.59%	14.78%	11.01%	25.00%	15.84%	2.27%	4.76%	5.55%	6.07%	-18.42%	-14.85%	-0.62%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	65.67%	65.67%	65.66%	65.66%	65.66%	65.66%	65.66%	65.66%	66.25%	66.25%	66.25%	65.78%
Public	34.33%	34.33%	34.33%	34.34%	34.34%	34.34%	34.33%	34.33%	33.73%	33.73%	33.74%	34.21%
No. of Shareholders	2,152	2,144	1,887	1,887	1,876	1,875	1,858	1,847	1,969	2,047	2,084	2,141

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 22	Mar 21	Mar 20	Mar 19	Mar 18
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-17.54	-1.53	-2.57	-3.26	-4.24
Diluted EPS (Rs.)	-17.54	-1.53	-2.57	-3.26	-4.24
Cash EPS (Rs.)	-14.23	2.13	1.80	1.53	-0.34
Book Value[Excl.RevalReserv]/Share (Rs.)	0.89	9.68	11.45	14.37	18.30
Book Value[Incl.RevalReserv]/Share (Rs.)	0.89	9.68	11.45	14.37	18.30
Revenue From Operations / Share (Rs.)	133.55	137.49	144.72	180.09	174.41
PBDIT / Share (Rs.)	-8.93	7.74	7.85	7.87	5.36
PBIT / Share (Rs.)	-12.31	3.79	3.23	2.98	1.46
PBT / Share (Rs.)	-18.23	-2.41	-2.78	-3.70	-4.58
Net Profit / Share (Rs.)	-17.61	-1.81	-2.82	-3.35	-4.24
NP After MI And SOA / Share (Rs.)	-16.96	-1.48	-2.49	-3.26	-4.24
PBDIT Margin (%)	-6.68	5.63	5.42	4.36	3.07
PBIT Margin (%)	-9.21	2.75	2.23	1.65	0.83
PBT Margin (%)	-13.65	-1.75	-1.92	-2.05	-2.62
Net Profit Margin (%)	-13.18	-1.32	-1.94	-1.86	-2.43
NP After MI And SOA Margin (%)	-12.69	-1.07	-1.71	-1.81	-2.43
Return on Networth / Equity (%)	-1896.77	-13.86	-20.60	-22.26	-23.16
Return on Capital Employeed (%)	-33.64	12.94	10.35	8.84	3.82
Return On Assets (%)	-19.50	-1.46	-2.46	-3.16	-4.10
Long Term Debt / Equity (X)	32.19	1.47	1.25	1.00	0.83
Total Debt / Equity (X)	67.59	5.63	4.99	3.49	2.43
Asset Turnover Ratio (%)	1.42	1.24	1.40	1.75	0.00
Current Ratio (X)	1.12	1.04	1.01	0.98	1.03
Quick Ratio (X)	0.84	0.76	0.73	0.75	0.80
Inventory Turnover Ratio (X)	5.54	4.06	5.49	7.56	0.00
Dividend Payout Ratio (NP) (%)	0.00	0.00	0.00	0.00	-13.73
Dividend Payout Ratio (CP) (%)	0.00	0.00	0.00	0.00	-168.26
Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	113.73
Cash Earning Retention Ratio (%)	0.00	0.00	0.00	0.00	268.26
Interest Coverage Ratio (X)	-1.51	1.25	1.31	1.18	0.88
Interest Coverage Ratio (Post Tax) (X)	-2.01	0.70	0.53	0.49	0.29
Enterprise Value (Cr.)	52.11	60.38	40.62	49.61	64.92
EV / Net Operating Revenue (X)	0.72	0.81	0.51	0.50	0.68
EV / EBITDA (X)	-10.79	14.41	9.56	11.65	22.40
MarketCap / Net Operating Revenue (X)	0.29	0.40	0.11	0.23	0.45
Retention Ratios (%)	0.00	0.00	0.00	0.00	113.73
Price / BV (X)	43.45	5.17	1.40	2.93	4.29
Price / Net Operating Revenue (X)	0.29	0.40	0.11	0.23	0.45
EarningsYield	-0.43	-0.02	-0.14	-0.07	-0.05

After reviewing the key financial ratios for Eastern Treads Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 22, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 21) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 22, the value is -17.54. This value is below the healthy minimum of 5. It has decreased from -1.53 (Mar 21) to -17.54, marking a decrease of 16.01.
For Diluted EPS (Rs.), as of Mar 22, the value is -17.54. This value is below the healthy minimum of 5. It has decreased from -1.53 (Mar 21) to -17.54, marking a decrease of 16.01.
For Cash EPS (Rs.), as of Mar 22, the value is -14.23. This value is below the healthy minimum of 3. It has decreased from 2.13 (Mar 21) to -14.23, marking a decrease of 16.36.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 22, the value is 0.89. It has decreased from 9.68 (Mar 21) to 0.89, marking a decrease of 8.79.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 22, the value is 0.89. It has decreased from 9.68 (Mar 21) to 0.89, marking a decrease of 8.79.
For Revenue From Operations / Share (Rs.), as of Mar 22, the value is 133.55. It has decreased from 137.49 (Mar 21) to 133.55, marking a decrease of 3.94.
For PBDIT / Share (Rs.), as of Mar 22, the value is -8.93. This value is below the healthy minimum of 2. It has decreased from 7.74 (Mar 21) to -8.93, marking a decrease of 16.67.
For PBIT / Share (Rs.), as of Mar 22, the value is -12.31. This value is below the healthy minimum of 0. It has decreased from 3.79 (Mar 21) to -12.31, marking a decrease of 16.10.
For PBT / Share (Rs.), as of Mar 22, the value is -18.23. This value is below the healthy minimum of 0. It has decreased from -2.41 (Mar 21) to -18.23, marking a decrease of 15.82.
For Net Profit / Share (Rs.), as of Mar 22, the value is -17.61. This value is below the healthy minimum of 2. It has decreased from -1.81 (Mar 21) to -17.61, marking a decrease of 15.80.
For NP After MI And SOA / Share (Rs.), as of Mar 22, the value is -16.96. This value is below the healthy minimum of 2. It has decreased from -1.48 (Mar 21) to -16.96, marking a decrease of 15.48.
For PBDIT Margin (%), as of Mar 22, the value is -6.68. This value is below the healthy minimum of 10. It has decreased from 5.63 (Mar 21) to -6.68, marking a decrease of 12.31.
For PBIT Margin (%), as of Mar 22, the value is -9.21. This value is below the healthy minimum of 10. It has decreased from 2.75 (Mar 21) to -9.21, marking a decrease of 11.96.
For PBT Margin (%), as of Mar 22, the value is -13.65. This value is below the healthy minimum of 10. It has decreased from -1.75 (Mar 21) to -13.65, marking a decrease of 11.90.
For Net Profit Margin (%), as of Mar 22, the value is -13.18. This value is below the healthy minimum of 5. It has decreased from -1.32 (Mar 21) to -13.18, marking a decrease of 11.86.
For NP After MI And SOA Margin (%), as of Mar 22, the value is -12.69. This value is below the healthy minimum of 8. It has decreased from -1.07 (Mar 21) to -12.69, marking a decrease of 11.62.
For Return on Networth / Equity (%), as of Mar 22, the value is -1,896.77. This value is below the healthy minimum of 15. It has decreased from -13.86 (Mar 21) to -1,896.77, marking a decrease of 1,882.91.
For Return on Capital Employeed (%), as of Mar 22, the value is -33.64. This value is below the healthy minimum of 10. It has decreased from 12.94 (Mar 21) to -33.64, marking a decrease of 46.58.
For Return On Assets (%), as of Mar 22, the value is -19.50. This value is below the healthy minimum of 5. It has decreased from -1.46 (Mar 21) to -19.50, marking a decrease of 18.04.
For Long Term Debt / Equity (X), as of Mar 22, the value is 32.19. This value exceeds the healthy maximum of 1. It has increased from 1.47 (Mar 21) to 32.19, marking an increase of 30.72.
For Total Debt / Equity (X), as of Mar 22, the value is 67.59. This value exceeds the healthy maximum of 1. It has increased from 5.63 (Mar 21) to 67.59, marking an increase of 61.96.
For Asset Turnover Ratio (%), as of Mar 22, the value is 1.42. It has increased from 1.24 (Mar 21) to 1.42, marking an increase of 0.18.
For Current Ratio (X), as of Mar 22, the value is 1.12. This value is below the healthy minimum of 1.5. It has increased from 1.04 (Mar 21) to 1.12, marking an increase of 0.08.
For Quick Ratio (X), as of Mar 22, the value is 0.84. This value is below the healthy minimum of 1. It has increased from 0.76 (Mar 21) to 0.84, marking an increase of 0.08.
For Inventory Turnover Ratio (X), as of Mar 22, the value is 5.54. This value is within the healthy range. It has increased from 4.06 (Mar 21) to 5.54, marking an increase of 1.48.
For Dividend Payout Ratio (NP) (%), as of Mar 22, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 21) which recorded 0.00.
For Dividend Payout Ratio (CP) (%), as of Mar 22, the value is 0.00. This value is below the healthy minimum of 20. There is no change compared to the previous period (Mar 21) which recorded 0.00.
For Earning Retention Ratio (%), as of Mar 22, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 21) which recorded 0.00.
For Cash Earning Retention Ratio (%), as of Mar 22, the value is 0.00. This value is below the healthy minimum of 40. There is no change compared to the previous period (Mar 21) which recorded 0.00.
For Interest Coverage Ratio (X), as of Mar 22, the value is -1.51. This value is below the healthy minimum of 3. It has decreased from 1.25 (Mar 21) to -1.51, marking a decrease of 2.76.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 22, the value is -2.01. This value is below the healthy minimum of 3. It has decreased from 0.70 (Mar 21) to -2.01, marking a decrease of 2.71.
For Enterprise Value (Cr.), as of Mar 22, the value is 52.11. It has decreased from 60.38 (Mar 21) to 52.11, marking a decrease of 8.27.
For EV / Net Operating Revenue (X), as of Mar 22, the value is 0.72. This value is below the healthy minimum of 1. It has decreased from 0.81 (Mar 21) to 0.72, marking a decrease of 0.09.
For EV / EBITDA (X), as of Mar 22, the value is -10.79. This value is below the healthy minimum of 5. It has decreased from 14.41 (Mar 21) to -10.79, marking a decrease of 25.20.
For MarketCap / Net Operating Revenue (X), as of Mar 22, the value is 0.29. This value is below the healthy minimum of 1. It has decreased from 0.40 (Mar 21) to 0.29, marking a decrease of 0.11.
For Retention Ratios (%), as of Mar 22, the value is 0.00. This value is below the healthy minimum of 30. There is no change compared to the previous period (Mar 21) which recorded 0.00.
For Price / BV (X), as of Mar 22, the value is 43.45. This value exceeds the healthy maximum of 3. It has increased from 5.17 (Mar 21) to 43.45, marking an increase of 38.28.
For Price / Net Operating Revenue (X), as of Mar 22, the value is 0.29. This value is below the healthy minimum of 1. It has decreased from 0.40 (Mar 21) to 0.29, marking a decrease of 0.11.
For EarningsYield, as of Mar 22, the value is -0.43. This value is below the healthy minimum of 5. It has decreased from -0.02 (Mar 21) to -0.43, marking a decrease of 0.41.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Eastern Treads Ltd as of February 26, 2025 is: ₹41.86

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of February 26, 2025, Eastern Treads Ltd is Undervalued by 8.17% compared to the current share price 38.70

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of Eastern Treads Ltd as of February 26, 2025 is: 29.37

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of February 26, 2025, Eastern Treads Ltd is Overvalued by 24.11% compared to the current share price ₹38.70

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: -29.83%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
	The stock has a low average ROCE of 5.25%, which may not be favorable. The stock has a high average Working Capital Days of 77.15, which may not be favorable. The stock has a high average Cash Conversion Cycle of 79.97, which may not be favorable. The company has higher borrowings (26.46) compared to reserves (-2.35), which may suggest financial risk. The company has not shown consistent growth in sales (77.02) and profit (-1.31).

Strength

Weakness

The stock has a low average ROCE of 5.25%, which may not be favorable.
The stock has a high average Working Capital Days of 77.15, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 79.97, which may not be favorable.
The company has higher borrowings (26.46) compared to reserves (-2.35), which may suggest financial risk.
The company has not shown consistent growth in sales (77.02) and profit (-1.31).

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Eastern Treads Ltd:
1. Net Profit Margin: -13.18%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: -33.64% (Industry Average ROCE: 8.52%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -1896.77% (Industry Average ROE: 7.06%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): -2.01
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.84
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 37.53)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 67.59
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Eastern Treads Ltd. is a Public Limited Listed company incorporated on 02/07/1993 and has its registered office in the State of Kerala, India. Company's Corporate Identification Number(CIN) is L25119KL1993PLC007213 and registration number is 007213. Currently Company is involved in the business activities of Manufacture of rubber tyres and tubes; retreading and rebuilding of rubber tyres. Company's Total Operating Revenue is Rs. 59.53 Cr. and Equity Capital is Rs. 5.41 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Rubber Processing/Rubber Products	3A, 3rd Floor, Eastern Corporate Office, Ernakulam Kerala 682024	treads@easterntreads.in http://www.easterntreads.com

Management
Name	Position Held
Mr. Navas M Meeran	Chairman
Mr. M E Mohamed	Managing Director
Mr. Naiju Joseph	Director
Mrs. Shereen Navaz	Director
Mrs. Rani Joseph	Director
Mr. Natarajan Jeyaseelan	Additional Director

FAQ

What is the latest intrinsic value of Eastern Treads Ltd?

Let's break down Eastern Treads Ltd's intrinsic value simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 26 February 2025:

Calculated Fair Value: ₹41.86
Current Market Price: ₹38.70
Variance: 8.17% higher

This suggests Eastern Treads Ltd is currently undervalued by 8.17%. For context:

Market Cap: 20.2 Cr.
52-Week Range: 51.4/31.0
Reserves (Sep 2024): -17.33 Cr
Liabilities: 33.61 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

What is the Market Cap of Eastern Treads Ltd?

The Market Cap of Eastern Treads Ltd is 20.2 Cr..

What is the current Stock Price of Eastern Treads Ltd as on 26 February 2025?

The current stock price of Eastern Treads Ltd as on 26 February 2025 is ₹38.7.

What is the High / Low of Eastern Treads Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Eastern Treads Ltd stocks is 51.4/31.0.

What is the Stock P/E of Eastern Treads Ltd?

The Stock P/E of Eastern Treads Ltd is .

What is the Book Value of Eastern Treads Ltd?

The Book Value of Eastern Treads Ltd is 22.8.

What is the Dividend Yield of Eastern Treads Ltd?

The Dividend Yield of Eastern Treads Ltd is 0.00 %.

What is the ROCE of Eastern Treads Ltd?

The ROCE of Eastern Treads Ltd is 0.62 %.

What is the ROE of Eastern Treads Ltd?

The ROE of Eastern Treads Ltd is %.

What is the Face Value of Eastern Treads Ltd?

The Face Value of Eastern Treads Ltd is 10.0.