Eastern Treads Limited

Eastern Treads Limited

BBSE:EASTRED
29.90
INR
+0.40
(+1.36%)
0.12EPS
246.59P/E
151.75MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
166.54
166.75
166.7
171.12
177.35
182.36
147.37
125.98
136.83
111.53
110.48
111.29
115.77
113.65
Basic EPS, GAAP
3.07
3.01
6.52
2.52
-4.38
-3.38
-2.57
-1.53
-18.5
-13.82
-5.63
-5.79
0.16
0.12
Free Cash Flow per Basic Share
-15.07
6.44
4.23
-8.91
-1.55
0.1
-5.05
5.05
2.14
8.01
5.3
-0.03
0.19
- -
Dividend per Share
- -
0.6
1.11
0.57
0.57
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
9.05
12.21
3.24
6.83
18.93
15.17
12.49
11.01
0.92
-13.11
-18.47
-24.44
-24.12
- -
Tangible Book Value per Share
8.93
12.03
2.98
6.61
18.59
14.09
10.18
7.77
0.86
-13.13
-18.48
-24.66
-24.36
- -
Basic Weighted Avg Shares
5
5
5
5
5
5
5
5
5
5
5
5
5
5
Sales/Revenue/Turnover
890
872
872
895
928
954
771
659
716
584
578
582
606
598
Operating Margin (%)
4.07
2.67
7.34
4.74
0.34
1.19
1.67
2.76
-9.86
-7.81
-0.68
-2.96
1.08
0.45
Depreciation Expense
8
9
12
18
21
26
25
21
18
17
12
8
7
7
Net Income, GAAP
16
16
34
13
-23
-18
-13
-8
-97
-72
-29
-30
1
1
Effective Tax Rate (%)
33.75
34.81
33.65
27.23
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
1.84
1.81
3.91
1.47
-2.47
-1.85
-1.75
-1.21
-13.52
-12.39
-5.1
-5.21
0.14
0.1
Working Capital
79
80
72
63
12
-5
-26
16
33
-84
-133
-178
-146
- -
LT Debt
13
24
81
87
83
80
52
49
125
106
58
52
34
- -
Total Equity
151
164
117
126
99
78
62
52
5
-69
-97
-128
-126
- -
Return on Invested Capital (%)
6.27
3.34
13.15
4.83
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
9.32
9.13
16.06
9.73
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
39.09
27.54
84.41
49.98
-34.04
-19.81
-18.6
-12.99
-310
- -
- -
- -
- -
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
228
- -
LT Borrowings
- -
34
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
5
Market Capitalization
159
148
152

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
209
- -
Cash, Cash Equivalents & STI
- -
6
- -
Accounts Receivable, Net
- -
128
- -
Inventories
- -
61
- -
Total Current Liabilities
- -
356
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
228
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-160.77%
-307.35%
-1.28%
Free Cash Flow
-648.46%
-122.8%
-696.49%
Net Income, GAAP
50.45%
185.49%
-102.82%
Sales/Revenue/Turnover
-3.06%
-1.21%
4.05%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
142
142
161
157
582
2026
166
161
162
135
606
2027
141
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
-2.67
-1.79
-0.89
-0.44
-5.79
2026
-0.27
-1.02
0.28
1.17
0.16
2027
-0.31
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

CEO
Navas Manalumparayil Meeran
Full Time Employees
179
Sector
Consumer services
Industry
Other consumer services
Address
Eastern Corporate Office Ernakulam KE India 682024
IPO Date
Oct 9, 1995
Business
Eastern Treads Limited manufactures and markets tire retreading materials, including precured tread rubber for trucks, buses, light commercial vehicles, cars, and two-wheelers; hot rubber slabs and camelback treads; bonding gum; black vulcanizing cement; repair patches; and related accessories such as vulcanizing solutions. The company operates primarily in the tires and rubber products segment of the automobile components industry, serving retreaders, fleet operators, state road transport corporations, and mine operators through an extensive dealer and depot network. It maintains geographic presence in India as well as export markets in the Middle East, Africa, South America, Nepal, Bangladesh, and Bhutan, with headquarters in Kochi, Kerala, India. Founded in 1993 and listed on the Bombay Stock Exchange under the ticker EASTRED.BO (originally incorporated as Eastern Precured Treads Limited), the company holds ISO 9001-2008 certification and specializes in both hot and cold retreading processes with radial patterns suited to diverse vehicle types and road conditions. In recent developments, Eastern Treads approved its unaudited Q1 financial results for the quarter ended June 30, 2025, during a board meeting on August 14, 2025, alongside appointing Dr. Siby Varghese as an independent director, Mr. Devarajan Krishnan as executive director and CFO, and re-appointing BVR and Associates as secretarial auditors for FY 2025-2026.[screener.in] The company continues to innovate with products like Diamond Quality Tyre Re-treads for enhanced mileage and Infinity grade retread belts, while its AGM was held on September 25, 2024, with the balance sheet filed as of March 31, 2024. These changes reflect ongoing efforts to strengthen governance and operational efficiency amid market challenges.[screener.in]