Eastern Treads

Who are in the management team of Eastern Treads?

As of March 2022, the management team of Eastern Treads includes M E Mohamed (Managing Director), Navas M Meeran (Chairman), and several non-executive and independent directors, along with Abil Anil as Company Secretary.

As of March 2022, the management team of Eastern Treads includes the following individuals:<BR><BR>1. M E Mohamed - Managing Director<BR>2. Navas M Meeran - Chairman (Non-Executive)<BR>3. Naiju Joseph - Non-Executive & Non-Independent Director<BR>4. K S Neelacanta Iyer - Non-Executive & Independent Director<BR>5. Shereen Navaz - Non-Executive & Non-Independent Director<BR>6. M S Ranganathan - Non-Executive & Independent Director<BR>7. Rani Joseph - Non-Executive & Independent Director<BR>8. Abil Anil - Company Secretary & Compliance Officer<BR><BR>These individuals play various roles within the company's governance structure.

Has Eastern Treads declared dividend?

Eastern Treads Ltd has declared a 5% dividend, amounting to 0.5 per share, with an ex-date of June 29, 2017. However, the dividend yield is 0%, indicating that dividends have not significantly impacted total returns, which have varied across different periods.

Eastern Treads Ltd has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5<BR>- Ex-date: Jun-29-2017<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -13.67%, the dividend return was 0%, resulting in a total return of -13.67%.<BR><BR>For the 1-year period, the price return was -8.89%, the dividend return was 0%, leading to a total return of -8.89%.<BR><BR>Over the 2-year period, the price return was 13.67%, the dividend return was 0%, which resulted in a total return of 13.67%.<BR><BR>In the 3-year period, the price return was -1.33%, the dividend return was 0%, culminating in a total return of -1.33%.<BR><BR>For the 4-year period, the price return was -32.35%, the dividend return was 0%, resulting in a total return of -32.35%.<BR><BR>Lastly, in the 5-year period, the price return was 81.3%, the dividend return was 0%, leading to a total return of 81.3%.<BR><BR>Overall, while Eastern Treads Ltd declared a dividend, the dividend yield remains at 0%, indicating that the dividends have not significantly contributed to returns in recent periods. The total returns show a mixed performance, with some periods reflecting negative returns despite a strong performance over the 5-year horizon.

Who are the peers of the Eastern Treads?

Eastern Treads' peers include MRF, Balkrishna Industries, Apollo Tyres, CEAT, JK Tyre & Industries, TVS Srichakra, Goodyear India, Tolins Tyres, Indag Rubber, and Modi Rubber. In terms of performance, Modi Rubber leads with a 1-year return of 36.90%, while Eastern Treads has a return of -19.41%, slightly better than Balkrishna Industries at -19.79%.

Peers: The peers of Eastern Treads are MRF, Balkrishna Inds, Apollo Tyres, CEAT, JK Tyre & Indust, TVS Srichakra, Goodyear India, Tolins Tyres, Indag Rubber, and Modi Rubber.<BR><BR>Quality Snapshot: Excellent management risk is observed at MRF and Balkrishna Inds, while Good management risk is found at Apollo Tyres, CEAT, JK Tyre & Indust, and Goodyear India, and the rest have Average or Below Average management risk. Growth is Excellent at Apollo Tyres, Good at MRF, CEAT, and the rest have Average or Below Average growth. Capital Structure is Excellent at MRF and Goodyear India, Good at Balkrishna Inds and Tolins Tyres, while Average is found at CEAT, and Below Average at JK Tyre & Indust, TVS Srichakra, Modi Rubber, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Modi Rubber at 36.90%, while Balkrishna Inds has the lowest at -19.79%. Eastern Treads' 1-year return of -19.41% is slightly better than Balkrishna Inds. Additionally, several peers, including TVS Srichakra, Goodyear India, Indag Rubber, and others, have negative six-month returns.

Is Eastern Treads overvalued or undervalued?

As of April 25, 2023, Eastern Treads is considered risky and overvalued due to its negative financial metrics, including a PE ratio of -5.72 and a year-to-date stock performance of -5.84%, significantly underperforming compared to industry peers and the Sensex.

As of 25 April 2023, the valuation grade for Eastern Treads has moved from does not qualify to risky, indicating a significant deterioration in its financial standing. The company appears to be overvalued based on its negative PE ratio of -5.72, an EV to EBITDA of -49.54, and a ROCE of -8.89%. These ratios suggest that the company is struggling to generate positive returns and is not performing well compared to its peers.<BR><BR>In comparison to its industry peers, Eastern Treads stands out negatively; for instance, Cupid has a PE ratio of 70.91, while Pix Transmission has a PE of 19.3. The stark contrast in valuation metrics highlights the challenges Eastern Treads faces in the market. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -5.84% compared to the Sensex's 5.59%. Overall, the financial indicators and peer comparisons suggest that Eastern Treads is overvalued in its current state.

What is the technical trend for Eastern Treads?

As of June 6, 2025, Eastern Treads is in a bearish trend, supported by negative signals from MACD, Bollinger Bands, and daily moving averages, despite some mixed indicators from KST and Dow Theory.

As of 6 June 2025, the technical trend for Eastern Treads has changed from mildly bearish to bearish. The current stance is bearish with a strong indication from multiple time frames. The MACD is bearish on both the weekly and monthly charts, and Bollinger Bands also reflect a bearish trend in the same time frames. Daily moving averages confirm the bearish outlook. Although the KST shows a mildly bullish signal on the weekly chart, it is countered by a mildly bearish reading on the monthly chart. Dow Theory indicates a mildly bearish stance on the weekly but a mildly bullish one on the monthly, suggesting some divergence. Overall, the bearish indicators dominate, signaling a weak technical position for Eastern Treads.

What does Eastern Treads do?

Eastern Treads Ltd is a micro-cap company in the Tyres & Rubber Products industry, focusing on manufacturing tread rubber, adhesives, and providing tyre retreading services. As of March 2025, it reported net sales of 157 Cr and a net profit of -2 Cr, with a market cap of INR 18 Cr.

Overview:<BR>Eastern Treads Ltd is a micro-cap company in the Tyres & Rubber Products industry, specializing in the manufacturing and dealing of tread rubber, rubber-based adhesives, tyre retreading accessories, and retreading services.<BR><BR>History:<BR>Incorporated in July 1993, Eastern Treads Ltd has maintained its operations in the tyre and rubber sector. The latest quarterly results reported net sales and profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 157 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -2 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: INR 18 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: N/A <BR>Industry P/E: 35 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -2.51 <BR>Return on Equity: 23.77% <BR>Price to Book: -1.39 <BR><BR>Contact Details:<BR>Address: 3A 3rd Flr 34/137 E NH Bypass, Edappally Ernakulam Kochi Kerala : 682024 <BR>Tel: 91-0484-3001100 <BR>Email: treads@eastern.in <BR>Website: http://www.easterntreads.com

Who are the top shareholders of the Eastern Treads?

The top shareholder of Eastern Treads is Navas Meeran, holding 25.86%, with no pledged promoter holdings. The highest public shareholder is Ashish Dilipbhai Shah at 4.02%, while individual investors collectively own 26.16% of the shares.

The top shareholders of Eastern Treads primarily consist of promoters, with Navas Meeran holding the largest stake at 25.86%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Ashish Dilipbhai Shah, who owns 4.02%. Additionally, individual investors collectively hold 26.16% of the company's shares.

How big is Eastern Treads?

As of 24th July, Eastern Treads Ltd has a market capitalization of 18.00 Cr and reported Net Sales of 76.48 Cr, but incurred a Net Profit loss of 9.17 Cr in the latest four quarters.

As of 24th July, Eastern Treads Ltd has a market capitalization of 18.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Eastern Treads reported Net Sales of 76.48 Cr. However, the company experienced a Net Profit loss of 9.17 Cr during the same period.<BR><BR>The latest annual reporting period for Eastern Treads is March 2022. At that time, Shareholder's Funds were valued at 0.48 Cr, while Total Assets amounted to 47.04 Cr.

When is the next results date for Eastern Treads?

The next results date for Eastern Treads is 14 August 2025.

The next results date for Eastern Treads is scheduled for 14 August 2025.

Are Eastern Treads latest results good or bad?

Eastern Treads' latest results show mixed performance; while there was an improvement in Profit After Tax and net sales for June 2025, the subsequent quarter saw a decline in both sales and profit, raising concerns about the company's short-term sustainability.

Eastern Treads has shown a mixed performance in its latest results for the quarter ending June 2025. On one hand, there are positive indicators such as a notable increase in Profit After Tax (PAT) to Rs -0.14 crore, which is the highest it has been in the last five quarters. Additionally, net sales reached Rs 16.65 crore, reflecting a positive trend in sales performance, and the Operating Profit (PBDIT) also improved to Rs 0.51 crore, indicating better operational efficiency.<BR><BR>However, the subsequent quarter's results for September 2025 indicate a decline, with net sales dropping by 3.12% and a significant decrease in standalone net profit by 278.57%. This suggests that while there was an improvement in the June quarter, the following quarter has not maintained that momentum, leading to concerns about the company's short-term performance.<BR><BR>Overall, while Eastern Treads has made some progress in its financial health recently, the latest results indicate a downturn that could raise questions about its sustainability moving forward.

Should I buy, sell or hold Eastern Treads?

How has been the historical performance of Eastern Treads?

Eastern Treads has experienced a declining trend in net sales and profitability over the past four years, with net sales dropping to 72.28 Cr in March 2022 and an operating profit of -5.19 Cr. The company's financial position has tightened, reflected in decreased total assets and increased expenditures.

Answer:<BR>The historical performance of Eastern Treads shows a declining trend in net sales and profitability over the past four years.<BR><BR>Breakdown:<BR>Eastern Treads reported net sales of 72.28 Cr in March 2022, down from 74.41 Cr in March 2021, 78.32 Cr in March 2020, and 97.46 Cr in March 2019. The total operating income mirrored this decline, remaining at 72.28 Cr in March 2022. The company's total expenditure, excluding depreciation, increased to 77.47 Cr in March 2022 from 70.55 Cr in March 2021, leading to an operating profit (PBDIT) of -5.19 Cr in March 2022, a significant drop from the positive operating profits of previous years. Profit before tax also worsened to -9.86 Cr in March 2022, compared to -1.30 Cr in March 2021. Consequently, the profit after tax for March 2022 was -9.65 Cr, further illustrating the company's struggles. The total assets decreased to 47.04 Cr in March 2022 from 54.66 Cr in March 2021, while total liabilities also declined to 47.04 Cr, indicating a tightening financial position. Cash flow from operating activities was 1.00 Cr in March 2022, consistent with the previous year, but overall, the financial metrics reflect a challenging period for Eastern Treads.

Which are the latest news on Eastern Treads?

Why is Eastern Treads Ltd falling/rising?

As of 18-Jan, Eastern Treads Ltd's stock price is declining at 31.44, reflecting a trend reversal after previous gains and significant underperformance against the Sensex. The company faces financial instability with negative book value, weak sales growth, high debt, and decreased investor participation.

As of 18-Jan, Eastern Treads Ltd's stock price is falling, currently at 31.44, reflecting a change of -0.05 (-0.16%). The stock has shown a trend reversal, having fallen after two consecutive days of gains. Over the past week, the stock has underperformed the benchmark, with a decline of -0.32% compared to the Sensex's -0.01%. <BR><BR>In terms of longer-term performance, the stock has significantly underperformed over the past year, with a return of -21.16%, while the Sensex has gained 8.47%. This consistent underperformance against the benchmark over the last three years, where the stock has generated negative returns, indicates a weak position in the market.<BR><BR>Additionally, there are concerning financial indicators contributing to the stock's decline. The company has a negative book value and a weak long-term fundamental strength, with net sales growing at a mere annual rate of 0.22% and operating profit at 0% over the last five years. The company is also characterized by high debt, with a debt-to-equity ratio averaging at 0 times, which raises further concerns about its financial stability.<BR><BR>Investor participation has also decreased, as evidenced by a significant drop in delivery volume, which fell by -82.91% against the five-day average. This decline in investor interest, combined with the company's poor financial performance and high debt levels, contributes to the stock's falling price.