Eastern Treads

Why is Eastern Treads Ltd falling/rising?

As of 17-Jul, Eastern Treads Ltd's stock price is at 29.00, down 1.49%, and has underperformed against the Sensex. Despite a recent monthly gain of 4.81%, the stock shows a negative long-term trend with significant declines over the past year and three years, alongside reduced investor interest.

As of 17-Jul, Eastern Treads Ltd's stock price is falling, currently at 29.00, reflecting a decrease of 0.44 or 1.49%. The stock has underperformed compared to the benchmark Sensex, which has gained 0.75% over the past week while Eastern Treads Ltd has declined by 1.69%. Over a longer period, the stock has shown a year-to-date decline of 4.42%, contrasting with the Sensex's decline of 8.30%. However, the stock's performance over the past month is positive, with a gain of 4.81%, indicating some recent recovery.<BR><BR>Despite this, the stock's overall trend remains negative, as evidenced by its significant declines over the past year (15.57%) and three years (12.25%), compared to the Sensex's smaller declines of 4.99% and gains of 17.36%, respectively. Additionally, there is a notable decrease in investor participation, with delivery volume dropping by 85.74% against the five-day average, suggesting reduced interest in trading the stock. The stock's performance today has also been poor, underperforming its sector by 1.77%. While it is trading above its 20-day, 50-day, and 100-day moving averages, it is below its 5-day and 200-day moving averages, indicating mixed signals in terms of momentum. Overall, these factors contribute to the stock's current downward trajectory.

Which are the latest news on Eastern Treads?

How big is Eastern Treads?

As of 10th June, Eastern Treads Ltd has a market capitalization of 15.00 Cr and reported Net Sales of 76.48 Cr with a Net Profit loss of 9.17 Cr over the latest 4 quarters. Shareholder's Funds are valued at 0.48 Cr, and Total Assets amount to 47.04 Cr.

As of 10th June, Eastern Treads Ltd has a market capitalization of 15.00 Cr and is classified as a Micro Cap company.<BR><BR>In the latest 4 quarters, Eastern Treads reported Net Sales of 76.48 Cr. However, the company experienced a loss of 9.17 Cr in Net Profit during the same period.<BR><BR>The latest annual reporting period for the balance sheet is March 2022. Shareholder's Funds are valued at 0.48 Cr, while Total Assets amount to 47.04 Cr.

Who are in the management team of Eastern Treads?

The management team of Eastern Treads includes M E Mohamed as Managing Director, Navas M Meeran as Chairman, and several non-executive and independent directors, along with Abil Anil as Company Secretary and Compliance Officer.

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>If you need more specific information about any of these members or their roles, feel free to ask!

Who are the peers of the Eastern Treads?

Peers of Eastern Treads include Indag Rubber, Dolfin Rubbers, Tirupati Innovar, M M Rubber, Cochin Malabar, Vamshi Rubber, Viaz Tyres, and Emerald Tyre. Viaz Tyres shows the best performance in management risk and growth, while Eastern Treads has a 1-year return of -22.95%, better than Indag Rubber's -42.26%.

Peers: The peers of Eastern Treads are Indag Rubber, Dolfin Rubbers, Tirupati Innovar, M M Rubber, Cochin Malabar, Vamshi Rubber, Viaz Tyres, and Emerald Tyre.<BR><BR>Quality Snapshot: Excellent management risk is observed at Viaz Tyres, while Average management risk is found at Indag Rubber, Dolfin Rubbers, and M M Rubber, and the rest. Below Average management risk is noted at Tirupati Innovar and Vamshi Rubber, while Cochin Malabar does not qualify. Growth is Excellent at Viaz Tyres, Average at Tirupati Innovar, and the rest, while Below Average growth is seen at Indag Rubber, Dolfin Rubbers, M M Rubber, Vamshi Rubber, and Emerald Tyre. Cochin Malabar and Eastern Treads do not qualify for growth. Good capital structure is present at Indag Rubber, Dolfin Rubbers, and Tirupati Innovar, while Below Average capital structure is found at M M Rubber, Vamshi Rubber, and Emerald Tyre, with Cochin Malabar and Eastern Treads not qualifying.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Viaz Tyres at 0.00%, while the lowest is Indag Rubber at -42.26%. Eastern Treads has a 1-year return of -22.95%, which is better than Indag Rubber but worse than Viaz Tyres. Additionally, the six-month returns are negative for Indag Rubber, M M Rubber, Vamshi Rubber, and Eastern Treads.

What does Eastern Treads do?

Eastern Treads Ltd is a micro-cap company in the Tyres & Rubber Products industry, specializing in manufacturing tread rubber, adhesives, and retreading services. As of March 2026, it reported net sales of 13 Cr and a net profit of 1 Cr.

Overview:<BR>Eastern Treads Ltd is a micro-cap company operating in the Tyres & Rubber Products industry, primarily engaged in the manufacturing and dealing of tread rubber, rubber-based adhesives, tyre retreading accessories, and retreading services.<BR><BR>History:<BR>Eastern Treads Limited was incorporated in July 1993. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 13 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 1 Cr (Quarterly Results - Mar 2026)<BR>- Market-cap: INR 15 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A<BR>- Industry P/E: 63<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -2.54<BR>- Return on Equity: 15.52%<BR>- Price to Book: -1.14<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

Should I buy, sell or hold Eastern Treads Ltd?

When is the next results date for Eastern Treads Ltd?

The next results date for Eastern Treads Ltd is 20 May 2026.

The next results date for Eastern Treads Ltd is scheduled for 20 May 2026.

Are Eastern Treads Ltd latest results good or bad?

Eastern Treads Ltd's latest results show slight improvement in net sales and a significant profit increase, but the company still faces serious financial challenges, including negative operating margins and a history of losses. Overall, the results are not good, indicating ongoing operational issues and underperformance compared to its sector.

Eastern Treads Ltd's latest results indicate a challenging situation for the company. While there has been a slight improvement in net sales and a significant increase in standalone net profit on a quarter-over-quarter basis, the overall financial health remains concerning.<BR><BR>In the quarter ended December 2025, net sales showed a modest growth of 0.31%, and the standalone net profit increased by 128.30%. However, this follows a period of substantial losses and operational inefficiencies. The company has been struggling with negative operating margins and a history of losses, which have led to a negative book value per share of ₹-12.90. This reflects accumulated losses that have eroded shareholder equity.<BR><BR>Moreover, Eastern Treads has underperformed significantly compared to its sector, with a decline of 23.60% in stock performance over the past year, while the broader Tyres & Rubber Products sector gained 71.97%. This stark contrast highlights ongoing operational challenges and a lack of competitive positioning.<BR><BR>Overall, while there are some signs of improvement in the most recent quarter, the company's long-term fundamentals remain weak, and it continues to face significant risks. Therefore, the latest results can be characterized as not good, reflecting a company still grappling with serious financial and operational issues.

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.

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.

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.

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.