Emerald Tyre

Why is Emerald Tyre Manufacturers Ltd falling/rising?

As of 19-Jun, the stock price of Emerald Tyre Manufacturers Ltd is currently at 88.00, reflecting a 7.06% increase due to strong recent performance compared to the Sensex and its sector. However, it has declined 15.55% year-to-date and 26.05% over the past year, with a significant drop in investor participation.

As of 19-Jun, the stock price of Emerald Tyre Manufacturers Ltd is rising, currently at 88.00, which reflects a change of 5.8 or 7.06% increase. This upward movement can be attributed to the stock's strong performance over the past week, where it has outperformed the benchmark Sensex by 12.71%, with a weekly increase of 14.36% compared to the Sensex's 1.65%. Additionally, today's performance indicates that the stock has outperformed its sector by 7.47%. <BR><BR>Despite this positive momentum, it is important to note that the stock has experienced a significant decline year-to-date, down 15.55%, and a 26.05% drop over the past year. Furthermore, there has been a notable decrease in investor participation, as evidenced by a delivery volume that has fallen by 81.13% against the 5-day average. This decline in participation could impact future price movements. However, the current rise in stock price is primarily driven by recent strong performance metrics and positive comparisons to both the sector and the broader market.

Which are the latest news on Emerald Tyre?

What does Emerald Tyre do?

Emerald Tyre Manufacturers Ltd produces tyres and rubber products and operates in the micro-cap market with a market cap of INR 160 Cr. Key financial metrics include a P/E ratio of 18.00, a dividend yield of 1.22%, and a debt-equity ratio of 0.89.

Overview:<BR>Emerald Tyre Manufacturers Ltd is engaged in the production of tyres and rubber products, operating within the micro-cap segment of the market.<BR><BR>History:<BR>Emerald Tyre Manufacturers Limited was originally incorporated as "Emrald Resilient Tyre Manufactures Private Limited" on March 27, 2002, in Tamil Nadu. There are no reported status changes or sales and profit data for the latest quarter.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: N/A<BR>Market-cap value: INR 160 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 18.00<BR>Industry P/E: 19<BR>Dividend Yield: 1.22%<BR>Debt-Equity: 0.89<BR>Return on Equity: 6.87%<BR>Price-to-Book: 1.26<BR><BR>Contact Details:<BR>Registrar Address: Not available. <BR>Phone: N/A<BR>Email: N/A<BR>Website: N/A

Who are the peers of the Emerald Tyre?

Emerald Tyre's peers include Tolins Tyres, Modi Rubber, Viaz Tyres, Dolfin Rubbers, Indag Rubber, Tirupati Innovar, Megamont, and M M Rubber. In terms of management risk, growth, and capital structure, they vary from excellent to below average, with Viaz Tyres showing the highest 1-year return at 15.25% and Emerald Tyre at -34.92%.

Peers: The peers of Emerald Tyre are Tolins Tyres, Modi Rubber, Viaz Tyres, Dolfin Rubbers, Indag Rubber, Tirupati Innovar, Megamont, and M M Rubber.<BR><BR>Quality Snapshot: Excellent management risk is observed at Tolins Tyres, while Average management risk is found at Emerald Tyre, Viaz Tyres, Dolfin Rubbers, Indag Rubber, and M M Rubber, and Below Average management risk is seen at Modi Rubber and Tirupati Innovar. Growth is Excellent at Viaz Tyres, while Below Average growth is noted at Modi Rubber, Emerald Tyre, Dolfin Rubbers, Indag Rubber, and M M Rubber, and Average growth is observed at Tirupati Innovar. Capital Structure is Excellent at Tolins Tyres, Good at Dolfin Rubbers and Indag Rubber, Average at Viaz Tyres, and Below Average at Modi Rubber, Emerald Tyre, and M M Rubber.<BR><BR>Return Snapshot: Viaz Tyres has the highest 1-year return at 15.25%, while Tolins Tyres has the lowest at -39.53%, with Emerald Tyre's 1-year return of -34.92% being better than Tolins Tyres but worse than Viaz Tyres. Additionally, Dolfin Rubbers, Indag Rubber, Tirupati Innovar, Megamont, and M M Rubber all have a six-month return of 0.00%.

Is Emerald Tyre overvalued or undervalued?

As of September 23, 2025, Emerald Tyre is considered very expensive and overvalued with a PE ratio of 25.92, an EV to EBITDA of 11.70, and a year-to-date return of -30.38%, significantly underperforming compared to its peers and the Sensex.

As of 23 September 2025, the valuation grade for Emerald Tyre has moved from expensive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 25.92, an EV to EBITDA of 11.70, and a Price to Book Value of 2.02, which suggest that the stock is trading at a premium compared to its earnings and asset values.<BR><BR>In comparison to its peers, Emerald Tyre's valuation stands out as particularly high, especially when compared to MRF, which has a PE ratio of 36.60 and an EV to EBITDA of 16.47, and Apollo Tyres, which is considered attractive with a PE ratio of 29.73 and an EV to EBITDA of 9.82. The recent performance of Emerald Tyre has also been underwhelming, with a year-to-date return of -30.38%, contrasting sharply with the Sensex's positive return of 6.45% in the same period, further reinforcing the notion that the stock is overvalued.

How big is Emerald Tyre?

As of 23rd July, Emerald Tyre Manufacturers Ltd has a market capitalization of 225.00 Cr and is classified as a Micro Cap. There is no valid data available for recent net sales, net profit, shareholder's funds, or total assets.

As of 23rd July, <BR><BR>Market Cap: Emerald Tyre Manufacturers Ltd has a market capitalization of 225.00 Cr and is classified as a Micro Cap.<BR><BR>Recent Quarterly Performance: There is no valid data available for Net Sales and Net Profit for the latest 4 quarters.<BR><BR>Balance Sheet Snapshot: There is no valid data available for the latest annual period regarding Shareholder's Funds and Total Assets.

What is the technical trend for Emerald Tyre?

As of June 5, 2025, Emerald Tyre shows a mildly bullish trend with limited strength, indicated by mixed signals from Bollinger Bands, On-Balance Volume, and MACD, while the price remains stable at 126.00.

As of 5 June 2025, the technical trend for Emerald Tyre has changed from sideways to mildly bullish. The weekly Bollinger Bands and On-Balance Volume indicate a mildly bullish stance, while the MACD and KST show no clear signals. The Dow Theory reflects no trend on the weekly timeframe. The current price is at 126.00, with today's high and low both at 126.00, suggesting a lack of volatility. Overall, the strength of the bullish trend appears limited given the mixed signals across different indicators.

How has been the historical performance of the Emerald Tyre?

Emerald Tyre has shown significant improvement in profitability, moving from a loss of Rs -2.00 crore in March 2021 to a profit of Rs 14.00 crore in March 2024, with cash flow increasing to Rs 16.00 crore. Despite worsening working capital, the company has achieved a positive net cash inflow of Rs 1.00 crore in March 2024, indicating improved liquidity.

Answer:<BR>The historical performance of Emerald Tyre shows a positive trend in profit and cash flow over the past four years.<BR><BR>Breakdown:<BR>Emerald Tyre's profit before tax has improved significantly, rising from a loss of Rs -2.00 crore in March 2021 to a profit of Rs 14.00 crore in March 2024. The adjustments made during this period also reflect growth, increasing from Rs 9.00 crore in March 2021 to Rs 14.00 crore in March 2024. However, changes in working capital have worsened, with negative values increasing from Rs -7.00 crore in March 2021 to Rs -13.00 crore in March 2024. Despite this, the cash flow after changes in working capital has shown a steady increase, reaching Rs 16.00 crore in March 2024, up from Rs 0.00 crore in March 2021. Cash flow from operating activities has also improved, moving from Rs -1.00 crore in March 2021 to Rs 13.00 crore in March 2024. Cash flow from investing activities has remained negative but has decreased in magnitude, from Rs -14.00 crore in March 2022 to Rs -11.00 crore in March 2024. The net cash inflow has turned positive in March 2024 at Rs 1.00 crore, compared to no inflow in the previous years, and the closing cash and cash equivalents have increased to Rs 3.00 crore in March 2024, indicating a strengthening liquidity position.

Who are the top shareholders of the Emerald Tyre?

The top shareholders of Emerald Tyre include promoter Chandhrasekharan Venkatachalam Thirupathi with 35.28%, Rajasthan Global Securities Private Limited at 9.16%, and 9 foreign institutional investors holding 2.32%. Individual investors account for 24.88%, with no pledged promoter holdings or mutual fund investments.

The top shareholders of Emerald Tyre include the promoters, who hold the majority of the shares. The promoter with the highest holding is Chandhrasekharan Venkatachalam Thirupathi, owning 35.28% of the company. Additionally, Rajasthan Global Securities Private Limited is the highest public shareholder, holding 9.16%. The company also has 9 foreign institutional investors (FIIs) that collectively hold 2.32% of the shares. Individual investors account for 24.88% of the total holdings. There are no pledged promoter holdings and no mutual funds currently invested in the company.

When is the next results date for Emerald Tyre?

No Upcoming Board Meetings

Has Emerald Tyre declared dividend?

No Dividend History Available