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    Emerald Tyre

    Chennai-based maker and exporter of off-highway and industrial tyres (solid resilient, press-on band, industrial pneumatic, wheel rims) under the GRECKSTER brand for material-handling, mining and agri equipment.

    Automobile and Auto Components
    Consumer Discretionary
    View ETML earnings calls

    Overview

    Price

    Market Cap

    ₹156 Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    LiabilitiesEquity Capital6677141919
    Reserves17151928409096
    Borrowings636975858788136
    Other Liabilities25223429334035
    Total Liabilities111112135148174237286
    AssetsFixed Assets332931455456130
    CWIP341076300
    Investments0000116
    Other Assets74799396112150150
    Total Assets111112135148174237286

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2-191212821
    Cash from Investing1-2-15-14-12-32-58
    Cash from Financing-445213532
    SummaryCapital Expenditure
    Free Cash Flow1-2-3-3-2-23-30
    FCF Margin

    Valuation

    Assumptions

    Current — ETML
    Price
    ₹88
    EPS (TTM)
    ₹11.78
    PE (TTM)
    7.5
    Profit growth

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (6.3×) and current (7.5×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹88
    vs
    Fair value · 15% return
    ₹49
    44%Overvalued

    At 10% growth and a 6× exit, ₹88 only delivers your return if you pay ₹49. The price is currently baking in 22% growth.

    EPS grows 10%/yr for 5 years, then fades to 6% over 2, exits at 6×.

    YearGrowthEPS (₹)
    FY2710.0%12.96
    FY2810.0%14.25
    FY2910.0%15.68
    FY3010.0%17.25
    FY3110.0%18.97
    FY328.0% ·fade20.49
    FY336.0% ·fade21.72

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

    Learn to analyse Emerald Tyre

    Guides on how to read this kind of business and the numbers that matter.