Emerald Tyre Manufacturers

SMENSE: ETML
Compare with peers
₹ 70.95▲ 10.3 (+16.98%)29 Oct, 03:29 pm IST
Market cap
₹ 121 Cr.
P/E
11.4x
P/B
1.1x
52-week range
58.1 – 123
ROE
9%
ROCE
12%
Dividend yield
1.5%
Debt / equity
1.18
Sector
Auto Components
Industry
Tyres & Rubber Products
Listed on
NSE SME

About

Emerald Tyre Manufacturers Limited is an India-based manufacturer and exporter of solid tires and press-ons. The Company is engaged in the business of manufacturing, supplying and servicing a comprehensive range of tires for material handling applications like forklifts, skid loaders, ground support equipment for airports, port trailers, agri implements, lawn and garden mowers, mining equipment, aerial work platform trucks, backhoe loaders, and others. Its product categories include solid resilient tires, industrial pneumatic tires, butyl tubes and flaps, press-on bands, and wheel rims. Its branded products under the solid resilient tires category include Empower and Empower XT, Greckster Gold, Greckster, Greckster MEO, Solid Plus, and Ecostar. Its products under the wheel rims category consist of load roll, trolley wheel, drive wheel, split / divided two-piece rim, press-on hub, and direct bonding wheel. Its product range covers a wide range of off-the-highway range of tires.

Quick check

The five things to look at first. Open one for more.

Emerald Tyre Manufacturers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)11.4 against a typical 21.4: cheaper than most peers (1st = cheapest).3rd of 20
  • Share price, 3 months−16% against a typical −8.9%.16th of 20
  • Size₹ 121.3 Cr. market value against a typical ₹ 270.9 Cr. (1st = largest).14th of 20

Board meetings

Results dates and other board meetings. Full calendar

Details
25 May 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
10 Nov 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
29 May 2025Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2025 and dividend
1 Jan 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2024 and other business matters

Share price

1Y change −39.87%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2024Mar 2025Sep 2025Mar 2026
Sales99101105113
Expenses858890100
Operating Profit14131513
OPM %14%13%14%11%
Other Income2143
Interest5568
Depreciation3334
Profit before tax8694
Tax %23%32%19%38%
Net Profit6483
EPS in Rs4.42.083.881.42

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
20%
3 Years
10%
TTM
9%
Compounded Profit Growth
10 Years
—
5 Years
37%
3 Years
12%
TTM
−2%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
—
TTM
—
Return on Equity
10 Years
—
5 Years
15%
3 Years
14%
TTM
—

Shareholding

Latest: Mar 2026.

Promoters
50.31%
FIIs
0%
DIIs
9.16%
Public
40.53%

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 11.4xEPS (12 months) ₹ 5.30Median P/E 17.4x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Emerald Tyre Manufacturers₹ 70.95₹ 121 Cr.11.4x1.1x9%—
MRF₹ 1,18,300.00₹ 50,213 Cr.22.3x2.6x12.3%7.8%
Balkrishna Industries₹ 2,125.00₹ 41,080 Cr.32.1x3.6x11.7%11.5%
Apollo Tyres₹ 384.40₹ 24,342 Cr.13.3x1.6x8.7%4.8%
CEAT₹ 3,070.90₹ 12,448 Cr.19.2x2.9x—3.6%
JK Tyre & Industries₹ 309.60₹ 8,925 Cr.13x1.9x——

Management

Varadarajan Krishnaram
Chief Executive Officer
Shankar Ganesh Subramanian
Chief Financial Officer
Raja Devika Dhivya
Company Secretary
Chandhrasekharan Thirupathi Venkatachalam
Managing Director (Promoter)

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