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Emerald Tyre Manufacturers Ltd

Q2 FY26Auto Components

Emerald Tyre Manufacturers Q2 FY26: Revenue ₹350 Cr

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹82
Market cap₹162 Cr
P/E15.7
Updated26 Aug 2026
Read4 min read

What the Q2 FY26 call signalled

4 of 5 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
FundraiseFundraise planned
Order bookOrder book rising

The short version

FY26 (current year) target: 25-30% top-line growth, aiming for ₹250-260 crore consolidated turnover. FY26: Expecting 25-30% top-line growth, targeting around ₹250-260 crore turnover, on track to achieve guidance.

From Emerald Tyre Manufacturers Ltd's Q2 FY26 earnings-call transcript · updated 26 Aug 2026.

Revenue & Sales Performance

Good growth
  • FY26 (current year) target: 25-30% top-line growth, aiming for ₹250-260 crore consolidated turnover.
  • Peak capacity post CapEx: ₹350 crore expected by FY27-FY28.
  • Confident of reaching ₹300 crore by FY27, with possibility of ₹350 crore if market conditions improve.
  • Incremental capacity expansion planned beyond ₹350 crore sales, requiring Greenfield plant post-2027.
  • Current CapEx impact to reflect partially in FY26 (3 months), full benefits from FY27 onwards.
  • Expansion efforts include increasing volumes in solid tyre and pneumatic segments.
  • African market expansion ongoing, targeting 7-8 locations, viewed as a "blue ocean" with high growth potential.

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Profitability & Margins

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Capital Expenditure Plans

Capex planned
  • Emerald Tyre is completing CapEx projects including the rubber mixing plant and solid tyre plant; most installations are near completion or in final testing phases, expected fully operational by late 2025.
  • The recent CapEx (~₹60-65 crore) aims to increase capacity, contributing 3 months of benefit in FY26 and full benefit in FY27, targeting peak sales of ₹350 crore by FY27 or early FY28.
  • Post achieving peak capacity, further expansion would require a Greenfield plant; work on planning this next phase has already started, likely post-FY27.

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Top-ranked in Auto Components

Ranked on what management guided this quarter

Guidance-ranked
1Divgi Torq
Rev 1Mar 3
2OBSC Perfection
Rev 1Mar 3
3
Rev 1Mar 3
4
Rev 2Mar 1
5
Rev 2Mar 1
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

Order book rising
  • Emerald Tyre Manufacturers Limited is actively expanding its market presence, especially in Africa, starting at 7-8 locations to supply high potential customers.
  • There is a major bid done across Africa to sell tyres, indicating significant upcoming orders.
  • In the South African market, the company supplies mainly to mining companies and is recovering receivables regularly.
  • The receivables outstanding from these markets are expected to be almost nil by March 2026 due to focused efforts.
  • Orders from the US market have been impacted by tariffs, but the company is working on diversifying markets with growing demand in Europe and other regions.

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What Emerald Tyre's management said in earlier quarters

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Frequently Asked Questions

What were Emerald Tyre Manufacturers Ltd Q2 FY26 results?

FY26 (current year) target: 25-30% top-line growth, aiming for ₹250-260 crore consolidated turnover. FY26: Expecting 25-30% top-line growth, targeting around ₹250-260 crore turnover, on track to achieve guidance.

What is Emerald Tyre Manufacturers Ltd share price analysis?

Emerald Tyre Manufacturers Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 15.7 with a market cap of ₹162 Cr. Investors should review the full earnings analysis for detailed insights.

Is Emerald Tyre Manufacturers Ltd planning capital expenditure?

Emerald Tyre is completing CapEx projects including the rubber mixing plant and solid tyre plant; most installations are near completion or in final testing phases, expected fully operational by late 2025.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.