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Emerald Tyre Manufacturers Q1 FY27 Share Price & Earnings Call Analysis

₹70.95+16.98% today
Market cap
₹138 Cr
P/E
13.38
ROE
9.19%
PEG
1.10
Price to sales
0.62
Debt to equity
1.18
52W high / low
₹123 / ₹60.6
Sales growth (5Y)
20.30%
EBITDA margin
12.60%
Net profit margin
4.73%
Promoter holding
50.45%
Sales (last year)
₹218 Cr

Incorporated in 2002, Emerald Tyre Manufacturers specializes in manufacturing, supplying, and servicing a wide range of tyres.[1]

Guidance scorecard · Q1 FY27 call

What Emerald Tyre Manufacturers Ltd's management guided
and where it ranks in Auto Components

#30of 66 in
Auto Components
Revenue20–40%MarginsFlatCapexPlannedFundraisingPlannedOrder bookRising

RevenueQ2 FY26 call

20–40%
  • 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.

2 more points from Emerald Tyre Manufacturers Ltd's call on revenue

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Full Q2 FY26 analysis

MarginsQ2 FY26 call

Flat

See what Emerald Tyre Manufacturers Ltd said on margins — free account, 30 seconds.

Full Q2 FY26 analysis

CapexQ2 FY26 call

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.

2 more points from Emerald Tyre Manufacturers Ltd's call on capex

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Full Q2 FY26 analysis

FundraisingQ2 FY26 call

Planned

See what Emerald Tyre Manufacturers Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY26 analysis

Order bookQ2 FY26 call

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.

2 more points from Emerald Tyre Manufacturers Ltd's call on the order book

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Full Q2 FY26 analysis
Full Auto Components ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Auto Components
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Emerald Tyre Manufacturers Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Auto Components companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹3,020 Cr47.8
240%+Flat₹1,998 Cr63.5
340%+Flat₹428 Cr17.5
420–40%Up 2%+₹25,721 Cr73.8
520–40%Up 2%+₹13,417 Cr40.5
620–40%Up 0–2%₹23,344 Cr37.6

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Financials of Emerald Tyre Manufacturers Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Emerald Tyre Manufacturers Ltd

Quarterly Results

Quarter-by-quarter operating performance

No quarterly results data available for this company yet.

Financials of Emerald Tyre Manufacturers Ltd

Profit & Loss

Annual income statement trend

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +7177122151154182203
Expenses +6165107130126157178
Operating Profit10111521282525
OPM %14%15%12%14%18%14%12%
Other Income +3112237
Interest97689913
Depreciation4434567
Profit before tax02610161312
Tax %43%37%33%30%20%29%27%
Net Profit +01471399
EPS in Rs0.152.136.3910.828.824.794.49
Dividend Payout %0%0%0%0%11%21%0%

Financials of Emerald Tyre Manufacturers Ltd

Balance Sheet

Capital structure and asset base

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6677141919
Reserves2327344152101108
Borrowings +586267797478123
Other Liabilities +22203228323937
Total Liabilities109116140155173237288
Fixed Assets +332931455456130
CWIP341076300
Investments57766611
Other Assets +67769197106145147
Total Assets109116140155173237288

Financials of Emerald Tyre Manufacturers Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +9-2101121322
Cash from Investing Activity +-1-0-20-34-14-31-56
Cash from Financing Activity +-83924-63931
Net Cash Flow-01-01011-2
Free Cash Flow8-2-10-157-28-29
CFO/OP102%-11%73%61%86%28%109%

Financials of Emerald Tyre Manufacturers Ltd

Ratios

Working capital efficiency and return ratios

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days11314310799107109119
Inventory Days360322208178204187177
Days Payable1261017268828969
Cash Conversion Cycle348365243208230207227
Working Capital Days32743526454365
ROCE %10%12%16%19%13%11%

Continue your research

What Emerald Tyre Manufacturers Ltd's management said in earlier quarters

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