| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 0/6 |
| Past Performance | 0/6 |
| Financial Health | 4/6 |
| Dividends | 0/6 |
531346 Stock Overview
Eastern Treads Limited, together with its subsidiaries, engages in the manufacturing and dealing of tread rubber, rubber based adhesives, tire retreading accessories, and retreading services under the Eastern Treads brand in India.
Eastern Treads Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₹38.75 |
| 52 Week High | ₹58.95 |
| 52 Week Low | ₹25.70 |
| Beta | 0.82 |
| 1 Month Change | 6.31% |
| 3 Month Change | 25.00% |
| 1 Year Change | -15.58% |
| 3 Year Change | 30.03% |
| 5 Year Change | -60.90% |
| Change since IPO | 176.79% |
Recent News & Updates
Shareholder Returns
| 531346 | IN Auto Components | IN Market | |
|---|---|---|---|
| 7D | -0.1% | -1.7% | -1.7% |
| 1Y | -15.6% | -1.4% | -0.6% |
Return vs Industry: 531346 underperformed the Indian Auto Components industry which returned -1.4% over the past year.
Return vs Market: 531346 underperformed the Indian Market which returned -0.6% over the past year.
Price Volatility
| 531346 volatility | |
|---|---|
| 531346 Average Weekly Movement | 8.5% |
| Auto Components Industry Average Movement | 5.7% |
| Market Average Movement | 5.9% |
| 10% most volatile stocks in IN Market | 9.2% |
| 10% least volatile stocks in IN Market | 3.8% |
Stable Share Price: 531346 is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 8% a week.
Volatility Over Time: 531346's weekly volatility (8%) has been stable over the past year, but is still higher than 75% of Indian stocks.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | 174 | Sachin Saxena | https://www.easterntreads.com |
Eastern Treads Limited, together with its subsidiaries, engages in the manufacturing and dealing of tread rubber, rubber based adhesives, tire retreading accessories, and retreading services under the Eastern Treads brand in India. It offers pre-cured and conventional tread rubber; hot rubber slabs and camel back treads; cushion/bonding gums; black vulcanizing cement; and repair patches. Eastern Treads Limited was incorporated in 1993 and is based in Kochi, India.
Eastern Treads Fundamentals Summary
| 531346 fundamental statistics | |
|---|---|
| Market Cap | ₹202.74m |
| Earnings (TTM) | -₹93.01m |
| Revenue (TTM) | ₹722.75m |
0.3x
P/S Ratio-2.2x
P/E RatioIs 531346 overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| 531346 income statement (TTM) | |
|---|---|
| Revenue | ₹722.75m |
| Cost of Revenue | ₹528.83m |
| Gross Profit | ₹193.93m |
| Other Expenses | ₹286.93m |
| Earnings | -₹93.01m |
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
n/a
| Earnings per share (EPS) | -17.78 |
| Gross Margin | 26.83% |
| Net Profit Margin | -12.87% |
| Debt/Equity Ratio | 6,758.9% |
How did 531346 perform over the long term?
See historical performance and comparisonValuation
Is 531346 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast
Key Valuation Metric
Which metric is best to use when looking at relative valuation for 531346?
Other financial metrics that can be useful for relative valuation.
| What is 531346's n/a Ratio? | |
|---|---|
| n/a Ratio | 0x |
| n/a | n/a |
| Market Cap | ₹202.74m |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 0.7x |
| Enterprise Value/EBITDA | -10.1x |
| PEG Ratio | n/a |
Price to Sales Ratio vs Peers
How does 531346's PS Ratio compare to its peers?
| 531346 PS Ratio vs Peers |
|---|
| Company | PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 6.2x | ||
523550 Krypton Industries | 0.9x | n/a | ₹376.2m |
542932 Birla Tyres | 22.4x | n/a | ₹608.9m |
INNOVATIVE Innovative Tyres & Tubes | 0.1x | n/a | ₹53.1m |
542013 Dolfin Rubbers | 1.5x | n/a | ₹1.3b |
531346 Eastern Treads | 0.3x | n/a | ₹202.7m |
Price-To-Sales vs Peers: 531346 is good value based on its Price-To-Sales Ratio (0.3x) compared to the peer average (6.2x).
Price to Earnings Ratio vs Industry
How does 531346's PE Ratio compare vs other companies in the IN Auto Components Industry?
Price-To-Sales vs Industry: 531346 is good value based on its Price-To-Sales Ratio (0.3x) compared to the Indian Auto Components industry average (1x)
Price to Sales Ratio vs Fair Ratio
What is 531346's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 0.3x |
| Fair PS Ratio | n/a |
Price-To-Sales vs Fair Ratio: Insufficient data to calculate 531346's Price-To-Sales Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of 531346 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 531346 (₹38.75) is trading above our estimate of fair value (₹0.44)
Significantly Below Fair Value: 531346 is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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Future Growth
How is Eastern Treads forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Future Growth Score
0/6Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE
29.6%
Forecasted Automobiles industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Eastern Treads has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
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- Examine Eastern Treads's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Eastern Treads competitive advantages and company strategy can generally be found in its financial reports archived here.
Past Performance
How has Eastern Treads performed over the past 5 years?
Past Performance Score
0/6Past Performance Score 0/6
Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE
-35.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 531346 is currently unprofitable.
Growing Profit Margin: 531346 is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: 531346 is unprofitable, and losses have increased over the past 5 years at a rate of 35.2% per year.
Accelerating Growth: Unable to compare 531346's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: 531346 is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (15.1%).
Return on Equity
High ROE: 531346 has a negative Return on Equity (-2001.1%), as it is currently unprofitable.
Discover strong past performing companies
Financial Health
How is Eastern Treads's financial position?
Financial Health Score
4/6Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: 531346's short term assets (₹305.6M) exceed its short term liabilities (₹272.4M).
Long Term Liabilities: 531346's short term assets (₹305.6M) exceed its long term liabilities (₹193.2M).
Debt to Equity History and Analysis
Debt Level: 531346's net debt to equity ratio (6592.6%) is considered high.
Reducing Debt: 531346's debt to equity ratio has increased from 168.3% to 6758.9% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable 531346 has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: 531346 is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 19.2% per year.
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Dividend
What is Eastern Treads's current dividend yield, its reliability and sustainability?
Dividend Score
0/6Dividend Score 0/6
Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage
Dividend Yield vs Market
| Eastern Treads Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (Eastern Treads) | 0% |
| Market Bottom 25% (IN) | 0.4% |
| Market Top 25% (IN) | 1.6% |
| Industry Average (Auto Components) | 0.6% |
| Analyst forecast in 3 Years (Eastern Treads) | n/a |
Notable Dividend: Unable to evaluate 531346's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate 531346's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if 531346's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if 531346's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: 531346 is not paying a notable dividend for the Indian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as 531346 has not reported any payouts.
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Management
How experienced are the management team and are they aligned to shareholders interests?
5.7yrs
Average board tenure
CEO
Sachin Saxena
1.25yrs
Tenure
₹6,398,000
Compensation
Mr. Sachin Saxena has been Chief Executive Officer at Eastern Treads Limited since June 23, 2021.
CEO Compensation Analysis
| Sachin Saxena's Compensation vs Eastern Treads Earnings |
|---|
| Date | Total Comp. | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2022 | ₹6m | ₹6m | -₹93m |
Compensation vs Market: Sachin's total compensation ($USD78.62K) is above average for companies of similar size in the Indian market ($USD40.43K).
Compensation vs Earnings: Insufficient data to compare Sachin's compensation with company performance.
Board Members
Experienced Board: 531346's board of directors are considered experienced (5.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
| Owner Type | Number of Shares | Ownership Percentage |
|---|---|---|
| Institutions | 100,000 | 1.9% |
| State or Government | 615,000 | 11.8% |
| General Public | 1,179,912 | 22.6% |
| Individual Insiders | 3,337,088 | 63.8% |
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
| Ownership | Name | Shares | Current Value | Change % | Portfolio % | |
|---|---|---|---|---|---|---|
| 1,350,550 | ₹52.3m | 0% | no data | |||
| 1,322,250 | ₹51.2m | 0% | no data | |||
| 615,000 | ₹23.8m | 0% | no data | |||
| 157,780 | ₹6.1m | 0% | no data | |||
| 146,127 | ₹5.7m | 30.42% | no data | |||
| 100,000 | ₹3.9m | 0% | 0.05% | |||
| 90,307 | ₹3.5m | 28.24% | no data | |||
| 61,363 | ₹2.4m | 0% | no data | |||
| 60,811 | ₹2.4m | 0% | no data | |||
| 48,700 | ₹1.9m | 0% | no data | |||
| 40,000 | ₹1.6m | 0% | no data | |||
| 34,000 | ₹1.3m | 0% | no data | |||
| 23,500 | ₹910.6k | 0% | no data | |||
| 1,000 | ₹38.8k | 0% | no data | |||
| 700 | ₹27.1k | 0% | no data |
Company Information
Eastern Treads Limited's employee growth, exchange listings and data sources
Key Information
- Name: Eastern Treads Limited
- Ticker: 531346
- Exchange: BSE
- Founded: 1993
- Industry: Tires and Rubber
- Sector: Automobiles
- Implied Market Cap: ₹202.740m
- Shares outstanding: 5.23m
- Website: https://www.easterntreads.com
Number of Employees
Location
- Eastern Treads Limited
- 3A, Eastern Corporate Office
- 3rd Floor
- Kochi
- Kerala
- 682024
- India
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| 531346 | BSE (Mumbai Stock Exchange) | Yes | Equity Shares | IN | INR | May 2009 |
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/10/01 00:00 |
| End of Day Share Price | 2022/09/30 00:00 |
| Earnings | 2022/03/31 |
| Annual Earnings | 2022/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.