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Eastern Treads

531346 BSE
₹29.50

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P/E
Not meaningful: last twelve months’ earnings are mostly a one-off item
View as Markdown
MCP
Close 4 Nov 2026 ₹29.50 +0.38 +1.30% 1Y
Start ₹29.12

Key Fundamentals

MicrocapAuto ComponentsConsumer Discretionary

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
1.90%
Debt to Equity
Not meaningful: shareholders’ equity is negative
EPS (TTM)
₹0.14
Book Value
−₹24.47
Market Cap
—
P/E (TTM)
Not meaningful: last twelve months’ earnings are mostly a one-off item
P/B
Not meaningful: book value is negative
ROE
Not meaningful: shareholders’ equity is negative
Dividend Yield
0.00%
EBITDA
−₹4.80 Cr
52W High
₹35.99
52W Low
₹23.20

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 91/100

Category scores

Quality
59
Good
Returns, margins, earnings quality 22% weight
Valuation
32
Poor
Cheap vs sector & own history 24% weight
Growth
37
Poor
Sales & profit trajectory 9% weight
Financial Health
11
Poor
Solvency, leverage, coverage 9% weight
Momentum
67
Strong
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

4
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.29% over past five years.
  • Contingent liabilities of Rs.5.35 Cr.
  • Earnings include an other income of Rs.2.38 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish973
OscillatorsNeutral171
Moving AveragesStrong Bearish802

Key readings

RSI (14)
48.77
Neutral
MACD (12,26,9)
−0.07
Bullish
SMA (50)
29.87
Bearish
SMA (200)
29.44
Bullish

As of

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−2.98%
5Y−1.29%
3Y+1.41%
1Y+3.60%
TTM−4.58%

Net profit

Net profit growth by window
10Y−30.47%
5YTurned to profit
3YTurned to profit
1YTurned to profit
TTMTurned to profit

Operating cash flow

Operating cash flow growth by window
10Y−8.16%
5Y−11.66%
3Y−20.63%
1Y+421.74%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−7.71 pp
5Y−4.83 pp
3Y+6.06 pp
1Y+2.69 pp
TTM+1.32 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹90.59 Cr
Mar 2018₹94.38 Cr
Mar 2019₹97.46 Cr
Mar 2020₹77.45 Cr
Mar 2021₹66.60 Cr
Mar 2022₹72.28 Cr
Mar 2023₹59.84 Cr
Mar 2024₹59.53 Cr
Mar 2025₹60.24 Cr
Mar 2026₹62.41 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1.32 Cr
Mar 2018−₹2.29 Cr
Mar 2019−₹1.71 Cr
Mar 2020−₹1.12 Cr
Mar 2021−₹0.57 Cr
Mar 2022−₹9.68 Cr
Mar 2023−₹7.23 Cr
Mar 2024−₹2.95 Cr
Mar 2025−₹3.03 Cr
Mar 2026₹0.09 Cr

Quarterly Results

₹ Cr
531346 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
14.53
15.44
14.79
14.77
14.2
14.24
16.06
15.73
16.65
16.13
16.18
13.45
14.05
Expenses
14.62
15.28
14.16
14.64
14.79
14.92
15.78
15.61
16.14
15.9
15.45
14.13
13.32
Operating Profit
−0.09
0.16
0.63
0.13
−0.59
−0.68
0.28
0.12
0.51
0.23
0.73
−0.68
0.73
OPM %
−0.62%
1.04%
4.26%
0.88%
−4.15%
−4.78%
1.74%
0.76%
3.06%
1.43%
4.51%
−5.06%
5.2%
Other Income
0.01
0.03
0.16
0.04
0.01
0.07
0.04
0.27
0.13
0.09
0.09
2.09
0.11
Interest
0.8
0.79
0.64
0.75
0.62
0.57
0.61
0.67
0.59
0.67
0.5
0.63
0.82
Depreciation
0.38
0.33
0.28
0.23
0.22
0.22
0.2
0.19
0.19
0.18
0.18
0.19
0.18
PBT
−1.26
−0.93
−0.13
−0.81
−1.42
−1.4
−0.49
−0.47
−0.14
−0.53
0.14
0.59
−0.16
Tax %
−1.59%
−2.15%
−15.38%
−13.58%
−2.11%
−32.86%
−4.08%
−51.06%
0%
0%
0%
−5.08%
0%
Net Profit
−1.23
−0.9
−0.11
−0.71
−1.4
−0.94
−0.47
−0.23
−0.14
−0.53
0.15
0.61
−0.16
EPS (₹)
−2.35
−1.72
−0.21
−1.36
−2.68
−1.8
−0.9
−0.44
−0.27
−1.01
0.29
1.17
−0.31

Profit & Loss

₹ Cr
531346 profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
85.28
84.45
90.59
94.38
97.46
77.45
66.6
72.28
59.84
59.53
60.24
62.41
59.81
Expenses
82.49
76.88
84.69
91.7
93.59
73.18
62.55
77.48
62.72
58.7
61.11
61.63
58.8
Operating Profit
2.79
7.57
5.9
2.68
3.87
4.27
4.05
−5.2
−2.88
0.83
−0.87
0.78
1.01
OPM %
3.27%
8.96%
6.51%
2.84%
3.97%
5.51%
6.08%
−7.19%
−4.81%
1.39%
−1.44%
1.25%
1.69%
Other Income
2.11
0.11
0.7
0.22
0.48
0.33
0.49
0.34
0.08
0.24
0.39
2.4
2.38
Interest
1.54
1.38
2.97
3.27
3.61
3.23
3.31
3.2
3.23
2.97
2.46
2.38
2.62
Depreciation
0.95
1.16
1.82
2.11
2.63
2.47
2.12
1.83
1.65
1.22
0.84
0.74
0.73
PBT
2.41
5.14
1.81
−2.48
−1.89
−1.1
−0.89
−9.89
−7.68
−3.12
−3.78
0.06
0.04
Tax %
34.85%
33.66%
27.07%
−7.26%
−9.52%
2.73%
−35.96%
−2.12%
−5.86%
−5.45%
−19.84%
−50%
—
Net Profit
1.58
3.41
1.32
−2.29
−1.71
−1.12
−0.57
−9.68
−7.23
−2.95
−3.03
0.09
0.07
EPS (₹)
3.02
6.52
2.52
−4.38
−3.27
−2.14
−1.09
−18.5
−13.82
−5.64
−5.79
0.17
0.14
Div. Payout %
17.12%
15.39%
20.49%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
531346 balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5.41
5.41
5.41
5.41
5.41
5.41
5.41
5.41
5.41
5.41
5.41
5.41
Reserves
0.97
3.76
7.16
4.49
2.58
1.4
0.85
−4.92
−12.27
−15.07
−18.2
−18.04
Borrowings
19.34
17.27
21.35
25.88
28.44
33.55
33.17
32.7
33.6
30.97
33.34
33.09
Other Liabilities
10.25
13.32
19.54
20.1
19.21
14.12
13.68
13.88
10.86
14.09
13.16
15.03
Total Liabilities
35.97
39.76
53.46
55.88
55.64
54.48
53.11
47.07
37.6
35.4
33.71
35.49
Fixed Assets
8.82
11.08
15.96
15.89
16.87
14.33
12
16.03
14.29
13.51
12.27
12.52
CWIP
0.35
0.26
0.36
2.53
0.18
0.16
0.24
0.17
0
0
0.16
1.38
Investments
0
0
0
0
0.03
0.03
0.03
0
0
0
0
0.04
Other Assets
26.8
28.42
37.14
37.46
38.56
39.96
40.84
30.87
23.31
21.89
21.28
21.55
Total Assets
35.97
39.76
53.46
55.88
55.64
54.48
53.11
47.07
37.6
35.4
33.71
35.49

Cash Flow

₹ Cr
531346 cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
5.82
5.62
−0.49
3.51
2
−1.32
4.46
1.4
4.8
2.9
0.46
2.4
Investing
−2.34
−3.41
−4.12
−4.25
−1.24
−1.31
−0.56
2.62
−0.17
0.26
−0.13
−2.24
Financing
−2.8
−2.65
5.24
1.02
−1.03
1.87
−3.65
−3.65
−4.95
−2.9
−0.09
−0.57
Net Cash Flow
0.68
−0.43
0.63
0.28
−0.27
−0.76
0.25
0.36
−0.32
0.25
0.24
−0.41
Free Cash Flow
3.48
2.21
−4.66
−0.76
0.75
−1.21
4.71
1.32
4.59
2.91
0.01
0.22
CFO/OP
239
97
4
144
52
−30
111
−28
−167
349
−53
308

Ratios

531346 financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
40.06
50.27
96.74
99.27
99.36
121
141
101
79.66
74.13
71.25
74.68
Inventory Days
47.33
51.7
56.85
42.33
45.76
74.9
87.16
52.12
64.56
67.92
49.97
56.45
Days Payable
42.15
55.97
71.77
76.89
67.21
63.64
75.29
52.19
54.63
89.9
76.78
95.19
Cash Conversion Cycle
45.24
46
81.83
64.71
77.91
133
152
101
89.59
52.15
44.44
35.95
Working Capital Days
30.09
40.71
20.51
−1.7
−3.75
−7.92
13.32
8.89
−59.04
−89.09
−115
−90.07
ROCE %
11.01%
25%
15.84%
2.27%
4.76%
5.55%
6.07%
−18.42%
−14.85%
−0.62%
−6.31%
1.9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Eastern Treads insights

61 extracted metrics across FY05–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 65.48%
  • Public 26.62%
  • Others 7.90%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

  • Q3 FY20 concall · Mar 2020
    PPT
  • Q2 FY20 concall · Nov 2019
    PPT
  • Q1 FY20 concall · Aug 2019
    PPT
  • Q4 FY19 concall · Jun 2019
    PPT
  • Q3 FY19 concall · Feb 2019
    PPT

Frequently Asked Questions about Eastern Treads

What does Eastern Treads Ltd do?
Incorporated in 1993, Eastern Treads Ltd is in the business of manufacture and sale of tyre treads and associated components.
Where is Eastern Treads Ltd (EASTRED) listed?
Eastern Treads Ltd trades under code 531346 on the BSE.
Which sector does Eastern Treads Ltd belong to?
Eastern Treads Ltd is classified under the Industrial Products sector, in the Rubber Products industry.
What is the 52-week high and low of Eastern Treads Ltd?
Over the last 52 weeks Eastern Treads Ltd has traded between ₹23.2 and ₹35.99 as of 4 Nov 2026.

Company Information

Incorporated in 1993, Eastern Treads Ltd is in the business of manufacture and sale of tyre treads and associated components.

Face Value ₹10

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