Eastern Treads Ltd (EASTRED)

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Eastern Treads Ltd (EASTRED) · mywealthgrid

About

Eastern Treads Ltd operates in Tyres & Rubber Products within the Consumer Discretionary sector.

Face value: ₹10

Market cap

₹15 Cr

P/E

—

P/B

33.3×

Dividend yield

ROE

-306.4%

ROCE

-37.4%

Debt / equity

68.13

OPM

-7.2%

EPS (TTM)

₹-17.7

Book value

₹0.9

52-week high

—

52-week low

—

2,087 historical price candles were omitted because the exchange source has not been verified.

₹29.6-1.8%1Y

Quick read

rule-based

Pros

+High promoter holding of 65.5% with no pledge

Cons

−Low return on equity of -161.7% (3-yr avg)
−Heavily leveraged (debt/equity 68.1)
−Weak interest coverage of -2.1×
−Trading at 33.3× book value

Research score

Structured signal from quality, growth, valuation and momentum.

25/100

Business quality: 0
Valuation: 50

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Mrf LimitedMRFMRF	₹51,960 Cr	₹54,327 Cr	₹31,889 Cr	₹4,821 Cr	15.7%	₹2,415 Cr	7.8%	16.8%	12.3%	83
Balkrishna Industries LimitedBALKRISINDBALKRISIND	₹40,274 Cr	₹44,380 Cr	₹11,518 Cr	₹2,539 Cr	21.3%	₹1,406 Cr	11.5%	14.8%	8.2%	111
Apollo Tyres LimitedAPOLLOTYREAPOLLOTYRE	₹25,706 Cr	₹28,337 Cr	₹29,308 Cr	₹4,143 Cr	14.6%	₹1,708 Cr	4.8%	13.3%	8.7%	93
Ceat LimitedCEATLTDCEATLTD	₹13,311 Cr	₹16,322 Cr	₹16,467 Cr	₹2,024 Cr	13.1%	₹589 Cr	4.5%	20.5%	14.8%	-21
Jk Tyre & Industries LimitedJKTYREJKTYRE	₹9,812 Cr	₹14,558 Cr	₹16,404 Cr	₹1,887 Cr	12.4%	₹651 Cr	4.8%	16.8%	14.2%	90
Tvs Srichakra LimitedTVSSRICHAKTVSSRICHAK	₹3,349 Cr	₹4,111 Cr	₹3,892 Cr	₹312 Cr	7.7%	₹85 Cr	2%	9.2%	1.7%	77
Goodyear India LimitedGOODYEARGOODYEAR	₹1,604 Cr	₹1,604 Cr	₹1,792 Cr	₹217 Cr	4.5%	₹136 Cr	2.1%	12.5%	9.3%	6
Megamont LtdMEGAMONTMEGAMONT	₹562 Cr	₹565 Cr	₹0 Cr	₹0 Cr	—	₹-0 Cr	—	-1.8%	-3.2%	—
Tolins Tyres LimitedTOLINSTOLINS	₹334 Cr	₹345 Cr	₹317 Cr	₹43 Cr	14.6%	₹33 Cr	10.9%	13.5%	10.4%	400
Modi Rubber LimitedMODIRUBBERMODIRUBBER	₹299 Cr	₹319 Cr	₹35 Cr	₹-26 Cr	-75.8%	₹0 Cr	1.9%	-2.2%	0.1%	-904
Indag Rubber LtdINDAGINDAG	₹277 Cr	₹287 Cr	₹215 Cr	₹9 Cr	4.1%	₹10 Cr	3.8%	5%	4.4%	112
Dolfin Rubbers LtdDOLFINDOLFIN	₹173 Cr	₹192 Cr	₹144 Cr	₹9 Cr	5.3%	₹5 Cr	3.3%	16.8%	16.5%	122

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022
	67	72
COGS	44	53
Gross profit	23	20
	19	25
Operating profit (EBITDA)	4	-5
OPM %	6.1%	-7.2%
Depreciation	2	2
Interest	3	3
	0	0
Profit before tax	-1	-10
Tax	-0	-0
Tax %	-24.6%	-2.2%
PAT	-1	-10
PAT margin %	-1.5%	-13.2%
EPS (₹)	-1.5	-17.5
EPS adjusted (₹)	-1.8	-17.7
Annual report	Annual report for Mar 2021	Annual report for Mar 2022

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity capital	5	5	5	5	5
Reserves	4	3	1	0	-5
	24	28	33	34	33
	22	20	15	14	14
Total equity & liabilities	56	56	55	55	47
	16	17	15	12	16
CWIP	3	0	0	0	0
Investments	—	—	—	0	0
	37	39	40	42	31
Total assets	56	56	55	55	47

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	4	2	-2	3	1
	-4	-1	-1	-0	3
	1	-1	2	-3	-4
Net cash flow	0	-0	-1	0	0
Free cash flow	-1	0	—	3	1
CFO / Operating profit %	—	—	—	83%	—

Compounded sales growth

7 years: —
5 years: —
3 years: —
1 year: 9%

Return on equity

7 years: —
5 years: —
3 years: —
Last year: -1,992%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2021	Mar 2022
Margins
Gross margin %	34.4%	27.1%
EBITDA margin %	6.1%	-7.2%
EBIT margin %	2.9%	-9.7%
PAT margin %	-1.5%	-13.2%
Working capital
Receivable days	146	101
Inventory days	87	52
Payable days	85	52
NWC days	148	101
Leverage
Current ratio	1.04	1.12
Debt to EBITDA	8.51	—
Debt to equity	5.98	68.12
Interest coverage	0.7	-2.1
Asset turnover	1.22	1.54
Return ratios
Return on assets %	-1.8%	-20.3%
Return on capital employed %	15.2%	-37.4%
Return on equity %	-17%	-1,991.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.67%	65.67%	66.26%	66.26%	66.26%	65.78%	65.75%	65.74%	65.48%	65.48%	65.48%	65.48%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	34.33%	34.33%	33.74%	33.74%	33.74%	34.22%	34.25%	34.26%	34.52%	34.52%	34.52%	34.52%
No. of shareholders	—	—	—	—	—	—	—	—	2,256	2,261	2,362	2,382

Promoter holding down 0.19 percentage points since Sep 2023.

6 deals · 3 Nov 2021 – 5 Jan 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
5 Jan 2024	SUMANCHEPURI	Bulk	BSE	Sell	48,000	₹46.36	₹0.22 Cr
5 Jan 2024	SUMANCHEPURI	Bulk	BSE	Buy	702	₹46.06	₹0.00 Cr
6 Dec 2023	THOMAS GEORGE MUTHOOT	Bulk	BSE	Sell	46,878	₹32.26	₹0.15 Cr
6 Dec 2023	PANKAJ MANSUKHLAL SHAH	Bulk	BSE	Buy	27,386	₹33.07	₹0.09 Cr
6 Dec 2023	PANKAJ MANSUKHLAL SHAH	Bulk	BSE	Sell	615	₹35.54	₹0.00 Cr
3 Nov 2021	ADESH ENTERPRISES LLP	Bulk	BSE	Sell	29,659	₹39.64	₹0.12 Cr

1–6 of 6

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. NAVAS M MEERANChairperson & Managing Director
Mrs. Rani JosephIndependent Director
Mr. NAIJU JOSEPHNon-Executive - Non Independent Director
Mrs. SHEREEN NAVAZNon-Executive - Non Independent Director
Mr. Natarajan JeyaseelanNon - Executive Independent Director
Mr. Karandeep SinghNon - Executive Independent Director
Dr. Siby VargheseNon - Executive Independent Director
Mr. Devarajan KrishnanWhole Time Director & Chief Financial Officer
Mr. Abil AnilCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Eastern Treads Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Revised Credit Rating12 May 2026

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

4

Final dividend29 Jun 2017 · ex-date₹0.5
Final dividend26 May 2016 · ex-date₹0.5
Interim dividend1 Feb 2016 · ex-date₹0.5
Final dividend21 Jul 2015 · ex-date₹0.5

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

56 announcementsExport CSV

18 Aug 2026, 3:30 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

15 Aug 2026, 12:33 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

14 Aug 2026, 2:03 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

14 Aug 2026, 1:53 pmResult

Results-Financial Results For 30.06.2026

Financial Results PDF

14 Aug 2026, 1:45 pmBoard Meeting

Board Meeting Outcome for For The Meeting Held Today, August 14, 2026.

Outcome of Board Meeting PDF

7 Aug 2026, 3:26 pmBoard Meeting

Board Meeting Intimation for The Meeting To Be Held On August 14,2026.

Exchange filing PDF

2 Jul 2026, 4:24 pmCompany Update

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 PDF

25 Jun 2026, 5:52 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

Date	Category	Subject	Filing
18 Aug 2026, 3:30 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
15 Aug 2026, 12:33 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Eastern Treads Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Dividends4

Board meetings1

Announcements

Dividends4

Board meetings1

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Return on equity

4

1

4

1