ETML

Emerald Tyre Manufacturers Limited

Listed company · ISIN INE0RHD01013 · NSE SM · FV ₹10
Last price
₹65
-0.61%today
What this company does

Emerald Tyre Manufacturers Limited is a listed company. It booked ₹113 cr of revenue in its latest half year (H2 FY26) and kept 2.4% of sales as profit.

46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of listed companies we score, on the 5 of 6 measures we could read for it. Each measure is ranked against the 438–2,932 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns35

How much profit it earns on the money it employs

Balance sheet15

How much it owes, and whether earnings cover the interest

Cash quality77

Whether reported profit actually arrives as cash

Valuation53

What today's price implies, against our models or its peers

Governance & risk76

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Makes a profit
✓ Promoters hold 50%
Watch-outs
! Thin 2.4% net margin
! 9.6% of promoter stake pledged
! Low 5.8% return on equity
! Carries high debt (D/E 1.4)

What if I invest in ETML?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest half year + price
₹65▼ -0.61%
latest close · 2026-11-04
52-wk low ₹5869 sessions so far52-wk high ₹92
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio22.9Average
LowAverageHigh
P/B ratio1.32Moderate
Below bookModerateHigh
EV / EBITDA10.4Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity5.8%Weak
WeakFairStrong ▸15%
Return on capital13.5%Fair
WeakFairStrong
Net margin2.4%Thin
ThinDecentStrong
EBITDA margin10.7%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity1.41High
LowModerateHigh ▸1
Interest cover1.6×Risky
RiskyOkayStrong ▸5×
Current ratio1.38Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹127 cr
Book value
₹49
EPS
₹1.42
latest half year
Net debt
₹125 cr
owes more than its cash
Enterprise value
₹252 cr
EBITDA
₹24 cr
annualised
EBIT
₹24 cr
annualised
Operating margin
10.7%
Return on assets
1.9%
Earnings yield
4.37%
P/S
0.56
Sales / share
₹116.0
Tax rate
37.8%
Face value
₹10
Shares
1.9 cr
Working capital
₹40 cr
Current assets
₹147 cr
Current liabilities
₹107 cr
Delivery %
86.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest half year; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹33–₹33, midpoint ₹33

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · H2 FY26 (consolidated)
Revenue from Operations₹113 cr
Other Income₹3 cr
Total Income₹116 cr
Cost of Materials₹64 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹1 cr
Employee Benefit Expense₹15 cr
Finance Costs₹8 cr
Other Expenses₹21 cr
Total Expenses₹112 cr
Profit before Tax₹4 cr
Tax Expense₹2 cr
Net Profit₹3 cr
Net margin on total income2.4%
Where the money goes · H2 FY26
% of total income
Materials + stock-in-trade₹65 cr55.6%
Employee benefit expense₹15 cr13.1%
Finance costs₹8 cr6.5%
Other expenses₹24 cr21.0%
Tax expense₹2 cr1.4%
Profit for the period₹3 cr2.4%
Total income ₹116 cradds up to ₹100 ✓
Balance sheet & cash flow · as of Mar 2026
High debt
Total assets
₹286 cr
Shareholder equity
₹96 cr
parent shareholders
Total debt
₹136 cr
Cash
₹11 cr
Corporate actions
Dividend yield
1.54%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 17 Sep 2026
ActionDetailEx-date
Dividend₹1 / share17 Sep 2026
Who owns it · 2026-09-30
⚑ 9.6% pledged
Promoter
50.5%
FII / Foreign
—
DII / Domestic
9.2%
Retail / others
40.4%
Promoter stake up 0.1% over the last 5 quarters.
Smart-money activity
Bulk / block deals
SoldAMIT CHORDIA(HUF) · NSE99,600 @ ₹80.27 Sep 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2026
See the official result
1
Adoption of Standalone and Consolidated Audited financial statements of the Company for the financial year ended 31st March 2026, together with the reports of the Auditors and the Board of Directors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
9.18 L votes for, 0 against
2
To appoint a Director in place of Ms. Priya Vedavalli K (DIN: 10366109), who retires by rotation and being eligible, offers herself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
9.18 L votes for, 0 against
3
To declare final dividend of Re.1/- (Rupee One only) per equity share of face value of Rs.10/- each for the financial year 2025 - 26
Backed by 100% of shareholders other than promotersneeded 50%
9.18 L votes for, 0 against
4
Ratification of Remuneration to M/s. Starp & Associates, (Firm Registration No. 004143), Cost Accountant in Practice for conducting the audit of cost records of the Company for the year 2026 – 2027.
Backed by 100% of shareholders other than promotersneeded 50%
9.18 L votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 50.5% between them · as of 2026-09-30
Chandhrasekharan Venkatachalam Thirupathi35.41%
Thirupathi Venkatachalam8.73%
Kannaki Thirupathi3.49%
Srinivas Venkatachalam Thirupathi2.80%
Anushri Chandhrasekharan0.01%
Radhai Thirupathi Chandhrasekharan0.01%
Karthikeyan Chandhrasekharanno shares
Meenatchi Meiyappanno shares
Business done with them
FY2025 · 1 of the group
The company paid ₹0 cr to companies in the promoter group last year — about 0.0% of its ₹199 cr revenue and received ₹1 cr back from them.
S A Rubber Engineering PTY Ltd
Sold goods to them · Trade Receivables and sale of Goods
₹1 cr
company received

The company also transacted with 2 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.