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Eastern Treads Ltd

EASTRED

Eastern Treads Ltd

EASTRED
Consumer DiscretionaryTires & Rubber
SmallcapWith a market cap of ₹24 cr, stock is ranked 4,006
High RiskStock is 3.60x as volatile as Nifty
42.008.66% (-3.98)
42.008.66% (-3.98)

Price Chart

High
Low
Returns
1D
1W
1M
1Y
5Y
Max
SIP
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1D
1W
1M
1Y
5Y
Max
SIP
Consumer DiscretionaryTires & Rubber
SmallcapWith a market cap of ₹24 cr, stock is ranked 4,006
High RiskStock is 3.60x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

Avg

Average profitability - not good, not bad

Entry point

Avg

The stock is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

Consumer DiscretionaryTires & Rubber
SmallcapWith a market cap of ₹24 cr, stock is ranked 4,006
High RiskStock is 3.60x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
-7.74-3.02
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.636.710.49%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Eastern Treads is a conglomerate holding company, engaged in the business of manufacturing and dealing of tread rubber and rubber-based adhesives and retreading services

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of -8.89%, vs industry avg of 8.67%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 0.15% to 0.06%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue87.7091.2994.6097.9477.7867.0972.6264.7561.5059.44
Raw Materialssubtract57.8067.5469.3069.5952.8642.7250.2839.8338.3758.87
Power & Fuel Costsubtract2.392.402.743.513.343.022.842.412.47
Employee Costsubtract7.347.558.489.989.828.109.729.979.64
Selling & Administrative Expensessubtract8.566.415.665.764.583.814.879.846.91
Operating & Other expensessubtract3.940.815.524.732.574.899.765.503.04
Depreciation/Amortizationsubtract1.161.822.112.632.472.121.831.651.221.06
Interest & Other Itemssubtract1.382.973.273.613.233.313.203.232.972.80
Taxes & Other Itemssubtract1.730.49-0.18-0.180.03-0.32-0.21-0.45-0.17-0.18
EPS6.282.40-4.25-3.12-2.07-1.03-17.87-13.36-5.45-5.75
DPS0.970.500.000.000.000.000.000.000.000.00
Payout ratio0.150.210.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2018

Annual Report Unavailable

Investor Presentation

Dec 20PDF
Sep 25PDF
Sep 21PDF
FY 2019

Annual Report Unavailable

Investor Presentation

Jun 6PDF
Feb 22PDF
Nov 22PDF
Aug 24PDF
FY 2020

Annual report

PDF

Investor Presentation

Mar 2PDF
Nov 26PDF
Aug 28PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTires & Rubber

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Eastern Treads Ltd-8.15-3.02
Balkrishna Industries Ltd36.566.080.58%
MRF Ltd25.073.120.16%
Apollo Tyres Ltd17.822.211.24%

Price Comparison

Compare EASTRED with any stock or ETF
Compare EASTRED with any stock or ETF
EASTRED
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding66.26%0.00%0.00%0.00%33.74%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.00%0.00%0.00%0.00%0.00%0.00%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

EASTRED has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJun 29, 2017

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Jun 29, 2017

Cash Dividend

Ex DateEx DateMay 26, 2016

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

May 26, 2016

Cash Dividend

Ex DateEx DateFeb 1, 2016

Interim
Interim | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Feb 1, 2016

Cash Dividend

Ex DateEx DateJul 21, 2015

Final
Final | Div/Share: ₹0.50

Dividend/Share

0.50

Ex DateEx Date

Jul 21, 2015

News & Opinions
Earnings
Eastern Treads reports standalone net loss of Rs 0.94 crore in the September 2024 quarter

Net Loss of Eastern Treads reported to Rs 0.94 crore in the quarter ended September 2024 as against net loss of Rs 0.90 crore during the previous quarter ended September 2023. Sales declined 7.77% to Rs 14.24 crore in the quarter ended September 2024 as against Rs 15.44 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales14.2415.44 -8 OPM %-4.781.10 - PBDT-1.18-0.59 -100 PBT-1.40-0.92 -52 NP-0.94-0.90 -4 Powered by Capital Market - Live

52 minutes agoCapital Market - Live
Corporate
Eastern Treads to convene board meeting

Eastern Treads will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

5 days agoCapital Market - Live
Corporate
Eastern Treads to convene AGM

Eastern Treads announced that the Annual General Meeting (AGM) of the company will be held on 25 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Eastern Treads reports standalone net loss of Rs 1.40 crore in the June 2024 quarter

Net Loss of Eastern Treads reported to Rs 1.40 crore in the quarter ended June 2024 as against net loss of Rs 1.23 crore during the previous quarter ended June 2023. Sales declined 2.27% to Rs 14.20 crore in the quarter ended June 2024 as against Rs 14.53 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales14.2014.53 -2 OPM %-4.23-0.55 - PBDT-1.21-0.87 -39 PBT-1.43-1.25 -14 NP-1.40-1.23 -14 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Eastern Treads to conduct board meeting

Eastern Treads will hold a meeting of the Board of Directors of the Company on 12 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live

Eastern Treads relinquishes control over subsidiary - Shipnext

2 years agoBusiness Standard

Eastern Treads reports consolidated net loss of Rs 2.14 crore in the September 2021 quarter

3 years agoBusiness Standard

Eastern Treads Consolidated June 2021 Net Sales At Rs 17.03 Crore, Up 21.1% Y-o-Y

3 years agoMoneycontrol

Eastern Treads reports consolidated net loss of Rs 1.65 crore in the June 2021 quarter

3 years agoBusiness Standard

Eastern Treads reports consolidated net profit of Rs 0.86 crore in the December 2020 quarter

3 years agoBusiness Standard