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Emerald Tyre Manufacturers (ETML)₹69.25+3.98%Tyres & Rubber Products
In the Mar 2026 quarter (consolidated), Emerald Tyre Manufacturers reported sales of ₹113 Cr, up 12.0% from Mar 2025, and net profit of ₹2.99 Cr, down 25.4% year on year. For the year to Mar 2026, sales were ₹217 Cr and net profit ₹9.99 Cr.
Company filings, consolidated accounts; latest reported quarter Mar 2026
| Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 | |
|---|---|---|---|---|
| Sales | 98.59 | 101 | 105 | 113 |
| Expenses | 85.29 | 88.40 | 90.29 | 100 |
| Operating Profit | 14.03 | 13.01 | 15.02 | 13.02 |
| OPM % | 14.0% | 13.0% | 14.0% | 11.0% |
| Other Income | 2.01 | 1.01 | 4.01 | 3.01 |
| Interest | 4.99 | 4.99 | 5.99 | 7.99 |
| Depreciation | 3.01 | 3.01 | 3.01 | 4.01 |
| Profit before tax | 8.02 | 6.01 | 9.01 | 4.01 |
| Tax % | 23.0% | 32.0% | 19.0% | 38.0% |
| Exceptional items | −0.06 | 0.00 | 0.00 | 0.00 |
| Net Profit | 6.01 | 4.01 | 8.01 | 2.99 |
| EPS (Rs) | 4.38 | 2.07 | 3.87 | 1.41 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 84.66 | 86.71 | 134 | 163 | 170 | 198 | 217 |
| Expenses | 78.33 | 80.28 | 118 | 143 | 142 | 173 | 192 |
| Operating Profit | 6.01 | 7.01 | 16.03 | 21.04 | 30.04 | 27.03 | 27.04 |
| OPM % | 8.0% | 8.0% | 12.0% | 13.0% | 17.0% | 14.0% | 13.0% |
| Other Income | 4.01 | 1.01 | 1.01 | 2.01 | 0.00 | 3.01 | 7.02 |
| Interest | 8.98 | 6.99 | 6.99 | 8.98 | 8.98 | 9.99 | 13.98 |
| Depreciation | 4.01 | 4.01 | 3.01 | 4.01 | 6.01 | 6.01 | 7.01 |
| Profit before tax | −3.01 | −3.01 | 7.01 | 10.01 | 15.02 | 14.03 | 14.02 |
| Tax % | 2.0% | 29.0% | 30.0% | 30.0% | 21.0% | 27.0% | 25.0% |
| Exceptional items | 0.00 | 0.03 | 0.00 | 0.00 | −0.58 | −0.06 | 0.00 |
| Net Profit | −2.99 | −3.99 | 4.99 | 7.01 | 12.01 | 10.01 | 9.99 |
| EPS (Rs) | −5.46 | −5.58 | 7.05 | 11.14 | 8.04 | 5.34 | 5.28 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 12.0% | 19.0% | 19.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 5.99 | 5.98 | 6.98 | 6.98 | 13.95 | 18.93 | 18.95 |
| Reserves | 16.97 | 14.98 | 18.96 | 27.96 | 39.95 | 89.89 | 95.89 |
| Borrowings | 63.01 | 68.99 | 74.96 | 84.98 | 86.98 | 88.00 | 136 |
| Other Liabilities | 24.97 | 21.89 | 33.88 | 28.86 | 32.88 | 39.81 | 34.83 |
| Total Liabilities | 111 | 112 | 135 | 148 | 174 | 237 | 286 |
| Fixed Assets | 32.98 | 28.98 | 30.97 | 44.91 | 53.92 | 55.90 | 130 |
| CWIP | 3.01 | 4.01 | 10.01 | 7.01 | 6.01 | 30.04 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 5.99 |
| Other Assets | 73.95 | 78.85 | 92.80 | 95.86 | 112 | 150 | 150 |
| Inventories | 46.19 | 45.16 | 50.23 | 55.23 | 58.20 | 67.31 | 74.33 |
| Trade receivables | 16.94 | 20.92 | 26.92 | 29.89 | 39.87 | 44.86 | 53.80 |
| Cash & equivalents | 0.00 | 0.99 | 0.00 | 0.99 | 3.98 | 15.94 | 10.96 |
| Total Assets | 111 | 112 | 135 | 148 | 174 | 237 | 286 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from operating activity | 2.01 | −1.01 | 9.02 | 12.04 | 12.04 | 8.02 | 21.05 |
| Cash from investing activity | 0.99 | −1.99 | −14.97 | −13.95 | −11.96 | −31.90 | −57.84 |
| Cash from financing activity | −4.01 | 4.01 | 5.01 | 2.01 | 1.01 | 35.04 | 32.03 |
| Net cash flow | −1.01 | 1.01 | −1.01 | 1.01 | 2.01 | 12.04 | −5.02 |
| Capex | 0.99 | 0.99 | 11.99 | 14.98 | 13.99 | 30.96 | 50.92 |
| Free cash flow | 0.99 | −1.99 | −2.99 | −2.99 | −1.99 | −22.93 | −29.93 |
| CFO / OP % | 40.0% | −10.0% | 70.0% | 67.0% | 53.0% | 44.0% | 93.0% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor days | 71 | 88 | 74 | 67 | 85 | 82 | 89 |
| Inventory days | 374 | 346 | 233 | 207 | 226 | 211 | 219 |
| Days payable | 121 | 101 | 78 | 68 | 79 | 86 | 62 |
| Cash conversion cycle | 327 | 336 | 232 | 209 | 235 | 209 | 250 |
| Working capital days | 37 | 55 | 23 | 13 | 27 | 25 | 50 |
| ROCE % | — | 5.0% | 14.0% | 17.0% | 19.0% | 14.0% | 12.0% |
For the Mar 2026 quarter, Emerald Tyre Manufacturers reported sales of ₹113 Cr, up 12.0% year on year and net profit of ₹2.99 Cr, down 25.4% year on year. The operating margin was 11.0%.
Emerald Tyre Manufacturers' sales for the year to Mar 2026 were ₹217 Cr.
Net profit for the year to Mar 2026 was ₹9.99 Cr. Earnings per share over the same trailing period were ₹5.28.
Emerald Tyre Manufacturers reported borrowings of ₹136 Cr at Mar 2026, against cash and equivalents of ₹10.96 Cr.
Cash from operations was ₹21.05 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹29.93 Cr.