Emerald Tyre Manufacturers Limited

Emerald Tyre Manufacturers Limited (ETML) is a micro-cap Automobile and Auto Components company valued at ₹132 crore operating in Tyres & Rubber Products on the NSE and BSE.

Recent price move

Emerald Tyre Manufacturers Limited last traded at ₹67.65, down 3.63% on the day.

Recent developments

On 2026-03-31, the company reported its latest quarter results, showing a significant drop in net profit compared to the same quarter a year earlier. The company's financials for the fiscal year ended 2026-03-31 were also disclosed, with annual revenue and net profit growing at 9.6% and 3.3% respectively.

Financial performance

The company's business has grown steadily, with annual revenue rising 9.6% to ₹218 crore. However, the latest quarter showed a sharp decline in net profit, which fell 25.0% to ₹3 crore, despite revenue increasing 11.9% to ₹113 crore compared to the same quarter a year earlier. The net profit margin also narrowed by 0.3 percentage points to 4.7%.

Valuation multiples

The stock trades at 12.8 times earnings, 1.37 times book value. It yields 1.2%.

Things to watch

The company's net profit margin has declined, which could signal pressure on profitability. The stock is 44.3% below its 52-week high, indicating a substantial drop in value. The company's return on equity is 8.9%, which is relatively low compared to industry standards.

Where it stands

Emerald Tyre Manuf Ltd has shown consistent revenue growth over the past five years, but its latest quarter results highlight a challenge in maintaining profit growth. The stock is significantly below its 52-week high, and the net profit margin has narrowed, which could affect its profitability. The company's financials for the fiscal year ended 2026-03-31 show a modest increase in revenue and net profit, but the recent quarter's performance raises concerns about its ability to sustain growth.

Summarised by DocStoX's model on 2026-10-04 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.