Emerald Tyre Manufacturers Peer Comparison

NSE: ETML

₹74.00

₹3.50 (4.96%)

As on 12-Oct-2026IST

Market cap

₹144 Cr

Revenue (TTM)

₹199 Cr

P/E Ratio

14

P/B Ratio

1.3

Div. Yield

1.4 %

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	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
Market cap (₹ Cr)	144	25,458	13,299	9,578	3,290
Revenue (₹ Cr)	199	29,308	16,467	16,404	3,892
Net Profit (₹ Cr)	10.43	1,707.82	566.60	662.07	92.25
Net Margin (%)	5.15	5.79	3.43	4.02	2.35
RoE (%)	12.77	22.40	13.29	13.50	8.79
Price to Earnings	13.96	14.90	22.56	14.71	35.61
Price-To-Book	1.32	1.49	2.64	1.57	2.69

Income Statement
Liabilities
Assets
Cashflow
Ratios

Income Statement (₹ Cr)

	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
Operating Revenue	199.47	26,123.42	13,217.87	14,692.92	3,253.83
Total Income	202.61	26,211.52	13,238.85	14,772.20	3,260.04
Total Expenditure	172.50	22,528.05	11,747.16	13,094.37	3,023.53
EBITDA	26.97	3,595.37	1,470.71	1,598.55	230.30
Depreciation	5.89	1,498.37	562.69	456.49	128.76
EBIT	21.08	2,097.00	908.02	1,142.06	101.54
Interest	10.00	470.45	277.79	476.29	59.84
Other Income	3.15	88.10	20.98	79.28	6.21
Exceptional Items	--	-168.67	-29.61	-31.62	-11.40
Profit before Tax	14.23	1,546.64	643.40	713.43	36.51
Provision for Tax	3.80	425.32	172.03	197.64	15.99
Profit after Tax	10.43	1,121.32	471.37	515.79	20.52

Liabilities (₹ Cr)

	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
Shareholder's Funds	109.31	14,765.70	4,368.53	4,984.15	1,183.90
Minority Interest	--	--	7.73	-0.47	-0.76
Non-Current Liabilities	20.79	5,100.68	1,671.23	3,650.99	481.36
Current Liabilities	107.00	7,360.31	5,166.82	5,800.09	1,311.67
Total Liabilities	237.11	27,226.69	11,214.31	14,434.76	2,976.17

Assets (₹ Cr)

	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
Non-Current Assets	100.65	17,411.35	7,780.30	7,477.75	1,761.95
Current Assets	136.46	9,815.33	3,389.38	6,953.46	1,214.22
Total Assets	237.11	27,226.69	11,214.31	14,434.76	2,976.17
Total Debt*	88.22	3,377.09	1,928.35	4,791.93	879.98
Net Current Assets	29.45	2,455.03	-1,777.44	1,153.37	-97.45
Contingent Liabilities	37.71	1,164.02	263.14	439.98	182.61

Cashflow (₹ Cr)

	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
Cash From Operating Activities	8.16	1,823.14	1,091.96	715.77	197.33
Cash Flow from Investing Activities	-31.73	-202.24	-922.44	-454.92	-154.08
Cash from Financing Activities	35.30	-1,646.57	-176.74	-237.44	-46.64
Net Cash Inflow / Outflow	11.72	-25.67	-7.22	23.41	-3.39

Ratios

Profitability Ratios

	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
ROCE (%)	14.30	11.21	15.39	12.70	4.80
ROE (%)	12.77	7.82	11.21	10.90	1.79
ROA (%)	5.08	4.15	4.45	3.63	0.72
EBIT Margin (%)	15.10	14.10	11.29	11.42	7.27
Net Margin (%)	5.15	4.28	3.56	3.49	0.63
Cash Profit Margin (%)	8.18	10.03	7.82	6.62	4.24

Growth Ratios

	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
Revenue Growth (%)	16.66	2.94	10.67	-2.06	11.20
EBIT Growth (%)	0.95	-20.31	-10.78	-20.93	-23.02
Net Profit Growth (%)	-10.72	-34.88	-25.80	-36.44	-80.96
EPS Growth (%)	-33.58	-34.88	-26.45	-38.35	-80.91
Book Value Growth (%)	101.88	6.21	8.06	11.04	6.45

Valuation Ratios

	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
Price / Earnings	19.26	24.05	24.66	14.94	94.13
Price / Book Value	1.84	1.83	2.67	1.53	1.64
Dividend Yield (%)	0.97	1.18	1.04	1.08	0.67
EV/EBITDA	9.09	8.00	9.07	6.97	11.85
Market Cap (₹ Cr)	201.00	26,972.43	11,652.87	7,610.93	1,939.93

Solvency Ratios

	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
Debt to Equity	0.81	0.23	0.44	0.96	0.74
Short term debt to equity ratio	0.49	0.06	0.14	0.48	0.38
Current Ratio	1.28	1.33	0.66	1.20	0.93
Quick Ratio	0.65	0.64	0.38	0.76	0.32
Interest Coverage	2.42	4.29	3.32	2.50	1.61

Operating Efficiency Ratios

	Emerald Tyre Manufacturers	Apollo Tyres	Ceat	JK Tyre	TVS Srichakra
Debtors to sales (%)	22.61	11.72	12.51	19.27	10.66
Asset Turnover	0.97	0.97	1.25	1.03	1.24
Receivable days	78.25	40.01	40.54	69.38	32.63
Inventory Days	114.41	65.51	35.37	59.71	77.86
Payable days	80.10	69.55	112.45	80.55	87.45
Cash Conversion Cycle	112.56	35.97	-36.53	48.54	23.04