Eastern Treads
BSE: EASTRED · Tyres & Rubber Products
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Eastern Treads's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Eastern Treads Limited is an Indian manufacturer specialising in tyre retreading materials, including precured tread rubber, cushion gum, and vulcanising solutions. The company serves a diverse vehicle segment ranging from heavy commercial vehicles to passenger cars and off-road equipment.
Business Model
The company generates revenue through the manufacturing and marketing of rubber products, distributing its offerings via an extensive network of franchisees and dealers across India. It focuses on the after-sales tyre market by providing sustainable retreading solutions that extend the operational lifecycle of tyres.
Management Commentary
Management emphasises the company's commitment to sustainable transportation solutions by promoting high-quality retreading processes. The firm leverages its position within the Eastern Group to maintain its market presence.
Growth Outlook
Growth is driven by the increasing demand for cost-effective and sustainable tyre maintenance solutions in the commercial and passenger vehicle sectors. The company aims to expand its reach through its established pan-India dealer and franchisee network.
Key Risks
- Raw Material Price Volatility. Fluctuations in the price of natural rubber and crude oil derivatives significantly impact the company's production costs and profit margins.
- Intense Market Competition. The tyre retreading industry faces stiff competition from both organised players and unorganised local manufacturers, which can exert pressure on pricing.
- Economic Cyclicality. Demand for retreading services is closely linked to the health of the commercial transport sector, which is sensitive to broader economic downturns.
- Technological Obsolescence. Failure to adapt to evolving tyre manufacturing technologies or shifts toward new vehicle types could negatively affect the relevance of existing retreading products.
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Key Metrics
REVENUE
₹63 Cr
TTM · standalone
NET PROFIT
₹-1 Cr
TTM · standalone
EPS
₹3.38
TTM · standalone
RETURN ON EQUITY
25.7%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
-42.0%
TTM · standalone
P/E
8.7x
Q1 FY26 · standalone
EV/EBITDA
23.8x
Q1 FY26 · standalone
EBITDA MARGIN
3.1%
TTM · standalone
NET PROFIT MARGIN
0.9%
Q3 FY26 · standalone
DEBT TO EQUITY
2.6x
Q2 FY26 · standalone
Peers · Tyres & Rubber Products
| Company | Mkt Cap | P/E | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Eastern TreadsEASTRED | ₹16 Cr | 8.96 | 24.72 | 5.9% | 3.1% | 25.7% | -42.0% | +0.9% |
JK Tyre & Industries Ltd.JKTYRE | ₹10,962 Cr | 16.41 | 8.00 | 9.9% | 11.8% | 12.0% | 13.5% | +18.5% |
TVS Srichakra LimitedTVSSRICHAK | ₹4,052 Cr | 43.87 | 14.16 | 18.6% | 8.7% | 7.8% | 10.7% | +86.4% |
Goodyear India LimitedGOODYEAR | ₹1,730 Cr | 28.12 | 9.52 | -5.1% | 6.4% | 10.2% | 13.3% | -23.5% |
Megamont LimitedVRWODAR | ₹442 Cr | 328.30 | 407.95 | — | — | -101.2% | -49.1% | +205.4% |
Tolins TyresTOLINS | ₹375 Cr | 11.57 | 8.38 | 3.5% | 14.4% | 9.5% | 12.1% | -38.0% |
As of Q1 FY26
Financials
Eastern Treads
BSE: EASTRED · Tyres & Rubber Products
Limited coverage
We are not actively covering this company or have limited coverage today. Click to request coverage.
Snapshot
Unlock Eastern Treads's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Eastern Treads Limited is an Indian manufacturer specialising in tyre retreading materials, including precured tread rubber, cushion gum, and vulcanising solutions. The company serves a diverse vehicle segment ranging from heavy commercial vehicles to passenger cars and off-road equipment.
Business Model
The company generates revenue through the manufacturing and marketing of rubber products, distributing its offerings via an extensive network of franchisees and dealers across India. It focuses on the after-sales tyre market by providing sustainable retreading solutions that extend the operational lifecycle of tyres.
Management Commentary
Management emphasises the company's commitment to sustainable transportation solutions by promoting high-quality retreading processes. The firm leverages its position within the Eastern Group to maintain its market presence.
Growth Outlook
Growth is driven by the increasing demand for cost-effective and sustainable tyre maintenance solutions in the commercial and passenger vehicle sectors. The company aims to expand its reach through its established pan-India dealer and franchisee network.
Key Risks
- Raw Material Price Volatility. Fluctuations in the price of natural rubber and crude oil derivatives significantly impact the company's production costs and profit margins.
- Intense Market Competition. The tyre retreading industry faces stiff competition from both organised players and unorganised local manufacturers, which can exert pressure on pricing.
- Economic Cyclicality. Demand for retreading services is closely linked to the health of the commercial transport sector, which is sensitive to broader economic downturns.
- Technological Obsolescence. Failure to adapt to evolving tyre manufacturing technologies or shifts toward new vehicle types could negatively affect the relevance of existing retreading products.
Start your research today
Unlock AI insights, financials, peers and live data on Eastern Treads and 5,000+ companies — free.
Key Metrics
REVENUE
₹63 Cr
TTM · standalone
NET PROFIT
₹-1 Cr
TTM · standalone
EPS
₹3.38
TTM · standalone
RETURN ON EQUITY
25.7%
TTM · standalone
RETURN ON CAPITAL EMPLOYED
-42.0%
TTM · standalone
P/E
8.7x
Q1 FY26 · standalone
EV/EBITDA
23.8x
Q1 FY26 · standalone
EBITDA MARGIN
3.1%
TTM · standalone
NET PROFIT MARGIN
0.9%
Q3 FY26 · standalone
DEBT TO EQUITY
2.6x
Q2 FY26 · standalone
Peers · Tyres & Rubber Products
As of Q1 FY26