Emerald Tyre

: ETML · Tyres & Rubber Products

52W Range₹73 ₹146

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Snapshot

Unlock Emerald Tyre's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Emerald Tyre Manufacturers Limited specialises in the production and supply of off-highway tyres under the GRECKSTER brand. The company focuses on material handling applications, serving sectors such as mining, airport ground support, and industrial logistics.

Business Model

The company operates a customer-centric model, providing tailored tyre solutions to original equipment manufacturers (OEMs) and industrial clients. It enhances service delivery through logistics strategies such as Just-In-Time supply.

Growth Outlook

Growth is driven by the increasing demand for specialised off-highway tyres in industrial and infrastructure sectors. The company aims to leverage its bespoke service model to deepen relationships with existing OEM partners.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the cost of natural rubber and crude oil derivatives can significantly impact manufacturing margins.
  • Cyclical Industrial Demand. The company's performance is sensitive to capital expenditure cycles in the mining, construction, and logistics industries.
  • Competitive Intensity. The off-highway tyre market faces stiff competition from both domestic and international players, potentially pressuring pricing power.
  • Supply Chain Disruptions. Reliance on Just-In-Time delivery models makes the company vulnerable to global logistics bottlenecks and transportation delays.

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Peers · Tyres & Rubber Products

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Emerald TyreETML
₹159 Cr13.0%-43.0%
JK Tyre & Industries Ltd.JKTYRE
₹10,962 Cr16.418.009.9%11.8%12.0%13.5%+18.5%
TVS Srichakra LimitedTVSSRICHAK
₹4,052 Cr43.8714.1618.6%8.7%7.8%10.7%+86.4%
Goodyear India LimitedGOODYEAR
₹1,730 Cr28.129.52-5.1%6.4%10.2%13.3%-23.5%
Megamont LimitedVRWODAR
₹442 Cr328.30407.95-101.2%-49.1%+205.4%
Tolins TyresTOLINS
₹375 Cr11.578.383.5%14.4%9.5%12.1%-38.0%

As of Mar 2026

Financials