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Eastern Treads Limited (531346) Fair Value & Analysis

Consumer Goods · IN · Market cap ₹188M

ET Eastern Treads Limited 531346 · BSE
Price₹29.00
Fair Value₹3.27
Upside-88.7%
Quality52/100
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Evidence: High Range ₹2.45 – ₹3.27

Fair value as of: Jul 4, 2026

From 20 valuation models · updated today

Share price +7.2% over the past month.

Price vs Fair Value (12 months)

₹35.54 ₹26.74 Fair Value ₹3.27 Jul 2025 Jul 2026

12‑month range ₹26.74 – ₹35.54 · fair‑value band ₹2.45 – ₹3.27 · the ₹29.00 price screens above the ₹3.27 fair value. As of Jul 4, 2026.

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Analysis

Eastern Treads Limited (531346) currently trades at ₹29.00, while our model-based Fair Value estimate is ₹3.27 — implying the stock looks roughly 88.7% overvalued today. We read business quality at 52/100 (solid quality), in the Consumer Goods sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Eastern Treads Limited generated revenue of ₹711M at a net margin of -2.9%. Revenue declined 34.3% year over year. Net debt stands at ₹325M. Fundamentals as of Jul 4, 2026

Key figures & financial health

Revenue (TTM) ₹711M
Revenue growth (YoY) -34.3%
Net margin -2.9%
Free cash flow ₹1.0M FY2026
Operating margin 1.6%
EPS (TTM) ₹-2.57
More key figures
Net debt ₹325M FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.

About the company

Eastern Treads Limited, together with its subsidiaries, manufactures and sells tread rubber, rubber based adhesives, and tire retreading accessories in India. It offers pre-cured and conventional tread rubber; hot rubber slabs and camel back treads; cushion/bonding gums; black vulcanizing cement; and radial patches / tyre patches, as well as retreading services. The company also exports its products. Eastern Treads Limited was incorporated in 1993 and is based in Kochi, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Eastern Treads Limited reported revenue of ₹624M in FY2026 versus ₹723M in FY2022, a compound −3.6%/yr. Reported net income was ₹856K in FY2026.

Revenue −3.6%/yr
FY22 ₹723M
FY23 ₹598M
FY24 ₹595M
FY25 ₹602M
FY26 ₹624M
Net income
FY22 −₹96.8M
FY23 −₹72.3M
FY24 −₹29.5M
FY25 −₹30.3M
FY26 ₹856K

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International Conveyors Limited 509709 ₹79.22 ₹56.24 -29%
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Frequently asked questions

Is Eastern Treads Limited (531346) undervalued?
As of Jul 4, 2026, our model estimates a fair value of ₹3.27 versus a price of ₹29.00 — about −89% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 531346?
Our model-based fair value for Eastern Treads Limited is ₹3.27 (as of Jul 4, 2026), built from audited fundamentals. The current price is ₹29.00.
What is the quality score of 531346?
Eastern Treads Limited has a Quality Score of 52/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Eastern Treads Limited (531346)?
Eastern Treads Limited reported trailing-twelve-month revenue of about ₹711M (latest available figure, as of Jul 4, 2026).
What is the net profit margin of 531346?
The net profit margin of Eastern Treads Limited is about -2.9%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.