Eastern Treads Limited (531346) Fair Value & Analysis
Consumer Goods · IN · Market cap ₹188M
Fair value as of: Aug 13, 2026
From 7 valuation models · updated 5 days ago
A solid business, but screening 89% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹4.09). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹26.74 – ₹65.80 · fair‑value band ₹2.45 – ₹4.09 · the ₹30.49 price screens above the ₹3.27 fair value. Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Eastern Treads Limited (531346) currently trades at ₹30.49, while our model-based Fair Value estimate is ₹3.27, implying the stock looks roughly 89.3% overvalued today. The Quality Score stands 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 Aug 13, 2026
Our scenario range runs from ₹2.45 (bear case) to ₹4.09 (bull case); at ₹30.49, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 19% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Goods peers we cover trades at -24% fair-value upside, at -89%, 531346 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 7 models by family
Widest divergence: Multiples (₹2.78) versus Dividend Discount (₹0.0100). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 51 · Market factors (momentum, volatility) 41
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Eastern Treads Limited, together with its subsidiaries, manufactures and sells tread rubber, rubber based adhesives, and tire retreading accessories in India.
Full company description
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.
Company description, as reported by the company or data provider.
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.
531346 screens 89% overvalued. Compare with Finolex Industries Limited →
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
PAST 0: with negative equity (buybacks among others) return on equity is not meaningfully computable.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Rubber & Plastics stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Finolex Industries Limited 500940 | ₹158.35 | ₹162.97 | +3% |
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| Rubfila International Limited 500367 | ₹68.85 | ₹96.62 | +40% |
| Pix Transmissions Limited 500333 | ₹1,929 | ₹1,143 | -41% |
| International Conveyors Limited 509709 | ₹73.86 | ₹56.24 | -24% |
| Machino Plastics Limited 523248 | ₹269.40 | ₹43.10 | -84% |
| Polylink Polymers (India) Limited 531454 | ₹22.23 | ₹9.41 | -58% |
| Krypton Industries Limited 523550 | ₹36.95 | ₹35.73 | -3% |
| Kunststoffe Industries Limited 523594 | ₹19.59 | ₹35.60 | +82% |
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Frequently asked questions
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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.
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