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[Dilip Davda] The company is engaged manufacturing and marketing of comprehensive range of tyres for material handling applications and has global presence. It posted steady growth in its top lines with boosted bottom lines from FY22 onwards. Based on FY25 annualized super earnings, the issue appears fully priced. Investors may park funds for medium to long term. Read detail review...
Emerald tyre Manufacturers Limited peer comparison with similar listed entities. (As on March 31, 2024)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| Emerald tyre Manufacturers Limited | 8.44 | 8.44 | 11.25 | 22.63 | 2.55 | ||
| Balkrishna Industries Ltd. | 76.12 | 76.12 | 457.99 | 30.44 | 16.62 | ||
| Tvs Srichakra Ltd. | 140.98 | 140.98 | 1,451.87 | 27.72 | 9.69 |
All the financial information for listed industry peers mentioned above is sourced from the Limited Review Report of the aforesaid companies for the year ended March 31, 2024. The current market price and related figures are as on March 28, 2024.
1. P/E figures for the peers are based on closing market prices of equity shares on BSE and NSE on March 28, 2024 divided by the Basic EPS as at March 31, 2024.
2. Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 23-24 of the listed peer companies.
3. Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2024 divided by Total Equity as on March 31, 2024.
4. NAV per share for listed peers is computed as the Total Equity as on March 31, 2024 divided by the outstanding number of equity shares as on March 31, 2024
Emerald Tyre Manufacturers IPO Reviews, analysis and views by popular members. Read Emerald Tyre Manufacturers Ltd. IPO reviews by retail investors to find recommended ipo to buy.
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