Emerald Tyre Manufacturers Ltd IPO

Incorporated in 2002, Emerald Tyre Manufacturers specializes in manufacturing, supplying, and servicing a wide range of tyres. The company offers its products under the brand name “GRECKSTER“.

Emerald Tyre Manufacturers products are Solid Resilient Tyres, Press bands, Industrial Penumatic Tyres & Butyl Tubes & Flaps and Wheel Rims.

The company’s products are being exported to global markets including, the USA, UAE, Russia, and major European Countries like Belgium, Germany, Netherlands, Hungry, Portugal, Italy, Denmark Poland besides the UK. The company also has warehouses located in Belgium, UAE and the USA providing on-time delivery of products and value-added services to customers across Europe, the Middle East and now in North America.

As of March 31 2024, The company had 224 permanent and 191 contractual employees.

Competitive Strength:

  1. Experienced and dedicated management team
  2. Manufacturing Facility to handle a wide range of off Highway Tyres
  3. Wide product range and customized product offering
  4. Diverse Customer Base
  5. Qualitative Products
 

Emerald Tyre Manufacturers Limited Financial Information (Restated Consolidated)

Emerald Tyre Manufacturers Limited’s revenue increased by 2.37% and profit after tax (PAT) rose by 36% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Jul 202431 Mar 202431 Mar 202331 Mar 2022
Assets18,190.2917,393.6014,976.8613,556.09
Revenue6,492.7517,196.8416,798.1013,469.67
Profit After Tax413.641,214.32892.85484.62
Net Worth5,813.805,397.593,698.842,897.44
Reserves and Surplus4,364.753,948.543,042.792,241.39
Total Borrowing8,750.188,718.288,466.407,504.59
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Emerald Tyre Manufacturers IPO is Rs 185.03 Cr.

KPI as of March 31, 2024.

KPIValues
ROCE15.84%
Debt/Equity1.61
RoNW22.63%
P/BV2.55
PAT Margin (%)7.16
 Pre IPOPost IPO
EPS (Rs) 8.446.28
P/E (x) 11.2515.12

Note:

  • The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
  • The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.

Objects of the Issue (Emerald Tyre Manufacturers IPO Objectives)

The Company proposes to utilize the funds which are being raised towards funding the following objects:

  1. To meet the Capital Expenditure
  2. To meet General Corporate Purposes
  3. To meet Offer Expenses

Emerald Tyre Manufacturers IPO Details

IPO DateDecember 5, 2024 to December 9, 2024
Listing Date[.]
Face Value₹10 per share
Price Band₹90 to ₹95 per share
Lot Size1200 Shares
Total Issue Size5,185,200 shares
(aggregating up to ₹49.26 Cr)
Fresh Issue4,986,000 shares
(aggregating up to ₹47.37 Cr)
Offer for Sale199,200 shares of ₹10
(aggregating up to ₹1.89 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue14,490,512
Share holding post issue19,476,512
Market Maker portion300,000 shares

Emerald Tyre Manufacturers IPO Promoter Holding

Chandhrasekharan Trirupathi Venkatachalam is the Promoter of the Company.

Share Holding Pre Issue67.62%
Share Holding Post Issue 

SHARIAH SCREENING for - Emerald Tyre Manufacturers Limited IPO

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BUSINESS SCREEN

FINANCIAL RATIOS

As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in

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