Emerald Tyre Manufacturers Reports FY26 Financial Results, Highlights Operational Strength in Off-Highway Market
Emerald Tyre Manufacturers Limited has released its financial performance update for the fiscal year 2026, underscoring its strengthened position as a leading off-highway tyre manufacturer. The company noted continuous improvement across technology, manufacturing excellence, and product innovation to capitalize on global industry shifts.The Indian market for OTR (Off-the-Road) tyres is projected to reach $18.18 Billion by 2025, driven by rising investments in infrastructure and construction projects globally. Emerald Tyre operates a modern integrated manufacturing facility with an installed production capacity of 10,560 MT, serving both domestic and international markets through wholly owned subsidiaries in Belgium and the UAE.
Management Commentary on FY26 Performance
Chairman & Managing Director, Mr. Chandhrasekharan Thirupathi Venkatachalam, stated that FY26 was dedicated to strengthening Emerald Tyre's position by expanding the product portfolio, enhancing manufacturing capabilities, and deepening market presence across domestic and international segments.He emphasized that enduring success relies on continuous improvement in technology and operational excellence. As infrastructure development, logistics, and industrial activity drive demand for specialized tyre solutions, the company remains committed to delivering high-quality products and pursuing sustainable growth through innovation and customer centricity.
Financial Performance Snapshot (FY26)
The comprehensive financial results for FY26 demonstrate solid performance across key metrics. The P&L statement shows sustained growth in revenue from operations.| Particulars | FY26 (₹ Lakhs) | FY25 (₹ Lakhs) | FY24 (₹ Lakhs) |
|---|---|---|---|
| Revenue from operations | 21,815.96 | 19,946.80 | 17,098.74 |
| Total Income | 22,514.48 | 2,0261.47 | 17,196.84 |
| Raw Materials | 12,190.66 | 11,504.70 | 9,361.32 |
| Total Expenses | 19,067.12 | 17,240.81 | 14,132.30 |
| EBITDA | 3,447.36 | 3,020.66 | 3,064.54 |
| PBT | 1,379.38 | 1,432.33 | 1,563.41 |
| Tax expense | 346.88 | 379.74 | 313.21 |
| PAT | 1,032.50 | 1,043.34 | 1,168.68 |
Balance Sheet and Operational Health (FY26)
The balance sheet highlights significant investment in fixed assets alongside strong current asset holdings. Equity increased substantially during the year, supported by substantial reserves and surplus accumulation.| Metric | FY26 (₹ Lakhs) |
|---|---|
| Total Assets | 28,606.93 |
| Total Equity & Liabilities | 28,606.93 |
| Net Worth | 11,537.36 |
Key operational metrics include:
- Total Income (FY26): ₹ 22,514.48 Lakhs
- EBITDA (FY26): ₹ 3,447.36 Lakhs
- PAT (FY26): ₹ 1,032.50 Lakhs
Production Capacity and Future Growth Roadmap
The company boasts a diverse product portfolio, including solid resilient tyres (such as Greckster MEO and EmpowerXT), press-on bands, industrial pneumatic tyres, and wheel rims.In terms of production capacity, the data highlights utilization rates across different products:
| Product Category | Installed Capacity (MT) | Production (MT) | Capacity Utilization (%) - FY26 |
|---|---|---|---|
| Solid Resilient | 5,920.00 | 4,491.41 | 75.87 |
| Press On | 900.00 | 588.24 | 65.36 |
| Industrial Pneumatic | 4,620.00 | 3,963.20 | 85.78 |
| Wheel Rims | 1,200 | 960.45 | 80.04 |
Looking ahead, the growth roadmap focuses on enhancing capabilities and reducing reliance on single geographies. Initiatives include commissioning a new automated rubber mixing plant, expanding solid tyre manufacturing capacity, and launching premium products like AXIMO in the solid tyre range. The company is pursuing expansion opportunities across several regions including Australia, Europe, Latin America, Southern Africa, and Saudi Arabia.
Stock Market Data Update
As of 10-07-2026, Emerald Tyre Manufacturers Limited (NSE: ETML) maintained a market capitalization of ₹ 164.77 Cr. The company reported an outstanding share base of 19,476,512 shares at a face value of ₹ 10.***
ETML Stock Price Movement
As of 1:36 PM, shares of Emerald Tyre Manufacturers Limited are shedding value in live trading, currently slipping 1.00% to ₹84.05. Trading activity stands at 36,000 shares as the stock moves within its intraday range established between a low of ₹84.0 and a high of ₹86.05.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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