58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Emerald Tyre Manufacturers Limited IPO Analysis

Emerald Tyre Manufacturers IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in Chennai and caters to Rubber sector. GYR Capital Advisors Private is the merchant banker of Emerald Tyre Manufacturers IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 4th April 2024.

Emerald Tyre Manufacturers IPO posted revenues of Rs 194.76 crores and PAT of Rs 12.39 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Emerald Tyre IPO Financial Performance (Restated)

Financial results of Emerald Tyre Manufacturers IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Jul-24
FY24
FY23
FY22
Balance Sheet
Assets
181.90
173.93
149.76
135.56

Net Worth
58.13
53.97
36.98
28.97

Total Debt
87.50
87.81
84.66
75.04

Profit & Loss
Revenue
Revenue on annualised basis
63.80
191.40
170.98
163.93
133.64

EBITDA
EBITDA on annualised basis
10.40
31.20
29.62
23.89
15.44

PAT
PAT on annualised basis
4.13
12.39
12.14
8.92
4.84

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Emerald Tyre IPO Key performance Indicators (KPI)

Emerald Tyre Manufacturers IPO PAT Margin is 6.47%, ROCE (Return on Capital Employed) is 5.90% as per latest financial. The below table shows Emerald Tyre Manufacturers IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Jul-24
FY24
FY23
FY22

EBITDA Margin (%)
16.30
17.32
14.57
11.55

PAT Margin (%)
6.47
7.10
5.44
3.62

EPS (Rs.)
2.85
8.64
13.61
7.58

ROE (%)
7.10
22.49
24.12
16.71

ROCE (%)
5.90
17.62
16.04
11.45

ROA (%)
2.27
6.98
5.96
3.57

Debt to Equity (x)  
1.51
1.63
2.29
2.59

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Emerald Tyre Manufacturers IPO Valuation Metrics

The market Capitalisation of Emerald Tyre Manufacturers IPO is Rs 185.03 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
185.03

Enterprice Value (EV) (Rs. Cr.):
266.74

EV/EBITDA (times) :
8.55

PE Multiple (times) :
15.12

P/B (times) :
1.72

NAV (Rs.) :
40.12

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Emerald Tyre prospectus?

The Emerald Tyre Manufacturers IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Emerald Tyre IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Emerald Tyre Manufacturers IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Emerald Tyre IPO ?

The post-IPO market capitalisation of Emerald Tyre Manufacturers IPO is ₹185.03 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Emerald Tyre IPO?

The Emerald Tyre Manufacturers IPO has a Price-to-Earnings (PE) ratio of 15.12 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Emerald Tyre Manufacturers IPO?

Emerald Tyre Manufacturers IPO reported revenue of ₹194.76 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Emerald Tyre Manufacturers IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Emerald Tyre Manufacturers IPO?

Emerald Tyre Manufacturers recorded an EBITDA of ₹ 31.20 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Emerald Tyre Manufacturers IPO?

Emerald Tyre Manufacturers Profit After Tax (PAT) is ₹12.39 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 191.40 Cr.
            EBITDA: ₹ 31.20 Cr.
            PAT: ₹ 12.39 Cr.
  • EBITDA Margin: 16.30 %
            Pat Margin: 6.47%
  • Net Worth: ₹ 58.13 Cr.
  • Market Capitalisation: ₹ 185.03 Cr.
  • P/E: 15.12 times
  • P/BV: 1.72 times
  • EV/EBITDA: 8.55 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Emerald Tyre Manufacturers operates in Rubber and Manufacturing, Supplying, And Servicing A Wide Range Of Tyres.. The Issue is listed on NSE EMERGE in Dec, 2024. Emerald Tyre Manufacturers IPO size was 49.26 with Issue price of 95.00 .

Emerald Tyre Manufacturers IPO subscription was 530.59 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Emerald Tyre Manufacturers IPO listed at a listing price of 189.50 against the offer price of 95.00.

The current market price of Emerald Tyre Manufacturers is 106.00.

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