Emerald Tyre Manufacturers is a leading Indian company specializing in the production of high-quality retreaded and new tires for various automotive and industrial applications. Known for its commitment to durability, performance, and sustainability, the company offers a wide range of tire solutions to cater to the needs of the transportation, agriculture, and industrial sectors. As of December 19, 2024, the Emerald Tyre share price on the NSE is ₹184. Below are the projected Emerald Tyre share price target for the years 2025, 2030, 2035 And 2040.
Additionally, feel free to join our – Tele-(g)ram) where we share Fast stock market news and updates➥https://bit.ly/TradeWatch360
Emerald Tyre Manufacturers Ltd. Company Overview
Emerald Tyre Manufacturers focuses on delivering reliable and cost-effective tire solutions, leveraging advanced manufacturing technologies and stringent quality standards. The company offers products that include retreaded tires, off-the-road (OTR) tires, and specialty tires, designed to perform in challenging conditions and extend the life cycle of vehicles and equipment. The company is also committed to sustainable practices by promoting the use of retreaded tires, which help reduce waste and contribute to environmental conservation.
| Trade name | Emerald Tyre Manufacturers Ltd |
| Company type | Public |
| Traded as | NSE: ETML BSE: 81767 |
| Founded | 2002; 22 years ago |
| Sector | Tyres |
| Headquarters | Chennai, Tamil Nadu, India |
| Key people | Chandrasekharan Thirupathi V(Chairman & MD) Krishnaram V(CEO) |
| Specialize | Industrial tyres, Including solid tyres, Pneumatic tyres, Wheel rims |
| Revenue | ₹171 crore (2024) |
| Operating income | ₹30 crore (2024) |
| Net income | ₹12 crore (2024) |
| Total assets | ₹174 crore (2024) |
| Total equity | ₹14 crore (2024) |
| Total employees | 224 (2024) |
| Website | www.emeraldtyres.com |
Emerald Tyre Manufacturers Share Price Target 2025 to 2040 Forecast
| Year | Year High Target (₹) | Year Low Target (₹) | Year-End Target (₹) |
| 2024 | ₹220 | ₹160 | ₹210 |
| 2025 | ₹350 | ₹200 | ₹310 |
| 2026 | ₹490 | ₹280 | ₹430 |
| 2027 | ₹610 | ₹350 | ₹570 |
| 2028 | ₹750 | ₹460 | ₹690 |
| 2029 | ₹900 | ₹600 | ₹820 |
| 2030 | ₹1100 | ₹750 | ₹980 |
| 2035 | ₹2550 | ₹890 | ₹2100 |
| 2040 | ₹4250 | ₹2000 | ₹3750 |
Technical Analysis for Emerald Tyre Manufacturers
Emerald Tyre Share Price Target For 2025
| Year | 1st Target | 2nd Target |
| 2025 | ₹300 | ₹350 |
Emerald Tyre Manufacturers, a reputed name in the tyre industry, is well-positioned for significant growth in 2025. With a focus on innovation and sustainable tyre manufacturing, the company is expected to capitalize on the growing demand for high-quality tyres across both domestic and international markets. For 2025, the first target share price is projected at ₹300, with a second target of ₹350, reflecting the company’s strong market performance and operational efficiency.
Emerald Tyre Share Price For Target 2026
| Year | 1st Target | 2nd Target |
| 2026 | ₹410 | ₹490 |
In 2026, Emerald Tyre Manufacturers is anticipated to benefit from increased demand for tyres in both the automotive and industrial sectors. The company’s focus on expanding its product portfolio and leveraging advanced manufacturing technologies is likely to drive growth. The first target share price for 2026 is estimated at ₹410, with a second target of ₹490, showcasing steady upward momentum.
Read More:- Vishal Mega Mart Share Price Target 2025, 2030, 2035, 2040
Emerald Tyre Share Price Target For 2027
| Year | 1st Target | 2nd Target |
| 2027 | ₹550 | ₹610 |
By 2027, Emerald Tyre Manufacturers is expected to strengthen its market position through its commitment to innovation, efficiency, and expanding its global footprint. The first target share price for 2027 is projected at ₹550, with a second target of ₹610, reflecting the company’s ability to deliver consistent growth and value to its shareholders.
Emerald Tyre Share Price Target For 2028
| Year | 1st Target | 2nd Target |
| 2028 | ₹690 | ₹750 |
For the year 2028, Emerald Tyre Manufacturers is likely to achieve significant growth by tapping into emerging markets and maintaining its leadership in sustainable tyre production. The first target share price for 2028 is forecasted at ₹690, with a second target of ₹750, indicating the company’s strong growth trajectory.
Emerald Tyre Manufacturers Share Price Target For 2029
| Year | 1st Target | 2nd Target |
| 2029 | ₹820 | ₹900 |
In year 2029, Emerald Tyre Manufacturers is anticipated to benefit from increasing investments in research and development and expanding its production capacity. The first target share price for 2029 is projected at ₹820, with a second target of ₹900, highlighting its strong market performance and long-term potential.
Emerald Tyre Manufacturers Share Price Target For 2030
| Year | 1st Target | 2nd Target |
| 2030 | ₹980 | ₹1100 |
The year 2030 is expected to mark a significant milestone for Emerald Tyre Manufacturers, with continued focus on innovation and expanding its customer base. The first target share price is estimated at ₹980, with a second target of ₹1100, showcasing the company’s sustained growth and market resilience.
Emerald Tyre Share Price Target For 2035
| Year | 1st Target | 2nd Target |
| 2035 | ₹2000 | ₹2550 |
For 2035 the Emerald Tyre Manufacturers is expected to emerge as a dominant player in the global tyre manufacturing industry, driven by its strategic initiatives and commitment to sustainability. The first target share price is projected at ₹2000, with a second target of ₹2550, reflecting its long-term value creation for investors.
Read More:- Mobikwik Share Price Target 2025, 2030, 2035, 2040
Emerald Tyre Share Price Target For 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹3750 | ₹4250 |
Let’s looking toward for 2040, Emerald Tyre Manufacturers is anticipated to achieve exponential growth through its focus on technological advancements, market expansion, and customer-centric innovations. The first target share price is forecasted at ₹3750, with a second target of ₹4250, underscoring the company’s potential to become a global leader in the tyre manufacturing industry.
Emerald Tyre Manufacturers Peer comparison
| Sector: Tyres | Industry: Tyres | ||||
| Name | P/E | Mar Cap ₹Cr. | Div Yld% | NP Qtr ₹Cr. | ROCE% |
| MRF | 28.76 | 56036.62 | 0.15 | 470.70 | 16.12 |
| Balkrishna Inds | 33.63 | 54755.93 | 0.57 | 346.94 | 17.62 |
| Apollo Tyres | 22.67 | 34349.41 | 1.10 | 297.46 | 16.45 |
| CEAT | 21.71 | 12896.02 | 0.92 | 121.45 | 20.42 |
| JK Tyre & Indust | 14.81 | 11326.70 | 1.09 | 139.75 | 19.31 |
| TVS Srichakra | 41.38 | 2862.87 | 1.26 | 10.25 | 11.14 |
| Goodyear India | 40.60 | 2373.69 | 1.43 | 15.74 | 21.98 |
| Emerald Tyre | 17.66 | 190.26 | 0.00 | 18.49 | |
Emerald Tyre Manufacturers Fundamentals
| Metric | Value |
| Market Cap | ₹369 Cr |
| P/E Ratio (TTM) | 31.58 |
| P/B Ratio | 3.64 |
| Industry P/E | 26.35 |
| Debt to Equity | 1.62 |
| Return on Equity (ROE) | 22.50% |
| EPS (TTM) | 6.0 |
| Dividend Yield | 0.39% |
| 52 Week High | ₹199 |
| 52 Week Low | ₹180 |
| Book Value | 52.12 |
| Face Value | 10 |
Emerald Tyre Manufacturers Financial Results
| All In ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Sales | 87 | 134 | 164 | 171 |
| Expenses | 80 | 118 | 142 | 141 |
| Operating Profit | 7 | 16 | 21 | 30 |
| OPM % | 8% | 12% | 13% | 17% |
| Other Income | 1 | 1 | 2 | 1 |
| Interest | 7 | 7 | 9 | 9 |
| Depreciation | 4 | 3 | 4 | 6 |
| Profit before tax | -3 | 7 | 10 | 16 |
| Tax % | 29% | 30% | 30% | 26% |
| Net Profit | -4 | 5 | 7 | 12 |
| EPS in Rs | -5.60 | 7.07 | 11.19 | 8.07 |
| Dividend Payout % | 0% | 0% | 0% | 12% |
Emerald Tyre Manufacturers Balance Sheet
| All In ₹Cr | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
| Equity Capital | 6 | 7 | 7 | 14 |
| Reserves | 15 | 19 | 28 | 40 |
| Borrowings | 69 | 75 | 85 | 87 |
| Other Liabilitie | 22 | 34 | 29 | 33 |
| Total Liabilities | 112 | 135 | 148 | 174 |
| Fixed Assets | 29 | 31 | 45 | 54 |
| CWIP | 4 | 10 | 7 | 6 |
| Investments | 0 | 0 | 0 | 1 |
| Other Assets | 79 | 93 | 96 | 112 |
| Total Assets | 112 | 135 | 148 | 174 |
FAQs
Q.1. What is the share price target for Emerald Tyre in 2025?
Ans: The share price is expected to reach ₹300 for the first target and ₹350 for the second target, supported by rising demand for high-quality tyres and increasing market penetration.
Q.2. What are the projected share price targets for Emerald Tyre in 2026?
Ans: In 2026, the stock may grow to ₹410 for the first target and ₹490 for the second target, reflecting advancements in manufacturing efficiency and expanded product offerings.
Q.3. What is the anticipated share price target for Emerald Tyre in 2027?
Ans: By 2027, the share price could rise to ₹550 for the first target and ₹610 for the second target, driven by export growth and a stronger domestic footprint.
Q.4. What are the share price targets for Emerald Tyre in 2028?
Ans: Emerald Tyre stock is likely to achieve ₹690 for the first target and ₹750 for the second target, supported by continued innovation and rising automotive sales.
Q.5. What is the forecast for Emerald Tyre share price in 2029?
Ans: In 2029, the stock price is projected to grow to ₹820 for the first target and ₹900 for the second target, as the company capitalizes on global market opportunities.
Q.6. What are the share price targets for Emerald Tyre in 2030?
Ans: By 2030, the share price may hit ₹980 for the first target and ₹1,100 for the second target, reflecting consistent revenue growth and profitability.
Q.7. What are the long-term share price targets for Emerald Tyre in 2035?
Ans: The stock price could surge to ₹2,000 for the first target and ₹2,550 for the second target by 2035, as Emerald Tyre establishes itself as a leading player in the industry.
Q.8. What is the share price target for Emerald Tyre in 2040?
Ans: By 2040, the share price is anticipated to reach ₹3,750 for the first target and ₹4,250 for the second target, showcasing long-term growth potential and market leadership.
Q.9. What is the contact number for Emerald Tyre Manufacturers?
Ans: You can reach Emerald Tyre Manufacturers at: India: (+91) 44 6646 0555, UAE: (+971) 7 243 3195, Belgium: (+32) 5 031 09 00, USA: (+1) 408 505 9554
Q.10. What are the NSE and BSE codes for Emerald Tyre?
Ans: The NSE code for Emerald Tyre Manufacturers Ltd. is ETML, and the BSE code is 81767.
TradeWatch360 is a premier platform dedicated to providing real-time insights, trends, and updates in the stock market. It is designed to support both new and seasoned investors by delivering timely and actionable information across a range of asset classes, including stocks, futures, commodities, and global markets.