Birla Tyres Ltd

Birla Tyres Ltd

₹ 5.30 -4.50%
23 Oct 2023
About

IIncorporated in 2018, Birla Tyres Ltd is in
the business of manufacturing and dealing
in automotive tyres[1]

Key Points

Business Overview:[1]
BTL is a part of the BK Birla group. It has a wide range of tyres from motorcycles to farm tractors and manufactures truck & bus tyres, passenger car tyres 2 and 3-wheeler tyres, farm and mining tyres etc.

  • Market Cap 75.6 Cr.
  • Current Price 5.30
  • High / Low 6.01 / 4.22
  • Stock P/E
  • Book Value -88.2
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 33.1%
  • Contingent liabilities of Rs.311 Cr.
  • Company has high debtors of 6,191 days.
  • Promoter holding has decreased over last 3 years: -20.1%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Tyres Industry: Tyres

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Quarterly Results

Figures in Rs. Crores

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
40.75 28.80 39.78 47.35 21.43 2.89 0.48 1.01 1.04 0.20 0.00 0.00 5.90
115.96 66.55 61.97 67.97 48.60 14.43 4.79 10.19 7.42 6.37 3.00 -0.35 -0.99
Operating Profit -75.21 -37.75 -22.19 -20.62 -27.17 -11.54 -4.31 -9.18 -6.38 -6.17 -3.00 0.35 6.89
OPM % -184.56% -131.08% -55.78% -43.55% -126.78% -399.31% -897.92% -908.91% -613.46% -3,085.00% 116.78%
25.00 0.26 0.35 0.04 15.09 1.03 9.86 -43.61 -385.77 0.21 0.06 0.00 0.69
Interest 46.83 42.14 42.87 47.34 30.01 41.89 42.75 45.44 46.07 17.58 0.00 0.00 0.01
Depreciation 9.23 8.94 8.21 8.16 7.98 7.71 7.64 7.53 6.73 6.36 4.14 5.25 2.77
Profit before tax -106.27 -88.57 -72.92 -76.08 -50.07 -60.11 -44.84 -105.76 -444.95 -29.90 -7.08 -4.90 4.80
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-106.27 -88.57 -72.92 -76.08 -50.06 -60.12 -44.84 -105.76 -444.95 -29.90 -7.08 -4.89 4.80
EPS in Rs -7.45 -6.21 -5.11 -5.34 -3.51 -4.22 -3.14 -7.42 -31.20 -2.10 -0.50 -0.34 0.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 472 137 5 6
0 634 245 37 8
Operating Profit -0 -163 -108 -31 -2
OPM % -34% -79% -580% -31%
0 66 16 -418 1
Interest 0 152 162 176 18
Depreciation 0 38 33 30 19
Profit before tax -0 -287 -288 -656 -37
Tax % 0% 0% 0% 0% 0%
-0 -287 -288 -656 -37
EPS in Rs -20.10 -20.17 -45.98 -2.60
Dividend Payout % 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -77%
TTM: 13%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 23%
TTM: 83%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -43%
1 Year: 19%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 0 143 143 143 143
Reserves -0 -426 -709 -1,364 -1,401
0 907 984 1,138 1,154
0 1,005 1,080 1,091 1,090
Total Liabilities 0 1,628 1,497 1,008 986
0 517 477 447 429
CWIP 0 775 775 340 340
Investments 0 0 0 0 0
0 336 245 221 217
Total Assets 0 1,628 1,497 1,008 986

Cash Flows

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 215 -27 -15 -2
0 13 16 1 7
0 -135 30 19 10
Net Cash Flow 0 93 19 5 15

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 89 282 6,961 6,191
Inventory Days 88 167 942 22,581
Days Payable 314 1,089 8,769 215,634
Cash Conversion Cycle -136 -639 -867 -186,861
Working Capital Days -491 -2,350 -62,103 -55,164
ROCE % -43% -24% -26%

Shareholding Pattern

Numbers in percentages

Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Dec 2022Mar 2023
53.13% 53.13% 53.13% 53.13% 53.13% 53.13% 50.91% 50.91% 48.68% 38.47% 33.06% 33.06%
0.08% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.03% 0.01% 0.06% 0.00% 0.00%
3.67% 3.60% 3.51% 3.50% 2.15% 0.85% 1.98% 1.98% 4.21% 3.53% 0.02% 0.02%
0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.24% 0.00% 0.00% 0.00%
42.88% 43.02% 43.12% 43.13% 44.48% 45.78% 46.87% 46.85% 46.86% 57.95% 66.90% 66.89%
No. of Shareholders 89,2211,01,2181,13,1111,22,3341,31,9371,34,8081,35,9461,37,1201,39,2991,51,4131,53,2081,52,387

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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