Birla Tyres Ltd

₹ 7.70 -4.94%
27 Jun - close price
About

Incorporated in 2018, Birla Tyres Limited is engaged in the manufacturing and trading of tyres. [1]

Key Points

Products
The Company has a wide range of tyres from motorcycles to farm tractors. It produces truck & bus tyres, passenger car tyres 2 and 3 wheeler tyres, farm and mining tyres etc., and bias and radial tyres. The Company markets its automobile tyres under the brand name “Birla Tyres”. [1][2]

  • Market Cap 110 Cr.
  • Current Price 7.70
  • High / Low 30.4 / 6.45
  • Stock P/E
  • Book Value -85.7
  • Dividend Yield 0.00 %
  • ROCE -26.4 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -2.23%
  • Contingent liabilities of Rs.310.78 Cr.
  • Promoters have pledged 31.91% of their holding.
  • Company has high debtors of 6960.59 days.

* 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 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
0 140 81 41 29 40 47 21 3 0 1 1
0 181 114 116 67 62 68 49 14 5 10 7
Operating Profit -0 -41 -33 -75 -38 -22 -21 -27 -12 -4 -9 -6
OPM % -29% -40% -185% -131% -56% -44% -127% -400% -898% -909% -613%
0 2 38 25 0 0 0 15 1 10 -44 -386
Interest 0 35 35 47 42 43 47 30 42 43 45 46
Depreciation 0 10 9 9 9 8 8 8 8 8 8 7
Profit before tax -0 -84 -39 -106 -89 -73 -76 -50 -60 -45 -106 -445
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Net Profit -0 -84 -39 -106 -89 -73 -76 -50 -60 -45 -106 -445
EPS in Rs -2.74 -7.45 -6.21 -5.11 -5.34 -3.51 -4.22 -3.14 -7.42 -31.20

Profit & Loss

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
0 472 137 5
0 634 245 37
Operating Profit -0 -163 -108 -31
OPM % -34% -79% -580%
0 66 16 -418
Interest 0 152 162 176
Depreciation 0 38 33 30
Profit before tax -0 -287 -288 -656
Tax % 0% 0% 0% 0%
Net Profit -0 -287 -288 -656
EPS in Rs -20.10 -20.17 -45.98
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -96%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 24%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -74%
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
0 143 143 143
Reserves -0 -426 -709 -1,364
0 907 984 1,138
0 1,005 1,080 1,091
Total Liabilities 0 1,628 1,497 1,008
0 517 477 447
CWIP 0 775 775 340
Investments 0 0 0 0
0 336 245 221
Total Assets 0 1,628 1,497 1,008

Cash Flows

Figures in Rs. Crores

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

Ratios

Figures in Rs. Crores

Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 89 282 6,961
Inventory Days 88 167 942
Days Payable 309 1,089 8,769
Cash Conversion Cycle -132 -639 -867
Working Capital Days -491 -2,350 -62,103
ROCE % -43% -24% -26%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
53.13 53.13 53.13 53.13 53.13 53.13 50.91 50.91 48.68
0.08 0.00 0.00 0.00 0.00 0.00 0.01 0.03 0.01
3.67 3.60 3.51 3.50 2.15 0.85 1.98 1.98 4.21
0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24 0.24
42.88 43.02 43.12 43.13 44.48 45.78 46.87 46.85 46.86

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