Innovative Tyres & Tubes Ltd

₹ 2.40 4.35%
01 Jul - close price
About

Innovative Tyres & Tubes Limited is an India-based tyre and tube manufacturing company. The Company is engaged in manufacturing and marketing tyres.

Key Points

Incorporated in 1995, Innovative Tyres and Tubes is a tyre and tube manufacturing company. It has a flagship brand called Innovative.

  • Market Cap 4.32 Cr.
  • Current Price 2.40
  • High / Low 20.4 / 2.15
  • Stock P/E
  • Book Value 37.6
  • Dividend Yield 0.00 %
  • ROCE -61.0 %
  • ROE -87.1 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.06 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -5.33%
  • The company has delivered a poor sales growth of -16.99% over past five years.
  • Promoter holding is low: 19.49%
  • Company has a low return on equity of -35.50% for last 3 years.
  • Contingent liabilities of Rs.3.76 Cr.
  • Promoters have pledged 58.03% of their holding.
  • Debtor days have increased from 59.73 to 98.81 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

Loading peers table ...

Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022
83 66 63 76 41 10
82 66 66 71 52 50
Operating Profit 1 -1 -2 4 -10 -40
OPM % 1% -1% -4% 6% -25% -394%
1 0 0 1 0 2
Interest 1 1 2 2 2 1
Depreciation 4 4 4 4 4 3
Profit before tax -3 -6 -8 -1 -16 -43
Tax % -10% -4% 3% -26% 2% -0%
Net Profit -4 -6 -8 -1 -16 -43
EPS in Rs -2.11 -3.36 -4.41 -0.51 -8.82 -23.94

Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
70 87 102 126 129 124 131 140 172 149 139 52
66 81 93 117 119 114 118 126 164 149 137 102
Operating Profit 4 6 9 9 10 10 13 14 7 0 2 -50
OPM % 6% 7% 9% 7% 8% 8% 10% 10% 4% 0% 2% -98%
0 0 1 1 1 2 2 1 2 2 1 2
Interest 2 3 6 4 5 5 4 3 2 3 4 3
Depreciation 2 2 2 2 3 4 4 5 6 8 8 8
Profit before tax 1 2 2 3 5 3 6 6 1 -9 -9 -59
Tax % 23% 71% 65% 34% 12% 41% 21% 30% -9% -6% 0% 0%
Net Profit 1 0 1 2 4 2 5 4 1 -10 -9 -59
EPS in Rs 0.89 0.60 0.99 2.42 4.41 1.97 5.10 2.45 0.55 -5.46 -4.91 -32.76
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -17%
3 Years: -33%
TTM: -63%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -532%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -47%
1 Year: -83%
Return on Equity
10 Years: -11%
5 Years: -19%
3 Years: -36%
Last Year: -87%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8 8 8 9 9 13 17 18 18 18 18
Reserves 15 16 17 19 23 25 36 67 68 58 50
22 38 25 24 22 19 20 13 22 22 24
16 27 53 57 81 72 73 59 69 74 70
Total Liabilities 62 88 102 109 136 126 139 156 178 172 161
23 60 61 61 60 60 65 88 108 104 97
CWIP 20 0 5 8 14 13 15 10 1 0 1
Investments 0 0 0 0 0 0 0 0 0 0 0
18 28 36 40 63 53 59 58 69 68 63
Total Assets 62 88 102 109 136 126 139 156 178 172 161

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
13 13 8 9 3 9 4 3 3 -3
-8 -5 -6 -4 -4 -23 -17 0 -1 2
-7 -8 -2 -5 1 17 8 -3 -1 -2
Net Cash Flow -2 0 0 -0 0 4 -4 -0 1 -4

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 24 22 17 23 57 46 40 29 27 44 37
Inventory Days 93 93 127 90 124 102 148 122 120 136 143
Days Payable 97 126 106 93 164 138 71 44 38 47 33
Cash Conversion Cycle 21 -12 38 20 17 11 116 107 109 132 147
Working Capital Days 19 1 17 25 20 29 52 43 50 53 47
ROCE % 9% 14% 15% 17% 15% 16% 11% 2% -7% -6%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents