Innovative Tyres & Tubes Ltd
About
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Innovative Tyres & Tubes Limited is an India-based tyre and tube manufacturing company. The Company is engaged in manufacturing and marketing tyres.
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- Market Cap ₹ 15.8 Cr.
- Current Price ₹ 8.80
- High / Low ₹ 10.4 / 5.40
- Stock P/E
- Book Value ₹ 42.5
- Dividend Yield 0.00 %
- ROCE -6.63 %
- ROE -12.6 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.21 times its book value
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 2.90% over past five years.
- Promoter holding is low: 24.82%
- Company has a low return on equity of -1.98% for last 3 years.
- Promoters have pledged 45.56% of their holding.
- Earnings include an other income of Rs.1.70 Cr.
- Debtor days have increased from 33.34 to 43.77 days.
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Quarterly Results
Figures in Rs. Crores
Operating Profit |
OPM % |
Other Income |
Interest |
Depreciation |
Profit before tax |
Tax % |
Net Profit |
EPS in Rs |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
70 | 87 | 102 | 126 | 129 | 124 | 131 | 140 | 172 | 149 | |
66 | 81 | 93 | 117 | 119 | 114 | 118 | 126 | 164 | 149 | |
Operating Profit | 4 | 6 | 9 | 9 | 10 | 10 | 13 | 14 | 7 | 0 |
OPM % | 6% | 7% | 9% | 7% | 8% | 8% | 10% | 10% | 4% | 0% |
Other Income | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 |
Interest | 2 | 3 | 6 | 4 | 5 | 5 | 4 | 3 | 2 | 3 |
Depreciation | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 5 | 6 | 8 |
Profit before tax | 1 | 2 | 2 | 3 | 5 | 3 | 6 | 6 | 1 | -9 |
Tax % | 23% | 71% | 65% | 34% | 12% | 41% | 21% | 30% | -9% | -6% |
Net Profit | 1 | 0 | 1 | 2 | 4 | 2 | 5 | 4 | 1 | -10 |
EPS in Rs | 0.89 | 0.60 | 0.99 | 2.42 | 4.41 | 1.97 | 5.10 | 2.45 | 0.55 | -5.46 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 4% |
TTM: | -13% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -1007% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -42% |
1 Year: | 17% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | -2% |
Last Year: | -13% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
8 | 8 | 8 | 9 | 9 | 13 | 17 | 18 | 18 | 18 | |
Reserves | 15 | 16 | 17 | 19 | 23 | 25 | 36 | 67 | 68 | 58 |
Borrowings | 22 | 38 | 25 | 24 | 22 | 19 | 20 | 13 | 22 | 22 |
16 | 27 | 53 | 57 | 81 | 72 | 73 | 59 | 69 | 74 | |
Total Liabilities | 62 | 88 | 102 | 109 | 136 | 126 | 139 | 156 | 178 | 172 |
23 | 60 | 61 | 61 | 60 | 60 | 65 | 88 | 108 | 104 | |
CWIP | 20 | 0 | 5 | 8 | 14 | 13 | 15 | 10 | 1 | 0 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
18 | 28 | 36 | 40 | 63 | 53 | 59 | 58 | 69 | 68 | |
Total Assets | 62 | 88 | 102 | 109 | 136 | 126 | 139 | 156 | 178 | 172 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
13 | 13 | 8 | 9 | 3 | 9 | 4 | 3 | |||
-8 | -5 | -6 | -4 | -4 | -23 | -17 | 0 | |||
-7 | -8 | -2 | -5 | 1 | 17 | 8 | -3 | |||
Net Cash Flow | -2 | 0 | 0 | -0 | 0 | 4 | -4 | -0 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 9% | 14% | 15% | 17% | 15% | 16% | 11% | 2% | -7% | |
Debtor Days | 24 | 22 | 17 | 23 | 57 | 46 | 40 | 29 | 27 | 44 |
Inventory Turnover | 5.57 | 3.45 | 3.87 | 3.50 | 3.10 | 3.33 | 3.43 | 3.90 | 3.02 |
Documents
Add documentRecent announcements
- Reply to Clarification Sought March 4, 2021
- Resignation March 1, 2021
- Clarification Feb. 26, 2021
- Resignation Feb. 23, 2021
- Updates Jan. 14, 2021
View all