Innovative Tyres & Tubes Ltd

Innovative Tyres & Tubes Ltd

₹ 7.70 2.67%
27 Feb 3:32 p.m.
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 13.8 Cr.
  • Current Price 7.70
  • High / Low 10.2 / 2.00
  • Stock P/E
  • Book Value 0.04
  • Dividend Yield 0.00 %
  • ROCE -306 %
  • ROE %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 202 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -59.0% over past five years.
  • Promoter holding is low: 14.0%
  • Company might be capitalizing the interest cost
  • Promoters have pledged 80.8% of their holding.
  • Promoter holding has decreased over last 3 years: -10.8%

* 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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Half Yearly Results

Figures in Rs. Crores

Sep 2019 Mar 2020 Sep 2020 Mar 2021 Sep 2021 Mar 2022 Sep 2022 Mar 2023 Sep 2023
83 66 63 76 41 10 1 0 -0
82 66 66 71 52 50 3 52 1
Operating Profit 1 -1 -2 4 -10 -40 -2 -52 -1
OPM % 1% -1% -4% 6% -25% -394% -128% -15,670%
1 0 0 1 0 2 0 0 38
Interest 1 1 2 2 2 1 0 -0 -0
Depreciation 4 4 4 4 4 3 4 4 2
Profit before tax -3 -6 -8 -1 -16 -43 -6 -56 35
Tax % -10% -4% 3% -26% 2% -0% 3% 15% -0%
-4 -6 -8 -1 -16 -43 -6 -47 35
EPS in Rs -2.11 -3.36 -4.41 -0.51 -8.82 -23.94 -3.10 -26.33 19.34
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
87 102 126 129 124 131 140 172 149 139 51 2 0
81 93 117 119 114 118 126 164 149 137 102 55 53
Operating Profit 6 9 9 10 10 13 14 7 0 2 -50 -53 -53
OPM % 7% 9% 7% 8% 8% 10% 10% 4% 0% 2% -98% -3,295% -16,079%
0 1 1 1 2 2 1 2 2 1 2 0 39
Interest 3 6 4 5 5 4 3 2 3 4 3 0 0
Depreciation 2 2 2 3 4 4 5 6 8 8 8 8 6
Profit before tax 2 2 3 5 3 6 6 1 -9 -9 -59 -61 -21
Tax % 71% 65% 34% 12% 41% 21% 30% -9% -6% 0% 0% 14%
0 1 2 4 2 5 4 1 -10 -9 -59 -53 -13
EPS in Rs 0.60 0.99 2.42 4.41 1.97 5.10 2.45 0.55 -5.46 -4.91 -32.76 -29.42 -6.99
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: -34%
5 Years: -59%
3 Years: -78%
TTM: -97%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -5%
Stock Price CAGR
10 Years: %
5 Years: -19%
3 Years: -4%
1 Year: 226%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 8 8 9 9 10 10 18 18 18 18 18 18 18
Reserves 16 17 19 27 27 36 67 68 58 50 -9 -62 -18
Preference Capital -0 -0 -0 -0 4 7 -0 -0 -0 -0 -0 -0
38 25 24 22 19 20 13 22 22 37 38 38 33
27 53 57 77 69 73 59 69 74 57 51 42 1
Total Liabilities 88 102 109 136 126 139 156 178 172 161 98 36 34
60 61 61 60 60 65 88 108 104 97 90 32 30
CWIP -0 5 8 14 13 15 10 1 0 1 0 0 0
Investments -0 -0 -0 -0 -0 -0 -0 0 0 0 0 0 0
28 36 40 63 53 59 58 69 68 63 8 4 4
Total Assets 88 102 109 136 126 139 156 178 172 161 98 36 34

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
13 13 8 9 3 9 4 3 3 -3 1
-8 -5 -6 -4 -4 -23 -17 0 -1 2 0
-7 -8 -2 -5 1 17 8 -3 -1 -2 0
Net Cash Flow -2 0 0 -0 0 4 -4 -0 1 -4 1

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 22 17 23 57 46 40 29 27 44 37 14 23
Inventory Days 93 127 90 124 102 148 122 120 136 143 12 -0
Days Payable 126 106 93 164 138 130 94 73 92 121 137
Cash Conversion Cycle -12 38 20 17 11 58 57 73 88 58 -112 23
Working Capital Days 1 17 25 20 29 52 43 50 53 26 -266 -9,380
ROCE % 9% 14% 15% 17% 14% 16% 11% 2% -7% -6% -75% -306%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2023Sep 2023
14.00% 14.00%
86.01% 86.00%
No. of Shareholders 1,7671,795

Documents