Innovative Tyres & Tubes Ltd

Company website NSE - SM : INNOVATIVE
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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.

Website NSE
  • 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
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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.

Peer comparison

Sector: Tyres Industry: Tyres

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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

Corporate actions
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

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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