Viaz Tyres Ltd
₹ 57.0
1.79%
12 May
- close price
- Market Cap ₹ 69.8 Cr.
- Current Price ₹ 57.0
- High / Low ₹ 73.5 / 49.2
- Stock P/E 27.5
- Book Value ₹ 28.4
- Dividend Yield 0.00 %
- ROCE 9.46 %
- ROE 7.34 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.4% over last 3 years.
* 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.
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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|---|
| 19.87 | 29.14 | 29.20 | 45.92 | 50.37 | 56.64 | |
| 17.55 | 25.24 | 24.77 | 41.02 | 45.29 | 50.88 | |
| Operating Profit | 2.32 | 3.90 | 4.43 | 4.90 | 5.08 | 5.76 |
| OPM % | 11.68% | 13.38% | 15.17% | 10.67% | 10.09% | 10.17% |
| 0.08 | 0.03 | 0.11 | 0.36 | 0.33 | 0.36 | |
| Interest | 1.18 | 1.43 | 1.36 | 1.28 | 1.14 | 1.24 |
| Depreciation | 1.03 | 1.85 | 1.44 | 1.27 | 1.20 | 1.66 |
| Profit before tax | 0.19 | 0.65 | 1.74 | 2.71 | 3.07 | 3.22 |
| Tax % | 26.32% | 6.15% | 17.24% | 25.46% | 22.80% | |
| 0.15 | 0.61 | 1.44 | 2.02 | 2.37 | 2.54 | |
| EPS in Rs | 0.35 | 1.44 | 3.39 | 1.65 | 1.93 | 2.07 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 20% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 57% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 10% |
| Last Year: | 7% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4.25 | 4.25 | 4.25 | 12.25 | 12.25 | 12.25 |
| Reserves | 0.08 | 0.69 | 1.78 | 18.85 | 21.22 | 22.52 |
| 18.96 | 20.48 | 19.96 | 10.87 | 13.54 | 13.39 | |
| 1.01 | 1.72 | 2.67 | 3.98 | 3.87 | 5.15 | |
| Total Liabilities | 24.30 | 27.14 | 28.66 | 45.95 | 50.88 | 53.31 |
| 8.85 | 7.99 | 7.60 | 6.51 | 11.86 | 11.01 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.21 | 0.22 | 0.00 | 0.00 | 0.00 | 0.00 |
| 15.24 | 18.93 | 21.06 | 39.44 | 39.02 | 42.30 | |
| Total Assets | 24.30 | 27.14 | 28.66 | 45.95 | 50.88 | 53.31 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| -10.66 | 4.47 | 2.85 | -12.57 | 3.66 | |
| -7.76 | -0.99 | -1.30 | -0.13 | -2.08 | |
| 18.49 | -3.42 | -1.87 | 12.68 | 1.53 | |
| Net Cash Flow | 0.06 | 0.07 | -0.32 | -0.02 | 3.11 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|
| Debtor Days | 27.92 | 60.12 | 130.75 | 153.81 | 145.14 |
| Inventory Days | 259.84 | 143.04 | 145.03 | 112.38 | 110.21 |
| Days Payable | 19.00 | 25.33 | 28.77 | 27.35 | 17.05 |
| Cash Conversion Cycle | 268.77 | 177.83 | 247.01 | 238.84 | 238.30 |
| Working Capital Days | 257.54 | 211.06 | 232.25 | 237.98 | 224.35 |
| ROCE % | 8.54% | 12.06% | 11.74% | 9.46% |
Documents
Announcements
-
Notice Of Shareholders Meetings-XBRL
5 May 2025 - VIAZ TYRES LIMITED has informed about Notice of Shareholders Meeting for Extra-ordinary Meeting to be held on 28-May-2025
-
Shareholders meeting
5 May 2025 - EGM on May 28, 2025 to regularize appointment of three directors including two independents.
-
Outcome of Board Meeting
2 May 2025 - Board approved EGM notice, appointed scrutinizer, and finalized EGM event calendar on May 2, 2025.
-
Updates
30 April 2025 - Viaz Tyres confirms non-applicability of SEBI Large Corporate disclosure for FY 2025-26.
-
General Updates
30 April 2025 - Viaz Tyres presents business performance, expansion into tyres, global tie-ups, and growth strategy.
Annual reports
Concalls
-
Apr 2025TranscriptNotesPPT
Business Overview:[1]
a) VTL manufactures rubber tubes for bicycles, two and three-wheelers, passenger vehicles, and heavy-load industrial vehicles.
b) It also offers ancillary products such as Off-The-Road (OTR) tyre tubes, Animal Driven Vehicle (ADV) tubes, engine oil, and grease under white-label agreements.
c) Recently, VTL began selling bicycle tyres, produced on a job-work basis based on market demand.
d) The company markets its rubber tubes, bicycle tyres, and ancillary products under various brand names, both domestically and internationally.
e) VTL is also working on developing an alternate brand.