Viaz Tyres Ltd

Viaz Tyres Ltd

₹ 59.3 3.94%
16 Jul - close price
About

Incorporated in 2018, Viaz Tyres Limited is an Ahmedabad-based company engaged in manufacturing of rubber tubes for bicycles, two and three-wheelers, passenger vehicles, and heavy-load industrial vehicles.[1]

Key Points

Business Area[1] Company sells rubber tubes, bicycle tires, and ancillary products under the brand name "Viaz" across 18 states and 5 countries.

  • Market Cap 72.6 Cr.
  • Current Price 59.3
  • High / Low 72.9 / 37.2
  • Stock P/E 30.6
  • Book Value 27.3
  • Dividend Yield 0.00 %
  • ROCE 10.0 %
  • ROE 7.62 %
  • 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 10.6% 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.

Peer comparison

Sector: Tyres Industry: Tyres

Loading peers table ...

Half Yearly Results

Figures in Rs. Crores

Mar 2022 Sep 2022 Mar 2023 Sep 2023 Mar 2024
22.80 23.55 22.37 22.11 28.26
19.72 20.50 20.51 19.79 25.51
Operating Profit 3.08 3.05 1.86 2.32 2.75
OPM % 13.51% 12.95% 8.31% 10.49% 9.73%
0.12 0.24 0.12 0.13 0.20
Interest 0.65 0.53 0.75 0.55 0.58
Depreciation 1.44 0.63 0.64 0.54 0.67
Profit before tax 1.11 2.13 0.59 1.36 1.70
Tax % 27.03% 29.11% 11.86% 16.91% 27.06%
0.81 1.51 0.51 1.13 1.24
EPS in Rs 1.91 1.67 0.42 0.92 1.01
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
19.87 29.14 29.20 45.92 50.37
17.55 25.24 24.77 41.02 45.29
Operating Profit 2.32 3.90 4.43 4.90 5.08
OPM % 11.68% 13.38% 15.17% 10.67% 10.09%
0.08 0.03 0.11 0.36 0.33
Interest 1.18 1.43 1.36 1.28 1.14
Depreciation 1.03 1.85 1.44 1.27 1.20
Profit before tax 0.19 0.65 1.74 2.71 3.07
Tax % 26.32% 6.15% 17.24% 25.46% 22.80%
0.15 0.61 1.44 2.02 2.37
EPS in Rs 0.35 1.44 3.39 1.65 1.93
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 57%
TTM: 17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 27%
Return on Equity
10 Years: %
5 Years: %
3 Years: 11%
Last Year: 8%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 4.25 4.25 4.25 12.25 12.25
Reserves 0.08 0.69 1.78 18.85 21.22
18.96 20.48 19.96 10.87 13.53
1.01 1.72 2.67 3.98 3.88
Total Liabilities 24.30 27.14 28.66 45.95 50.88
8.85 7.99 7.60 6.51 11.86
CWIP 0.00 0.00 0.00 0.00 0.00
Investments 0.21 0.22 0.00 0.00 0.00
15.24 18.93 21.06 39.44 39.02
Total Assets 24.30 27.14 28.66 45.95 50.88

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 -0.18 -2.08
18.49 -3.42 -1.87 12.68 1.53
Net Cash Flow 0.06 0.07 -0.32 -0.07 3.11

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 27.92 60.12 130.75 153.89
Inventory Days 259.84 143.04 145.03 112.38
Days Payable 19.00 25.33 28.77 27.35
Cash Conversion Cycle 268.77 177.83 247.01 238.92
Working Capital Days 257.54 211.06 232.25 281.46
ROCE % 8.54% 12.06% 11.74%

Shareholding Pattern

Numbers in percentages

Mar 2023Sep 2023Mar 2024
73.08% 73.08% 73.08%
26.93% 26.92% 26.92%
No. of Shareholders 457445495

Documents