Innovative Tyres & Tubes Ltd
₹ 5.65
-5.83%
25 Jun 2024
About
Incorporated in 1995, Innovative Tyres
and Tubes Ltd manufactures and sells
Tyres & Tubes[1]
Key Points
- Market Cap ₹ 10.2 Cr.
- Current Price ₹ 5.65
- High / Low ₹ 10.2 / 4.50
- Stock P/E
- Book Value ₹ -0.13
- Dividend Yield 0.00 %
- ROCE %
- ROE %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -39.3% over past five years.
- Promoter holding is low: 14.0%
- 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.
Loading peers table ...
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
102 | 126 | 129 | 124 | 131 | 140 | 172 | 149 | 139 | 51 | 2 | 14 | |
93 | 117 | 119 | 114 | 118 | 126 | 164 | 149 | 137 | 102 | 55 | 22 | |
Operating Profit | 9 | 9 | 10 | 10 | 13 | 14 | 7 | 0 | 2 | -50 | -53 | -8 |
OPM % | 9% | 7% | 8% | 8% | 10% | 10% | 4% | 0% | 2% | -98% | -3,295% | -53% |
1 | 1 | 1 | 2 | 2 | 1 | 2 | 2 | 1 | 2 | 0 | 46 | |
Interest | 6 | 4 | 5 | 5 | 4 | 3 | 2 | 3 | 4 | 3 | 0 | 0 |
Depreciation | 2 | 2 | 3 | 4 | 4 | 5 | 6 | 8 | 8 | 8 | 8 | 4 |
Profit before tax | 2 | 3 | 5 | 3 | 6 | 6 | 1 | -9 | -9 | -59 | -61 | 34 |
Tax % | 65% | 34% | 12% | 41% | 21% | 30% | -9% | 6% | -0% | -0% | -14% | -0% |
1 | 2 | 4 | 2 | 5 | 4 | 1 | -10 | -9 | -59 | -53 | 34 | |
EPS in Rs | 0.99 | 2.42 | 4.41 | 1.97 | 5.10 | 2.45 | 0.55 | -5.46 | -4.91 | -32.76 | -29.42 | 19.18 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -20% |
5 Years: | -39% |
3 Years: | -53% |
TTM: | 775% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 17% |
TTM: | 93% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -18% |
3 Years: | -24% |
1 Year: | 27% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 8 | 9 | 9 | 10 | 10 | 18 | 18 | 18 | 18 | 18 | 18 | 18 |
Reserves | 17 | 19 | 27 | 27 | 36 | 67 | 68 | 58 | 50 | -9 | -62 | -18 |
25 | 24 | 22 | 23 | 28 | 13 | 22 | 22 | 37 | 38 | 38 | 35 | |
53 | 57 | 77 | 66 | 66 | 59 | 69 | 74 | 57 | 51 | 42 | 8 | |
Total Liabilities | 102 | 109 | 136 | 126 | 139 | 156 | 178 | 172 | 161 | 98 | 36 | 42 |
61 | 61 | 60 | 60 | 65 | 88 | 108 | 104 | 97 | 90 | 32 | 36 | |
CWIP | 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 |
36 | 40 | 63 | 53 | 59 | 58 | 69 | 68 | 63 | 8 | 4 | 6 | |
Total Assets | 102 | 109 | 136 | 126 | 139 | 156 | 178 | 172 | 161 | 98 | 36 | 42 |
Cash Flows
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
13 | 13 | 8 | 9 | 3 | 9 | 4 | 3 | 3 | -3 | 1 | -7 | |
-8 | -5 | -6 | -4 | -4 | -23 | -17 | 0 | -1 | 2 | 0 | -0 | |
-7 | -8 | -2 | -5 | 1 | 17 | 8 | -3 | -1 | -2 | 0 | 6 | |
Net Cash Flow | -2 | 0 | 0 | -0 | 0 | 4 | -4 | -0 | 1 | -4 | 1 | -1 |
Ratios
Figures in Rs. Crores
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 17 | 23 | 57 | 46 | 40 | 29 | 27 | 44 | 37 | 14 | 23 | |
Inventory Days | 127 | 90 | 124 | 102 | 148 | 122 | 120 | 136 | 143 | 12 | 0 | |
Days Payable | 106 | 93 | 164 | 138 | 130 | 94 | 73 | 92 | 121 | 137 | ||
Cash Conversion Cycle | 38 | 20 | 17 | 11 | 58 | 57 | 73 | 88 | 58 | -112 | 23 | |
Working Capital Days | 17 | 25 | 20 | 29 | 52 | 43 | 50 | 53 | 26 | -266 | -9,380 | |
ROCE % | 14% | 15% | 17% | 14% | 16% | 11% | 2% | -7% | -6% | -75% | -306% |
Documents
Announcements
-
Record Date
31 August 2024 - Record date for the purpose of Meeting is 13-Sep-2024.
-
Copy of Newspaper Publication
31 August 2024 - Tyres and Tubes Limited has informed about Copy of Newspaper Publication
-
Book Closure
31 August 2024 - Register of Members & Share Transfer Books of the Company will remain closed from 11-Sep-2024 to 23-Sep-2024 for the purpose of Meeting.
-
Shareholders meeting
31 August 2024 - Tyres and Tubes Limited has informed regarding Notice of Annual General Meeting to be held on September 23, 2024
-
Updates
30 August 2024 - Tyres and Tubes Limited has informed regarding 'in-principal approval for listing'.
Business Overview:[1]
ITTL manufactures and exports Bias Tyres, offering a wide range of products in the Truck / Bus, Agricultural & OTR and Motorcycle / 3-wheeler segments, and performs job work for others. It exports tyres to 40+ countries