Viaz Tyres Ltd
₹ 61.2
-2.86%
01 Apr
2:56 p.m.
- Market Cap ₹ 75.0 Cr.
- Current Price ₹ 61.2
- High / Low ₹ 73.5 / 48.2
- Stock P/E 29.5
- 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: | 21% |
| 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
-
Trading Window-XBRL
28 March 2025 - Viaz Tyres Limited has informed about Closure of Trading Window
-
Trading Window
28 March 2025 - Viaz Tyres Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
-
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
6 March 2025 - VIAZ TYRES LIMITED has informed about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
-
Appointment
6 March 2025 - Viaz Tyres Limited has informed regarding Appointment of Mr Manishkumar Arvindji Vihol as Non- Executive Independent Director of the company w.e.f. March 06, 2025.
-
Resignation of Independent director
4 March 2025 - VIAZ TYRES LIMITED has informed about Resignation of Independent director.
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.