Viaz Tyres Ltd
₹ 65.6
-0.61%
22 Nov
- close price
- Market Cap ₹ 80.4 Cr.
- Current Price ₹ 65.6
- High / Low ₹ 72.9 / 41.5
- Stock P/E 31.6
- 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: | 64% |
| 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 | -0.18 | -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 | 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 | 238.92 | 238.30 |
| Working Capital Days | 257.54 | 211.06 | 232.25 | 281.46 | 224.35 |
| ROCE % | 8.54% | 12.06% | 11.74% | 9.46% |
Documents
Announcements
-
Outcome of Board Meeting
13 November 2024 - Viaz Tyres Limited has informed regarding Board meeting held on November 13, 2024.
-
Outcome of Board Meeting
13 November 2024 - Viaz Tyres Limited has informed regarding Outcome of Board Meeting held on November 13, 2024.
-
Financial Result Updates
13 November 2024 - Viaz Tyres Limited has submitted to the Exchange, the financial results for the period ended September 30, 2024.
-
Board Meeting Intimation
5 November 2024 - VIAZ TYRES LIMITED has informed about Board Meeting to be held on 13-Nov-2024 to consider and approve the Half Yearly Unaudited Financial results of the …
-
Board Meeting Intimation
5 November 2024 - VIAZ TYRES LIMITED has informed about Board Meeting to be held on 13-Nov-2024 to consider and approve the Half Yearly Unaudited Financial results of the …
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.