Birla Tyres Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 14, 2024, 10:04 am

Market Cap	75.6 Cr.
Current Price	5.30
High / Low	/
Stock P/E
Book Value	88.2
Dividend Yield	0.00 %
ROCE	%
ROE	%
Face Value	10.0
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Birla Tyres Ltd

Competitors of Birla Tyres Ltd

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Gujarat Metallic Coal & Coke Ltd	5.94 Cr.	30.0	32.8/19.9		77.6	0.00 %	0.37 %	2.00 %	100
Gensol Engineering Ltd	2,700 Cr.	713	1,377/711	33.2	155	0.00 %	14.3 %	20.1 %	10.0
Gagan Polycot India Ltd	0.86 Cr.	0.86	/		4.08	0.00 %	81.2 %	81.2 %	10.0
Fusion Micro Finance Ltd	1,726 Cr.	172	675/161		251	0.00 %	14.1 %	19.6 %	10.0
Five X Tradecom Ltd	0.99 Cr.	0.48	/		9.35	0.00 %	0.00 %	0.00 %	10.0
Industry Average	2,695.17	N/A		131.67	N/A	N/A	20.61	61.73	N/A

All Competitor Stocks of Birla Tyres Ltd

Quarterly Result

Month	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Sales	40.75	28.80	39.78	47.35	21.43	2.89	0.48	1.01	1.04	0.20	0.00	0.00	5.90
Expenses	115.96	66.55	61.97	67.97	48.60	14.43	4.79	10.19	7.42	6.37	3.00	-0.35	-0.99
Operating Profit	-75.21	-37.75	-22.19	-20.62	-27.17	-11.54	-4.31	-9.18	-6.38	-6.17	-3.00	0.35	6.89
OPM %	-184.56%	-131.08%	-55.78%	-43.55%	-126.78%	-399.31%	-897.92%	-908.91%	-613.46%	-3,085.00%			116.78%
Other Income	25.00	0.26	0.35	0.04	15.09	1.03	9.86	-43.61	-385.77	0.21	0.06	0.00	0.69
Interest	46.83	42.14	42.87	47.34	30.01	41.89	42.75	45.44	46.07	17.58	0.00	0.00	0.01
Depreciation	9.23	8.94	8.21	8.16	7.98	7.71	7.64	7.53	6.73	6.36	4.14	5.25	2.77
Profit before tax	-106.27	-88.57	-72.92	-76.08	-50.07	-60.11	-44.84	-105.76	-444.95	-29.90	-7.08	-4.90	4.80
Tax %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Profit	-106.27	-88.57	-72.92	-76.08	-50.06	-60.12	-44.84	-105.76	-444.95	-29.90	-7.08	-4.89	4.80
EPS in Rs	-7.45	-6.21	-5.11	-5.34	-3.51	-4.22	-3.14	-7.42	-31.20	-2.10	-0.50	-0.34	0.34

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Sales	0	472	137	5	6
Expenses	0	634	245	37	8
Operating Profit	-0	-163	-108	-31	-2
OPM %		-34%	-79%	-580%	-31%
Other Income	0	66	16	-418	1
Interest	0	152	162	176	18
Depreciation	0	38	33	30	19
Profit before tax	-0	-287	-288	-656	-37
Tax %	0%	0%	0%	0%	0%
Net Profit	-0	-287	-288	-656	-37
EPS in Rs		-20.10	-20.17	-45.98	-2.60
Dividend Payout %	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2020-2021	2021-2022	2022-2023
YoY Net Profit Growth (%)	-0.35%	-127.78%	94.36%
Change in YoY Net Profit Growth (%)	0.00%	-127.43%	222.14%

Birla Tyres Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 3 years from 2020-2021 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	-77%
TTM:	13%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	23%
TTM:	83%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	-41%
1 Year:	0%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:35 am

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	0.01	143	143	143	143
Reserves	-0	-426	-709	-1,364	-1,401
Borrowings	0	907	984	1,138	1,154
Other Liabilities	0	1,005	1,080	1,091	1,090
Total Liabilities	0	1,628	1,497	1,008	986
Fixed Assets	0	517	477	447	429
CWIP	0	775	775	340	340
Investments	0	0	0	0	0
Other Assets	0	336	245	221	217
Total Assets	0	1,628	1,497	1,008	986

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from Operating Activity +	0	215	-27	-15	-2
Cash from Investing Activity +	0	13	16	1	7
Cash from Financing Activity +	0	-135	30	19	10
Net Cash Flow	0	93	19	5	15

Free Cash Flow

Month	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Free Cash Flow	0.00	-1,070.00	-1,092.00	-32.00	-3.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	89	282	6,961	6,191
Inventory Days	88	167	942	22,581
Days Payable	314	1,089	8,769	215,634
Cash Conversion Cycle	-136	-639	-867	-186,861
Working Capital Days	-491	-2,350	-62,103	-55,164
ROCE %	-43%	-24%	-26%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Dec 2022	Mar 2023
Promoters	53.13%	53.13%	53.13%	53.13%	53.13%	53.13%	50.91%	50.91%	48.68%	38.47%	33.06%	33.06%
FIIs	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.03%	0.01%	0.06%	0.00%	0.00%
DIIs	3.67%	3.60%	3.51%	3.50%	2.15%	0.85%	1.98%	1.98%	4.21%	3.53%	0.02%	0.02%
Government	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.24%	0.00%	0.00%	0.00%
Public	42.88%	43.02%	43.12%	43.13%	44.48%	45.78%	46.87%	46.85%	46.86%	57.95%	66.90%	66.89%
No. of Shareholders	89,221	1,01,218	1,13,111	1,22,334	1,31,937	1,34,808	1,35,946	1,37,120	1,39,299	1,51,413	1,53,208	1,52,387

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 23	Mar 22	Mar 21	Mar 20	Mar 19
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	-2.60	-45.98	-20.17	-20.11	-11.08
Diluted EPS (Rs.)	-2.60	-45.98	-20.17	-20.11	-11.08
Cash EPS (Rs.)	-1.30	-43.91	-17.84	-17.43	-11.08
Book Value[Excl.RevalReserv]/Share (Rs.)	-88.25	-85.66	-39.75	-19.85	-1.08
Book Value[Incl.RevalReserv]/Share (Rs.)	-88.25	-85.66	-39.75	-19.85	-1.08
Revenue From Operations / Share (Rs.)	0.42	0.37	9.63	33.08	0.00
PBDIT / Share (Rs.)	-0.06	-1.01	-6.45	-6.79	-11.08
PBIT / Share (Rs.)	-1.37	-3.09	-8.79	-9.46	-11.08
PBT / Share (Rs.)	-2.60	-45.98	-20.17	-20.10	-11.08
Net Profit / Share (Rs.)	-2.60	-45.98	-20.17	-20.10	-11.08
PBDIT Margin (%)	-15.93	-265.82	-66.96	-20.53	0.00
PBIT Margin (%)	-319.46	-812.41	-91.19	-28.60	0.00
PBT Margin (%)	-607.97	-12105.28	-209.39	-60.77	0.00
Net Profit Margin (%)	-607.97	-12105.28	-209.39	-60.77	0.00
Return on Capital Employeed (%)	1.57	3.65	23.09	-26.48	1027.12
Return On Assets (%)	-3.76	-65.06	-19.20	-17.60	-124.18
Long Term Debt / Equity (X)	0.00	0.00	0.00	-2.19	0.00
Total Debt / Equity (X)	-0.91	-0.93	-1.73	-3.02	0.00
Asset Turnover Ratio (%)	0.01	0.00	0.08	0.57	0.00
Current Ratio (X)	0.06	0.06	0.08	0.23	0.89
Quick Ratio (X)	0.05	0.05	0.06	0.16	0.89
Inventory Turnover Ratio (X)	0.00	0.00	1.15	0.00	0.00
Interest Coverage Ratio (X)	-0.05	-0.08	-0.56	-0.63	0.00
Interest Coverage Ratio (Post Tax) (X)	-1.11	-0.24	-0.77	-0.88	0.00
Enterprise Value (Cr.)	0.00	1435.70	1304.45	877.74	0.00
EV / Net Operating Revenue (X)	0.00	265.07	9.50	1.86	0.00
EV / EBITDA (X)	0.00	-99.71	-14.18	-9.06	0.00
MarketCap / Net Operating Revenue (X)	0.00	55.15	2.36	0.08	0.00
Price / BV (X)	0.00	-0.24	-0.57	-0.14	0.00
Price / Net Operating Revenue (X)	0.00	55.28	2.36	0.08	0.00
EarningsYield	0.00	-2.19	-0.88	-6.81	0.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Birla Tyres Ltd as of December 27, 2024 is: 202.42

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 27, 2024, Birla Tyres Ltd is Undervalued by 3,719.25% compared to the current share price 5.30

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Intrinsic Value of Birla Tyres Ltd as of December 27, 2024 is: 419.80

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 27, 2024, Birla Tyres Ltd is Undervalued by 7,820.75% compared to the current share price 5.30

Default values used*: Default value of 15 for Stock P/E is used, Default value of 15% for ROE is used

Last 5 Year EPS CAGR: 107.39%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -122.00, which is a positive sign. The stock has a low average Cash Conversion Cycle of -365.60, which is a positive sign.	The stock has a low average ROCE of -18.60%, which may not be favorable. The company has higher borrowings (836.60) compared to reserves (-780.00), which may suggest financial risk. The company has not shown consistent growth in sales (124.00) and profit (-253.60).

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Birla Tyres Ltd:
1. Net Profit Margin: -607.97%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 1.57% (Industry Average ROCE: 20.61%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 0% (Industry Average ROE: 61.73%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): -1.11
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.05
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 131.67)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: -0.91
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Birla Tyres Ltd. is a Public Limited Listed company incorporated on 22/11/2018 and has its registered office in the State of West Bengal, India. Company’s Corporate Identification Number(CIN) is L25209WB2018PLC228915 and registration number is 228915. Currently Company is involved in the business activities of Manufacture of rubber tyres and tubes for motor vehicles, motorcycles, scooters, three-wheelers, tractors and aircraft. Company’s Total Operating Revenue is Rs. 5.42 Cr. and Equity Capital is Rs. 142.59 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Tyres & Tubes	9/1, R.N. Mukherjee Road, 8th Floor, Birla Building, Kolkata West Bengal 700001	corporate@birlatyre.com http://www.birlatyre.com

Management
Name	Position Held
Mrs. Manjushree Khaitan	Chairman
Mr. Kashi Prasad Khandelwal	Director
Ms. Rashmi Bihani	Director
Mr. Uma Shankar Asopa	Director
Mr. Abhijit Ghosh	Director
Mr. Anil Goenka	Director

FAQ

What is the latest intrinsic value of Birla Tyres Ltd?

The latest intrinsic value of Birla Tyres Ltd as on 27 December 2024 is ₹202.42, which is 3719.25% higher than the current market price of ₹5.30. The stock has a market capitalization of 75.6 Cr. and recorded a high/low of / during the current fiscal year 2024-2025. As of Mar 2023, the company has reserves of ₹-1,401 Cr and total liabilities of ₹986 Cr.

What is the Market Cap of Birla Tyres Ltd?

The Market Cap of Birla Tyres Ltd is 75.6 Cr..

What is the current Stock Price of Birla Tyres Ltd as on 27 December 2024?

The current stock price of Birla Tyres Ltd as on 27 December 2024 is 5.30.

What is the High / Low of Birla Tyres Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Birla Tyres Ltd stocks is /.

What is the Stock P/E of Birla Tyres Ltd?

The Stock P/E of Birla Tyres Ltd is .

What is the Book Value of Birla Tyres Ltd?

The Book Value of Birla Tyres Ltd is 88.2.

What is the Dividend Yield of Birla Tyres Ltd?

The Dividend Yield of Birla Tyres Ltd is 0.00 %.

What is the ROCE of Birla Tyres Ltd?

The ROCE of Birla Tyres Ltd is %.

What is the ROE of Birla Tyres Ltd?

The ROE of Birla Tyres Ltd is %.

What is the Face Value of Birla Tyres Ltd?

The Face Value of Birla Tyres Ltd is 10.0.

Share Price and Basic Stock Data

Stock P/E, Current Price, and Intrinsic Value Over Time

Competitors of Birla Tyres Ltd

Quarterly Result

Quarterly Chart

Profit & Loss - Annual Report

Profit & Loss Yearly Chart

YoY Net Profit Growth

Growth

Balance Sheet

Reserves and Borrowings Chart

Cash Flow

Free Cash Flow

Free Cash Flow Chart

Financial Efficiency Indicators

Financial Efficiency Indicators Chart

Share Holding Pattern

Shareholding Pattern Chart

No. of Shareholders

ROCE Trend

EPS Trend

Key Financial Ratios

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Strength and Weakness

Stock Analysis

About the Company - Qualitative Analysis

FAQ

What is the latest intrinsic value of Birla Tyres Ltd?

What is the Market Cap of Birla Tyres Ltd?

What is the current Stock Price of Birla Tyres Ltd as on 27 December 2024?

What is the High / Low of Birla Tyres Ltd stocks in FY 2024-2025?

What is the Stock P/E of Birla Tyres Ltd?

What is the Book Value of Birla Tyres Ltd?

What is the Dividend Yield of Birla Tyres Ltd?

What is the ROCE of Birla Tyres Ltd?

What is the ROE of Birla Tyres Ltd?

What is the Face Value of Birla Tyres Ltd?

About the Author

Getaka