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Last Updated on: 19 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Innovative Tyres & Tubes Ltd

About the Company - Innovative Tyres & Tubes Ltd

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Basic Stock Data of Innovative Tyres & Tubes Ltd

Last Updated: June 19, 2024, 2:38 pm

Market Cap 10.8 Cr.
Current Price 6.00
High / Low10.2/2.10
Stock P/E
Book Value 0.13
Dividend Yield0.00 %
ROCE%
ROE%
Face Value 10.0
PEG Ratio0.00

Innovative Tyres & Tubes Ltd Quarterly Results

MonthSep 2019Mar 2020Sep 2020Mar 2021Sep 2021Mar 2022Sep 2022Mar 2023Sep 2023
Sales836663764110100
Expenses8266667152503521
Operating Profit1-1-24-10-40-2-52-1
OPM %1%-1%-4%6%-25%-394%-128%-15,670%
Other Income1001020038
Interest112221000
Depreciation444443442
Profit before tax-3-6-8-1-16-43-6-5635
Tax %-10%-4%3%-26%2%-0%3%15%0%
Net Profit-4-6-8-1-16-43-6-4735
EPS in Rs-2.11-3.36-4.41-0.51-8.82-23.94-3.10-26.3319.34

Last Updated: June 11, 2024, 2:51 am

Innovative Tyres & Tubes Ltd Quarterly Chart

Innovative Tyres & Tubes Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales871021261291241311401721491395220
Expenses81931171191141181261641491371025553
Operating Profit69910101314702-50-53-53
OPM %7%9%7%8%8%10%10%4%0%2%-98%-3,295%-16,079%
Other Income01112212212039
Interest3645543234300
Depreciation2223445688886
Profit before tax22353661-9-9-59-61-21
Tax %71%65%34%12%41%21%30%-9%-6%0%0%14%
Net Profit01242541-10-9-59-53-13
EPS in Rs0.600.992.424.411.975.102.450.55-5.46-4.91-32.76-29.42-6.99
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Innovative Tyres & Tubes Ltd Profit & Loss Yearly Chart

Innovative Tyres & Tubes Ltd Growth

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:-12%
1 Year:182%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: June 15, 2024, 4:38 pm

Innovative Tyres & Tubes Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital8899101018181818181818
Reserves16171927273667685850-9-62-18
Preference Capital000047000000
Borrowings38252422192013222237383833
Other Liabilities2753577769735969745751421
Total Liabilities88102109136126139156178172161983634
Fixed Assets6061616060658810810497903230
CWIP05814131510101000
Investments0000000000000
Other Assets28364063535958696863844
Total Assets88102109136126139156178172161983634

Innovative Tyres & Tubes Ltd Reserves and Borrowings Chart

Innovative Tyres & Tubes Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 13138939433-31
Cash from Investing Activity -8-5-6-4-4-23-170-120
Cash from Financing Activity -7-8-2-51178-3-1-20
Net Cash Flow-200-004-4-01-41

Innovative Tyres & Tubes Ltd Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1723574640292744371423
Inventory Days12790124102148122120136143120
Days Payable10693164138130947392121137
Cash Conversion Cycle382017115857738858-11223
Working Capital Days172520295243505326-266-9,380
ROCE %14%15%17%14%16%11%2%-7%-6%-75%-306%

Innovative Tyres & Tubes Ltd Financial Efficiency Indicators Chart

Innovative Tyres & Tubes Ltd Share Holding Pattern

MonthMar 2023Sep 2023Mar 2024
Promoters14.00%14.00%14.00%
Public86.01%86.00%86.00%
No. of Shareholders1,7671,7951,981

Innovative Tyres & Tubes Ltd Shareholding Pattern Chart

No. of Innovative Tyres & Tubes Ltd Shareholders

This stock is not held by any mutual fund

Innovative Tyres & Tubes Ltd ROCE Trend

Innovative Tyres & Tubes Ltd EPS Trend

Innovative Tyres & Tubes Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-29.42-32.76-4.91-5.460.55
Diluted EPS (Rs.)-29.42-32.76-4.91-5.460.55
Cash EPS (Rs.)-24.87-28.42-0.26-0.864.14
Book Value[Excl.RevalReserv]/Share (Rs.)-28.630.7933.5538.4743.93
Book Value[Incl.RevalReserv]/Share (Rs.)-24.584.8437.6042.5247.98
Revenue From Operations / Share (Rs.)0.9028.6677.3582.7495.48
PBDIT / Share (Rs.)-29.53-26.811.741.025.25
PBIT / Share (Rs.)-34.08-31.15-2.91-3.581.66
PBT / Share (Rs.)-34.13-32.85-4.93-5.150.50
Net Profit / Share (Rs.)-29.42-32.76-4.91-5.460.55
PBDIT Margin (%)-3271.20-93.542.251.225.49
PBIT Margin (%)-3774.96-108.67-3.76-4.321.73
PBT Margin (%)-3780.36-114.62-6.37-6.220.53
Net Profit Margin (%)-3258.83-114.29-6.35-6.600.57
Return on Networth / Equity (%)0.00-4120.82-14.64-14.191.25
Return on Capital Employeed (%)138.66-326.17-4.80-5.552.34
Return On Assets (%)-146.90-60.38-5.47-5.700.55
Long Term Debt / Equity (X)0.000.000.100.060.07
Total Debt / Equity (X)-0.7326.290.330.290.26
Asset Turnover Ratio (%)0.020.390.830.841.03
Current Ratio (X)0.020.071.151.151.35
Quick Ratio (X)0.020.030.400.410.51
Inventory Turnover Ratio (X)0.782.312.432.693.79
Interest Coverage Ratio (X)-605.90-15.740.860.644.55
Interest Coverage Ratio (Post Tax) (X)-602.61-18.23-1.43-2.491.48
Enterprise Value (Cr.)41.0047.2931.2028.8961.57
EV / Net Operating Revenue (X)25.240.910.220.190.35
EV / EBITDA (X)-0.77-0.989.9515.786.52
MarketCap / Net Operating Revenue (X)2.600.190.100.070.25
Price / BV (X)-0.086.990.250.160.56
Price / Net Operating Revenue (X)2.610.190.100.070.25
EarningsYield-12.52-5.90-0.57-0.860.02

Innovative Tyres & Tubes Ltd Profitability Ratios (%)

Innovative Tyres & Tubes Ltd Liquidity Ratios

Innovative Tyres & Tubes Ltd Liquidity Ratios (%)

Innovative Tyres & Tubes Ltd Interest Coverage Ratios (%)

Innovative Tyres & Tubes Ltd Valuation Ratios

Fair Value

Fair Value: 0.30

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.

Overvalued: 95.03% compared to the current price 6

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

Intrinsic Value: 0.25

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 95.87% compared to the current price ₹6

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

Last 5 Year EPS CAGR: -16.94%

*Investments are subject to market risks

Strength and Weakness of Innovative Tyres & Tubes Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of 3.33, which is a positive sign.
  2. The company has higher reserves (22.77 cr) compared to borrowings (0.85 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of -25.42%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 27.58, which may not be favorable.
  3. The company has not shown consistent growth in sales (104.08) and profit (-10.08).

FAQ

What is the latest fair value of Innovative Tyres & Tubes Ltd?

The latest fair value of Innovative Tyres & Tubes Ltd is ₹0.30.

What is the Market Cap of Innovative Tyres & Tubes Ltd?

The Market Cap of Innovative Tyres & Tubes Ltd is 10.8 Cr..

What is the current Stock Price of Innovative Tyres & Tubes Ltd as on 19 June 2024?

The current stock price of Innovative Tyres & Tubes Ltd as on 19 June 2024 is ₹6.00.

What is the High / Low of Innovative Tyres & Tubes Ltd stocks in FY 2024?

In FY 2024, the High / Low of Innovative Tyres & Tubes Ltd stocks is 10.2/2.10.

What is the Stock P/E of Innovative Tyres & Tubes Ltd?

The Stock P/E of Innovative Tyres & Tubes Ltd is .

What is the Book Value of Innovative Tyres & Tubes Ltd?

The Book Value of Innovative Tyres & Tubes Ltd is 0.13.

What is the Dividend Yield of Innovative Tyres & Tubes Ltd?

The Dividend Yield of Innovative Tyres & Tubes Ltd is 0.00 %.

What is the ROCE of Innovative Tyres & Tubes Ltd?

The ROCE of Innovative Tyres & Tubes Ltd is %.

What is the ROE of Innovative Tyres & Tubes Ltd?

The ROE of Innovative Tyres & Tubes Ltd is %.

What is the Face Value of Innovative Tyres & Tubes Ltd?

The Face Value of Innovative Tyres & Tubes Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Innovative Tyres & Tubes Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE