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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Innovative Tyres & Tubes Ltd

About the Company - Innovative Tyres & Tubes Ltd

Innovative Tyres & Tubes Ltd. is a Public Limited Listed company incorporated on 28/11/1995 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L25112GJ1995PLC086579 and registration number is 086579. Currently Company is involved in the business activities of Manufacture of rubber and plastics products. Company’s Total Operating Revenue is Rs. 51.57 Cr. and Equity Capital is Rs. 17.99 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Tyres & Tubes1201, 1202, 1203 GIDC Halol, Panchmahal Gujarat 389350investors@innovativetyres.co.in
http://www.innovativetyres.com
Management
NamePosition Held
Mr. Munish ChawlaManaging Director
Mr. Robin ChawlaDirector & CFO
Dr. Ramesh Chander ChawlaDirector
Mrs. Roshni ChawlaDirector
Mr. Umesh VedIndependent Director
Mr. Jasmin DoshiIndependent Director

Innovative Tyres & Tubes Ltd. Share Price Update

Share PriceValue
Today₹9.00
Previous Day₹8.95

Basic Stock Data of Innovative Tyres & Tubes Ltd

Market Cap 14.2 Cr.
Current Price 7.90
High / Low10.2/2.00
Stock P/E
Book Value 0.04
Dividend Yield0.00 %
ROCE306 %
ROE%
Face Value 10.0

Data Source: screener.in

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

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:-34%
5 Years:-59%
3 Years:-78%
TTM:-97%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-5%
Stock Price CAGR
10 Years:%
5 Years:-17%
3 Years:-1%
1 Year:254%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

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 Capital-0-0-0-047-0-0-0-0-0-0
Borrowings38252422192013222237383833
Other Liabilities2753577769735969745751421
Total Liabilities88102109136126139156178172161983634
Fixed Assets6061616060658810810497903230
CWIP-05814131510101000
Investments-0-0-0-0-0-0-0000000
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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2217235746402927443714
Inventory Days931279012410214812212013614312
Days Payable12610693164138130947392121137
Cash Conversion Cycle-12382017115857738858-112
Working Capital Days1172520295243505326-264
ROCE %9%14%15%17%14%16%11%2%-7%-6%-75%

Innovative Tyres & Tubes Ltd Financial Efficiency Indicators Chart

Innovative Tyres & Tubes Ltd Share Holding Pattern

MonthMar 2023Sep 2023
Promoters14.00%14.00%
Public86.01%86.00%
No. of Shareholders1,7671,795

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 22Mar 21Mar 20Mar 19Mar 18
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-32.76-4.91-5.460.553.04
Diluted EPS (Rs.)-32.76-4.91-5.460.552.94
Cash EPS (Rs.)-28.42-0.26-0.864.145.40
Book Value[Excl.RevalReserv]/Share (Rs.)0.7933.5538.4743.9343.38
Book Value[Incl.RevalReserv]/Share (Rs.)4.8437.6042.5247.9847.43
Revenue From Operations / Share (Rs.)28.6677.3582.7495.4877.54
PBDIT / Share (Rs.)-26.811.741.025.257.97
PBIT / Share (Rs.)-31.15-2.91-3.581.665.02
PBT / Share (Rs.)-32.85-4.93-5.150.503.47
Net Profit / Share (Rs.)-32.76-4.91-5.460.552.44
PBDIT Margin (%)-93.542.251.225.4910.28
PBIT Margin (%)-108.67-3.76-4.321.736.47
PBT Margin (%)-114.62-6.37-6.220.534.47
Net Profit Margin (%)-114.29-6.35-6.600.573.15
Return on Networth / Equity (%)-4120.82-14.64-14.191.255.63
Return on Capital Employeed (%)-326.17-4.80-5.552.347.75
Return On Assets (%)-60.38-5.47-5.700.552.81
Long Term Debt / Equity (X)0.000.100.060.070.04
Total Debt / Equity (X)26.290.330.290.260.14
Asset Turnover Ratio (%)0.390.830.841.030.94
Current Ratio (X)0.071.151.151.351.45
Quick Ratio (X)0.030.400.410.510.65
Inventory Turnover Ratio (X)2.312.432.693.792.97
Interest Coverage Ratio (X)-15.740.860.644.555.14
Interest Coverage Ratio (Post Tax) (X)-18.23-1.43-2.491.482.58
Enterprise Value (Cr.)47.2931.2028.8961.5772.87
EV / Net Operating Revenue (X)0.910.220.190.350.52
EV / EBITDA (X)-0.989.9515.786.525.08
MarketCap / Net Operating Revenue (X)0.190.100.070.250.49
Price / BV (X)6.990.250.160.560.88
Price / Net Operating Revenue (X)0.190.100.070.250.49
EarningsYield-5.90-0.57-0.860.020.06

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 of Innovative Tyres & Tubes Ltd Stock

Fair Value: ₹0.09

The stock is overvalued by 98.84% compared to the current price ₹7.9

*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 4.33, 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 is trading at a high valuation with an average P/B ratio of -6.19 and average Dividend Yield of -24.44%.
  2. The stock has a low average ROCE of 0.83%, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 24.67, which may not be favorable.
  4. The company has not shown consistent growth in sales (104.08) and profit (-10.08).

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