Innovative Tyres & Tubes Ltd.
Snapshot View

16.80 +0.80 ▲5.0%

23 July 2021, 03:31:12 P.M.
Volume: 9,000

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Tyres & Allied Compare with Industry peers
Website http://www.innovativetyres.com
Financial Indicators
Market Cap 30.23 Cr.
Earnings per share (EPS) -4.91 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2021-03
Industry PE 29.18 Trailing Twelve Months Ending 2021-03
Book Value / Share 38.47 Trailing Twelve Months Ending 2021-03
Price to Book Value 0.44 Calculated using Price: 16.80
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 1.80 Cr. 17,991,561 Shares
FaceValue 10
Company Profile

Innovative Tyres And Tubes was  originally  incorporated  as  ‘Innovative  Tyres  &  Tubes  Limited’  at  Mumbai,  Maharashtra  as  a  Public  Limited  Company  under  the  provisions  of  the  Companies Act, 1956 vide Certificate of Incorporation dated November 28, 1995 bearing Registration Number 11-94817 issued by Registrar of Companies, Maharashtra, Mumbai.

Business area of the Company:

They  are  a  tyre  and  tube  manufacturing  Company,  manufacturing  & marketing  their products  under  flagship  brand  ‘Innovative’.  They  started  their  journey  with  the acquisition  of  a  greenfield  project  situated  at  Halol  in  auction  from  Gujarat  State  Financial Corporation and State Bank of Bikaner & Jaipur vide agreement dated December 15, 1995. Thereafter, they  revamped  the  closed  company  to  their  tube  manufacturing  facility  at  this  property  and  started manufacturing  of  tubes  in  the  year  1996.  Within  a  short  time  after  their  inception,  they  were  able  to successfully get their facility approved by CEAT for carrying out job work activities for them. The Company is manufacturing all segments of Nylon Tyres. The Company is catering to domestic markets/after sales market, OEMs and is also exporting its products.

Major events and milestones of the company:

  • 1995: Incorporation of the Company.
  • 1996: Acquisition of plant located at Halol, Gujarat for manufacturing of tubes.
  • 1996: Certificate of Commencement of Business.
  • 2003: Established 2nd plant at Halol, Gujarat for manufacturing of 2 wheeler tyres.
  • 2015: Scope of Certification by the Philippine Standard Certificate of the Department of Trade and Industry.
  • 2015: Certificate for Quality Management system as required under ISO 9001:2008 issued by TUV SUD, South Asia Private Limited for Tube plan.
  • 2015: Philippine Standard Quality Mark Licence by the Department of Trade and Industry, Bureau of Philippine Standards.
  • 2016: Certificate for Quality Management system as required by ISO 9001:2008 by TUV SUD South Asia Private Limited for Tyre plant.
  • 2016: Licence from Bureau of Indian Standards bearing IS No. 13098:2012.
  • 2017: Product Certificate SNI 0100:2012 for product light truck tyre (Brand-Innovative).
  • 2017: Product Certificate SNI 6700:2012 for product Inner tube for automobile tire (Brand-Innovative).
  • 2017: GSO Conformity Certificate by GCC Standardization Organization.
  • 2017: Compliance Statement (RDWC-EAV-02 Correction 01) by RDW, The competent Administrative Department (Approval Authority) for the Netherlands.
  • 2017: Product Certificate by Standards Organization of Nigeria.
  • 2017: Product Certificate SNI 0099:2012 for product Truck & Bus Tyre (Brand-Innovative).

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
+5.00%
1 Week
-0.30%
1 Month
+58.49%
3 Month
+140.0%
6 Month
+95.35%
1 Year
+152.63%
2 Year
+5.00%
5 Year
9 years 2012-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 2.00 13.09 8.22 13.64 8.75 12.73 7.56 1.26 -13.26
Return on Capital Employed (%) 9.85 11.86 12.63 16.65 14.00 16.03 11.54 3.11 -6.69
Return on Assets (%) 0.62 3.48 2.15 3.36 2.37 3.69 2.96 0.59 -5.61

Balance Sheet View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 23 27 28 36 44 53 85 86 77
Non Curr. Liab. 26 33 37 34 27 35 29 41 39
Curr. Liab. 39 41 44 65 54 51 43 51 56
Minority Int.
Equity & Liab. 88 101 109 136 125 140 158 178 172
Non Curr. Assets 62 69 72 76 75 81 99 115 107
Curr. Assets 27 31 38 60 51 58 59 63 65
Misc. Exp. not W/O
Total Assets 88 101 109 136 125 140 158 178 172

Profit Loss View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 87 103 126 129 124 131 140 172 149
Other Income 5 5 1 1 2 2 1 2 2
Total Income 92 107 127 131 126 133 140 174 151
Total Expenditure -86 -98 -117 -119 -114 -118 -126 -164 -149
PBIDT 7 10 10 12 12 14 14 9 2
Interest -3 -6 -4 -5 -5 -4 -3 -2 -3
Depreciation -2 -2 -2 -3 -4 -4 -5 -6 -8
Taxation -1 1 -1 -1 0 -1 -2 0 -1
Exceptional Items
PAT 0 3 2 4 3 5 4 1 -10

Cash Flow View Details

Particulars 9 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. 9 4 13 8 9 3 9 5 3
Cash Fr. Inv. -18 -8 -5 -6 -4 -4 -23 -17 0
Cash Fr. Finan. 13 2 -8 -2 -5 1 17 8 -3
Net Change 4 -2 0 0 0 0 4 -4 0
Cash & Cash Eqvt 5 3 4 4 4 4 8 4 3

Shareholding Pattern View Details

8 Qtrs 2017-07 (%) 2018-03 (%) 2018-09 (%) 2019-03 (%) 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%)
Promoter 37.42 24.32 24.32 24.82 24.82 24.82 24.82 24.82
Public 62.58 75.68 75.68 75.18 75.18 75.17 75.18 75.18
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 38.76 38.76 45.56 45.56 45.56 45.56 45.56

Announcements View Details

No Corporate Announcement found.

Technical Scans View Details

Fri, 23 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Increasing Relative Strength - Benchmark index Increasing Relative Strength - Benchmark index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index

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