Innovative Tyres & Tubes Ltd.

8.20 +0.35 ▲4.5%

05 March 2024, 09:41:58 AM
Volume: 18,000

Company Profile

Sector Automobile & Ancillaries Sector Icon Automobile & Ancillaries Compare with Sector peers
Industry Tyres & Allied Industry Icon Tyres & Allied Compare with Industry peers
Website http://www.innovativetyres.com
Market Cap 14.12 Cr.
Enterprise Value(EV) 46.95 Cr. 2023-09
Financial Indicators
Earnings per share (EPS) -29.42 Trailing Twelve Months Ending 2023-03
Price-Earning Ratio (PE) - Trailing Twelve Months Ending 2023-03
Industry PE 25.87 Trailing Twelve Months Ending 2023-03
Book Value / Share -28.63 Trailing Twelve Months Ending 2023-03
Price to Book Value -0.27 Calculated using Price: 7.85
Dividend Yield 0.00 Period Ending 2023-03
No. of Shares Subscribed 1.80 Cr. 17,991,561 Shares
FaceValue 10
About Innovative Tyres & Tubes Ltd.
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.

Innovative Tyres & Tubes Ltd. Delivery

Delivered Qty
Traded Qty

Innovative Tyres & Tubes Ltd. Performance

1 Day
+4.46%
1 Week
+9.33%
1 Month
+1.23%
3 Month
+50.46%
6 Month
+76.34%
1 Year
+215.38%
2 Year
+21.48%
5 Year
-61.95%
10 Year

Innovative Tyres & Tubes Ltd. Fundamental Ratios

9 years 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03 2022-03 2023-03
Return on Equity (%) 13.64 8.75 12.73 7.56 1.26 -13.26 -13.65 -190.74 0
Return on Capital Employed (%) 16.65 14 16.03 11.54 3.11 -6.69 -5.96 -90.66 -480.42
Return on Assets (%) 3.36 2.37 3.69 2.96 0.59 -5.61 -5.3 -45.5 -79.22

Innovative Tyres & Tubes Ltd. Balance Sheet

Particulars 10 years 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr. 2023-09* Rs. Cr.
Shh. Funds 36 44 53 85 86 77 68 9 -44 -9
Non Curr. Liab. 34 27 35 29 41 39 16 8 1
Curr. Liab. 65 54 51 43 51 56 78 80 80 33
Minority Int.
Equity & Liab. 136 125 140 158 178 172 161 98 36 34
Non Curr. Assets 76 75 81 99 115 107 101 92 34 32
Curr. Assets 60 51 58 59 63 65 61 6 2 2
Misc. Exp. not W/O
Total Assets 136 125 140 158 178 172 161 98 36 34

Innovative Tyres & Tubes Ltd. Profit and Loss

Particulars 10 years 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. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Net Sales 126 129 124 131 140 172 149 139 52 2
Other Income 1 1 2 2 1 2 2 1 2 0
Total Income 127 131 126 133 140 174 151 140 54 2
Total Expenditure -117 -119 -114 -118 -126 -164 -149 -137 -102 -55
PBIDT 10 12 12 14 14 9 2 3 -48 -53
Interest -4 -5 -5 -4 -3 -2 -3 -4 -3 0
Depreciation -2 -3 -4 -4 -5 -6 -8 -8 -8 -8
Taxation -1 -1 0 -1 -2 0 -1 0 0 8
Exceptional Items
PAT 2 4 3 5 4 1 -10 -9 -59 -53
Adjusted EPS 2 4 3 5 2 1 -5 -5 -33 -29

Innovative Tyres & Tubes Ltd. Cash Flow

Particulars 10 years 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. 2021-03 Rs. Cr. 2022-03 Rs. Cr. 2023-03 Rs. Cr.
Cash Fr. Operatn. 13 8 9 3 9 5 3 3 -3 1
Cash Fr. Inv. -5 -6 -4 -4 -23 -17 0 -1 2 0
Cash Fr. Finan. -8 -2 -5 1 17 8 -3 -1 -2 0
Net Change 0 0 0 0 4 -4 0 1 -4 1
Cash & Cash Eqvt 4 4 4 4 8 4 3 4 0 1

Innovative Tyres & Tubes Ltd. Shareholding Pattern

9 Qtrs 2019-09 (%) 2020-03 (%) 2020-09 (%) 2021-03 (%) 2021-09 (%) 2022-03 (%) 2022-09 (%) 2023-03 (%) 2023-09 (%)
Promoter 24.82 24.82 24.82 24.82 24.82 19.49 14.00 14.00 14.00
Public 75.18 75.17 75.18 75.18 75.18 80.51 86.00 86.01 86.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 45.56 45.56 45.56 45.56 0.00 58.03 0.00 80.77 80.77

Innovative Tyres & Tubes Ltd. Announcements

Mon, 12 Feb 2024
Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent
INNOVATIVE TYRES AND TUBES LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

Innovative Tyres & Tubes Ltd. Technical Scans

Mon, 04 Mar 2024
Higher Delivery Quantity Higher Delivery Quantity
Higher Trade Quantity Higher Trade Quantity
Higher Trade and Delivery Quantity Higher Trade and Delivery Quantity
Closing Below Previous Low Closing Below Previous Low
Making Higher Highs for 3 days Making Higher Highs for 3 days

Innovative Tyres & Tubes Ltd. Related Stocks

Stock Name Market Cap(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. 364,559.22 11,628.05 +0.3%
Tata Motors Ltd. 328,071.40 1,036.15 +5.0%
Mahindra & Mahindra Ltd. 238,869.45 1,953.75 +1.7%
Bajaj Auto Ltd. 232,353.24 8,302.95 +1.2%
TVS Motor Company Ltd. 106,072.70 2,263.20 +1.4%
Eicher Motors Ltd. 102,734.61 3,781.00 +0.8%
Hero MotoCorp Ltd. 92,152.93 4,612.55 +0.0%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-12 29.96 11,628.05 +0.3%
Tata Motors Ltd. Consolidated 2023-12 16.91 1,036.15 +5.0%
Mahindra & Mahindra Ltd. Consolidated 2023-12 21.42 1,953.75 +1.7%
Bajaj Auto Ltd. Consolidated 2023-12 31.39 8,302.95 +1.2%
TVS Motor Company Ltd. Consolidated 2023-12 64.86 2,263.20 +1.4%
Eicher Motors Ltd. Consolidated 2023-12 26.78 3,781.00 +0.8%
Hero MotoCorp Ltd. Consolidated 2023-12 25.49 4,612.55 +0.0%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-12 4.46 11,628.05 +0.3%
Tata Motors Ltd. Consolidated 2023-12 5.42 1,036.15 +5.0%
Mahindra & Mahindra Ltd. Consolidated 2023-12 3.77 1,953.75 +1.7%
Bajaj Auto Ltd. Consolidated 2023-12 7.41 8,302.95 +1.2%
TVS Motor Company Ltd. Consolidated 2023-12 15.50 2,263.20 +1.4%
Eicher Motors Ltd. Consolidated 2023-12 6.11 3,781.00 +0.8%
Hero MotoCorp Ltd. Consolidated 2023-12 4.92 4,612.55 +0.0%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 0.02 11,628.05 +0.3%
Tata Motors Ltd. Consolidated 2023-03 2.78 1,036.15 +5.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 1.58 1,953.75 +1.7%
Bajaj Auto Ltd. Consolidated 2023-03 0.00 8,302.95 +1.2%
TVS Motor Company Ltd. Consolidated 2023-03 3.93 2,263.20 +1.4%
Eicher Motors Ltd. Consolidated 2023-03 0.01 3,781.00 +0.8%
Hero MotoCorp Ltd. Consolidated 2023-03 0.02 4,612.55 +0.0%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 14.02 11,628.05 +0.3%
Tata Motors Ltd. Consolidated 2023-03 5.24 1,036.15 +5.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 22.09 1,953.75 +1.7%
Bajaj Auto Ltd. Consolidated 2023-03 20.50 8,302.95 +1.2%
TVS Motor Company Ltd. Consolidated 2023-03 26.44 2,263.20 +1.4%
Eicher Motors Ltd. Consolidated 2023-03 21.19 3,781.00 +0.8%
Hero MotoCorp Ltd. Consolidated 2023-03 17.26 4,612.55 +0.0%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 14.02 11,628.05 +0.3%
Tata Motors Ltd. Consolidated 2023-03 5.24 1,036.15 +5.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 22.09 1,953.75 +1.7%
Bajaj Auto Ltd. Consolidated 2023-03 20.50 8,302.95 +1.2%
TVS Motor Company Ltd. Consolidated 2023-03 26.44 2,263.20 +1.4%
Eicher Motors Ltd. Consolidated 2023-03 21.19 3,781.00 +0.8%
Hero MotoCorp Ltd. Consolidated 2023-03 17.26 4,612.55 +0.0%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 117,571.30 11,628.05 +0.3%
Tata Motors Ltd. Consolidated 2023-03 345,966.97 1,036.15 +5.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 121,268.55 1,953.75 +1.7%
Bajaj Auto Ltd. Consolidated 2023-03 36,455.38 8,302.95 +1.2%
TVS Motor Company Ltd. Consolidated 2023-03 31,973.99 2,263.20 +1.4%
Eicher Motors Ltd. Consolidated 2023-03 14,442.18 3,781.00 +0.8%
Hero MotoCorp Ltd. Consolidated 2023-03 34,158.38 4,612.55 +0.0%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
Maruti Suzuki India Ltd. Consolidated 2023-03 8,211.00 11,628.05 +0.3%
Tata Motors Ltd. Consolidated 2023-03 2,353.49 1,036.15 +5.0%
Mahindra & Mahindra Ltd. Consolidated 2023-03 11,374.48 1,953.75 +1.7%
Bajaj Auto Ltd. Consolidated 2023-03 6,060.21 8,302.95 +1.2%
TVS Motor Company Ltd. Consolidated 2023-03 1,309.46 2,263.20 +1.4%
Eicher Motors Ltd. Consolidated 2023-03 2,913.94 3,781.00 +0.8%
Hero MotoCorp Ltd. Consolidated 2023-03 2,799.90 4,612.55 +0.0%

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