Innovative Tyres & Tubes Ltd

ITTL

Watchlist

AI Mode

‌

Market Cap

₹ 104 Cr

P/E

—

‌

‌
‌

‌

‌
‌

Investment Checklist

How to read checklist?

Performance

MARKET LEADER

Valuation

REASONABLE

Growth

STABLE

Profitability

LOW MARGIN

Technicals

Bearish

Risk

LOW RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

Innovative Tyres & Tubes Limited is primarily engaged in manufacturing and processing automotive tyres and tubes. It caters to various segments, including exports, domestic market, and OEMs such as CEAT Limited.

The company's production facilities are located in Halol, Gujarat, with a combined production capacity of 12,000 MT annually. It covers product ranges including highway sizes, Off The Road (OTR) tyres, agriculture, and industrial tyres.

Being originally incorporated in 1995, Innovative Tyres has evolved with acquisitions of key projects and expansions, establishing its second plant in 2003 for 2-wheeler tyre manufacturing.

In 2017, the company launched an IPO, raising Rs 28.33 Crore through the issuance of 62,97,000 equity shares, marking a financial milestone.

Innovative Tyres' strategic positioning through diverse product offerings makes it a significant player in the tyre and tube industry, supported by a network including factory outlets.

Sector

Tyres

Industry

Tyres - Medium / Small

Market Cap

104 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

18.5

PEG Ratio

—

P/B Ratio

—

52W High

152.40

52W Low

18.60

Sales CAGR

229.97%

-3.19%

-20.66%

10Y

-10.53%

Profit CAGR

-146.43%

—

10Y

—

ROE

TTM

98.35%

56.73%

-653.76%

10Y

-27.34%

ROCE

TTM

-45.27%

5184.00%

-82.44%

10Y

-12.26%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MODIRUBBER	104.90	263 Cr	15.61	0.48	0.00	2.43	2.28	2.17
ETML	106.00	206 Cr	19.67	1.89	0.94	0.00	0.00	3.77
DOLFIN	180.05	181 Cr	39.13	5.05	0.00	12.91	12.12	5.99
AMEENJI	137.25	155 Cr	19.30	2.97	0.00	38.99	26.46	9.04
ITTL	104.05	104 Cr	—	0.00	0.00	98.35	-45.27	-29.03
VIAZ	71.40	96 Cr	28.79	2.13	0.00	10.44	12.80	6.79
TTIL	8.40	62 Cr	20.49	0.58	0.00	5.31	6.55	2.57

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Half Yearly Results (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025
Sales	63	76	41	10	1.30	0.33	0.00	14	20	27
Expenses	66	71	52	50	2.97	52	1.35	20	26	32
Interest	1.87	1.77	1.89	1.18	0.09	0.00	0.00	0.02	0.02	0.91
Operating Profit	-2.35	4.46	-10	-40	-1.67	-52	-1.35	-6.21	-6.86	-4.55
OPM %	-3.72	5.87	-24.90	-394.47	-128.46	-15,669.70	—	-43.79	-35.16	-16.67
Other Income	0.14	0.87	0.45	1.59	0.10	0.15	38	8.10	0.11	0.29
Depreciation	4.08	4.29	4.39	3.42	4.10	4.08	2.23	2.19	2.17	1.90
Profit Before Tax	-8.15	-0.72	-16	-43	-5.77	-56	35	-0.32	-8.94	-7.07
Tax %	2.82	-26.39	1.73	-0.26	3.47	14.86	0.00	9.38	0.00	0.00
Net Profit	-7.93	-0.91	-16	-43	-5.57	-47	35	-0.29	-8.94	-7.07
EPS in Rs	—	—	—	—	—	—	—	—	—	—

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	127	135	141	172	149	139	52	1.62	14	47
Expenses	113	118	126	164	149	137	102	55	22	58
Operating Profit	15	17	15	7.36	0.13	2.12	-50	-53	-7.55	-11
OPM %	11.58	12.50	10.83	4.28	0.09	1.52	-97.51	-3,291.62	-53.29	-24.42
Other Income	1.52	1.70	0.59	2.08	1.70	1.02	2.05	0.24	46	0.40
Interest	5.19	4.20	2.79	2.07	2.82	3.64	3.07	0.00	0.02	0.92
Depreciation	3.91	4.00	5.32	6.46	8.28	8.37	7.80	8.18	4.42	4.07
Profit Before Tax	3.37	6.18	6.24	0.91	-9.26	-8.87	-59	-61	34	-16
Tax %	7.96	20.97	29.50	-8.62	-6.09	0.37	0.29	13.80	-0.08	0.00
Net Profit	3.10	4.89	4.40	0.99	-9.83	-8.84	-59	-53	34	-16
EPS in Rs	—	—	—	—	—	—	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.59	9.59	18	18	18	18	18	18	18	10
Reserves	31	36	67	68	59	50	-9.28	-62	-18	-26
Borrowings	21	27	12	21	21	37	38	38	35	43
Other Liabilities	64	67	60	71	75	57	51	42	7.54	29
Total Liabilities	125	139	156	178	172	161	98	36	42	55
Fixed Assets	60	65	88	108	104	97	90	32	36	32
CWIP	13	15	10	1.14	0.16	1.44	0.25	0.25	0.25	9.51
Investments	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Other Assets	52	59	58	69	68	63	7.74	3.57	6.06	14
Total Assets	125	139	156	178	172	161	98	36	42	55

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	9.19	3.22	8.97	4.50	2.90	3.40	-2.95	0.46	-7.42	-4.64
Cash from Investing Activity	-4.06	-3.90	-23	-17	0.16	-1.22	1.60	0.07	-0.01	-2.31
Cash from Financing Activity	-4.65	1.08	17	7.82	-3.40	-1.29	-2.43	0.41	6.28	7.02
Net Cash Flow	0.49	0.40	3.64	-4.39	-0.34	0.89	-3.78	0.94	-1.15	0.07

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Dec 2024	Mar 2025	Sep 2025
Promoters	24.82%	24.82%	24.82%	19.49%	14.00%	14.00%	14.00%	14.00%	94.55%	94.55%	94.55%	94.55%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	75.18%	75.18%	75.18%	80.51%	86.00%	86.00%	86.00%	86.00%	5.45%	5.45%	5.45%	5.45%
Total Shareholders	1,029	1,016	1,020	1,438	1,735	1,767	1,795	1,981	2,033	2,042	2,045	2,088

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Apr 24, 2024	Mohammedi q khokhawala	Bulk	Sell	6.69	0.06 Cr	90,000	0.89
Jan 02, 2024	Pranjal kumar borah	Bulk	Sell	7.75	0.10 Cr	1,35,000	1.35
Nov 15, 2023	Sanil radheshyam kalra	Bulk	Sell	4.64	0.05 Cr	99,000	0.99
Nov 12, 2023	Naik vidya satish	Bulk	Buy	4.80	0.05 Cr	99,000	0.99
Nov 12, 2023	Satya nand tiwari	Bulk	Sell	4.81	0.06 Cr	1,20,000	1.2
Oct 03, 2023	Multiplier share & stock advi...	Bulk	Sell	6.53	0.11 Cr	1,71,000	1.71
Oct 03, 2023	Multiplier share & stock advi...	Bulk	Buy	6.20	0.08 Cr	1,23,000	1.23
Sep 28, 2023	Multiplier share & stock advi...	Bulk	Sell	7.47	0.06 Cr	75,000	0.75
Sep 28, 2023	Multiplier share & stock advi...	Bulk	Buy	6.80	0.10 Cr	1,53,000	1.53
Sep 28, 2023	Nidhi jitesh kalra	Bulk	Buy	6.96	0.07 Cr	1,05,000	1.05

Projection

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Standalone Half Yearly Results (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Sep 2020	Mar 2021	Sep 2021	Mar 2022	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025
Sales	63	76	41	10	1.30	0.33	0.00	14	20	27
Expenses	66	71	52	50	2.97	52	1.35	20	26	32
Interest	1.87	1.77	1.89	1.18	0.09	0.00	0.00	0.02	0.02	0.91
Operating Profit	-2.35	4.46	-10	-40	-1.67	-52	-1.35	-6.21	-6.86	-4.55
OPM %	-3.72	5.87	-24.90	-394.47	-128.46	-15,669.70	—	-43.79	-35.16	-16.67
Other Income	0.14	0.87	0.45	1.59	0.10	0.15	38	8.10	0.11	0.29
Depreciation	4.08	4.29	4.39	3.42	4.10	4.08	2.23	2.19	2.17	1.90
Profit Before Tax	-8.15	-0.72	-16	-43	-5.77	-56	35	-0.32	-8.94	-7.07
Tax %	2.82	-26.39	1.73	-0.26	3.47	14.86	0.00	9.38	0.00	0.00
Net Profit	-7.93	-0.91	-16	-43	-5.57	-47	35	-0.29	-8.94	-7.07
EPS in Rs	—	—	—	—	—	—	—	—	—	—

Standalone Profit Loss (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	127	135	141	172	149	139	52	1.62	14	47
Expenses	113	118	126	164	149	137	102	55	22	58
Operating Profit	15	17	15	7.36	0.13	2.12	-50	-53	-7.55	-11
OPM %	11.58	12.50	10.83	4.28	0.09	1.52	-97.51	-3,291.62	-53.29	-24.42
Other Income	1.52	1.70	0.59	2.08	1.70	1.02	2.05	0.24	46	0.40
Interest	5.19	4.20	2.79	2.07	2.82	3.64	3.07	0.00	0.02	0.92
Depreciation	3.91	4.00	5.32	6.46	8.28	8.37	7.80	8.18	4.42	4.07
Profit Before Tax	3.37	6.18	6.24	0.91	-9.26	-8.87	-59	-61	34	-16
Tax %	7.96	20.97	29.50	-8.62	-6.09	0.37	0.29	13.80	-0.08	0.00
Net Profit	3.10	4.89	4.40	0.99	-9.83	-8.84	-59	-53	34	-16
EPS in Rs	—	—	—	—	—	—	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Standalone Balance Sheet (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	9.59	9.59	18	18	18	18	18	18	18	10
Reserves	31	36	67	68	59	50	-9.28	-62	-18	-26
Borrowings	21	27	12	21	21	37	38	38	35	43
Other Liabilities	64	67	60	71	75	57	51	42	7.54	29
Total Liabilities	125	139	156	178	172	161	98	36	42	55
Fixed Assets	60	65	88	108	104	97	90	32	36	32
CWIP	13	15	10	1.14	0.16	1.44	0.25	0.25	0.25	9.51
Investments	0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Other Assets	52	59	58	69	68	63	7.74	3.57	6.06	14
Total Assets	125	139	156	178	172	161	98	36	42	55

Standalone Cash Flows (in ₹ Crores)

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	9.19	3.22	8.97	4.50	2.90	3.40	-2.95	0.46	-7.42	-4.64
Cash from Investing Activity	-4.06	-3.90	-23	-17	0.16	-1.22	1.60	0.07	-0.01	-2.31
Cash from Financing Activity	-4.65	1.08	17	7.82	-3.40	-1.29	-2.43	0.41	6.28	7.02
Net Cash Flow	0.49	0.40	3.64	-4.39	-0.34	0.89	-3.78	0.94	-1.15	0.07

Overview

Detailed Summary

Being originally incorporated in 1995, Innovative Tyres has evolved with acquisitions of key projects and expansions, establishing its second plant in 2003 for 2-wheeler tyre manufacturing.

In 2017, the company launched an IPO, raising Rs 28.33 Crore through the issuance of 62,97,000 equity shares, marking a financial milestone.

Innovative Tyres' strategic positioning through diverse product offerings makes it a significant player in the tyre and tube industry, supported by a network including factory outlets.

Sector

Tyres

Industry

Tyres - Medium / Small

Market Cap

104 Cr

Volatility

Low Risk

P/E Ratio

—

Industry P/E

18.5

PEG Ratio

—

P/B Ratio

—

52W High

152.40

52W Low

18.60

Sales CAGR

229.97%

-3.19%

-20.66%

10Y

-10.53%

Profit CAGR

-146.43%

—

10Y

—

ROE

TTM

98.35%

56.73%

-653.76%

10Y

-27.34%

ROCE

TTM

-45.27%

5184.00%

-82.44%

10Y

-12.26%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
MODIRUBBER	104.90	263 Cr	15.61	0.48	0.00	2.43	2.28	2.17
ETML	106.00	206 Cr	19.67	1.89	0.94	0.00	0.00	3.77
DOLFIN	180.05	181 Cr	39.13	5.05	0.00	12.91	12.12	5.99
AMEENJI	137.25	155 Cr	19.30	2.97	0.00	38.99	26.46	9.04
ITTL	104.05	104 Cr	—	0.00	0.00	98.35	-45.27	-29.03
VIAZ	71.40	96 Cr	28.79	2.13	0.00	10.44	12.80	6.79
TTIL	8.40	62 Cr	20.49	0.58	0.00	5.31	6.55	2.57