Stock INNOVATIVE INNOVATIVE TYRES & TUBES LIMITED
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Financials Innovative Tyres & Tubes Limited

Equities

INNOVATIVE

INE070Y01015

Tires & Rubber Products

Market Closed - NSE India S.E.
Other stock markets
 12:43:48 10/05/2024 BST 		5-day change 1st Jan Change
6.65 INR +4.72% Intraday chart for Innovative Tyres & Tubes Limited -0.75% -1.48%
04-18 Innovative Tyres & Tubes Limited Receives Tax Ascertainment Communication from Gst Dept CI
2023 Innovative Tyres & Tubes Limited Reports Earnings Results for the Half Year Ended September 30, 2023 CI

Valuation

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Capitalization 1 692.7 445.3 113.3 152.9 99.85 42.28
Enterprise Value (EV) 1 739.3 634.8 300.4 354.5 472.9 410
P/E ratio 13.1 x 45 x -1.15 x -1.73 x -0.17 x -0.08 x
Yield - - - - - -
Capitalization / Revenue 0.5 x 0.26 x 0.08 x 0.11 x 0.19 x 2.6 x
EV / Revenue 0.53 x 0.37 x 0.2 x 0.25 x 0.92 x 25.2 x
EV / EBITDA 5.33 x 8.63 x 223 x 16.4 x -0.97 x -10.3 x
EV / FCF -5.48 x -2.46 x 8.94 x 31 x 2.67 x 8.5 x
FCF Yield -18.2% -40.7% 11.2% 3.23% 37.4% 11.8%
Price to Book 0.81 x 0.52 x 0.15 x 0.23 x 1.15 x -0.1 x
Nbr of stocks (in thousands) 17,992 17,992 17,992 17,992 17,992 17,992
Reference price 2 38.50 24.75 6.300 8.500 5.550 2.350
Announcement Date 04/08/18 05/09/19 31/08/20 04/09/21 02/09/22 11/12/23
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net sales 1 1,395 1,718 1,489 1,392 515.7 16.24
EBITDA 1 138.8 73.57 1.344 21.68 -489.4 -39.87
EBIT 1 85.6 9.019 -81.42 -62.03 -567.5 -121.7
Operating Margin 6.14% 0.53% -5.47% -4.46% -110.04% -749.21%
Earnings before Tax (EBT) 1 62.39 9.126 -92.63 -88.74 -591.1 -614.1
Net income 1 43.98 9.912 -98.27 -88.41 -589.4 -529.4
Net margin 3.15% 0.58% -6.6% -6.35% -114.29% -3,258.83%
EPS 2 2.940 0.5500 -5.462 -4.914 -32.76 -29.42
Free Cash Flow 1 -134.9 -258.5 33.59 11.44 177 48.26
FCF margin -9.67% -15.05% 2.26% 0.82% 34.31% 297.1%
FCF Conversion (EBITDA) - - 2,498.95% 52.78% - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 04/08/18 05/09/19 31/08/20 04/09/21 02/09/22 11/12/23
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2018 2019 2020 2021 2022 2023
Net Debt 1 46.6 189 187 202 373 368
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.3359 x 2.575 x 139.1 x 9.298 x -0.7622 x -9.223 x
Free Cash Flow 1 -135 -259 33.6 11.4 177 48.3
ROE (net income / shareholders' equity) 6.36% 1.15% -12.1% -12.3% -154% 298%
ROA (Net income/ Total Assets) 3.62% 0.34% -2.9% -2.32% -27.4% -11.4%
Assets 1 1,216 2,942 3,384 3,807 2,153 4,651
Book Value Per Share 2 47.40 48.00 42.50 37.60 4.840 -24.60
Cash Flow per Share 2 4.400 1.960 1.770 2.270 0.1600 0.6900
Capex 1 234 186 14.1 23.8 2.59 -
Capex / Sales 16.75% 10.82% 0.95% 1.71% 0.5% -
Announcement Date 04/08/18 05/09/19 31/08/20 04/09/21 02/09/22 11/12/23
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Tire & Tube Manufacturers

1st Jan change Capi.
INNOVATIVE TYRES & TUBES LIMITED Stock Innovative Tyres & Tubes Limited
-1.48% 1.43M
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+44.36% 3.14B
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