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Tirupati Innovar Overview

Tirupati Tyres Limited (TTL) is a tyre manufacturer with a range of products catering to diverse business segments in the automobile industry. TTL was incorporated in 1988 by United Steel Allied Industries, K Suryanarayana and their associates. TTL has a production facility near Hyderabad city, India, with an annual capacity of 60,000 metric tons. Some of the major clients of TTL are Maruti Suzuki, Tata Motors, Mahindra & Mahindra, Hyundai, Honda, Toyota, Ford, Volkswagen, and Renault. TTL’s promotors hold 51.78% of the total shareholdin...Read More

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Tirupati Innovar Key Financials

Market Cap ₹86 Cr.

Stock P/E 86.5

P/B 0.8

Current Price ₹12.2

Book Value ₹ 14.7

Face Value 10

52W High ₹12.2

Dividend Yield 0%

52W Low ₹ 5.1

Tirupati Innovar Share Price

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Volume
Price

Tirupati Innovar Quarterly Price

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Tirupati Innovar Peer Comparison

Tirupati Innovar Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 0 0 0 0 0 11 0 49 21
Other Income 0 0 -0 0 0 0 0 1 0 0
Total Income 0 0 -0 0 0 0 11 1 49 21
Total Expenditure 0 0 0 0 0 0 10 0 47 21
Operating Profit 0 0 -0 0 0 0 1 1 2 0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 -0 0 0 0 1 1 2 0
Provision for Tax 0 0 0 0 0 0 0 0 1 0
Profit After Tax 0 0 -0 0 0 0 1 1 2 0
Adjustments 0 0 0 -0 0 0 0 -0 0 0
Profit After Adjustments 0 0 -0 0 0 0 1 1 2 0
Adjusted Earnings Per Share 0 0.1 -0.1 0 0 0.1 0.3 0.3 0.6 0.1

Tirupati Innovar Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1 9 7 4 0 0 0 0 0 0 11 81
Other Income 0 0 0 0 0 0 0 0 0 0 1 1
Total Income 1 9 7 4 0 0 0 0 0 0 12 82
Total Expenditure 1 9 7 4 0 0 1 0 0 0 10 78
Operating Profit 0 0 0 0 -0 -0 -1 0 0 0 1 4
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 -0 -0 -0 -1 0 0 0 1 4
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 1
Profit After Tax 0 0 0 -0 -0 -0 -1 0 0 0 1 4
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 0 0 0 -0 -0 -0 -1 0 0 0 1 4
Adjusted Earnings Per Share 0.1 0.3 0 -0 -0.9 -0.5 -1.9 0.4 0.1 0 0.4 1.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 0% 0% 27%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 8% -34% 36% -9%
ROE Average 2% 1% -7% -5%
ROCE Average 2% 1% -6% -4%

Tirupati Innovar Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 2 2 2 2 2 2 1 1 54 54 55
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 5
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 0 3 7 6 0 0 0 0 0 0 10
Total Liabilities 2 5 9 9 2 2 1 1 54 54 70
Fixed Assets 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 1 1 1 0 0 0 0 0 0 0 0
Total Current Assets 1 4 9 9 2 2 1 1 54 54 70
Total Assets 2 5 9 9 2 2 1 1 54 54 70

Tirupati Innovar Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 0
Cash Flow from Operating Activities 0 -0 -0 -0 -1 0 -1 0 -0 0 -4
Cash Flow from Investing Activities 0 0 -0 0 0 0 1 0 0 0 0
Cash Flow from Financing Activities -0 0 0 0 0 -0 0 -0 0 -0 5
Net Cash Inflow / Outflow 0 0 -0 -0 0 0 0 -0 0 -0 0
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 0 0

Tirupati Innovar Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.1 0.29 0.03 -0 -0.92 -0.47 -1.94 0.44 0.08 0.03 0.39
CEPS(Rs) 0.12 0.29 0.05 0.06 -0.85 -0.47 -1.94 0.44 0.09 0.04 0.39
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 5.93 6.22 6.25 6.24 5.33 4.85 2.91 3.35 21.23 21.27 21.66
Core EBITDA Margin(%) 8.38 1.63 0.22 0.49 -304.58 0 0 0 0 0 4.69
EBIT Margin(%) 8 1.63 0.15 0.02 -327.99 0 0 0 0 0 12.12
Pre Tax Margin(%) 8 1.63 0.14 -0.03 -328.23 0 0 0 0 0 12.12
PAT Margin (%) 5.53 1.12 0.14 -0.03 -328.23 0 0 0 0 0 9.06
Cash Profit Margin (%) 5.91 1.12 0.21 0.44 -304.82 0 0 0 0 0 9.06
ROA(%) 1.76 2.86 0.14 -0.02 -6.09 -8.86 -47.15 12.9 0.78 0.16 1.61
ROE(%) 1.77 4.72 0.46 -0.07 -15.84 -9.28 -50.06 14.05 0.78 0.16 1.83
ROCE(%) 2.57 6.83 0.48 0.03 -15.48 -8.97 -48.19 13.6 0.78 0.24 2.34
Receivable days 276.8 80.43 284.5 634.58 0 0 0 0 0 0 231.11
Inventory Days 179.95 14.54 18.77 30.54 0 0 0 0 0 0 0
Payable days 0 112.99 254.82 581.62 0 0 0 0 0 0 183.34
PER(x) 512.63 111.32 360.52 0 0 0 0 11.42 331.02 1911.05 19.71
Price/Book(x) 9.02 5.13 1.66 0.67 0.43 0.09 0.81 1.5 1.32 3.13 0.36
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 29.43 1.3 0.53 0.35 9.34 0 0 0 0 0 2.26
EV/Core EBITDA(x) 351.08 79.72 243.46 71.58 -3.07 -0.78 -1.34 11.51 344.29 1374.78 18.66
Net Sales Growth(%) 60.1 1250.28 -20.36 -39.37 -97.73 -100 0 0 0 0 0
EBIT Growth(%) 245.68 174.59 -92.73 -93.77 0 48.86 -314.99 122.96 34.9 -40.59 941.67
PAT Growth(%) 256.51 174.67 -89.97 -114.66 0 48.47 -311.53 122.63 36.87 -58.94 1026.47
EPS Growth(%) 256.58 174.64 -89.97 -114.66 0 48.46 -311.52 122.63 -80.71 -58.95 1026.47
Debt/Equity(x) 0 0 0 0 0.05 0 0.1 0 0 0 0.08
Current Ratio(x) 33.62 1.4 1.21 1.32 50.35 48.26 44.03 19.49 1523.98 876.72 6.79
Quick Ratio(x) 22.59 1.27 1.16 1.27 50.35 48.26 44.03 19.49 1523.98 876.72 6.79
Interest Cover(x) 0 0 21.38 0.31 -1372.26 -119.06 0 69.39 0 12.79 2664.6
Total Debt/Mcap(x) 0 0 0 0 0.11 0 0.12 0 0 0 0.23

Tirupati Innovar Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 0 0 0 0 0 0 0 0 0 0
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 100 100 100 100 100 100 100 100 100 100
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Tirupati Innovar News

Tirupati Innovar Pros & Cons

Pros

  • Stock is trading at 0.8 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 0%.
  • Company has a low return on equity of 1% over the last 3 years.
  • Debtor days have increased from 0 to 183.34days.
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