Innovative Tyres

Why is Innovative Tyres & Tubes Ltd falling/rising?

As of 18-Jul, the stock price of Innovative Tyres & Tubes Ltd is at 70.65, unchanged from the previous day. The stock has declined 3.88% over the past week and 6.36% over the past month, with a year-to-date drop of 22.70%, indicating a bearish trend and reduced investor interest.

As of 18-Jul, the stock price of Innovative Tyres & Tubes Ltd is currently at 70.65, showing no change from the previous day. However, the stock has experienced a decline over various periods, with a 1-week drop of 3.88% and a 1-month decrease of 6.36%. Year-to-date, the stock has fallen by 22.70, significantly underperforming the Sensex, which has only declined by 6.87% during the same timeframe.<BR><BR>Despite today's performance indicating that the stock has outperformed its sector by 2.28%, it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests a bearish trend in the stock's price movement. Additionally, there has been a notable decrease in investor participation, with delivery volume on July 16 falling by 16.67% compared to the 5-day average, indicating reduced interest from investors.<BR><BR>Overall, the combination of declining stock performance over multiple periods, trading below moving averages, and falling investor participation contributes to the perception that Innovative Tyres & Tubes Ltd is experiencing a downward trend in its stock price.

Which are the latest news on Innovative Tyres?

What does Innovative Tyres do?

Innovative Tyres & Tubes Ltd manufactures automotive tyres and tubes and is categorized as a Micro Cap company with a market cap of INR 77 Cr. It was incorporated in 1995 and currently has no available revenue or profit data.

Overview: <BR>Innovative Tyres & Tubes Ltd is engaged in the manufacturing and processing of automotive tyres and tubes, operating within the Tyres & Allied industry and categorized as a Micro Cap company.<BR><BR>History: <BR>The company was incorporated as a Public Limited Company on 28th November 1995 in Mumbai, Maharashtra. It received the Certificate of Commencement of Business on February 08, 1996. Revenue and profit data for the latest quarter are not available.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: N/A <BR>Most recent Net Profit: N/A <BR>Market-cap value: INR 77 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 19 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -2.13 <BR>Return on Equity: 9.41% <BR>Price to Book: -3.79<BR><BR>Contact Details: <BR>Address: 1201 1202 1203 GIDC Halol, Panchmahal Gujarat: 389350 <BR>Tel: 91-267-6220621 <BR>Email: investors@innovativetyres.co.in <BR>Website: http://www.innovativetyres.com

How big is Innovative Tyres?

As of 10th June, Innovative Tyres & Tubes Ltd has a market capitalization of 77.00 Cr, classifying it as a Micro Cap company, with no valid data available for recent Net Sales or Net Profit. The balance sheet as of March 2025 shows Shareholder's Funds at a loss of 16.29 Cr and Total Assets valued at 55.12 Cr.

As of 10th June, <BR><BR>Market Cap: Innovative Tyres & Tubes Ltd has a market capitalization of 77.00 Cr, classifying it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: There is no valid data available for Net Sales or Net Profit for the latest four quarters.<BR><BR>Balance Sheet Snapshot: The reporting period is March 2025, with Shareholder's Funds at a loss of 16.29 Cr and Total Assets valued at 55.12 Cr.

Who are in the management team of Innovative Tyres?

The management team of Innovative Tyres includes Mukesh Gunvantrai Desai (Chairman), Keyoor Bakshi (Independent Director), Kalpana Joshipura (Independent Director), and Arvind Ramkishore Tambi (Company Secretary & Compliance Officer).

The management team of Innovative Tyres includes the following members:<BR><BR>1. Mukesh Gunvantrai Desai - Chairman (Non-Executive)<BR>2. Keyoor Bakshi - Independent Director<BR>3. Kalpana Joshipura - Independent Director<BR>4. Arvind Ramkishore Tambi - Company Secretary & Compliance Officer<BR><BR>If you need more details about their roles or the company, feel free to ask!

Who are the peers of the Innovative Tyres?

Peers of Innovative Tyres include MRF, Balkrishna Inds, Apollo Tyres, CEAT, JK Tyre & Indust, TVS Srichakra, Goodyear India, PTL Enterprises, and Tolins Tyres. Innovative Tyres has below-average growth and does not qualify in management or capital structure ratings compared to its peers.

Peers: The peers of Innovative Tyres are MRF, Balkrishna Inds, Apollo Tyres, CEAT, JK Tyre & Indust, TVS Srichakra, Goodyear India, PTL Enterprises, Tolins Tyres.<BR><BR>Quality Snapshot: Excellent management risk is observed at MRF, Balkrishna Inds, Goodyear India, and CEAT, while Average management risk is found at Apollo Tyres, TVS Srichakra, and PTL Enterprises, and the rest. Good management risk is noted at JK Tyre & Indust, while Innovative Tyres does not qualify. Growth ratings show Good growth at MRF, Apollo Tyres, and CEAT, while Average growth is found at JK Tyre & Indust, and the rest. Below Average growth is observed at Balkrishna Inds, TVS Srichakra, Goodyear India, PTL Enterprises, Tolins Tyres, and Innovative Tyres does not qualify. Capital Structure is Excellent at MRF, Balkrishna Inds, Goodyear India, PTL Enterprises, and Tolins Tyres, while Good capital structure is noted at Apollo Tyres, Average at CEAT, and Below Average at JK Tyre & Indust, TVS Srichakra, and Innovative Tyres does not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is TVS Srichakra at 32.14%, while the lowest is Tolins Tyres at -39.56%. Innovative Tyres' 1-year return is not available for comparison. Additionally, several peers, including JK Tyre & Indust, Apollo Tyres, CEAT, Balkrishna Inds, and Tolins Tyres, have negative six-month returns.

When is the next results date for Innovative Tyres?

No Upcoming Board Meetings

Has Innovative Tyres declared dividend?

No Dividend History Available

Who are the top shareholders of the Innovative Tyres?

The top shareholders of Innovative Tyres are Pradeep Ravichandra Kothari with 9.42%, and Maxim Gold Development Limited with 9.1%. Individual investors collectively own 69.16% of the shares, with no mutual funds or foreign institutional investors involved.

The top shareholders of Innovative Tyres include Pradeep Ravichandra Kothari, who holds the highest stake among promoters at 9.42%. The highest public shareholder is Maxim Gold Development Limited, with a holding of 9.1%. Additionally, individual investors collectively hold 69.16% of the shares. It's also noteworthy that the majority shareholders are non-institutional, and there are no mutual funds or foreign institutional investors currently holding shares in the company.