MarketFriction

Tirupati Innovar Limited

BSE 539040 · Tyres & Rubber Products
₹6.41 -1.23%
BSE close2026-10-01
Market cap₹45.7 Cr.
P/E70.4

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales0.110.000.000.000.000.000.0010.990.0048.5321.0073.20
Expenses0.050.060.070.100.060.170.1710.080.1946.5020.6276.04
Operating Profit0.06-0.06-0.07-0.10-0.06-0.17-0.170.91-0.192.030.38-2.84
OPM %54.55%8.28%4.18%1.81%-3.88%
Other Income0.000.090.32-0.110.220.230.370.001.110.000.000.39
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.000.000.000.000.000.000.000.000.000.000.000.00
Profit before tax0.060.030.25-0.210.160.060.200.910.922.030.38-2.45
Tax %0.00%0.00%0.00%14.29%31.25%33.33%20.00%25.27%25.00%25.12%26.32%-25.31%
Net Profit0.060.030.25-0.240.110.050.160.680.681.520.28-1.83
EPS in Rs0.010.000.04-0.030.020.010.020.100.100.210.04-0.26
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales197400000011143
Expenses197400000010143
Operating Profit0000-0-0-0-0-0-01-1
OPM %9%1.6%0.3%0.5%-270%62%76%4.6%-0.4%
Other Income0000-00-100012
Interest000000000000
Depreciation000000000000
Profit before tax0000-0-0-100011
Tax %33%33%0%0%0%0%0%0%25%26%25%
Net Profit0000-0-0-100011
EPS in Rs0.040.100.010.00-0.33-0.17-0.700.160.030.010.140.09
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth32%%%1199%
Compounded Profit Growth21%49%43%-35%
Stock Price CAGR-11%7%-42%-26%
Return on Equity1%1%1%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3333333324242424
Reserves-1-1-1-1-2-2-2-229303131
Borrowings000000000055
Other Liabilities037600000010149
Total Liabilities25992211545470210
Fixed Assets000000000000
CWIP000000000000
Investments111111000000
Other Assets24981111545470210
Total Assets25992211545470210
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity00-00-00-10-00-4-1
Cash from Investing Activity00-0000100000
Cash from Financing Activity00000-00-00-051
Net Cash Flow00-00000-00-00-0
Free Cash Flow00-00-00-10-00-4-1
CFO/OP83%0%-1,100%0%159%-65%558%-80%414%-7%-914%100%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3271363986144,453418389
Inventory Days220151931000
Days Payable0113366552
Cash Conversion Cycle5483951934,453418389
Working Capital Days54243741245,1101,971155
ROCE %3%7%0%0%-14%-9%-8%14%1%0%2%1%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
DIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.41%
Public100.00%100.01%99.99%100.00%100.00%100.00%100.00%100.01%100.00%100.01%100.01%99.60%
No. of Shareholders8,0789,3549,88812,92547,34744,62944,63345,99945,58145,04644,09043,458

Fundamentals

Market Cap₹ 45.7 Cr.
Current Price₹ 6.45
Stock P/E70.4
Book Value₹ 7.85
ROCE1.44 %
ROE1.17 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1199%
Compounded Profit Growth (TTM)-35%
Standalone figures.
Valuation
Market capRs 45 Cr
Enterprise valueRs 50 Cr
P/E (TTM)69.90x
Price to book0.82x
Price to sales0.32x
EV / EBITDA57.38x
EV / EBIT57.38x
EV / sales0.35x
Earnings yield1.43%
P/E, 3-year average913.04x
P/B, 3-year average1.68x
P/E, 5-year average537.22x
P/B, 5-year average1.52x
Profitability
Operating margin (excl. other income)-0.44%
Operating margin (incl. other income)0.61%
EBITDA margin0.62%
Pre-tax margin0.62%
Net profit margin0.46%
Net margin, latest quarter-2.50%
ROE1.18%
ROCE1.44%
ROA0.47%
ROE, 3-year average1.06%
ROCE, 3-year average1.34%
ROA, 3-year average0.75%
ROE, 5-year average3.67%
ROCE, 5-year average3.70%
ROA, 5-year average3.23%
ROIC (approx.)1.08%
Tax rate25.29%
Other income / net worth2.70%
Growth
Sales growth (latest year)1198.73%
Profit growth (latest year)-35.00%
Profit CAGR, 3 years43.49%
Sales growth QoQ248.57%
Profit growth QoQ-753.57%
Sales growth YoY (latest quarter)566.06%
Profit growth YoY (latest quarter)-369.12%
Per share
EPS (TTM)Rs 0.09
EPS (latest quarter)Rs -0.26
EPS, 3-year averageRs 0.22
EPS, 5-year averageRs 0.25
Book value per shareRs 7.85
Sales per shareRs 20.14
Cash flow per shareRs -0.09
Free cash flow per shareRs -0.14
Efficiency
Asset turnover0.68x
Debtor days389 days
Debtors turnover0.94x
Creditor days552 days
Cash conversion cycle389 days
Working capital days155 days
Leverage
Total debtRs 5 Cr
Cash and bankRs 0 Cr
Net debtRs 5 Cr
Debt to equity0.09x
Net debt / EBITDA5.75x
Owners' fund to total sources26.56%
Debt to assets2.46%
Cash flow
Cash from Operating Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 1 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -0 Cr
Cash from ops / profit, 5 years-2.50x
Statement figures
Net sales (TTM)Rs 143 Cr
Net sales (latest year)Rs 143 Cr
Sales (latest quarter)Rs 73 Cr
Operating profit excl. other income (latest year)Rs -1 Cr
Operating profit (latest quarter)Rs -3 Cr
Other income (TTM)Rs 2 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Tax (latest year)Rs 0 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Net profit (latest quarter)Rs -2 Cr
Cost of goods sold (latest year)Rs 139 Cr
Total expenditure (latest year)Rs 143 Cr
Total income (latest year)Rs 144 Cr
Share capitalRs 24 Cr
ReservesRs 31 Cr
Shareholders' fundsRs 56 Cr
Total assetsRs 210 Cr
ReceivablesRs 152 Cr
Other liabilitiesRs 149 Cr
Shares outstanding (crore)7.09
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.82 is at the 4th percentile (median 7.83).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period539040Nifty 50Difference
1 week+0.9%-2.8% +3.7 pts
1 month+2.4%-6.8% +9.2 pts
3 months-31.9%-7.6% -24.3 pts
3 years-80.4%+14.2% -94.6 pts
5 years+33.8%+27.9% +5.9 pts

Red flags

F-score 4 of 8
explainWeak cash conversion Cash from operations was -291% of net profit over the last 3 years
lookProfit leans on other income Other income was 172% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Mar 2026
Sales ₹73 Cr +566.1% vs Mar 2025. Net loss ₹2 Cr.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Tirupati Innovar Limited?

Tirupati Innovar Limited (539040) has a market capitalisation of Rs 45.7 Cr. at the 2026-10-01 close.

What is the P/E ratio of Tirupati Innovar Limited?

Tirupati Innovar Limited trades at a P/E of 70.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Tirupati Innovar Limited's latest quarterly results?

In the Mar 2026 quarter, Tirupati Innovar Limited sales was Rs 73 Cr (+566.1% vs Mar 2025) with a net loss of Rs 2 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03