---
title: "Innovative Tyres & Tubes Ltd (ITTL) — Share Price, Financials & Analysis"
symbol: "ITTL"
company: "Innovative Tyres & Tubes Ltd"
canonical: "https://tapetide.com/stocks/ITTL"
isin: "INE070Y01023"
nse_symbol: "ITTL"
sector: "Automobiles"
industry: "Tyres"
market_cap_cr: 65.45
generated_at: "2026-09-13T19:24:26.018Z"
---

# Innovative Tyres & Tubes Ltd (ITTL)

Canonical page: https://tapetide.com/stocks/ITTL

## Company

- **NSE Symbol:** ITTL
- **ISIN:** INE070Y01023
- **Sector:** Automobiles
- **Industry:** Tyres
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-12-02
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** innovativetyres.com

## About

Incorporated in 1995, Innovative Tyres
 and Tubes Ltd manufactures and sells 
 Tyres & Tubes[1]

## Latest Price

- **Price:** ₹65.45
- **Change:** 0 (0%)
- **Open:** ₹65.45
- **Day High:** ₹65.45
- **Day Low:** ₹65.45
- **Previous Close:** ₹65.45
- **Volume:** 0
- **As Of:** 2026-09-11T10:01:43+00:00

## Key Fundamentals

Observed at 2026-09-11T04:38:28.725064Z.

- **Market Cap:** ₹65.45 Cr
- **Classification:** SME
- **P/E (reported):** -34.3
- **Book Value:** ₹-25.48
- **Price to Book:** -2.57
- **Dividend Yield:** 0%
- **ROE:** 9.4%
- **ROCE:** 0.79%
- **Debt to Equity:** 0
- **Revenue (yearly):** ₹86.2 Cr
- **Net Income:** ₹-1.9 Cr
- **EBITDA:** ₹4 Cr
- **52-Week High:** ₹129.1
- **52-Week Low:** ₹64.2
- **RSI (14):** 31.61

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | 284.91% | 215.63% | 390.85% |
| ebitda margin growth | -120.08% | 61.72% | -105.21% |
| net income growth | -88.13% | 25% | 12% |
| revenue growth | 82.63% | 275% | -9% |
| roce | -101.31% | -99.58% | -11.9% |
| roe | -90.44% | — | -101.39% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 65.66 | 63.23 | 75.94 | 41.44 | 10.13 | 1.3 | 0.33 | 0 | 14.18 | 19.51 | 27.29 | 47.28 |
| Expenses | 66.27 | 65.57 | 71.47 | 51.76 | 50.09 | 2.97 | 52.04 | 1.35 | 20.39 | 26.38 | 31.84 | 44.67 |
| Operating Profit | -0.61 | -2.34 | 4.47 | -10.32 | -39.96 | -1.67 | -51.71 | -1.35 | -6.21 | -6.87 | -4.55 | 2.61 |
| OPM % | -0.93 | -3.7 | 5.89 | -24.9 | -394.47 | -128.46 | -15669.7 | — | -43.79 | -35.21 | -16.67 | 5.52 |
| Other Income | 0.4 | 0.14 | 0.87 | 0.45 | 1.59 | 0.1 | 0.15 | 38.37 | 8.1 | 0.11 | 0.29 | 0.19 |
| Interest | 1.32 | 1.87 | 1.77 | 1.89 | 1.18 | 0.09 | 0 | 0 | 0.02 | 0.02 | 0.91 | 0.87 |
| Depreciation | 4.3 | 4.08 | 4.29 | 4.39 | 3.42 | 4.1 | 4.08 | 2.23 | 2.19 | 2.17 | 1.9 | 1.96 |
| Profit before tax | -5.83 | -8.15 | -0.72 | -16.15 | -42.97 | -5.76 | -55.64 | 34.79 | -0.32 | -8.95 | -7.07 | -0.03 |
| Tax % | 3.6 | -2.82 | 26.39 | -1.73 | 0.26 | -3.47 | -14.86 | 0 | -9.38 | 0 | 0 | 433.33 |
| Net Profit | -6.04 | -7.93 | -0.91 | -15.86 | -43.08 | -5.57 | -47.37 | 34.79 | -0.29 | -8.94 | -7.07 | -0.17 |
| EPS in Rs | -3.36 | -4.41 | -0.51 | -8.82 | -23.94 | -3.1 | -26.33 | 19.34 | -0.16 | -8.94 | -7.07 | -0.17 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 130.84 | 139.51 | 171.79 | 148.86 | 139.17 | 51.37 | 1.62 | 14.18 | 46.79 | 85.38 |
| Expenses | 118.09 | 125.69 | 164.43 | 148.73 | 137.05 | 101.66 | 55 | 21.73 | 58.16 | 82.06 |
| Operating Profit | 12.75 | 13.82 | 7.36 | 0.13 | 2.12 | -50.29 | -53.38 | -7.55 | -11.37 | 3.32 |
| OPM % | 9.74 | 9.91 | 4.28 | 0.09 | 1.52 | -97.9 | -3295.06 | -53.24 | -24.3 | 3.89 |
| Other Income | 1.63 | 0.53 | 2.08 | 1.7 | 1.02 | 2.05 | 0.24 | 46.47 | 0.4 | 0.84 |
| Interest | 4.2 | 2.79 | 2.07 | 2.82 | 3.64 | 3.07 | 0.09 | 0.03 | 0.98 | 2.04 |
| Depreciation | 4 | 5.32 | 6.46 | 8.28 | 8.37 | 7.8 | 8.18 | 4.42 | 4.07 | 3.89 |
| Profit before tax | 6.18 | 6.24 | 0.91 | -9.27 | -8.87 | -59.11 | -61.41 | 34.47 | -16.02 | -1.77 |
| Tax % | 20.87 | 29.65 | -8.79 | 6.04 | -0.34 | -0.29 | -13.79 | -0.09 | 0 | 7.34 |
| Net Profit | 4.89 | 4.4 | 0.99 | -9.83 | -8.84 | -58.94 | -52.94 | 34.5 | -16.02 | -1.91 |
| EPS in Rs | 5.1 | 2.45 | 0.55 | -5.46 | -4.91 | -32.76 | -29.42 | 19.18 | -16.02 | -1.91 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 9.59 | 17.99 | 17.99 | 17.99 | 17.99 | 17.99 | 17.99 | 17.99 | 10 | 10 |
| Reserves | 35.95 | 67.34 | 68.33 | 58.5 | 49.66 | -9.28 | -62.21 | -18.22 | -26.29 | -30.29 |
| Borrowings | 27.56 | 12.57 | 22.47 | 21.88 | 36.97 | 37.6 | 38.01 | 34.81 | 42.8 | 43.35 |
| Other Liabilities | 66.11 | 58.58 | 69.32 | 74 | 56.85 | 51.3 | 42.25 | 7.55 | 28.64 | 38.34 |
| Total Liabilities | 139.21 | 156.48 | 178.11 | 172.37 | 161.47 | 97.61 | 36.04 | 42.13 | 55.15 | 61.4 |
| Fixed Assets | 65.18 | 88.35 | 108.16 | 104.45 | 96.87 | 89.61 | 32.2 | 35.81 | 31.76 | 40.42 |
| CWIP | 15.3 | 10.06 | 1.14 | 0.16 | 1.44 | 0.25 | 0.25 | 0.25 | 9.51 | 0.06 |
| Investments | 0 | 0 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Other Assets | 58.73 | 58.07 | 68.8 | 67.75 | 63.15 | 7.74 | 3.58 | 6.06 | 13.87 | 20.91 |
| Total Assets | 139.21 | 156.48 | 178.11 | 172.37 | 161.47 | 97.61 | 36.04 | 42.13 | 55.15 | 61.4 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 3.22 | 8.97 | 4.5 | 2.9 | 3.4 | -2.95 | 0.46 | -7.42 | -4.64 | 8.58 |
| Cash from Investing Activity | -3.9 | -22.8 | -16.71 | 0.16 | -1.22 | 1.6 | 0.07 | -0.01 | -2.31 | -7.28 |
| Cash from Financing Activity | 1.08 | 17.48 | 7.82 | -3.4 | -1.29 | -2.43 | 0.41 | 6.28 | 7.02 | -1.38 |
| Net Cash Flow | 0.4 | 3.64 | -4.39 | -0.34 | 0.89 | -3.78 | 0.94 | -1.15 | 0.07 | -0.07 |
| Free Cash Flow | -0.99 | -14.34 | -12.45 | 2.8 | 2.01 | -1.55 | 0.46 | -7.48 | -13.83 | 3.38 |
| CFO/OP | 40 | 80 | 49 | 2208 | 160 | 6 | -1 | 98 | 41 | 258 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 40.03 | 29.3 | 26.96 | 43.77 | 36.61 | 13.78 | 22.53 | 17.25 | 21.92 | 12.83 |
| Inventory Days | 147.68 | 121.64 | 119.89 | 135.73 | 142.82 | 11.54 | 0 | 80.28 | 58.11 | 72.37 |
| Days Payable | 129.7 | 93.79 | 73.39 | 91.62 | 121.12 | 137.3 | — | 157.5 | 120.16 | 173.48 |
| Cash Conversion Cycle | 58.01 | 57.15 | 73.46 | 87.87 | 58.32 | -111.98 | 22.53 | -59.98 | -40.14 | -88.29 |
| Working Capital Days | 7.81 | 21.48 | 18.53 | 13.29 | -55.34 | -532.69 | -17941.33 | -507.34 | -145.8 | -98.28 |
| ROCE % | 15.74 | 10.63 | 2.02 | -6.63 | -5.64 | -74.91 | -305.84 | -26.58 | -49.53 | 1.09 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 24.82% | 24.82% | 19.49% | 14% | 14% | 14% | 14% | 94.55% | 94.55% | 94.55% | 94.55% | 94.55% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 42.89% | 42.91% | 59.08% | 68.74% | 68.99% | 68.76% | 69.16% | 4.4% | 3.64% | 4.36% | 4.38% | 4.4% |
| Others | 32.28% | 32.27% | 21.43% | 17.26% | 17.01% | 17.24% | 16.84% | 1.05% | 1.81% | 1.09% | 1.07% | 1.05% |
| No. of Shareholders | 1016 | 1020 | 1438 | 1735 | 1767 | 1795 | 1981 | 2033 | 2042 | 2045 | 2088 | 2089 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 5 / 11

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 65.34 | Buy |
| EMA (10) | 65.83 | Sell |
| SMA (20) | 67.66 | Sell |
| EMA (20) | 67.92 | Sell |
| SMA (50) | 75.43 | Sell |
| EMA (50) | 73.93 | Sell |
| SMA (100) | 79.23 | Sell |
| EMA (100) | 79.63 | Sell |
| SMA (200) | 91.58 | Sell |
| EMA (200) | 80.71 | Sell |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 32.87 | Neutral |
| MACD (12,26,9) | -3.12 | Buy |
| Stochastic (14,3,3) | 22.96 | Neutral |
| ADX (14) | 38.14 | Buy |
| Williams %R (14) | -75.25 | Neutral |
| ATR (14) | 0.93 | Neutral |
| ROC (12) | -5.49 | Sell |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 32.28 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 Jul - NSE reply clarifies FY26 results, XBRL corrections, and audit qualifications. | [Reply to Clarification- Financial results 9 Jul - NSE reply clarifies FY26 results, XBRL corrections, and audit qualifications.](https://nsearchives.nseindia.com/corporate/ITTL_08072026115906_NSEreplytothemail3726.pdf) |
| 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.](https://nsearchives.nseindia.com/corporate/ITTL_07042026232852_745certificate.pdf) |
| 5 February 2026 - Unaudited H1 results (Sep 30, 2025): loss Rs174.14L; negative net worth Rs2,012.74L; cost auditor resigned; tubes sale Rs703L. | [Reply to Clarification- Financial results 5 February 2026 - Unaudited H1 results (Sep 30, 2025): loss Rs174.14L; negative net worth Rs2,012.74L; cost auditor resigned; tubes sale Rs703L.](https://nsearchives.nseindia.com/corporate/ITTL_24122025143237_CLARIFICATIONWITHRESULTS23122025.pdf) |
| 4 Sep - Company published AGM newspaper advertisement; 31st AGM on 28 September 2026 via VC/OAVM. | [Copy of Newspaper Publication 4 Sep - Company published AGM newspaper advertisement; 31st AGM on 28 September 2026 via VC/OAVM.](https://nsearchives.nseindia.com/corporate/ITTL_04092026111148_Submission_of_Newspaper_Advertisement.pdf) |
| 4 March 2026 - Company Secretary Shweta Pankaj Sharma resigned; resignation dated 03-03-2026; last working day 22 March 2026. | [Updates 4 March 2026 - Company Secretary Shweta Pankaj Sharma resigned; resignation dated 03-03-2026; last working day 22 March 2026.](https://nsearchives.nseindia.com/corporate/ITTL_04032026222635_IntimationwithResignation.pdf) |
| 4 March 2026 - Company Secretary Shweta Pankaj Sharma resigned effective 22 March 2026; resignation dated 03-03-2026. | [Change in Company Secretary/Compliance Officer 4 March 2026 - Company Secretary Shweta Pankaj Sharma resigned effective 22 March 2026; resignation dated 03-03-2026.](https://nsearchives.nseindia.com/corporate/ITTL_04032026222230_IntimationwithResignation.pdf) |
| 31 Aug - Company received GST show-cause notice alleging undervalued tyre sales; possible tax, interest and penalty liability. | [Action(s) initiated or orders passed 31 Aug - Company received GST show-cause notice alleging undervalued tyre sales; possible tax, interest and penalty liability.](https://nsearchives.nseindia.com/corporate/ITTL_31082026153115_Intimation_for_GST_Notice.pdf) |
| 30 May 2026 - FY2026 audited results show qualified opinion; Tube Division discontinued, with MSMED, export, advance and MPS non-compliances. | [Updates 30 May 2026 - FY2026 audited results show qualified opinion; Tube Division discontinued, with MSMED, export, advance and MPS non-compliances.](https://nsearchives.nseindia.com/corporate/ITTL_30052026235422_LR_Report_March_26_Signed.pdf) |
| 30 May 2026 - Board approved FY26 audited results; appointed Kamlesh Joshi independent director and Sneh Chauhan audit committee chair. | [Updates 30 May 2026 - Board approved FY26 audited results; appointed Kamlesh Joshi independent director and Sneh Chauhan audit committee chair.](https://nsearchives.nseindia.com/corporate/ITTL_30052026224125_FINALOUTCOME30052026.pdf) |
| 3 Sep - 31st AGM on 28 Sep 2026; annual report filed, director regularization and related-party approvals proposed. | [Shareholders meeting 3 Sep - 31st AGM on 28 Sep 2026; annual report filed, director regularization and related-party approvals proposed.](https://nsearchives.nseindia.com/corporate/ITTL_03092026191108_Submission_of_AGM_Notice_with_Annual_Report.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31298_ITTL_2025_2026_A_13257007_03092026193752.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_29127_ITTL_2024_2025_A_12848649_18092025233309.pdf) |
| from nse | [Annual Report 2023 from nse](https://archives.nseindia.com/annual_reports/SME_AR_23977_INNOVATIVE_2022_2023_06122023130412_12062023140000.zip) |
| from nse | [Annual Report 2022 from nse](https://archives.nseindia.com/annual_reports/SME_AR_21172_INNOVATIVE_2021_2022_03092022104814_09032022110016.zip) |
| from nse | [Annual Report 2021 from nse](https://archives.nseindia.com/annual_reports/SME_AR_19547_INNOVATIVE_2020_2021_06092021222753_09062021230014.zip) |
| from nse | [Annual Report 2020 from nse](https://archives.nseindia.com/annual_reports/SME_AR_17709_INNOVATIVE_2019_2020_24092020173048_24092020180001.zip) |
| from nse | [Annual Report 2019 from nse](https://archives.nseindia.com/annual_reports/SME_AR_16118_INNOVATIVE_2018_2019_30092019232359_01102019070003.zip) |
| from nse | [Annual Report 2018 from nse](https://archives.nseindia.com/annual_reports/SME_AR_13484_INNOVATIVE_2017_2018_20092018121000.zip) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:24:26.018Z.