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Viaz Tyres Ltd (VIAZ)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: VIAZ Tyres & Allied | Small Cap | Viaz Tyres Share Price

BSE Share Price
Not Listed

Viaz Tyres Ltd (VIAZ)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: VIAZ Tyres & Allied | Small Cap | Viaz Tyres Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹88 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹2.4
TTM Sales
₹83 Cr.
Book Value per Share
₹41.4
P/E Ratio
25.74
Lower than its 5-year historical median
Industry PE
22.6
Price to Book (P/B)
1.49
Lower than its 5-year historical median
Price to Sales (P/S)
1.06
Lower than its 5-year historical median
EV/EBITDA
12.23
Lower than its 5-year historical median
Dividend Yield
NAN%
Profitability Efficiency
Return on Equity (ROE)
9.50%
Underperforms industry median
Return on Capital Employed (ROCE)
11.94%
Underperforms industry median
Return on Assets (ROA)
6.08%
Operating Profit Margin
12.7%
Net Profit Margin
5.83%
Gross Profit Margin
11.1%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
13.68%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
43.11%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
40.93%
Asset Quality
Promoter Holding
68.66%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹45 Cr.
Equity
₹14.3 Cr.
Face Value
₹10
All Time Low / High
- / -

Viaz Tyres stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Viaz Tyres Ltd a good quality company?
Viaz Tyres Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Viaz Tyres Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Viaz Tyres Ltd vs industry peers?
Viaz Tyres Ltd revenue CAGR is 23.58%, compared to the industry median CAGR of 9.77%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Viaz Tyres Ltd?
Promoters hold 68.66% of the Viaz Tyres Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Viaz Tyres Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 6.43% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Viaz Tyres Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 5.9%8.5%12%11.7%9.4%11.9%-
Value Creation
Index
-0.6-0.4-0.1-0.2-0.3-0.2-

Growth Parameters

Sales 19.929.129.245.950.457.383
Sales YoY Gr.-46.7%0.2%57.3%9.7%13.7%-
Adj EPS 0.20.81.71.61.92.62.4
YoY Gr.-316.7%130.7%-7.5%21.3%34.5%-
BVPS (₹) 5.46.17.525.427.330.141.4
Adj Net
Profit
0.20.61.422.43.23
Cash Flow from Ops. -10.74.52.9-12.63.7-2.7-
Debt/CF from Ops. -1.84.67-0.93.7-5.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA23.6%25.2%13.7%
Adj EPS NA70.7%14.7%34.5%
BVPSNA41.2%59%10%
Share Price - - 8.1% 14.4%

Key Financial Parameters

Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.413.125.510.67.49.16.7
Op. Profit
Mgn %
11.713.415.110.710.112.7NAN
Net Profit
Mgn %
0.72.14.84.34.75.64.1
Debt to
Equity
4.44.23.30.40.40.4-
Working Cap
Days
02132492402732650
Cash Conv.
Cycle
01451841782092260

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales19.8729.1429.2045.9250.3757.26
Operating Expenses + 17.5425.2524.7841.0245.2949.99
Manufacturing Costs0.611.331.331.651.752.26
Material Costs16.1521.1821.8236.5740.6744.79
Employee Cost 0.422.020.560.941.291.46
Other Costs 0.360.711.071.861.581.48
Operating Profit 2.333.894.424.905.087.27
Operating Profit Margin (%) 11.7%13.4%15.1%10.7%10.1%12.7%
Other Income + 0.080.030.110.360.330.52
Exceptional Items 000000
Interest 1.181.431.351.281.141.47
Depreciation 1.031.851.441.271.201.86
Profit Before Tax 0.200.651.742.713.074.46
Tax 0.050.040.300.690.691.12
Profit After Tax 0.150.611.442.022.373.34
PAT Margin (%) 0.7%2.1%4.9%4.4%4.7%5.8%
Adjusted EPS (₹)0.20.81.81.71.92.7
Dividend Payout Ratio (%)0%0%0%0%0%0%

Valuation of Viaz Tyres - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 4.334.946.0331.1033.4736.81
Share Capital 4.254.254.2512.2512.2512.25
Reserves 0.080.691.7818.8521.2224.56
Debt +18.7218.9218.3310.8713.5415.41
Long Term Debt12.4610.059.792.162.140.81
Short Term Debt6.268.878.548.7111.3914.59
Minority Interest000000
Trade Payables0.841.471.722.741.903.31
Others Liabilities 0.411.812.591.251.963.37
Total Liabilities 24.3027.1328.6745.9550.8858.90

Fixed Assets

Net Fixed Assets +8.857.997.606.5111.8611.27
Gross Block9.8810.8711.9212.1118.6719.93
Accumulated Depreciation1.032.884.325.606.808.67
CWIP 000000
Investments 0.210.220000
Inventories11.498.308.6811.2612.2813.86
Trade Receivables1.524.8010.4619.3520.0330.49
Cash Equivalents 0.070.140.050.033.140.49
Others Assets 2.165.671.888.803.572.79
Total Assets 24.3027.1328.6745.9550.8858.90

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -10.664.472.85-12.573.66-2.65
PBT 0.200.651.742.713.074.46
Adjustment 2.183.262.792.532.343.33
Changes in Working Capital -13.050.57-1.41-17.06-1-10.43
Tax Paid 00-0.27-0.75-0.75-0.01
Cash Flow From Investing Activity + -7.76-0.99-1.31-0.13-2.08-0.58
Capex -7.79-1.01-1.09-0.14-2.08-0.28
Net Investments 00-0.2200-0.31
Others 0.020.0200.0200.01
Cash Flow From Financing Activity + 18.49-3.42-1.8712.681.530.59
Net Proceeds from Shares 4.240023.0500
Net Proceeds from Borrowing 10.16-2.420000
Interest Paid -1.18-1.43-1.35-1.28-1.14-1.47
Dividend Paid 000000
Others 5.260.43-0.52-9.092.672.06
Net Cash Flow 0.060.07-0.33-0.023.11-2.65

Financial Ratio

PARTICULARSMar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.3513.0926.2610.877.359.5
ROCE (%)5.928.5112.0211.749.4411.94
Asset Turnover Ratio0.821.131.051.231.041.04
PAT to CFO Conversion(x)-71.077.331.98-6.221.54-0.79
Working Capital Days
Receivable Days27.9039.5095.40118.50142.70161
Inventory Days211.10124106.2079.3085.3083.30
Payable Days19.1019.9026.7022.2020.8021.20

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Viaz Tyres Ltd FAQs

The current trading price of Viaz Tyres on 01-Jan-1970 05:30 is ₹0.00.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 31-Dec-1969 the market cap of Viaz Tyres stood at ₹88.27 Cr

The latest P/E ratio of Viaz Tyres as of 31-Dec-1969 is 25.74.

The latest P/B ratio of Viaz Tyres as of 31-Dec-1969 is 1.49.

The 52-week high of Viaz Tyres is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Viaz Tyres is ₹82.98 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Viaz Tyres Ltd is a below average quality company.

The key valuation ratios of Viaz Tyres Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Viaz Tyres Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Viaz Tyres Ltd

The company was originally incorporated as “Viaz Tubes Private Limited” as a Private Limited Company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated August 29, 2018, issued by the Registrar of Companies, Central Registration Centre. Pursuant to a special resolution passed by its Shareholders in the ExtraOrdinary General Meeting held on May 20, 2022, the name of the Company was changed to “Viaz Tyres Private Limited” and a fresh certificate of incorporation dated May 23, 2022 was issued to the Company by the Registrar of Companies, Ahmedabad. Subsequently, pursuant to a special resolution passed by the company’s Shareholders in the Extra-Ordinary General Meeting held on May 25, 2022, the company was converted from a private limited company to public limited company and consequently, the name of the company was changed to “Viaz Tyres Limited” and a fresh certificate of incorporation dated June 14, 2022 was issued to the Company by the Registrar of Companies, Ahmedabad.

The company is engaged in manufacturing of rubber tubes for bicycles, two and three wheeleres, passenger vehicles and heavy load industrial vehicles. It also deals in ancillary products like Off The Road (OTR) Tyre tubes and Animal Driven Vehicle (ADV) Tubes, Engine Oil and Grease on white labeling bases. Further, it has recently started selling bicycle tyres which it get manufactured on job work basis, depending upon the market demands. It sells rubber tubes, bicycle tyres and ancillary products under the brand names. It sells its products in domestic as well as international markets. In order to capture more market share the company is developing alternate brand.

The company has recently ventured into trading of Tyres through exclusive distributorship of Maxxis Rubbers for Turkey. It has exclusive distributorship for selling tyres in the brand name Maxxis Rubbers, for the territorial limits of Turkey. It has started the said business operations in the financial year 2022-23. The company has state-of-the-art infrastructure with latest production facility located at Nandasan near Ahmedabad, Gujarat India. Its production facility is latest and updated with employee and environment friendly measures.

Business area of the company

The company offers variety of Butyl Rubber Tubes in all sizes. Butyl rubber tubes manufactured by the company is suitable for tyre of vehicles like two-wheeler, three-wheeler, cars, jeeps, heavy commercial vehicle such as buses, trucks, tractor, ADV etc.

Products:

  • Bicycle Tube
  • Two & Three Wheelers Tubes
  • Passenger Car Tubes
  • Bicycle tyres
  • Other ancillary products

Major events

  • 2018: Incorporation of the company.
  • 2019: Change in control and management of the company.
  • 2022: Change in name of the company from ‘Viaz Tubes Private Limited’ to ‘Viaz Tyres Private Limited’.
  • 2022: Conversion of the company from Private Limited to Public Limited Company.


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