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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
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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
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹113 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹2.1
TTM Sales
₹83 Cr.
Book Value per Share
₹44.9
P/E Ratio
32.91
Higher than its 5-year historical median
Industry PE
22.5
Price to Book (P/B)
1.54
Lower than its 5-year historical median
Price to Sales (P/S)
1.36
Lower than its 5-year historical median
EV/EBITDA
15.14
In line with 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
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
₹57 Cr.
Equity
₹16.3 Cr.
Face Value
₹10
All Time Low / High
- / -
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Strong
Is Viaz Tyres Ltd a good quality company?
Viaz Tyres Ltd is a weak quality company, based on a inconsistent 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?
Revenue growth of Viaz Tyres Ltd vs industry peers?
Viaz Tyres Ltd revenue CAGR is 23.58%, compared to the industry median CAGR of 10.08%, indicating faster growth and gaining its market share.
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.
Stock return of Viaz Tyres Ltd over the last decade?
Over the last 3 year(s), the stock has delivered a CAGR of 10.67% based on the current price.
10 Year X-Ray :
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 endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
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'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|
| 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 ⓘ | 19.9 | 29.1 | 29.2 | 45.9 | 50.4 | 57.3 | 83 |
| Sales YoY Gr. | - | 46.7% | 0.2% | 57.3% | 9.7% | 13.7% | - |
| Adj EPS ⓘ | 0.2 | 0.8 | 1.7 | 1.6 | 1.9 | 2.6 | 2.1 |
| YoY Gr. | - | 316.7% | 130.7% | -7.5% | 21.3% | 34.5% | - |
| BVPS (₹) ⓘ | 5.4 | 6.1 | 7.5 | 25.4 | 27.3 | 30.1 | 44.9 |
| Adj Net Profit ⓘ | 0.2 | 0.6 | 1.4 | 2 | 2.4 | 3.2 | 3 |
| Cash Flow from Ops. ⓘ | -10.7 | 4.5 | 2.9 | -12.6 | 3.7 | -2.7 | - |
| Debt/CF from Ops. ⓘ | -1.8 | 4.6 | 7 | -0.9 | 3.7 | -5.9 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 23.6% | 25.2% | 13.7% | ||||
| Adj EPS ⓘ | NA | 70.7% | 14.7% | 34.5% | ||||
| BVPSⓘ | NA | 41.2% | 59% | 10% | ||||
| Share Price | - | - | 11.1% | -0.4% | ||||
Key Financial Parameters ⓘ
| Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 3.4 | 13.1 | 25.5 | 10.6 | 7.4 | 9.1 | 5.6 |
| Op. Profit Mgn % ⓘ | 11.7 | 13.4 | 15.1 | 10.7 | 10.1 | 12.7 | NAN |
| Net Profit Mgn % ⓘ | 0.7 | 2.1 | 4.8 | 4.3 | 4.7 | 5.6 | 4.1 |
| Debt to Equity ⓘ | 4.4 | 4.2 | 3.3 | 0.4 | 0.4 | 0.4 | - |
| Working Cap Days ⓘ | 0 | 213 | 249 | 240 | 273 | 265 | 0 |
| Cash Conv. Cycle ⓘ | 0 | 145 | 184 | 178 | 209 | 226 | 0 |
Valuation of Viaz Tyres - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|
| Sales | 20 | 29 | 29 | 46 | 50 | 57 |
| Operating Expenses ⓘ + | 18 | 25 | 25 | 41 | 45 | 50 |
| Operating Profit ⓘ | 2 | 4 | 4 | 5 | 5 | 7 |
| Operating Profit Margin (%) | 11.7% | 13.4% | 15.1% | 10.7% | 10.1% | 12.7% |
| Other Income ⓘ + | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest ⓘ | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation ⓘ | 1 | 2 | 1 | 1 | 1 | 2 |
| Profit Before Tax ⓘ | 0 | 1 | 2 | 3 | 3 | 4 |
| Tax ⓘ | 0 | 0 | 0 | 1 | 1 | 1 |
| Profit After Tax | 0 | 1 | 1 | 2 | 2 | 3 |
| PAT Margin (%) | 0.7% | 2.1% | 4.9% | 4.4% | 4.7% | 5.8% |
| Adjusted EPS (₹) | 0.2 | 0.8 | 1.8 | 1.7 | 1.9 | 2.7 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 4 | 5 | 6 | 31 | 33 | 37 | |||||
| Debt + | 19 | 19 | 18 | 11 | 14 | 15 | |||||
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Trade Payables | 1 | 1 | 2 | 3 | 2 | 3 | |||||
| Others Liabilities ⓘ | 0 | 2 | 3 | 1 | 2 | 3 | |||||
| Total Liabilities ⓘ | 24 | 27 | 29 | 46 | 51 | 59 | |||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 9 | 8 | 8 | 7 | 12 | 11 | |||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | |||||
| Inventories | 11 | 8 | 9 | 11 | 12 | 14 | |||||
| Trade Receivables | 2 | 5 | 10 | 19 | 20 | 30 | |||||
| Cash Equivalents | 0 | 0 | 0 | 0 | 3 | 0 | |||||
| Others Assets ⓘ | 2 | 6 | 2 | 9 | 4 | 3 | |||||
| Total Assets ⓘ | 24 | 27 | 29 | 46 | 51 | 59 | |||||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | -11 | 4 | 3 | -13 | 4 | -3 |
| Cash Flow From Investing Activity ⓘ + | -8 | -1 | -1 | -0 | -2 | -1 |
| Cash Flow From Financing Activity ⓘ + | 18 | -3 | -2 | 13 | 2 | 1 |
| Net Cash Flow ⓘ | 0 | 0 | -0 | -0 | 3 | -3 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 3.35 | 13.09 | 26.26 | 10.87 | 7.35 | 9.5 | ||||
| ROCE (%) | 5.92 | 8.51 | 12.02 | 11.74 | 9.44 | 11.94 | ||||
| Asset Turnover Ratio | 0.82 | 1.13 | 1.05 | 1.23 | 1.04 | 1.04 | ||||
| PAT to CFO Conversion(x) | N/A | 4 | 3 | -6.5 | 2 | -1 | ||||
| Working Capital Days | ||||||||||
| Receivable Days | 27.90 | 39.50 | 95.40 | 118.50 | 142.70 | 161 | ||||
| Inventory Days | 211.10 | 124 | 106.20 | 79.30 | 85.30 | 83.30 | ||||
| Payable Days | 19.10 | 19.90 | 26.70 | 22.20 | 20.80 | 21.20 | ||||
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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 ₹112.8 Cr
The latest P/E ratio of Viaz Tyres as of 31-Dec-1969 is 32.91.
The latest P/B ratio of Viaz Tyres as of 31-Dec-1969 is 1.54.
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 Strong which suggest that the price of Viaz Tyres Ltd is likely to Rise 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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