Tirupati Innovar (BSE: TIRUPATIIN) had a P/E of 24.6× on 6 Nov 2026, below the industry P/E of 25.6×, and the shares are 56% below their 52-week high. Net profit grew 45% a year over 3 years; its ROCE of 1.4% is the lowest among the 7 largest Auto Parts peers. It carries very little debt. It is a small-cap company with a market cap of ₹16 Cr, ranked 137th of 140 Auto Parts companies by market cap; the shares fell 32% over the past year.
- ₹6.23
- ₹6.24
- ₹5.77
- ₹6.12
- 38.6K
Health check
- ReturnsBehind
−31.8% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 24.6 vs industry 25.6.
- GrowthStrong
Profit +44.7% a year over 3 years.
- ProfitabilityWeak
ROCE 1.4% vs peer median 15.6%.
- Balance sheetFair
Debt 0.09× equity, Piotroski 4 of 9.
- Red flags3 to check
Return on equity is low at 1.2%.
Small cap
Defensive
Key metrics
- Market cap
- ₹16 Cr
- Small cap
- P/E
- 24.6
- Industry 25.6
- Price to book
- 0.27
- Peers 8.75
- Dividend yield
- 0.00%
- ROE
- 1.2%
- Peers 12.3%
- ROCE
- 1.4%
- Peers 15.6%
- Debt to equity
- 0.09
- Debt ₹5.15 Cr
- EPS (TTM)
- ₹0.25
- OPM (TTM)
- −3.3%
- Net margin 0.5%
- Sales growth
- +566.1%
- Latest quarter vs a year ago
- Profit growth
- −370.1%
- Latest quarter vs a year ago
- Price to sales
- 0.11
- EV/EBITDA 23.0
Strengths and risks
Strengths
- Practically debt-free.
- Quarterly sales up 566.1% on a year ago.
Risks to check
- Return on equity is low at 1.2%.
- Quarterly profit down 370.1% on a year ago.
- 56% below its 52-week high.
About Tirupati Innovar
Tirupati Innovar Limited operates as a tyre manufacturer in India with a range of products catering to diverse business segments in the automobile industry. The company engages in manufacturing, buying, selling, dealing in wholesale and retail, importing and accounting of all kinds of tyres & tubes for cycles, bicycles, tricycles, moped, scooters, motorcycles, auto rickshaws, tractors, trucks, buses, car and other self-moving vehicles. The company was…
- Headquarters
- Mumbai
- Sector
- Consumer Cyclical
- ISIN
- INE812Q01016
- Website
- tirupatiinnovar.com
Price range
- Avg volume (3M)
- 56.2K
- 1-year return
- minus 31.8%
- From 52-week high
- minus 56.3%
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.30% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 63.3 | 10.07 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.51% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.39% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.98% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.3% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| TIRUPATIINTirupati Innovar | 6.14 | plus 0.33% | 16 | 24.6 | 0.27 | 1.4% | 1.2% | −3.3% | – | 44.7% | 0.00% | minus 31.8% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.39% | 6.6% |
Quarterly results
| ₹ Cr | Mar 25 | Jun 25 | Sep 25 | Dec 25 | Mar 26 |
|---|---|---|---|---|---|
| 11 | – | 48.5 | 21 | 73.2 | |
| 10.1 | – | 46.5 | 20.6 | 76 | |
| 0.9 | −0.2 | 2 | 0.4 | −2.8 | |
| 8.3% | – | 4.2% | 1.8% | −3.9% | |
| −0 | 1.1 | 0 | 0 | 0.4 | |
| −0 | – | – | – | – | |
| – | – | – | 0 | 0 | |
| 0.9 | 0.9 | 2 | 0.4 | −2.5 | |
| 25.4% | 25.2% | 25.2% | 25.2% | 25.2% | |
| 0.7 | 0.7 | 1.5 | 0.3 | −1.8 | |
| 0.26 | 0.03 | 0.57 | 0.11 | -0.69 |
Profit & loss
- Profit CAGR 3Y
- +44.7%
- ROE
- 1.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| – | – | 11 | 143 | |
| – | – | 10.5 | 143 | |
| −0.1 | −0.3 | 0.5 | −0.6 | |
| – | – | 4.7% | −0.4% | |
| 0.3 | 0.4 | 0.8 | 1.5 | |
| – | – | 0 | – | |
| – | – | – | 0 | |
| 0.2 | 0.1 | 1.3 | 0.9 | |
| – | 25.0% | 25.2% | 25.2% | |
| 0.2 | 0.1 | 1 | 0.7 | |
| – | minus 58.9% | +1026.5% | minus 34.5% | |
| 0.08 | 0.04 | 0.38 | – |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 24.4 | 24.4 | 24.4 | 24.4 | |
| 29.5 | 29.6 | 30.6 | 31.2 | |
| – | – | 4.6 | 5.2 | |
| 0 | 0.1 | 10.3 | 149 | |
| 53.9 | 54.1 | 69.9 | 210 | |
| – | – | – | 0 | |
| – | – | 0.1 | 0.1 | |
| 0.1 | 0 | 0.2 | 0.1 | |
| 53.9 | 54 | 69.6 | 209 | |
| 53.9 | 54.1 | 69.9 | 210 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −0.3 | 0 | −4.5 | −0.6 | |
| – | – | – | −0 | |
| 0.3 | −0.1 | 4.6 | 0.5 | |
| 0.1 | −0 | 0.2 | −0.1 | |
| – | – | – | −0 | |
| −0.3 | 0 | −4.5 | −0.6 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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