About Ace Tyres Limited
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Ace Tyres Limited is a public limited company based in Hyderabad, Telangana, India. It operates in the rubber products segment of the plastics and polymers sector. It was incorporated on 23 August 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U25112TG2001PLC037183.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹3.25 Cr. It was formerly known as Ace Tyres Private Limited.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Hyderabad, Telangana.
As per the financials filed for FY 2018, the company reported a revenue of ₹283.65 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹67.29 Cr (net margin 23.7%) and EBITDA of ₹119.48 Cr (EBITDA margin 42.1%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 31% over five years.
Court records list 16 cases involving the company, including 11 filed by the company and 5 filed against it; 8 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website acetyresltd.com.
Company details
Name history
Ace Tyres has undergone 2 name changes throughout its history. The company was previously known as Ace Tyres Limited, and Ace Tyres Private Limited. The current legal name is Ace Tyres Limited.
| Company Name | Status |
|---|---|
| Ace Tyres Limited | Current |
| Ace Tyres Private Limited | Previous |
CIN history
Ace Tyres has one previous CIN (Corporate Identification Number): U25112AP2001PLC037183. The current CIN is U25112TG2001PLC037183, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25112TG2001PLC037183 | Current |
| U25112AP2001PLC037183 | Previous |
Contact details
Ace Tyres Limited's registered office is in Hyderabad, Telangana. Its website is acetyresltd.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address314 & 315 Ameenpur Roadquthbullapur Mandal, Bachupally Village, Hyderabad, Telangana, India – 500072
- IndustryPlastics, Rubber Products, Non-Metallic Mineral Products, Fabricated Metal Products, Plastic Products
To see the full contact details of Ace Tyres Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Ace Tyres Limited
FY 2019 filings availableAce Tyres Limited reported revenue of ₹283.65 Cr (down 1% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 31%. EBITDA rose 10% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹283.65 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹119.48 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹67.29 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 42.1% | |||
| Net Profit Margin | 23.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Ace Tyres Limited, buy the company report.
Board of directors of Ace Tyres Limited
No directors are listed for Ace Tyres in the MCA records available to us.
Auditor
Ace Tyres Limited is audited by SHRIRAM NARAYAN ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHRIRAM NARAYAN ASSOCIATES | FY 2018 | 003848S |
Shareholding
The shareholding of Ace Tyres Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ace Tyres Limited, buy the company report.
Legal cases
Ace Tyres Limited has 16 court cases on record: 11 filed by Ace Tyres, 5 filed against it. 8 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 4 | 7 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Medak, Telangana | Civil suit | Filed against the company by an individual | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Assistant Commissioner of State Tax and 2 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Assistant Commissioner of State Tax, and 2 others | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Assistant Commissioner of State Tax, Ida and 2 others | Pending |
| High Court, TELANGANA | Court case (ITTA) | Filed against the company by The PR Comm of Income Tax-I, Hyderabad | Pending |
To see the full case history of Ace Tyres Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Ace Tyres Limited was last rated by Care on 03 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 03 Dec 2021 |
To see the full credit ratings and regulatory alerts of Ace Tyres Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ace Tyres Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ace Tyres Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Frequently asked questions
Ace Tyres is an active public limited company based in Hyderabad, Telangana, India. The company works in rubber products, within the plastics industry. It was incorporated on 23 August 2001 (25+ years old) and is registered under CIN U25112TG2001PLC037183.
The latest financial statements of Ace Tyres on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Ace Tyres is U25112TG2001PLC037183. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ace Tyres has 16 court cases on record: 11 filed by the company and 5 filed against it. 8 are pending. Most are in the high courts.
Ace Tyres was incorporated on 23 August 2001, making it 25+ years old. It is registered with the Registrar of Companies, Hyderabad.
Ace Tyres can be reached through the website acetyresltd.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Ace Tyres is at 314 & 315 Ameenpur Roadquthbullapur Mandal, Bachupally Village, Hyderabad, Telangana, India – 500072.
Ace Tyres operates in the plastics industry, in the rubber products segment.
The compliance status of Ace Tyres is compliant as of 03 September 2026. The company is actively filing with the Registrar of Companies.