About Innovative Tyres
Innovative Tyres is a publicly listed company based in Ahmedabad (India) founded in 1995. It manufactures and exports high-quality bias tyres for global markets. It operates on a B2B model. The company has 33 employees. Its Indian entity Innovative Tyres & Tubes Limited reported revenue of ₹86.22 Cr. Its focus areas include Manufacturing, Automotive, Tyre Production and Bias Tyres. Its competitors include JK Tyre and Ceat Tyres.
Company details
Innovative Tyres manufactures and exports high-quality bias tyres for global markets, focusing on producing manufactured goods, dealing with automotive parts, tyre production, and bias tyres. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
- Headquarters Ahmedabad, India
- Employees 33
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Website innovativetyres.com
- Social Facebook
- Legal Name Innovative Tyres & Tubes Ltd.
- Market Cap₹58.90 Cr
ITTL-ST · NSE
- Share Price₹60.05
+1.95% today
- Revenue₹85.38 Cr
FY 2025-26 · +82.5% YoY
- EBITDA₹3.30 Cr
Margin 3.9%
- Net Profit−₹1.92 Cr
FY 2025-26 · +88.1% YoY
- Employee Count33
Associated legal entities of Innovative Tyres
Innovative Tyres operates through Innovative Tyres & Tubes Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Innovative Tyres & Tubes Limited Listed CIN L25112GJ1995PLC086579 | Active | 28 Nov 1995 | Halol, Gujarat | ₹86.2 Cr | 33 | 6 | View details |
Board of directors of Innovative Tyres & Tubes Limited (Innovative Tyres)
Innovative Tyres & Tubes Limited is the primary company behind Innovative Tyres. The board of Innovative Tyres & Tubes Limited currently have 4 directors; the longest-serving is Robin Chawla, appointed in 2023. 24 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Robin Chawla DIN 10277507 | Director | 09 Aug 2023 | 3 yrs 2 mo | Innovative Tyres & Tubes Limited |
| Munish Chawla DIN 06454015 | Managing Director | 09 Aug 2023 | 3 yrs 2 mo | Innovative Tyres & Tubes Limited |
| Sneh Chauhan DIN 11112308 | Director | 15 Jul 2025 | 1 yr 3 mo | Innovative Tyres & Tubes Limited |
| Kamlesh Joshi DIN 01783387 | Director | 30 May 2026 | 5 mo | Innovative Tyres & Tubes Limited |
IPO & Listings of Innovative Tyres
Innovative Tyres is a publicly listed company on the NSE with ticker symbol ITTL in India, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date05 Oct 2017
- Listed onNSE: ITTL
- Listed entityInnovative Tyres & Tubes Ltd.
- Exchange sectorConsumer durables
- ISININE070Y01023
- Share price₹61.30 (-0.97% on the day) · 2026-10-14
- Market capitalisation₹61.9 Cr
- EPS (diluted, trailing year)₹-1.91
- Volume (last session)210
Financials of Innovative Tyres
Exchange-reported figures of Innovative Tyres & Tubes Limited, the listed company behind Innovative Tyres (NSE: ITTL-ST).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 85.38 | 46.79 | 14.18 | 1.62 | 51.57 | 139 | 149 |
| Revenue growth | +82.5% | +230.0% | +775.3% | -96.9% | -62.9% | -6.5% | - |
| EBITDA | 3.30 | (11.38) | (7.54) | (53.38) | (50.29) | 2.12 | 0.14 |
| EBITDA margin | +3.9% | -24.3% | -53.2% | -3295.1% | -97.5% | +1.5% | +0.1% |
| Profit before tax | (1.79) | (16.03) | 34.48 | (61.41) | (59.11) | (8.87) | (9.26) |
| Net profit | (1.92) | (16.12) | (3.76) | (52.94) | (59.43) | (9.33) | (10.24) |
| Net profit margin | -2.3% | -34.5% | -26.5% | -3267.9% | -115.2% | -6.7% | -6.9% |
| EPS (₹) | (1.91) | (16.02) | 19.17 | (29.42) | (32.76) | (4.91) | (5.46) |
| Balance sheet | |||||||
| Total assets | 27.88 | 33.41 | 34.59 | (6.21) | 46.31 | 106 | 125 |
| Net worth | (20.29) | (16.29) | (0.23) | (44.22) | 8.71 | 67.65 | 76.49 |
| Total debt | 43.35 | 42.80 | 34.81 | 38.01 | 37.60 | 36.97 | 21.88 |
| Cash & bank | 0.09 | 0.16 | 0.09 | 1.24 | 0.29 | 4.08 | 3.19 |
| Net working capital | (14.72) | (10.13) | (3.43) | (40.38) | (37.08) | 13.84 | 25.95 |
| Cash flow | |||||||
| Cash from operations | 8.58 | (4.64) | (7.42) | 0.46 | (2.95) | 3.40 | 2.90 |
| Cash from investing | (7.28) | (2.31) | (0.01) | 0.07 | 1.60 | (1.22) | 0.16 |
| Cash from financing | (1.38) | 7.02 | 6.28 | 0.41 | (2.43) | (1.29) | (3.40) |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 85.38 | 46.79 | 14.18 | 1.62 | 51.57 | 139 | 149 |
| Revenue growth | +82.5% | +230.0% | +775.3% | -96.9% | -62.9% | -6.5% | - |
| Other income | 0.84 | 0.40 | 46.47 | 0.24 | 2.05 | 1.02 | 1.70 |
| Total expenses | 82.08 | 58.17 | 21.72 | 55.00 | 102 | 137 | 149 |
| Employee cost | 3.80 | 3.40 | 1.23 | 0.20 | 4.76 | 8.01 | 9.25 |
| EBITDA | 3.30 | (11.38) | (7.54) | (53.38) | (50.29) | 2.12 | 0.14 |
| EBITDA margin | +3.9% | -24.3% | -53.2% | -3295.1% | -97.5% | +1.5% | +0.1% |
| Depreciation | 3.89 | 4.07 | 4.42 | 8.18 | 7.80 | 8.37 | 8.28 |
| Interest | 2.04 | 0.98 | 0.03 | 0.09 | 3.07 | 3.64 | 2.82 |
| Profit before tax | (1.79) | (16.03) | 34.48 | (61.41) | (59.11) | (8.87) | (9.26) |
| Tax | 0.13 | 0.00 | (0.03) | (8.47) | (0.17) | (0.03) | 0.56 |
| Net profit | (1.92) | (16.12) | (3.76) | (52.94) | (59.43) | (9.33) | (10.24) |
| Net profit margin | -2.3% | -34.5% | -26.5% | -3267.9% | -115.2% | -6.7% | -6.9% |
| EPS (₹) | (1.91) | (16.02) | 19.17 | (29.42) | (32.76) | (4.91) | (5.46) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.00 | 10.00 | 17.99 | 17.99 | 17.99 | 17.99 | 17.99 |
| Reserves & surplus | (30.29) | (26.29) | (27.72) | (62.21) | (9.28) | 49.66 | 58.50 |
| Shareholders' funds (net worth) | (20.29) | (16.29) | (0.23) | (44.22) | 8.71 | 67.65 | 76.49 |
| Secured loans | 14.14 | 16.71 | 0.06 | 10.06 | 10.06 | 10.13 | 5.70 |
| Unsecured loans | 29.21 | 26.09 | 34.75 | 27.95 | 27.54 | 26.84 | 16.18 |
| Total debt | 43.35 | 42.80 | 34.81 | 38.01 | 37.60 | 36.97 | 21.88 |
| Total liabilities | 27.88 | 33.41 | 34.59 | (6.21) | 46.31 | 106 | 125 |
| Assets | |||||||
| Gross block | 147 | 140 | 141 | 140 | 140 | 146 | 146 |
| Net block | 40.42 | 31.76 | 35.81 | 32.20 | 89.61 | 96.88 | 104 |
| Capital work in progress | 0.06 | 9.51 | 0.25 | 0.25 | 0.25 | 1.44 | 0.16 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Inventories | 11.56 | 6.32 | 2.89 | 0.00 | 2.55 | 39.09 | 41.67 |
| Sundry debtors | 3.00 | 2.81 | 0.67 | 0.10 | 1.94 | 13.96 | 17.85 |
| Cash & bank balances | 0.09 | 0.16 | 0.09 | 1.24 | 0.29 | 4.08 | 3.19 |
| Loans & advances | 4.04 | 2.33 | 0.45 | 0.53 | 0.97 | 3.48 | 2.32 |
| Total current assets | 18.69 | 11.62 | 4.10 | 1.87 | 5.75 | 60.61 | 65.03 |
| Total current liabilities | 33.41 | 21.75 | 7.53 | 42.25 | 42.83 | 46.77 | 39.08 |
| Net working capital | (14.72) | (10.13) | (3.43) | (40.38) | (37.08) | 13.84 | 25.95 |
| Total assets | 27.88 | 33.41 | 34.59 | (6.21) | 46.31 | 106 | 125 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.16 | 0.09 | 1.24 | 0.29 | 4.08 | 3.19 | 3.53 |
| Net cash from operating activities | 8.58 | (4.64) | (7.42) | 0.46 | (2.95) | 3.40 | 2.90 |
| Net cash from investing activities | (7.28) | (2.31) | (0.01) | 0.07 | 1.60 | (1.22) | 0.16 |
| Net cash from financing activities | (1.38) | 7.02 | 6.28 | 0.41 | (2.43) | (1.29) | (3.40) |
| Net change in cash | (0.07) | 0.07 | (1.15) | 0.94 | (3.78) | 0.89 | (0.34) |
| Closing cash | 0.09 | 0.16 | 0.09 | 1.24 | 0.29 | 4.08 | 3.19 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +82.5% | +230.0% | +775.3% | -96.9% | -62.9% | -6.5% | - |
| EBITDA growth | +129.0% | -50.9% | +85.9% | -6.1% | -2472.2% | +1414.3% | - |
| PBT growth | +88.8% | - | +9998.0% | -3.9% | -566.4% | +4.2% | - |
| Net income growth | +88.1% | -328.7% | +92.9% | +10.9% | -537.0% | +8.9% | - |
| Revenue CAGR (3Y) | +274.9% | -3.2% | -53.3% | -77.8% | -33.0% | -0.1% | +4.4% |
| EBITDA CAGR (3Y) | - | -39.1% | - | - | - | -46.4% | -77.7% |
| Profitability & leverage | |||||||
| Net income margin | -2.3% | -34.3% | +243.4% | -3267.9% | -114.3% | -6.4% | -6.6% |
| Return on capital employed | 0.0% | 0.0% | -8.9% | 0.0% | 0.0% | -4.8% | -5.2% |
| Return on net worth | 0.0% | 0.0% | -61.6% | 0.0% | 0.0% | -13.6% | -13.3% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 1.21 | 0.45 | 0.30 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.10 | 0.08 | 0.07 |
| Interest cover | -345.76 | -6.34 | -0.25 | -0.15 | -5.28 | -58.24 | -34.64 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.62 | 0.35 | 0.11 | 0.01 | 0.38 | 1.00 | 1.09 |
| Inventory turnover | 9.55 | 10.16 | 9.81 | 1.27 | 2.48 | 3.45 | 3.54 |
| Debtors turnover | 29.39 | 26.89 | 36.83 | 1.59 | 6.49 | 8.75 | 9.75 |
| EPS (₹) | (1.91) | (16.02) | 19.17 | (29.42) | (32.76) | (4.91) | (5.46) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (25.48) | (23.57) | (9.45) | (28.63) | 0.79 | 33.55 | 38.47 |
Competitors of Innovative Tyres
Innovative Tyres has 2 listed competitors in our database. They include JK Tyre and Ceat Tyres.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| jktyre.com | 1951 | Delhi, India | 6,275 | Manufacturer of tyres for automobiles | ||
| ceat.com | 1958 | Mumbai, India | 6,743 | Manufacturer of tires for passenger & commercial vehicles |
Detailed competitors of Innovative Tyres
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Top companies in Automotive Manufacturing & Components
3 companies that operate in the same segment as Innovative Tyres (Automotive Manufacturing & Components) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Electrical and electronic parts for automobiles are provided by SEDEMAC. | 2007 | Pune, Maharashtra, India | USD 26.22 M | USD 32.69 M | 415 | |
Manufacturer of petrol, CNG, diesel and electric last mile mobility 3 & 4 wheelers, passenger, and cargo vehicles | 1994 | Mumbai, Maharashtra, India | USD 137.89 M | USD 17.06 B | 33,980 | |
Lithium-ion batteries for electric vehicles are manufactured across categories. | 2006 | Gurugram, Haryana, India | USD 34.18 M | 177 |
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Frequently Asked Questions about Innovative Tyres
Innovative Tyres was founded in 1995.
Innovative Tyres is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Innovative Tyres has 33 employees.
The primary company behind Innovative Tyres, Innovative Tyres & Tubes Limited, reported revenue of ₹86.22 Cr for FY 2026, up 82% year on year.
Innovative Tyres manufactures and exports high-quality bias tyres for global markets, focusing on producing manufactured goods, dealing with automotive parts, tyre production, and bias tyres. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.
Innovative Tyres's top competitors include Ceat Tyres and JK Tyre.
Yes, Innovative Tyres is publicly traded on NSE under the ticker symbol ITTL.
Innovative Tyres operates through Innovative Tyres & Tubes Limited.
The legal entities of Innovative Tyres currently have 6 directors, including Jai Prakash Sharma, Sneh Chauhan, Robin Chawla and others.