TIRUPATI INNOVAR LIMITED

About

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 formerly known as Tirupati Tyres Limited and changed its name to Tirupati Innovar Limited in September 2025. The company was incorporated in 1988 and is based in Mumbai, India.

Quarterly Results

Rs. Crores · hover row for definition

Metric	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023	Jun 2023	Mar 2023
Sales	73.20	21.00	48.53	0.00	10.99	0.00	0.00	0.00	0.00	0.00	0.00	0.11	0.10
Expenses	76.04	20.62	46.50	0.19	10.08	0.17	0.17	0.06	0.10	0.07	0.06	0.05	0.04
Operating Profit	-2.84	0.38	2.03	-0.19	0.91	-0.17	-0.17	-0.06	-0.10	-0.07	-0.06	0.06	0.06
OPM %	-3.88	1.81	4.18	—	8.28	—	—	—	—	—	—	54.55	60.00
Other Income	0.39	0.00	0.00	1.11	0.00	0.37	0.23	0.22	-0.11	0.32	0.09	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-2.45	0.38	2.03	0.92	0.91	0.20	0.06	0.16	-0.21	0.25	0.03	0.06	0.06
Tax %	-25.31	26.32	25.12	25.00	25.27	20.00	33.33	31.25	14.29	0.00	0.00	0.00	0.00
Net Profit	-1.83	0.28	1.52	0.68	0.68	0.16	0.05	0.11	-0.24	0.25	0.03	0.06	0.06
EPS in Rs	-0.26	0.04	0.21	0.10	0.10	0.02	0.01	0.02	-0.03	0.04	0.00	0.01	0.01

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	143.00	11.00	0.00	0.00	0.00	0.00	0.00	0.00	4.00	7.00	9.00	1.00
Expenses	143.00	10.00	0.00	0.00	0.00	0.00	0.00	0.00	4.00	7.00	9.00	1.00
Operating Profit	-1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
OPM %	-0.40	4.60	—	76.00	62.00	—	—	-270.00	0.50	0.30	1.60	9.00
Other Income	2.00	1.00	0.00	0.00	0.00	-1.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	1.00	1.00	0.00	0.00	0.00	-1.00	0.00	0.00	0.00	0.00	0.00	0.00
Tax %	25.00	26.00	25.00	0.00	0.00	0.00	0.00	0.00	—	0.00	33.00	33.00
Net Profit	1.00	1.00	0.00	0.00	0.00	-1.00	0.00	0.00	0.00	0.00	0.00	0.00
EPS in Rs	0.09	0.14	0.01	0.03	0.16	-0.70	-0.17	-0.33	0.00	0.01	0.10	0.04
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	0.00	0.00	0.00

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	24.00	24.00	24.00	24.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00
Reserves	31.00	31.00	30.00	29.00	-2.00	-2.00	-2.00	-2.00	-1.00	-1.00	-1.00	-1.00
Borrowings	5.00	5.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Liabilities	149.00	10.00	0.00	0.00	0.00	0.00	0.00	0.00	6.00	7.00	3.00	0.00
Total Liabilities	210.00	70.00	54.00	54.00	1.00	1.00	2.00	2.00	9.00	9.00	5.00	2.00
Fixed Assets	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	0.00	0.00	0.00	0.00	1.00	1.00	1.00	1.00	1.00	1.00
Other Assets	210.00	70.00	54.00	54.00	1.00	1.00	1.00	1.00	8.00	9.00	4.00	2.00
Total Assets	210.00	70.00	54.00	54.00	1.00	1.00	2.00	2.00	9.00	9.00	5.00	2.00

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2017	Mar 2015
Cash from Operating Activity	-1.00	-4.00	0.00	0.00	0.00	-1.00	0.00	0.00	0.00	0.00
Cash from Investing Activity	0.00	0.00	0.00	0.00	0.00	1.00	0.00	0.00	0.00	0.00
Cash from Financing Activity	1.00	5.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash Flow	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Free Cash Flow	-1.00	-4.00	0.00	0.00	0.00	-1.00	0.00	0.00	0.00	0.00
CFO/OP %	100.00	-914.00	-7.00	414.00	-80.00	558.00	-65.00	159.00	-1,100.00	83.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	389.00	418.00	—	—	—	—	—	4,453.00	614.00	398.00	136.00	327.00
Inventory Days	0.00	0.00	—	—	—	—	—	0.00	31.00	19.00	15.00	220.00
Days Payable	—	—	—	—	—	—	—	—	552.00	366.00	113.00	0.00
Cash Conversion Cycle	389.00	418.00	—	—	—	—	—	4,453.00	93.00	51.00	39.00	548.00
Working Capital Days	155.00	1,971.00	—	—	—	—	—	5,110.00	124.00	74.00	43.00	542.00
ROCE %	1.00	2.00	0.00	1.00	14.00	-8.00	-9.00	-14.00	0.00	0.00	7.00	3.00

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
DIIs	0.41	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	99.60	100.01	100.01	100.00	100.01	100.00	100.00	100.00	100.00	99.99	100.01	100.00
No. of Shareholders	43,458	44,090	45,046	45,581	45,999	44,633	44,629	47,347	12,925	9,888	9,354	8,078