Viaz Tyres Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹133 Cr
- P/E
- 25.29
- ROE
- 10.75%
- Price to sales
- 1.22
- Debt to equity
- 0.32
- 52W high / low
- ₹92.9 / ₹57.8
- EBITDA margin
- 8.83%
- Net profit margin
- 5.06%
- Promoter holding
- 72.19%
- Sales (last year)
- ₹108 Cr
Incorporated in 2018, Viaz Tyres Ltd manufactures Tyre Tubes of vehicles[1]
Guidance scorecard · Q4 FY26 call
What Viaz Tyres's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ4 FY26 call
20–40%- FY26 revenue was ₹108.34 crores, up 89.2% YoY; H2 FY26 revenue surged 127.6% YoY to ₹65.74 crores.
- The new tyre manufacturing facility (capex approx. ₹50-55 crores) expected to start commercial operations by Q4 FY27, targeting ₹160-170 crores revenue in next year (FY27).
- For FY27, revenue growth of 20-25% is expected with profit margins of 6-7%.
- The expansion is more than doubling current capacity (from ₹100 crores to approx. ₹160-170 crores).
- Capacity utilization expected to reach 60-70% in next year and 100% thereafter.
- Longer term, by 2029, total revenue target is around ₹350 crores including tyre and tube segments after phase 2 expansion (adding LCV and agriculture tyres).
2 more points from Viaz Tyres's call on revenue
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MarginsQ4 FY26 call
Up 0–2%See what Viaz Tyres said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- Viaz Tyres is undertaking a major capex of approximately ₹50-55 crores for a new manufacturing facility in Nandasan focused on tyre production for two-wheelers, three-wheelers, LCVs, and agricultural equipment.
- The new 50,000 sq. ft. facility is expected to start operations by late 2026 (quarter 4), aiming for commercialization around November-December 2026.
- This facility is positioned to be one of the top in India with asset turnover of 7x and aims to deliver better profit margins (~8-9%) aligned with the tyre industry.
- Post-completion of the new plant, further phase 2 expansions are planned by 2029 to include LCV and agriculture tyre segments, targeting additional ₹130-150 crores revenue.
2 more points from Viaz Tyres's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Viaz Tyres said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Ask what Viaz Tyres said on the order book →
Full Q4 FY26 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹2,874 Cr | 45.4 | |
| 2 | 40%+ | Flat | ₹2,116 Cr | 55.2 | |
| 3 | 40%+ | Flat | ₹370 Cr | 15.1 | |
| 4 | 20–40% | Up 2%+ | ₹25,664 Cr | 73.6 | |
| 5 | 20–40% | Up 0–2% | ₹21,742 Cr | 33.9 | |
| 6 | 20–40% | Up 0–2% | ₹11,707 Cr | 41.0 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Viaz Tyres
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Shareholder Pattern
Viaz Tyres
Shareholding breakup across reporting periods.
| Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Nov 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Promoters + | 73.08% | 73.08% | 73.08% | 73.08% | 73.08% | 73.08% | 66.63% | 68.66% | 72.19% |
| Public + | 26.93% | 26.92% | 26.92% | 26.92% | 26.92% | 26.92% | 33.37% | 31.34% | 27.81% |
| No. of Shareholders | 457 | 445 | 495 | 510 | 463 | 423 | 441 | 446 | 429 |
Financials of Viaz Tyres
Quarterly Results
Quarter-by-quarter operating performance
Financials of Viaz Tyres
Profit & Loss
Annual income statement trend
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Sales + | 50 | 57 | 108 |
| Expenses + | 45 | 50 | 99 |
| Operating Profit | 5 | 7 | 10 |
| OPM % | 10% | 13% | 9% |
| Other Income + | 0 | 1 | 1 |
| Interest | 1 | 1 | 2 |
| Depreciation | 1 | 2 | 2 |
| Profit before tax | 3 | 4 | 6 |
| Tax % | 23% | 25% | 14% |
| Net Profit + | 2 | 3 | 5 |
| EPS in Rs | 1.93 | 2.73 | 3.68 |
| Dividend Payout % | 0% | 0% | 0% |
Financials of Viaz Tyres
Balance Sheet
Capital structure and asset base
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Equity Capital | 12 | 12 | 14 |
| Reserves | 21 | 25 | 47 |
| Borrowings + | 14 | 16 | 20 |
| Other Liabilities + | 4 | 6 | 7 |
| Total Liabilities | 51 | 59 | 88 |
| Fixed Assets + | 12 | 11 | 20 |
| CWIP | 0 | 0 | 12 |
| Investments | 0 | 0 | 0 |
| Other Assets + | 39 | 48 | 56 |
| Total Assets | 51 | 59 | 88 |
Financials of Viaz Tyres
Cash Flows
Operating, investing and financing cash movement
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Cash from Operating Activity + | 4 | -3 | 15 |
| Cash from Investing Activity + | -2 | -1 | -36 |
| Cash from Financing Activity + | 2 | 1 | 21 |
| Net Cash Flow | 3 | -3 | 1 |
| Free Cash Flow | 2 | -3 | -20 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 87% | -36% | 160% |
Financials of Viaz Tyres
Ratios
Working capital efficiency and return ratios
| Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|
| Debtor Days | 145 | 194 | 72 |
| Inventory Days | 110 | 113 | 53 |
| Days Payable | 17 | 27 | 8 |
| Cash Conversion Cycle | 238 | 280 | 117 |
| Working Capital Days | 142 | 174 | 76 |
| ROCE % | 12% | 13% |
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What Viaz Tyres's management said in earlier quarters
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