VIAZ

Viaz Tyres financials

Market cap
₹109 Cr
Sector
Automobile and Auto Components
Calls analysed
1
Latest concall · Q4 FY26 · call held 23 May 2026

VIAZ Q4 FY26

Revenue 10,834.36 lakhs +89%EBITDA 957.02 lakhs +32%EBITDA Margin 9% PAT 527.33 lakhs +58%

What went well

  • Revenue from operations for FY26 reached ₹10,834.36 lakhs, representing a significant 89.2% year-on-year growth compared to ₹5,725.88 lakhs in FY25.
  • H2 FY26 revenue showed accelerated growth, jumping to ₹6,574.04 lakhs from ₹2,888.25 lakhs in H2 FY25, a massive 127.6% increase.
  • Absolute EBITDA for FY26 grew by 31.5% to ₹957.02 lakhs.

What to watch

  • Profit margins were impacted by raw material price hikes (rubber, reclaim rubber, chemicals) from September-October onwards.
  • EBITDA margins fell from 13% to 9% in H2 FY26, attributed to raw material price increases and a December fire incident.
Read the full call →

What Viaz Tyres Limited does

Viaz Tyres manufactures butyl rubber inner tubes for bicycles, two- and three-wheelers, passenger vehicles and heavy load industrial vehicles at its Nandasan facility near Ahmedabad, Gujarat. It also supplies ancillary products - Off-the-Road (OTR) tyre tubes, Animal Driven Vehicle (ADV) tubes, and white-labelled engine oil and grease - and has recently started selling job-work bicycle tyres. The company also trades tyres in Turkey as an exclusive distributor for Maxxis Rubbers Private Limited, and is building a new tyre-manufacturing facility in Mehsana to enter the 2-wheeler, 3-wheeler, LCV and agri/farm tyre segments.

Segments

  • Tube manufacturing
  • Ancillary products
  • Tyre trading
  • Tyre manufacturing (upcoming)
Manufacturing facilities
2 (existing Nandasan plant + new Mehsana plant under construction)
Installed tube capacity
7,00,000 tubes/month (Nandasan, Gujarat)
New Mehsana plant area
1,50,000 sq. ft. (operational H1FY27/CY2026)
Domestic distribution network
19 Indian states
Export markets
5 countries (USA, Turkey, Romania, UAE, Colombia)
International distributors
7
Founded 2018Headquarters Ahmedabad, Gujarat, India Company website

Guidance record · Q4 FY26

what the last two calls moved 11 tracked 0 delivered 0 missed 11 open
  • New Plant Commercialization Timeline delayed said Q4 FY26 Promised: Trial run by November-December 2026 Q4 FY26: Revised timeline from an original target of Q1 FY27 to a trial run in Nov-Dec 2026 (Q4 FY27), citing the global situation.
  • Revenue from New Plant (FY27) open said Q4 FY26 Promised: ₹160-170 crores Q4 FY26: Expecting ₹160-170 crores of revenue from the new plant in the coming year (FY27), with numbers reflecting from the last quarter.

All 11 tracked — every revision, and every one management stopped mentioning.

Open the guidance ledger

Quarterly results

Q4 FY26: revenue up 42.9%, net profit up 13.7% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY23Q4 FY23Q2 FY24Q4 FY24Q2 FY25Q4 FY25Q2 FY26Q4 FY26
Revenue24 22 22 28 28 +21%29 +29%43 +93%40 +43%
EBITDA3 2 2 3 3 −1%4 +130%4 +82%3 +19%
Net profit2 1 1 1 1 −14%2 +300%2 +79%1 +14%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Balance sheet

Year endingFY24FY25FY26
Equity capital₹12 Cr₹12 Cr₹14 Cr
Reserves₹21 Cr₹27 Cr₹45 Cr
Borrowings₹14 Cr₹17 Cr₹20 Cr
Other liabilities₹4 Cr₹4 Cr₹7 Cr
Total liabilities₹51 Cr₹60 Cr₹86 Cr
Fixed assets₹12 Cr₹10 Cr₹20 Cr
Capital work in progress₹0 Cr₹0 Cr₹12 Cr
Investments₹0 Cr₹0 Cr₹13 Cr
Other assets₹39 Cr₹49 Cr₹41 Cr
Total assets₹51 Cr₹60 Cr₹86 Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Aug 2026

Since Sep 2025, promoters trimmed −0.89 pp while the public added +0.89 pp. The shareholder count grew 7% to 454.

Promoters
72.2%
Public
27.8%

Since Sep 2025

  • Promoters −0.89 pp
  • Public +0.89 pp

How it drifted, 10 quarters

Mar '23Mar '25Aug '26

Ownership split by quarter, oldest first. Mar '23: Promoters 73.1%, Public 26.9%.Sep '23: Promoters 73.1%, Public 26.9%.Mar '24: Promoters 73.1%, Public 26.9%.Sep '24: Promoters 73.1%, Public 26.9%.Mar '25: Promoters 73.1%, Public 26.9%.Sep '25: Promoters 73.1%, Public 26.9%.Nov '25: Promoters 66.6%, Public 33.4%.Mar '26: Promoters 68.7%, Public 31.3%.Jul '26: Promoters 69.9%, Public 30.1%.Aug '26: Promoters 72.2%, Public 27.8%.

Who was buying across the market this quarter →

Who bought this quarter

since Jul 2026

Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.

The same filing shows 7 holders trimming and 3 off the list — both are in the register beside this.

Who is on the register

Named in the Aug 2026 filing

Every holder of Viaz Tyres Limited above SEBI's 1% disclosure line, and what changed since Jul 2026.

HolderStakeChange
Janakkumar Mahendrabhai Patel 29.64%+4.25 pp
Rajesh Prabhudas Patel 11.62%unchanged
Parichaykumar Maganlal Patel 6.25%newly disclosed
Kenaben Parichaykumar Patel 6.06%newly disclosed
Himaben Janakkumar Patel 5.73%newly disclosed
Nikita Utsav Kanakia 4.36%−0.36 pp
Natvarbhai Chandubhai Patel 4.17%−0.35 pp
Keval Manuprasad Bhatt 2.48%−0.20 pp
Llp 2.21%−0.18 pp
Proex Advisors LLP 2.21%−0.18 pp
Nirmaben Rajeshkumar Patel 1.90%+0.51 pp
Rameshbhai Shambhubhai Domadiya 1.26%−0.11 pp

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Viaz Tyres Limited

Guides on how to read this kind of business and the numbers that matter.