INNOVATIVE.NS Shariah Compliance
Screening Methodology: AAOIFI
NOT HALAL
Last Updated: December 21, 2023
Report Source: 2024 2nd Quarter Report

Innovative Tyres & Tubes Ltd. Stock Analysis INNOVATIVE.NS
Innovative Tyres & Tubes Ltd. engages in the manufacture of rubber and plastic products. The company is headquartered in Halol, Gujarat. The company went IPO on 2017-10-05. The firm offers a wide range of products in the truck / bus, agricultural and off the road (OTR) and motorcycle / 3-wheeler segments. Its motorcycle and scooter tires include ITM-222, ITM-333, ITM-444, ITM 555, Eco Ride and Rider, among others. Its three-wheelers and passenger vehicle tires include ITR-111, Smooth Drive, ITR-224 and ITL-333. Its light-truck, truck and bus tires include ITL-441 (LUG), ITR-222 (RIB), ITR-111, ITL-444 and ITS-888, among others. Its special purpose tires include agriculture equipment tires, industrial / grader tires, off-the road tires and flotation tires, animal drawn vehicle (adv) tires, and sand rider. The Company’s tire testing center includes compound testing, testing of chemical and physical properties and product performance testing such as plunger tests and pulley-wheel testing. The Company’s manufacturing plants are located at Halol, Gujarat in India.
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Key Statistics of Innovative Tyres & Tubes Ltd (INNOVATIVE.NS)
Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.
Today's Range
Today's Open
₹32.25Volume
420.00P/E Ratio (TTM)
-52 Week Range
Market Cap
101.79MAvg. Volume
690.00Dividend Yield
-Financial Metrics & Statements of Innovative Tyres & Tubes Ltd (INNOVATIVE.NS)
FAQ's for Innovative Tyres & Tubes Ltd (INNOVATIVE.NS)
- According to Musaffa’s Shariah screening methodology, Innovative Tyres & Tubes Ltd (INNOVATIVE.NS) is currently classified as NOT HALAL as of December 2023. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.