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Tirupati InnovarBOM:539040 +0.98%33 Quick Ratio is 1.41 as of Mar. 2026, which is 96% below its 10-year median of 31.68. GuruFocus rates BOM:539040 with a GF Score™ of 33/100. The stock has 3 warning signs investors should review. Among 1,334 Vehicles & Parts companies, Tirupati Innovar ranks better than 67.02% on this metric.
Tirupati Innovar (BOM:539040) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Tirupati Innovar Quick Ratio Related Terms
Tirupati Innovar Quick Ratio Historical Data
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The historical data trend for Tirupati Innovar's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Auto Parts subindustry, Tirupati Innovar's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Tirupati Innovar Quick Ratio vs Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, Tirupati Innovar's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Tirupati Innovar's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Tirupati Innovar's Quick Ratio for the fiscal year that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Tirupati Innovar (BOM:539040) has a Quick Ratio of 1.41 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Tirupati Innovar and its competitors. This is 96% below median its historical median of 31.68. Over the past decade, Tirupati Innovar's Quick Ratio has ranged from 1.24 to 1,523.98. According to the industry distribution chart, Tirupati Innovar ranks #440 out of 1334 companies in the Vehicles & Parts industry, placing it in the top 33%.
Is Tirupati Innovar's Quick Ratio too high?
Tirupati Innovar's current Quick Ratio of 1.41 is 96% below median its 10-year median of 31.68. Over the past 10 years, this metric has ranged from a low of 1.24 to a high of 1,523.98. The Vehicles & Parts industry median Quick Ratio is 1.05. Tirupati Innovar's value of 1.41 is 34.3% above this industry median. Based on the distribution chart, Tirupati Innovar ranks #440 out of 1334 companies in the Vehicles & Parts industry, which is above the industry midpoint. Overall, Tirupati Innovar has a GF Score™ of 33/100, reflecting its overall financial health beyond just this single metric.
How does Tirupati Innovar's Quick Ratio compare to ORLY and AZO?
According to the Vehicles & Parts industry distribution chart, Tirupati Innovar ranks #440 out of 1334 companies for Quick Ratio. This puts Tirupati Innovar in the upper half of its industry. The industry median Quick Ratio is 1.05. Tirupati Innovar's value of 1.41 is 34.3% above this benchmark. Historically, Tirupati Innovar's own Quick Ratio has ranged from 1.24 to 1,523.98 over the past decade. While the company's 10-year median is 31.68 vs. the industry median of 1.05, Tirupati Innovar has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Vehicles & Parts company?
The median Quick Ratio among Vehicles & Parts companies is 1.05, based on 1,334 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Tirupati Innovar's current Quick Ratio of 1.41 is 34.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Tirupati Innovar and its competitors. For the Vehicles & Parts industry, the median Quick Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Tirupati Innovar's current Quick Ratio is 1.41, which is 96% below median its own 10-year median of 31.68. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Tirupati Innovar stock overvalued right now?
Tirupati Innovar (BOM:539040) has a current Quick Ratio of 1.41. The current Quick Ratio is 1.41, which is 96% below median its 10-year median of 31.68 and 34.3% above the Vehicles & Parts industry median of 1.05. Tirupati Innovar's overall GF Score™ is 33/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Tirupati Innovar (BOM:539040), the current Quick Ratio is 1.41 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Tirupati Innovar Ltd, formerly Tirupati Tyres Ltd is a tyre manufacturer in India catering to diverse business segments in the automobile industry. It manufactures and retails tires and tubes for cycles, bicycles, motorcycles, auto rickshaws, and other vehicles in India. The company serves diverse segments within the automobile industry by providing a range of rubber products tailored for different vehicle types. It operates through a network of dealers and distributors to reach its customers. Revenue prominently comes from the sale of tires and related products, supported by manufacturing and trading activities. The company focuses on delivering quality solutions aimed at meeting the needs of various transportation sectors.
33GF Score
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