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Michelin India
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Registered Details

MICHELIN INDIA PRIVATE LIMITED

Active

Updated: 01 Nov 2024

The company's line of business includes manufacturing of pneumatic casings, inner tubes, and solid and cushion tires for all types of vehicles.

Michelin India Private Limited, is an unlisted private company incorporated on 24 April, 2009. It is classified as a private limited company and is located in Chennai, Tamil Nadu. It's authorized share capital is INR 7,319.78 cr and the total paid-up capital is INR 7,120.09 cr.

Industry

Manufacturing (Metals & Chemicals and their products)

Products

CAR, SUV & VAN TYRES, MOTORBIKE & SCOOTER TYRES, ASSISTANCE Service

Key Metrics

** All rupee values in INR crores. Based on March 2024 numbers.

Total Revenue

5.38%

₹ 2,190.4

EBITDA

₹ 49.6

Net Profit

₹ -67.8

Networth

-14.08%

₹ 130.1

Borrowings

-6.24%

₹ 582.7

Assets

9.71%

₹ 1,605.4

Gross Margin

7.71

58.7 %

Operating Margin

8.43

2.3 %

Net Profit Margin

8.68

-3.1 %

Return on Equity

109.57

-52.1 %

ROCE

24.99

2.6 %

Debt to Equity

0.37

4.5

Sales

Mar 2024

Net worth

Mar 2024

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Locations

India (33)

State	Type	Address

Locations on Map

Tofler Score

Good

Poor

Fair

Good

Very Good

Excellent

Risk

Severe Risk

VERY LOW INTEREST COVERAGE

Moderate Risk

HIGH LEVERAGE
LOSS MAKING
LOW ROCE
PAYABLES DETERIORATING

Low Risk

No risks identified

About Tofler Score

Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

Financial Highlights

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	1,584.4	1,129.7	1,645.0	2,036.0	2,123.9
Operating profit	-162.2	-166.7	-125.8	-124.1	49.6
Net profit	-2,060.2	-301.0	-289.8	-244.7	-67.8
Gross margin	42.9	47.4	47.5	51.0	58.7
Operating margin	-10.2	-14.8	-7.7	-6.1	2.3
Net margin	-128.6	-26.3	-17.5	-11.8	-3.1
Networth	-187.8	-303.1	-195.2	151.4	130.1
Borrowings	589.8	553.5	699.8	621.5	582.7
Assets	1,112.9	923.9	1,262.1	1,463.3	1,605.4
Debt to equity	-3.1	-1.8	-3.6	4.1	4.5
Current ratio	1.3	1.1	1.2	1.8	1.7
ROE	-	-	-	-161.7	-52.1
Days payable	121.0	167.0	161.0	118.0	192.0
WC days	37.0	13.0	35.0	92.0	90.0

Margins

Gross margin

Operating margin

Net margin

Balance Sheet

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	5,480.0	5,655.0	6,115.0	6,970.1	7,020.1
Reserves	-5,667.9	-5,958.1	-6,310.2	-6,818.7	-6,890.0
Borrowings +	589.8	553.5	699.8	621.5	582.7
Long term borrowings	538.7	552.2	543.0	575.2	582.7
Short term borrowings	51.0	1.3	156.7	46.3	-
Trade payables +	299.8	271.9	379.5	323.5	461.9
Days payable	121.0	167.0	161.0	118.0	192.0
Other liabilities +	711.0	673.5	757.5	690.4	892.6
Other non-current liabilities	215.5	171.3	130.5	126.4	130.5
Other current liabilities	195.7	230.3	247.5	240.5	300.2
Total liabilities	1,112.9	923.9	1,262.1	1,463.3	1,605.4
Fixed Assets +	171.0	141.3	127.8	183.8	174.2
Tangible assets	146.9	134.9	119.0	175.7	164.1
CWIP	17.3	1.0	5.4	5.6	9.2
Intangible assets	6.8	5.4	3.3	2.5	1.0
LT loans and advances	-	-	-	-	-
Other non-current assets	236.3	239.4	193.3	155.2	145.4
Current assets +	705.5	543.1	941.0	1,124.2	1,285.8
Inventories	361.8	261.3	451.9	375.5	380.0
Trade receivables	203.6	179.5	318.3	473.7	485.8
Cash and cash equivalents	8.6	2.8	4.1	5.7	134.4
ST loans and advances	-	-	-	-	-
Other current assets	131.5	99.6	166.7	269.3	285.7
Total assets	1,112.9	923.9	1,262.1	1,463.3	1,605.4

Percentage of assets	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	492.41	612.07	484.52	476.33	437.28
Reserves	-509.29	-644.88	-499.99	-465.99	-429.18
Borrowings +	52.99	59.91	55.44	42.47	36.3
Long term borrowings	48.41	59.77	43.03	39.31	36.3
Short term borrowings	4.58	0.14	12.42	3.16	0.0
Trade payables	26.94	29.43	30.07	22.11	28.77
Other liabilities +	63.88	72.9	60.02	47.18	55.6
Other non-current liabilities	19.36	18.54	10.34	8.64	8.13
Other current liabilities	17.58	24.92	19.61	16.44	18.7
Total liabilities
Fixed Assets +	15.37	15.3	10.13	12.56	10.85
Tangible assets	13.2	14.6	9.43	12.01	10.22
CWIP	1.56	0.11	0.43	0.38	0.57
Intangible assets	0.61	0.59	0.26	0.17	0.06
LT loans and advances	0.0	0.0	0.0	0.0	0.0
Other non-current assets	21.23	25.92	15.31	10.61	9.06
Current assets +	63.4	58.79	74.56	76.83	80.09
Inventories	32.51	28.29	35.8	25.66	23.67
Trade receivables	18.3	19.42	25.22	32.37	30.26
Cash and cash equivalents	0.77	0.3	0.33	0.39	8.37
ST loans and advances	0.0	0.0	0.0	0.0	0.0
Other current assets	11.82	10.78	13.21	18.41	17.79
Total assets

Total assets

Profit & Loss

₹

** All numbers in INR crores

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales +	1,584.4	1,129.7	1,645.0	2,036.0	2,123.9
Sales growth %	-4.94	-28.7	45.62	23.77	4.32
Expenses +	2,023.2	1,389.9	1,875.5	2,270.0	2,190.8
Cost of goods	904.6	594.5	862.8	997.1	876.4
Employee cost	214.6	241.6	309.8	480.2	593.4
Other costs	627.4	460.2	598.3	682.9	604.5
Operating profit +	-162.2	-166.7	-125.8	-124.1	49.6
Operating margin %	-10.2	-14.8	-7.7	-6.1	2.3
Other income	17.7	13.0	9.7	42.6	66.5
Interest	73.1	68.2	73.8	77.7	85.1
Depreciation	203.5	25.3	30.9	32.2	31.5
Exceptional items	-1,614.8	-53.8	-56.2	-53.3	-60.5
Profit before tax	-2,036.0	-301.0	-277.1	-244.7	-61.0
Tax	24.3	-	12.8	-	6.8
Profit - disc. ops	-	-	-	-	-
Net profit	-2,060.2	-301.0	-289.8	-244.7	-67.8
Net margin %	-128.6	-26.3	-17.5	-11.8	-3.1

Precentage of total income	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Sales	98.9	98.87	99.42	97.95	96.97
Expenses +	126.29	121.63	113.35	109.21	100.02
Cost of goods	56.46	52.03	52.14	47.97	40.01
Employee cost	13.4	21.15	18.72	23.1	27.09
Other costs	39.16	40.27	36.16	32.85	27.6
Operating profit	-10.12	-14.58	-7.6	-5.97	2.26
Other income	1.1	1.13	0.58	2.05	3.03
Interest	4.56	5.97	4.46	3.74	3.88
Depreciation	12.7	2.22	1.87	1.55	1.44
Exceptional items	-100.79	-4.71	-3.4	-2.56	-2.76
Profit before tax	-127.08	-26.34	-16.75	-11.77	-2.78
Tax	1.52	0.0	0.77	0.0	0.31
Profit - disc. ops	0.0	0.0	0.0	0.0	0.0
Net profit	-128.6	-26.34	-17.52	-11.77	-3.09

Revenue from operations

Ratios

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Solvency +
Total Debt/Equity	-3.1	-1.8	-3.6	4.1	4.5
Net Debt/Equity	-3.1	-1.8	-3.6	4.1	3.5
Total Debt/Assets	0.5	0.6	0.6	0.4	0.4
Total Assets/Equity	-5.9	-3.0	-6.5	9.7	12.3
Liquidity +
Current Ratio	1.3	1.1	1.2	1.8	1.7
Quick Ratio	0.6	0.6	0.6	1.2	1.2
Interest Coverage	-2.2	-2.4	-1.7	-1.6	0.6
Performance
Gross Margin	42.9	47.4	47.5	51.0	58.7
Operating Margin	-10.2	-14.8	-7.7	-6.1	2.3
Net Margin	-128.6	-26.3	-17.5	-11.8	-3.1
Return +
Return on Equity	-	-	-	-161.7	-52.1
Pre-tax ROCE	-110.8	-106.1	-55.0	-22.4	2.6
Return on Assets	-185.1	-32.6	-23.0	-16.7	-4.2
Pre-tax ROIC	-93.0	-77.5	-31.3	-20.4	3.1
Efficiency +
Days Payable	121.0	167.0	161.0	118.0	192.0
Days Inventory	146.0	160.0	191.0	137.0	158.0
Days Receivable	47.0	58.0	71.0	85.0	83.0
Fixed Asset Turnover	9.3	8.0	12.9	11.1	12.2
Total Asset Turnover	1.4	1.2	1.3	1.4	1.3
Working Capital
Cash Conversion Cycle	72.0	51.0	101.0	104.0	49.0
Working Capital Days	37.0	13.0	35.0	92.0	90.0

Ratios

Current ratio

Debt/equity ratio

Charges on assets

As per information available, the company has no registered charges.

People

Designation	Name	DIN/PAN	Tenure
Whole-time Director	Gaganjot Singh	09301803	4 years
Whole-time Director	Florent Chaussade .	09726136	3 years
Director	Shantanu Sudhir Deshpande	10361583	1 years
Director	Ambica Rajagopal	10560559	1 years
Director	Jean Charles Francois Maurice Cambier	10560616	1 years
Director	Ignacio Sanchez Galvez	10710584	1 years
Kmp	Mansi Pramod Jani	<HIDDEN>	1 years

Company Network

Companies connected through Directors

Name	Status	Paid up Capital	Common Directors	Address

Registered Details

CIN

U25119TN2009PTC071454

PAN

AAGCM0107K

Incorporation

2009, 16.0 years

Company Email

csindia@michelin.com

Paid up Capital

₹ 7,120.1 Cr

Authorised Capital

₹ 7,319.8 Cr

AGM

Sep 2024

Type

Private

Non-government Company

FAQ - MICHELIN INDIA PRIVATE LIMITED

What is the incorporation date of MICHELIN INDIA PRIVATE LIMITED?

The incorporation date of MICHELIN INDIA PRIVATE LIMITED is 24 April, 2009

What is the authorized share capital of MICHELIN INDIA PRIVATE LIMITED?

The authorized share capital of MICHELIN INDIA PRIVATE LIMITED is INR ₹ 7,319.8 Cr.

What is the paid-up capital of MICHELIN INDIA PRIVATE LIMITED?

The paid-up capital of MICHELIN INDIA PRIVATE LIMITED is INR ₹ 7,120.1 Cr.

What is the registered address of MICHELIN INDIA PRIVATE LIMITED?

The registered address of MICHELIN INDIA PRIVATE LIMITED is 3RD FLOOR,SHYAMALA TOWERS,136 ARCOT ROAD SALIGRAMAM NA CHENNAI Chennai Tamil Nadu - 600093

What is the CIN number of MICHELIN INDIA PRIVATE LIMITED?

The CIN number of MICHELIN INDIA PRIVATE LIMITED is U25119TN2009PTC071454.

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