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Tinna Rubber and Infrastructure Limited

Tinna Rubber and Infrastructure Limited

TINNARUBR.BO
Tinna Rubber and Infrastructure LimitedIN flagBombay Stock Exchange
842.60
INR
+10.75
- -
15.18BMarket Cap
Tinna Rubber and Infrastructure Limited
TINNARUBR.BO
(Bombay Stock Exchange)

Recent

price

842.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
68.69
61.65
52.5
185.02
203.45
309.28
39.54
57.85
74.79
71.65
73.57
133.05
171.7
211.37
295.02
306.54
312.57
Revenue per Share
0.37
3.62
0.97
12.96
3.41
1.61
-5.47
-2.92
-0.02
-2.83
-0.08
9.86
12.73
23.52
28.23
29.68
30.26
Basic EPS, GAAP
-2.6
-6.37
-9.15
-33.23
-22.4
-1.57
-1.24
7.15
8.39
8.15
8.93
4.92
14.09
-7.96
-19.61
-29.2
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
0.56
1.15
0.25
- -
- -
- -
- -
- -
2
5.45
2
3.93
- -
Dividend per Share
10.81
8.61
14.69
27
28.16
29.53
23.78
21.4
21.38
18.76
18.74
24.75
35.58
58.78
84.97
10.12
10.32
Book Value per Share
21.86
24.6
25.76
44.77
50.56
40.6
34.85
41.62
41.61
38.4
38.57
45.07
55.93
74.52
103.94
168.68
172
Tangible Book Value per Share
17
17
17
17
17
17
17
17
17
17
17
17
17
17
17
18
17
Basic Weighted Avg Shares
1,173
1,056
891
3,159
3,485
5,298
677
991
1,281
1,227
1,260
2,279
2,941
3,621
5,053
5,458
5,458
Sales/Revenue/Turnover
2.96
4.25
3.7
2.5
6.15
3.61
-5.88
4.45
8.95
3.2
9.25
14.15
11.95
15.92
13.15
14.88
14.88
Operating Margin (%)
11
12
22
38
54
66
68
72
73
76
79
86
71
64
97
123
123
Depreciation Expense
6
62
16
221
58
28
-94
-50
- -
-48
-1
169
218
403
484
528
528
Net Income, GAAP
62.89
16.33
- -
3.08
35.58
55.71
- -
- -
108.05
- -
142.52
26
24.11
23.54
23.55
26.59
26.59
Effective Tax Rate (%)
0.54
5.88
1.84
7.01
1.68
0.52
-13.84
-5.04
-0.03
-3.95
-0.11
7.41
7.41
11.13
9.57
9.68
9.68
Profit Margin (%)
41
54
7
46
-9
-43
-94
-77
-90
-134
-138
58
212
85
179
195
195
Working Capital
9
4
121
93
366
355
376
310
315
291
243
304
254
476
664
460
460
LT Debt
373
421
438
766
867
696
597
713
713
668
668
774
960
1,278
1,782
3,004
3,004
Total Equity
2.56
6.92
- -
6.9
7.44
4.4
- -
- -
-0.6
- -
-3.56
16.62
17.3
23.74
19.16
15.85
15.85
Return on Invested Capital (%)
2.33
19.93
- -
30.93
7.52
5.26
- -
- -
-0.72
- -
-4
21.71
23.16
29.36
24.28
28.45
28.45
Return on Capital (%)
3.5
37.38
8.26
62.32
12.38
5.57
-20.53
-12.92
-0.1
-14.09
-0.43
45.36
42.19
49.85
39.27
64.62
64.62
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
614
- -
831
LT Borrowings
426
- -
382
LT Finance Leases
5
- -
78
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
18
- -
18
Market Capitalization
16,125
13,559
9,317

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,682
- -
1,884
Cash, Cash Equivalents & STI
117
- -
68
Accounts Receivable, Net
513
- -
670
Inventories
762
- -
764
Total Current Liabilities
1,302
- -
1,689
Payables & Accruals
- -
- -
- -
ST Debt
614
- -
831
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.99%
36.22%
68.63%
Free Cash Flow
-49.05%
37.15%
54.76%
Net Income, GAAP
4.59%
-2,438.47%
9.29%
Sales/Revenue/Turnover
16.74%
36.12%
8.01%
Total Cash Common Dividend
- -
- -
104.11%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
805
797
930
1,089
3,621
2025
1,360
1,176
1,227
1,290
5,053
2026
1,303
1,195
1,391
1,570
5,458

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4.12
4.45
5.81
- -
23.52
2025
9.57
7.08
4.76
6.82
28.23
2026
6.84
6.87
7.22
9.28
29.68

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
5.45
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
3.93
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Business
Tinna Rubber and Infrastructure Limited (TINNARUBR.BO), founded in 1987 and headquartered in New Delhi, India, specializes in recycling end-of-life tires into value-added rubber products; it manufactures crumb rubber powder, micronized rubber powder, high tensile reclaim rubber, coated rubber powder, crumb rubber modifier, crumb rubber and polymer modified bitumen, bitumen emulsions, steel abrasives, reclaimed rubber compounds, cut wire shots, polymer composites, thermoplastic rubber compounds, thermoplastic elastomers, and thermoplastic vulcanizates; the company operates five state-of-the-art recycling plants across India with pan-India presence and exports to international markets including Europe, Russia, and serves industries such as road construction, tire and auto parts, conveyor belts, rubber mats, gym tiles, and sports surfaces. In 2024, the company diversified into masterbatches, polymer compounds, and composites through new facilities including a passenger car radial tire recycling plant at Varle, Maharashtra, and a polymer composites/TPR/TPV plant at Panipat, Haryana; it completed the acquisition of Global Recycle LLC in Oman for INR 127.5 million and signed a joint venture agreement with Lionshare Holdings Ltd. and Mbodla Investments Ltd. for operations in South Africa, where Phase 1 capex is completed with exports of 24,000 end-of-life tires underway and breakeven expected by March 2026; additionally, Tinna established Tinna Rubber Arabia Ltd. in Saudi Arabia with a 13,000-square-meter plot allocated for a 24,000 MT per annum tire recycling plant targeting mid-FY27 operations, invested INR 450 million in greenfield projects, upgraded its credit rating to BB+ by CARE, introduced an ESOP scheme, and partnered with ITTAC/ATMA on the Crumb Rubber Project.