Tinna Rubber & Infrastructure
Tinna Rubber & Infrastructure
IndustrialsKey Fundamentals
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Key Insights
Strengths
2- Company has delivered good profit growth of 238% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.9%
Weaknesses
2- Promoter holding has decreased over last quarter: -0.37%
- Debtor days have increased from 35.0 to 45.0 days.
Growth Rate
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80 | 80 | 93 | 110 | 136 | 118 | 123 | 129 | 130 | 120 | 139 | 157 | 156 |
| Expenses | 69 | 67 | 78 | 87 | 111 | 98 | 108 | 111 | 109 | 98 | 117 | 129 | 122 |
| Operating Profit | 12 | 13 | 16 | 22 | 25 | 19 | 15 | 18 | 21 | 21 | 22 | 28 | 34 |
| OPM % | 15% | 16% | 17% | 20% | 18% | 16% | 12% | 14% | 16% | 18% | 16% | 18% | 22% |
| Other Income | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 1 | 0 | 0 | 1 | 1 |
| Interest | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 2 | 3 | 3 | 3 |
| Depreciation | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | 4 |
| PBT | 10 | 10 | 13 | 20 | 22 | 16 | 11 | 15 | 16 | 16 | 17 | 23 | 28 |
| Tax % | 26% | 25% | 24% | 21% | 24% | 22% | 25% | 23% | 25% | 28% | 25% | 28% | 25% |
| Net Profit | 7 | 8 | 10 | 16 | 16 | 12 | 8 | 12 | 12 | 12 | 13 | 17 | 21 |
| EPS in Rs | 4.12 | 4.45 | 5.81 | 9.14 | 9.57 | 7.08 | 4.76 | 6.82 | 6.52 | 6.53 | 7.11 | 9.18 | 11.42 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 349 | 530 | 69 | 100 | 130 | 123 | 130 | 229 | 295 | 363 | 505 | 542 | 572 |
| Expenses | 324 | 508 | 67 | 90 | 114 | 114 | 114 | 192 | 258 | 300 | 428 | 449 | 466 |
| Operating Profit | 25 | 22 | 2 | 10 | 16 | 9 | 17 | 37 | 37 | 63 | 77 | 94 | 106 |
| OPM % | 7% | 4.2% | 2.7% | 10% | 12% | 7% | 13% | 16% | 13% | 17% | 15% | 17% | 19% |
| Other Income | 0 | 3 | 2 | 1 | 3 | 2 | 2 | 3 | 7 | 3 | 8 | 2 | 2 |
| Interest | 10 | 14 | 11 | 10 | 11 | 10 | 10 | 9 | 8 | 8 | 11 | 11 | 11 |
| Depreciation | 5 | 7 | 7 | 7 | 7 | 8 | 8 | 9 | 7 | 6 | 10 | 12 | 14 |
| PBT | 9 | 5 | -14 | -6 | 0 | -6 | 0 | 23 | 29 | 53 | 63 | 72 | 84 |
| Tax % | 36% | 56% | -32% | -15% | 109% | -24% | 139% | 26% | 24% | 24% | 24% | 27% | — |
| Net Profit | 6 | 2 | -9 | -5 | 0 | -5 | 0 | 17 | 22 | 40 | 48 | 53 | 62 |
| EPS in Rs | 3.42 | 1.61 | -5.48 | -2.92 | -0.02 | -2.83 | -0.08 | 9.88 | 12.75 | 23.52 | 28.23 | 29.34 | 34.24 |
| Div. Payout % | 29% | 16% | 0% | 0% | 0% | 0% | 0% | 20% | 20% | 21% | 14% | 11% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 17 | 17 | 18 |
| Reserves | 71 | 73 | 51 | 63 | 63 | 58 | 58 | 69 | 87 | 111 | 161 | 282 |
| Borrowings | 137 | 144 | 94 | 83 | 78 | 72 | 66 | 71 | 60 | 86 | 135 | 129 |
| Other Liabilities | 85 | 71 | 23 | 27 | 26 | 30 | 36 | 41 | 37 | 54 | 72 | 100 |
| Total Liabilities | 301 | 297 | 176 | 181 | 176 | 168 | 169 | 189 | 193 | 268 | 385 | 529 |
| Fixed Assets | 86 | 92 | 82 | 77 | 82 | 77 | 77 | 77 | 74 | 130 | 185 | 249 |
| CWIP | 9 | 10 | 2 | 3 | 1 | 3 | 0 | 1 | 0 | 7 | 11 | 42 |
| Investments | 18 | 17 | 15 | 27 | 26 | 25 | 24 | 26 | 28 | 31 | 40 | 34 |
| Other Assets | 188 | 177 | 77 | 74 | 67 | 63 | 69 | 85 | 90 | 100 | 149 | 204 |
| Total Assets | 301 | 297 | 176 | 181 | 176 | 168 | 169 | 189 | 193 | 268 | 385 | 529 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -5 | 12 | 7 | 15 | 20 | 17 | 21 | 19 | 32 | 59 | 36 | 57 |
| Investing | -49 | -15 | -1 | 4 | -4 | -2 | -5 | -12 | -10 | -70 | -68 | -103 |
| Financing | 52 | -4 | -5 | -19 | -16 | -15 | -15 | -6 | -21 | 9 | 33 | 44 |
| Net Cash Flow | -3 | -7 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | -1 | 2 | -1 |
| Free Cash Flow | -40 | -5 | 0 | 12 | 15 | 14 | 15 | 9 | 24 | -13 | -31 | -49 |
| CFO/OP | -12 | 74 | 388 | 164 | 127 | 199 | 126 | 51 | 102 | 112 | 63 | 75 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 20 | 32 | 100 | 100 | 66 | 68 | 70 | 52 | 40 | 30 | 30 | 45 |
| Inventory Days | 172 | 70 | 334 | 212 | 149 | 166 | 181 | 115 | 86 | 85 | 83 | 99 |
| Days Payable | 70 | 30 | 40 | 61 | 39 | 53 | 81 | 93 | 48 | 66 | 62 | 80 |
| Cash Conversion Cycle | 122 | 71 | 393 | 251 | 176 | 181 | 169 | 74 | 77 | 49 | 51 | 64 |
| Working Capital Days | -16 | -3 | -61 | -36 | -32 | -45 | 74 | 5 | 21 | 6 | 6 | 11 |
| ROCE % | 12% | 8% | -1% | 3% | 7% | 3% | 8% | 23% | 24% | 33% | 28% | 22% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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57 extracted metrics + investor summaries across FY15–FY27.
Documents
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Company Information
Tina Rubber & Infrastructure Ltd is primarily engaged in conversion of End of life tyres (ELT) into crumb rubber and steel wires obtained in the process.[1]
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