TickerSutra

NSE: TINNARUBR · BSE: 530475 · ISIN INE015C01016

Tinna Rubber and Infrastructure Limited stock analysis

Tinna Rubber and Infrastructure Limited ranks #543 in the TickerSutra evidence-ranked universe with a score of 63/100 and 95% data confidence. The latest captured fundamentals show ROCE of 22.5%, quarterly sales growth of 19.9% and quarterly profit growth of 75.2%.
Complete evidence gate watch governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE63/100

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#543 of 5,430 ranked equities
Market capitalisation₹1,842.31cr
ROCE22.5%
Quarterly sales growth19.9%
Quarterly profit growth75.2%
P/E ratio29.9×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • ROCE is 22.5%
  • 22.5% three-year sales CAGR
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • No calculated threshold risk in the current snapshot.

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹229cr₹37cr₹17cr16.0%
2023₹295cr₹37cr₹22cr13.0%
2024₹363cr₹63cr₹40cr17.0%
2025₹505cr₹77cr₹48cr15.0%
2026₹542cr₹94cr₹53cr17.0%
TTM₹572cr₹106cr₹62cr19.0%
Debt / equity0.43×
CFO / EBITDA0.61×
Operating margin19.0%
Free cash flow₹-49cr
Sales CAGR · 3Y22.5%
Profit CAGR · 3Y34.1%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

0 positive catalysts0 negative catalysts3 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Capacity expansion plansHigh severity · 11 mentions
Positive catalyst

The inventory of accrued EPR credits up to 31st March 2026 was fully monetized within Q1 FY27. Looking ahead, we remain confident in our growth trajectory with in vestment in capacity expansion, product diversification and international markets beginning to deliver results. Backed by a strong operational foundation, robust project pipeline and clear strategic direction, we are well positioned to sustain momentum and

Margin expansionHigh severity · 6 mentions
Positive catalyst

This performance is the outcome of our sustained focus over the past few years on enhancing profitability through operational efficiencies, cost discipline and increasing share of value-added products. We are pleased to see these st rategic initiatives translating into tangible results, reflecting in our margin expansion and continued commitment to creating long -term value for all stakeholders. The following strateg

Export market updatesHigh severity · 4 mentions
Constructive

The inventory of accrued EPR credits up to 31st March 2026 was fully monetized within Q1 FY27. Looking ahead, we remain confident in our growth trajectory with in vestment in capacity expansion, product diversification and international markets beginning to deliver results. Backed by a strong operational foundation, robust project pipeline and clear strategic direction, we are well positioned to sustain momentum and

Raw material inflationHigh severity · 11 mentions
Risk easing

Exports volume delivered robust 46% Y-o-Y growth despite global economic headwinds, supported by a healthy order pipeline. Rising raw material costs and increasing focus on ESG goals within the tire manufacturin g industry continued to drive demand in the industrial segment. The Infrastructure segment delivered 7% revenue growth in Q1 FY27, supported by increased bituminous road surfacing activity.

Capacity commissioningHigh severity · 1 mention
Positive catalyst

Building on this foundation, we have initiated Phase II of the South Africa project, which will enable full-scale tyre recycling capabilities. Commercial production of crumb rubber is expected to commence during Q2 FY27, strengthening our presence in the African market and improving access to regional customers and feedstock sources. In Saudi Arabia, we continued to advance our expansion plans with land allocated for

Niche productsHigh severity · 2 mentions
Positive catalyst

During FY26, Tinna continued to im- prove manufacturing efficiencies through higher capacity utilisation, better raw material flexibility, enhanced pro- cess optimisation and increased production of value-added products. 62 Tinna Rubber and Infrastructure Ltd Annual Report 2025-26 The Company also continued to optimise its product mix by increasing the share of specialised products with supe- rior margins and stronge

Management confidenceHigh severity · 2 mentions
Constructive

Tinna Rubber & Infrastructure Limited July 22, 2026 Page 6 of 18 We further strengthened our market presence by securing the exclusive distributorship for Zibo TAA Metal Technology China for Steel Abrasives across India. W ith customer transition underway from Q4 FY27, we remain confident of achieving approximately 50% volume growth in our Steel Abrasive business during FY27. Coming to financial performance, achieved

Institutional interestModerate severity · 12 mentions
Positive catalyst

We strengthened our presence in India's capital markets through our successful listing on the National Stock Exchange of India (NSE) in April 2025, complementing our existing listing on the BSE. Earlier in the year, the Company successfully raised approximately ₹78.7 crore through a Qualiied Institutional Placement (QIP), attracting participation from marquee institutional investors including ICICI Prudential Mutual

Regulatory updatesModerate severity · 38 mentions
Watch

Digital platforms such as the Udyam Assist Platform can facilitate the formalisation of unauthorised recyclers, while targeted financial assis- tance and one-time waivers of outstanding environmental liabilities may support infrastructure upgrades, subject to future compliance. INDUSTR Y STRUCTURE AND DEVELOPMENT India is poised to become one of the fastest-growing tyre recycling markets globally, supported by the ra

Regulatory approvalLow severity · 21 mentions
Watch

The median remuneration of employees of the Company during FY2026 was approx. - Remuneration paid t o Independent Directors, Non-Executive, includes sitting fees for Board meetings attended during FY2026 and remuneration in equal proportion for an amount of up to 0.25% of the profit after tax of FY2025, duly approved by the shareholders of the Company. R avindra Chhabra, ceased to be Chief Financial Officer of the Co

MANAGEMENT PROMISE LEDGER

Quantified statements on the clock

CapacityTracking

“Of course, this is subject to normalization of the geopolitical situation in the Middle East. Looking ahead, we remain focused on delivering our Vision 2029 objectives through capacity expansions, new product development, sustainability -led investments and on expanding our global footprint, we are targeting presence across 10 locations and re venue of INR1,000 crores by FY29, while maintaining 25% plus revenue CAGR,”

Open the full Promise Ledger

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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