Tinna Rubber & Infrastructure Ltd

Tinna Rubber Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Tinna Rubber & Infrastructure Ltd

₹ 1,288 5.00%
22 Nov - close price
tinna.in BSE: 530475
About

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]

Key Points

Business Overview
The Company is primarily engaged in recycling of the waste tyres/end of life tyres (ELT) and manufacturing of value added products. It manufactures crumb rubber, crumb rubber modifier (CRM), crumb rubber modified bitumen (CRMB), polymer modified bitumen (PMB), bitumen emulsion, reclaimed rubber/ ultrane crumb rubber compound, cut wire shots etc. Products are primarily used for making/ repairing the road, tyres and auto part industry. [1]

Website BSE
  • Market Cap ₹ 2,207 Cr.
  • Current Price ₹ 1,288
  • High / Low ₹ 2,179 / 517
  • Stock P/E 45.8
  • Book Value ₹ 87.7
  • Dividend Yield 0.39 %
  • ROCE 31.1 %
  • ROE 33.4 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 178% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 27.0%
  • Company has been maintaining a healthy dividend payout of 21.0%
  • Debtor days have improved from 41.1 to 31.2 days.
  • Company's working capital requirements have reduced from 58.6 days to 42.2 days

Cons

  • Stock is trading at 14.7 times its book value
  • Promoter holding has decreased over last quarter: -0.71%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plantation & Plantation Products Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
53 66 61 83 65 75 73 81 80 93 110 136 117
43 57 52 71 56 67 65 68 67 78 89 113 99
Operating Profit 10 9 9 12 10 8 7 12 13 15 21 23 18
OPM % 18% 14% 15% 15% 15% 11% 10% 15% 16% 16% 19% 17% 16%
1 1 1 0 1 2 3 0 0 0 0 1 0
Interest 2 3 2 2 2 2 2 2 2 2 2 2 3
Depreciation 2 2 2 2 2 1 1 1 1 1 2 2 2
Profit before tax 6 6 6 8 6 6 8 10 10 12 18 19 14
Tax % 26% 27% 25% 26% 25% 27% 20% 26% 25% 25% 23% 26% 25%
4 4 5 6 5 5 6 7 8 9 14 14 11
EPS in Rs 2.58 2.35 2.75 3.53 2.66 2.70 3.55 4.11 4.41 5.40 8.21 8.33 6.18
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
89 93 94 100 69 100 130 123 130 229 295 364 456
83 82 74 83 67 90 114 113 112 192 258 302 379
Operating Profit 6 11 20 16 2 10 16 10 18 37 37 62 77
OPM % 7% 12% 21% 16% 3% 10% 12% 8% 14% 16% 13% 17% 17%
1 20 1 1 2 1 3 2 2 3 6 1 2
Interest 3 4 6 9 11 10 11 10 10 9 8 7 9
Depreciation 2 4 5 5 7 7 7 8 8 9 7 6 7
Profit before tax 1 23 10 3 -14 -6 0 -5 2 23 28 50 64
Tax % -9% 7% 28% 43% -32% -16% 147% -29% 29% 26% 25% 25%
2 22 7 2 -10 -5 -0 -4 1 17 21 38 48
EPS in Rs 0.93 12.73 4.11 0.97 -5.56 -2.88 -0.09 -2.27 0.65 9.84 12.43 22.12 28.12
Dividend Payout % 0% 4% 24% 26% 0% 0% 0% 0% 0% 20% 20% 23%
Compounded Sales Growth
10 Years: 15%
5 Years: 23%
3 Years: 41%
TTM: 48%
Compounded Profit Growth
10 Years: 17%
5 Years: 178%
3 Years: 227%
TTM: 91%
Stock Price CAGR
10 Years: 39%
5 Years: 164%
3 Years: 174%
1 Year: 109%
Return on Equity
10 Years: 9%
5 Years: 17%
3 Years: 27%
Last Year: 33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 17 17
Reserves 35 56 61 62 52 64 64 60 62 72 90 111 133
33 41 60 87 94 83 78 72 66 71 60 85 115
15 24 26 24 23 27 26 30 36 41 37 54 69
Total Liabilities 92 130 156 182 177 182 177 170 173 192 196 267 333
37 44 57 64 82 77 82 77 77 77 74 118 132
CWIP 10 13 8 10 2 3 1 3 0 1 0 6 20
Investments 6 18 23 23 16 28 27 27 27 29 31 45 45
38 55 67 85 77 74 67 63 69 85 90 98 136
Total Assets 92 130 156 182 177 182 177 170 173 192 196 267 333

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
7 2 10 -2 7 15 20 17 21 19 32 59
-18 -10 -23 -16 -1 4 -4 -2 -5 -12 -10 -70
13 5 14 18 -5 -19 -16 -15 -15 -6 -21 10
Net Cash Flow 2 -2 0 -0 0 -0 0 0 0 1 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 54 61 46 45 100 100 66 68 70 52 40 31
Inventory Days 65 121 288 300 334 212 149 166 181 115 86 78
Days Payable 44 40 41 32 40 61 39 53 81 93 48 66
Cash Conversion Cycle 75 142 294 313 393 251 176 181 169 74 77 43
Working Capital Days 62 66 92 136 191 127 81 70 74 69 64 42
ROCE % 7% 9% 14% 8% -2% 3% 7% 3% 8% 22% 23% 31%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.55% 72.65% 71.94%
0.64% 0.71% 0.75% 0.82% 0.82% 0.82% 0.82% 0.82% 0.82% 0.74% 0.79% 1.25%
0.00% 0.12% 0.53% 0.54% 0.54% 0.54% 0.00% 0.00% 0.00% 0.00% 0.00% 0.05%
0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33%
25.22% 25.04% 24.58% 24.51% 24.51% 24.50% 25.05% 25.05% 25.04% 25.39% 26.22% 26.43%
No. of Shareholders 4,0776,2416,24810,15413,44414,80715,56118,42320,21821,71127,84234,750

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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