Tinna Rubber & Infrastructure Ltd

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

Tinna Rubber & Infrastructure Ltd

₹ 904 0.41%
25 Apr 12:26 p.m.
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 ₹ 1,549 Cr.
  • Current Price ₹ 904
  • High / Low ₹ 940 / 206
  • Stock P/E 51.8
  • Book Value ₹ 63.8
  • Dividend Yield 0.32 %
  • ROCE 22.7 %
  • ROE 22.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 44.7% CAGR over last 5 years
  • Debtor days have improved from 53.9 to 39.6 days.

Cons

  • Stock is trading at 14.2 times its book value

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
37.75 44.66 48.43 53.07 66.37 61.36 82.81 65.38 75.20 76.05 81.05 80.43 93.18
32.53 38.36 39.81 43.32 57.01 52.15 70.73 55.75 66.89 65.29 68.50 67.33 78.12
Operating Profit 5.22 6.30 8.62 9.75 9.36 9.21 12.08 9.63 8.31 10.76 12.55 13.10 15.06
OPM % 13.83% 14.11% 17.80% 18.37% 14.10% 15.01% 14.59% 14.73% 11.05% 14.15% 15.48% 16.29% 16.16%
0.94 0.24 0.54 0.52 1.37 0.96 0.00 0.55 1.69 0.00 0.00 0.13 0.29
Interest 2.35 2.58 2.08 2.09 3.03 1.78 1.70 1.80 2.21 2.03 1.72 1.75 1.56
Depreciation 1.88 2.28 2.07 2.17 2.19 2.15 2.21 2.26 1.48 1.14 1.30 1.37 1.41
Profit before tax 1.93 1.68 5.01 6.01 5.51 6.24 8.17 6.12 6.31 7.59 9.53 10.11 12.38
Tax % 19.69% 36.31% 26.15% 26.46% 27.04% 24.84% 26.19% 25.49% 27.10% 20.03% 26.23% 25.32% 25.36%
1.54 1.07 3.69 4.42 4.01 4.70 6.03 4.55 4.61 6.07 7.02 7.56 9.25
EPS in Rs 0.90 0.63 2.16 2.58 2.35 2.75 3.53 2.66 2.70 3.55 4.11 4.41 5.40
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
106 89 93 94 100 69 100 130 123 130 229 295 331
100 83 82 74 83 67 90 114 113 112 192 258 279
Operating Profit 6 6 11 20 16 2 10 16 10 18 37 37 51
OPM % 6% 7% 12% 21% 16% 3% 10% 12% 8% 14% 16% 13% 16%
5 1 20 1 1 2 1 3 2 2 3 6 0
Interest 2 3 4 6 9 11 10 11 10 10 9 8 7
Depreciation 1 2 4 5 5 7 7 7 8 8 9 7 5
Profit before tax 7 1 23 10 3 -14 -6 0 -5 2 23 28 40
Tax % 16% -9% 7% 28% 43% 32% 16% 147% 29% 29% 26% 25%
6 2 22 7 2 -10 -5 -0 -4 1 17 21 30
EPS in Rs 3.64 0.93 12.73 4.11 0.97 -5.56 -2.88 -0.09 -2.27 0.65 9.84 12.43 17.47
Dividend Payout % 0% 0% 4% 24% 26% 0% 0% 0% 0% 0% 20% 20%
Compounded Sales Growth
10 Years: 13%
5 Years: 24%
3 Years: 34%
TTM: 16%
Compounded Profit Growth
10 Years: 29%
5 Years: 45%
3 Years: 97%
TTM: 50%
Stock Price CAGR
10 Years: 45%
5 Years: 115%
3 Years: 273%
1 Year: 318%
Return on Equity
10 Years: 5%
5 Years: 9%
3 Years: 16%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 9 17
Reserves 34 35 56 61 62 52 64 64 60 62 72 90 92
17 33 41 60 87 94 83 78 72 66 71 60 62
9 15 24 26 24 23 27 26 30 36 41 37 38
Total Liabilities 68 92 130 156 182 177 182 177 170 173 192 196 210
20 37 44 57 64 82 77 82 77 77 77 74 78
CWIP 8 10 13 8 10 2 3 1 3 0 1 0 2
Investments 6 6 18 23 23 16 28 27 27 27 29 31 43
34 38 55 67 85 77 74 67 63 69 85 90 88
Total Assets 68 92 130 156 182 177 182 177 170 173 192 196 210

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
0 7 2 10 -2 7 15 20 17 21 19 32
-2 -18 -10 -23 -16 -1 4 -4 -2 -5 -12 -10
1 13 5 14 18 -5 -19 -16 -15 -15 -6 -21
Net Cash Flow 0 2 -2 0 -0 0 -0 0 0 0 1 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 54 54 61 46 45 100 100 66 68 70 52 40
Inventory Days 28 65 121 288 300 334 212 149 166 181 115 86
Days Payable 13 44 40 41 32 40 61 39 53 81 93 48
Cash Conversion Cycle 69 75 142 294 313 393 251 176 181 169 74 77
Working Capital Days 69 62 66 92 136 191 127 81 70 74 69 64
ROCE % 10% 7% 9% 14% 8% -2% 3% 7% 3% 8% 22% 23%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.55%
0.00% 0.59% 0.64% 0.71% 0.75% 0.82% 0.82% 0.82% 0.82% 0.82% 0.82% 0.74%
0.00% 0.00% 0.00% 0.12% 0.53% 0.54% 0.54% 0.54% 0.00% 0.00% 0.00% 0.00%
0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33% 0.33%
25.86% 25.27% 25.22% 25.04% 24.58% 24.51% 24.51% 24.50% 25.05% 25.05% 25.04% 25.39%
No. of Shareholders 4,6344,9704,0776,2416,24810,15413,44414,80715,56118,42320,21821,711

* 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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