Tinna Rubber & Infrastructure Ltd

Tinna Rubber & Infrastructure Ltd

₹ 1,781 1.71%
12 Jul - close price
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]

  • Market Cap 3,051 Cr.
  • Current Price 1,781
  • High / Low 2,179 / 355
  • Stock P/E 75.7
  • Book Value 74.6
  • Dividend Yield 0.17 %
  • ROCE 32.6 %
  • ROE 36.0 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 247% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 28.9%
  • Company has been maintaining a healthy dividend payout of 20.4%
  • Debtor days have improved from 40.7 to 30.0 days.
  • Company's working capital requirements have reduced from 59.3 days to 44.3 days

Cons

  • Stock is trading at 23.9 times its book value
  • Promoter holding has decreased over last quarter: -0.90%

* 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
45 48 53 69 61 82 65 75 73 80 80 93 110
38 40 44 60 52 71 56 67 65 69 67 78 87
Operating Profit 6 9 9 9 9 11 9 8 7 12 13 16 22
OPM % 14% 18% 18% 13% 15% 14% 14% 11% 10% 15% 16% 17% 20%
0 1 1 1 1 1 1 2 4 1 1 1 1
Interest 3 2 2 3 2 2 2 2 2 2 2 2 2
Depreciation 2 2 2 2 2 2 2 1 1 1 2 2 2
Profit before tax 2 5 6 5 6 8 6 6 8 10 10 13 20
Tax % 36% 26% 28% 27% 24% 26% 27% 27% 18% 26% 25% 24% 21%
1 4 4 4 5 6 4 5 7 7 8 10 16
EPS in Rs 0.63 2.16 2.42 2.33 2.89 3.59 2.46 2.75 3.95 4.12 4.45 5.81 9.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
89 316 349 530 69 100 130 123 130 229 295 363
83 303 324 508 67 90 114 114 114 192 258 300
Operating Profit 6 13 25 22 2 10 16 9 17 37 37 63
OPM % 7% 4% 7% 4% 3% 10% 12% 7% 13% 16% 13% 17%
1 21 0 3 2 1 3 2 2 3 7 3
Interest 3 6 10 14 11 10 11 10 10 9 8 8
Depreciation 2 4 5 7 7 7 7 8 8 9 7 6
Profit before tax 2 23 9 5 -14 -6 0 -6 0 23 29 53
Tax % -7% 3% 36% 56% 32% 15% 109% 24% 139% 26% 24% 24%
2 22 6 2 -9 -5 -0 -5 -0 17 22 40
EPS in Rs 0.96 12.94 3.42 1.61 -5.48 -2.92 -0.02 -2.83 -0.08 9.88 12.75 23.52
Dividend Payout % 0% 4% 29% 16% 0% 0% 0% 0% 0% 20% 20% 21%
Compounded Sales Growth
10 Years: 1%
5 Years: 23%
3 Years: 41%
TTM: 23%
Compounded Profit Growth
10 Years: 18%
5 Years: 247%
3 Years: 597%
TTM: 91%
Stock Price CAGR
10 Years: 58%
5 Years: 177%
3 Years: 245%
1 Year: 405%
Return on Equity
10 Years: 9%
5 Years: 18%
3 Years: 29%
Last Year: 36%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 9 9 9 9 9 9 9 9 9 9 9 17
Reserves 35 68 71 73 51 63 63 58 58 69 87 111
33 74 137 144 94 83 78 72 66 71 60 86
15 39 85 71 23 27 26 30 36 41 37 54
Total Liabilities 92 190 301 297 176 181 176 168 169 189 193 268
40 44 86 92 82 77 82 77 77 77 74 130
CWIP 10 13 9 10 2 3 1 3 0 1 0 7
Investments 3 14 18 17 15 27 26 25 24 26 28 31
38 119 188 177 77 74 67 63 69 85 90 100
Total Assets 92 190 301 297 176 181 176 168 169 189 193 268

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 -37 -5 12 7 15 20 17 21 19 32 59
-19 17 -49 -15 -1 4 -4 -2 -5 -12 -10 -70
13 31 52 -4 -5 -19 -16 -15 -15 -6 -21 9
Net Cash Flow 2 11 -3 -7 0 -0 0 0 0 1 1 -1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 43 20 32 100 100 66 68 70 52 40 30
Inventory Days 63 59 172 70 334 212 149 166 181 115 86 85
Days Payable 43 24 70 30 40 61 39 53 81 93 48 66
Cash Conversion Cycle 75 78 122 71 393 251 176 181 169 74 77 49
Working Capital Days 61 59 85 57 191 127 81 70 74 69 64 44
ROCE % 7% 9% 12% 8% -1% 3% 7% 3% 8% 23% 24% 33%

Shareholding Pattern

Numbers in percentages

12 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.81% 73.55% 72.65%
0.59% 0.64% 0.71% 0.75% 0.82% 0.82% 0.82% 0.82% 0.82% 0.82% 0.74% 0.79%
0.00% 0.00% 0.12% 0.53% 0.54% 0.54% 0.54% 0.00% 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%
25.27% 25.22% 25.04% 24.58% 24.51% 24.51% 24.50% 25.05% 25.05% 25.04% 25.39% 26.22%
No. of Shareholders 4,9704,0776,2416,24810,15413,44414,80715,56118,42320,21821,71127,842

* 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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Documents

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