Tolins Tyres Ltd

Tolins Tyres Ltd

₹ 99.1 1.90%
17 Mar 2:41 p.m.
About

Incorporated in 2003, Tolins Tyres
Ltd manufactures PCTR and different
types of tyres[1]

Key Points

Business Overview:[1]
TTL manufactures Precured Tread Rubber (PCTR) and tyres for light commercial, agricultural, and two/three-wheelers under the Tolins Tyres brand. It has also integrated backward to produce Bonding Gum, Vulcanizing Solutions, Tyre Flaps, and Tubes.

  • Market Cap 392 Cr.
  • Current Price 99.1
  • High / Low 202 / 93.6
  • Stock P/E 23.4
  • Book Value 76.2
  • Dividend Yield 0.00 %
  • ROCE 14.2 %
  • ROE 10.9 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 118% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 89.8 to 117 days.
  • Working capital days have increased from 119 days to 256 days

* 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

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
33.81 38.79 40.31 44.55 47.64 49.82 42.03 38.86 63.29 44.60 67.92
28.14 31.51 32.41 37.88 38.23 40.04 36.34 33.20 56.57 41.38 59.41
Operating Profit 5.67 7.28 7.90 6.67 9.41 9.78 5.69 5.66 6.72 3.22 8.51
OPM % 16.77% 18.77% 19.60% 14.97% 19.75% 19.63% 13.54% 14.57% 10.62% 7.22% 12.53%
0.24 0.01 0.96 0.34 0.03 0.08 1.20 1.18 0.72 0.73 0.09
Interest 2.14 2.13 2.04 1.90 1.73 1.73 0.13 0.08 0.19 0.10 0.59
Depreciation 0.33 0.33 0.89 0.55 0.52 0.56 0.36 0.61 0.82 0.86 0.89
Profit before tax 3.44 4.83 5.93 4.56 7.19 7.57 6.40 6.15 6.43 2.99 7.12
Tax % 32.27% 9.11% 45.19% 19.74% 25.17% 25.10% 15.78% 29.59% 25.04% 24.08% 25.98%
2.33 4.39 3.25 3.66 5.38 5.67 5.39 4.33 4.82 2.28 5.28
EPS in Rs 46.60 87.80 1.06 1.19 1.75 1.44 1.36 1.10 1.22 0.58 1.34
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
82 106 113 118 157 178 215
78 100 107 106 130 147 191
Operating Profit 4 6 6 12 28 31 24
OPM % 4% 5% 5% 10% 18% 17% 11%
1 1 1 1 2 2 3
Interest 2 4 4 5 8 4 1
Depreciation 2 2 2 2 2 2 3
Profit before tax 1 1 1 7 19 27 23
Tax % 2% 16% 27% 29% 27% 24%
0 1 1 5 14 21 17
EPS in Rs 55.56 85.56 45.00 99.80 4.45 5.25 4.24
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 16%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 118%
3 Years: 221%
TTM: -17%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -15%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 15%
Last Year: 11%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 0.90 0.90 1 5 15 20 20
Reserves 8 9 9 14 73 274 281
33 46 49 47 62 1 7
23 32 39 17 26 17 17
Total Liabilities 65 88 99 84 176 312 324
13 13 12 19 21 23 22
CWIP 0 7 8 0 5 5 5
Investments 0 0 0 0 40 64 64
52 68 79 65 110 220 233
Total Assets 65 88 99 84 176 312 324

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-1 3 2 -12 -41
-9 -3 0 -49 -52
11 0 -2 62 120
Net Cash Flow 0 0 -0 0 27

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 173 128 119 74 79 117
Inventory Days 50 59 88 145 211 224
Days Payable 115 128 152 52 62 25
Cash Conversion Cycle 108 59 55 167 227 317
Working Capital Days 26 9 12 37 65 256
ROCE % 10% 9% 19% 25% 14%

Insights

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Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Customer Dependence - Top 10 Customers
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Sales Volume - Bonding Gum
Tonnes
Sales Volume - PCTR
Tonnes
Sales Volume - Tyres
Numbers
Capacity Utilization - PCTR (India)
%
Capacity Utilization - PCTR (UAE)
%
Capacity Utilization - Tyres
%
Installed Capacity - PCTR (Precured Tread Rubber)
Tonnes
Installed Capacity - Tyres
Numbers
Sales Volume - Rubber Compound
Tonnes

Shareholding Pattern

Numbers in percentages

Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
68.53% 68.53% 68.53% 68.53% 68.53% 68.53%
5.41% 3.11% 0.75% 0.39% 0.05% 0.18%
2.15% 1.63% 1.70% 2.18% 1.90% 2.25%
23.91% 26.75% 29.03% 28.90% 29.51% 29.03%
No. of Shareholders 60,56850,98053,50252,45353,67152,623

* 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.

Click on the line-items to see the names of individual entities.

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