Tolins Tyres Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Published 16 Jul 2026 | Auto Components | Market Cap: ₹382 Cr
The company expects a minimum top-line growth of 10%, aligned with industry standards, despite earlier aspirations of 20% CAGR (Page 12, 13). Minimum top-line growth expectation is 10% for FY '26, with potential to outperform industry standards as new product lines scale up.
From Tolins Tyres's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Price
₹96.1
Market Cap
₹382 Cr
P/E Ratio
11.7
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Tolins Tyres — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹78 Cr, net profit ₹9 Cr.
Full financials →📊 Revenue & Sales Performance
📈 Profitability & Margins
- →Minimum top-line growth expectation is 10% for FY '26, with potential to outperform industry standards as new product lines scale up.
- →Q3 volumes have normalized post Q2 GST-driven deferment, indicating recovery in sales and demand.
- →EBITDA margins faced pressure in Q2 (13.5%) due to volatile raw material prices and lower volumes but expected to stabilize and improve with new higher-margin business segments like agricultural and tractor tyres, plus government orders.
- →Profit after tax (PAT) margins remained steady around 10% despite quarterly volume fluctuations, supported by cost discipline and operational efficiency.
- →EPS for H1 FY '26 stood at INR 4.16; improvement anticipated as volumes and margins recover in H2.
- →Long-term growth drivers include diversified product portfolio, new recycling initiatives, and export markets expansion, contributing to sustainable value creation over coming years.
🏗️ Capital Expenditure Plans
- →Tolins Tyres is investing around INR 2 crores in a new plant called Terra Rubber focused on recycling scrap from production (3-5% scrap), expected to start by December end or January.
- →This recycling initiative aims to reuse high-quality scrap without compromising product quality, reducing costs and improving PAT margins.
- →The company is also focusing on automation and retaining skilled labor for efficiency and scaling volumes with similar cost structures in coming years.
- →Additionally, Tolins Tyres recently incorporated a subsidiary related to rubber recycling as part of their strategic plans.
- →The company is expanding exports from its UAE facility to the U.S., leveraging favorable tariff conditions.
- →New product lines like tractor rear tyres and growth in two-wheeler segments are strategic priorities aiming to drive growth.
- →Expected benefits of these investments include margin protection, higher volumes, and sustainable growth post transient GST-related demand deferment.
💰 Fundraising & Capital Structure
📋 Order Book & Pipeline
- →Tolins Tyres has a significant order from the Tamil Nadu State Transport Agency, valued at approximately INR 50 crores annually (Page 8).
- →This order was quoted around 18 months prior and experienced delays due to legal challenges before confirmation (Page 14).
- →The agricultural tyre segment is expected to add INR 10 crores from existing lines plus INR 3-4 crores from new tractor rear tyres, totaling around INR 15 crores over the next year (Page 8).
- →The company is optimistic about recovering deferred demand from the GST impact, expecting normalized volumes and improved inquiries in Q3 and H2 FY ’26 (Pages 2, 12).
- →No specific total order book value disclosed, but the company is confident about growth driven by these orders and new product segments (Pages 6, 9).
Key Metrics
Frequently Asked Questions
What were Tolins Tyres Q2 FY26 results?
The company expects a minimum top-line growth of 10%, aligned with industry standards, despite earlier aspirations of 20% CAGR (Page 12, 13). Minimum top-line growth expectation is 10% for FY '26, with potential to outperform industry standards as new product lines scale up.
What is Tolins Tyres share price analysis?
Tolins Tyres currently shows a neutral. The stock trades at a P/E of 11.7 with a market cap of ₹382 Cr. Investors should review the full earnings analysis for detailed insights.
Is Tolins Tyres planning capital expenditure?
Tolins Tyres is investing around INR 2 crores in a new plant called Terra Rubber focused on recycling scrap from production (3-5% scrap), expected to start by December end or January.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.