Any current/future capex/capital investment/strategic investment?

Planned capex of approximately INR50 crores for FY '25, with around INR28 crores already committed and initiated. Significant progress is being made on several key projects linked to this capex. International expansion includes setting up a new tyre recycling plant in Saudi Arabia (Tinna Rubber Arabia LLC) with a capacity of 24,000 tons per annum and a capex of approximately INR20 crores, targeted to start production in the first half of 2026. Advanced negotiations for a new joint venture in South Africa, with first phase operations expected as early as Q3 of the current financial year. Capaci

Future growth expectations in sales/revenue/volumes?

Tinna Rubber targets revenues of INR 500 crores in FY '25, with strong confidence based on Q1 performance. Ambitious plans to grow to INR 700 crores by FY '26 and INR 900 crores by FY '27. Expect to continue robust volume growth in tyre recycling; 75% YoY volume growth achieved in Q1 FY '25. Infrastructure segment growing steadily, supported by large contracts (e.g., 15,000 tons of crumb rubber modified bitumen). Industrial segment showing remarkable growth (~82% YoY); finer grades of MRP growing 25% YoY. Consumer segment growth is strong (98% YoY), aided by new capacities at Varle plant. Expo

Future growth expectations in earnings/operating earnings/profits/EPS?

The company aims to achieve revenues of INR700 crores in FY '26 and INR900 crores in FY '27. EBITDA margins are expected to remain stable around 16.5%-18%, with operational efficiencies offsetting possible disruptions. Q1 FY '25 showed a 69% YoY growth in consolidated top line and 40% YoY growth in EBITDA, indicating strong momentum. Net profit grew 130% YoY in Q1 FY '25, reflecting improving operating leverage and profitability. Expansion plans include commissioning of the Varle plant (INR80-100 crores revenue potential at full capacity) and new international plants (Saudi Arabia, Sou

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention the current or expected order book value or pending orders in specific numbers. However, key highlights related to demand include: - Strong growth across segments, especially 75% year-on-year volume growth in tyre recycling and 51% volume growth in exports. - Infrastructure segment maintains peak season momentum with a 48% YoY growth in Q1 FY '25. - New contracts secured for 15,000 tons of crumb rubber modified bitumen, indicating strong positioning in the Infra sector. - Expansion plans include a new tyre recycling plant in Saudi Arabia (24,0

IN US

Sale is live|00:00:00left today

Tinna Rubber & Infrastructure LtdQ2 FY24Industrial Products

Tinna Rubber & Infrastructure Ltd Q2 FY24 Earnings Call Analysis

Revenue, margin, capex, fundraise and order book outlook from management commentary.

Price: ₹926P/E: 26.1Market Cap: ₹1.3K CrSector: Industrial Products

Management growth scorecard

Revenue

Category 1

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

3 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 1

→Tinna Rubber targets revenues of INR 500 crores in FY '25, with strong confidence based on Q1 performance.
→Ambitious plans to grow to INR 700 crores by FY '26 and INR 900 crores by FY '27.
→Expect to continue robust volume growth in tyre recycling; 75% YoY volume growth achieved in Q1 FY '25.
→Infrastructure segment growing steadily, supported by large contracts (e.g., 15,000 tons of crumb rubber modified bitumen).
→Industrial segment showing remarkable growth (~82% YoY); finer grades of MRP growing 25% YoY.
→Consumer segment growth is strong (98% YoY), aided by new capacities at Varle plant.
→Exports increased substantially by 51% YoY, with a focus on building this business.
→Expansion planned internationally (Saudi Arabia, South Africa) and domestically, raising capacity to 150,000 tons by year-end.
→Operational efficiencies expected to sustain EBITDA margins around 16.5%-18%.

Margin guidance

Category 3

→The company aims to achieve revenues of INR700 crores in FY '26 and INR900 crores in FY '27.
→EBITDA margins are expected to remain stable around 16.5%-18%, with operational efficiencies offsetting possible disruptions.
→Q1 FY '25 showed a 69% YoY growth in consolidated top line and 40% YoY growth in EBITDA, indicating strong momentum.
→Net profit grew 130% YoY in Q1 FY '25, reflecting improving operating leverage and profitability.
→Expansion plans include commissioning of the Varle plant (INR80-100 crores revenue potential at full capacity) and new international plants (Saudi Arabia, South Africa), supporting future earnings growth.
→EPR (Extended Producer Responsibility) credits are expected to continue contributing to revenues, with a safe valuation of INR2 per unit.
→Company targets improvement in sustainable, higher-margin products (finer MRP grades), aiding profit growth over the next few years.

3 more insights locked — sign up free to unlock

Fundraise plans

Yes

- The company may take around INR 20 crores of term loans (debt) in the current financial year to support expansion plans. - The management indicated the possibility of adding these term loans depending on the speed of execution. - There was no mention of any planned new equity fundraising in the transcript. - The INR 20 crores of term loans is indicated as a maximum expected addition for the year. - The company is focused on funded growth and managing expansion via manageable debt levels. No indications of new equity issuance were provided in the call or documents.

Order book

→The transcript does not explicitly mention the current or expected order book value or pending orders in specific numbers.
→However, key highlights related to demand include:
→ - Strong growth across segments, especially 75% year-on-year volume growth in tyre recycling and 51% volume growth in exports.
→ - Infrastructure segment maintains peak season momentum with a 48% YoY growth in Q1 FY '25.
→ - New contracts secured for 15,000 tons of crumb rubber modified bitumen, indicating strong positioning in the Infra sector.
→ - Expansion plans include a new tyre recycling plant in Saudi Arabia (24,000 tons capacity) and a JV in South Africa expected to start by Q3 FY '25.
→ - Capacity expansion to 150,000 tons by year-end to meet growing production demand.
→Overall, the company is confidently progressing towards revenue targets of INR700 crores in FY '26 and INR900 crores in FY '27, implying a strong and growing order pipeline.

Capex plans

Yes

→Planned capex of approximately INR50 crores for FY '25, with around INR28 crores already committed and initiated.
→Significant progress is being made on several key projects linked to this capex.
→International expansion includes setting up a new tyre recycling plant in Saudi Arabia (Tinna Rubber Arabia LLC) with a capacity of 24,000 tons per annum and a capex of approximately INR20 crores, targeted to start production in the first half of 2026.
→Advanced negotiations for a new joint venture in South Africa, with first phase operations expected as early as Q3 of the current financial year.
→Capacity expansion to produce MRP at South India plant and addition of mobile vending units to cater better to infrastructure segment demand.
→Possible addition of INR20 crores of term loans in the current financial year to support expansion plans.

How does Tinna Rubber & Infrastructure Ltd rank vs peers in Industrial Products?

Pro feature

1Tinna Rubber & Infrastructure Ltd

Rev 1Mar 3

See full Industrial Products sector rankings

Want more stocks like Tinna Rubber & Infrastructure Ltd?

Build an AI portfolio filtered by sector, market cap, and growth rank. Takes 2 minutes.

Build my portfolio