Current/ Expected Orderbook/ Pending Orders?

The management did not provide explicit current or expected order book figures during the call. For TP Buildtech, they expect moderate growth and have laid the foundation for growth over the next 2-3 years with new plants and products. The order pipeline for Q4 FY'26 and FY'27 was asked but no specific numbers were shared; management expressed confidence in achieving revenue and growth targets. Business segments like infrastructure and consumer are witnessing growth post-monsoon, indicating improving demand. Overall, with capacity expansions, new plants (RCB and pyrolysis), and overseas operat

Any current/future new fundraising through debt or equity?

There is no explicit mention of any new fundraising through debt or equity in the transcript. Current debt repayment plans involve repaying approximately INR 10 crores per year over the next two years. The company is undertaking capital expenditure (capex) for capacity expansion (e.g., tire crushing capacity to 235,000 tons and new plants like RCB, pyrolysis). The management indicates ongoing capex projects and expects new revenue streams from these expansions but has not indicated raising new funds via debt or equity at this time. Cash balance is around INR 5 crores, with no mention of a need

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

Completed capex of approximately INR 79 crores during the nine-month period of FY '26. Planned additional capex of around INR 50 crores over the balance of FY '26 and FY '27. Capex includes setting up RCB and pyrolysis plants, strengthening PCMB business, and expanding overseas operations (Saudi Arabia, South Africa). Expansion of tire recycling capacity from current 185,000 tons toward 235,000-250,000 tons in the near future. Renewable energy capacity being scaled up from 1.23 MW to 4.48 MW, targeted for completion by end of Q4 FY '26. New plant near Kolkata for concrete admixtures launched;

Future growth expectations in sales/revenue/volumes?

The company expects consistent revenue growth of around 15% to 18%, potentially reaching 20% year-on-year from FY '27 onwards. FY '26 revenue guidance is around INR 535-540 crores, with confidence to meet INR 540 crores. With new capex (RCB and pyrolysis plants, PCMB business, overseas expansions), revenue for FY '27 is expected to be around INR 700 crores or more. Export volumes are targeted to grow robustly by 30% by end of Q4 FY '26. TP Buildtech anticipates moderate growth in FY '26, aiming to finish at par or slightly higher than previous year (INR 56-61 crores). PCMB business volume targ

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

The company expects revenue of around INR700 crores in FY '27, driven by new capacities like the pyrolysis and RCB plants. For FY '26, revenue guidance is INR535-540 crores with 8%-9% growth over previous year, confidence in meeting this target. Earnings growth prospects are supported by scaling up of plants, new product mix, and operational efficiencies. EBITDA margin targeted around 16%-18%, with some variation across verticals but generally stable. Vision 2028 aims for INR1,000 crores revenue, considered achievable based on current capex and expansions. Capacity utilization for new plants e

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Tinna Rubber & Infrastructure LtdQ4 FY27Industrial Products

Tinna Rubber & Infrastructure Ltd Q4 FY27 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 3

Margin

Category 3

Fundraise

N/A

Order

N/A

Capex

Yes

1 of 3 growth signals are positive — mixed outlook.

Full analysis

Revenue guidance

Category 3

→The company expects consistent revenue growth of around 15% to 18%, potentially reaching 20% year-on-year from FY '27 onwards.
→FY '26 revenue guidance is around INR 535-540 crores, with confidence to meet INR 540 crores.
→With new capex (RCB and pyrolysis plants, PCMB business, overseas expansions), revenue for FY '27 is expected to be around INR 700 crores or more.
→Export volumes are targeted to grow robustly by 30% by end of Q4 FY '26.
→TP Buildtech anticipates moderate growth in FY '26, aiming to finish at par or slightly higher than previous year (INR 56-61 crores).
→PCMB business volume target is 1,000 MT in Q4 FY '26 and about 6,000 MT in FY '27.
→Overall vision (Vision 2028) targets INR 1,000 crores revenue.

Margin guidance

Category 3

→The company expects revenue of around INR700 crores in FY '27, driven by new capacities like the pyrolysis and RCB plants.
→For FY '26, revenue guidance is INR535-540 crores with 8%-9% growth over previous year, confidence in meeting this target.
→Earnings growth prospects are supported by scaling up of plants, new product mix, and operational efficiencies.
→EBITDA margin targeted around 16%-18%, with some variation across verticals but generally stable.
→Vision 2028 aims for INR1,000 crores revenue, considered achievable based on current capex and expansions.
→Capacity utilization for new plants expected to reach 35%-40% within 6 months, leading to improved profitability.
→Oman operations expected to break even and contribute positively; South Africa operations expected to break even by Q1 FY '27.
→EPR credits continue to contribute positively to margins and profitability.
→Management maintains guidance updates quarterly, aiming for realistic targets within 5%-8% accuracy.

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Fundraise plans

→There is no explicit mention of any new fundraising through debt or equity in the transcript.
→Current debt repayment plans involve repaying approximately INR 10 crores per year over the next two years.
→The company is undertaking capital expenditure (capex) for capacity expansion (e.g., tire crushing capacity to 235,000 tons and new plants like RCB, pyrolysis).
→The management indicates ongoing capex projects and expects new revenue streams from these expansions but has not indicated raising new funds via debt or equity at this time.
→Cash balance is around INR 5 crores, with no mention of a need for fresh funding.
→Overall, no guidance or indication is given for upcoming fundraising.

Order book

→The management did not provide explicit current or expected order book figures during the call.
→For TP Buildtech, they expect moderate growth and have laid the foundation for growth over the next 2-3 years with new plants and products.
→The order pipeline for Q4 FY'26 and FY'27 was asked but no specific numbers were shared; management expressed confidence in achieving revenue and growth targets.
→Business segments like infrastructure and consumer are witnessing growth post-monsoon, indicating improving demand.
→Overall, with capacity expansions, new plants (RCB and pyrolysis), and overseas operations (Saudi Arabia, South Africa), the company expects rising demand and steady order flows aligned with projected revenue growth of ~8-9% in FY'26 and 15-20% year-on-year growth thereafter.

Capex plans

Yes

→Completed capex of approximately INR 79 crores during the nine-month period of FY '26.
→Planned additional capex of around INR 50 crores over the balance of FY '26 and FY '27.
→Capex includes setting up RCB and pyrolysis plants, strengthening PCMB business, and expanding overseas operations (Saudi Arabia, South Africa).
→Expansion of tire recycling capacity from current 185,000 tons toward 235,000-250,000 tons in the near future.
→Renewable energy capacity being scaled up from 1.23 MW to 4.48 MW, targeted for completion by end of Q4 FY '26.
→New plant near Kolkata for concrete admixtures launched; new construction systems products being developed.
→Pyrolysis plant trials expected to commence within Q4 FY '26; RCB plant by Q1 FY '27.
→Saudi Arabia expansion expected to be operational by mid of next financial year.

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