Any current/future new fundraising through debt or equity?

The company plans to continue servicing its existing debt efficiently but does not intend to reduce debt in an accelerated manner. Management views debt as a good source of capital currently and is open to taking on additional term debt if compelling CapEx opportunities arise, with confidence in the balance sheet's ability to support this. For FY25, planned CapEx is estimated between INR 30 crores to INR 40 crores, aimed at new capacities and process improvements. No explicit mention of new equity fundraising was made in the call transcripts. The company is evaluating multiple options for capa

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

FY24 CapEx: INR 45 crores for greenfield projects including a passenger car tyre recycling plant in Maharashtra and a plastic and rubber composites facility in Paipat. FY25 CapEx guidance: Expected INR 30-40 crores, spread across new capacities and process improvements. Varle facility expansion: Large site (13 acres) with capacity to add equipment and plants to generate INR 75-100 crores in top line. Vision till FY27 includes opening 10 operational plants, with plans to add 4 new plants through various options including new locations or expansions at existing sites. Strategic investment in sol

Future growth expectations in sales/revenue/volumes?

Revenue target of INR 900 crores by FY27, growing from INR 363 crores in FY24, indicating an approximate CAGR of around 25-35%. FY25 revenue guidance is INR 500 crores, requiring quarterly revenue around INR 120 crores. Infrastructure sector expected to grow significantly, with government focus on highway construction and bitumen consumption increasing (~10 million MT in India, 10% modified bitumen market). Potential 5x growth in infrastructure segment within 3 years if adoption of modified bitumen accelerates. Crumb rubber and infrastructure sales showing improved growth, partly drive

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

Revenue target: INR 900 crores by FY27, up from INR 363 crores in FY24 (approx. 25-35% CAGR expected). EBITDA margin guidance: Aim to maintain or improve from current levels around 18%+ by FY27. PAT margin target: Around 12-13% margin expected to be sustained; current PAT margin is ~11.1% in FY24. Earnings growth: 70% EBITDA growth and 85% PAT growth reported in FY24, indicating strong momentum. Capacity expansion: New plants and greenfield projects underway, including the Varle facility expected to generate INR 75-100 crores revenue in FY25. Infrastructure segment growth: Driven by government

Current/ Expected Orderbook/ Pending Orders?

The transcript does not explicitly mention the current or expected order book or pending orders in quantitative terms. However, the company highlighted good traction in the infrastructure sector with increasing demand for modified bitumen, driven by government road projects. The Oman plant is operational and running at about 80-85% efficiency, contributing steady cash flow without significant expansion expected due to limited market size. The company is confident about growth opportunities domestically given the robust road infrastructure development and expanding market for rubberized asphalt

Tinna Rubber & Infrastructure LtdQ4 FY24Industrial Products

Tinna Rubber & Infrastructure Ltd Q4 FY24 Earnings Call Analysis

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

Price: ₹939P/E: 28.6Market Cap: ₹1.8K CrSector: Industrial Products

Management growth scorecard

Revenue

Category 2

Margin

Category 3

Fundraise

Yes

Order

N/A

Capex

Yes

2 of 4 growth signals are positive.

Full analysis

Revenue guidance

Category 2

Revenue target of INR 900 crores by FY27, growing from INR 363 crores in FY24, indicating an approximate CAGR of around 25-35%.
FY25 revenue guidance is INR 500 crores, requiring quarterly revenue around INR 120 crores.
Infrastructure sector expected to grow significantly, with government focus on highway construction and bitumen consumption increasing (~10 million MT in India, 10% modified bitumen market).
Potential 5x growth in infrastructure segment within 3 years if adoption of modified bitumen accelerates.
Crumb rubber and infrastructure sales showing improved growth, partly driven by accelerated highway projects and rising government spend.
Capacity additions planned, including new plants and expansion at existing facilities (e.g., Varle site can add INR 75-100 crores of revenue post ramp-up).
Overseas expansion opportunities being explored organically and inorganically post Oman success.
EPR (Extended Producer Responsibility) credits expected to contribute positively to revenue growth.

Margin guidance

Category 3

Revenue target: INR 900 crores by FY27, up from INR 363 crores in FY24 (approx. 25-35% CAGR expected).
EBITDA margin guidance: Aim to maintain or improve from current levels around 18%+ by FY27.
PAT margin target: Around 12-13% margin expected to be sustained; current PAT margin is ~11.1% in FY24.
Earnings growth: 70% EBITDA growth and 85% PAT growth reported in FY24, indicating strong momentum.
Capacity expansion: New plants and greenfield projects underway, including the Varle facility expected to generate INR 75-100 crores revenue in FY25.
Infrastructure segment growth: Driven by government spending and increased bitumen consumption, with potential 5x opportunity in next 3 years.
Overseas expansion: Exploring organic and inorganic growth opportunities internationally, especially after successful Oman plant commissioning.
Caution on margin predictability due to global uncertainties but management confident in growth trajectory.

See what Tinna Rubber & Infrastructure Ltd management said on margin guidance — free account, 30 seconds.

Fundraise plans

Yes

The company plans to continue servicing its existing debt efficiently but does not intend to reduce debt in an accelerated manner.
Management views debt as a good source of capital currently and is open to taking on additional term debt if compelling CapEx opportunities arise, with confidence in the balance sheet's ability to support this.
For FY25, planned CapEx is estimated between INR 30 crores to INR 40 crores, aimed at new capacities and process improvements.
No explicit mention of new equity fundraising was made in the call transcripts.
The company is evaluating multiple options for capacity expansion, including new plants or expansions at existing facilities, which may involve associated funding needs.

Order book

The transcript does not explicitly mention the current or expected order book or pending orders in quantitative terms.
However, the company highlighted good traction in the infrastructure sector with increasing demand for modified bitumen, driven by government road projects.
The Oman plant is operational and running at about 80-85% efficiency, contributing steady cash flow without significant expansion expected due to limited market size.
The company is confident about growth opportunities domestically given the robust road infrastructure development and expanding market for rubberized asphalt.
They are also exploring organic and inorganic overseas expansion opportunities following success in Oman.
Revenue guidance forecasts INR 500 crores for FY25 and INR 900 crores by FY27, supported by capacity additions and market growth.
No specific details on pending orders or order book backlog are disclosed in the call transcript.

See what Tinna Rubber & Infrastructure Ltd management said on order book — free account, 30 seconds.

Capex plans

Yes

FY24 CapEx: INR 45 crores for greenfield projects including a passenger car tyre recycling plant in Maharashtra and a plastic and rubber composites facility in Paipat.
FY25 CapEx guidance: Expected INR 30-40 crores, spread across new capacities and process improvements.
Varle facility expansion: Large site (13 acres) with capacity to add equipment and plants to generate INR 75-100 crores in top line.
Vision till FY27 includes opening 10 operational plants, with plans to add 4 new plants through various options including new locations or expansions at existing sites.
Strategic investment in solar power: 1.2 MW plant operational by Q2 FY25, projected saving INR 1.25 crores annually.
Overseas investment vehicle set up in Netherlands for future opportunities; currently dormant.
Ongoing R&D for customized products in footwear and auto parts with sales expected from Q2 FY25.

Track Tinna Rubber & Infrastructure Ltd — get its next earnings analysis in your feed

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

Pro feature

ThisTinna Rubber & Infrastructure Ltd

Rev 2Mar 3

See where Tinna Rubber & Infrastructure Ltd sits in Industrial ProductsSee which companies these are, and every other name in the sector.Open rankings

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

Compare Tinna Rubber & Infrastructure Ltd against every Industrial Products company (Q4 FY24) on revenue, margins and earnings-call signals.

View Industrial Products leaderboard →

What Tinna Rubber & Infrastructure Ltd's management said in earlier quarters

Others in Industrial Products this season

Monolithisch India Ltd (Q2 FY27)
Combined additional capacity: 3 lakh MT per annum; total capex approximately INR 45 crores. Key concall takeaways from Monolithisch India Ltd's Q2 FY27…
Systematic Industries Ltd (Q1 FY27)
Year-on-Year (YoY) Growth for Q4 Net Sales:** 6.0% . Key concall takeaways from Systematic Industries Ltd's Q1 FY27 earnings call — and how it ranks against…
Graphite India Ltd (Q3 FY24)
690 crore, down 1.6% y-o-y (Page 5, 9) . Key concall takeaways from Graphite India Ltd's Q3 FY24 earnings call — and how it ranks against sector peers.
Graphite India Ltd (Q4 FY24)
720 Cr, down 11.7% y-o-y (Page 4, 9) . Key concall takeaways from Graphite India Ltd's Q4 FY24 earnings call — and how it ranks against sector peers.

Compare:vs Polycab India Ltd vs Welspun Corp Ltd vs APL Apollo Tubes

🔎 Who's planning the most growth?

Companies ranked by management's own guidance — revenue, margins, capex and order book, from every earnings call in India.

See rankings →