Tinna Rubber & Infra

₹992 -6.5 | 0.7%

WEBSITE BSE:530475 NSE : TINNARUBR 18 May, 12:50

Market Cap ₹1699 Cr.

Stock P/E 54.1

P/B 14.7

Current Price ₹992

Book Value ₹ 67.4

Face Value 10

52W High ₹1046

Dividend Yield 0.5%

52W Low ₹ 242.8

Edit Ratio

Tinna Rubber & Infra Research see more...

Cost Efficiency and Sales Growth Should Help Tinna Rubber and Infrastructure Limited

Overview Inc. Year: 1987Industry: Chemicals

Tinna Rubber and Infrastructure Ltd engages in the recycling of the waste tire and end of life tire (ELT) substances in India and across the world. It also manufactures value added merchandise from waste tires/ELTs. The corporation’s products encompass ultra-fine high structure tire crumbs, hi tensile reclaim rubber, hi carbon metallic shots, hi carbon metal scrap, rubberized asphalt, polymer modified bitumen, and bitumen emulsion products. Its products are utilized in making/repair of roads and tires, in addition to in auto part enterprise. The organization changed into previously called Tinna Overseas Ltd and changed its name to Tinna Rubber and Infrastructure Ltd in December 2012. Tinna Rubber and Infrastructure Ltd changed into founded in 1977 and is based totally in New Delhi, India.

Tinna Rubber & Infra Share Price

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Peer Comparison

Tinna Rubber & Infra Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	54	68	61	82	66	77	73	80	80	93
Other Income	0	0	1	1	0	0	3	0	0	0
Total Income	54	68	62	83	66	77	76	81	80	93
Total Expenditure	43	57	52	71	56	67	65	69	67	78
Operating Profit	10	11	10	12	10	10	11	12	13	16
Interest	2	3	2	2	2	2	2	2	2	2
Depreciation	2	2	2	2	2	1	1	1	2	2
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	6	6	6	8	6	6	8	9	10	13
Provision for Tax	2	1	2	2	2	2	2	3	3	3
Profit After Tax	4	4	5	6	5	5	6	7	7	9
Adjustments	-0	-0	0	0	-0	0	1	0	0	1
Profit After Adjustments	4	4	5	6	4	5	7	7	8	10
Adjusted Earnings Per Share	2.4	2.3	2.9	3.6	2.5	2.7	3.9	4.1	4.4	5.8

Tinna Rubber & Infra Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	89	316	349	530	69	100	130	123	130	229	295	326
Other Income	2	3	3	4	2	1	3	3	2	3	6	3
Total Income	91	319	352	533	71	102	132	126	132	233	302	330
Total Expenditure	84	305	327	508	67	90	114	114	112	192	258	279
Operating Profit	7	14	25	26	4	11	18	12	19	41	43	52
Interest	3	6	10	14	11	10	11	10	10	9	8	8
Depreciation	2	4	5	7	7	7	7	8	8	9	7	6
Exceptional Income / Expenses	0	19	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	2	23	9	5	-14	-6	0	-5	2	23	29	40
Provision for Tax	-0	1	3	3	-4	-1	0	-2	0	6	7	11
Profit After Tax	2	23	6	2	-10	-5	-0	-4	1	17	22	29
Adjustments	0	-0	-1	0	0	-0	0	-1	-1	0	0	2
Profit After Adjustments	2	22	5	3	-9	-5	-0	-5	-0	17	22	32
Adjusted Earnings Per Share	1	13	2.8	1.6	-5.5	-2.9	-0	-2.8	-0.1	9.9	12.7	18.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	29%	34%	24%	13%
Operating Profit CAGR	5%	53%	31%	20%
PAT CAGR	29%	0%	0%	27%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	261%	273%	119%	43%
ROE Average	25%	17%	9%	7%
ROCE Average	24%	19%	13%	11%

Tinna Rubber & Infra Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	44	77	79	81	60	71	71	67	67	77	96
Minority's Interest	0	0	7	7	0	0	0	0	0	0	0
Borrowings	12	9	37	50	38	31	31	29	24	29	24
Other Non-Current Liabilities	4	4	5	6	-0	-1	-1	-2	-2	10	7
Total Current Liabilities	33	100	173	152	74	74	68	68	74	73	71
Total Liabilities	93	190	301	297	171	175	170	162	163	189	199
Fixed Assets	40	44	86	92	82	77	76	72	71	72	69
Other Non-Current Assets	19	42	43	48	24	32	34	35	32	38	37
Total Current Assets	34	105	172	156	65	66	59	54	60	79	93
Total Assets	93	190	301	297	171	175	170	162	163	189	199

Tinna Rubber & Infra Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	0	3	14	11	0	0	0	0	0	0	1
Cash Flow from Operating Activities	8	-37	-5	12	7	15	20	17	21	19	32
Cash Flow from Investing Activities	-19	-4	-48	-15	-1	4	-4	-2	-5	-12	-10
Cash Flow from Financing Activities	13	31	52	-5	-5	-19	-16	-15	-15	-6	-21
Net Cash Inflow / Outflow	2	-10	-1	-7	0	-0	0	0	0	1	1
Closing Cash & Cash Equivalent	3	14	11	4	0	0	0	0	0	1	2

Tinna Rubber & Infra Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	0.97	13.04	2.81	1.61	-5.47	-2.92	-0.02	-2.83	-0.08	9.86	12.73
CEPS(Rs)	2.28	15.48	6.52	5.17	-1.6	1.33	4.16	2.15	5.29	14.88	16.87
DPS(Rs)	0	1	2	0.5	0	0	0	0	0	4	5
Book NAV/Share(Rs)	25.77	45.06	46.28	47.58	34.87	41.61	41.44	38.98	38.97	45.17	56
Core EBITDA Margin(%)	5.65	3.35	6.04	4.09	2.44	9.92	12.08	7.67	13.66	16.26	12.59
EBIT Margin(%)	4.9	9.18	5.45	3.55	-4.1	4.12	8.48	3.62	8.85	14.03	12.45
Pre Tax Margin(%)	1.62	7.23	2.54	0.96	-18.91	-5.71	0.27	-4.42	1.21	9.96	9.72
PAT Margin (%)	1.74	7.01	1.64	0.42	-12.91	-4.81	-0.12	-3.16	0.86	7.37	7.38
Cash Profit Margin (%)	4.09	8.17	3.15	1.66	-3.72	2.23	5.5	2.99	6.97	11.12	9.78
ROA(%)	2.01	15.93	2.36	0.76	-4.06	-2.84	-0.09	-2.34	0.69	9.61	11.25
ROE(%)	3.82	37.46	7.44	2.82	-13.46	-7.51	-0.22	-5.64	1.67	23.45	25.16
ROCE(%)	6.77	25.85	10.51	8.58	-1.59	2.74	7.26	3.09	8.49	23.06	24.45
Receivable days	55.98	28.43	28.76	22.23	161.24	82.46	71.69	69.04	67.06	46	40.13
Inventory Days	33.39	29.88	86.04	70.98	277.02	99.41	72.73	68.16	61.79	43.48	43.08
Payable days	31.13	17.48	46.83	36.43	237.95	45.77	44.25	46.17	58.79	59.24	49.6
PER(x)	18.63	1.53	13.41	13.46	0	0	0	0	0	15.47	13.63
Price/Book(x)	0.7	0.44	0.81	0.45	1.05	0.72	0.51	0	0.47	3.38	3.1
Dividend Yield(%)	0	2.5	2.65	1.16	0	0	0	0	0	1.31	1.44
EV/Net Sales(x)	0.67	0.29	0.54	0.33	2.24	1.31	0.86	0.64	0.74	1.43	1.19
EV/Core EBITDA(x)	8.74	6.6	7.61	6.75	41.13	11.55	6.11	6.55	4.92	8.05	8.12
Net Sales Growth(%)	-15.63	254.52	10.34	52.01	-87.01	45.63	29.38	-5.15	5.72	76.25	28.88
EBIT Growth(%)	-52.82	537.48	-34.54	-1.67	-115.92	239.44	161.01	-59.55	158.87	179.33	14.32
PAT Growth(%)	-73.59	1273.38	-74.28	-60.87	-519.55	48.27	96.88	-2432.12	128.71	1414.36	29.01
EPS Growth(%)	-73.43	1249.58	-78.45	-42.83	-440.72	46.68	99.26	0	97.15	0	29.01
Debt/Equity(x)	0.76	0.97	1.73	1.77	1.57	1.16	1.1	1.08	0.99	0.89	0.61
Current Ratio(x)	1.02	1.05	0.99	1.03	0.87	0.9	0.87	0.8	0.81	1.08	1.3
Quick Ratio(x)	0.69	0.63	0.27	0.48	0.49	0.53	0.51	0.49	0.5	0.65	0.77
Interest Cover(x)	1.49	4.71	1.87	1.37	-0.28	0.42	1.03	0.45	1.16	3.45	4.57
Total Debt/Mcap(x)	1.08	2.17	2.13	3.9	1.5	1.62	2.17	0	2.09	0.26	0.2

Tinna Rubber & Infra Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	73.81	73.81	73.81	73.81	73.81	73.81	73.81	73.81	73.81	73.55
FII	0.64	0.71	0.75	0.82	0.82	0.82	0.82	0.82	0.82	0.74
DII	0.33	0.44	0.86	0.86	0.86	0.86	0.33	0.33	0.33	0.33
Public	25.22	25.04	24.58	24.51	24.51	24.51	25.04	25.04	25.04	25.38
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	0.63	0.63	0.63	0.63	0.63	0.63	0.63	1.26	1.26	1.26
FII	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
DII	0	0	0.01	0.01	0.01	0.01	0	0.01	0.01	0.01
Public	0.22	0.21	0.21	0.21	0.21	0.21	0.21	0.43	0.43	0.43
Others	0	0	0	0	0	0	0	0	0	0
Total	0.86	0.86	0.86	0.86	0.86	0.86	0.86	1.71	1.71	1.71

Pros

Debtor days have improved from 59.24 to 49.6days.
Company has reduced debt.

Cons

Stock is trading at 14.7 times its book value.

* 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.